-----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,
 JMUHy83xGpWwHWq49xQa5K/Kf1cQnW6JM8KJzpiDooItXvfNak+Sbkl5RJkjUn6h
 a5rqTSKQyMvAp5Mwo5fanw==

<SEC-DOCUMENT>0001193125-07-131377.txt : 20070607
<SEC-HEADER>0001193125-07-131377.hdr.sgml : 20070607
<ACCEPTANCE-DATETIME>20070607102509
ACCESSION NUMBER:		0001193125-07-131377
CONFORMED SUBMISSION TYPE:	20-F
PUBLIC DOCUMENT COUNT:		29
CONFORMED PERIOD OF REPORT:	20061231
FILED AS OF DATE:		20070607
DATE AS OF CHANGE:		20070607

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:		20-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12033
		FILM NUMBER:		07905616

	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>20-F
<SEQUENCE>1
<FILENAME>d20f.htm
<DESCRIPTION>FORM 20-F ANNUAL REPORT
<TEXT>
<HTML><HEAD>
<TITLE>Form 20-F Annual Report</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:2px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><B>Washington, D.C. 20549 </B></FONT></P> <P STYLE="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="19%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="5"><B>Form 20-F </B></FONT></P> <P STYLE="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="19%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="3"><B></B></FONT><FONT FACE="WINGDINGS" SIZE="3" COLOR="#000000"><B>&#168;</B></FONT><FONT FACE="Times New Roman" SIZE="3"><B><B></B></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="3"><B>Registration statement pursuant to Section 12(b) or 12(g) of the Securities Exchange Act of 1934 </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:4px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>or </B></FONT></P> <P STYLE="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="3"><B><FONT FACE="WINGDINGS">&#120;</FONT><B></B></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="3"><B>Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </B></FONT></TD></TR></TABLE> <P
STYLE="margin-top:4px;margin-bottom:0px; text-indent:5%"><FONT FACE="Times New Roman" SIZE="2"><B>For the fiscal year ended December&nbsp;31, 2006 </B></FONT></P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>or </B></FONT></P> <P STYLE="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="3"><B></B></FONT><FONT FACE="WINGDINGS" SIZE="3" COLOR="#000000"><B>&#168;</B></FONT><FONT FACE="Times New Roman" SIZE="3"><B><B></B></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="3"><B>Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </B></FONT></TD></TR></TABLE> <P
STYLE="margin-top:4px;margin-bottom:0px; text-indent:5%"><FONT FACE="Times New Roman" SIZE="2"><B>For the transition period from/to </B></FONT></P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><B>or </B></FONT></P> <P STYLE="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="3"><B></B></FONT><FONT FACE="WINGDINGS" SIZE="3" COLOR="#000000"><B>&#168;</B></FONT><FONT FACE="Times New Roman" SIZE="3"><B><B></B></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="3"><B>Shell company report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </B></FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:5%"><FONT FACE="Times New Roman" SIZE="2"><B>Date of event requiring this shell company report: </B></FONT></P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Commission file number 000&#150;12033 </B></FONT></P> <P STYLE="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="19%" SIZE="1" NOSHADE COLOR="#000000"> <P
STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="6"><B>TELEFONAKTIEBOLAGET LM ERICSSON </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>(Exact Name of Registrant as Specified in Its Charter) </B></FONT></P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="6"><B>LM ERICSSON TELEPHONE COMPANY </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Translation of Registrant&#146;s Name Into English) </B></FONT></P> <P STYLE="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="19%"
SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Kingdom of Sweden </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B>(Jurisdiction of Incorporation or Organization) </B></FONT></P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SE-164 83 Stockholm, Sweden </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Address of Principal Executive Offices) </B></FONT></P> <P STYLE="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="19%" SIZE="1"
NOSHADE COLOR="#000000"> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Securities registered or to be registered pursuant to Section&nbsp;12(b) of the Act: </B></FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="84%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Title of Each Class</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Name of Each Exchange on Which Registered</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">American Depositary Shares</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>The NASDAQ Stock Market LLC</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B></B>&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">B Shares</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>The NASDAQ Stock Market LLC</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>*</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:2px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">*</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="1">Not for trading, but only in connection with the registration of the American Depositary Shares representing such B Shares pursuant to the requirements of the Securities and
Exchange Commission. </FONT></TD></TR></TABLE> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Securities registered pursuant to Section&nbsp;12(g) of the Act: </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>None </B></FONT></P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Securities for which there is a
reporting obligation pursuant to Section&nbsp;15(d) of the Act: </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>None </B></FONT></P> <P
STYLE="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="19%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:4px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Indicate the number of outstanding
shares of each of the issuer&#146;s classes of capital or common stock as of the close of the period covered by the Annual Report: </FONT></P> <P STYLE="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">B shares (SEK 1.00 nominal value)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,823,478,760</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">A shares (SEK 1.00 nominal value)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,308,779,918</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C shares (SEK 1.00 nominal value)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:4px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Indicate by check mark if the registrant is a well-seasoned issuer, as defined in Rule 405 of the
Securities Act.&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;<FONT FACE="WINGDINGS">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;</FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"> </FONT></P> <P
STYLE="margin-top:4px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section&nbsp;13 or
15(d) of the Securities Exchange Act of 1934.&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;</FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT
FACE="WINGDINGS">&#120;</FONT> </FONT></P> <P STYLE="margin-top:4px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Indicate by check mark whether the registrant: (1)&nbsp;has filed all reports required to be filed by
Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)&nbsp;has been subject to such filing requirements for the past
90 days.&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;<FONT FACE="WINGDINGS">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;</FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"> </FONT></P> <P
STYLE="margin-top:4px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of
&#147;accelerated filer&#148; and &#147;large accelerated filer&#148; in Rule 12b-2 of the Exchange Act. </FONT></P> <P STYLE="margin-top:4px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><FONT
FACE="WINGDINGS">&#120;</FONT>&nbsp;&nbsp;Large accelerated filer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman"
SIZE="2">&nbsp;&nbsp;Accelerated filer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;Non-accelerated filer
</FONT></P> <P STYLE="margin-top:4px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Indicate by check mark which financial statement item the registrant has elected to
follow.&nbsp;&nbsp;&nbsp;&nbsp;Item&nbsp;17&nbsp;&nbsp;<FONT FACE="WINGDINGS">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Item&nbsp;18&nbsp;&nbsp;</FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2">
</FONT></P> <P STYLE="margin-top:4px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange
Act).&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;</FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT FACE="WINGDINGS">&#120;</FONT> </FONT></P> <P
STYLE="font-size:3px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left">

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>
<A NAME="toc"></A>CONTENTS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="95%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_1">Form 20-F 2006 Cross Reference Table</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ii</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Operational Review*</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_3">Letter from the Chairman</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_4">Three-Year Summary</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_5">Board of Directors&#146; Report* </A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_6">Report of Independent Registered Public Accounting Firm</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_7">Consolidated Financial Statements</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_8">Notes to the Consolidated Financial Statements</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_9">Risk Factors</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">126</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_10">Information on the Company</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">133</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_11">Forward-Looking Statements</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">149</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_12">Share Information</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">150</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_13">Shareholder Information</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">156</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_14">Compensation</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">158</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_15">Corporate Governance Report 2006 </A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">160</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_16">Management&#146;s Report on Internal Control Over Financial Reporting</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">186</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#rom36434_17">Supplemental Information</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">187</FONT></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">*)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">In this chapter, we use a non-GAAP financial measure called &#147;cash flow before financial investing activities&#148;. We believe that &#147;cash flow before financial investing
activities&#148; is a measure that provides relevant information for analysts, investors and other interested parties in the telecommunications industry. Accordingly, we have presented &#147;cash flow before financial investing activities&#148; to
enhance the reader&#146;s understanding of our performance in 2006, 2005 and 2004. &#147;Cash flow before financial investing activities&#148; is defined as cash flow from operating activities less cash used to acquire intangible assets and
property, plant and equipment. However, our definition of &#147;cash flow before financial investing activities&#148; may not be directly comparable to other similarly titled measures used by companies. </FONT></TD></TR></TABLE>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>
<A NAME="rom36434_1"></A>FORM 20-F 2006 CROSS REFERENCE TABLE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><I>Our Annual Report on Form 20-F consists of the Swedish Annual Report
for 2006, with certain adjustments to comply with U.S. requirements, together with certain other information required by Form 20-F which is set forth under the heading Supplemental Information. The following cross reference table indicates where
information required by Form 20-F may be found in this document. </I></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="42%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="5"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Form 20-F Item Heading</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Location in this document</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Page<BR>Number</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>PART I</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>1</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Identity of Directors, Senior Management and Advisors</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Offer Statistics and Expected Timetable</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>3</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Key Information</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>A</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Selected Financial Data</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Three-Year Summary</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Supplemental Information</B> </FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Exchange Rates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">187</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Five-Year Summary</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">198</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>B</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Capitalization and Indebtedness</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>C</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Reason for the Offer and Use of Proceeds</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>D</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Risk Factors</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Risk Factors</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">126</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>4</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Information on the Company</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>A</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>History and Development of the Company</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Board of Directors&#146; Report</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="3" VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Summary</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Acquisitions and Divestitures</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">102</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capital Expenditures</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Notes to the Consolidated Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C26 Business Combinations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">102</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C32 Events After the Balance Sheet Date</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">117</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Information on the Company</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">General Facts on the Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">133</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">History and Development</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">134</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>B</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Business Overview</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Information on the Company</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">133</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>C</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Organizational Structure</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Information on the Company</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Organization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">137</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Supplemental Information</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">199</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>D</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Property, Plant and Equipment</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Information on the Company</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Manufacturing and Assembly</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">147</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>4A</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Unresolved staff comment</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>5</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Operating and Financial Review and Prospects</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>A</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Operating Results</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Board of Directors&#146; Report</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Goals, Strategy and Financial Results</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ii </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>


<TR>
<TD VALIGN="bottom" COLSPAN="5"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Form 20-F Item Heading</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Location in this document</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Page<BR>Number</B></FONT></TD></TR>

<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>A</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Operating Results Cont&#146;d</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Notes to the Consolidated Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C20 Financial Risk Management and Financial Instruments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>Supplemental Information</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Operating Results</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">187</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>B</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Liquidity and Capital Resources</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Board of Directors&#146; Report</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Balance Sheet and Cash Flow</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Notes to the Consolidated Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C19 Interest-Bearing Liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">92</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C20 Financial Risk Management and Financial Instruments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C25 Statement of Cash Flows</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">101</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>C</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ROWSPAN="2"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Research and Development, Patents and Licenses</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Board of Directors&#146; Report</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Research and Development</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Information on the Company</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Research and Development</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">142</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Intellectual Property and Licensing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">143</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>D</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Trend Information</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Board of Directors&#146; Report</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Market Environment and Trend information</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Goals, Strategy and Financial Results</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>E</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Off-Balance Sheet Arrangements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Notes to the Consolidated Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C20 Financial Risk Management and Financial Instruments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>F</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ROWSPAN="2"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Tabular Disclosure of Contractual Obligations</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Board of Directors&#146; Report</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Material Contracts and Contractual Obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>6</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Directors, Senior Management and Employees</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>A</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Directors and Senior Management</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Corporate Governance Report 2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Members of the Board of Directors</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">171</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Company Management</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">175</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Notes to the Consolidated Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C32 Events after the Balance Sheet Date</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">117</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>B</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Compensation</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Notes to the Consolidated Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C29 Information Regarding Employees, Members of the Board of Directors and Management</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">105</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">iii </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>


<TR>
<TD VALIGN="bottom" COLSPAN="5"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Form 20-F Item Heading</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Location in this document</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Page<BR>Number</B></FONT></TD></TR>

<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>C</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Board Practices</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Corporate Governance Report 2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Board of Directors</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">164</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Members of the Board of Directors</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">171</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Company Management</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">175</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Notes to the Consolidated Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C29 Information Regarding Employees, Members of the Board of Directors and Management</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">105</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C32 Events after the Balance Sheet Date</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">117</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>D</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Employees</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Board of Directors&#146; Report</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Employees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Information on the Company</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Human Resources</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">146</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Notes to the Consolidated Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C29 Information Regarding Employees, Members of the Board of Directors and Management</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">105</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>E</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Share Ownership</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Share Information</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Shareholders</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">153</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Corporate Governance Report 2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Members of the Board</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">171</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Company Management</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">175</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Notes to the Consolidated Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C29 Information Regarding Employees, Members of the Board of Directors and Management</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">105</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>7</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Major Shareholders and Related Party Transactions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>A</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Major Shareholders</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Share Information</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Shareholders</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">153</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>B</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Related Party Transactions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Notes to the Consolidated Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C30 Related Party Transactions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">115</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>C</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Interests of Experts and Counsel</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>8</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>Financial Information</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>A</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Consolidated Statements and Other</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Consolidated Financial Statements</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Financial Information</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Please see also Item 17 cross references</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Board of Directors&#146; Report</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Legal and Tax Proceedings</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Supplemental Information</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Dividends</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">190</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">iv </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>


<TR>
<TD VALIGN="bottom" COLSPAN="5"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Form 20-F Item Heading</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Location in this document</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Page<BR>Number</B></FONT></TD></TR>

<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>B</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Significant Changes</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Notes to the Consolidated Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C32 Events after the Balance Sheet Date</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">117</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>9</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>The Offer and Listing</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>A</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Offer and Listing Details</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Share Information</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Offer and Listing Details</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">151</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>B</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Plan of Distribution</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>C</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Markets</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Share Information</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock Exchange Trading</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">150</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>D</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Selling Shareholders</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>E</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Dilution</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>F</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Expenses of the Issue</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>10</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>Additional Information</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>A</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Share Capital</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>B</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Memorandum and Articles of Association</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Supplemental Information</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Memorandum and Articles of Association</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">189</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>C</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Material Contracts</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Board of Directors&#146; Report</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Material Contracts and Contractual Obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Acquisitions and Divestitures</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Notes to the Consolidated Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C32 Events After the Balance Sheet Date</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">117</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>D</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Exchange Controls</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Supplemental Information</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Exchange Controls</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">193</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>E</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Taxation</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Supplemental Information</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Taxation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">194</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>F</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Dividends and Paying Agents</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>G</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Statement by Experts</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>H</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Documents on Display</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Information on the Company</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Documents on Display</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">134</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>I</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Subsidiary Information</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>11</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Quantitative and Qualitative Disclosures</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Board of Directors&#146; Report</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>About Market Risks</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Risk Management</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Notes to the Consolidated Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C20 Financial Risk Management and Financial Instruments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>12</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Description of Securities Other than Equity Securities</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">v </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>


<TR>
<TD VALIGN="bottom" COLSPAN="5"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Form 20-F Item Heading</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Location in this document</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Page<BR>Number</B></FONT></TD></TR>

<TR>
<TD VALIGN="top" COLSPAN="5"><FONT FACE="Times New Roman" SIZE="2"><B>PART II</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>13</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Defaults, Dividend Arrearages and Delinquencies</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>14</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Material Modifications to the Rights of Security Holders and Use of Proceeds</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>15</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>Controls and Procedures</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>A</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Disclosure Controls and Procedures</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="2"><B>Corporate Governance</B><B> Report 2006</B> </FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Disclosure Controls and Procedures</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">181</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>B</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Management&#146;s annual report on internal control over financial reporting</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Management&#146;s Report on Internal Control Over Financial Reporting</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">186</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>C</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Attestation report of the registered public accounting firm</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Report of Independent Registered Public Accounting Firm</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>D</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Changes in internal control over financial reporting not applicable</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Corporate Governance Report 2006</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:3.00em; text-indent:-1.00em"><FONT
FACE="Times New Roman" SIZE="2">Disclosure Controls and Procedures</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">181</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>16</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Reserved</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>A</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Audit Committee Financial Expert</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Corporate Governance</B> <B>Report 2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">168</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>B</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Code of Ethics</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Corporate Governance</B> <B>Report 2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">High Standards in Business Ethics</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">160</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>C</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Principal Accountant Fees and Services</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Notes to the Consolidated Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Note C31 Fees to Auditors</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">117</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Corporate Governance</B> <B>Report 2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Audit Committee Pre-Approval Policies and Procedures</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">180</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>D</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exemptions from the Listing Standards for Audit Committees</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Corporate Governance</B> <B>Report 2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Independence Requirements of the Board</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">182</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>E</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Purchase of Equity Securities by the Issuer and Affiliated Purchasers</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>PART III</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>17</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Consolidated Income Statement</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Consolidated Balance Sheet</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">45</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Consolidated Statement of Cash Flows</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">46</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Consolidated Statement of Recognized</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Income and Expense</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">47</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Notes to the Consolidated Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>18</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Financial Statements</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>19</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibits</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 1</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Articles of Association, incorporated by reference to our Form 6-K dated May 16, 2006.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 2</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 3</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">vi </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="42%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>


<TR>
<TD VALIGN="bottom" COLSPAN="5"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Form 20-F Item Heading</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Location in this document</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Page<BR>Number</B></FONT></TD></TR>

<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 4.1</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Memorandum of Agreement, dated 25&nbsp;October 2005, Telefonaktiebolaget LM Ericsson and Marconi Corporation plc incorporated by reference to
our Form 20-F dated May 18, 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 4.2</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Agreement and Plan of Merger Between Telefonaktiebolaget LM Ericsson (Publ), Maxwell Acquisition Corporation and Redback Networks Inc. Dated
as of December 19, 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 5</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 6</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Please see Notes to the Consolidated Financial Statements, Note C1 Significant Accounting Policies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 7</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">For definitions of certain ratios used in this report, please see Three-Year Summary</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 8</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Please see Supplemental Information, Investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">199</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 9</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 11</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Our Code of Business Ethics and Conduct is included on our web site at
http://www.ericsson.com/about/code_business_ethics/index.shtml</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 12</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">302 Certifications</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 13</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">906 Certifications</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 14</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 15.1</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Consent of Independent Registered Public Accounting Firm</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">vii </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>FINANCIAL HIGHLIGHTS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="61%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>SEK million</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Change<BR>from&nbsp;2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005<SUP>1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004<SUP>2)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>177,783</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">17.1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">151,821</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">131,972</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Operating income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>35,828</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8.3</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33,084</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">26,706</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;Operating margin</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>20.2</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21.8</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">20.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>26,436</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8.1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24,460</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">17,836</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Earnings per share, diluted, SEK</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>1.65</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7.8</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.53</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.11</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Cash dividends per share, SEK</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>0.50</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11.1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.45</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.25</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>YEAR-END POSITION</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>214,940</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">209,336</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">186,186</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Working capital</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>82,926</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-3.8</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">86,184</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">69,268</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capital employed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>142,447</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.8</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">133,332</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">115,144</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stockholders&#146; equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>120,113</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">18.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">101,622</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">80,445</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Interest-bearing liabilities and post-employment benefits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>21,552</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-30.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">30,860</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33,643</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net cash</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>40,728</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-19.6</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">50,645</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">42,911</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>RATIOS</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Return on equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>23.7</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">26.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Return on capital employed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>27.4</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">28.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">26.4</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equity ratio</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>56.2</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">49.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">43.8</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capital turnover, times</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>1.3</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Inventory turnover, times</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>5.1</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Accounts receivable turnover, times</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>3.9</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>STATISTICAL DATA, YEAR-END</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Number of employees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;Worldwide</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>63,781</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">13.8</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">56,055</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">50,534</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;Of which in Sweden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>19,094</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-9.8</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21,178</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21,296</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Export sales from Sweden, SEK million</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>98,694</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">93,879</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">86,510</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Ericsson has adopted the new option in IAS 19 as from January&nbsp;1, 2006. 2005 has been restated accordingly. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">2004 has been restated in accordance with IFRS, using the optional exemptions in IAS 39. Selected financial data for 2003 and 2002 have been omitted because such information cannot
be restated in accordance with IFRS without unreasonable effort and expense. </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>NET SALES: </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Good growth, mainly driven by mobile networks, professional services and acquired Marconi sales. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>OPERATING MARGIN: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Best-in-class operating margin
reflects scale advantage and operational excellence. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>NET INCOME: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">SEK 26.4 billion is the highest in Ericsson&#146;s history. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>CASH DIVIDENDS: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SEK
0.50 proposal is double the level paid for 2004. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>NET CASH: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Strategic acquisition of Marconi assets reduces net cash. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g36w14.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g04h01.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g19l34.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>THIS IS ERICSSON </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Founded in 1876, Ericsson is a leading provider of communications networks, related services and handset technology platforms. Through our Sony Ericsson joint venture, we are also a major provider of handsets. Our experience building
networks in more than 175 countries gives us unique customer and consumer insights, and our extensive portfolio of telecommunication solutions and intellectual property offer a true business advantage. We are committed to working with our customers
and partners to expand the borders of telecommunications for the benefit of people everywhere. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>OUR VISION </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our vision is to be the prime driver in an all-communicating world. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">This means a world in which all people can use voice, data, images and video to share ideas and information whenever and wherever they want. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>WHY INVEST IN ERICSSON? </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Global leader </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We are a leading supplier of systems and services to most of the world&#146;s largest mobile and fixed network operators. Ericsson has a long history of
innovation and an industry-leading R&amp;D program that focuses on being first to market with new solutions based on open standards. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Solid financial
performance </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2006 is the third consecutive year in which Ericsson has reported good sales growth and best-in-class operating margin.
Cash flow before financial investing activities was SEK -2.6 billion. Excluding major acquisitions/divestitures, we generated however a healthy cash flow from operations of SEK 12.2 billion. The dividend has increased over each of the past two years
and the Board has proposed a further 11 percent increase for 2006. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Long-term growth </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We are gaining market share in mobile and fixed networks as well as in services. Our professional services business is experiencing particularly strong
growth and generating a return on capital employed well above the group average. Moreover, we anticipate that our Sony Ericsson joint venture, our industry-leading patent portfolio and our newly-formed multimedia business unit will increasingly
contribute favorably to our overall financial performance. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>KEY ACHIEVEMENTS 2006 </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>We were awarded contracts to build mobile networks</B> in many areas of Asia, Africa and the Middle East, bringing telecoms to millions of people for
the first time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Fixed-line operators, </B>including T-Com and Telefonica, increasingly selected our broadband access and optical
transmission solutions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>We won 23 new IMS</B> (IP Multimedia Subsystem) contracts for fixed and mobile networks and led the industry
forward by putting six new IMS networks into commercial operation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>We deployed our one millionth microwave</B> MINI-LINK used to
transport traffic in mobile and fixed networks. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">3 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We exceeded our goal to <B>reduce R&amp;D lead times</B> by an additional 20 percent during the year. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Our 3G (WCDMA/HSPA) solution was selected by leading operators</B> around the world including eMobile and Softbank (Japan), AT&amp;T and T-Mobile (US)
and Telstra (Australia). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>We extended our lead in services,</B> now supporting networks with one billion subscribers. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Vodafone Group named us <B>Supplier of the Year</B> and designated us as a preferred IMS supplier. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our solution for fixed broadband access (VDSL2) was named <B>Best Access Technology</B> at Broadband World Forum 2006. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Our acquisition and successful integration </B>of Marconi further strengthened our ability to deliver end-to-end solutions. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">4 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>TO MY FELLOW SHAREHOLDERS, </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">2006 was a year of great change, enabling us to capture current opportunities and open the door to new ones. Our 17 percent sales growth outpaced the industry and extended our leading position in systems and services. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Change Creates Opportunities </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our market leadership
and scale advantage have stimulated increased merger activity among our main competitors. We believe that this is a positive development, as over the long term this will create fewer but stronger competitors and a healthier market. Our
customers&#146; needs are also changing as they move toward all-IP networks and high-speed broadband. Our recent reorganization and the acquisitions of Marconi in 2006 and Redback Networks in 2007 have put us in a stronger position than ever to
address the evolving needs of the world&#146;s leading operators. Our ability to lead the telecommunications industry through times of change is one of our greatest strengths and has made Ericsson a driving force behind the industry&#146;s evolution
for the past 130 years. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The world of communications is driven by consumers&#146; desire for mobility and broadband. Today, there are more
than 2.7 billion mobile subscriptions in the world, and in a few years this figure is expected to pass four billion, fueled by high-growth markets. As most of these markets have limited fixed-line networks, the mobile networks will be the way for
many new subscribers to access the Internet for the first time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We rolled out almost one half, and the vast majority in terms of users, of
all HSPA mobile broadband networks that were put into commercial service during 2006, enabling our customers to launch a new generation of mobile data services. The combination of rapid subscriber growth, increased usage, and new applications, such
as Internet surfing, music downloads and mobile TV, will require ongoing operator investments to improve network coverage, capacity and functionality. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>The Prime Driver in an All-Communicating World </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">By supporting operators to expand their mobile and fixed networks to reach a
broader population, we are helping to improve quality of life, spur socio-economic development, and foster mutual understanding. By evolving and improving the networks, and bringing new multimedia services to market, we are also creating a world in
which all people can have access to information, entertainment, social communities and more, whenever and wherever they want. At the same time, our Sony Ericsson joint venture is introducing feature-rich and attractive mobile handsets to facilitate
simple use of these services. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Striving for Operational Excellence </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">These achievements would not have been possible without our focus on operational excellence. By identifying best practices in key dimensions of our operations and striving to work smarter and gain a better
understanding of customer needs, we have fostered an environment dedicated to serving our customers better than anybody else. Ericsson is a company of outstanding talent. I take pride in our employees and the work that we do around the world. As we
close the book on 2006 and enter 2007, I am excited about the prospects for telecommunications and the significance our industry plays in global development. Supplying the technology and services that enrich the everyday lives of billions of people
around the world&#133; what a fantastic company to work for! </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Carl-Henric Svanberg </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">President&nbsp;&amp; CEO </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">5 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>OUR BUSINESS FOCUS 2006 </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>1. REACHING
MORE PEOPLE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson brought telecommunications to more people in more parts of the world than ever before, deploying rural networks
and boosting capacity in many high-growth markets. The number of global subscriptions grew by a record 500&nbsp;million, ending the year at 2.7 billion. Our cost-efficient and scalable solutions require fewer radio sites while maintaining
high-quality network performance. In this way, we help our customers to reduce their operating costs, enabling them to expand coverage to reach more users in new geographic areas. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>2. INCREASING SPEED AND CAPACITY </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our fixed and mobile broadband solutions dramatically improve
network speed and capacity. Network evolutions are enhancing quality of service and enabling operators to launch new data services for their subscribers. On the mobile side of the business, we have supplied 46 of the 96 3G/HSPA (high-speed packet
access) networks launched to date. On the fixed side, we delivered IP-DSL networks to more than 100 customers around the world during 2006, putting Ericsson among the global leaders in broadband access. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>3. PREPARING FOR THE FUTURE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">With the introduction of
broadband access, subscribers can enjoy a wide variety of multimedia applications. To accommodate this traffic, however, many operators will have to overhaul their core networks as well. During 2006, Ericsson took the lead in supporting operators to
prepare their networks for an all-IP environment by deploying softswitch, IMS, and optical and microwave transport solutions. We also worked with partners via Ericsson Mobility World to bring new multimedia content to the mobile environment.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>4. EXPANDING OUR ROLE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">By providing
operators with innovative offerings and reducing their cost of operations, we support our operators in evolving their businesses. We are taking increased responsibility as a prime integrator and managed services partner for our customers. Our 24,000
service professionals in more than 140 countries provide local competence and global expertise in consulting, network rollout, systems integration, managed services, education and support. In 2006, we provided 24-hour network support for one billion
subscribers. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Opportunities in a converging world </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Many of the world&#146;s leading operators are beginning to converge their mobile and fixed networks into one. For consumers this means a richer experience with easier access to a wide range of content and
applications. For operators it means reduced costs and shorter time to market with new services. This, in turn, creates new opportunities for suppliers, like Ericsson, with both mobile and fixed expertise. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">During 2006, we complemented our established leadership in mobility by strengthening our fixed-line portfolio. Our technology leadership, global
presence, consumer understanding and extensive experience in integrating and managing networks make Ericsson an attractive partner for operators seeking support to reliably and cost-effectively evolve their networks to accommodate multiple
technologies. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Same services on all devices </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">IP Multimedia Subsystem (IMS) is the key that enables subscribers to access the same content and services from a multitude of devices. We are the world&#146;s leading supplier of IMS with 34 contracts for commercial
launch and more than 70 trials. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">6 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>An impressive customer base </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">We serve a broad base of more than 600 customers in over 175 countries, including the largest mobile operators in Europe, North America, Latin America, Asia, Middle East and Africa. The world&#146;s ten largest operators are all our
customers and together represent almost 50 percent of all mobile subscriptions worldwide. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Diversity Reduces Risk </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The diversity of our customer base and the broad appeal of our offerings are reflected in the fact that, during 2006, no single customer accounted for
more than 7 percent of Group sales. Our sales were also evenly divided between emerging and developed markets. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Winning New Business
</I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We continued to expand our addressable market and gain market share, with 48 new and expanded agreements for supply of network
equipment and/or services during the year. Recent acquisitions will enable us to expand our offerings even further, enhancing our ability to attract new customers and to deliver increased value to the many we already serve. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">7 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>THE ERICSSON ADVANTAGE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>1. DEDICATION
TO LONG-TERM CUSTOMER RELATIONSHIPS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We have been present in most of our markets for more than 100 years, building strong, long-term
relationships with the world&#146;s leading operators. Our significant scale advantage, end-to-end offerings and a local presence in every major market enable us to serve as a true partner for cost-effective delivery of solutions and support to a
diverse base of customers. As operators are increasingly reducing the number of different suppliers they rely on, the responsiveness of our employees and the power of our portfolio of products and services that have built a trust over many decades,
will be key to our future success. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>2. COMMITMENT TO TECHNOLOGY LEADERSHIP </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson has earned a reputation for innovation and technology leadership by developing open standards and bringing reliable, cost-effective network
solutions to market. Our early involvement in creating new technologies often enables us to be first to market with new solutions&#151;a distinct competitive advantage for operators that choose us as their primary supplier. Our extensive portfolio
of approximately 22,000 patents covers a variety of fixed and mobile technologies, including GSM and WCDMA&#151;the technologies that connect more than 80 percent of the world&#146;s mobile subscribers. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>3. PASSION FOR OPERATIONAL EXCELLENCE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our mission to
take our customers forward in the best possible way requires simple, efficient and effective processes that consistently yield high-quality products and services with low cost of ownership. This, combined with our core values of professionalism,
respect and perserverance, are key to our ways of working. During the past three years, our emphasis on operational excellence has enabled us to increase sales without increasing operating expenses at the same rate. Furthermore, we reduced R&amp;D
lead times in 2006 by more than 20 percent. As a result, we can bring products to market faster than ever at a lower R&amp;D cost. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">8 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>OUR PRODUCTS AND SERVICES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>SEGMENT
SYSTEMS: MOBILE AND FIXED NETWORKS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Mobile access </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Ericsson is the global leader in the area of 2G (GSM) and 3G (WCDMA/HSPA) mobile networks. By deploying our scalable Ericsson Expander solutions in new coverage areas, operators can profitably serve low-spending users
as the total cost of ownership is at least 30 percent lower. More than 40 percent of the operators who have begun rolling out mobile broadband technology have chosen Ericsson&#146;s WCDMA/HSPA radio network. This evolution from GSM to HSPA means
that tasks which once took minutes to accomplish in the mobile network (e.g. downloading a song) will now take seconds. GSM and WCDMA/HSPA share a common core network, meaning that previous investments are preserved as operators transition from
voice-centric to multimedia networks. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We are now actively involved in the development of standards for the Long-Term Evolution (LTE) of 3G
which will further enhance the consumer experience. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Fixed broadband access </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The acquisition of Marconi strengthened our IP-DSL offering for fiber- and copper-based broadband access networks. The expansion of our fixed broadband
offering has been an important step in reinforcing our ability to address network operators as they begin integrating their fixed and mobile networks. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>IP core network (switching, routing, control and transport) </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The evolution to Internet Protocol (IP) starts in the core. Our
core network solutions include industry-leading softswitch, IP infrastructure, IMS, media gateways and microwave and optical transport solutions to provide cost-effective management of voice and data traffic. Our acquisition of Redback Networks will
further strengthen our IP product portfolio. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Multimedia services and applications </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A broadband network with an IP core provides operators with almost everything they need to begin offering multimedia services. The last pieces of the
puzzle are multimedia applications and devices to attract subscribers, increase usage and generate revenues. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">While multimedia applications
and content have flourished in the world of fixed communications, operators are just now beginning to launch attractive features for the mobile subscriber. Our ability to understand the needs of consumers and enterprises, and our relationships with
content and application partners enable us to deliver such solutions and drive the future of mobile multimedia. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Working end-to-end </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Sony Ericsson&#146;s cutting-edge multimedia handsets and our handset technology platforms and global services team complete our end-to-end proposition.
By ensuring that all elements of the communication chain&#151;the phone, the access and core networks, the applications and the services&#151;work together, we provide a powerful offering for our customers. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">9 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g94v62.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g16o33.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g16m35.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">10 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>SERVICES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">By outsourcing
certain activities to Ericsson, operators can focus on their core business of attracting, serving and retaining customers. We realized the strategic importance of services early on, and by the end of the 1990s we were the first supplier to form a
services business unit. Today, our services organization leads the industry with 24,000 professionals in 140 countries. We use our experience, skills and scale to support customers in growing their business. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Professional services </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Managed services
</I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We provide high-quality operations of fixed and mobile networks at a predictable cost. In addition, as a leading provider of hosting
solutions, we enable operators to launch multimedia services in a simple, fast and cost-effective manner. We are the industry leader in managed services, managing networks with more than 100&nbsp;million subscribers. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Systems integration </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Operators can
minimize risk by engaging Ericsson to integrate equipment from multiple suppliers and handle technology change programs, as well as to design and integrate new solutions. More and more operators who face challenging technology transformations or
introductions of multimedia services are asking us to serve as a prime integrator. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Consulting and education </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As technologies and business models become more complex in the evolution towards broadband and all-IP, our customers rely on our consultants to support
them in selecting technologies, identifying multimedia services for growth and developing the competence of their employees. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Customer
support </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Having experienced professionals available around-the-clock to provide customer support is a crucial part of our service
offering. Giving advice on how to maximize efficiency in day-to-day operations ensures network uptime and lowers total cost. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Network rollout
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our ability to effectively roll out networks generates significant revenues. In 2006, we raised the bar on network rollout efficiency,
launching the world&#146;s geographically largest national HSPA network for Telstra (Australia) in only ten months. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">11 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g29v60.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g94f09.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g95j25.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g67d40.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">12 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>SEGMENT OTHER OPERATIONS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Ericsson provides several other important and complementary technical solutions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The units included in Other Operations are small
but strategically important. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Ericsson Mobile Platforms </B>is a leading supplier of technology platforms (GSM/GPRS, EDGE and
WCDMA/HSPA) for mobile handsets and PC cards. During 2006, more than 17&nbsp;million 3G/WCDMA handsets were based on our technology. We currently license these platforms to 19 handset providers, enabling them to launch new products faster, with
lower technology risks.<B> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Ericsson Network Technologies (Cables)</B> is a leading provider of copper and fiber cables for
telecommunications and power networks. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Ericsson Enterprise</B> provides communications systems and services that enable businesses,
public entities and educational institutions to have seamless access to applications and services across multiple locations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Ericsson
Power Modules</B> is a leading supplier of DC/DC power converters and regulators, mainly to the communications industry. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Ericsson
Microwave Systems</B> was sold to Saab AB in September 2006. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">13 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>A RECORD YEAR FOR SONY ERICSSON </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Sony Ericsson Mobile Communications is a 50/50 joint venture, combining Ericsson&#146;s technology leadership with Sony&#146;s consumer electronics expertise to create a powerful partnership that brings innovative products to market and
provides us with a valuable link to the consumer. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>A record year </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">In 2006, Sony Ericsson Mobile Communications celebrated their 5th anniversary by delivering
record-breaking results. Sony Ericsson reported 46 percent unit growth, 51 percent sales growth and profits that more than doubled. The joint venture&#146;s success is partly attributable to its broadened portfolio, including the introduction of the
3.2 mega pixel Cyber-shot</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>TM</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> imaging phone and a wide range of Walkman<FONT FACE="Times New Roman" SIZE="1"
COLOR="#000000"><SUP>&reg;</SUP></FONT> music phones. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>A complete product portfolio </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">While Sony Ericsson&#146;s multimedia Cyber-shot<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>&#153;<FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></SUP><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></FONT> and Walkman<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>&reg;<FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></SUP><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></FONT> line-up captured most of the headlines, the joint venture shipped more than 75 different phones in all during the year, including a wide variety of models in the mid- and entry-level
segments. Over recent years, Sony Ericsson has developed into a full portfolio player and this is reflected in their market share gain during 2006. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>3G
phones </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Some of Sony Ericsson&#146;s best selling WCDMA phones during 2006 were the K800, K610 and W850. The success of these
feature-rich and attractively designed 3G models has enabled Sony Ericsson to capture a market share in 3G that is almost double its position in the overall market. This is promising for the future as 3G phones are expected to represent a much
larger share of the market in the years ahead. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Gaining share in a growing market </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Sony Ericsson&#146;s ability to differentiate itself with attractive, feature-rich phones has enabled the joint venture to enter 2007 with strong
momentum. The popularity of Sony Ericsson&#146;s high-end models has generated brand awareness across the portfolio, encouraging more users in all categories to choose Sony Ericsson as their brand of choice. With more than 980&nbsp;million handsets
sold industry wide in 2006 and the market expected to break the one billion mark in 2007, Sony Ericsson is well positioned to capitalize on continued market growth. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Cyber-shot&#153; is a trademark of Sony Corporation </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">WALKMAN<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>&reg;<FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></SUP><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></FONT> is a registered trademark of Sony Corporation </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">14 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g42k30.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g45d32.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g28d55.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">15 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>AN ALL-COMMUNICATING WORLD </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>&#151;MORE PEOPLE COMMUNICATING IN MORE WAYS </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Communication for all </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Following the record growth in new mobile subscriptions during 2006, we expect that the total number of mobile subscriptions will surpass three billion
already in 2007. This rapid growth is possible thanks to the introduction of cost-effective solutions, such as Ericsson Expander. This far-reaching and scalable radio base station enables operators to profitably launch networks in sparsely populated
or developing areas that typically generate ARPU (average revenue per user) well below USD 10. We also offer solutions that enable operators to enhance capacity without having to add new radio base stations. Apart from being a case for good
business, these solutions enhance quality of life by helping to eliminate the impact of distance and to establish the foundation for more advanced data services. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Taking broadband mobile </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">During the past ten years, the Internet has revolutionized the world, connecting more than a
billion homes and offices into one massive global network. In the early 1990s, analog modems and narrowband dial-up connections made surfing the web and downloading content possible but often frustrating due to slow response times over these
connections. Then came digital subscriber lines and broadband! </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Fixed broadband is today expanding its reach throughout the world, and as
it does, an exciting thing has happened&#133; broadband has broken away from the home and office and is going mobile! In 2006, the number of 3G/WCDMA subscriptions nearly doubled to approximately 100&nbsp;million globally. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We anticipate that this figure will grow significantly over the next five years. The traffic increase in fixed broadband networks will be greater still.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Multimedia </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Thanks to HSPA and the
transformation to all-IP networks, the mobile broadband genie is out of the bottle and there is no end to what it can do: high-speed downloads of music, photos, streaming television and other multimedia applications. Operators are making great
strides in this area as they seek to introduce attractive offerings and generate increased revenues in a very competitive marketplace. In 2006, the multimedia market was estimated to be approximately USD 25 billion and is expected to exceed USD 100
billion by 2011. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our end-to-end approach includes our Consumer and Enterprise Lab, through which we conduct more than 20,000 face-to-face
interviews annually, providing valuable insights for ourselves and our customers. It also includes our access to unique content through the more than 250,000 developers linked to Ericsson Mobility World. These assets combined with our network and
handset technology expertise and our charging, messaging and provisioning solutions put us in a very strong position to support operators in launching the new services needed to capture the multimedia opportunity. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">16 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>LEADING, CHANGING, GROWING </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Ericsson has led the evolution of telecommunications. From the introduction of fixed-line networks in the late 1800s to fixed and mobile broadband today, we have built an unparalleled track record that is a result of our ability to predict,
respond to and capitalize on change. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As of January&nbsp;1, 2007, we have realigned our organization to reflect market trends, strengthen
our leadership and expand our market reach. Through efficiently applying our resources into three key business units we are sharpening our focus on the markets that we believe will enable us to capture emerging opportunities and best meet the needs
of our global customer base. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Business Unit Networks</B>&#151;With our robust portfolio of mobile and fixed broadband access
technologies, core networks, transport and next-generation IP networks, we will effectively meet the coverage, capacity and network evolution needs of our customers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2"><B>Business Unit Global Services</B>&#151;Our expertise in network roll-out, consulting, education, integration, customer support and managed services enables us to capitalize on the trend among operators to outsource
a broader range of activities to network suppliers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Business Unit Multimedia</B>&#151;Our applications and content management solutions
help our customers to increase their sales. Ericsson Mobility World brings a broad array of music, images, games and global positioning applications to operators and to their subscribers. Ericsson Consumer and Enterprise Lab and the complementary
strengths of Sony Ericsson Mobile Communications further enhance our consumer perspective for superior end-to-end offerings. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>NETWORKS </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;Ericsson has been #1 in mobile networks for many years and has now re-emerged as a leading contender in fixed networks as well. This has enabled
us to expand our business with existing customers and to enter into important new relationships with others. In the years ahead, fixed and mobile broadband will be deployed in more and more areas of the world and Ericsson Networks will be a driving
force behind this evolution.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Kurt Jofs </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Executive
Vice President </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>and head of Business Unit Networks </I></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>GLOBAL SERVICES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;Whether measured by numbers or by performance, we are the global leader in both professional services
and network roll-out. In 2006, operators spent an estimated USD 61-65 billion on services and the market has shown consistent growth over the years. Our ability to support our customers in growing their business and in significantly reducing network
operations costs explains why our services are in such high demand. With our services offering, our customers gain significant efficiencies.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Hans
Vestberg </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Executive Vice President </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>and head of
Business Unit Global Services </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">17 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>MULTIMEDIA </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;The
future is here and now&#151;it&#146;s about music on the move, mobile TV, Internet and e-mail access wherever you want it. Ericsson is helping to drive the multimedia experience by enabling our customers to develop successful businesses that
energize consumers&#146; lives by providing rich, exciting, differentiated content. Our innovative technology, application platforms, cutting-edge Sony Ericsson phones and relationships with leading content developers and application providers make
us a valuable partner for operators and other industry players seeking to access more revenue streams.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Jan W&auml;reby </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Senior Vice President </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>and head of Business Unit Multimedia
</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">18 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>QUESTIONS AND ANSWERS </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Why is
Ericsson expanding headcount? </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As a knowledge company, our employees are our greatest asset. During the year we added a net of 7,726
employees. This increase was primarily a result of the Marconi acquisition and the remaining additions were largely in Services to accommodate the 33 percent growth in that area. Going forward we expect to increase our headcount in line with our
business needs. We have already announced plans to hire 500 new research engineers over the next few years to further strengthen Ericsson&#146;s technology leadership and accelerate research, especially in the area of IP-networks and multimedia
technology. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>What is Ericsson&#146;s acquisition strategy? </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Over the past three years we have consistently grown our business faster than the market while maintaining best-in-class profitability. This has been achieved primarily through organic growth, complemented by bolt-on
acquisitions that have brought us cutting-edge technology or expertise. Going forward our strategy remains the same. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>What is Ericsson&#146;s most
significant challenge going forward? </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Keeping pace with change, bringing cost-efficient, revenue-generating solutions to market, and
meeting the needs of our customers better than our competitors are our primary challenges and key to our future success. Although we have been a telecommunications leader for many decades, this industry is always evolving and we must evolve along
with it if we are to stay in the lead. The last 20 years have seen tremendous growth in mobile subscriptions. Looking to the future, the pace of new subscriber additions will eventually slow and growth will need to be driven in new ways. Growing
minutes of use and a rapid increase in both mobile and fixed broadband data traffic are changing our business. Our recent acquisitions have expanded our technology portfolio and our growing services business will play an even more important role in
meeting the challenges in the future. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>What is Ericsson&#146;s Intellectual Property position? </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">With around 22,000 patents, we believe that we hold leading patent portfolios in a number of key technology standards including GSM, EDGE, WCDMA, HSPA and
MBMS. We also hold strong portfolios of essential patents in a variety of other fixed and mobile technologies including Voice over IP (VoIP), ATM, WAP, WiMAX, WLAN and TD-SCDMA. These patents are very valuable, reducing our cost and creating an
additional source of income for our Company. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>What does Ericsson mean by Operational Excellence? </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At Ericsson we use the term operational excellence to refer to our philosophy of striving to do things smarter today than yesterday and to do it in a
smarter way than our competitors. By driving excellence and innovation in everything that we do, we create a competitive advantage. Much was achieved through operational excellence in 2006, including improved R&amp;D lead times and the successful
integration of Marconi operations. We also reorganized our operations into three business units, creating a more customer-oriented organization and paving the way for continuous efficiency improvements in the years ahead. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>How will Ericsson utilize its net cash of SEK 40.7 billion? </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Maintaining a strong cash position is essential to us and we intend to keep it at a robust level for the foreseeable future. Our cash provides us flexibility in this competitive and capital-intensive business. It will be used to fund
organic growth, to execute large network projects, to provide selective customer financing, to make bolt-on acquisitions, and to pay the annual dividend to shareholders. The dividend payout has increased from SEK 0.25 for 2004, to SEK 0.45 for 2005
and the Board has proposed a dividend of SEK 0.50 for 2006. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">19 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>CORPORATE RESPONSIBILITY </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;OUR
CONTRIBUTION TO A BETTER WORLD </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Corporate Responsibility is about building enduring value&#151;economic, environmental and
social&#151;for our Company and our stakeholders. Our goal is to generate positive business impacts and ensure that controls are in place to minimize risks. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>GENERATE POSITIVE BUSINESS IMPACTS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We are committed to solutions that increase our own and our customers&#146; positive
impact on the planet. During 2006: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">We introduced new &#147;green site&#148; concepts, promoting the use of a variety of renewable energy sources to power our radio base stations. We announced our
pioneering biofuel project with pan African-operator MTN and the GSMA Development Fund in Nigeria. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ericsson Consumer and Enterprise Lab conducted studies in Kenya and Nigeria, deepening the industry&#146;s understanding of how mobile communications can serve as a
major catalyst of socio-economic development in very low-income villages. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">We are driving market penetration and subscriber growth in emerging economies by introducing new technologies and business models which lower operators&#146; costs
of network rollout in rural and low-income areas. In this way, we are narrowing the &#147;digital divide&#148; by increasing the accessibility and affordability of services. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ericsson Response, our employee volunteer disaster relief program, provided on-the-ground support in Pakistan for nine months following the devastating earthquake.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">As one of the founding partners of the KTH Center for Sustainable Communications in Sweden, we are exploring the role of advanced communication technologies in a
sustainability context. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>MINIMIZE RISKS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Our approach ensures that controls are in place to deepen stakeholder trust and to minimize operational risks. </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Our Code of Business Ethics outlines expectations Ericsson has on its employees. This Code is periodically reviewed, and in 2006 all employees were asked to review
and acknowledge understanding of this Code. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ericsson was an early signatory to the UN Global Compact principles which cover human rights, fair labor practices, environment and anti-corruption. These
principles are reflected in our Code of Conduct and are valid for all employees and all suppliers. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">During 2006, we completed a pilot project using a risk-based approach to the Code&#146;s implementation to evaluate supplier performance and to reduce operational
risks. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">We joined the Business Leaders Initiative on Human Rights (BLIHR), a business-led initiative designed to help lead and develop the corporate response to human
rights. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ericsson is in compliance with the EU Directive on Restriction of the use of certain Hazardous Substances in Electrical and Electronic Equipment (RoHS).
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">We have begun global implementation of our Ecology Management Provision (first introduced in 2002), offering take-back of customers&#146; decommissioned equipment
for all products, in all markets. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ericsson&#146;s goal is to exceed the European Union&#146;s WEEE (Waste Electrical and Electronic Equipment) Directive&#146;s ambition of recycling or reusing 75
percent of equipment taken back and ensure that less than 25 percent ends up in landfill sites. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">20 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>
<A NAME="rom36434_3"></A>LETTER FROM THE CHAIRMAN OF THE BOARD </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Dear Shareholder, </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Five years ago, Ericsson embarked on an important process of change. It started with the formation of the Sony Ericsson Mobile Communications joint
venture, followed by an extensive revamping of Ericsson&#146;s entire operations. Today these actions have resulted in a powerful and unique combination of scale and diversity. In 2006, Ericsson reported record profits and Sony Ericsson marked its
fifth anniversary with record shipments, sales and income. This transformation would not have been possible without strong shareholder support, particularly the positive response to Ericsson&#146;s stock issue in 2002 that provided the financial
security to successfully complete the change process. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our ambition is to return value to shareholders in the most sustainable way. This
requires maintaining a strong balance sheet for the financial flexibility to capture opportunities and further strengthen Ericsson&#146;s market position. Organic growth is the Company&#146;s primary intention but acquisitions to speed time to
market may be necessary. You can be assured that we will rigorously apply the management oversight needed to ensure acquisitions are in line with Ericsson&#146;s needs and means. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Today&#146;s telecommunications market is both promising and challenging, offering opportunities that are bigger but also more demanding than in the
past. The market is more global; with customers as well as competitors becoming more concentrated and stronger. Ericsson must continuously adapt to such market dynamics if it is to continue its leadership and management has done a good job to make
sure Ericsson is strategically, operationally and financially prepared for a new stage of development. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The underlying strength of Ericsson
is the quality of the work-force. Their commitment to Ericsson&#146;s core values and willingness to embrace change underpins the outstanding results achieved this year. On behalf of the Board of Directors, I would like to express our appreciation
to all employees for their dedicated efforts and special contributions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The ability to attract and retain the best talent at all levels of
the Company, especially in leadership roles, is crucial to Ericsson&#146;s growth and future performance. Executive compensation is one of the most widely debated issues in business today and suitable remuneration is important to the Company.
Ericsson&#146;s executive compensation must be competitive and reflect the high demands we put on the Company&#146;s leadership. We believe the compensation plan that the Remuneration committee oversees with the assistance of external experts is
fair, robust and in line with industry norms. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Board is committed to ensuring that Ericsson&#146;s governance framework supports the
Company&#146;s main purpose of shareholder value creation. Enhancements made during the year are described in the Corporate Governance Report which I encourage you to read. Along with the Company&#146;s executive management, we continue to foster
Ericsson&#146;s culture of integrity, respect and professionalism; integral parts of effective governance. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Your Board of Directors has
been particularly busy during 2006, meeting 10 times on a broad range of issues from acquisitions to strategies to a new organization for the Company. In addition we had a number of training sessions including R&amp;D, Human Resources and Corporate
Responsibility. We will continue our work with a commitment to progressively enhance the Company&#146;s performance for the benefit of the employees, for society in general and, of course, for all Ericsson shareholders. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">21 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The telecom industry is one with long-term growth prospects and one that has an increasingly positive effect on our daily
lives. As the world&#146;s leading supplier of communications networks and services, Ericsson has a vital role in the industry and I am proud to be associated with such an exciting company. I thank you for allowing me this privilege. </FONT></P> <P
STYLE="margin-top:24px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Yours sincerely, </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px">

<IMG SRC="g36434g20y21.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Michael Treschow </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2"><I>Chairman of the Board</I> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">22 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>
<A NAME="rom36434_4"></A>THREE-YEAR SUMMARY </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>SEK million</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005<SUP>1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004<SUP>2)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>177,783</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">151,821</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">131,972</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Operating income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>35,828</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33,084</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">26,706</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;operating margin</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>20.2</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21.8</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">20.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Financial net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>165</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">251</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#150;540</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>26,436</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24,460</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">17,836</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Year-end position</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>214,940</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">209,336</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">186,186</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Working capital</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>82,926</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">86,184</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">69,268</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capital employed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>142,447</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">133,332</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">115,144</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Property, plant and equipment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>7,881</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,966</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,845</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stockholders&#146; equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>120,113</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">101,622</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">80,445</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Minority interests</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>782</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">850</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,057</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Interest-bearing liabilities and post-employment benefits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>21,552</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">30,860</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33,643</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Other information</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Earnings per share, basic, SEK</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>1.65</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.53</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.11</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Earnings per share, diluted, SEK</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>1.65</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.53</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.11</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Cash dividends per share, SEK</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>0.50</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.45</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.25</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stockholders&#146; equity (SEK per share)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>7.56</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.41</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.08</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Number of shares (in millions)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;outstanding, basic, at end of period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>15,881</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15,864</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15,832</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;average, basic</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>15,871</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15,843</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15,829</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;average, diluted</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>15,943</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15,907</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15,895</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additions to property, plant and equipment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>3,827</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,365</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,452</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Depreciation on property, plant and equipment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>3,007</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,804</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,434</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">R&amp;D and other technical expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>27,921</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24,454</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">23,421</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;as percentage of net sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>15.7</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16.1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">17.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Ratios</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Return on equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>23.7</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">26.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Return on capital employed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>27.4</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">28.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">26.4</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equity ratio</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>56.2</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">49.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">43.8</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capital turnover</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>1.3</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Inventory turnover</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>5.1</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Trade receivables turnover</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>3.9</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Return on sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>21.3</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">23.5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">22.9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Payment readiness, SEK million</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>67,454</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">78,647</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">81,447</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;as percentage of net sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>37,9</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">51.8</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">61.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net cash, SEK million</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>40,728</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">50,645</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">42,911</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Statistical data, year-end</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Number of employees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>63,781</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">56,055</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">50,534</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;Of which in Sweden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>19,094</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21,178</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21,296</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Export sales from Sweden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>98,694</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">93,879</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">86,510</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Ericsson has adopted the new option in IAS 19 from January&nbsp;1, 2006. 2005 has been restated accordingly. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">2004 has been restated in accordance with IFRS, using the optional exemptions in IAS 39. Selected financial data for 2003 and 2002 have been omitted because such information cannot
be restated in accordance with IFRS without unreasonable effort and expense. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">23 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Working capital:</B> Current assets less current non-interest-bearing provisions and liabilities. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Capital employed:</B> Capital employed is defined as total assets less non-interest-bearing provisions and liabilities. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Earnings per share:</B> See Notes to the Consolidated Financial Statements&#151;Note C1, &#147;Significant Accounting Policies&#148;, for information
on principles for calculation of earnings per share. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Cash dividends per share</B>: Defined as dividends paid divided by average number
of shares, basic. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Stockholders&#146; equity (SEK per share):</B> Defined as Stockholders&#146; equity divided by the Number of shares
outstanding, basic, at the end of the period. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Return on equity:</B> Defined as Net income as a percentage of average Stockholders&#146;
equity (based on the amounts at January&nbsp;1 and December&nbsp;31). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Return on capital employed:</B> Defined as the total of Operating
income plus Financial income as a percentage of average capital employed (based on the amounts at January&nbsp;1 and December&nbsp;31). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><B>Equity ratio:</B> Defined as Equity, expressed as a percentage of total assets. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Capital turnover:</B> Net sales divided by
average Capital employed. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Inventory turnover:</B> Cost of Sales divided by average Inventory. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Accounts receivable turnover:</B> Net sales divided by average Accounts receivable. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Return on sales:</B> Operating income plus Financial income expressed as a percentage of Net Sales. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Payment readiness:</B> Defined as cash and cash equivalents and short-term investments less short-term borrowings plus long-term unused credit
commitments. Payment readiness is also shown as a percentage of Net Sales. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Net cash:</B> Defined as cash and cash equivalents plus
short-term cash investments less interest-bearing liabilities and post-employment benefits. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Compound annual growth rate (CAGR):</B>
Used to describe the growth rate over a period of time. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">24 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>
<A NAME="rom36434_5"></A>BOARD OF DIRECTORS&#146; REPORT </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><I>This Board of Directors&#146; Report contains a discussion and analysis of
Ericsson&#146;s consolidated financial statements and operational results. This report also includes forward-looking statements regarding a variety of matters including future market conditions, strategies and anticipated results. Such statements
are based on assumptions and estimates, which are subject to risks and uncertainties. Actual results could differ materially from those described or implied by such forward-looking statements. For further discussion, please see &#147;Forward-looking
Statements&#148; and &#147;Risk Factors.&#148; </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><I>The terms &#147;Ericsson&#148;, &#147;Group&#148;, &#147;the Company&#148;, and
similar all refer to Telefonaktiebolaget LM Ericsson and its subsidiaries. Unless otherwise noted, numbers in parenthesis refer to prior year, i.e. 2005. </I></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>SUMMARY </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson performed well in 2006, increasing sales 17 percent and generating operating income of SEK 35.8
(33.1)&nbsp;billion and a cash flow before financial investing activities of SEK&#151;2.6 (11.3)&nbsp;billion. Excluding the Marconi and Netwise acquisitions and the divestiture of the defense business, the cash flow was SEK 12.2 billion.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In addition to delivering solid financial results, Ericsson also made good progress in strategically important areas, strengthening the
Company&#146;s position within the Systems segment business in a number of related areas such as mobile and fixed broadband and professional services. Services sales in particular showed strong growth, and we believe that scale for continued
profitable growth has now been established. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Marconi acquisition was completed with the acquired operations integrated and
profitability established before year end. The combined Ericsson and Marconi business has secured several significant new contracts as a result of the expanded product line. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson&#146;s leading systems position was further expanded with a number of major contracts for new mobile network deployments in all regions of the
world, including in Australia, Brazil, India, Japan and the United States. The development in China was unfavorably affected by the timing and operator investment requirements for 3G licenses. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">During the year, 48 new or expanded agreements to supply network equipment and/or related services to operators around the world were publicly announced
by the Company. This compares with 78 in 2005, 59 in 2004 and 58 in 2003. Although the number of contract announcements was lower this year than in the previous three years, the aggregate value of orders from these agreements along with existing
ones lifted our order backlog for systems to the highest level in four years. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Sony Ericsson Mobile Communications joint venture showed
record performance, profitably gaining market share and ending the year as the fourth largest mobile device supplier with strong momentum toward their ambition of becoming a top three mobile phone supplier. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">25 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Company&#146;s progress during 2006 indicates that the strategy of maintaining a healthy balance between profit and
growth has already strengthened Ericsson&#146;s prospects for a number of opportunities in growth areas such as services and next-generation networks for fixed and mobile operators. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"
ALIGN="center">

<IMG SRC="g36434g14b91.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>MARKET ENVIRONMENT AND TREND INFORMATION </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">2006 was a record year in terms of new mobile subscriptions: some 500 (450)&nbsp;million new mobile subscriptions and approximately 980 (800)&nbsp;million mobile phones were sold. The network equipment market also
developed positively during 2006, particularly for mobile systems, fixed broadband access and optical transmission. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Price competition was
especially intense this year regarding strategic pricing necessary to win certain new contracts. However, with the merger of several of our competitors, we expect pricing going forward to be more in line with historical trends. The historical
price/performance trend in both mobile phones and network infrastructure has significantly expanded the addressable market with resulting unit volume increases more than offsetting lower average selling prices. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Although GSM represents the majority of the systems market, growth of GSM is slower than 3G/WCDMA, which is accelerating. The market for new GSM networks
is mainly in emerging markets, especially Asia, Africa and Latin America. If the current trend continues, the market for 3G/WCDMA will surpass that of GSM within the next several years. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The ongoing equipment supplier consolidation is a healthy process, driven by the competitive need for critical mass in R&amp;D, production and support.
As a market leader, Ericsson&#146;s expansion strategy is based on organic growth supplemented with complementary acquisitions. With Ericsson&#146;s scale advantage within mobile systems exposed to potential reduction, the Company will increasingly
focus on innovation and operational excellence as well as expansion of fixed networks and professional services sales along with new areas within multimedia. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Operator consolidation continues to be a key trend in a number of regions. In the Americas, significant operator consolidation has occurred with the number of operators reduced by more than half over the last several
years. One result of this consolidation is that a number of operators in Latin America have chosen the GSM/WCDMA technology track, where Ericsson is the market leader. In Europe, we see an acceleration of cross-border expansion as operators there
seek revenue growth and economies of scale. In other regions, operator consolidation is ongoing with the emergence of a number of rapidly growing pan-regional operators. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Increased usage driven by new mobile subscriptions, mainly in emerging markets, and accelerating deployments of 3G networks around the world generated growth in the mobile systems market. At year-end, the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">26 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">2.7 billion mobile subscriptions worldwide represented a global subscription penetration of 41 (34)&nbsp;percent. The Company expects the number of mobile
subscriptions to exceed three billion before the end of 2007. This will drive a significant number of initial network build-outs and create opportunities for network deployment and professional services in addition to mobile network systems
offerings. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Total voice traffic on mobile networks worldwide grew an estimated 30 (30)&nbsp;percent in 2006, driven by subscriber additions
and increased average minutes of use (MOU). Western Europe is among the highest penetrated mobile markets in the world in terms of subscriptions. However, Western European usage is significantly lower than the average for the rest of the world.
Increased tariff competition among operators is starting to stimulate Western European usage to a level closer to the global average. This is expected to require expansion of mobile network capacity over the coming years. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At year-end, there were 146 (91)&nbsp;3G/WCDMA networks in commercial service, of which Ericsson is a supplier to 91 (49). The High Speed Packet Access
(HSPA) enhanced version of 3G/ WCDMA is now commercially deployed within 96 networks in 51 countries. Ericsson is a supplier of 46 of these networks, which represent the vast majority of HSPA users. The number of WCD-MA subscriptions almost doubled
during 2006 to nearly 100&nbsp;million and HSPA deployments are rapidly picking up speed. However, the number of 3G/WCDMA networks in commercial service is less than one fourth that of 2G/GSM&#151;a significant opportunity for 3G/WCDMA equipment
suppliers when 2G networks are upgraded. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Within fixed networks, many operators are converting to an all-IP (Internet Protocol) broadband
environment. This will enable more efficient handling of fixed and mobile voice, data and image based communications as well as provide a platform for converged services. While fixed network operators&#146; spending for network equipment in total
was up slightly in 2006, certain areas essential to next-generation networks&#151;optical transmission, IP broadband access, IP routing and IMS/softswitch&#151;showed stronger growth. The Company believes the demand for IP broadband equipment will
increase to meet the higher traffic requirements and user expectations for broadband multimedia services. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In addition to network
deployment and systems integration services, the opportunity to supply network operation and hosting services is growing rapidly. The market for such managed services is expected to continue to show good growth prospects going forward, as operators
realize the competitive advantages and cost savings made possible when outsourcing certain network operations. With hosting services, smaller operators especially benefit by gaining access to service capabilities and content far beyond what they
could normally afford, while at the same time lowering their risks and improving their time to market. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>GOALS, STRATEGY AND FINANCIAL RESULTS
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our ultimate goal is for the Company to generate growth and a competitive profit that is sustainable over the longer term.
Ericson&#146;s ambition is to be the preferred business partner to customers, especially the world&#146;s leading network operators. Ericsson strives to be the market and technology leader for the supply and operation of network infrastructure.
Being a market leader allows the Company to leverage economies of scale to develop superior products and services and thereby offer customers competitive advantages. In addition, when our network equipment and associated services within Systems are
combined with our mobile platform technology and the Sony Ericsson joint venture for mobile handsets, the scope of Ericsson&#146;s operations extends to complete end-to-end solutions. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Performance relative to financial objectives </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Company performed in line with the following
financial targets: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>Increase sales at a faster rate than the market growth. The GSM/WCDMA mobile systems market grew an estimated 5 percent, while Ericsson increased their
mobile systems sales by almost 10 percent; </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">27 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>Deliver best-in-class operating margin, i.e. better than the main competitors. With an operating margin of 16 percent for Ericsson Systems segment and 20
percent for the Group, Ericsson operating margins were the highest among its main competitors; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>Maintain &#147;Investment Grade&#148; credit ratings; </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">However, the Company did not meet the following target &#147;Generate positive cash flow before financial investing activities&#148;. However, excluding the major acquisitions/divestitures the cash flow was SEK 12.2
billion. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In addition to these objectives, the shareholder-approved long-term variable pay programs for executives is based on a certain
EPS growth over a three-year period for each program. Please see also Notes to the consolidated statements&#151;Note C29, &#147;Information Regarding Employees, Members of the Board of Directors and Management&#148;. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Sales </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Group sales grew 17 percent mainly driven by
higher Systems sales, where services increased by 33 percent and the Marconi acquisition added an estimated 7 percent. Fluctuations in foreign exchange rates had an insignificant effect on reported sales. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Segment Systems </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Within Systems, unit
volume increases drove mobile network sales growth. Sales of network deployment services related to Systems grew 39 percent during 2006, reflecting increased demand for turn-key projects and our strong market position in mobile systems. Sales of
professional services were particularly encouraging, growing at 30 percent, as the Company continued to be awarded contracts for network operation and hosting services. At year end 2006, Ericsson-managed network operations served approximately 100
(53)&nbsp;million users. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Based on Ericsson&#146;s reported sales combined with the publicly reported and estimated sales for
Ericsson&#146;s main competitors, we believe the mobile systems market grew approximately 5 (11)&nbsp;percent in reported currencies during 2006. During this period, Ericsson&#146;s mobile systems sales increased by almost 10 percent, measured in
SEK, indicating that Ericsson grew faster than the market. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The successful integration of the Marconi operations significantly strengthened
Ericsson&#146;s systems offering, especially to operators of fixed networks, where sales grew by 162 percent. The Company was awarded a number of contracts for broadband access and optical transmission equipment due to the competitiveness of the
combined product offering. We are optimistic regarding growth opportunities for IP routing, broadband access, optical transmission and next-generation networks. The Company continues to invest in these areas, with the acquisition of Redback Networks
expanding the scope of the product portfolio to also include IP routing. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Segment Other Operations </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Sales and operating income developed positively within Mobile Platforms and Cables (Ericsson Network Technologies) and overall sales within Other
Operations increased by 6 (&#150;4) percent and operating income was SEK 0.9 (0.3) billion. The divested Defense business is reflected in sales and operating income of Other Operations up until the divestiture in early September, 2006. Sales up
until date of divestment were approximately SEK 1.4 billion, compared with full year 2005 of approximately SEK 2 billion. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Segment
Phones </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">See Sony Ericsson Mobile Communications on page 33 under Partnerships and Joint Ventures. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">28 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>SALES BY SEGMENT AND GEOGRAPHIC REGION 2006 </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>(SEK million)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Systems</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Percent<BR>change</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other<BR>Operations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Percent<BR>change</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Percent<BR>change</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Percent<BR>of total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Western Europe</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">45,396</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">27</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,542</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>51,938</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">29</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Central and Eastern Europe, Middle East and Africa</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48,699</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,602</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">36</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>50,301</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">28</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Asia Pacific</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41,991</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">45</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,211</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-16</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>43,202</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">25</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Latin America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,234</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-14</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">246</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16,480</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-14</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">North America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,250</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-19</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">612</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,862</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-18</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>167,570</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>18</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>10,213</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>6</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>177,783</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>17</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>100</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g78f61.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Margins and operating expenses </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Our ambition is for Ericsson to generate a competitive return on sales. With best-in-class operating margins of 20.2 (21.8)&nbsp;percent, the Company continued to perform at industry-leading levels. Sony Ericsson
contributed 3.3 (1.5)&nbsp;percentage points to the operating margin, while Marconi negatively affected Systems margins until profitability was established at the end of the third quarter. The lower gross margin of 41.2 (45.7)&nbsp;percent was
mainly a reflection of a business mix within Systems that had a significantly higher proportion of service sales as well as the impact of the businesses acquired from Marconi, as both have a lower than group average gross margin. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Operating margins have remained robust, with Group sales showing a 16.1 percent compound annual growth rate (CAGR) over the last three years while
operating expenses have a CAGR of only 12.0 percent. Operating expenses, measured as a percentage of net sales, increased from 27 percent in 2005 to 28 percent in 2006. The acquired Marconi operations had a negative effect on operating expenses
during the first nine months, until they were successfully integrated and streamlined. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Cost savings programs have been carried out within
a number of areas, such as creating scale advantages through the establishment of several shared service centers in a number of regions which provide financial and human resource services to the sales organization. The number of employees in support
functions was reduced through improved utilization of IT applications. By focusing on operational excellence (i.e. process efficiency), we have been able to grow sales without having to increase S&amp;A head-count and costs at a corresponding rate.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">29 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Other income statement items </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Share in earnings of joint ventures and associated companies before tax increased by SEK 3.5 billion, mainly due to a larger contribution from Sony Ericsson Mobile Communications. Ericsson&#146;s 50 percent share in earnings of the joint
venture before tax increased from SEK 2.3 billion in 2005 to SEK 5.9 billion in 2006. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The financial net decreased slightly from SEK 0.3
billion in 2005 to SEK 0.2 billion in 2006. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Income after financial items was SEK 36.0 (33.3)&nbsp;billion. Net income attributable to the
stockholders of the Parent Company increased to SEK 26.3 (24.3)&nbsp;billion, with diluted earnings per share of SEK 1.65 (1.53). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Balance Sheet
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Total assets amounted to SEK 214.9 (209.3)&nbsp;billion at year-end. The main item contributing to the 3 percent increase was higher
trade receivables reflecting the high business activity in the last quarter of the year in markets with longer payment terms. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Deferred tax
assets decreased by SEK 5.0 billion, due to utilization of tax loss carry forwards and timing differences. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SEK 9.3 billion of non-current
borrowings were repaid. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Net cash decreased from SEK 50.6 billion to SEK 40.7 billion, mainly as a result of the Marconi acquisition. The
major part of the acquired assets were intellectual property rights. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Equity increased to SEK 120.9 (102.5)&nbsp;billion and the equity
ratio improved to 56.2 (49.0)&nbsp;percent. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Return on Capital Employed (ROCE ) was 27 percent compared to 29 percent in 2005. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>RETURN ON CAPITAL EMPLOYED 2004-2006 </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="93%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Percent</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26.4</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2005</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.7</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.4</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Cash flow before financial investing activities </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Cash flow before financial investing activities was SEK&#150;2.6 (11.3)&nbsp;billion. SEK 17.6 billion was used to acquire certain assets from Marconi.
Excluding major acquisitions/divestitures, the underlying cash flow was SEK 12.2 billion. Increases in working capital for work in progress in the field and trade receivables, reflecting the growth in large network roll-out projects, also had
negative effects. Cash outlays regarding restructuring amounted to SEK 2.3 (2.0)&nbsp;billion, where SEK 0.8 (1.5)&nbsp;billion relates to restructuring programs initiated during 2001&#150;2003. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Through the efforts to improve capital efficiency, Inventory Turnover (ITO) improved compared to 2005. Days Sales Outstanding (DSO) increased due to
growth in emerging and other markets with longer payment terms. Efforts to further improve capital efficiency will continue. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">30 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>WORKING CAPITAL EFFICIENCY MEASURES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Target</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Days Sales Outstanding (DSO)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&lt;90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>86</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">81</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">75</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Inventory Turnover (ITO)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&gt;5.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5.1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5.7</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Payable Days </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&gt;45</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>54</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">52</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">51</FONT></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Payable days: Accounts payable divided by Cost of sales and multiplied by 365 days. </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Capital expenditures </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We continuously monitor the Company&#146;s capital expenditures and evaluate
whether adjustments are necessary in light of market conditions and other economic factors. Most capital expenditures are normally investments in test equipment used to develop, manufacture and deploy network equipment. However, the increase in
capital expenditures from 2005 to 2006 was mainly due to investments for data and network operation centers, needed to support the rapidly growing services business. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The following table summarizes annual capital expenditures during the five years ended December&nbsp;31, 2006: </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>CAPITAL
EXPENDITURES 2002-2006 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>SEK billion</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2003</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2002</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capital expenditures</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3.8</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.7</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">of which Sweden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.0</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.2</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">as percent of net sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2.2</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.9</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Excluding acquisitions, capital expenditures in relation to sales are not expected to be
significantly different in 2007, remaining at roughly two percent of sales. However, in addition to the normal capital expenditures there are commitments to repay SEK 0.1 billion of debt and to purchase Redback Networks for USD 1.9 billion, or SEK
13.4 billion, as well as to acquire Entrisphere. With a net cash position at year-end of SEK 40.7 billion, we expect the Company to be able to cover all capital expenditure plans and customer financing commitments for 2007 by using funds generated
from operations with no additional borrowings required. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In 2000 and 2001, we disposed of the majority of the real estate properties that
we owned. We believe the properties that we now occupy are suitable for our present needs in most locations. As of December&nbsp;31, 2006, no material land, buildings, machinery or equipment were pledged as collateral for outstanding indebtedness.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Credit ratings </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Moody&#146;s credit
rating agency raised Ericsson&#146;s credit rating during 2006, while Standard&nbsp;&amp; Poor&#146;s (S&amp;P) last upgraded their ratings in 2005. At year-end, their ratings of Ericsson&#146;s creditworthiness were Baa2 (Baa3) for Moody&#146;s and
BBB&#150; for S&amp;P, both considered to be &#147;Investment Grade&#148;. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ERICSSON CREDIT RATINGS YEAR END 2004-2006 </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Moody&#146;s</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Baa2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Baa3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Ba2</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Standard&nbsp;&amp; Poor&#146;s</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">BBB&#150;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">BBB&#150;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">BB&#043;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">31 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>RESEARCH AND DEVELOPMENT </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">A robust R&amp;D program is essential to Ericsson&#146;s competitiveness and future success. With most R&amp;D invested in mobile communications network infrastructure, Ericsson&#146;s program is one of the largest in the industry. The
efficiency of the R&amp;D activities has been improved, enabling a faster time to market for new products and increased investments in new areas such as multimedia solutions, while decreasing R&amp;D as a percentage of sales. The Company reduced
R&amp;D lead time by more than 20 percent this year and has an ambition to reduce R&amp;D lead times by an additional 30 percent over the next several years, as well as adding as many as 500 research engineers in the areas of multimedia and IP
technology. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>R&amp;D PROGRAM </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2004&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Expenses (SEK billion)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>27.9</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24.5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">23.4</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">As percent of sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>15.7</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16.1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">17.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Employees within R&amp;D at December&nbsp;31 </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>17,000</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16,500</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Patents </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>22,000</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">20,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The number of employees and patents are approximate. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">R&amp;D expenses during 2007, excluding the effects of the acquisition of Redback Networks, are expected to remain at roughly the same level in absolute terms compared with 2006, including the additional research engineers and the
amortization of the intangible assets acquired from Marconi. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>PARTNERSHIPS AND JOINT VENTURES </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">During 2006, Sony Ericsson Mobile Communications AB reported strong unit volume and sales increases, which caused income before tax to improve
significantly during the year. The improved performance is mainly a result of focusing on imaging, music and enterprise phones, while increasing the number of more affordable models. Sony Ericsson&#146;s ambition is to achieve continued profitable
growth by leveraging the opportunities created by the combination of technologies and expertise from the parent companies. The joint venture results are accounted for in accordance with the equity method. For more information, see also Notes to the
Consolidated Financial Statements&#151;Note C1, &#147;Significant Accounting Policies&#148;. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>SONY ERICSSON RESULTS 2004-2006 </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Percent<BR>change</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Shipments (unit millions)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>74.8</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">46</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">51.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42.3</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales (EUR m.)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>10,959</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">51</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,268</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,525</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Income before tax (EUR m.)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,298</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">154</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">512</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">486</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income (EUR m.)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>997</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">185</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">350</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">316</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ericsson&#146;s share of earnings (SEK billion)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5.9</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">157</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.1</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For more information on transactions with Sony Ericsson, please see also Notes to the Consolidated
Financial Statements&#151;Note C30, &#147;Related Party Transactions&#148;. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ACQUISITIONS AND DIVESTITURES </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The acquisition of certain assets relating to broadband access, optical and radio transmission systems, data networking and service layer from Marconi was
completed on January&nbsp;23, 2006, with a cash payment equivalent </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">32 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">to SEK 17.6 billion. With net assets of SEK 4.0 billion, most of the acquisition costs were related to intellectual property rights, e.g. patents, brands,
trade marks, etc., which will be amortized over a ten year period. The acquired businesses were consolidated into Ericsson&#146;s accounts as per January&nbsp;1, 2006. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">During the year, the acquired Marconi businesses were streamlined and fully integrated within Ericsson&#146;s operations. This resulted in a 24 percent reduction of the former Marconi workforce for an estimated annual
cost savings of approximately SEK 2.0 billion, with full effect from the fourth quarter of 2006. Restructuring charges were SEK 2.2 billion, of which about one third was utilized during 2006, with the remainder expected to be utilized during the
first half of 2007. Of this charge, SEK 1.4 billion relates to the layoff of 1,600 employees and SEK 0.8 billion relates to the termination of IT agreements and facilities contracts that are no longer needed but were pre-paid as part of the
acquisition. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">During 2006, there were also several small acquisitions made to increase capacity mainly to support the growing systems
integration business. To expand the systems product portfolio, the Company also made several small technology acquisitions with Netwise of Sweden, acquired for SEK 0.3 billion, being the largest. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson&#146;s defense business, Ericsson Microwave Systems AB, and its 40 percent holding in Saab Ericsson Space was sold to Saab AB for SEK 3.8
billion in cash with a capital gain of SEK 3.0 billion. The Ericsson defense business that Saab acquired had sales of approximately SEK 2 billion in 2005 and employed 1,250 employees when ownership was transferred. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In December, Ericsson launched a tender offer to acquire Redback Networks of the US for USD 1.9 billion. The tender offer was successfully concluded on
January&nbsp;25, 2007. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">During 2004, Ericsson made a public offer to purchase shares of Ericsson S.P.A. in Italy, increasing
Ericsson&#146;s ownership to 93 percent. In the first quarter of 2005, a Residual Public Offer was launched for the remaining shares, and subsequently Ericsson S.P.A. was delisted from the Milan Stock Exchange. In total SEK 2.2 billion was paid out
for the shares, of which SEK 0.6 billion in 2005. In 2006, the remaining shares were purchased for SEK 0.1 billion, and the ownership in Ericsson S.P.A. is now 100 percent. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Other than the transactions described above, there were no material acquisitions or divestitures completed during 2004, 2005 or 2006. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>MATERIAL CONTRACTS AND CONTRACTUAL OBLIGATIONS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Primary contractual obligations are outlined in the following table. Operating leases are mainly related to offices and production facilities. Purchase obligations are mainly related to outsourced manufacturing, R&amp;D and IT operations
and to components for our own manufacturing. Except for those transactions previously described in this report, Ericsson has not been a party to any material contracts over the last three years other than those entered into during the ordinary
course of business. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">33 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>CONTRACTUAL OBLIGATIONS 2006 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="9" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Payment due by period</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>(SEK million)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&lt;1 year</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>1-3&nbsp;years</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>3-5&nbsp;years</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&gt;5&nbsp;years</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Long-term debt </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1) 2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>12,020</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">427</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,689</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,401</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">503</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capital lease obligations </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3)</SUP></FONT><FONT FACE="Times New Roman"
SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,207</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">180</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">334</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">253</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,440</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Operating leases </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11,225</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,198</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,318</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,205</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,504</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other non-current liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,868</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">187</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">991</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,676</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Purchase obligations </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>4)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8,238</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,238</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Commitments for customer financing </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,795</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,795</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>43,353</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18,025</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,332</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,874</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,122</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Including interest payments. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">See also Notes to the Consolidated Financial Statements&#151;Note C20, &#147;Financial Risk Management and Financial Instruments&#148;. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">See also Notes to the Consolidated Financial Statements&#151;Note C27, &#147;Leasing&#148;. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">4)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The amounts of purchase obligations are gross, before deduction of any related provisions. </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>CRITICAL ACCOUNTING ESTIMATES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The discussion and analysis of our results of operations and financial
condition are based on our consolidated financial statements which have been prepared in accordance with IFRS. The preparation of these financial statements requires management to apply accounting methods and policies that are based on difficult,
complex or subjective judgments or on estimates based on past experience and assumptions determined to be reasonable and realistic based on the related circumstances. The application of these estimates and assumptions affects the reported amounts of
assets and liabilities and contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates under different assumptions or
conditions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Please see Notes to the Consolidated Financial Statements&#151;Note C2, &#147;Critical Accounting Estimates and
Judgments&#148; for more information about the accounting policies that we believe have the most significant impact on Ericsson&#146;s reported results and financial position. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>NEW ORGANIZATION </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The development of broadband capabilities for both mobile and fixed operators
combined with the move toward next-generation networks are expected to create demand for richer multimedia services and accelerate growth opportunities. In this environment, we see the possibility to further strengthen Ericsson&#146;s market and
technology leadership by implementing a more customer-oriented organization with three business units, each optimized for a specific, but related, market segment. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2"><I>Networks </I>includes access, core and transport, as well as cables and power modules, previously reported within Other Operations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2"><I>Global Services, </I>consisting of network rollout and professional services, remains unchanged. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><I>Multimedia </I>includes Multimedia systems, as well as mobile platforms and enterprise solutions, both previously reported within Other Operations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The new organization is in effect as from January&nbsp;1, 2007. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">34 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>CORPORATE GOVERNANCE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Although internal policies and directives for governance and other important rules for managing the Company&#146;s business activities have long been established, we have adapted our work procedures in line with relevant developments in
Sweden and the United States regarding reporting, disclosure and other requirements for listed companies as well as changes in legislation, such as the Swedish Companies Act and the US Sarbanes-Oxley Act. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In accordance with the Swedish Code of Corporate Governance, a separate Corporate Governance Report, including an Internal Control section, has been
prepared. There have been no amendments or waivers to Ericsson&#146;s Code of Business Ethics for any Director or member of management. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>RISK MANAGEMENT
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Risk-taking is an inherent part of doing business. Risks are managed in our operational processes where risks are identified,
probability of occurrence assessed and potential consequences estimated. Actions are then taken to reduce or mitigate the risk exposures and limit potential unfavorable consequences. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We broadly categorize risks into operational risks and financial risks. Our approach to risk management leverages the scale and diversity of our business
activities and balances central coordination with well-defined risk management responsibilities within each operational unit. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For more
information on risk management, see also page 121, Risk Factors. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Operational risk management </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Risk management has been integrated within the Ericsson Group Management System and each business process. The operational risk management framework
applies universally across all business activities and is based on the following principles: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Each risk is owned and managed by an
operational unit that is held accountable, and monitored through unit steering boards and Group Management. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Risks are dealt with on three
levels: in the strategy process, in annual target setting and within ongoing operations by transaction (customer bid/contract, acquisition, investment, product development project, etc). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Approval limits are clearly established with escalation according to a well-defined delegation of authority. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Certain risks, such as information security/IT risks and physical security as well as insurable risks are centrally coordinated. A crisis management
council deals with ad hoc events of a serious nature, as necessary. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Financial risk management </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We have an established policy governing the Group&#146;s financial risk management, which is carried out by the Treasury function within the Parent
Company and by a Customer finance function. These are both supervised by the Board of Directors&#146; Finance Committee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For further
information on objectives, policies and strategies for financial risk management, please see Notes to the Consolidated Financial Statements&#151;Note C19, &#147;Interest-Bearing Liabilities&#148; and Note C20, &#147;Financial Risk Management and
Financial Instruments&#148;. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">35 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Foreign exchange risks </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">With significant transaction volumes in currencies other than SEK, the Company has a net exposure to a number of currencies. The duration of this exposure is also considerable, as many contracts have long lead times
between order and delivery. A variety of hedging activities, covering on average the forthcoming 6&#150;9 months, are used to manage foreign exchange risks. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The largest foreign exchange exposure is to the US dollar and related currencies, which represented 49 (46)&nbsp;percent of sales in 2006. Assuming that other foreign exchange exposures remained the same, a 10 percent
plus/minus change in the USD/ SEK exchange rate would affect operating income by an estimated plus/minus SEK 3.8 (3.3)&nbsp;billion before any hedging effects. However, these effects may be compensated over time with new contracts with adjusted
prices and costs. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Interest rate risks </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Ericsson is exposed to interest rate risk through market value fluctuations of certain balance sheet items and through changes in interest expenses and income. Assuming the net cash position remained at SEK 40.7
(50.6)&nbsp;billion, a sustained change in interest rates of plus/minus 0.25 percentage points would have an annual impact on the financial net of approximately plus/minus SEK 72 (135)&nbsp;million. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Credit risk in trade receivables </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At
year-end 2006, trade receivables amounted to SEK 51.1 (41.2)&nbsp;billion, less allowances of SEK 1.4 (1.4)&nbsp;billion. Extended payment terms for trade credits and overdue amounts are regularly reviewed, and allowances are made to cover any
potential losses. Historically, credit losses have been minimal, mainly due to a customer base that largely consists of well established and financially sound network operators. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Customer finance risk </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At year-end
2006, gross exposure for customer financing amounted to SEK 4.1 (7.0)&nbsp;billion, of which less than one percent was off-balance sheet. Operators in Central and Eastern Europe, Middle East and Africa represented half of the exposure, with Latin
America accounting for most of the rest. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Credit risks are covered by security arrangements in most customer financing agreements, normally
in the form of pledges of equipment, pledges of certain of the borrower&#146;s assets and/or pledges of shares in the operating company. In addition to these security arrangements provisions are made and reported as part of selling expenses. Risk
provisions amounted to 13 (29)&nbsp;percent of the gross exposure. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Unutilized outstanding customer financing commitments amounted to SEK
6.8 (3.6)&nbsp;billion at year-end. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Financial credit risk </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Financial instruments carry an element of risk in that counterparties may be unable to fulfill their payment obligations. All derivative transactions are
covered by ISDA Master Agreements to reduce the credit risk. During 2006, no credit losses were incurred from such instruments. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman"
SIZE="2"><I>Liquidity and refinancing risk </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We expect the Company&#146;s cash-generating capabilities and strong cash position to
satisfy any short-term liquidity requirements. During 2006, there have not been any defaults in the payment of principal or interest, or any other material default relating to the indebtedness of Ericsson or any of its subsidiaries. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">36 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>CORPORATE RESPONSIBILITY </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Effective management of social, environmental and ethical issues can help to assure an enduring capability for value creation and competitive advantage. Ericsson supports the UN Global Compact and its ten guiding principles. We see these
principles not only as guiding principles, but also as a prerequisite for sound, long-term business and as such, we are committed to responsible business practices for sustainable economic growth that all our stakeholders benefit from. Our
commitment to employees, customers, shareholders and the broader global community is underscored by external recognition of our efforts. During 2006, Ericsson was again included in the FTSE 4Good, the Dow Jones Sustainability Index and the 100
Global Most Sustainable Corporations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson publishes a separate Corporate Responsibility Report annually, which provides comprehensive
information about our corporate responsibility and related activities. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Human Rights </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson believes that publicly available and affordable telecommunications is a fundamental prerequisite for social and economic development. As one of
the world&#146;s largest providers of communications equipment and services, the Company plays a vital role in this process, especially in emerging markets. Ericsson joined The Business Leaders&#146; Initiative on Human Rights (BLIHR), which aims to
find practical applications of the Universal Declaration of Human Rights within a business context and to inspire other businesses to do likewise. Ericsson&#146;s participation in BLIHR reinforces a longstanding commitment to human rights and
corporate responsibility activities. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Community Involvement </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Company is committed to being a responsible member of the global society and of the local communities in which we operate. Employees are encouraged
and empowered to make a positive contribution to the world around them. Their contributions are of many kinds, determined by our employees according to local needs. They may, for example, be in the fields of health care, social and humanitarian aid,
scholarships and other educational support, art and culture, the environment, children&#146;s welfare as well as many other charitable activities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">We believe that telecom by its very nature has a constructive role to play in the proactive engagement in local economic, environmental and social challenges. We are encouraging economic growth in emerging markets through our Communications
for All program, which we are convinced will contribute substantially to poverty reduction. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson Response is a global initiative to
rapidly provide IT, communication solutions and telecom experts anywhere in the world in response to human suffering caused by disasters. Ericsson Response assists the disaster relief operations of the UN Office for the Coordination of Humanitarian
Affairs (OCHA), UN World Food Programme (WFP) and the International Federation of Red Cross and Red Crescent Societies (IFRC). During 2006, Ericsson Response continued its 2005 support for an additional six months to the earthquake-hit Pakistan.
During the crisis in Lebanon, Ericsson Response supported the Telecom Sans Frontiers operations in the country through our office in Lebanon. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman"
SIZE="2"><I>Environment and Health </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our most significant environmental impact relates to the energy consumed by our products during
their use phase, and we have set ambitious targets in this area. By 2008, the Company intends to improve the energy efficiency of the 3G/WCDMA base station portfolio by a total of 50 percent, compared with 2005 levels. During 2006, the annual
incremental improvement target of 25 percent was significantly exceeded. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">37 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Company is also working actively with green site solutions, including solar, wind, fuel cell and biofuel technologies.
Ericsson recently teamed up with the GSM Association&#146;s Development Fund in Nigeria to show that biofuel is a viable option for powering rural base stations. A second biofuel pilot, on a larger scale, is now starting in India. Biofuel-powered
networks have the potential to bring socio-economic and environmental benefits to a society, while lowering operators&#146; total cost of ownership. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">We believe that the Company is in compliance with all material environmental, health and safety laws and regulations required by its operations and business activities. Ericsson provides public information on radio
waves and health and supports independent research to further increase knowledge in this area. Ericsson currently co-sponsors more than 45 different ongoing research projects related to electromagnetic fields (EMF), radio waves and health, and has
since 1996 supported more than 80 studies with a total cost of more than EUR 40 million. Public health authorities and independent expert groups have reviewed the total amount of research and they have consistently concluded that the balance of
evidence does not demonstrate any health effects associated with radio wave exposure from either mobile phones or radio base stations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">From August&nbsp;13, 2005, Ericsson has complied with the EU Directive on Waste Electrical and Electronic Equipment (WEEE). Our global end-of-life treatment program is called the Ecology Management Provision, and was initiated three years
before the WEEE requirements became law in the EU. This proactive approach gives Ericsson an effective tool to meet waste-management challenges in all our markets around the world. From July&nbsp;1, 2006, Ericsson is in compliance with the EU
Directive on Reduction of Hazardous Substances (RoHS). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Employees </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Every year, an employee satisfaction survey is conducted with a high level of employee participation. In 2006, over 90 (92)&nbsp;percent of employees
participated in this survey. The results show improvements in, among others, the areas of Operational Excellence, Work Empowerment&nbsp;&amp; Company Engagement, Co-operation, Learning and Leadership. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Employee headcount at year-end was 63,781 (56,055). Most of the additions were due to the acquisition of Marconi and to support the growing services
business. During the year, 6,432 (2,377)&nbsp;employees departed while 14,158 (7,898)&nbsp;joined the company. Please see also Notes to the Consolidated Financial Statements&#151;Note C29, &#147;Information Regarding Employees, Members of the Board
of Directors and Management&#148;. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Executive Compensation </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Remuneration Committee continues to be mindful of the debates around the world on executive salaries and benefits. We remain confident that current
policies and practices concerning authorization, compliance and control of senior executive compensation within Ericsson are appropriate and reasonable. Principles for remuneration and other employment terms for top executives were approved by the
Annual General Meeting 2006, and are further described in Notes to the Consolidated Financial Statements&#151;Note C29, &#147;Information Regarding Employees, Members of the Board of Directors and Management&#148;. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As of December&nbsp;31, 2006, there were no loans outstanding from, and no guarantees issued to or assumed by Ericsson for the benefit of any member of
the Board of Directors or senior management. Please see also Notes to the Consolidated Financial Statements&#151;Note C29, &#147;Information Regarding Employees, Members of the Board of Directors and Management&#148;. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>LEGAL AND TAX PROCEEDINGS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson and Sony Ericsson
Mobile Communications are engaged in multiple patent litigations in the US, UK, Germany and the Netherlands, involving GSM/GPRS/EDGE/WCDMA standards against the Korean </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">38 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">handset manufacturer Samsung, including proceedings in the US International Trade Commission (ITC) under Section&nbsp;337 of the Tariff Act of 1930. In ITC,
both sides&#146; complaints are based on respondents&#146; alleged unlawful importation and sales within the United States of products, that&#151;according to the complainants&#151;infringe several of their US patents. Ericsson and Sony Ericsson, as
well as Samsung, seek exclusion orders to stop respondent&#146;s importation of such products into the US. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In October 2005, Ericsson filed
a complaint to the European Commission requesting that it investigate and stop US-based Qualcomm&#146;s anti-competitive conduct in the licensing of essential patents for 3G mobile technology. At the same time, Broad-com, NEC, Nokia, Panasonic
Mobile Communications and Texas Instruments each filed similar complaints claiming Qualcomm is violating EU competition law and failing to meet the commitments Qualcomm made to international standardization bodies around the world that it would
license its technology on fair, reasonable and non-discriminatory terms. In December, 2005, The Commission opened a first-phase investigation. The complainants are still waiting for the Commission&#146;s decision to open a second-phase
investigation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Together with most of the mobile communications industry, Ericsson has been named as a defendant in six class action
lawsuits in the United States, where plaintiffs alleged that adverse health effects could be associated with the use of mobile phones. In 2006, plaintiffs voluntarily dismissed four of those lawsuits. The two remaining cases are currently pending in
the United States District Court for the District of Maryland and the Superior Court of the District of Columbia. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In another suit filed in
the US, Freedom Wireless Inc., a technology company, sued Cingular Wireless LLC and Ericsson, claiming the two defendants built their prepaid wireless telephone service on Freedom Wireless&#146; patents that allow mobile telephone customers to
purchase increments of airtime for any mobile phone. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson is engaged in litigation with an Australian company, QPSX, in the Federal
Court of Australia. QPSX&#146;s claim relates to an alleged breach by Ericsson of a patent license agreement. Ericsson has contested the claim. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">In December, 2006, the Stockholm City Court acquitted all current or former employees of the Parent Company who had all been indicted by the Swedish National Economics Crimes Bureau for evasion of tax control. The judgment has in part been
appealed by the prosecutor. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Swedish fiscal authorities have disallowed, for income tax purposes, the Parent Company and the subsidiary
companies Ericsson Telecom AB and Ericsson Radio Systems AB (renamed Ericsson AB) deductions for sales commission payments via external service companies to sales agents in certain countries. Most of these taxes have been paid. The decision covering
the fiscal year 1999 was appealed. In December, 2006, the County Administrative Court in Stockholm rendered a judgment in favor of the fiscal authorities. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>BOARD OF DIRECTORS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">More information regarding the Board of Directors and its members as well as the Board and its committee
activities can be found in the Corporate Governance Report. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Changes to the Board membership </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Board of Directors is elected each year at the Annual General Meeting for the period until the next Annual General Meeting. At the Annual General
Meeting on April&nbsp;10, 2006, Michael Treshow was re-elected Chairman of the Board and Marcus Wallenberg Deputy Chairman. Sverker Martin-L&ouml;f was also elected Deputy </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">39 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Chairman. Sir Peter L. Bonfield, Ulf J. Johansson, Nancy McKinstry and Carl-Henric Svanberg were re-elected. B&ouml;rje Ekholm, Katherine Hudson and Anders
Nyr&eacute;n were elected as new members of the Board of Directors. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Board compensation </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Members of the Board, who are not employees of the Company, have not received any compensation other than the fees paid for Board duties as outlined in
Notes to the Consolidated Financial Statements&#151;Note C29, &#147;Information Regarding Employees, Members of the Board of Directors and Management.&#148; Members and Deputy Members of the Board, who are employees, i.e. the CEO and the employee
representatives, have not received any remuneration or benefits other than their normal employee entitlements, with the exception of a small fee paid to the employee representatives for each Board meeting attended. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>PARENT COMPANY </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Parent Company business consists
mainly of corporate management, holding company functions and internal banking activities. The Parent Company business also includes customer credit management performed on a commission basis by Ericsson Credit AB. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Parent Company is the owner of the majority of intellectual property rights and manages the patent portfolio, including patent applications,
licensing and cross-licensing of patents and defending of patents in litigations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Parent Company has 7 (8)&nbsp;branch offices. In
total, the Group has 51 (51)&nbsp;branch and representative offices. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Net sales for the year amounted to SEK 0.6 (1.1)&nbsp;billion and
income after financial items was SEK 13.6 (14.0)&nbsp;billion. Exports accounted for 100 percent of net sales in 2006 (96 percent in 2005). No consolidated companies were customers of the Parent Company&#146;s sales in 2006 or 2005, while 29 percent
(27 percent in 2005) of the Company&#146;s total purchases of goods and services were from such companies. Net profits from disposals and write-downs of shares, including Ericsson Microwave Systems AB, contributed SEK 2.9 (6.6)&nbsp;billion to
income. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Major changes in the Parent Company&#146;s financial position for the year include decreases in current and non-current
receivables from subsidiaries of SEK 31.4 billion and decreases in cash and bank and short-term investments of SEK 21.0 billion. Current and non-current liabilities to subsidiaries decreased by SEK 41.9 billion and current maturities of long-term
borrowings decreased by SEK 9.7 billion. At year-end, cash and bank and short-term investments amounted to SEK 54.0 (75.0)&nbsp;billion. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">In accordance with the conditions of the Stock Purchase Plans and Option Plans for Ericsson employees, 17,051,349 shares from treasury stock were sold or distributed to employees during the year. The quota value of these shares is SEK
17.1&nbsp;million, representing less than one percent of capital stock, and compensation received amounted to SEK 124.9 million. The holding of treasury stock at December&nbsp;31, 2006 was 251,013,892 Class B shares. The quota value of these shares
is SEK 251.0&nbsp;million, representing 2 percent of capital stock, and related acquisition cost amounts to SEK 558.6 million. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>POST-CLOSING EVENTS
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Acquisition of Redback Networks </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">On December&nbsp;20, 2006, Ericsson and Redback Networks Inc. (NASDAQ:RBAK) announced the signing of a definitive agreement under which Ericsson would acquire Redback for USD 25.00&nbsp;per share, or an aggregate
price of approximately USD 1.9 billion (SEK 13.4 billion). The acquisition was completed on January&nbsp;25, 2007. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">40 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Redback has over 700 carrier customers in more than 80 countries and employs about 800 people, including 500 R&amp;D
engineers. Fifteen of the top 20 network operators worldwide use Redback&#146;s technology, including broadband routers to manage IP-based data, voice and video services. Redback has a strong position in multi-service edge routing technology, which
helps carriers deliver broadband, telephony, TV and mobility services over Internet-based infrastructures. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The combination of
Redback&#146;s intelligent routing technology and Ericsson&#146;s leading IMS (IP Multimedia Subsystem), optical transport and broadband access puts Ericsson in a leading position in end-to-end IP solutions for both fixed and mobile operators.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Acquisition of Entrisphere </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Ericsson announced on February&nbsp;12, 2007, the acquisition of Entrisphere, a company providing fiber access technology. Entrisphere was founded in 2000 in Santa Clara, California, and employs about 140 people, including important R&amp;D
resources. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Entrisphere acquisition brings a leading IP-based broadband access platform ready for volume deployment compliant with both
North American and international standards. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Since its first deployment of fiber access solution in 2003, Entrisphere has worked with major
operators to deliver IP-based services to customers across North America. With its GPON solution (Gigabit Passive Optical Network) already in service in North America and the system being evaluated for deployment by leading network operators around
the globe, the acquisition forms an important cornerstone in Ericsson&#146;s full service broadband offering. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>PROPOSED DISPOSITION OF EARNINGS
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Board of Directors proposes that a dividend of SEK 0.50 (0.45) per share be paid to shareholders duly registered on the Record date
of April&nbsp;16, 2007, and that the Company retains the remaining part of non-restricted equity. The Class B treasury shares held by the Parent Company are not entitled to receive a dividend. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Assuming that no treasury shares remain within the Company on the Record date, the Board of Directors proposes that earnings be distributed as follows:
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Amount to be paid to the shareholders</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">SEK 8,066,129,339</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Amount to be retained by the Parent Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">SEK&nbsp;24,920,658,097</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total non-restricted equityof the Parent Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">SEK 32,986,787,436</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As a basis for its proposal for a dividend, the Board of Directors has made an assessment in
accordance with Chapter 18, Section&nbsp;4 of the Swedish Companies Act of the Parent Company&#146;s and the Group&#146;s need for financial resources as well as the Parent Company&#146;s and the Group&#146;s liquidity, financial position in other
respects and long-term ability to meet their commitments. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Group reports an equity ratio of 56.2 (49.0)&nbsp;percent and net cash
amounts to SEK 40.7 (50.6)&nbsp;billion. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Board of Directors has also considered the Parent Company&#146;s and the Group&#146;s
position in general. In this respect, the Board of Directors has taken into account known commitments that may have an impact on the financial positions of the Parent Company and its subsidiaries. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The proposed dividend does not limit the Group&#146;s ability to make investments or raise funds and it is our assessment that the proposed dividend is
well-balanced considering the nature, scope and risks of the business activities as well as the capital requirements for the Parent Company and the Group. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">41 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="rom36434_6"></A>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>To the Shareholders of Telefonaktiebolaget LM Ericsson (publ),
</I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We have completed an integrated audit of Telefonaktiebolaget LM Ericsson (publ)&#146;s 2006 consolidated financial statements and of
its internal control over financial reporting as of December&nbsp;31, 2006, and audits of its 2005 and 2004 consolidated financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Our
opinions, based on our audits, are presented below. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Consolidated financial statements </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In our opinion, the accompanying consolidated balance sheet and the related consolidated income statement, statement of recognized income and expense and
cash flow statement present fairly, in all material respects, the financial position of Telefonaktiebolaget LM Ericsson and its subsidiaries at December&nbsp;31, 2006, and December&nbsp;31, 2005, and the results of their operations and their cash
flows for each of the three years in the period ended December&nbsp;31, 2006 in conformity with International Financial Reporting Standards as adopted by EU. These financial statements are the responsibility of the Company&#146;s management. Our
responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit of financial statements includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis
for our opinion. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As discussed in the accounting policies, note C1, the Group adopted International Accounting Standards (IAS) 32 Financial
Instruments: Disclosure and Presentation and IAS 39 Financial Instruments: Recognition and Measurement in accordance with IFRS as adopted by the EU. The change has been accounted for prospectively from January 1, 2005. Additionally, the Company has
adopted the amendment to IAS 19 Employee Benefits as from January 1, 2006, and applied the option for recognition of actuarial gains and losses directly in equity. The option has been applied retrospectively as from January 1, 2004. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">International Financial Reporting Standards vary in certain significant respects from accounting principles generally accepted in the United States of
America. Information relating to the nature and effect of such differences is presented in C33. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Internal control over financial reporting
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Also, in our opinion, management&#146;s assessment, included in &#147;Management&#146;s Report on Internal Control over Financial
Reporting&#148;, <B>appearing under Item&nbsp;15 (b)</B><B> of the 2006 Annual Report on Form 20-F</B>, that the Company maintained effective internal control over financial reporting as of December&nbsp;31, 2006, based on criteria established in
Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), is fairly stated, in all material respects, based on those criteria. Furthermore, in our opinion, the Company maintained, in
all material respects, effective internal control over financial reporting as of December, 31 2006, based on criteria established in Internal Control-Integrated Framework issued by the COSO. The Company&#146;s management is responsible for
maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting. Our responsibility is to express opinions on management&#146;s assessment and on the
effectiveness of the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">42 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Company&#146;s internal control over financial reporting based on our audit. We conducted our audit of internal control over financial reporting in
accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial
reporting was maintained in all material respects. An audit of internal control over financial reporting includes obtaining an understanding of internal control over financial reporting, evaluating management&#146;s assessment, testing and
evaluating the design and operating effectiveness of internal control, and performing such other procedures as we consider necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinions. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A company&#146;s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company&#146;s internal control over financial reporting includes those policies and procedures that
(i)&nbsp;pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii)&nbsp;provide reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors
of the company; and (iii)&nbsp;provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company&#146;s assets that could have a material effect on the financial statements.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections
of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. </FONT></P> <P
STYLE="margin-top:24px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">PricewaterhouseCoopers AB </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Stockholm, June 7, 2007 </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">43 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="rom36434_7"></A>CONSOLIDATED INCOME STATEMENT </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Years ended December&nbsp;31, SEK million</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C3,&nbsp;C4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>177,783</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">151,821</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">131,972</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Cost of sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-104,487</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-82,369</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-70,864</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Gross margin</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>73,296</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">69,452</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">61,108</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Research and development and other technical expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-27,921</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-24,454</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-23,421</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Selling and administrative expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-21,422</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-16,800</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-15,921</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Operating expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-49,343</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-41,254</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-39,342</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other operating income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,941</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,491</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,617</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Share in earnings of joint ventures and associated companies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,934</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,395</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,323</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Operating income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>35,828</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33,084</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26,706</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Financial income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,954</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,653</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,541</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Financial expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,789</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,402</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-4,081</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Income after financial items</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>35,993</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33,335</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26,166</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-9,557</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-8,875</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-8,330</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,436</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,460</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,836</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income attributable to:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stockholders of the parent company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,251</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,315</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,539</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Minority interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>185</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">145</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">297</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Other information</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Average number of shares, basic (million)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,871</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,843</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,829</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Earnings per share, basic (SEK)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.65</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.53</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.11</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Earnings per share, diluted (SEK)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.65</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.53</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.11</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">44 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>CONSOLIDATED BALANCE SHEET </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>December&nbsp;31, SEK million</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005<SUP> 1)</SUP></B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>ASSETS</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Non-current assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Intangible assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capitalized development expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,995</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,161</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Goodwill</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,824</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,362</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Intellectual property rights</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,649</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">939</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Property, plant and equipment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C11,&nbsp;C26,&nbsp;C27</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>7,881</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,966</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Financial assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equity in joint ventures and associated companies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>9,409</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,313</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other investments in shares and participations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>721</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">805</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Customer financing, non-current</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,921</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,322</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other financial assets, non-current</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,409</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,796</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Deferred tax assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>13,564</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18,519</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>63,373</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">51,183</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Current assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Inventories</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>21,470</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19,208</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Trade receivables</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>51,070</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41,242</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Customer financing, current</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,735</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,624</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other current receivables</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,012</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,574</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Short-term investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>32,311</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39,767</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Cash and cash equivalents</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>29,969</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41,738</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>151,567</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">158,153</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>214,940</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">209,336</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>EQUITY AND LIABILITIES</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Equity</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stockholders&#146; equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>120,113</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">101,622</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Minority interest in equity of subsidiaries</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>782</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">850</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>120,895</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">102,472</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Non-current liabilities</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Post-employment benefits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,968</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,891</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Provisions, non-current</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>602</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">904</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Deferred tax liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>382</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">391</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Borrowings, non-current</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C19, C20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>12,904</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,185</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other non-current liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,868</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,740</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>23,724</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,111</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Current liabilities</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Provisions, current</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>13,280</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,764</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Borrowings, current</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C19, C20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,680</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,784</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Trade payables</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>18,183</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,584</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other current liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C21</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>37,178</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41,621</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>70,321</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">82,753</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total equity and liabilities <FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman"
SIZE="2" COLOR="#000000"></FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>214,940</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">209,336</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Ericsson has adopted the new option in IAS 19 to charge actuarial gains/losses directly to equity, as from January&nbsp;1, 2006. Earlier periods have been restated accordingly. For
further information please see Notes to the consolidated statements&#151;Note C17, &#147;Post-employment benefits&#148;. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Of which interest-bearing liabilities and post-employment benefits 21,552 (30,860). </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">45 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>CONSOLIDATED STATEMENT OF CASH FLOWS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Years ended December&nbsp;31, SEK million</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>OPERATIONS</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income attributable to stockholders of the parent company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,251</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,315</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,539</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Adjustments to reconcile net income to cash</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C25</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,245</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,845</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,490</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>32,496</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35,160</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28,029</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Operating net assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Inventories</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-2,553</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,668</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,432</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Customer financing, current and non-current</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,186</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-641</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-65</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Trade receivables</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-10,563</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-5,874</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,403</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Provisions and post-employment benefits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,729</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-15,574</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,990</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other operating assets and liabilities, net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,652</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,266</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,340</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Cash flow from operating activities</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>18,489</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,669</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22,479</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Investing activities</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Investments in property, plant and equipment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,827</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,365</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,452</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales of property, plant and equipment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>185</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">362</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">358</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Acquisitions of subsidiaries and other operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C26</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-18,078</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,210</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,648</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Divestments of subsidiaries and other operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C26</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,086</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Product development</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,353</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,174</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,146</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other investing activities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,070</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">86</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Short-term investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,180</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,375</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-26,050</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Cash flow from investing activities</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-14,877</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,031</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-30,838</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Cash flow before financing activities</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,612</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,700</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-8,359</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Financing activities</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Proceeds from issuance of borrowings</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,290</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">657</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Repayment of borrowings</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-9,510</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,784</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-15,407</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sale of own stock and options exercised</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>124</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">174</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Dividends paid</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-7,343</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-4,133</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-292</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Cash flow from financing activities</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-15,439</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-6,086</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-14,558</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Effect of exchange rate changes on cash</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>58</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-288</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">214</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net change in cash</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-11,769</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,326</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-22,703</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Cash and cash equivalents, beginning of period</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>41,738</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30,412</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">53,115</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Cash and cash equivalents, end of period</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">C20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>29,969</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41,738</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30,412</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">46 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>CONSOLIDATED STATEMENT OF RECOGNIZED INCOME AND EXPENSE </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Stock-<BR>holders&#146;<BR>equity</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Minority<BR>interest</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Stock-<BR>holders&#146;<BR>equity</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Minority<BR>interest</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005<SUP> 1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Stock-<BR>holders&#146;<BR>equity</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Minority<BR>interest</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004 <SUP>1)</SUP></B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Years ended December&nbsp;31,<BR>SEK million</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total<BR>equity&nbsp;<SUP>2)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total<BR>equity&nbsp;<SUP>2</SUP><SUP>)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total<BR>equity&nbsp;<SUP>2)</SUP></B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Income and expenses recognized directly in equity:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Actuarial gains and lossed related to pensions including payroll tax</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">440</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>440</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,221</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,221</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,059</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,059</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Revaluation of other investments in shares and participations</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fair value remeasurement reported in equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Transferred to income statement at sale</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-147</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-147</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Cash Flow hedges:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fair value remeasurement of derivatives reported in equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,100</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,100</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,961</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,961</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Transferred to income statement for the period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,990</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,990</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,404</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,404</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Transferred to balance sheet for the period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">99</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>99</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Changes in cumulative translation effects due to changes in foreign currency exchange rates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,028</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-91</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,119</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,118</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">147</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,265</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,200</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-65</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,265</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Tax on items reported directly in/or transferred from equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-769</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-769</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,523</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,523</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">384</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">384</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total transactions reported in equity</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,150</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-90</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,240</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-287</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">147</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-140</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,875</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-65</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,940</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26,251</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">185</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,436</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,315</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">145</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,460</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,539</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">297</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,836</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total income and expenses recognized for the period</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>25,101</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>95</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>25,196</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,028</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">292</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,320</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,664</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">232</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,896</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Ericsson has adopted the new option in IAS 19 to charge actuarial gains/losses to equity, as from January&nbsp;1, 2006. Earlier periods have been restated accordingly. For further
information, please see Notes to the consolidated statements&#151;Note C17, &#147;Post-employment benefits&#148;. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">For further information, please see Notes to the consolidated statements&#151;Note C16, &#147;Equity&#148;. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">47 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>
<A NAME="rom36434_8"></A>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>CONTENTS </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="90%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C1</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_1">Significant Accounting Policies</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C2</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_2">Critical Accounting Estimates and Judgments</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">61</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C3</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_3">Segment Information</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">64</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C4</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_4">Revenues</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">69</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C5</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_5">Expenses by nature</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">70</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C6</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_6">Other Operating Income</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">70</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C7</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_7">Financial Income and Expenses</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">70</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C8</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_8">Taxes</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">71</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C9</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_9">Earnings per Share</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">72</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C10</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_10">Intangible Assets</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">73</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C11</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_11">Property, Plant and Equipment</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">75</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C12</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_12">Financial Assets</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">76</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C13</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_13">Inventories</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">78</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C14</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_14">Trade Receivables</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">79</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C15</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_15">Other Current Receivables</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">80</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C16</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_16">Equity</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">80</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C17</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_17">Post-employment Benefits</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">83</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C18</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_18">Provisions</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">91</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C19</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_19">Interest-bearing Liabilities</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">92</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C20</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_20">Financial Risk Management and Financial Instruments</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C21</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_21">Other Current Liabilities</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C22</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_22">Trade payables</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C23</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_23">Assets Pledged as Collateral</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C24</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_24">Contingent Liabilities</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C25</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_25">Statement of Cash Flows</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">101</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C26</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_26">Business Combinations</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">102</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C27</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_27">Leasing</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">104</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C28</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_28">Tax Assessment Values in Sweden</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">105</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C29</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_29">Information Regarding Employees, Members of the Board of Directors and Management</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">105</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C30</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_30">Related Party Transactions</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">115</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C31</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_31">Fees to Auditors</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">117</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C32</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_32">Events after the Balance Sheet Date</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">117</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">C33</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#tx36434_33">Reconciliation to Accounting Principles Generally Accepted in the United States </A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">119</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_1"></A>C1&nbsp;&nbsp;&nbsp;&nbsp;SIGNIFICANT ACCOUNTING POLICIES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The consolidated financial statements comprise
Telefonaktiebolaget LM Ericsson, the Parent Company, and its subsidiaries (&#147;the Company&#148;) and the Company&#146;s interest in associated companies and joint ventures. The Parent Company is domiciled in Sweden at Torshamnsgatan 23, 164 83
Stockholm. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The consolidated financial statements as at and for the year ended December&nbsp;31, 2006, have been prepared in accordance
with International Financial Reporting Standards (IFRS) as endorsed by the EU, RR 30:05 Additional rules for Group Accounting and related interpretations issued by the Swedish Financial Accounting Standards Council (Redovisingsr&aring;det) and the
Swedish Annual Accounts Act. For the Company, there is no difference between IFRS and IFRS endorsed by the EU, nor is RR 30:05 or the Swedish Annual Accounts Act in conflict with IFRS. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">48 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The financial statements were approved by the Board of Directors on February&nbsp;23, 2007. The balance sheets and income statements are subject to
approval by the annual general meeting of share-holders. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">IFRS differ in certain respects from generally accepted accounting principles in
the United States (US GAAP). For a description of major differences with respect to Ericsson&#146;s financial statements, information will be provided in a separate note &#147;Reconciliation to Accounting Principles Generally Accepted in the United
States&#148; in the annual report on form 20F. The 20F will be filed with SEC in the second quarter of 2007. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson has applied IFRSs
since January&nbsp;1, 2005. All amounts related to 2004 have been restated in accordance with IFRSs, except for IAS 39, which has been applied as from January&nbsp;1, 2005, as allowed by IFRS 1. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In 2006, the following amendments to IFRS and new IFRIC:s were adopted: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>IAS 19 </B>Employee Benefits. As from January&nbsp;1, 2006, the Company has applied the option for recognition of actuarial gains and losses directly in equity.
The option has been applied retrospectively as from January&nbsp;1, 2004. In note C17 Post Employment Benefits, the effect of the application of the option is disclosed. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>IAS 21 </B>The Effects of Changes in Foreign Exchange Rates. IAS 21 has been amended in relation to the accounting treatment of Net Investments in a Foreign
Operation. This amendment has not had a significant impact on the financial position or result. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>IAS 39 </B>Financial Instruments: Recognition and Measurement. An amendment to IAS 39 requires a company to include liabilities resulting from financial
guarantee contracts in the balance sheet at fair value. This amendment has not had a significant impact on the financial position or result. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>IFRIC 4 </B>Determining whether an Arrangement contains a Lease. This interpretation has not had a significant impact on the financial position or result.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>IFRIC 6 </B>Liabilities arising from Participating in a Specific Market&#151;Waste of Electric and Electronical Equipment. This interpretation has not had a
significant impact on the financial position or result. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>BASIS OF PRESENTATION </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The financial statements are presented in millions of Swedish kronor (SEK). They are prepared on a historical cost basis, except for certain financial
assets and liabilities that are stated at fair value; derivative financial instruments, financial instruments held for trading, financial instruments classified as available-for-sale and plan assets related to defined benefit plans. Non-current
assets and disposal groups held for sale are stated at the lower of carrying amount and fair value less cost to sell. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>PRINCIPLES OF CONSOLIDATION
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The consolidated financial statements are prepared in accordance with the purchase method. Accordingly, consolidated stockholders&#146;
equity includes equity in subsidiaries, associated companies and joint ventures earned only after their acquisition. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Subsidiaries </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The consolidated financial statements include the accounts of the Parent Company and all subsidiaries and the Companys&#146; interest in associated
companies and joint ventures. Subsidiaries are all companies in which </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">49 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Ericsson has an ownership interest and directly or indirectly, including effective potential voting rights, has a voting majority or in which Ericsson by
agreement has control of or retains the majority of the residual or ownership risk of the entity. This means that the Company has the power to govern the financial and operating policies generally accompanying a shareholding of more than one half of
the voting rights. At acquisitions, consolidation is performed from the date control is transferred. At divestments, deconsolidation is made from the date when control ceases. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Intra-group balances, and any unrealized income and expense arising from intra-group transactions, are fully eliminated in preparing the consolidated
financial statements. Unrealized losses are eliminated in the same way as unrealized gains, but only to the extent that there is no evidence of impairment. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Associated companies and joint ventures </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Investments in associated companies and joint ventures, where voting stock interest
including effective potential voting rights is at least 20 percent but not more than 50 percent, or where a corresponding influence is obtained through agreement, are accounted for according to the equity method. Ericsson&#146;s share of income
before taxes is reported in item Share in earnings of joint ventures and associated companies, included in Operating Income. Taxes are included in item Taxes. Unrealized internal profits in inventory as well as other assets in associated companies
and joint ventures purchased from subsidiary companies are eliminated in the consolidated accounts in proportion to ownership. Losses in transactions with associated companies and joint ventures are eliminated in the same way as profit unless there
is evidence of impairment. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Also when associated companies and joint ventures sell to the Company, unrealized internal profits and losses
occur. Eliminations are made also for these profits and losses. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Undistributed earnings of associated companies and joint ventures included
in consolidated equity are reported as Retained earnings, subsequent to acquisition. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>BUSINESS COMBINATIONS </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At the acquisition of a business, an allocation is made of the cost of the business combination in which fair values are assigned to acquired assets,
liabilities and contingent liabilities, for example intangible assets such as customer relations, brands and patents, based upon appraisals made. Goodwill arises when the purchase price exceeds the fair value of recognizable acquired net assets.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As from the acquisition date, goodwill acquired in a business combination is allocated to each of the cash-generating units, or groups of
cash-generating units, that are expected to benefit from the synergies of the combination. Corporate assets are allocated to cash-generating units in proportion to each unit&#146;s proportion of net sales. An annual impairment test for the
cash-generating units to which goodwill has been allocated is performed in the fourth quarter, or when there is an indication of impairment. An impairment loss is recognized if the carrying amount of the cash-generating unit exceeds its recoverable
amount. Impairment losses are recognized in the income statement. Impairment losses recognized in respect of cash-generating units are allocated first to reduce the carrying amount of the goodwill allocated to the units and then to reduce the
carrying amounts of the other assets in the unit on a pro rata basis. The recoverable amount of an asset or a cash-generating unit is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated
future cash flows are discount-ed to their present value. An impairment loss in respect of goodwill is not reversed. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">50 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>TRANSLATION OF FINANCIAL STATEMENTS IN FOREIGN CURRENCY </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For subsidiary companies, joint ventures and
associated companies, the functional (business) currency is the currency in which the companies primarily generate and expend cash. Their financial statements plus goodwill related to such companies are translated to SEK by translating assets and
liabilities at the closing rate on the balance sheet day and income statement items at average exchange rates, with translation adjustments reported directly in consolidated equity. When a company is disposed of, the corresponding accumulated
translation adjustments are recognized in consolidated income. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Effective portions of foreign exchange gains and losses on hedge
instruments designated to hedge the net investments in foreign entities are reported directly in consolidated equity, net of tax effects, to offset the translation adjustments above. Ineffective portions of foreign exchange gains and losses are
reported in operating income. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>REMEASUREMENT OF FOREIGN CURRENCY ITEMS IN INDIVIDUAL COMPANIES </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In the financial statements, receivables and liabilities in foreign currencies are measured at year-end exchange rates. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Foreign exchange gains and losses are reported either as operational cost or in financial net. Effects of hedging are reported in the income statement
together with the foreign currency exchange gains/losses of the hedged item. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The net difference between foreign exchange gains/losses on
operating transactions and gains/losses on hedging through foreign exchange derivatives are reported as adjustments to Cost of sales. Gains and losses on foreign exchange attributable to financial assets are included in financial income and gains
and losses related to financial liabilities are included in financial expenses. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">IAS 39 was adopted as from January&nbsp;1, 2005, with
early adoption of the amendment related to cash flow hedge accounting of forecast intragroup transactions. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>STATEMENT OF CASH FLOWS </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The cash flow statement is prepared according to the indirect method. Cash flows from foreign subsidiaries are translated at the average exchange rate
during the period. Subsidiaries purchased and/or sold are reported as cash flow from operating investing activities, net of cash. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Cash and
cash equivalents consist of cash, bank and short-term investments and are highly liquid financial instruments that have a remaining maturity of three months or less at the date of acquisition. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>REVENUE RECOGNITION </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Sales are recorded net of value
added taxes, goods returned, trade discounts and rebates. Revenue is recognized with reference to all significant contractual terms when the product or service has been delivered, when the revenue amount is fixed or determinable and when collection
is reasonably assured. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We offer a comprehensive portfolio of telecommunication and data communication systems and services covering a
range of technologies. The majority of our products and services are sold as parts of contracts including several items. The nature of the products and services being sold, and the contractual terms taken as a whole, determine the appropriate
revenue recognition method. The contracts are of four main types: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">delivery-type </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">construction-type </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">51 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">contracts for various types of services, for example multi-year managed services contracts </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">licenses </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Large customer frame
agreements may include different types of undertakings and may result in a mix of construction-type contracts, delivery-type contracts and service contracts. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Different revenue recognition methods are applied based on the solutions provided to our customers, the nature and sophistication of the technology involved and the contract conditions in each case. Specific
contractual performance and acceptance criteria impact the timing and amounts of revenue recognized. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The profitability of contracts is
periodically assessed and provisions for losses are immediately made, with full amounts, when losses are probable. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For delivery-type
contracts revenue is recognized when risks and rewards have been transferred to the customer, normally stipulated in contractual terms of trade. For delivery-type contracts that have multiple elements, revenue is allocated to each element based on
relative fair values. If there are undelivered elements essential to the functionality of the delivered elements, or, if fair values are not available for all elements, the Company defers the recognition of revenue until all elements essential to
the functionality have been delivered or fair values exist for the undelivered elements. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Revenues from construction-type contracts are
generally recognized using the percentage-of-completion method. The degree of completion is measured using either the milestone output method or, to a very limited extent, the cost-to-cost method. The terms of construction-type contracts generally
define deliverables or milestones for progress billing to the customer, which also well reflect the degree of completion of the contract. In construction-type contracts where the milestone output method is applied, costs incurred pending the
completion of milestones are reported as contract work in progress and included in Inventory. Such milestones are in most contracts frequent. The extent to which milestones have been met varies from period to period, and as a consequence the amount
of contract work included in inventory may also vary significantly. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Revenue for period service contracts and managed services contracts,
covering longer periods is recognized pro rata over the contract period. Revenue for training, consulting, engineering, installation and similar services is generally recognized when the services are provided. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Licenses relate to Mobile platform license revenues which are included in reported Net Sales based on the number of handsets or components produced by
the customer. Revenue is recognized when the customer production has been made. License revenues related to third party contracts for utilization of our patents are reported as Other operating revenues. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For sales between consolidated companies, associated companies, joint ventures and segments we apply arm&#146;s length pricing. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>EARNINGS PER SHARE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Basic earnings per share are
calculated by dividing net income attributable to shareholders of the parent company by the average number of shares outstanding (total number of shares less treasury stock) during the year. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Diluted earnings per share are calculated by dividing net income attributable to shareholders of the parent company by the sum of the average number of
ordinary shares outstanding and dilutive potential ordinary shares. Potential ordinary shares are treated as dilutive when, and only when, this reduces earnings per share. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">52 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>CLASSIFICATION AND MEASUREMENT OF FINANCIAL INSTRUMENTS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">IAS 39 was adopted as from January&nbsp;1,
2005, with early adoption of the amendment related to cash flow hedge accounting of forecast intragroup transactions. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>Short-term investments are measured at fair value through profit or loss. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>Investments in equity instruments are recognized at fair value. Subsequent changes in fair value are recognized in equity, adjusted for impairment, which is
recognized in the income statement. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>Loans and borrowings are recognized at fair value, net of transaction costs incurred. Subsequently, loans and borrowings are measured using the amortized
cost method less impairment. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>All derivatives are recognized at fair value. Subsequent changes in fair value of derivatives are recognized in the income statement, unless the derivative
is a hedging instrument in </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">i)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">a cash flow hedge of a highly probable forecasted transaction. The effective portion of fair value changes of the derivative is recognized in equity until the hedged transaction
affects the income statement, at which moment the accumulated deferred amount in equity is recycled to the income statement. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">ii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">a cash flow hedge of a highly probable forecasted transaction that result in the recognition of a non-financial asset or liability. The effective portion of fair value changes of
the derivative is recognized in equity until the hedged transaction affects the balance sheet, at which moment the accumulated deferred amount in equity is included in the initial measurement of the acquisition cost of the asset or liability
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">iii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">a hedge of a net investment in a foreign operation. The effective portion of fair value changes of the derivative is recognized in equity until the hedged investment affects the
income statement, at which moment the accumulated deferred amount in equity is recycled to the income statement. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>For derivatives assigned as fair value hedges, fair value changes of both the derivative and the hedged item, attributable to the hedged risk, are recognized
in the income statement and offset each other to the extent the hedge is effective. The Company only applies fair value hedge accounting for hedging fixed interest risk on borrowings. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>Ericsson&#146;s listed debt instruments (outstanding notes and bond loans) are measured at amortized cost, unless designated as a hedged item in a fair value
hedge, when its hedged risk is measured at fair value. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A financial instrument is recognized if the Company becomes a
party to the contractual provisions of the instrument. Regular purchases and sales of financial assets are recognized on settlement date. Investments are initially recognized at fair value plus transaction costs for all financial assets not carried
at fair value through profit or loss. Financial assets carried at fair value through profit or loss are initially recognized at fair value, and transaction costs are expensed in the income statement. Financial assets are derecognized when the rights
to receive cash flows from the investments have expired or have been transferred and the Group has transferred substantially all risks and rewards of ownership. Financial liabilities are derecognized when they are extinguished. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Foreign exchange gains and losses on operating assets and liabilities are reported as adjustments to Cost of sales. The corresponding reporting for
financial items is credited/charged to financial income and expenses respectively. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Gains and losses on derivatives held to offset balance
sheet items are reported together with losses and gains on the underlying position. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">53 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Financial assets and liabilities are offset and reported net in the balance sheet when there is a legally enforceable right for offset and there is an
intent to settle on a net basis. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Fair values of financial instruments are based on quoted market prices or rates. If official rates or
market prices are not available, fair values are calculated by discounting the expected future cash flows at prevailing interest rates. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Each balance sheet date, the Company assesses whether there is objective evidence that a financial asset or a group of financial assets is impaired. In the case of equity securities with changes in fair value recognized in equity, a
significant or prolonged decline in the fair value of the security below its cost is considered an indicator that the security is impaired. If any such evidence exists for these financial assets, the cumulative loss&#151;measured as the difference
between the acquisition cost and the current fair value, less any impairment loss on that financial asset previously recognized in profit or loss&#151;is removed from equity and recognized in the income statement. Impairment losses recognized in the
income statement on equity instruments are not reversed. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>RECEIVABLES AND CUSTOMER FINANCING </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Receivables are initially recognized at fair value and subsequently measured at amortized cost, less allowances for impairment charges. Impairment of
receivables is assessed when there is objective evidence that the Company will not be able to collect all amounts due according to the original contractual terms. Significant financial difficulties of the debtor, probability that the debtor will
enter bankruptcy or financial reorganization, and default or delinquency in payments are considered indicators that the trade receivable is impaired. The amount of the allowance is the difference between the asset&#146;s carrying amount and the
present value of estimated future cash flows, discounted at the effective interest rate at inception. The amount of the provision is recognized in the income statement within selling expenses. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">When selling receivables, they are derecognized if substantially all the risks and rewards of ownership of the receivable have been transferred. Separate
assets or liabilities are recognized if any rights and obligations are created or retained in the transfer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Collectibility of the
receivables are assessed for purposes of initial revenue recognition. In instances where the exposures are related to guarantees to third parties for customer financing, we have reported the extent of our exposure as contingent liabilities. These
contingent liabilities are reported net of risk provisions. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>FINANCIAL GUARANTEES </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Financial guarantee contracts are initially recognized at fair value (i.e usually the fee received). Subsequently, these contracts are measured at the
higher of </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">the amount determined as the best estimate of the expenditure required to settle the obligation according to the guarantee contract, and
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>the recognized fee less cumulative amortization when amortized over the guaranteed period using the straight line method. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>INVENTORIES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Inventories are measured at the lower of
cost or net realizable value on a first-in, first-out (FIFO) basis. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Risks of obsolescence have been measured by estimating market value
based on future customer demand and changes in technology and customer acceptance of new products. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">54 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>INTANGIBLE ASSETS OTHER THAN GOODWILL </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">These assets consist of capitalized development expenses and
acquired intangible assets, such as patents, customer relations, brands and software, and are stated at cost less accumulated amortization/impairment. Amortization and any impairment losses are included in Research and development and other
technical expenses, mainly for capitalized development expenses and patents, Selling and administrative expenses, mainly for customer relations and brands, and Cost of sales. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Costs incurred for development of products to be sold, leased or otherwise marketed or intended for internal use are capitalized as from when
technological and economical feasibility has been established until the product is available for sale or use. These capitalized costs are mainly generated internally and include direct labor and related overhead. Amortization of capitalized
development costs begins when the product is available for general release. Amortization is made on a product or platform basis according to the straight-line method over periods not exceeding five years. Research and development costs directly
related to orders from customers are accounted for as a part of Cost of sales. Other research and development costs are charged to expense as incurred. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Amortization of acquired intangible assets, mainly intellectual property rights, is made according to the straight-line method over the useful life, normally not exceeding ten years. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Company has not recognized any intangible assets with indefinite lifetime other than goodwill. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Impairment tests are performed on a regular basis whenever there is an indication of possible impairment. However, intangible assets not yet available
for use are tested annually. An impairment loss is recognized if the carrying amount of an asset or its cash-generating unit exceeds its recoverable amount. The recoverable amount is the higher of its value in use and its fair value less costs to
sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Corporate
assets have been allocated to cash-generating units in relation to each unit&#146;s proportion of total net sales. Impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or
no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount, An impairment loss is reversed only to the extent that the asset&#146;s carrying amount does not exceed the
carrying amount that would have been determined, net of amortization, if no impairment loss had been recognized. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>PROPERTY, PLANT AND EQUIPMENT
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Items of property, plant and equipment are stated at cost less accumulated depreciation and impairment losses. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Depreciation is charged to income, generally on a straight-line basis, over the estimated useful life of each part of an item of property, plant and
equipment. Estimated useful lives are, in general, 40 years for buildings, 20 years for land improvements, 3 to 10 years for machinery and equipment, and up to 5 years for rental equipment. Depreciation and any impairment are included in Cost of
sales, Research and development and other technical expenses and Selling and administrative expenses. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Impairment testing is performed in
the same manner as for Intangible assets other than goodwill as well as recognition or reversal of impairment, see description under Intangible assets other than goodwill above. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">55 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>LEASING </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Leasing when the Company is the lessee </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Leases on terms in which the Company assumes substantially all the risks and rewards of ownership are classified as finance leases. Upon initial
recognition, the leased asset is measured at an amount equal to the lower of its fair value and the present value of the minimum lease payments. Subsequent to initial recognition, the asset is accounted for in accordance with the accounting policy
applicable to that asset, although the depreciation period would not exceed the lease term. Other leases are operating leases, and the leased assets under such contracts are not recognized on the balance sheet. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Costs under operating leases are recognized in the income statement on a straight-line bases over the term of the lease. Lease incentives received are
recognized as an integral part of the total lease expense, over the term of the lease. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Leasing when the Company is the lessor </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Leasing contracts with the Company as lessor are classified as finance leases when the majority of risks and rewards are transferred to the lessee, and
otherwise as operating leases. Under a finance lease, a receivable is recognized at an amount equal to the net investment in the lease and revenue recognized in accordance with the revenue recognition principles. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Under operating leases, an item of property, plant and equipment is reported and revenue as well as depreciation are recognized on a straight-line basis
over the lease term. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>INCOME TAXES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Income taxes in the consolidated financial statements include both current and deferred taxes. Income taxes are reported in the income statement unless the underlying item is reported directly in equity. For those items the related income
tax is also reported directly in equity. A current tax liability or asset is recognized for the estimated taxes payable or refundable for the current year or prior years. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Deferred tax assets are recognized for (i)&nbsp;deductible temporary differences between the book values of assets and liabilities and their tax values and (ii)&nbsp;unutilized tax loss carryforwards. A deferred tax
asset is recognized to the extent that it is probable that future taxable profits will be available against which the temporary differences can be utilized. Temporary differences related to the following are not provided for: goodwill not deductible
for tax purposes, the initial recognition of assets or liabilities that affect neither accounting nor taxable profit, and differences related to investments in subsidiaries to the extent that they will probably not reverse in the foreseeable future.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The valuation of deferred tax assets involves assumptions regarding the deductibility of costs not yet subject to taxation and regarding
sufficient future taxable income to enable utilization of unused tax losses in different tax jurisdictions. All deferred tax assets are subject to annual review of probable utilization. The largest amounts of tax loss carryforwards are in Sweden,
with indefinite period of utilization. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Deferred tax is measured at the tax rate that is expected to be applied to the temporary
differences when they reverse, based on the tax laws that have been enacted or substantively enacted by the reporting date. An adjustment of deferred tax asset/liability balances due to a change in the tax rate is recognized in the income statement
unless it relates to a temporary difference earlier recognized directly in equity, in which case the adjustment is also recognized in equity. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">56 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>PROVISIONS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Provisions are made when there are legal or constructive obligations as a result of past
events and when it is probable that an outflow of resources will be required to settle the obligations and the amounts can be reliably estimated. However, the actual outflow as a result of the obligation may differ from such estimate. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The provisions mainly relate to warranty commitments, restructuring, customer financing guarantees and other obligations, such as litigation obligations,
contractual discounts, customer contract loss provisions, penalties or claims as well as unresolved income tax and value added tax issues. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">In the ordinary course of business, the company is subject to proceedings, lawsuits and other unresolved claims, including proceedings under laws and government regulations and other matters. These matters are often resolved over long
periods of time. We regularly assess the likelihood of any adverse judgments in or outcomes of these matters, as well as potential ranges of possible losses. Provisions are recognized when it is probable that a liability has been incurred and the
amount of the loss can be reasonably estimated based on a detailed analysis of each individual issue. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For losses on customer contracts we
record provisions when a loss from a contract is anticipated and possible to estimate reliably. We provide for the estimated future settlements related to patent infringements based on the probable outcome of each infringement. The ultimate outcome
or actual cost of settling an individual infringement may vary from our estimate. We estimate the outcome of any potential patent infringement made known to us through assertion and through our own monitoring of patent-related cases in the relevant
legal systems. To the extent that we determine that an identified potential infringement will more probably than not result in an outflow of resources, we record a provision based on our best estimate of the expenditure required to settle
infringement proceedings. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At various intervals, we give our suppliers and/or subcontractors forecasts of expected purchases and also
sometimes commit to minimum purchase levels during a certain period. The agreements often include compensation clauses for the event that material deviations from original plans regarding production volumes or product mix should occur. As a result
of actual deviations from committed purchase levels or of received actual claims from these suppliers and/or subcontractors, we make provisions for estimated compensation to such suppliers and/or subcontractors. Additionally, provisions are
estimated and accrued for charges as a result of known changes in design specifications that are provided to production subcontractors. Amounts for provisions and subsequent net amounts at settlements are charged to the corresponding item in the
income statement, i.e. costs related to component suppliers, production subcontractors and installation subcontractors are included in Cost of sales. Costs regarding development subcontractors are included in Research&nbsp;&amp; development and
other technical expenses, and costs related to IT-providers and other services are included in operating expenses or Cost of sales depending on the nature of the service. Such provisions are monitored closely on a regular basis, with any
additions/reversals charged or credited to the same account as the initial provision. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>POST-EMPLOYMENT BENEFITS </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Pensions and other post-employment benefits are classified as either defined contribution plans or defined benefit plans. Under a defined contribution
plan, the Company&#146;s only obligation is to pay a fixed amount to a separate entity (a fund), and will have no obligation to pay further contributions if the fund does not hold sufficient assets to pay all employee benefits. The related actuarial
and investment risks fall on the employee. The expenditures for defined contribution plans are recognized as costs during the period when the employee provides service. Under a defined benefit plan it is the Company&#146;s obligation to provide
agreed benefits to current and former employees. The related actuarial and investment risks fall on the Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">57 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The present value of the defined benefit obligations for current and former employees is calculated using the Projected Unit Credit Method. The discount
rate for each country is determined by reference to market yields on high-quality corporate bonds that have maturity dates approximating the terms of the Company&#146;s obligations. In countries where there is no deep market in such bonds, the
market yields on government bonds are used. The calculations are based upon actuarial assumptions and are as a minimum prepared annually. Actuarial assumptions are the Company&#146;s best estimate of the variables that determine the cost of
providing the benefits. When using actuarial assumptions, it is possible that the actual result will differ from the estimated result. These differences are reported as actuarial gains and losses. They are for example caused by unexpectedly high or
low rates of employee turnover, changed life expectancy, salary changes, changes in the discount rate and differences between actual and expected return on plan assets. Actuarial gains and losses are recognized in equity in the period in which they
occur. The Company&#146;s net commitment for each defined benefit plan consists of the present value of pension commitments less the fair value of plan assets and is recognized net on the balance sheet. When the result is a benefit to the Company,
the recognized asset is limited to the total of any cumulative past service cost and the present value of any future refunds from the plan or reductions in future contribution to the plan. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The net of return on plan assets and interest on pension liabilities is reported as financial income or expense, while the current service cost and any
other items in the annual pension cost are reported as operating income or expense. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Pension cost calculated according to IAS 19 differs
from pension cost calculated according to Swedish GAAP. A special payroll tax is calculated on the difference between IAS 19 and local practice. Payroll taxes are recorded as other current liabilities and are recognized as cost in the income
statement. Payroll tax related to actuarial gains and losses are reported in equity together with the recognition of actuarial gains and losses. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>SHARE-BASED EMPLOYEE COMPENSATION </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Share based compensation only relates to remuneration to employees, including key
management personnel. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Stock option plans </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Ericsson has chosen not to apply IFRS 2 to equity instruments granted before November&nbsp;7, 2002, in accordance with IFRS 1 and IFRS 2. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">IFRS 2 is applied for one employee equity settled option program granted after November&nbsp;7, 2002. The vesting period for this program ended during 2005, and Ericsson recognized compensation costs representing the fair value at grant
date of the outstanding employee options. In the balance sheet the corresponding amounts are accounted for as equity. The fair value of the options was calculated using an option-pricing model. The total costs were recognized during the vesting
period (3 years), i.e. the period during which the employees had to fulfill vesting requirements. When the options are exercised, social security charges are to be paid in certain countries on the value of the employee benefit; generally based on
the difference between the market price of the share and the strike price. Such social security charges are accrued during the vesting period. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Stock
purchase plans </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For stock purchase plans, compensation costs are recognized during the vesting period, based on the fair value of the
Ericsson share at the employee&#146;s investment date. The fair value is based upon the share price at investment date adjusted for that no dividends will be received on matching shares prior to matching. The employees pay a price equal to the share
price at investment date for the investment shares. The investment date is considered as the grant date. In the balance sheet the corresponding amounts are accounted for as equity. Vesting conditions are </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">58 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">non-market based and affect the number of shares that Ericsson will match. For shares under performance-based matching programs, the Company assesses the
probability of meeting the performance targets when calculating the compensation costs. Compensation expenses are based on estimates of the number of shares that will match at the end of the vesting period. When shares are matched, social security
charges are to be paid in certain countries on the value of the employee benefit. The employee benefit is generally based on the market value of the shares at the matching date. During the vesting period, estimated such social security charges are
accrued. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>SEGMENT REPORTING </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Financial
information is provided to the Board for both primary and secondary segments. These segments are subject to risks and returns that are different from those of other segments. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Primary segments </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson has the following business segments: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Systems, addressing operators of mobile and fixed public telephone networks. In this segment is included since January&nbsp;1, 2006, businesses acquired from
Marconi. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Phones, addressing distributors of mobile handsets to end users. Financial information for this segment consists of our investment in and share in earnings of Sony
Ericsson. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Other Operations, which consists of a number of different operations addressing different types of customers. Each included operation represents, however, less than
10 percent of total net sales and is therefore considered too small to be reported separately. Included operations are: Network Technologies, Enterprise Systems, Mobile Platform Technology, Power Modules and other. As per September&nbsp;1, 2006, the
major part of the Defense operations was sold and revenue and costs are included in Other operations until that date. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">When determining our business segments, we have looked at which market and to what type of customers our products are aimed, and through what distribution channels they are sold, as well as to commonality regarding technology, research and
development. The Systems segment is regarded as one business segment, where the business units Access, Systems, Global Services and Broadband Networks represent different product lines. This is due to the close technical relation between included
products&#151;they are all integrated components in public telecommunications networks for fixed or mobile communication, subject to common technical systems standards, e.g. GSM, TDMA, CDMA and WCDMA&#151;and due to the common supply and sales
through our own sales organization to operators of public networks, with contracts that as a rule include a mix of products and services from several product lines as well as installation. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our second segment, Phones, is carried out through a joint venture with Sony and develops and sells handsets for mobile telecommunications to
distributors. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our segment Other Operations is composed of a number of smaller operating units, each too small to be reported individually
as a separate segment, and each with different characteristics in terms of products, customers and distribution channels. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Secondary segments
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson operates in five main geographical areas: (1)&nbsp;Western Europe, (2)&nbsp;Central and Eastern Europe, Middle East and
Africa, (3)&nbsp;Asia Pacific, (4)&nbsp;North America and (5)&nbsp;Latin America. These areas represent our geographical segments. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">59 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>BORROWING COSTS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Company does not capitalize any borrowing costs. These costs are expensed as
incurred. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>NON-CURRENT ASSETS HELD FOR SALE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Non-current assets held for sale are measured at the lower of carrying amount and fair value less cost to sell. At present, the amounts related to assets held for sale are insignificant. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>GOVERNMENT GRANTS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Government grants are recognized
when there is a reasonable assurance of compliance with conditions attached to the grants and that the grants will be received. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For
Ericsson, government grants are linked to performance of research or development work or to subsidized capital expenditures as governmental stimulus to employment or investments in a certain country or region. Government grants linked to research
and development are normally deducted in reporting the related expense whereas grants related to assets are accounted for deducting the grant in arriving at the carrying amount of the asset. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>NEW OR AMENDED STANDARDS (IAS/IFRS) </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The new or
amended standards relate to changes in disclosure or presentation and will therefore have no impact on financial result or position. </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>IFRS 7, Financial Instruments: Disclosures, and a complementary amendment to IAS 1, Presentation of Financial Statements&#151;Capital Disclosures (effective
from January&nbsp;1, 2007). IFRS 7 introduces new disclosure requirements to improve the information about financial instruments. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman"
SIZE="2">The amendment to IAS 1 introduces disclosures about the level of an entity&#146;s capital and how it manages capital. The Company will apply IFRS 7 and the amendment to IAS 1 from annual periods beginning January&nbsp;1, 2007. </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>IFRS 8 Operating Segments. This standard prescribes measurement and presentation of segments and replaces IAS 14 Segment reporting. An entity shall apply
this IFRS in its annual financial statements for periods beginning on or after January&nbsp;1, 2009. The Company plans to apply this new standard as from January&nbsp;1, 2009. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>NEW INTERPRETATIONS (IFRIC:s) </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">None of the new
IFRIC:s are expected to have a significant impact on financial result or position. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The following IFRIC:s shall be applied as from
January&nbsp;1, 2007: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>IFRIC Interpretation 7 Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies. This Interpretation provides
guidance on how to apply the requirements of IAS 29 in a reporting period in which an entity identifies the existence of hyperinflation in the economy of its functional currency. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">IFRIC Interpretation 8 Scope of IFRS 2. This interpretation applies to transactions when the identifiable consideration received appears to be less than the fair
value of the equity instruments granted. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">60 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">IFRIC Interpretation 9 Reassessment of Embedded Derivatives. Determines when an entity shall reassess the need for an embedded derivative to be separated.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">IFRIC Interpretation 10 Interim Financial Reporting and Impairment. An entity shall not reverse an impairment loss recognized in a previous interim period in
respect of goodwill or an investment in either an equity instrument or a financial asset carried at cost. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The following
IFRIC:s shall be applied as from January&nbsp;1, 2008: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">IFRIC Interpretation 11 IFRS 2&#151;Group and Treasury Share Transactions. This interpretation addresses issues in relation to such transactions when grants to
equity instruments of the entity are made to employees and treatment of these grants in individual companies. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">IFRIC Interpretation 12 Service Concession Arrangements. This Interpretation gives guidance on the accounting by operators for public-to-private service concession
arrangements. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_2"></A>C2&nbsp;&nbsp;&nbsp;&nbsp;CRITICAL ACCOUNTING ESTIMATES AND JUDGMENTS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The preparation of financial statements
and application of accounting standards often involve management&#146;s judgment or the use of estimates and assumptions deemed to be reasonable and prudent at the time they are made. However, other results may be derived using different assumptions
or estimates and outcomes may occur within the next financial year that could require a material adjustment to the carrying amount of the asset or liability affected. Following are the accounting policies subject to such estimates or assumptions
that we believe could have the most significant impact on our reported results and financial position. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>REVENUE RECOGNITION </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Parts of our sales is generated from large and complex customer contracts. Managerial judgment is applied regarding, among other aspects, contractual
performance, estimated total contract costs, degree of completion and conformance with acceptance criteria to determine the amounts of revenue to be recognized and any loss provisions to be made. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>INVENTORY VALUATION </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Inventories are valued at the
lower of cost or net realizable value. Total inventory reserves as of December&nbsp;31, 2006 amount to SEK 2.6 (2.5)&nbsp;billion or 12 (13)&nbsp;percent of gross inventory. Of the total inventory of SEK 21.5 (19.2)&nbsp;billion, SEK 10.6
(11.6)&nbsp;billion is contract work in progress and SEK 10.9 (7.6)&nbsp;billion is mainly related to components and finished goods. For the contract work in progress inventory, risks are related to the judgements made in relation to revenue
recognition, while for the component and finished goods parts, the inventory risks are more related to technological obsolescence and estimates of net realizable values. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>DEFERRED TAXES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Deferred tax assets are recognized for temporary differences between reported and
taxable income and for unutilized tax loss carryforwards. The largest amounts of tax loss carry-forwards are in Sweden, with an indefinite period of utilization (i.e. with no expiry date). The valuation of tax loss carryforwards and our ability to
utilize tax losses is based upon our estimates of future taxable income in different tax jurisdictions and involves assumptions regarding the deductibility of costs not yet subject to taxation. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At December&nbsp;31, 2006, the value of unutilized tax loss carryforwards amounted to SEK 23,1 (28,0)&nbsp;billion. The deferred tax amounts related to
loss carry-forwards are reported as non-current assets. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">61 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>ACCOUNTING FOR INCOME-, VALUE ADDED- AND OTHER TAXES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Accounting for these items is based upon
evaluation of income, value added tax rules and other taxes in all jurisdictions where we perform activities. The total complexity of all rules related to taxes and the accounting for these require management&#146;s involvement in estimates and
judgments of probable outcomes. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>CAPITALIZED DEVELOPMENT COSTS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Development costs for products that will be sold, leased or otherwise marketed as well as those intended for internal use are capitalized. The starting point for capitalization is based upon management&#146;s judgment
that technological and economical feasibility is confirmed, usually when a product development project has reached a defined milestone according to an established project management model. Capitalization ceases and amortization of capitalized
development amounts begins when the product is available for general use. Impairment testing is performed thereafter whenever there is an indication of impairment. Intangible assets not yet available for use are tested annually. The definition of
amortization period as well as evaluation of future cash flows also requires management&#146;s judgment. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At December&nbsp;31, 2006, the
amount of capitalized development costs amounted to SEK 5.0 (6.1)&nbsp;billion. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>INTELLECTUAL PROPERTY RIGHTS AND OTHER ACQUIRED INTANGIBLE ASSETS,
OTHER THAN GOODWILL </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At initial recognition, future cash flows are calculated, ensuring that the initial carrying values do not exceed
the discounted cash flows for the items of this type of assets. Impairment tests are made sub-sequent to initial recognition whenever there is an indication of impairment. At initial recognition and subsequent measurement, management judgements are
made, both for assumptions and outcomes of calculations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At December&nbsp;31, 2006, the amount of intellectual property rights and other
acquired intangible assets, other than goodwill amounted to SEK 15.6 (0.9) billion. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>PROVISIONS </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Valuation of receivables and exposures in customer financing </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">We monitor the financial stability of our customers and the environment in which they operate to evaluate the likelihood that the individual receivables will be paid. Total allowances for doubtful accounts as of December&nbsp;31, 2006, were
SEK 1.4 (1.4)&nbsp;billion or 2.7 (3.4)&nbsp;percent of our gross trade receivables. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We regularly assess the credit risk, and based on
these assessments we record provisions for outstanding customer financing credits and contingent liabilities, i.e. third party credits under our guarantees. These risk provisions are included in Selling and administrative expenses. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Warranty commitments </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Provisions for product
warranties are based on historic quality rates as well as assumptions on estimated quality rates for new products and costs to remedy the various types of faults predicted. Total provisions for product warranties as of December&nbsp;31, 2006,
amounted to SEK 3.0 (4.8)&nbsp;billion. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">62 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Pension and other post-employment benefits </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Accounting for the costs of defined benefit pension plans
and other applicable post-employment benefits is based on actuarial valuations, relying on key assumptions for discount rates, expected return on plan assets, future salary increases, turnover rates and mortality tables. The discount rate
assumptions are based on rates for high-quality fixed-income investments with durations similar to our pension plans. Expected return on plan assets consider long-term historical returns, allocation of assets and estimates of future long-term
investment returns. At December&nbsp;31, 2006, provisions for pensions and other post-employment benefits amounted to net SEK 6.1 (5.4)&nbsp;billion. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Other provisions </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Other provisions are mainly comprised of contractual obligations and penalties with most of the rest for
risks associated with patent and other litigations, contractual discounts of uncertain timing or amount, supplier or subcontractor claims and/or disputes, as well as provisions for income tax and value added tax unresolved issues and estimated
losses on customer contracts. The nature and type of risks for these provisions differ and judgments related to them receive special attention from the management. At December&nbsp;31, 2006, Other provisions amounted to SEK 8.6 (11.5)&nbsp;billion.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>HEDGE ACCOUNTING AND FOREIGN EXCHANGE RISKS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Foreign exchange risk in highly probable sales in future periods are hedged using foreign exchange derivative instruments designated as cash-flow hedges. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Establishing highly probable sales volumes involves gathering and evaluating sales forecasts for future periods as well as analyzing actual outcome on a regular basis in order to fulfill effectiveness testing
requirements for hedge accounting. Deviations in outcome of sales might result in that the requirements for hedge accounting are not fulfilled. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">63 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_3"></A>C3&nbsp;&nbsp;&nbsp;&nbsp;SEGMENT INFORMATION </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>BUSINESS SEGMENTS (PRIMARY) </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Systems</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Phones</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other<BR>operations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Unallocated</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Eliminations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Group</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">167,570</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10,213</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">177,783</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Inter-segment sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">141</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,376</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;1,517</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total net sales</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>167,711</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>11,589</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#150;1,517</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>177,783</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Share in earnings of JV and associated companies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">65</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,852</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,934</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Operating income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>26,824</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,852</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>895</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>2,257<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>5)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>35,828</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Operating margin (%)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Financial income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,954</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Financial expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#150;1,789</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Income after financial items</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>35,993</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#150;9,557</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>26,436</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B></B>&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income attributable to:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">stockholders of the parent company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">26,251</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">minority interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">185</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Assets </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1) 2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">119,453</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,463</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">77,615</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">205,531</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equity in joint ventures and associated companies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,106</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,041</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">262</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9,409</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>120,559</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8,041</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>8,725</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>77,615</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>214,940</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Liabilities <FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3) 4)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>60,003</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>3,962</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>30,080</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>94,045</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Segment assets include property, plant and equipment, intangible assets, current and non-current customer financing, accounts receivable, inventory, prepaid expenses, accrued
revenues, derivatives and other current assets. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Unallocated assets include mainly cash and cash equivalents, short-term investments and deferred tax assets. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Segment liabilities include accounts payable, provisions, accrued expenses and deferred revenues, advances from customers and other current liabilities. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">4)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Unallocated liabilities include accrued interests, tax liabilities, interest-bearing liabilities and post-employment benefits. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">5)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Unallocated operating income includes the effect of the divesture of the Defense business by SEK 2,963 million. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">64 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Other segment items </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="53%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Systems</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Phones</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other<BR>operations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Unallocated</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Eliminations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Group</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Property, plant and equipment and intangible assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additions/capitalization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">20,888</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>&nbsp;1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,207</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22,095</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Depreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-2,874</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-132</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,007</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Amortization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-3,991</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-209</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;37</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-4,237</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Impairment, net of reversals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-225</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-47</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-272</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Restructuring expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-2,908</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,908</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Gains/losses from divestments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,963</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,945</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Number of employees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">59,484</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,297</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63,781</FONT></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Of which related to the Marconi acquisition SEK 15.4 billion. </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>GEOGRAPHICAL SEGMENTS (SECONDARY) </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="62%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Net sales</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total&nbsp;assets</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Additions/<BR>capitalization&nbsp;of</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>PP&amp;E and</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>intangible&nbsp;assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Number&nbsp;of</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>employees</B></FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Western Europe</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">51,938</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">158,773</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20,653</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38,432</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;of which Sweden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,566</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">125,578</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,819</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19,094</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Central and Eastern Europe, Middle East and Africa</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">50,301</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,598</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">151</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,325</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Asia Pacific</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">43,202</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,394</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">415</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,388</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;of which China</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,766</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,088</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">206</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,938</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">North America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,862</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,893</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">798</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,138</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;of which United States</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13,873</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,231</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">739</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,582</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Latin America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,480</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,282</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">78</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,498</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>177,783</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>214,940</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>22,095</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>63,781</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;of which EU</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">55,888</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">159,310</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20,709</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39,818</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">65 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>BUSINESS SEGMENTS (PRIMARY) </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Systems</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Phones</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other<BR>operations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Unallocated<SUP>5)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Eliminations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Group<SUP>5)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">141,986</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9,835</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">151,821</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Inter-segment sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">113</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,061</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,174</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total net sales</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>142,099</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>10,896</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,174</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>151,821</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Share in earnings of JV and associated companies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">118</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,257</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,395</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Operating income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>30,885</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,257</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>283</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-341</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>33,084</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Operating margin (%)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Financial income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,653</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Financial expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-2,402</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Income after financial items</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>33,335</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-8,875</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>24,460</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income attributable to:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">stockholders of the parent company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24,315</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">minority interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">145</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Assets</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1) 2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">85,958</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10,541</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">106,524</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">203,023</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equity in joint ventures and associated companies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,185</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,044</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">84</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,313</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>87,143</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,044</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>10,625</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>106,524</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>209,336</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Liabilities<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3) 4)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>60,670</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>6,461</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>39,733</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>106,864</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Segment assets include property, plant and equipment, intangible assets, current and non-current customer financing, accounts receivable, inventory, prepaid expenses, accrued
revenues, derivatives and other current assets. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Unallocated assets include mainly cash and cash equivalents, short-term investments and deferred tax assets. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Segment liabilities include accounts payable, provisions, accrued expenses and deferred revenues, advances from customers and other current liabilities. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">4)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Unallocated liabilities include accrued interests, tax liabilities, interest-bearing liabilities and post-employment benefits. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">5)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Ericsson has adopted the option in IAS 19 to recognize actuarial gains or losses directly to equity, and year 2005 figures have been restated accordingly. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">66 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Other segment items </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>


<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Systems</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Phones</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other<BR>operations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Unallocated<SUP>5)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Eliminations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Group<SUP>5)</SUP></B></FONT></TD></TR>

<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Property, plant and equipment and intangible assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additions/capitalization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,166</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">438</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,604</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Depreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,676</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-127</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,804</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Amortization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,976</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-377</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">84</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,269</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Impairment, net of reversals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">271</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">271</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Number of employees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">50,107</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,948</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">56,055</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>GEOGRAPHICAL SEGMENTS (SECONDARY) </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Net sales</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total&nbsp;assets<SUP>2)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Additions/</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>capitalization&nbsp;of</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>PP&amp;E and</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>intangible&nbsp;assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Number&nbsp;of</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>employees</B></FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Western Europe</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41,940</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">154,159</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,565</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35,679</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151; of which Sweden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,110</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">133,448</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,502</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21,178</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Central and Eastern Europe, Middle East and Africa</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40,911</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,891</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">113</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,533</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Asia Pacific</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30,463</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20,290</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">285</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,550</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151; of which China</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,544</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,964</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">123</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,601</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">North America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19,432</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13,754</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">552</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,911</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151; of which United States</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,904</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,988</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">453</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,113</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Latin America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19,075</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13,242</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">89</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,382</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>151,821</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>209,336</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,604</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>56,055</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151; of which EU</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">45,288</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">154,075</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,628</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">36,482</FONT></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Restated for change of geographical segment for Pakistan. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Ericsson has adopted the option in IAS 19 to recognize actuarial gains or losses directly to equity, and year 2005 figures have been restated accordingly. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">67 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>BUSINESS SEGMENTS (PRIMARY) </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Systems</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Phones</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other<BR>operations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Unallocated</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Eliminations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Group</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">121,549</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10,423</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">131,972</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Inter-segment sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,348</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">966</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;2,314</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total net sales</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>122,897</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>11,389</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#150;2,314</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>131,972</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Share in earnings of JV and associated companies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">90</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,143</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">68</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,323</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Operating income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>23,187</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,143</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>1,298</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>78</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>26,706</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Operating margin (%)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">19</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Financial income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,541</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Financial expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-4,081</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Income after financial items</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>26,166</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-8,330</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>17,836</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income attributable to:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">stockholders of the parent company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">17,539</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">minority interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">297</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Assets</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1) 2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">66,973</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9,452</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">105,606</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">182,031</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equity in joint ventures and associated companies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">961</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,092</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">97</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,155</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>67,934</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,092</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>9,549</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>105,611</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>186,186</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Liabilities<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3) 4)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>54,728</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>6,627</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>43,329</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>104,684</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Segment assets include property, plant and equipment, intangible assets, current and non-current customer financing, accounts receivable, inventory, prepaid expenses, accrued
revenues, derivatives and other current assets. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Unallocated assets include mainly cash and cash equivalents, short-term investments and deferred tax assets. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Segment liabilities include accounts payable, provisions, accrued expenses and deferred revenues, advances from customers and other current liabilities. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">4)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Unallocated liabilities include accrued interests, tax liabilities, interest-bearing liabilities and post-employment benefits. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Other segment items </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="53%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Systems</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Phones</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other<BR>operations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Unallocated</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Eliminations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Group</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Property, plant and equipment and intangible assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additions/capitalization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,898</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">399</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,297</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Depreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,224</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-209</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,434</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Amortization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-4,381</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-82</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-4,452</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Impairment, net of reversals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-61</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-35</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-118</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">68 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2"><B>GEOGRAPHICAL SEGMENTS (SECONDARY)</B> </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Net sales</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Additions/</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>capitalization&nbsp;of</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>PP&amp;E and</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>intangible&nbsp;assets</B></FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Western Europe</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40,542</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,571</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;of which Sweden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,180</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,868</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Central and Eastern Europe, Middle East and Africa</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33,075</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">86</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Asia Pacific</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28,406</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">227</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;of which China</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,298</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">130</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">North America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,471</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">320</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;of which United States</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13,984</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">165</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Latin America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,478</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>131,972</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,297</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;of which EU</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42,366</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,620</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Restated due to new members in EU as of May, 2004. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Restated for change of geographical segment for Pakistan. </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_4"></A>C4&nbsp;&nbsp;&nbsp;&nbsp;REVENUES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The majority of Ericsson&#146;s products and services are sold as parts of
contracts including multiple elements. The nature of the products and services being sold, and the contractual terms taken as a whole, determine the appropriate revenue recognition method. The contracts are of three main types: </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2004&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales of equipment and network rollout</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>142,191</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">125,856</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">110,985</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Of which:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;Delivery-type contracts</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>127,639</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">107,844</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">87,666</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;Construction-type contracts</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>14,552</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18,012</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23,319</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Service sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>32,380</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23,477</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19,301</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Licenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,212</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,488</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,686</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net sales</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>177,783</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">151,821</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">131,972</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other revenues</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capital gains and other operating revenues</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,192</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,760</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,119</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Interest income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,774</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,310</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,346</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Dividends</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>7</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">69 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_5"></A>C5&nbsp;&nbsp;&nbsp;&nbsp;EXPENSES BY NATURE </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2004&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Goods and services</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>108,033</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">86,630</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">71,842</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Amortization and depreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>7,244</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,073</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,886</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Impairments, net of reversals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>876</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">508</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,786</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Employee remunerations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>42,821</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">34,458</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32,356</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Interest expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,789</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,402</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,081</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>9,557</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,875</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,330</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Expenses incurred</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>170,320</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">138,946</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">126,281</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Less:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Inventory changes</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,791</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,872</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,526</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additions to Capitalized development</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,353</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,174</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,138</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Expenses charged to the Income Statement</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>165,176</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">134,900</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">122,617</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The inventory changes are based on changes of inventory values prior to allowances (gross value). </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_6"></A>C6&nbsp;&nbsp;&nbsp;&nbsp;OTHER OPERATING INCOME </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2004&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Gains on sales of intangible assets and PP&amp;E</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>27</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">111</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Losses on sales of intangible assets and PP&amp;E</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-158</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-120</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-229</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Gains on sales of investments and operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,038</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">205</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">510</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Losses on sales of investments and operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-93</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-149</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-273</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capital gains/losses, net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,814</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-35</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">119</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other operating revenues</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,127</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,526</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,498</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total other operating income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,941</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,491</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,617</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The gains on sales of investments and operations for 2006 mainly relate to the sale of Ericsson
Microwave Systems in the third quarter. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_7"></A>C7&nbsp;&nbsp;&nbsp;&nbsp;FINANCIAL INCOME AND EXPENSES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2004&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Financial income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Income from securities and receivables accounted for as non-current assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>369</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">293</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">354</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other interest income and similar Profit/loss items</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,585</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,360</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,187</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,954</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,653</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,541</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Financial expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Interest expenses and similar profit/loss items</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,789</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,402</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-4,081</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Financial net</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>165</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">251</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-540</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">70 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_8"></A>C8&nbsp;&nbsp;&nbsp;&nbsp;TAXES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2"><B>INCOME STATEMENT</B> </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The following items are included in Taxes: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2004&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Current income taxes for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-4,565</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,635</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,324</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Current income taxes related to prior years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-169</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">138</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-637</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Deferred tax income/expense (&#150;) related to temporary differences</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,582</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-4,753</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-4,635</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Share of taxes in joint ventures and associated companies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,241</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-625</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-734</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Taxes</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-9,557</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-8,875</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-8,330</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A reconciliation between actual tax income (&#150; expense) for the year and the theoretical tax
income (&#150;&nbsp;expense) that would arise when applying statutory tax rate in Sweden, 28 percent on income before taxes is shown in the table: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2004&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Income after financial items</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>35,993</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33,335</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26,166</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Tax rate in Sweden (28%)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-10,078</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-9,334</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-7,327</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Effect of foreign tax rates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-156</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-489</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-286</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Current income taxes related to prior years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-169</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">138</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-637</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Benefits from temporary differences of prior periods used to reduce deferred tax expense</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>505</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">380</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Tax effect of expenses that are non-deductible for tax purpose</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,333</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-515</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-910</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Tax effect of income that are non-taxable for tax purpose</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,608</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">944</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">855</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Tax effect of changes in tax rates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>66</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-27</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Taxes</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-9,557</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-8,875</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-8,330</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>BALANCE SHEET </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Deferred tax assets and liabilities </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Tax effects of temporary differences, including unutilized tax loss carryforwards, have
resulted in deferred tax assets and liabilities as follows: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Deferred tax assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>13,564</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18,519</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Deferred tax liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>382</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">391</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Deferred tax assets relate to tax loss carryforwards of SEK 6,756&nbsp;million and temporary
differences of SEK 6,808&nbsp;million, which are related to deferred tax on eliminated group adjustments SEK 1,391&nbsp;million, warranty commitments SEK 787&nbsp;million, obsolescence allowance SEK 609&nbsp;million, allowance for receivables SEK
375&nbsp;million and other provisions and accruals SEK 3,646 million. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Deferred tax asset are amounts recognized in countries where we
expect to be able to generate corresponding taxable income in the future to benefit from tax reductions. The significant tax loss carryforwards are related to countries with long or indefinite periods of utilization, mainly Sweden and the US. Of the
total deferred tax assets for tax loss carryforwards, SEK 6,756&nbsp;million, SEK 5,271&nbsp;million relate to Sweden with indefinite time of utilization. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">71 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">With our strong current financial position and profitability during 2006, we have been able to use part of our tax loss carryforwards during the year, and
we are convinced that Ericsson will be able to generate sufficient income in the coming years to utilize also remaining parts. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Deductible
temporary differences and unused tax losses for which no deferred tax asset is recognized in the balance sheet amounted to approximately SEK 80 million. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Investments in subsidiaries </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Due to losses in certain subsidiary companies, the book value of certain investments in those
subsidiaries are less than the tax value of these investments. Since deferred tax assets have been reported with respect also to losses in these companies, and due to the uncertainty as to which deductions can be realized in the future, no
additional deferred tax assets are reported. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Tax loss carryforwards </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Deferred tax assets regarding unutilized tax loss carryforwards are reported to the extent that realization of the related tax benefit through the future taxable profits is probable also when considering the period
during which these can be utilized, as described below. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At December&nbsp;31, 2006, these unutilized tax loss carryforwards amounted to SEK
23,137 (28,034)&nbsp;million. The tax effect of these tax loss carryforwards are reported as an asset. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The final years in which these loss
carryforwards can be utilized are shown in the following table: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Year of expiration</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Tax loss<BR>carryforwards</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Tax<BR>effect</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2007</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2008</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2009</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">128</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2010</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">388</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">125</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2011</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">350</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">114</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2012 or later</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22,138</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,438</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>23,137</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,756</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Tax effects reported directly to stockholders&#146; equity </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Tax effects reported to equity amount to SEK &#150;769 (1,523 )million, of which hedge accounting SEK &#150;676 million and actuarial gains/losses on
pensions SEK &#150;93 million. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_9"></A>C9&nbsp;&nbsp;&nbsp;&nbsp;EARNINGS PER SHARE </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2004&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income attributable to stockholders of the parent company<BR>(SEK million)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,251</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,315</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,539</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Average number of shares outstanding, basic (millions)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,871</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,843</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,829</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Earnings per share, basic (SEK)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.65</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.53</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.11</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income attributable to stockholders of the parent company<BR>(SEK million)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,251</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,315</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,539</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Average number of shares outstanding, diluted (millions) </FONT><FONT FACE="Times New Roman" SIZE="1"
COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,943</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,907</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,895</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Earnings per share, diluted (SEK)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.65</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.53</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.11</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">72 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000"
ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Includes the sum of the average number of ordinary shares outstanding and dilutive potential ordinary shares for Ericsson&#146;s stock option and purchase plans.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The number of dilutive shares for option programs was 17.5&nbsp;million and for stock purchase programs 54.7&nbsp;million,
as per December&nbsp;31, 2006. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_10"></A>C10&nbsp;&nbsp;&nbsp;&nbsp;INTANGIBLE ASSETS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Capitalized development costs</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Goodwill</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Intellectual property rights</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>To be<BR>marketed</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Acquired<BR>costs for<BR>internal&nbsp;use</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Internal<BR>costs,&nbsp;for<BR>internal&nbsp;use</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Licenses<BR>trademarks<BR>and similar<BR>rights</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Patents and<BR>acquired</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>research&nbsp;and</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>development</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated acquisition costs</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,983</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,638</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,094</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>14,715</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>7,362</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,065</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,373</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,438</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Acquisitions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,353</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,353</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>163</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">792</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">363</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,155</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Balances regarding divested/ acquired businesses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,711</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11,937</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,648</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales/disposals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-948</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-36</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,008</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-173</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-188</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-361</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-701</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-78</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-6</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-84</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>12,388</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,602</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,070</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,060</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,824</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>5,317</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>13,479</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>18,796</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated amortization</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B></B>Opening balance<B></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-5,192</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,549</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,033</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-7,774</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-882</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-603</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,485</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Amortization for the year</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman"
SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,195</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-49</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-33</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-2,277</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-452</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-1,508</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,960</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales/disposals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">948</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">36</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,008</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">110</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">155</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>265</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">44</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>47</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-6,439</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,562</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,042</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-9,043</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-1,180</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-1,953</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,133</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated impairment losses</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-716</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-38</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-26</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-780</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-14</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-14</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Impairment losses for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-242</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-242</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-958</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-38</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-26</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,022</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-14</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-14</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net carrying value</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,991</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,995</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,824</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>4,137</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>11,512</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,649</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">As per January 1, 2006, Ericsson acquired assets of Marconi telecommunications operations. The acquisition consists of IPR, SEK 11.7 billion, and brands and customer relationships,
SEK 3.6 billion. The remaining amortization period related to the intellectual property rights acquired from Marconi is nine years. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">No intangible assets other than goodwill have indefinite useful lives. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Amortization and impairment losses for capitalized development costs is reported as research and development and other technical expenses. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">73 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The goodwill is allocated to the business segment Systems, representing one cash-generating unit due to that the goodwill is related to acquisitions of
internet protocol (IP) competence and know-how. IP technology is an integrated part of the products within Systems and separate prices are not defined or invoiced to the customers for this technology. The estimates used for measuring the recoverable
amounts for goodwill per cash-generating unit include mainly assumptions for the following key parameters: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>sales growth, </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>development of operating margin, reduced with estimated tax expense, </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>capital expenditure requirements, including working capital </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The assumptions, approved by management, are based on available industry sources that provide estimates of the number of mobile subscribers. The number of global subscriptions is estimated to grow from 2.7 billion to
more than 4 billion within five years. The minutes of usage per user will also continue to increase. Impairment testing is based on the premise that changes for the main assumptions are in line with the development for the global subscriber growth,
based on detailed assumptions for four years, with a slight decrease thereafter. The impairment test for goodwill has not resulted in any impairment. A number of tests of sensivity have been made, for example the effect of a growth of just one
percent per year. None of these tests indicate impairment. The management&#146;s view is that it is unlikely that an outcome for the key parameters will occur that would result in impairment. A pre-tax discount rate of 12 percent has been applied
for the discounting of projected cash flows. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Capitalized development costs</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Goodwill</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Intellectual property rights</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>To be<BR>marketed</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Acquired<BR>for&nbsp;internal<BR>use</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Internal<BR>costs,&nbsp;for<BR>internal&nbsp;use</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Licenses<BR>trademarks</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>and similar</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>rights</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Patents and<BR>acquired</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>research&nbsp;and</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>development</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated acquisition costs</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,876</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,638</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,094</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>14,608</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,766</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,022</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,118</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,140</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Acquisitions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,174</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,174</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>512</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">515</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>553</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Balances regarding divested/ acquired businesses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales/disposals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,067</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,067</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-73</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-276</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-349</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,084</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">67</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>83</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11,983</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,638</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,094</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>14,715</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>7,362</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,065</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,373</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,438</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated amortization</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B></B>Opening balance<B></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,458</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,424</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-950</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-5,832</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-901</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-477</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,378</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Amortization for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,801</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-125</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-83</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,009</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-252</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-260</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Balances regarding divested/ acquired businesses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-7</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales/disposals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,067</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,067</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">78</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">134</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>212</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-44</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-52</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-5,192</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,549</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,033</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-7,774</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-882</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-603</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,485</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated impairment losses</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-621</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-38</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-26</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-685</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-14</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Impairment losses for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-95</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-95</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-716</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-38</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-26</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-780</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-14</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-14</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net carrying value</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,075</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>51</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>35</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,161</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>7,362</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>183</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>756</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>939</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">74 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_11"></A>C11&nbsp;&nbsp;&nbsp;&nbsp;PROPERTY, PLANT AND EQUIPMENT </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="49%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Real&nbsp;estate</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Machinery&nbsp;and</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>other technical</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Other</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>equipment,</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>tools and</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>installations</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Construction&nbsp;in</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>process and</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>advance</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>payments</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated acquisition costs</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,512</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,200</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,146</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">287</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,145</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">772</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">931</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,264</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">860</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,827</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Balances regarding divested/acquired businesses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">624</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-337</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>306</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales/disposals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-47</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,036</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,448</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-45</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,576</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reclassifications</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">59</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">552</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-632</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-331</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-157</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,042</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,554</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,551</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,135</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>457</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>25,148</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated amortization</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,119</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-4,285</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-13,106</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-18,510</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Depreciation for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-206</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-706</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,095</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,007</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Balances regarding divested/acquired businesses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">156</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">542</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>698</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales/disposals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,043</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,178</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,261</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reclassifications</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">45</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">111</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">773</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>929</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,212</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,679</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-11,738</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-16,629</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated impairment losses, net</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-359</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-145</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-165</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-669</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Impairment losses for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-61</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversals of impairment losses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>31</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Balances regarding divested/acquired businesses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales/disposals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">53</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>61</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-306</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-154</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-178</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-638</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net carrying value</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,033</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,172</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,219</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>457</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>7,881</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Contractual commitments for the acquisition of property, plant and equipment as per
December&nbsp;31, 2006, amounted to SEK 190 (1,448)&nbsp;million. The reversal of impairment losses have been reported under Cost of sales. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">75 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="49%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Real&nbsp;estate</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Machinery&nbsp;and</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>other technical</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Other</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>equipment,</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>tools and</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>installations</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Construction&nbsp;in</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>process and</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>advance</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>payments</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated acquisition costs</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,657</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,306</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,350</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">303</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>23,616</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">461</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">405</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,745</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">754</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,365</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Balances regarding divested/acquired businesses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales/disposals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-196</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-582</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,001</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-2,796</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reclassifications</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">229</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-121</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">659</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-767</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">347</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">206</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,369</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,936</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,512</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,200</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>17,146</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>287</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,145</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated amortization</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-583</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-4,374</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-11,652</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-16,609</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Depreciation for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-366</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-489</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,949</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-2,804</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Balances regarding divested/acquired businesses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-21</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-11</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales/disposals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">96</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">562</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,685</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,343</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reclassifications</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">173</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-169</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-259</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-170</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,429</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,119</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-4,285</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-13,106</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-18,510</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated impairment losses, net</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-482</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-148</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-532</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,162</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Impairment losses for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-14</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversals of impairment losses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">43</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">337</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>380</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Balances regarding divested/acquired businesses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales/disposals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">81</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>128</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-359</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-145</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-165</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-669</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net carrying value</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,034</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>770</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,875</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>287</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,966</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_12"></A>C12&nbsp;&nbsp;&nbsp;&nbsp;FINANCIAL ASSETS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>EQUITY IN JOINT VENTURES AND ASSOCIATED COMPANIES </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Joint ventures</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Associated&nbsp;companies</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,038</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,092</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,275</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,063</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,313</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,155</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Share in earnings</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,852</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,257</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>82</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">138</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,934</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,395</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,237</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-604</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-4</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-21</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,241</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-625</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-422</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">286</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-9</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">92</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-431</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">378</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Change in hedge reserve</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-30</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-30</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Dividends</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,160</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-102</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-32</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,262</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-32</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capital contributions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>201</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>201</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reclassification</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-8</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-8</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Disposals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-67</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-67</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8,041</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,038</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,368</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,275</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>9,409</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,313</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Goodwill, net, amounts to SEK 18 (21)&nbsp;million. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">76 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>ERICSSON&#146;S SHARE OF ASSETS, LIABILITIES AND INCOME IN JOINT VENTURE SONY ERICSSON MOBILE COMMUNICATIONS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="89%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Non-current assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,963</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Current assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21,268</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Non-current liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">87</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Current liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,103</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8,041</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net sales</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>50,770</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Income after financial items</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,006</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Income taxes for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,237</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,769</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income attributable to:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stockholders of the Parent Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,615</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Minority interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">154</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Assets pledged as collateral</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Contingent liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">56</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Both these companies apply IFRS in the reporting to Ericsson. </FONT></P> <P
STYLE="margin-top:10px;margin-bottom:0px;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2"><B>ERICSSON&#146;S SHARE OF ASSETS, LIABILITIES AND INCOME IN ASSOCIATED COMPANY ERICSSON NIKOLA TESLA D.D.<FONT
FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> </FONT></B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="91%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Non-current assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">367</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Current assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">804</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Non-current liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Current liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">222</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>948</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net sales</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,014</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Income after financial items</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">164</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Income taxes for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-19</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>145</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income attributable to:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stockholders of the Parent Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">145</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Minority interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Assets pledged as collateral</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Contingent liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Ericsson&#146;s share is 49 percent. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">77 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>OTHER FINANCIAL ASSETS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Other investments</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>in shares and</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>participations</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Customer</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>financing,</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>non-current</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Derivatives&nbsp;hedging</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>non-current&nbsp;liabilities</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>with&nbsp;a&nbsp;positive&nbsp;value</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Other</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>financial assets,</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>non-current</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated acquisition costs</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>2,336</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,318</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>2,372</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,330</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>716</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>3,199</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,312</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Effect of changed accounting principle, IAS 39</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">256</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">937</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>82</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>1,760</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">689</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>617<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,888</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Balances regarding divested/acquired businesses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-84</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Disposals/repayments/deductions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-286</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-467</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-1,755</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,215</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-149</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,191</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reclassifications</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-35</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-697</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-401</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Revaluation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-600</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">180</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-133</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">205</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-72</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">265</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-136</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">190</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>1,999</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,336</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>2,270</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,372</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>116</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">716</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>3,447</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,199</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated impairment losses/allowances</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-1,531</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;1,775</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-1,050</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,180</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-1,119</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,076</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Effect of changed accounting principle, IAS 39</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">155</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Impairment losses/allowances for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-8</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-84</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;128</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-81</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Balances regarding divested businesses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Disposals/repayments/deductions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>155</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">225</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>727</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">807</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reclassifications</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>31</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">559</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>106</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-135</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>27</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-108</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>46</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-55</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-1,278</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,531</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-349<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,050</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-1,154</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,119</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net carrying value</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>721<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">805</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>1,921</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,322</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>116</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">716</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>2,293</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,080</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Fair value per December&nbsp;31, 2006, for listed shares was SEK 6 (8)&nbsp;million with a net carrying value of SEK&nbsp;6 (8)&nbsp;million. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Impairment losses are included in Selling expenses due to the close relation to operations. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Additions include funded pension plans with net assets of SEK 381 (453)&nbsp;million. For further information, see Note C17, &#147;Post-employment benefits&#148;.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_13"></A>C13&nbsp;&nbsp;&nbsp;&nbsp;INVENTORIES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Raw materials, components and consumables</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,902</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,699</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Manufacturing work in progress</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>213</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">139</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Finished products and goods for resale</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,781</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,770</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Contract work in progress</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11,171</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,753</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Less advances from customers</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-597</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,153</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Inventories, net</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>21,470</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19,208</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Reported amounts are net of obsolescence allowances of SEK 2,578 (2,519)&nbsp;million. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">78 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2005 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>MOVEMENTS IN OBSOLESCENCE ALLOWANCES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,519</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,146</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>857</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">785</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Utilized</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-693</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,560</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-81</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">148</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Balances regarding acquired/divested businesses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-24</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,578</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,519</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Contract work in progress includes amounts related to construction-type contracts as well as other
contracts with ongoing work in progress. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The cost of inventories recognized as an expense and included in Cost of sales was SEK 54,479
(44,662)&nbsp;million. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>CONSTRUCTION-TYPE CONTRACTS IN PROGRESS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">For construction-type contracts in progress:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Aggregate amounts of costs incurred</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>12,255</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">23,244</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Aggregate amount of recognized profits (less recognized losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,735</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,416</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Gross amount due from customers</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman"
SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,537</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">537</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Gross amount due to customers</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3)</SUP></FONT><FONT FACE="Times New Roman"
SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>785</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,118</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">A significant part of these amounts relate to contracts in the Defense business sold in September, 2006. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">For all contracts in progress for which costs incurred plus recognized profits (less recognized losses) exceeds progress billings. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">For all contracts in progress for which progress billings exceed costs incurred plus recognized profits (less recognized losses). </FONT></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The aggregate amounts of costs incurred relate to all construction-type contracts that where not finalized as per December&nbsp;31, 2006 and include all
costs incurred since the start of these projects, including any costs incurred prior to January&nbsp;1, 2006. Net sales for construction-type contracts for 2006 amounts to SEK&nbsp;14,552&nbsp;million, see note C4, &#147;Revenues&#148;. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_14"></A>C14&nbsp;&nbsp;&nbsp;&nbsp;TRADE RECEIVABLES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Trade receivables excluding associated companies and joint ventures</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>51,846</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42,198</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Allowances for impairment of receivables</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,372</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,382</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Trade receivables, net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>50,474</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40,816</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Trade receivables related to associated companies and joint ventures</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>596</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">426</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>51,070</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41,242</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Days sales outstanding were 86 (81)&nbsp;in December, 2006. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Retention receivables recognized as revenues were SEK 4,680 (3,940)&nbsp;million as of December&nbsp;31, 2006. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">79 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>MOVEMENTS IN ALLOWANCES FOR IMPAIRMENT OF RECEIVABLES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,382</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,782</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>686</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">916</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Utilized</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-139</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,185</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversal of excess amounts</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-527</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-185</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reclassification</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>56</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-60</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-86</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">114</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,372</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,382</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_15"></A>C15&nbsp;&nbsp;&nbsp;&nbsp;OTHER CURRENT RECEIVABLES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Prepaid expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,212</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,997</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Accrued revenues</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,124</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,998</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Advance payments to suppliers</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>666</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">517</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Derivatives with a positive value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,802</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,347</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>7,208</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,715</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,012</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,574</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The major item within &#147;other&#148; is value added tax. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_16"></A>C16&nbsp;&nbsp;&nbsp;&nbsp;EQUITY </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Capital stock 2006 </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Capital stock at December&nbsp;31, 2006, consisted of the following: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Parent company</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Number of shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Capital<BR>stock</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Class&nbsp;A shares</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,308,779,918</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,309</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Class B shares</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,823,478,760</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,823</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16,132,258,678</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16,132</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The capital stock of the Company is divided into two classes: Class&nbsp;A shares (quota value SEK
1.00) and Class B shares (quota value SEK 1.00). Both classes have the same rights of participation in the net assets and earnings of the Company. Class&nbsp;A shares, however, are entitled to one vote per share while Class B shares are entitled to
one tenth of one vote per share. No class C shares, each carrying one-thousandth of one vote, currently exist. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The total number of
treasury shares at December&nbsp;31, 2006, was 251,013,892 (268,065,241 in 2005, 299,715,117 in 2004) Class B shares. The number of treasury shares decreased during 2006 due to delivery and sale of shares in relation to the Stock Purchase Plans and
the Stock Option Plans. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>RECONCILIATION OF NUMBER OF SHARES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Number of shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Capital</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>stock</B></FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Number of shares, Jan 1, 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132,258,678</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Number of shares, Dec 31, 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132,258,678</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">80 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Dividend proposal </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Board of Directors will propose to the Annual General Meeting a dividend of
SEK 0.50&nbsp;per share. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="41%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Capital<BR>stock</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Additional<BR>paid in<BR>capital</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Revaluation<BR>of other<BR>investments<BR>in shares and<BR>participations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Cash&nbsp;Flow<BR>hedges</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Cumulative<BR>translation<BR>adjustments</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Retained<BR>earnings</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Stock-<BR>holders&#146;<BR>equity</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Minority<BR>interest</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total<BR>Equity</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>January&nbsp;1, 2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16,132</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24,731</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-704</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-2,493</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>63,951</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>101,622</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>850</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>102,472</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Actuarial gains and losses related to pensions and payroll tax</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">440</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>440</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>440</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Revaluation of other investments in shares and participations</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fair value measurement reported in equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-2</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Cash flow hedges</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fair value remeasurement of derivatives reported in equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,100</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,100</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,100</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Transferred to income statement for the period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,990</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,990</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,990</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Transferred to balance sheet for the period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">99</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>99</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>99</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Changes in cumulative translation effects due to changes in foreign currency exchange rates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-3,028</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,028</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-91</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,119</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Tax on items reported directly in/or transferred from equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-628</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-48</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-93</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-769</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-769</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total transactions reported directly in equity</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-2</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,581</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-3,076</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>347</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,150</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-90</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,240</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,251</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,251</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>185</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,436</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total income and expenses recognized for the period</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-2</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,581</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-3,076</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,598</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>25,101</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>95</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>25,196</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sale of own shares</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">58</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>58</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>58</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock Purchase and Stock Option Plans</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">473</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>473</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>473</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Dividends paid</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-7,141</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-7,141</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-202</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-7,343</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock issue, net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>70</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Business combinations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-31</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-31</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>December&nbsp;31, 2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16,132</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24,731</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>877</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-5,569</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>83,939</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>120,113</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>782</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>120,895</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Changes in cumulative translation adjustments include changes regarding revaluation of goodwill in local currency of SEK-701 million (SEK 1,084&nbsp;million in 2005, SEK -376
million in 2004), net gain/loss from hedging activities of foreign entities, SEK 123&nbsp;million (SEK-142 million in 2005, SEK-167 million in 2004) and SEK-1 million (SEK 127&nbsp;million in 2005, SEK 47&nbsp;million in 2004) of realized
gain/losses net from sold/liquidated companies. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Deferred tax on gains on hedges on net investments in foreign entities, SEK 171&nbsp;million pre tax. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">81 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="38%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Capital<BR>stock</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Additional<BR>paid in<BR>capital</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Revaluation<BR>of other<BR>investments<BR>in shares and<BR>participations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Cash<BR>Flow<BR>hedges</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Cumulative<BR>translation<BR>adjustments</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Retained<BR>earnings</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Stock-<BR>holders&#146;<BR>equity</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Minority<BR>interest</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total<BR>Equity</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>January&nbsp;1, 2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16,132</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24,731</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-6,530</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>45,372</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>79,705</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,057</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>80,762</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Changes in accounting policy</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">155</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,155</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">179</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,489</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,489</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Adjusted opening balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16,132</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24,731</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>155</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,155</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-6,530</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>45,551</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>81,194</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,057</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>82,251</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Actuarial gains and losses related to pensions and payroll tax</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,221</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,221</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,221</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Revaluation of other investments in shares and participations</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fair value measurement reported in equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Transferred to income statement at sale</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-147</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-147</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-147</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Cash flow hedges</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fair value remeasurement of derivatives reported in equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,961</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,961</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,961</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Transferred to income statement for the period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,404</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,404</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,404</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Changes in cumulative translation effects due to changes in foreign currency exchange rates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,118</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,118</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">147</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,265</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Tax on items reported directly in transferred from equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">698</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-81</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">906</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,523</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,523</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total transactions reported directly in equity</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-150</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,859</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,037</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-2,315</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-287</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>147</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-140</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24,315</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24,315</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>145</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24,460</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total income and expenses recognized for the period</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-150</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,859</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,037</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>22,000</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24,028</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>292</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24,320</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sale of own shares</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">117</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>117</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>117</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock Purchase and Stock Option Plans</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">242</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>242</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>242</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Dividends paid</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,959</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-3,959</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-174</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-4,133</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock issue, net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>17</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Business combinations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-342</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-342</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>December&nbsp;31, 2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16,132</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24,731</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-704</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-2,493</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>63,951</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>101,622</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>850</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>102,472</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">82 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="36%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Capital</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>stock</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Additional<BR>paid in<BR>capital</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Revaluation<BR>of other<BR>investments<BR>in shares and<BR>participations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Cash<BR>Flow<BR>hedges</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Cumulative<BR>translation<BR>adjustments</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Retained<BR>earnings</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Stock-<BR>holders&#146;<BR>equity</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Minority<BR>interest</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total<BR>Equity</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2004</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>January&nbsp;1, 2004</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,729</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-5,395</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28,354</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>63,820</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,299</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>66,119</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Actuarial gains and losses related to pensions and payroll tax</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,059</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,059</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,059</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Changes in cumulative translation effects due to changes in foreign currency exchange rates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,200</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,200</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-65</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,265</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Tax on items reported directly in/or transferred from equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">65</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">319</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>384</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>384</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total transactions reported directly in equity</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,135</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-740</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,875</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-65</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,940</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net income</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>17,539</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>17,539</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>297</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>17,836</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total income and expenses recognized for the period</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,135</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16,799</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,664</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>232</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,896</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sale of own shares</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock Purchase and Stock Option Plans</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">204</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>204</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>204</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Dividends paid</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-292</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-292</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Business combinations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,182</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,182</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Adjustment of stock issue 2002</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>December&nbsp;31, 2004</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16,132</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24,731</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-6,530</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>45,372</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>79,705</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,057</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>80,762</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_17"></A>C17&nbsp;&nbsp;&nbsp;&nbsp;POST-EMPLOYMENT BENEFITS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In summary, during 2006 the overall funded ratio in our
plans for post-employment benefits was kept on almost the same level as last year, 74.7 percent compared to 75.2 percent. The funded ratio is defined as total plan assets in relation to total defined benefit obligations (DBO). The slight decrease of
this ratio is mainly due to the acquisition of Marconi. In the acquisition of Marconi, Ericsson took over the responsibility for pension plans with a total DBO amounting to SEK 1,755&nbsp;million (of which fully funded plans were SEK 909 million)
and plan assets amounting to SEK 939 million. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson participates in a number of local post-employment benefit plans throughout the
world. The plans benefit levels are in line with market practice in each country. There are principally two types of plans: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>Defined contribution plans, i.e. post-employment benefit plans where Ericsson pays fixed contributions into separate entities and will have no legal or
constructive obligation to pay further contributions if the fund does not hold sufficient assets to pay all employee benefits relating to employee service in current </FONT>
</P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">83 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:0%">
<FONT FACE="Times New Roman" SIZE="2">and prior periods. In consequence, actuarial risks and investment risks fall on the employee. The expenditures for defined contribution plans are recognized
as costs during the period when the employee provides service. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>Defined benefit plans, i.e. post-employment benefit plans where Ericsson&#146;s undertaking is to provide pre-determined benefits that the employees will
receive on or after retirement. Benefit formulas are usually dependent on one or more factors such as age, years of service and salary. Actuarial risks and investment risks fall on the employer. Defined benefit plans may be funded or unfunded.
Within Ericsson, almost all plans are fully or partly funded. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Actuarial gains and losses may arise from either a change
in actuarial assumptions or in deviations between estimated outcome and actual outcome. During 2004, IASB amended IAS 19 and introduced a new alternative way in which actuarial gains and losses may be recognized. The amended IAS 19 was endorsed by
the EU in 2005. The new alternative permits immediate recognition of actuarial gains and losses directly in equity disclosed in a statement of recognized income and expense (SORIE). Ericsson has adopted the new method as from January&nbsp;1, 2006.
Earlier reporting periods have been restated accordingly. As a one time effect, provisions for post-employment benefits increased by SEK 3.5 billion at January&nbsp;1, 2006. Costs for post-employment benefits within Ericsson are distributed between
defined contribution plans and defined benefit plans, with at trend towards defined contribution plans. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Almost all companies with material
defined benefit plans have trust funds which fully or partly secure the obligations for pension. The net of DBO and plan assets is recognized as provisions for post-employment benefits in the balance sheet. Plans with a net surplus, i.e. where plan
assets exceed DBO, are reported as financial assets. None of the Company&#146;s plans with net surplus are affected by a ceiling rule, which in some cases can limit the amount reported as assets. The net periodic pension cost and the present value
of DBO for current and former employees are calculated using the Projected Unit Credit Method (PUC). The calculations are based upon actuarial assumptions and are prepared annually by certified actuaries. Some of our defined benefit plans throughout
the world have been closed for new entrance and will gradually be replaced by defined contribution plans. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In Sweden, the total pension
schemes are a mixed solution, with some parts being defined contribution plans and others defined benefit plans. All plans for blue-collar workers are defined contribution plans. Plans for salaried employees consists of a defined contribution plan,
ITPK (supplementary retirement benefits), and a defined benefit plan, ITP (occupational pension for salaried employees in manufacturing industries and trade). Thereof the retirement pension part of the ITP-plan DBO is partly secured through the
Swedish pension trust. The disability- and survivors&#146; pension part of the ITP-plan DBO is secured through an insurance solution with the insurance company Alecta. This part of the plan is classified as a multi-employer defined benefit plan. It
has not been possible, however, for Ericsson to get sufficient information to account for the plan as a defined benefit plan. The plan has therefore been accounted for as a defined contribution plan. Fees during 2006 for the disability- and
survivors&#146; pension amount to SEK 389&nbsp;million (SEK 350&nbsp;million in 2005). The collective consolidation level at Alecta was 143.1 percent at year-end 2006 (128.5 percent in 2005). The collective consolidation level is calculated as the
market value on Alecta&#146;s asset portfolio in relation to insurance obligations according to actuarial assumptions set by Alecta, which do not comply with IAS 19. Substantially higher or lower surplus may give rise to future premium changes or
refunds. The parties on the Swedish labor market have agreed to launch a new ITP-plan during 2007. The new plan is a defined contribution plan and will be open for new participants in the ITP-system, whereas current participants will continue in the
old plan. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">84 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A number of Ericsson employees in Sweden took the opportunity to join a voluntary career change program and left the Company during the year. The effects
of the program resulted in a curtailment gain amounting to SEK&nbsp;81 million. In relation to the divestment of the Defense business, a number of pension obligations were settled with Alecta. The settlement cost was offset by a curtailment gain.
The net gain amounts to SEK 57 million. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The following tables summarize the total pension cost for the Group: </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>TOTAL ANNUAL PENSION COST </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Sweden&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;UK&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Eurozone&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;US&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Other&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Total&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pension cost for defined benefit plans</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">347</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">249</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">300</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">989</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pension cost for defined contributions plans</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,350</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">195</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">82</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,720</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,697</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>249</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>495</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>142</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>126</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,709</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pension cost for defined benefit plans</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">417</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">71</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">200</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">101</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">107</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">896</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pension cost for defined contribution plans</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">929</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">198</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">83</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">59</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,269</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,346</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>71</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>398</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>184</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>166</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,165</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ANNUAL PENSION COST FOR DEFINED BENEFIT PLANS </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Sweden&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;UK&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Eurozone&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;US&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Other&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Total&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Service cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">431</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">228</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">279</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">47</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">92</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,077</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Interest cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">406</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">177</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">133</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">146</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">104</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">966</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Expected return on plan assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-352</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-169</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-103</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-140</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-145</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-909</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Past service cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Curtailments and Settlements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-138</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-194</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>347</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>249</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>300</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>49</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>44</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>989</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Service cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">275</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">62</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">200</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">78</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">81</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">696</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Interest cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">407</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">169</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">148</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">61</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">878</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Expected return on plan assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-267</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-160</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-93</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-128</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-63</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-711</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Past service cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Curtailments and settlements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>417</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>71</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>200</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>101</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>107</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>896</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The tables below and on the following pages present information about defined benefit plans for
Ericsson and summarize changes in the benefit obligation, the plan assets and the funded status of defined benefit plans and the amount recognized in the balance sheet as well as key assumptions. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">85 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>CHANGE IN DEFINED BENEFIT OBLIGATION, DBO </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Sweden&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;UK&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Eurozone&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;US&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Other&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Total&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,632</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,795</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,475</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,863</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,549</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>22,314</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Service cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">431</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">228</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">279</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">47</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">92</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>1,077</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Interest cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">406</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">177</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">133</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">146</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">104</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>966</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Employee contributions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">54</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>71</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pension payments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-69</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-150</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-60</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-189</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-69</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-537</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Actuarial gain/loss (-/&#043;)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-208</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">767</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-244</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-159</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-28</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>128</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Settlements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-209</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-48</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-275</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Curtailments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">211</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-248</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Business combinations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">909</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">781</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">45</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>1,755</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>67</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-78</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-118</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-382</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-128</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-706</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11,772</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,713</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,241</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,399</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,487</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>24,612<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,190</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,018</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,987</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,362</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,263</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>16,820</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Service cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">275</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">62</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">200</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">78</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">81</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>696</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Interest cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">407</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">169</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">148</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">61</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>878</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Employee contributions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>64</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pension payments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-71</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-74</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-37</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-161</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-63</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-406</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Actuarial gain/loss (-/&#043;)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,830</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">346</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">166</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;148</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">106</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>3,300</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Settlements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-49</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-49</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Curtailments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>0</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Business combinations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">65</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>65</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reclassifications</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;33</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-94</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>-127</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">91</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-55</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>55</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">244</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">81</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">471</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">222</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>1,018</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11,632</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,795</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,475</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,863</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,549</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>22,314</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Of which wholly and partly funded plans SEK 22,055 (20,488)&nbsp;million and unfunded plans SEK 2,557 (1,826)&nbsp;million. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Of which post-employment medical benefit schemes SEK 579 (692)&nbsp;million. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">86 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2"><B>CHANGE IN PLAN ASSETS</B> </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Sweden&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;UK&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Eurozone&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;US&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Other&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;Total&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,809</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,754</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,821</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,880</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,520</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16,784</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Expected return on plan assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">352</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">169</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">103</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">140</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">145</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>909</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Actuarial gain/loss (&#043;/-)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">261</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">56</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>357</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Employer contributions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">191</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">99</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">211</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">61</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>562</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Employee contributions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">54</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>71</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pension payments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-151</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-136</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-62</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-366</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Settlements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-281</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-48</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-329</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Business combinations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">909</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>939</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-12</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-55</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-78</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-270</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-117</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-520</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>9,141</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,897</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,959</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,818</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,580</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>18,395</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,014</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,389</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,417</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">944</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,764</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Expected return on plan assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">267</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">160</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">128</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>711</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Actuarial gain/loss (&#043;/-)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">204</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">107</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">182</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">217</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>706</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Employer contributions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,338</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">352</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">102</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">43</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">110</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8,945</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Employee contributions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>64</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pension payments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-74</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-126</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-265</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Settlements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-63</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-63</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Business combinations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>38</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">108</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>103</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">165</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">292</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">254</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>781</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8,809</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,754</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,821</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,880</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,520</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16,784</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ACTUAL RETURN ON PLAN ASSETS </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="57%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Sweden</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>UK</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Eurozone</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>US</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">613</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">195</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">141</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">116</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">201</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,266</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2005</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">471</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">267</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">275</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">124</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">280</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,417</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ASSET ALLOCATION </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Sweden</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>UK</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Eurozone</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>US</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,377</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,802</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,142</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,058</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">353</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,732</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Interest-bearing securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,764</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,914</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">714</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">696</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,087</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11,175</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">181</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">103</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">64</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">140</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>488</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>9,141</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,897</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,959</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,818</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,580</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>18,395</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,357</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,433</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,323</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,528</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">393</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>7,034</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Interest-bearing securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,452</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">635</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">398</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">336</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,001</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8,822</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">686</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">126</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>928</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8,809</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,754</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,821</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,880</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,520</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16,784</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">87 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Only a minor part of plan assets are invested in the Company&#146;s equity securities or in interest-bearing securities issued by the Company. Expected
contributions to defined benefit plans during 2007 are slightly higher compared to 2006. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ACCRUED/PREPAID PENSION COST </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Sweden</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>UK</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Eurozone</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>US</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fair value of plan assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,141</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,897</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,959</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,818</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,580</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18,395</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">DBO</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,772</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,713</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,241</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,399</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,487</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,612</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Deficit/Surplus (-/&#043;)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,631</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,816</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,282</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-581</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-6,217</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Unrecognized past service cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">77</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">83</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accrued/Prepaid pension cost, net (-/&#043;)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-2,631</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,816</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,282</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-575</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>170</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-6,134</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fair Value of plan assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,809</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,754</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,821</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,880</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,520</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16,784</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">DBO</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,632</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,795</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,475</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,863</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,549</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>22,314</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Deficit/Surplus (-/&#043;)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,823</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,041</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-654</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-983</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-29</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-5,530</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Unrecognized past service cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">92</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>92</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accrued/Prepaid pension cost, net (-/&#043;)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-2,823</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1,041</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-654</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-983</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>63</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-5,438</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="11"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="11"><FONT FACE="Times New Roman" SIZE="2"><B>AMOUNT RECOGNIZED IN THE CONSOLIDATED BALANCE SHEET, 2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Sweden</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;UK&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Eurozone</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;US&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,823</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,041</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">654</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">983</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-63</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,438</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Annual pension cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">347</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">249</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">300</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>989</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Recognized actuarial gain/loss (-/&#043;) current period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-470</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">741</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-282</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-135</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-84</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-230</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Benefits paid by the Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-69</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-43</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-28</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-148</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Employer contributions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-191</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-99</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-211</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-61</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-562</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Business combinations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">781</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>816</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>12</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-111</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-181</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,631</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,816</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,282</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>575</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-170</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,134</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Plans with net surplus</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">310</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">483</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>834</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Provision for Post-employment benefits</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,631</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,816</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,592</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>616</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>313</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,968</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Opening balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,190</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,004</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">598</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">945</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">249</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>10,986</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Annual pension cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">417</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">71</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">200</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">101</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">107</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>896</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Recognized actuarial gain/loss (-/&#043;) current period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,626</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">239</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-144</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-111</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,594</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Benefits paid by the Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-71</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-23</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-35</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-142</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Employer contributions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-8,338</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-352</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-102</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-43</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-110</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-8,945</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Business combinations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>27</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reclassification</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-33</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-94</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-127</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-23</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">79</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">162</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-99</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>172</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,823</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,041</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>654</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>983</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#150;63</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,438</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Plans with net surplus</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">86</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">367</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>453</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Provision for Post-employment benefits</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,823</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,041</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>740</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>983</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>304</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,891</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">88 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Total accrued/prepaid pension cost, SEK 6,134 (5,438)&nbsp;million are reported gross by plan in the balance sheet. Plans with net assets are reported as
Other financial assets, non-current, amounting to SEK 834 (453)&nbsp;million and plans with net liabilities are reported as Post-employment benefits, total SEK 6,968 (5,891)&nbsp;million. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ACTUARIAL GAINS AND LOSSES REPORTED DIRECTLY IN EQUITY </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Cumulative loss at beginning of year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,483</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">899</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Recognized gain/loss (-/&#043;) during the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-230</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,594</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-10</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Effects related to the divested defense business</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-196</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Cumulative loss at end of year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,065</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,483</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>MULTI-YEAR SUMMARY </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Plan assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>18,395</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,784</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,764</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">DBO</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24,612</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22,314</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,820</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Deficit/Surplus (-/&#043;)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-6,217</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-5,530</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-11,056</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Actuarial gains and losses (-/&#043;)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Experience-based adjustments of pension obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>232</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-415</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-56</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Experience-based adjustments of plan assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-358</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-706</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-146</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>THE EFFECT OF A ONE PERCENTAGE POINT CHANGE IN THE ASSUMED TREND RATE OF MEDICAL COSTS </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>1&nbsp;percent<BR>increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>1&nbsp;percent<BR>decrease</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net periodic post-employment medical costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Accumulated post-employment benefit obligation for medical costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">55</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-47</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Actuarial assumptions </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The discount rate for each country is determined by reference to market yields on high-quality corporate bonds. In countries where there is no deep market in such bonds, the market yields on government bonds are used.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The overall expected long-term return on plan assets is a weighted average of each asset-category&#146;s expected rate of return.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The expected return on interest-bearing investments are set in line with each country&#146;s market yield. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Expected return on equities is derived from each country&#146;s risk-free rate with the addition of a risk premium. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">89 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The principal actuarial assumptions used were as follows: </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>PRINCIPAL ACTUARIAL ASSUMPTIONS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Sweden</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>UK</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Eurozone&nbsp;<SUP>1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>US</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other&nbsp;<SUP>1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Discount rate</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8.25</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Expected return on plan assets for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.75</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9.5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Future salary increases</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Health care cost inflation, current year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">n/a</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">n/a</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">n/a</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">n/a</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Discount rate</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3.5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Expected return on plan assets for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.25</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Future salary increases</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3.25</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Health care cost inflation, current year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">n/a</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">n/a</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">n/a</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">n/a</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Weighted average </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2"><B>LIFE EXPECTANCY
AFTER AGE 65</B> </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>(Years)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Sweden</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>UK</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Eurozone&nbsp;<SUP>1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>US</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other&nbsp;<SUP>1)</SUP></B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Men</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Women</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Weighted average </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson has adopted the new option in
IAS 19 to charge actuarial gains and losses directly to equity as from January&nbsp;1, 2006. The change in accounting policy was recognized retrospectively in accordance with the transitional provisions of the amendment, and earlier periods have
been restated. The changes in accounting policy had the following impact on the consolidated financial statements: </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>EFFECTS OF CHANGES IN ACCOUNTING
POLICY IAS 19 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="55%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Dec&nbsp;31,&nbsp;2005<BR>with&nbsp;corridor&nbsp;method</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Effects&nbsp;from&nbsp;changes</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>in accounting policy</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Dec&nbsp;31,&nbsp;2005</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>with&nbsp;equity&nbsp;method</B></FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Income statement</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">No restatement has been made in the income statement due to minor amounts.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Recognized income and expense</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Income and expenses recognized directly in equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,470</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-4,280</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,810</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Tax on items reported in/transferred from equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">298</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,225</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,523</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total recognized income and expense for the period</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,768</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-3,055</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;287</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Balance sheet</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other financial assets, non current</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,514</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-718</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,796</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Deferred tax assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,294</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,225</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18,519</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stockholders&#146; equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">104,677</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-3,055</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">101,622</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Post-employment benefits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,125</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,766</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,891</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other current liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40,825</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">796</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41,621</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">90 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000"
ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Of which SEK -1,059 million relate to 2004. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Of which SEK 319&nbsp;million relate to 2004. </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_18"></A>C18&nbsp;&nbsp;&nbsp;&nbsp;PROVISIONS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="62%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Warranty<BR>commitments</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Restructuring</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other<SUP>1)2)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total<BR>provisions</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Opening balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,821</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,314</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11,533</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>18,668</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,561</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,765</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,420</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,746</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Costs incurred</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,471</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,308</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-4,561</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-10,340</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversal of excess amounts</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,100</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-416</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,231</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-4,747</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Balances regarding divested/acquired businesses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">224</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">220</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reclassification</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-121</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-87</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-89</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-117</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-372</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-578</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,961</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,277</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8,644</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>13,882</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Opening balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,424</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,598</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>14,756</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24,778</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,858</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,323</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,564</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,745</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Costs incurred</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-3,181</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,983</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-6,894</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-12,058</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversal of excess amounts</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,390</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-480</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,923</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-4,793</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Balances regarding divested/acquired businesses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reclassification</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-322</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">224</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-95</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Translation difference for the year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">101</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">178</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">806</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,085</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Closing balance</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,821</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,314</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11,533</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>18,668</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Both current and non-current provisions. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Off-balance customer financing is included in other provisions. </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>WARRANTY COMMITMENTS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Warranty provisions are based on historic quality rates as well as assumptions on estimated quality
rates for new products and costs to remedy the various types of faults predicted. The actual utilization for 2006 was SEK 3.5 billion, compared to the expected SEK 2.9 billion. However, due to more favorable outcomes in certain parts, reversals of
SEK 1.1 billion were made. The expected utilization of warranty provisions during year 2007 is SEK 2.2 billion. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>RESTRUCTURING </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In the third quarter 2006, restructuring provisions were made for the Career change offer in Sweden, SEK 0.6 billion , and for the Marconi integration,
SEK 1.4 billion. In the fourth quarter, SEK 0.8 billion were paid out of the restructuring provision made during the year. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Restructuring
provisions amounting to SEK 2.3 billion were utilized during 2006, compared to the expected SEK 1.5 billion. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The reversal of SEK 0.4
billion mainly relate to real estate provisions which have been reversed due to more favorable outcome of leasing commitments. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">91 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Remaining restructuring provisions are mostly related to Marconi restructuring activities and unutilized leased real estate. The majority of these real
estate leases will expire in one to five years, and the last one in year 2028. The values of the real estate commitments are calculated based on the net present value of the future lease payments minus the forecasted sublease revenues. The expected
utilization of restructuring provisions during 2007 is SEK 1.6 billion and a major part of these relate to Marconi restructuring. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>OTHER </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Other provisions include estimated obligations related to patent and other litigations, contractual discounts and penalties of uncertain timing or
amount, supplier or subcontractor claims and/or disputes, off-balance customer financing, as well as provisions for unresolved income tax and value added tax issues and estimated losses on customer contracts. On a quarterly basis, management
performs an analysis of all provisions to identify the need for new additions or reversals. Management uses its best judgement to estimate provisions based on this analysis. The actual utilization for 2006 was SEK 4.6 billion, compared to the
estimated SEK 7.0 billion. In certain circumstances provisions are no longer required, due to more favorable outcomes than anticipated, for instance when certain disputes in some cases have been resolved in a positive way. Therefore excess amounts
have been reversed with SEK 3.2 billion 2006. The expected utilization in 2007 is SEK 4.5 billion. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_19"></A>C19&nbsp;&nbsp;&nbsp;&nbsp;INTEREST-BEARING LIABILITIES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson&#146;s outstanding interest-bearing
liabilities were SEK 14.6 (25.0)&nbsp;billion as of December&nbsp;31, 2006. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>INTEREST-BEARING LIABILITIES </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Borrowings, current</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Current part of non-current borrowings</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1) </SUP></FONT><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>88</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,615</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other current borrowings</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,592</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,169</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total current borrowings</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,680</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,784</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Borrowings, non-current</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Notes and bond loans</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11,204</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,475</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other borrowings, non-current</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,700</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,710</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total non-current interest bearing liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>12,904</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,185</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total interest-bearing liabilities</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>14,584</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,969</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Including notes and bond loans of SEK 0 (9,614)&nbsp;million. </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>NOTES
AND BOND LOANS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Issued-maturing</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Nominal</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Coupon</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Currency</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Book&nbsp;value</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(SEK m.)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Maturity<BR>date<BR>(yy-mm-dd)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">1999-2009</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">483</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.500</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">USD</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,311</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">09-05-20</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2001-2008</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">226</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7.375</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">GBP</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,044</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">08-06-05</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2003-2010</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">471</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.750</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">EUR</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,255</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10-11-28</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2004-2012</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">450</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3.935</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">SEK</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">594</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">12-12-07</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>4)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>11,204</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">92 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000"
ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The GBP 226&nbsp;million bond has interest rates linked to the Company&#146;s credit rating. The interest will increase/decrease 0.25 percent per annum for each rating notch change
per rating agency (Moody&#146;s and Standard&nbsp;&amp; Poor&#146;s). The interest rate applicable to this bond cannot be less than the initial interest rates in the loan agreements. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The EUR 471&nbsp;million bond is callable after 2007; the fair value of the embedded derivative is included in the book value of the bond. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Interest rate swaps are designated as fair value hedges. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">4)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Contractual repricing date 2007-06-07. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">All outstanding
notes and bond loans are issued by the Parent Company under its Euro Medium Term Note program. Bonds issued at a fixed interest rate are swapped to a floating interest rate using interest rate swaps, resulting in a weighted average interest rate of
4,70 percent at December&nbsp;31, 2006. These bonds are revalued based on changes in benchmark interest rates according to the Fair Value hedge methodology stipulated in IAS&nbsp;39. As the notes and bond loans are issued at par the effective
interest rate is the same as the coupon rate. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">One note and one bond were redeemed during 2006. One USD-FRN with a nominal amount of
USD&nbsp;15&nbsp;million and a EUR-bond with a nominal amount of EUR 1,000 million. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_20"></A>C20&nbsp;&nbsp;&nbsp;&nbsp;FINANCIAL RISK MANAGEMENT AND FINANCIAL INSTRUMENTS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>FINANCIAL RISK MANAGEMENT </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson&#146;s financial risk management is governed by a policy approved by the Board of Directors. The Finance Committee of the Board of Directors is
responsible for approving certain matters regarding investments, loans, guarantees and customer financing commitments and is continuously monitoring the exposure to financial risks. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Board of Directors has established risk limits for defined exposures to foreign exchange and interest rate risks. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson has a treasury function with the principal role to ensure that appropriate financing is in place through loans and committed credit facilities,
to actively manage the Group&#146;s liquidity as well as financial assets and liabilities, and to manage and control financial risk exposures in a manner consistent with underlying business risks and financial policies. Hedging activities and cash
management are largely centralized to the treasury function in Stockholm. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson also has a customer finance function with the main
objective to find suitable third-party financing solutions for customers and to minimize recourse to Ericsson. To the extent customer loans are not provided directly by banks, the Parent Company provides or guarantees vendor credits. The customer
finance function monitors the exposure from outstanding vendor credits and credit commitments. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson classifies financial risks as:
</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">foreign exchange risk </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">interest rate risk </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">credit risk </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">liquidity and refinancing risk </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">market price risk in own and other listed equity instruments. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">93 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Foreign exchange risk </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson has significant revenues, costs, assets and liabilities in currencies
other than SEK, which results in a substantial foreign exchange rate exposure in the income statement, balance sheet and cash flows. When managing foreign exchange risk, Ericsson distinguishes between two types of exposure: transaction and
translation exposure. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Transaction exposure </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">An analysis of Ericsson&#146;s annualized transaction exposure shows that the predominant part is related to transactions in USD (revenue) and SEK (cost of sales). A change in the exchange rate of &#043;/&#150; 10 percent between SEK and
USD, would have an estimated annualized impact on the operating income by SEK 3.8 (3.3)&nbsp;billion before tax and hedging effects. However, these effects may be compensated over time with new contracts with adjusted prices and costs. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Foreign exchange risk is as far as possible concentrated to Swedish group companies. Sales to foreign subsidiaries are normally invoiced in the
functional currency of the receiving entity. In order to limit the exposure toward exchange rate fluctuations on future revenue or expenditure, committed and forecasted net exposure by period of future sales and purchases in major currencies were
hedged, on average, for the coming 6&#150;9 months in 2006. Trade receivables and payables in foreign currencies are generally fully hedged. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Internal currency forward contracts are primarily used for hedging future revenues and expenditures on subsidiary level. External forward contracts are designated as cash flow hedges of the net exposure for the main currencies and companies
of the Group. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Other foreign exchange exposures in balance sheet items are hedged through offsetting balances or derivatives. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As of December&nbsp;31, 2006, outstanding foreign exchange derivatives hedging transaction exposures had a positive net market value of SEK 2.3
(&#150;2.6) billion. The market value is partly deferred in the hedge reserve in equity to offset the gains/losses on hedged future sales in foreign currency. The remaining positive balance corresponds to depreciation of trade receivable balances
being remeasured at lower rates compared to the exchange rates prevailing when originated. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Translation exposure </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson has many subsidiaries operating outside Sweden. The net results in such companies and the value of such foreign equity investments are exposed to
exchange rate fluctuations, which affect the consolidated income statement and balance sheet when translated to SEK. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Translation exposure
in foreign subsidiaries is hedged according to the following policy established by the Board of Directors: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Translation risk relating to
equity in foreign companies is hedged up to 20 percent in selected companies. The translation differences reported in equity during 2006 were negative, SEK 3.1 billion, including hedging gains of SEK 0.1 billion. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">94 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>OUTSTANDING CURRENCY DERIVATIVES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="52%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Currency</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="5" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="5" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Nominal<BR>currency</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Asset<BR>SEK</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Liability<BR>SEK<SUP>1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Nominal<BR>currency</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Asset<BR>SEK<SUP>1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Liability<BR>SEK</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Maturity up to one year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">EUR</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,062</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">370</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,381</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">116</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">142</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">USD</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,764</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,281</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">726</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,247</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">607</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,665</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">456</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">46</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">460</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Currency derivatives with maturity up to one year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,107</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">756</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">769</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,267</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Maturity one to three years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">EUR</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,043</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">298</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">USD</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">109</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">290</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">69</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">103</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">58</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Currency derivatives with maturity one to three years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">211</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">66</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">120</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Maturity three to five years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">EUR</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">471</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Currency derivatives with maturity three to five years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total currency derivatives</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,335</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>768</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>835</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,387</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><I>(of which is included in Cash flow hedge relations)</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><I>1,239</I></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><I>158</I></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><I>113</I></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><I>1,172</I></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>OUTSTANDING INTEREST RATE DERIVATIVES </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Currency</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Nominal<BR>currency</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Asset<BR>SEK</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Liability<BR>SEK <SUP>1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Nominal<BR>currency</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Asset<BR>SEK</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Liability<BR>SEK <SUP>1)</SUP></B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Maturity up to one year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">EUR</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">260</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,412</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">408</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">NOK</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,289</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">12</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SEK</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42,820</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">119</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23,186</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total maturity up to one year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">131</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">92</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">427</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Maturity one to three years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">GBP</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">226</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">115</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">226</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">188</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">NOK</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25,275</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">43</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">USD</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">483</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">180</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">133</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total maturity one to three years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">343</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">228</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">133</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Maturity three to five years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">EUR</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">434</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">94</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">942</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">249</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">USD</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">530</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">279</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SEK</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">360</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;1</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total maturity three to five years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">528</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Maturity more than five years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">SEK</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,428</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,105</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total interest rate derivatives</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>583<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>115</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,184</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>176</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><I>(of which is included in Fair value hedge relations)</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><I>385</I></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><I>761</I></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">95 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000"
ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Negative amounts relate to effects from one exposure of a derivative that is positive/negative while the total effect of the derivative is the opposite. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Of which SEK 116&nbsp;million is reported as non-current assets. </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Interest Rate Risk </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson is exposed to interest rate risk through market value fluctuations in certain balance sheet
items and through changes in interest expenses and revenues. The net cash position was SEK 40.7 (50.6)&nbsp;billion at the end of 2006, consisting of cash and bank, and short-term cash investments of SEK 62.3 (81.5)&nbsp;billion and interest-bearing
liabilities and post-employment benefits of SEK 21.6 (30.9)&nbsp;billion. (Please note that Ericsson has adopted the new option in IAS 19 to charge actuarial gains/losses directly to equity, as from January&nbsp;1, 2006. Earlier periods have been
restated accordingly. For further information please see Notes to the consolidated statements&#151;Note C17, &#147;Post-employment benefits&#148;.) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Outstanding customer financing credits, net of provisions, were SEK 3.7 (4.9)&nbsp;billion. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson seeks to avoid risk in the
form of (i)&nbsp;a mismatch between fixed and floating interest rates in interest-bearing balance sheet items and (ii)&nbsp;significant fixed interest rate exposure in Ericsson&#146;s net cash position. As of December&nbsp;31, 2006, 100
(94)&nbsp;percent of Ericsson&#146;s interest-bearing liabilities and 99 (99)&nbsp;percent of Ericsson&#146;s interest-bearing assets had floating interest rates, i.e. interest periods of less than 12 months. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">When managing the interest rate exposure, Ericsson uses derivative instruments, such as interest rate swaps. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson&#146;s interest net and cash flows are exposed to interest rate fluctuations. A sustained change in interest rates of &#043;/&#150; 0.25
percentage points would, with the current net cash position, have an annual impact on the interest net of approximately SEK &#043;/&#150; 72 (&#043;/&#150;135) million . </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Credit Risk </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Credit risk is divided into three categories: credit risk in trade receivables, customer
finance risk and financial credit risk. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Credit risk in trade receivables </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Trade receivables amounted to SEK 51.1 (41.2)&nbsp;billion as of December&nbsp;31, 2006. Provisions for expected losses are regularly assessed and
amounted to SEK 1.4 (1.4)&nbsp;billion as of December&nbsp;31, 2006. Ericsson&#146;s nominal credit losses have, however, historically been low. The amounts of trade receivables follow closely the distribution of Ericsson&#146;s sales and do not
include any major concentrations of credit risk by customer or by geography. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Customer finance risk </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">All major customer finance commitments are subject to approval by the Finance Committee of the Board of Directors according to the credit approval policy.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As of December&nbsp;31, 2006, Ericsson&#146;s total outstanding exposure related to customer finance credits was SEK 4.1
(7.0)&nbsp;billion. As of that date, Ericsson also had unutilized credit commitments of SEK 6.8 (3.6)&nbsp;billion. </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">96 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">The outstanding customer loans and financial guarantees relate to infrastructure projects in different geographic markets and to a large number of customers.
As of December&nbsp;31, 2006, there were a total of 66 customer loans originated by or guaranteed by Ericsson. The five largest customer finance arrangements represented 60 percent of the total credit exposure. Security arrangements for customer
credits normally include pledges of equipment, pledges of certain of the borrower&#146;s assets and pledges of shares in the operating company. Restructuring efforts for cases of troubled debt may lead to temporary holdings of equity interests.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The table below summarizes Ericsson&#146;s outstanding customer finance credits as of December&nbsp;31, 2005 and 2006. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>OUTSTANDING CUSTOMER FINANCE CREDITS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>(SEK billion)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">On-balance sheet credits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4.1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.0</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Off-balance sheet credits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.0</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.1</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total credits</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4.1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.1</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Accrued interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.1</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Less third-party risk coverage</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-0.1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-0.2</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Ericsson&#146;s risk exposure</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4.1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.0</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">On-balance sheet credits, net value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3.8</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5.0</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reclassifications </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-0.1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-0.1</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">On-balance sheet credits, net book value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3.7</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4.9</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Credit commitments for customer financing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6.8</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.6</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Reclassification due to consolidation in accordance with SIC 12. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Of Ericsson&#146;s total outstanding customer finance credit exposure as of December&nbsp;31, 2006, 52 percent related to Central and Eastern Europe, Middle East&nbsp;&amp; Africa, 36 percent to Latin America, 7 percent to Western Europe, 4
percent to Asia Pacific and 1 percent to North America. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The net effect of risk provisions and reversals for customer financing affecting
operating expenses, amounted to a positive impact of SEK 1.1 billion in 2006, compared to SEK 1.0 billion in 2005. In 2006 and 2005, Ericsson incurred credit losses of SEK 0.3 billion and SEK 0.4 billion respectively. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Financial credit risk </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Financial
instruments carry an element of risk in that counterparts may be unable to fulfill their payment obligations. This exposure arises in the investments in cash and cash equivalents and from derivative positions with positive unrealized result against
banks and other counterparties. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson mitigates these risks by investing cash primarily in well-rated commercial papers, treasury bills
and floating rate notes with short-term ratings of at least A-2/P-2 and long-term ratings of at least A-/A3 and in liquidity funds with a rating of at least A. Separate credit limits are assigned to each counterpart in order to minimize risk
concentration. All derivative transactions are covered by ISDA netting agreements to reduce the credit risk. No credit losses were incurred during 2006, neither on external investments nor on derivative positions. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">97 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At December&nbsp;31, 2006, the credit risk in financial cash instruments was equal to the instruments carrying value. Credit exposure in derivative
instruments was SEK 3.9 (2.0)&nbsp;billion. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Liquidity Risk </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Liquidity risk is that Ericsson is unable to meet its short-term payment obligations due to insufficient or illiquid cash reserves. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Ericsson maintains sufficient liquidity through centralized cash management, investments in highly liquid interest-bearing securities, and by having sufficient committed credit lines in place to meet potential funding
needs. The current cash position is deemed to satisfy all short-term liquidity requirements. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">During 2006, cash and bank and short-term cash
investments decreased by SEK 19.2 billion to SEK 62.3 billion, mainly due to repayment of non-current debt and investment in new business combinations. The decrease was partly offset by a positive operating cash flow. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>CASH AND SHORT-TERM CASH INVESTMENTS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Remaining time to maturity</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>(SEK billion)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&lt; 3<BR>months</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&lt; 1<BR>year</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>1&#150;5<BR>years</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&gt;5<BR>years</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Group</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>62.3</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">81.5</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The instruments are classified as held for trading and therefore short term investments.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Refinancing risk </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Refinancing risk is
the risk that Ericsson is unable to refinance outstanding debt at reasonable terms and conditions, or at all, at a given point in time. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2"><B>REPAYMENT SCHEDULE OF LONG-TERM BORROWINGS<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>
1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> </FONT></B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Nominal amount (SEK billion)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Current<BR>maturities<BR>of long-<BR>term debt</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Notes<BR>and<BR>bonds<BR>(non-<BR>current)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Liabilities<BR>to&nbsp;financial<BR>institutions<BR>(non-current)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2007</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.1</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2008</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3.1</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2009</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3.4</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2010</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4.4</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2011</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2012</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.5</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11.1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.3</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11.5</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Excluding finance leases reported in Note C27, &#147;Leasing&#148;. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Debt financing is mainly carried out through borrowing in the Swedish and international debt capital markets. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Bank financing is used for certain subsidiary funding and to obtain committed credit facilities. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">98 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>FUNDING PROGRAMS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Amount</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Utilized</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Unutilized</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Euro Medium Term Note program (USD m.)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,585</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,415</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Euro Commercial Paper program (USD m.)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,500</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,500</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Swedish Commercial Paper program (SEK m.)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Long-term Committed Credit facility (USD m.)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,000</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Short-term Committed Credit facilities (SEK m.)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">273</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">273</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The USD 1 billion committed credit facility has interest rates linked to our credit rating.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Moody&#146;s credit rating agency raised Ericsson&#146;s credit rating during 2006, while Standard&nbsp;&amp; Poor&#146;s (S&amp;P) last
upgraded their ratings in 2005. At year-end, their ratings of Ericsson&#146;s creditworthiness were Baa2 (Baa3) for Moody&#146;s and BBB&#150; for S&amp;P, both considered to be &#147;Investment Grade&#148;. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Financial Instruments Carried at other than Fair Value </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">In the following tables, carrying amounts and fair values of financial instruments that are carried in the financial statements at other than fair values are presented. Assets valued at fair value through profit or loss have a net gain of
SEK 637 million. For further information about valuation principles, please see Note C1, &#147;Significant accounting policies&#148;. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>FINANCIAL
INSTRUMENTS CARRIED AT OTHER THAN FAIR VALUE </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Carrying&nbsp;amount</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Fair value</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>(SEK billion)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Current maturities of non-current borrowings</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9.7</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Notes and bonds</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11.2</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11.7</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13.0</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11.3</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11.8</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22.7</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Financial instruments excluded from the tables, such as trade receivables and payables are carried
at amortized cost which is deemed to be equal to fair value. When a market price is not readily available and there is insignificant interest rate exposure affecting the value, the carrying value is considered to represent a reasonable estimate of a
fair value. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Market Price Risk in Own Shares and Other Listed Equity Investments </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Risk related to our own share price </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Ericsson is exposed to the development of its own share price through stock option and stock purchase plans for employees. The obligation to deliver shares under these plans is covered by holding Ericsson Class B shares as treasury stock
and warrants for issuance of new Ericsson Class B shares. An increase in the share price will result in social security charges, which represents a risk to both income and cash flow. The cash flow exposure is fully hedged through the holding of
Ericsson Class B shares as treasury stock to be sold to generate funds to cover also social security payments, and through the purchase of call options on Ericsson Class B shares. </FONT></P> <P
STYLE="margin-top:24px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Risk related to the prices of listed equity investments </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Through investments in equity of listed companies Ericsson is exposed to market value fluctuations of such instruments. Such investments, however, constitute a very limited part of Ericsson&#146;s financial assets.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">99 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_21"></A>C21&nbsp;&nbsp;&nbsp;&nbsp;OTHER CURRENT LIABILITIES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Income tax liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,969</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,260</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Advances from customers</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,441</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,059</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Liabilities to associated companies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>31</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">34</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Accrued interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>365</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">770</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Accrued expenses, of which</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>19,040</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20,379</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><I>employee related</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B><I>8,042</I></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><I>7,983</I></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><I>other</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B><I>10,998</I></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><I>12,396</I></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Deferred revenues</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,583</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,558</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Derivatives with a negative value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>883</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,607</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8,866</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,954</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>37,178</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41,621</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The major items within Other are value added tax payables and amounts withheld due to employees.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_22"></A>C22&nbsp;&nbsp;&nbsp;&nbsp;TRADE PAYABLES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Payables to associated companies and joint ventures</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>730</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">351</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>17,453</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,233</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>18,183</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,584</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_23"></A>C23&nbsp;&nbsp;&nbsp;&nbsp;ASSETS PLEDGED AS COLLATERAL </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Real estate mortgages</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Chattel mortgages</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>114</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">166</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Bank deposits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>171</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">373</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>285</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">549</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">There were no collaterals for subsidiary financing during 2006 (SEK 151&nbsp;million 2005). The
remaining bank deposits relate to a capital insurance for the employees. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_24"></A>C24&nbsp;&nbsp;&nbsp;&nbsp;CONTINGENT LIABILITIES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Guarantees for customer financing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>30</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">67</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other contingent liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,362</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,641</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,392</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,708</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Guarantees for customer financing relate to arrangements where Ericsson is the guarantor for
customers&#146; payment obligations under credit facilities. A lender under these credit facilities is normally a bank, which thus is the beneficiary of the Ericsson guarantee, covering the entire or part of the outstanding principal amount and
accrued interest. The guarantees for customer finance are shown above at their net value (i.e. after provisions). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Other contingent
liabilities assumed by Ericsson include guarantees of loans to other companies of SEK 95 (186)&nbsp;million. Ericsson has SEK 496 (760)&nbsp;million issued to guarantee the performance of a third party. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">100 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_25"></A>C25&nbsp;&nbsp;&nbsp;&nbsp;STATEMENT OF CASH FLOWS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Interest paid in 2006 was SEK 1,353&nbsp;million (SEK
2,577&nbsp;million in 2005, SEK 3,492&nbsp;million in 2004) and interest received was SEK 1,539&nbsp;million (SEK 2,142&nbsp;million in 2005, SEK 3,662&nbsp;million in 2004). Taxes paid, including withholding tax, were SEK 3,649&nbsp;million (SEK
2,010&nbsp;million in 2005, SEK 2,944&nbsp;million in 2004). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For more information regarding the disposition of cash and cash equivalents
and unutilized credit commitments, see Note C20&#151;&#147;Financial Risk Management and Financial Instruments&#148;. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Cash restricted due
to currency restrictions or other legal restrictions in certain countries amounted to SEK 5,794&nbsp;million (SEK 3,773&nbsp;million in 2005, SEK 2,156&nbsp;million in 2004). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>ADJUSTMENTS TO RECONCILE NET INCOME TO CASH </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2004&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Property, plant and equipment</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Depreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,007</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,804</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,434</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Impairment losses/reversals of impairments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>30</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-366</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,037</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,438</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,444</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Intangible assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Amortization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capitalized development costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,277</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,009</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,139</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Intellectual Property Rights</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,960</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">260</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">313</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total amortization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,237</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,269</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,452</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Impairments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capitalized development costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>242</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">95</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">108</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Intellectual Property Rights</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total impairment losses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>242</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">95</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">108</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,479</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,364</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,560</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total depreciation, amortization and impairment losses on property, plant and equipment and intangible assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>7,516</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,802</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,004</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,282</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,518</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,483</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Dividends from joint ventures/ associated companies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,262</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">97</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Undistributed earnings in joint ventures/associated companies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-4,233</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,154</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,511</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Impairment losses on other investments in shares and participations and capital gains (&#150;)/losses on sale of fixed assets, excluding
customer financing, net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-2,815</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-121</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other non-cash items</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>233</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,613</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">538</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total adjustments to reconcile net income to cash</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,245</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,845</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,490</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">101 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_26"></A>C26&nbsp;&nbsp;&nbsp;&nbsp;BUSINESS COMBINATIONS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ACQUISITIONS AND DIVESTMENTS </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Acquisitions </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="75%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Intangible assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,648</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">404</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">85</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Property, plant and equipment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,257</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">149</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Goodwill</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>163</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">512</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">387</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,422</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">124</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">651</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Provisions, including post-employment benefits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-812</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-135</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-2,689</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-55</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-879</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Purchase of minority holdings</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>89</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">345</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,255</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Cash and cash equivalents</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,781</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total purchase price</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>19,859</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,226</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,681</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Less:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Cash and cash equivalents</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,781</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Cash flow effect</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>18,078</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,210</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,648</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In 2006, Ericsson made acquisitions amounting to 18,078, primarily: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">The acquisition of certain assets relating to broadband access, optical and radio transmission systems, data networking and service layer from Marconi was completed
on January&nbsp;23, 2006, with a cash payment equivalent to SEK 17.6 billion. With net tangible assets of approximately SEK 4.0 billion, most of the acquisition costs were related to intellectual property rights, e.g. patents, brands, trade marks,
etc., which will be amortized over a ten year period. The acquired businesses were consolidated into Ericsson&#146;s accounts as per January&nbsp;1, 2006. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">During the year, the acquired Marconi businesses were streamlined and fully integrated within Ericsson&#146;s operations. This resulted in a 24 percent reduction of the former
Marconi workforce for an estimated annual cost savings of approximately SEK 2.0 billion, with full effect from the fourth quarter of 2006. Restructuring charges were SEK 2.2 billion, of which about one third was utilized during 2006, with the
remainder expected to be utilized during the first half of 2007. Of this charge, SEK 1.4 billion relates to the layoff of 1,600 employees and SEK 0.8 billion relates to the termination of IT agreements and facilities contracts that are no longer
needed but were pre-paid as part of the acquisition. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The countries affected were primarily the UK, Germany, Italy and the US. Revenues and profit related to the Marconi acquisition cannot be recognized separately, since the product
portfolios of the Marconi business and Ericsson have been merged. Total transaction cost was SEK 160 million. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Netwise AB, acquired on August&nbsp;11, 2006, develops and markets software within the growing area of Presence Management, team collaboration, integration of
mobile phones, IP-telephony and multimedia. Netwise has subsidiaries in Sweden, Norway, Denmark, Finland, Germany and France. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">102 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>MARCONI BUSINESS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Net assets acquired</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Book<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Fair value<BR>adjustments</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Fair<BR>value</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Intangible assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Intellectual property rights</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,748</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,748</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Brands</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,901</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,901</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Customer relationships</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">718</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">718</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Goodwill</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Other assets and liabilities</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Inventory</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,913</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,913</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Property, plant and equipment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,252</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,252</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,197</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,197</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Post-employment benefits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-812</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-812</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,557</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,557</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total purchase price</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19,360</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Less:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Cash and cash equivalents</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,748</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Cash flow effect</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,612</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Divestments</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Net assets disposed of</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Property, plant and equipment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>253</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,946</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">76</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">186</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Provisions, including post-employment benefits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-89</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-2,079</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-131</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Gains from divestments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,945</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-31</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Less:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Cash and cash equivalents</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>890</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Cash flow effect</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,086</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In 2006, divestments made by Ericsson amounted to SEK 3,086&nbsp;million, primarily: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">The Defense business, Ericsson Microwave Systems AB and its 40 procent holding in Saab Ericsson Space, was sold to Saab AB on September&nbsp;1. Ericsson Microwave
Systems is a leading provider of radar, command and control systems for defense applications. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>DEFENSE BUSINESS </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="91%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net assets disposed of</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Property, plant and equipment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>252</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,744</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Provisions, including post- employment benefits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-88</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-2,026</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Gains from divestments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,963</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Less:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Cash and cash equivalents</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>726</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Cash flow effect</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,119</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">103 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_27"></A>C27&nbsp;&nbsp;&nbsp;&nbsp;LEASING </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>LEASING WITH THE COMPANY AS LESSEE </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Assets under finance leases, recorded as property, plant and equipment, consist of: </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>FINANCE LEASES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Acquisition costs</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Real estate</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,767</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,948</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Machinery</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other equipment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,772</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,953</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated depreciation</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Real estate</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-544</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;502</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Machinery</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other equipment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-545</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-503</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Accumulated write-downs</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Real estate</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-349</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-417</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Machinery</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other equipment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-349</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-417</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net carrying value</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>878</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,033</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As of December&nbsp;31, 2006, future minimum lease payment obligations for leases were distributed
as follows: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Finance<BR>leases</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Operating<BR>leases</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2007</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">180</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,198</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2008</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">182</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,830</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2009</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">152</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,488</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2010</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">138</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,228</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2011</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">115</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">977</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2012 and later</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,440</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,504</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,207</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11,225</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Future finance charges</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-879</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">n/a</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Present value of finance lease liabilities</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,328</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11,225</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Average effective interest rate on lease payables is 6.61 percent. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Expenses in 2006 for leasing of assets were SEK 2,873 (2,686)&nbsp;million, of which variable expenses were SEK 11 (11)&nbsp;million. The leasing contracts vary in length from 1 to 22 years. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Most of the Company&#146;s lease agreements contain no contingent rents. In the few cases they occur it relates to charges for heating, linked to the oil
price index. Most of the leases of real estate contain terms of renewal giving the right to prolong the agreement in question for a predefined period of time. All of the finance leases of facilities contain purchase options. Only a very limited
number of the Company&#146;s lease agreements contain restrictions on stockholders&#146; equity or other means of finance. The major agreement contains a restriction stating that the Parent Company must maintain a stockholders&#146; equity of at
least SEK 25 billion. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">104 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>LEASES WITH THE COMPANY AS LESSOR </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Leasing income mainly relates to income from sublease of real
estate. These leasing contracts vary in length from 1 to 13 years. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At December&nbsp;31, 2006, future minimum payment receivables were
distributed as follows: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Finance<BR>leases</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Operating<BR>leases</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2007</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">132</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2008</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">92</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2009</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">72</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2010</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2011</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2012 and later</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">107</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>464</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Unearned financial income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">n/a</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Uncollectible lease payments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">n/a</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net investments in financial leases</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>n/a</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Leasing income in 2006 was SEK 149 (114)&nbsp;million. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_28"></A>C28&nbsp;&nbsp;&nbsp;&nbsp;TAX ASSESSMENT VALUES IN SWEDEN </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Land and land improvements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">60</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">60</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Buildings</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">235</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">235</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>295</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">295</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:5%; text-indent:-5%"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_29"></A>C29&nbsp;&nbsp;&nbsp;&nbsp;INFORMATION REGARDING EMPLOYEES, MEMBERS OF THE BOARD OF DIRECTORS AND MANAGEMENT </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>AVERAGE NUMBER
OF EMPLOYEES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Men</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Women</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006<BR>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Men</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Women</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005<BR>Total</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Western Europe</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>31,212</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8,697</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>39,909</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25,188</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,516</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33,704</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Central and Eastern Europe, Middle East and Africa</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,344</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,137</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,481</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,261</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,058</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,319</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">North America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,252</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>998</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,250</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,129</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">992</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,121</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Latin America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,324</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>740</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,064</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,549</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">568</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,117</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Asia Pacific</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8,017</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,765</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>10,782</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,541</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,393</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,934</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>50,149</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>14,337</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>64,486</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40,668</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13,527</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">54,195</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><HR WIDTH="20%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:2.00em; text-indent:-2.00em"><FONT FACE="Times New Roman" SIZE="2">1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Of which
Sweden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>14,517</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,792</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>19,309</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,378</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,120</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20,498</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em"><FONT FACE="Times New Roman" SIZE="2">2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Of which EU</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>32,007</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8,925</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>40,932</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25,713</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,688</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">34,401</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Within the group of the 150 most senior executives, the distribution between females and males is 15.5 percent and
84.5 percent respectively. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">105 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>NUMBER OF EMPLOYEES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;As&nbsp;per&nbsp;December&nbsp;31,</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Employees by region</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Western Europe</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>38,432</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35,679</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Central and Eastern Europe, Middle East and Africa</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6,325</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,533</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">North America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,138</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,911</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Latin America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,498</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,382</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Asia Pacific</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>10,388</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,550</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>63,781</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">56,055</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><HR WIDTH="14%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:2.00em; text-indent:-2.00em"><FONT FACE="Times New Roman" SIZE="2">1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Of which
Sweden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>19,094</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21,178</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em"><FONT FACE="Times New Roman" SIZE="2">2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Of which EU</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>39,818</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">36,482</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;As&nbsp;per&nbsp;December&nbsp;31,</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Employees per segment</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Systems</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>59,484</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">50,107</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,297</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,948</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>63,781</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">56,055</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>EMPLOYEES BY GENDER AND AGE AT YEAR END 2006 </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Female</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Male</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Percent<BR>of total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Under 25 years old</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">674</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,369</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">26&#150;35 years old</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,663</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">18,507</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">36&#150;45 years old</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,276</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">18,755</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">46&#150;55 years old</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,950</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,820</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Over 55 years old</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">573</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,194</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Percent of total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">78</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="7"></TD>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="6"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>NUMBER OF EMPLOYEES RELATED TO COST OF SALES AND OPERATING EXPENSES</B></FONT></P></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Cost of sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>27,682</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">22,477</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">19,234</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Operating expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>36,099</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33,578</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">31,300</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>63,781</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">56,055</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">50,534</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>EMPLOYEE MOVEMENTS 2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Head count at year-end</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63,781</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Departed employees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,432</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Employees joining the company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,158</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Temporary employees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,219</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">106 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>REMUNERATION</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em"><FONT FACE="Times New Roman" SIZE="2"><I>WAGES AND SALARIES AND SOCIAL SECURITY EXPENSES</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Wages and salaries</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>32,219</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25,567</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Social security expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>10,602</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,891</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Of which pension costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,709</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,165</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Amounts related to the President and CEO and the group management team are included. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em"><FONT FACE="Times New Roman" SIZE="2"><I>WAGES AND SALARIES PER GEOGRAPHICAL AREA</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Western Europe</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>22,296</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,706</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Central and Eastern Europe, Middle East and Africa</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,958</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,317</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">North America</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,503</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,184</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Latin America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,333</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,007</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Asia Pacific</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3,129</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,353</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total <FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>32,219</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25,567</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><HR WIDTH="12%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:2.00em; text-indent:-2.00em"><FONT FACE="Times New Roman" SIZE="2">1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Of which
Sweden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11,467</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,721</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em"><FONT FACE="Times New Roman" SIZE="2">2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Of which EU</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>22,480</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,781</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em"><FONT FACE="Times New Roman" SIZE="2">3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Of which United States</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,244</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,823</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Remuneration in foreign currency has been translated to SEK at average exchange rates for the
year. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ELEMENTS IN TOTAL REMUNERATION FOR THE PRESIDENT AND CEO AND OTHER TOP EXECUTIVES </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="21%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="41%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Objective</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Performance<BR>period</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Conditions</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fixed salary</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Competitive in the home country while tracking global compensation levels</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">N/A</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Absolute level is determined by the size and complexity of the job and year-to-year performance of the individual jobholder</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Short-Term Variable salary</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Performance related</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Annual</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="2">Cash program based on achievement of specific business objectives derived from the annual business plan approved by the Board of Directors. The exact
nature of the targets will vary depending on the specific job, but may include financial targets&#151;at either corporate level or unit level&#151;operational targets, employee motivation targets and customer satisfaction
targets</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Long-Term Variable compensation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Performance related</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">3&nbsp;years</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="2">Payouts are determined by three specific variables; the individual&#146;s own investments in shares, a long-term financial target at Group level and
the share price development. Share-based long-term variable plans are submitted each year for approval by the shareholders at the Annual General Meeting</FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">107 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="21%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="42%"></TD></TR>


<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Objective</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Performance<BR>period</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Conditions</B></FONT></P></TD></TR>

<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pension</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Competitive in the home country</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">N/A</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Defined contribution plan for old age pension in addition to the basic pension plans in the Swedish labor market (the ITP plan)</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Benefits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Competitive in the home country</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">N/A</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>COMPENSATION POLICIES AND REMUNERATION TO THE BOARD OF DIRECTORS, THE PRESIDENT AND CEO AND OTHER TOP
EXECUTIVES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The following information covers the remuneration for the Board of Directors, the President and CEO and the other top
executives as required by applicable laws, rules and recommendations. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Principles for remuneration and other employment terms for Top Executives
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The principles, approved by the Annual General Meeting 2006, cover remuneration and other employment terms for the President and CEO
and other top executives. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Remuneration Committee monitors pay trends within and outside Sweden to find competitive and performance
driven remuneration packages for the top executives. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The total remuneration includes fixed salary, variable components in the form of
short-term variable salary and long-term variable compensation, pension and other benefits according to the table &#147;Elements in total remuneration for the President and CEO and other top executives&#148;. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Performance is especially reflected in the variable components&#151;both in the annual variable part and in the long-term variable portion. Although this
may vary over time to take general trends in compensation into account, the target level of the annual component for Swedish top executives is currently about 20 percent of the total compensation (fixed salary, short-term variable salary and
long-term variable compensation). The long-term component is also set to achieve a target of around 20 percent of the total compensation. In both cases the variable pay is measured against the achievement of specific business objectives. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Together, the variable components are set to a target of around 40 percent of the total compensation and the remaining part of around 60 percent for
the fixed salary, reflecting the judgment of the Board of Directors as to the right balance between fixed and variable pay and the market practice for compensation of executives. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Pension </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The pension age is normally 60 years for the President and CEO and the other top executives.
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For the President and CEO and the other top executives a defined contribution plan is applied. They were also entitled to pension in
accordance with the occupational pension plan for salaried staff on the Swedish labor market (ITP) from 65 years. From 2007, the pension age in the ITP plan is lowered to 60 years. These pension plans are portable. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">108 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In the defined contribution plan, the Company pays for old age pension a contribution between 10 and 35 percent per year on salary portions in excess of
20 base amounts (one base amount 2006 was SEK 44 500) of the executive&#146;s pensionable salary. For the President and CEO the annual pension contribution is 35 percent of the pensionable salary above 20 base amounts. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The pensionable salary consists of the annual fixed salary and the target level of the annual variable salary. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Notice and severance pay </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For the President and CEO
and the other top executives the following applies: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The mutual notice period is 6 months. Upon termination of employment by the Company,
severance pay amounting to a maximum of 18 months fixed salary is paid. Notice of termination given by the employee due to significant structural changes or other events occurred that, in a determining manner, affect the content of work or the
condition for the position, is equated with notice of termination served by the Company. The severance pay is reduced by 50 percent of the salary or corresponding compensation which the employee would be entitled to from another employer or from own
or other business during the period severance is paid from Ericsson. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>PROPORTION OF FEMALES/MALES IN THE BOARD OF DIRECTORS AND OTHER TOP EXECUTIVES
</B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Females</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Males</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Board of Directors</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2005-12-31</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">80%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2006-12-31</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">69%</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Other Top Executives</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2005-12-31</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">91%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2006-12-31</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">92%</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">109 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>COMPENSATION TO MEMBERS OF THE BOARD OF DIRECTORS DURING 2006 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="57%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>SEK</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Board<BR>member<BR>fee</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Committee<BR>fee</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Employee<BR>representative</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Board member</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Michael Treschow</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,750,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">250,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,000,000</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sverker Martin-L&ouml;f</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">750,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">350,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,100,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marcus Wallenberg</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">750,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">125,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">875,000</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Peter L. Bonfield</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">750,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">250,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,000,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">B&ouml;rje Ekholm</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">750,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">125,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">875,000</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Katherine Hudson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">750,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">750,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ulf J. Johansson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">750,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">250,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,000,000</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Nancy McKinstry</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">750,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">125,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">875,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Anders Nyr&eacute;n</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">750,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">125,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">875,000</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Carl-Henric Svanberg</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Monica Bergstr&ouml;m</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">400</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,400</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Jan Hedlund</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">900</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,900</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Torbj&ouml;rn Nyman</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,100</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,100</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Kristina Davidsson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Anna Guldstrand</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,000</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Per Lindh</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">400</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,400</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Arne L&ouml;fving</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,000</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>9,750,000</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,602,800</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>59,000</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11,411,800</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Social security fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,683,729</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,095,529</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Comments to the table </I></FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">The Chairman of the Board received a Board fee of SEK 3,750,000. The Chairman also received SEK 125,000 for each Board committee on which he served.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">The other Directors appointed by the Annual General Meeting received a fee of SEK 750,000 each. In addition, each Director serving on a Board committee has received
a fee of SEK 125,000 for each committee. However, the Chairman of the Audit Committee received a fee of SEK 350,000 and the other two members of the Audit Committee received a fee of SEK 250,000 each. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Members of the Board, who are not employees of the Company, have not received any compensation other than the fees paid for Board duties.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Members and Deputy Members of the Board who are Ericsson employees received no remuneration or benefits other than their entitlements as employees. However, a fee
of SEK 1,000&nbsp;per attended meeting was paid to each employee representative on the Board. Further, employee representatives being also members of a committee of the Board received a fee of SEK 100 for each committee meeting.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Arne L&ouml;fving resigned from the Board of Directors in August 2006 and was replaced by Kristina Davidsson. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">110 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>COMPENSATION PAID TO THE PRESIDENT AND CEO AND OTHER TOP EXECUTIVES DURING 2006 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Salary and benefits, SEK</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>The<BR>President</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other Top<BR>Executives</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Salary</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,271,483</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44,170,661</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>59,442,144</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Variable pay earned 2005 and paid 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,700,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23,423,344</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>32,123,344</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other benefits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">71,127</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">807,850</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>878,977</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24,042,610</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>68,401,855</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>92,444,465</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Comments to the table </I></FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Other top executives included the following persons: Karl-Henrik Sundstr&ouml;m, Sivert Bergman, Carl Olof Blomqvist, Marita Hellberg, Torbj&ouml;rn Nilsson, Bert
Nordberg, Henry St&eacute;nson, Joakim Westh, H&aring;kan Eriksson, Kurt Jofs, Bj&ouml;rn Olsson and Hans Vestberg. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#147;Other benefits&#148; include the value of matching shares received during 2006 under the Stock Purchase Plan 2003. The value of matching shares for the
President and CEO was SEK 27,429 corresponding to 989 Ericsson B-shares. For the other top executives the value for matched shares was SEK 135,839, corresponding to 4,900 Ericsson B shares. The above values are based on the share price at matching.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">In addition to the above amounts, the Company has paid fees for an external lawyer and compensated for individual taxes on this benefit, totally SEK 7,458,949, for
one person in the top executive group in connection with an alleged evasion of tax control. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>COMPENSATION COSTS INCURRED DURING 2006
FOR THE PRESIDENT AND CEO AND THE GROUP MANAGEMENT TEAM </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total costs, SEK</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>The<BR>President</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other Top<BR>Executives</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Salary</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,271,483</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44,170,661</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>59,442,144</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Provisions for variable pay earned 2006 to be paid 2007</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,940,002</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21,137,377</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>30,077,379</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other benefits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,025,547</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,258,162</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>14,283,709</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pension premiums</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,493,648</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20,981,148</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>27,474,796</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Social security fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,966,834</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30,164,068</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>41,130,902</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>45,697,514</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>126,711,416</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>172,408,930</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Comments to the table </I></FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Other benefits include the compensation cost during 2006 for share based programs. For the President and CEO the cost was SEK 3,981,849 and for the other top
executives SEK 9,586,151, which represent their part of total compensation costs as disclosed under &#147;Shares for all plans&#148;. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Stock purchase programs are a part of the total remuneration package as a compensation for the services rendered by employees. Ericsson shall recognize the value of services
received as compensation cost in the income statement at consumption of the services. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">For the President and CEO, the above pension premium includes a fee of SEK 6,580,992 corresponding to 35 percent of his pensionable salary above 20 base amounts
(one base amount 2006 was SEK 44,500), for a premium-based old age pension and a fee of SEK 373,656 for the ITP plan. Included in </FONT>
</P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">111 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:0%">
<FONT FACE="Times New Roman" SIZE="2">the pension premiums are also changes of commitments made to the President and CEO and the other top executives for benefit based temporary disability and
survival&#146;s pensions until retirement age. For the President and CEO, the change of these commitments was&#151;SEK 464,300, which amount has affected his total premiums for the year. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">The Company&#146;s commitments for benefit-based pensions per December&nbsp;31, 2006, under IAS 19 amounted to SEK 3,128,700 for the President and CEO, of which SEK
89,200 refers to old age pensions in the ITP plan and the remaining SEK 3,039,500 to temporary disability and survival&#146;s pensions until retirement age. For other top executives the Company&#146;s commitments amounted to SEK 36,869,094, of which
17,040,094 refers to old age pensions in the ITP plan. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Social security fees include payroll tax on pension premiums. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">For previous Presidents, the Company has made provisions for defined benefit pension plans in connection with their active service periods within the Company.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">In addition to the above amounts, the Company has incurred costs of SEK 9,866,698 whereof social security fees of SEK 2,407,749 for the above reported benefits for
one person in the top executive group in connection with an alleged evasion of tax control. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>OUTSTANDING STOCK OPTIONS AND MATCHING
RIGHTS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>As per</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>December&nbsp;31, 2006</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Number of B shares</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>The<BR>President</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other Top<BR>Executives</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">1999 Stock Option Plan</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13,816</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Millenium Stock Option Plan</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,238,240</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock Option Plan 2001&#151;May Grant</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">625,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock Option Plan 2002</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">690,000</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock Purchase Plan 2003 (two-year), 2005 and 2006, and Performance Matching Program 2004, 2005 and 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">705,378</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,621,974</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Comments to the tables </I></FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">For the definition of matching rights, see description under &#147;Long-term variable compensation&#148;. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">The number of options presumes full exercise under applicable plans. The Millenium Stock Option Plan expired on January&nbsp;17, 2007 and the 1999 Stock Option Plan
will expire February&nbsp;28, 2007. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">For strike prices for option plans, see &#147;Long-term variable compensation&#148;. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">The number of matching rights presumes maximum performance matching under Long-Term Incentive Plans 2004, 2005 and 2006. The matching under the Performance Matching
Programs will start in 2007. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>LONG-TERM VARIABLE COMPENSATION </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>The Stock Purchase Plan </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Stock Purchase plan is designed to offer an incentive for all employees
to participate in the Company, which is consistent with our industry and with our ways of working. Under the plans, employees can save up to 7.5 percent of the gross salary, for purchase of class B shares at market price on the Stockholm Stock
Exchange or ADRs at NASDAQ (contribution shares). If the contribution shares are retained by the employee for three </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">112 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">years after the investment and the employment with the Ericsson Group continues during that time, the employee&#146;s shares will be matched with a
corresponding number of class B shares or ADRs free of consideration. Employees in 86 countries participate in the plan. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The below table
shows the periods for employees&#146; purchase of shares (contribution period) and participation details in ongoing plans. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="22%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Plan</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Contribution</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>period</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Number of<BR>participants<BR>at launch</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Take-up<BR>rate &#150; %<BR>of all<BR>employees</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock Purchase plan 2003 1st year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">August&nbsp;2003&nbsp;&#150;&nbsp;July&nbsp;2004</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock Purchase plan 2003 2nd year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">August&nbsp;2004&nbsp;&#150;&nbsp;July&nbsp;2005</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock Purchase plan 2005</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">August 2005 &#150; July 2006</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">29</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock Purchase plan 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">August 2006 &#150; July 2007</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">29</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>The Key Contributor Program </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The Key Contributor Program is designed to give recognition to key employees as a method of retention. Under the program, about 10 percent of the employees (2004: up to 4,500, 2005: up to 5,000 and 2006: up to 6,040)
have been selected to obtain one extra matching share in addition to the ordinary one matching share for each contribution share purchased under the Stock Purchase Plan during a twelve-month program period. The program was introduced in 2004 and has
been repeated 2005 and 2006. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>The Performance Matching Program for executives </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Performance Matching Program is designed to focus the management on driving earnings and provide competitive compensation based on Swedish practice.
Under the program, executives (2004: up to 200 executives, 2005 and 2006: up to 220 executives) have been selected to obtain up to four or six extra shares (performance matching shares) in addition to the ordinary one matching share for each
contribution share purchased under the Stock Purchase Plan during a twelve-month program period. The performance matching is subject to the fulfillment of a performance target. Several possible measures have been evaluated, but earnings per share
(EPS) growth during a three-year period has been found to best suit the Company. The program was introduced in 2004 and has been repeated 2005 and 2006. In the 2006 program, the CEO is allowed to invest up to 9 percent of the salary in shares and
may obtain up to eight performance matching shares in addition to the ordinary one matching share. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The performance target for the 2004
program is annual average EPS growth between five (0 performance matching shares) and 25 percent (maximum performance matching shares). The performance target for the 2005 and 2006 programs is annual average EPS growth between three (0 performance
matching shares) and 15 percent (maximum performance matching shares). The Board may reduce the number of performance matching shares, if deemed appropriate, considering the Company&#146;s financial results and position, conditions on the stock
market and other circumstances at the time of matching. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">It is the Board of Directors&#146; intention to repeat the Stock Purchase Plan,
including the Key Contributor Program and the Performance Matching Program for next year. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Shares for all plans </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">All plans, except the Millennium Option Plan, are funded with treasury stock. Sale of shares is recognized directly in equity. The Millennium Stock Option
Plan is based on warrants, i.e. options entitling the holders to </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">113 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">subscribe for Class B shares. The warrants are held by subsidiaries to Telefonaktiebolaget L M Ericsson, which have granted options to their employees.
Treasury stock for the 1999 Option Plan was repurchased in year 2000 on the Stockholm Stock Exchange. Treasury stock for all remaining plans was issued in a directed cash issue of Class C shares at a nominal amount of SEK 1, and purchased under a
public offering at SEK 1&nbsp;per share plus a premium corresponding to the subscribers&#146; financing costs, and then converted to Class B shares. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">For all plans, additional shares and warrants have been allocated for financing of social security expenses. For the Millennium Stock Option Plan, the warrants designated for social security expenses have been
exchanged for a call option issued by a bank in order to hedge also equity against potential social security payments. For all other plans, treasury stock is sold on the Stockholm Stock Exchange to cover the social security payments when arising due
to exercise of options or matching of shares. During 2006, 2,075,564 shares were sold at an average price of SEK 27.07. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>STOCK OPTION PLANS
</B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Plan</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Grant/Expiry&nbsp;date</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Exercise&nbsp;price&nbsp;<SUP>1)<BR></SUP>(SEK)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Vesting&nbsp;period<BR>from&nbsp;Grant&nbsp;date</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Number of<BR>participants<BR>at grant</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Number of<BR>participants<BR>end 2006</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">1999 Stock Option Plan</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1&nbsp;March&nbsp;00/28&nbsp;Feb&nbsp;07</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">128.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30%&nbsp;after 3 years,</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,800</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,007</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40% after 4 years,</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30% after 5 years</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Millennium Stock Option Plan</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17 Jan 00/17 Jan 07</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93.80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1/3 after 1 year,</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,591</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1/3 after 2 years,</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1/3 after 3 years</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock Option Plan 2001</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1/3 after 1 year,</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;May Grant</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14&nbsp;May&nbsp;01/14&nbsp;May&nbsp;08</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30.50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1/3 after 2 years,</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,698</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1/3 after 3 years</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock Option Plan 2001</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1/3 after 1 year,</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">&#151;November Grant</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2) </SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19 Nov 01/19 Nov 08</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1/3 after 2 years,</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">900</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">527</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1/3 after 3 years</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stock Option Plan 2002</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11 Nov 02/11 Nov 09</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1/3 after 1 year,</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,800</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,881</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1/3 after 2 years,</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1/3 after 3 years</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE;padding-bottom:4px; margin-top:-3px" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"> <P STYLE="line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="line-height:95%; vertical-align:top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Market price at grant date&#151;re-pricing is only permitted under limited circumstances principally relating to changes
in the capital structure of Ericsson. </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> </SUP></FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">For stock options exercised during 2006, the weighted average share price was SEK 26.49. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">If all options outstanding as of December&nbsp;31, 2006, were exercised, all shares allocated for future matching under the Stock Purchase Plan were transferred, and shares designated to cover social security payments
were disposed of as a result of the exercise and the matching, approximately 34&nbsp;million Class B shares would be issued and approximately 197&nbsp;million Class B shares, held as treasury stock, would be transferred. The total, approximately
231&nbsp;million Class B shares, corresponds to 1.5 percent of the total number of shares outstanding, 15,881 million. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">114 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The below table shows the number of shares (representing options and matching rights but excluding shares for social security costs) allocated for each
ongoing plan and changes during 2006. It also shows compensation costs charged for each plan. The total compensation costs charged for the Long Term Variable Compensation plans during 2006 amount to SEK 389 million. </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Plan</B></FONT></P> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman"
SIZE="1"><B>(million&nbsp;shares)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Originally<BR>designated&nbsp;<SUP>1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Outstanding<BR>beginning<BR>of&nbsp;2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Granted<BR>during<BR>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Exercised/<BR>matched<BR>during<BR>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Forfeited<BR>during<BR>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Expired<BR>during<BR>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Outstanding<BR>end of</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Number of<BR>options<BR>exercisable</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Compensation<BR>costs</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>charged<BR>during</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="1">1999 Stock Option Plan</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">1.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">0.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">0.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">0.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">0.7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="1">Millennium Stock Option Plan</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">71.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">31.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">2.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">28.4</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">28.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="1">2001 Stock Option Plan&#151;May Grant</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">44.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">25.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">2.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">23.6</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">23.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="1">2001 Stock Option Plan&#151;Nov Grant</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">2.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">1.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">0.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">0.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">1.3</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">1.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="1">2002 Stock Option Plan</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">53.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">33.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">8.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">0.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">24.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">24.7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="1">2003 Stock Purchase Plan (2-year plan) and 2004 Key Contributor and Performance Matching programs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">151.7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">33.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">0.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">5.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">1.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">27<SUP></SUP></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1"><SUP>2)</SUP></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">245&nbsp;<SUP></SUP></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1"><SUP>3)</SUP></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="1">2005 Stock Purchase Plan, Key Contributor and Performance Matching programs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">31.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">5.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">19.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">1.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">0.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">23.6<SUP></SUP></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1"><SUP>2)</SUP></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">138&nbsp;<SUP></SUP></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1"><SUP>3)</SUP></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="1">2006 Stock Purchase Plan, Key Contributor and Performance Matching programs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">31.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">5.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">5.8<SUP></SUP></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1"><SUP>2)</SUP></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">6 <SUP></SUP></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1"><SUP>3)</SUP></FONT></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Adjusted for split, bonus issue and rights offering when applicable. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Presuming maximum performance matching under the Performance Matching Program. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Fair value is calculated as the share price on the investment date reduced by the net present value of the dividend expectations during the three year vesting period. Net present
value calculations are based on data from external party. For shares under the performance matching programs, the Company assesses the probability of meeting the performance targets when calculating the compensation costs. Fair value of Class&nbsp;B
share at each investment date during 2006 was: February&nbsp;15 SEK 25.67,&nbsp;May&nbsp;15 SEK 22.49,&nbsp;August&nbsp;15 SEK 20.32 and November&nbsp;15 SEK 26.14. </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_30"></A>C30&nbsp;&nbsp;&nbsp;&nbsp;RELATED PARTY TRANSACTIONS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">During 2006, various transactions were executed pursuant
to contracts based on terms customary in the industry and negotiated on an arm&#146;s length basis. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">115 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>SONY ERICSSON MOBILE COMMUNICATIONS AB (SEMC) </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In October 2001, SEMC was organized as a joint venture
between Sony Corporation and Ericsson, and a substantial portion of Ericsson&#146;s handset operations was sold to SEMC. As part of the formation of the joint venture, contracts were entered into between Ericsson and SEMC. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Major transactions are as follows: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>Sales. </B>Ericsson reports sales regarding mobile phone platform design to SEMC. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>Royalty. </B>Both owners of SEMC, Sony Corporation and Ericsson, receive royalties for SEMC&#146;s usage of trademarks and intellectual property rights.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>Purchases. </B>Ericsson purchases mobile phones from SEMC to support contracts with a number of customers for mobile systems which also include limited
quantities of phones. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>Dividends. </B>Both owners of SEMC, Sony Corporation and Ericsson, receive dividends. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Related party transactions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,486</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,742</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Royalty</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,478</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">654</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Purchases</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>173</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">827</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Dividends</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,160</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Related party balances</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Receivables</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>479</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">197</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>108</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ERICSSON NIKOLA TESLA D.D. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Ericsson Nikola Tesla d.d. is a joint stock company for manufacturing of telecommunications systems and equipment and an associated member of the Ericsson Group. Ericsson holds 49.07 percent of the shares. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Major transactions are as follows: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>Sales. </B>Ericsson Nikola Tesla d.d. purchases telecommunication equipment from Ericsson. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>Royalty. </B>Ericsson receives royalties for Ericsson Nikola Tesla d.d.&#146;s usage of trademarks and intellectual property rights.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>Purchases. </B>Ericsson purchases development resources from Ericsson Nikola Tesla d.d. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>Dividends. </B>Ericsson receives dividends from Ericsson Nikola Tesla d.d. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Related party transactions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>867</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">880</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Royalty</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>7</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Purchases</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>465</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">364</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Dividends</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>98</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Related party balances</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Receivables</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>86</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">132</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>82</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">50</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">116 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>OTHER RELATED PARTIES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson continued the cooperation with Ericsson&#146;s owners Investor AB and
AB Industriv&auml;rden in the venture capital vehicle Ericsson Venture Partners. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For information regarding the management remuneration,
see Note C29, Information regarding employees, members of the Board of Directors and management. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_31"></A>C31&nbsp;&nbsp;&nbsp;&nbsp;FEES TO AUDITORS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Price-</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>waterhouse-</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Coopers</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>KPMG</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Others</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Audit fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">98</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>109</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Audit related fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>14</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Tax services fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>22</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>132</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>12</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>149</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Audit fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">58</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>67</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Audit related fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>24</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Tax services fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">43</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>45</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>125</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>137</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2004</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Audit fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">57</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>64</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Audit related fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Tax services fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>33</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>98</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>14</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>113</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">During the period 2004&#150;2006 PricewaterhouseCoopers and KPMG provided the Company with certain
audit related services and tax services in addition to audit services. The audit related services provided during the period include consultation on financial accounting, consultation in connection with conversion to International Financial
Reporting Standards (IFRS), services related to acquisitions and assessments of internal control. The tax services include general expatriate services, VAT refund services and Corporate tax compliance work. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Audit fees to other auditors consist of local statutory audits for minor companies. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The increase of audit fees during 2006 is related to SOX 404. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>
<A NAME="tx36434_32"></A>C32&nbsp;&nbsp;&nbsp;&nbsp;EVENTS AFTER THE BALANCE SHEET DATE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The process of establishing a purchase price
allocation (PPA) for the acquisitions below is in progress and Ericsson disclosed a preliminary PPA for Redback in the Q1 2007 Interim report. Funding of the below acquistions will be from net cash. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">117 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>ACQUISITION OF REDBACK NETWORKS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">On December&nbsp;20, 2006, Ericsson and Redback Networks Inc.
(NASDAQ:RBAK) announced the signing of a definitive agreement under which Ericsson would acquire Redback for USD 25.00&nbsp;per share, or an aggregate price of approximately USD 1.9 billion. On January&nbsp;25, 2007, the completion of the
acquisition was announced. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Redback has over 700 carrier customers in more than 80 countries and employs about 800 people, including 500
R&amp;D engineers. Fifteen of the top 20 telephone carriers worldwide use Redback&#146;s technology, including broadband routers to manage IP-based data, voice and video services. Redback has a strong position in multi-service edge routing
technology, which helps carriers deliver broadband, telephony, TV and mobility services over internet-based infrastructures. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The
combination of Redback&#146;s intelligent routing technology and Ericsson&#146;s leading IMS (IP Multimedia Subsystem), optical transport and broadband access puts Ericsson in a leading position in end-to-end IP solutions for both fixed and mobile
operators. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ACQUISITION OF ENTRISPHERE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Ericsson announced on February&nbsp;12, 2007, the acquisition of Entrisphere, a company providing fiber access technology. Entrisphere was founded in 2000 in Santa Clara, California, and employs about 140 people, including important R&amp;D
resources. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Entrisphere acquisition brings a leading IP based broadband access platform ready for volume deployment and compliant with
both North American and international standards. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ACQUISTION OF TANDBERG TELEVISION </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">On February&nbsp;26, 2007, Ericsson announced a voluntary public cash offer to acquire Tandberg Television for NOK 106 in cash per share, or an aggregate
price of approximately SEK 9.8 billion. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson and Tandberg Television is a strong combination with a unique ability to offer complete
IPTV solutions. IPTV is key in multimedia offerings from telecom operators as well as cable and satellite operators. Tandberg&#146;s leading TV technology and customer base and our global presence and strong position in IP networks and IMS, will
create a leading player in networked media solutions. With the majority of sales in cable/satellite and the growing telecom business, Tandberg has built a premiere customer base with customers in more than 100&nbsp;countries. The company has over
200 patents granted. The European and North American operations are headquartered in Southampton, UK and Atlanta, US. Tandberg Television employs 870 people. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">On March&nbsp;23, 2007, Ericsson had received acceptances and purchased shares representing more than 90&nbsp;percent of Tandberg Television. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">On April 23, 2007, Ericsson announced that we have received favorable rulings from the relevant competition authorities to acquire all outstanding shares
in Tandberg Television. All conditions in the terms and conditions set out in the offer document, dated February&nbsp;26, 2007, have been met and Ericsson will complete the offer in accordance with the offer document. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">On May 8, 2007, post completion of the voluntary offer for Tandberg Television, Ericsson holds 74,929,553 shares in Tandberg Television, which
corresponds to about 93 percent of the outstanding shares. On the basis of Ericsson holding more than 90 percent of the outstanding shares in Tandberg Television, Ericsson will launch a mandatory offer and initiate a compulsory acquisition of the
remaining shares. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ACQUISITION OF MOBEON </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">March&nbsp;15, 2007, Ericsson announced that it will acquire business and assets of Mobeon AB, the world&#146;s leader in IP-messaging components for mobile and fixed networks. This is another step in our strategy to </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">118 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">strengthen the multimedia strategy. 21 percent of Mobeon is already owned by Ericsson, which is also the primary partner and original developer of
Mobeon&#146;s CompEdge series of carrier-class messaging. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Headquartered in Stockholm, Sweden, Mobeon is a leading supplier of IP-based
voice and video mail, key elements of Ericsson&#146;s Enriched Messaging solution, which in turn is a cornerstone of the multimedia strategy. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Mobeon has 130 employees in Sweden and the UK which will all be integrated to Ericsson&#146;s multimedia division. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>THE ANNUAL GENERAL MEETING
OF SHAREHOLDERS (AGM) </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At the Annual General Meeting of Shareholders (AGM), the AGM resolved to approve the proposals by the Nomination
Committee and the Board of Directors with the exception for a Long term Variable compensation plan 2007 and transfer of shares in connection therewith. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>ERICSSON CHANGES FINANCIAL REPORTING STRUCTURE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson has from January 1, 2007, reorganized its operating structure. On
April 24, we announced that the financial reporting is changed as from the first quarter report 2007, to reflect the new business segment structure. Ericsson reports the following business segments: Networks, Professional Services and Multimedia.
Phones, represented by the share in earnings of Sony Ericsson, will be reported as before. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>EXTRAORDINARY GENERAL MEETING TO RESOLVE THE REVISED
LONG-TERM VARIABLE COMPENSATION PLAN 2007 </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson announced on May 24, 2007, that an Extraordinary General Meeting will be held on
June 28, 2007, to resolve the revised Long-Term Variable Compensation Program 2007. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:5%; text-indent:-5%"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="tx36434_33"></A>C33&nbsp;&nbsp;&nbsp;&nbsp;RECONCILIATION TO ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As
a foreign private issuer registered at the US Securities and Exchange Commission, the Company is required to reconcile certain financial information to accounting principles generally accepted in the United States (US GAAP). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The principal differences between IFRSs and US&nbsp;GAAP that affect our net income, as well as our stockholders&#146; equity, relate to the treatment of
restructuring cost, pensions, sale-lease back, reversals of impairment losses, goodwill and capitalization of development expenses. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>NEW US GAAP
STANDARDS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The following FASB standards and pronouncements have been adopted in 2006: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">SFAS 123R Share-Based Payments </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">SFAS 151 Inventory Costs </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">SFAS 154 Accounting Changes and Error Corrections </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">SFAS 158 Employers&#146; Accounting for Defined Benefit Pension and Other Postretirement Plans </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">SAB 108 Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The new standards adopted in 2006 do not have any impact on the US&nbsp;GAAP figures. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The following FASB interpretation is expected to be adopted in 2007: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">FIN 48: accounting for uncertainty in Income Taxes an interpretation of FASB statement No.&nbsp;109 </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">119 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Restructuring costs </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Under IFRSs, a provision for severance pay is recognized in the balance sheet
and income statement when a constructive obligation to restructure arises, which requires that a detailed formal plan has been communicated to those affected by it. Its implementation needs to be planned to begin as soon as possible and to be
completed in a timeframe that makes significant changes to the plan unlikely. Under US&nbsp;GAAP provisions for severance pay is recognized over the remaining service period when a company has a detailed formal plan which has been communicated to
those affected. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If an entity reporting under IFRSs has a contract that is onerous, the present obligation under the contract shall be
recognized and measured as a provision. Under US&nbsp;GAAP, costs to terminate a contract before the end of its term should be recognized as a liability and measured at fair value when the entity terminates the contract in accordance with the
contract terms. A liability for costs that will continue to be incurred under a contract for its remaining term without economic benefit to the entity should be recognized and measured at its fair value when the entity ceases to use the right
conveyed by the contract. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson has identified a difference between US&nbsp;GAAP and IFRSs of SEK 144&nbsp;million (112 million in
2005; 88&nbsp;million in 2004) related to leasehold property that has not yet been vacated and thus not qualified as provisions in accordance with US&nbsp;GAAP, and SEK 60&nbsp;million (95 million in 2005; 0 million in 2004) related to severance pay
not yet recognized per US GAAP. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Pensions </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Different transition dates and the treatment of prior service cost and actuarial gains and losses are the main differences for Ericsson between IFRSs and US&nbsp;GAAP for accounting of defined benefit plans. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Under IFRS, Ericsson adopted IAS 19 Employee Benefits on January&nbsp;1, 2004, and IAS 19 as amended on January&nbsp;1, 2006. At adoption of IAS 19,
actuarial gains and losses were recognized in the opening balance. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For US&nbsp;GAAP, the Company adopted SFAS 87, &#147;Employer&#146;s
Accounting for Pensions&#148; in 1989 and FAS&nbsp;158, &#147;Employer&#146;s Accounting for Defined Benefit Pension and Other Postretirement Plans&#148; in 2006. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The different transition dates for accounting of defined benefit plans between US&nbsp;GAAP and IFRSs affect the balances of actuarial gains and losses, which impact reported pension costs. Under IAS 19, all
unrecognized actuarial gains and losses are reported directly to retained earnings in equity, i.e. with no impact on the income statement, whereas SFAS 158 under US&nbsp;GAAP requires amortization of actuarial gains and losses outside a corridor
value. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Under US&nbsp;GAAP, companies recognize a net liability or asset to report the funded status of their defined benefit plans on
their balance sheets, whereas under IFRS companies recognize the net of the funded status and unrecognized prior service cost as a provision or asset in the balance sheet. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Sale-leaseback of real estate </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">During 2000 and 2001, the Company sold real estate assets, which were
then leased back to subsidiary companies and reported as operating leases. Under IFRSs the gain on sale of property is credited to income, if the rent to be paid is in par with market price. In accordance with US&nbsp;GAAP the part of the gain
exceeding present value of future lease payments is credited to income when incurred. The remaining part is recognized over the lease period. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">120 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Derivatives: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson adopted IAS 39 &#147;Financial Instruments; Recognition and Measurement&#148;
January 1, 2005. According to IAS 39, all derivatives should be recognized at fair value on the balance sheet. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Under US GAAP, the Company
adopted SFAS 133, &#145;&#145;Accounting for Derivative Instruments and Hedging Activities&#146;&#146;, as amended, on January 1, 2001, for calculating income and equity. SFAS 133 requires recognition of all derivatives as either assets or
liabilities measured at fair value similarly to IAS 39. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As a result of different opening balances in the Hedge Reserve relating to cash
flow hedging, the effect in the income statement differs between IFRSs and US GAAAP. The closing balances 2005 of the Hedge Reserve were the same, as cash flow hedge accounting is applied to the same extent under US GAAP and IFRSs. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In the end of 2006 fair value hedge accounting was used to the same extent under both standards. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Unrealized gains and losses on securities available-for-sale</B> </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">In accordance with IAS 39, available-for-sale investments that can be reliably determinable are measured at fair value. The unrealized movements in fair value are recognized in equity until disposal or sale, at which time, those unrealized
movements from prior periods are recognized in profit or loss. Losses other than temporary that reduce the carrying amount below acquisition cost should be recognized in profit or loss. Investments in equity instruments that do not have a quoted
market price in an active market and whose fair value cannot be reliably measured may be measured at cost. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Under US GAAP, the
Company&#146;s listed marketable securities are classified as available-for-sale and measured at fair value in accordance with SFAS 115 &#147;Accounting for Certain Investments in Debt and Equity Securities&#148;. Investments in equity instruments
not publicly traded are carried at cost. Unrealized gains and temporary losses are reported as a separate component of stockholder&#146;s equity included in other comprehensive income. Other than temporary unrealized losses are charged to income.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Prior to 2005, investments in available-for-sale instruments were recorded in accordance with Swedish GAAP at cost less impairment. As IAS
39 was adopted in 2005, there is no reconciling difference for the current investments. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Reversals of impairment losses </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">IFRSs require reversal of impairment losses when there has been a change in economic conditions or in the expected use of an asset. Under IFRSs Ericsson
has reversed impairment losses for test plants. This is prohibited under US&nbsp;GAAP and reduces the US&nbsp;GAAP net income. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Goodwill </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson adopted IFRS 3 &#147;Business Combinations&#148; on January&nbsp;1, 2004. Under IFRS 3, goodwill is not subject to amortization, but requires
an impairment review at least annually. Under US&nbsp;GAAP, the Company applies SFAS 142. According to SFAS 142, goodwill is not subject to amortization subsequent to the date of adoption, but instead tested for impairment at least annually
similarly to IFRS 3. Under IFRS, as disclosed in note C10 Intangible Assets, goodwill in segment Systems is allocated to one cash-generating unit. Under US GAAP, impairment tests have been performed for reporting units. No need for impairment was
identified in either of the two standards. The presented difference in closing balances of goodwill pertains to different transition dates for IFRS 3 and SFAS 142. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">121 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Capitalization of development costs </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">According to IFRSs, development costs are capitalized after the
products have reached a certain degree of technological feasibility. Capitalization ceases and amortization begins when the product is ready for its intended use. The Company has adopted an amortization period for capitalized development costs of
three to five years. Under US&nbsp;GAAP, the Company applies US&nbsp;GAAP SFAS 86 &#147;Accounting for the Cost of Computer Software to be Sold, Leased or Otherwise Marketed&#148; and SOP 98-1 &#147;Accounting for the costs of Computer Software
Developed or Obtained for Internal use&#148;. According to SFAS 86, software development costs are capitalized after the product involved has reached a certain degree of technological feasibility similarly to IFRSs. However, under US&nbsp;GAAP
non-software related development costs may not be capitalized as per IFRSs, and are therefore expensed under US GAAP. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>OTHER </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Capitalization of interest expenses </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Under IFRSs, an
entity can choose to capitalize the borrowing costs where they are directly attributable to the acquisition, construction or production of a qualifying asset. The Company has chosen to expense the borrowing costs incurred. Such costs should be
capitalized in accordance with US&nbsp;GAAP, and depreciated as the assets concerned are used. As amortization exceeds the capitalization during the year, the net income is reduced by SEK 10&nbsp;million according to US&nbsp;GAAP (28 million in
2005; 58&nbsp;million in 2004). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Provision for social security cost on stock-based compensation </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Under IFRSs, the Company accrues social security costs on stock-based compensation during the vesting period. Provisions are adjusted for movements in
share price. Under US&nbsp;GAAP, no social security costs are recorded until the options are exercised or matching of shares takes place, which increases net income by SEK&nbsp;27&nbsp;million under US&nbsp;GAAP (52 million in 2005; 76&nbsp;million
in 2004). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>FIN 45 </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Under US&nbsp;GAAP,
FIN 45 requires a liability to be recognized at the time a company issues a guarantee measured at the fair value of the obligations assumed under certain guarantee agreements. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Due to an amendment of IAS 39 in relation to accounting treatment of financial guarantee contracts in 2006 the application of FIN 45 has no material
effect on the Company&#146;s earnings and financial position under US GAAP from 2006. Prior to 2006, a provision was recognized under IFRS only when there was an estimated outflow as a result of the guarantee. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Deferred tax effect related to intercompany profits in inventory </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">According to IFRSs, deferred tax effect related to intercompany profits in inventory is recognized at the buyer&#146;s tax rate, whereas under US&nbsp;GAAP the seller&#146;s tax rate is used. The effect of this
difference increased net income according to US&nbsp;GAAP in 2006 by SEK 39&nbsp;million (-35&nbsp;million in 2005; -45&nbsp;million in 2004). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Deferred
income taxes </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Deferred tax is calculated on US&nbsp;GAAP adjustments, and the US&nbsp;GAAP balance sheet reflects the gross recognition
of deferred tax assets and liabilities. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">122 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><I>Discontinued Operations </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SFAS144 &#147;Accounting for the Impairment or Disposal of Long-lived
Assets&#148; requires a component of an entity that either has been disposed or is classified as held for sale to be reported as a discontinued operation if (a)&nbsp;the operations and cash flow of the component have been (or will be) eliminated
from the ongoing operations of the Group as a result of the disposal transaction; and b) the group will not have any significant continuing involvement in the operations of the component after the disposal. A component of an entity comprises
operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. A component of an entity may be a reportable segment, a reporting unit, a subsidiary, or an asset group.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In accordance with IFRS, the Group classifies a discontinued operation as a component of an entity, which (a)&nbsp;pursuant to a single
plan, the entity is disposing of in its entirety, (b)&nbsp;represents a separate major line of business or geographical activity and (c)&nbsp;can be distinguished operationally and for financial reporting purposes. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The divestment of the Defense operation on September 1, 2006, is classified as a discontinued operation under US GAAP. However, as the transaction does
not represent a major line of business, it has not been classified as a discontinued operation under IFRS. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The table below sets forth the
amounts reflected as discontinued operations for 2006, 2005 and 2004, and the amounts reclassified from continuing to discontinued operations, under US GAAP. The discontinued operations refer entirely to the divestment of the Defense operations.
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>(MSEK)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,436</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,070</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,071</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Operating income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,827</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">101</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">73</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,820</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">183</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">158</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The 2006 operating income and net income are both affected by the gain on sale of shares in
Ericsson Microwave Systems, see note C6. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Adjustment of net income, equity and balance sheet items </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Application of US&nbsp;GAAP as described above would have had the following effects on consolidated net income. In arriving at the individual items
increasing or decreasing reported net income, consideration has been given to the effect of minority interests. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">123 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>ADJUSTMENT OF NET INCOME </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income attributable to stockholders of the parent company per IFRSs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,251</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,315</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,539</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>US&nbsp;GAAP adjustments before taxes:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pensions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-439</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-64</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-245</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sale-leaseback</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>93</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">191</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">352</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Hedging</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">408</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-2,915</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capitalization of development costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-37</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-78</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-76</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Restructuring costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-4</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">120</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1,354</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Unrealized gains and losses on available-for-sale securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-82</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversals of impairment losses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-31</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-380</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>93</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">56</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">82</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Tax effect of US&nbsp;GAAP adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>154</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-73</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,085</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Net income in accordance with US GAAP</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,080</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,495</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,386</FONT></TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>


<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD></TR>

<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Earnings per share in accordance with US GAAP</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Earnings per share per US&nbsp;GAAP, basic</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.64</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.55</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.91</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Earnings per share per US&nbsp;GAAP, diluted</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.64</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.54</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.91</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Average number of shares, basic per US&nbsp;GAAP (million)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,871</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,843</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,829</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Average number of shares, diluted per US&nbsp;GAAP (million)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,943</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,907</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,855</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income for the period from continuing operations according to US&nbsp;GAAP</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>23,260</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,312</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,228</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income for the period from discontinued operations according to US&nbsp;GAAP</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,820</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">183</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">158</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total income for the period according to US GAAP</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,080</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,495</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,386</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Earnings per share from continuing operations basic</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.47</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.53</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.90</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Earning per share from discontinued operations basic</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.17</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.02</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.01</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total earnings per share basic</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.64</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.55</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.91</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ADJUSTMENT OF STOCKHOLDERS&#146; EQUITY </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equity attributable to stockholders of the parent company per IFRSs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>120,113</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">101,622</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">80,445</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">US&nbsp;GAAP adjustments before taxes:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pensions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-83</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,822</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">949</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Goodwill</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2,698</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,705</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,705</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sale-leaseback</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-744</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;837</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;1,028</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,604</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capitalization of development costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-191</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;154</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;76</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Restructuring costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>204</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">208</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">88</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Unrealized gains and losses on available-for-sale securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">411</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversals of impairment losses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>-411</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;380</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>348</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">246</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">190</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Deferred tax effect of US&nbsp;GAAP adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#150;36</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;594</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#150;919</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Stockholders&#146; equity in accordance with US GAAP</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>121,898</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">104,638</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">84,369</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">124 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="3"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS&#151;(Continued) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>BALANCE SHEET </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Balance sheet items according to IFRSs and US GAAP: </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="52%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>IFRSs<BR>Dec. 31<BR>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Dec. 31<BR>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Dec.31<BR>2004</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Dec. 31<BR>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>US&nbsp;GAAP<BR>Dec. 31<BR>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Dec.31<BR>2004</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Non-current assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>63,373</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">51,183</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49,300</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>65,470</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">52,889</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">53,435</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Current assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>151,567</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">158,153</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">136,886</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>151,567</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">158,153</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">139,428</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>214,940</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">209,336</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">186,186</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>217,037</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">211,042</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">192,863</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stockholders&#146; equity attributable to stockholders of the parent company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>120,113</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">101,622</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">80,445</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>121,898</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">104,638</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">84,369</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Minority interests</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>782</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">850</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,057</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>782</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">850</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,057</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Non-current liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>23,724</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,111</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35,347</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>23,717</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22,680</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">36,880</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Current liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>70,321</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">82,753</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">69,337</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>70,640</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">82,874</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">70,557</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total stockholders&#146; equity and liabilities</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>214,940</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">209,336</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">186,186</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>217,037</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">211,042</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">192,863</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Share-Based Compensation </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><I>Stock Option Plan </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson adopted IFRS 2 &#147;Share-based Payments&#148; on January&nbsp;1, 2004,
with the optional exception to apply IFRS 2 only to equity instruments granted after November&nbsp;7, 2002. For one employee option program, granted after this date and not yet vested by January&nbsp;1, 2005, Ericsson recognized a charge to income
representing the fair value at grant date of the outstanding employee options. The impact on the operating profit was a charge of SEK&nbsp;14&nbsp;million in 2005 and no impact in 2006. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">There were no employee option programs with vesting periods during 2006 and consequently no charge was made during 2006. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Up until 2003, the Company, as permitted under SFAS 123 &#147;Accounting for Stock Based Compensation&#148;, applied Accounting Principles Board Opinion
25 (APB 25) and related interpretations in accounting for its stock option plans under US GAAP. No compensation expense was reflected in the consolidated income statement, as no compensation expense arose when the strike price of the employee&#146;s
stock options equaled the market value of the underlying stock at grant date, as in the case of all options granted to Ericsson&#146;s employees. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">In 2003 Ericsson adopted SFAS 148 &#147;Accounting for Stock-Based Compensation-transition and Disclosure, an amendment of FASB Statement No.&nbsp;123&#148;. The adoption method chosen was the &#147;Prospective method&#148;. This method
stated that the recognition provisions should be applied to all employee awards granted, modified, or settled after the beginning of the fiscal year in which the recognition provisions were first applied. As the Company has had no changes to its
current stock option plans nor any new stock option plans started after implementing SFAS 148, there has been no effect to the income according to US GAAP. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">If the Company had chosen to adopt the optional recognition provisions of SFAS 123 for its stock option plans, net income (loss) and earnings (loss) per share in accordance with US&nbsp;GAAP would not have been
materially affected. No option programs were initiated during 2004, 2005 or 2006. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Stock Purchase Plans </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For its stock purchase plans, Ericsson has applied SFAS 123R according to US&nbsp;GAAP and IFRS 2 according to IFRSs. The stock purchase plans have been
expensed in the income statement according to both IFRSs and US&nbsp;GAAP since 2003, the first year in which stock purchase plans were issued that still had a vesting period in 2006. The costs are based on the fair value at investment date and
charged to profit or loss and credited to shareholders&#146; equity and accordingly we have not identified any differences between IFRS and US GAAP. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">125 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>
<A NAME="rom36434_9"></A>RISK FACTORS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><I>You should carefully consider all the information in this annual report and in particular the
risks and uncertainties outlined below. Any of the factors described below, or any other factors discussed elsewhere in this report, could have a material negative effect on our business, operational results, financial condition, liquidity and/ or
our share price. Furthermore, our operational results may have a greater variability than in the past and we may have more difficulty in accurately predicting future developments. </I></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>RISK ASSOCIATED WITH THE INDUSTRY AND MARKET CONDITIONS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We conduct business throughout the world and
are subject to the effects of general global economic conditions as well as conditions unique to a specific country and region. In particular, we are affected by market conditions within the telecommunications industry. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>We are subject to political, economic and regulatory risks in the various countries in which we operate. </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We conduct business in more than 140 countries, with a significant proportion of our sales originating from emerging markets in Asia Pacific, Latin
America, Eastern Europe, the Middle East and Africa. We expect that sales to such emerging markets will be an increasing portion of total sales as developing nations and regions around the world increase their investments in telecommunications. We
already have extensive operations in many of these countries, which involve certain risks, including volatility in gross domestic product, civil disturbances, economic and political instability, nationalization of private assets and the imposition
of exchange controls. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Changes in regulatory requirements, tariffs and other trade barriers, price or exchange controls or other
governmental policies in the countries in which we conduct business could limit our operations and make the repatriation of profits difficult. In addition, the uncertainty of the legal environment in some regions could limit our ability to enforce
our rights. We also must comply with the export control regulations of the countries in which we operate. Although we seek to comply with each of these regulations, even unintentional violations thereof could have material adverse effects on our
business, operational results and reputation. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>We are subject to the market conditions affecting the capital and operating expenditures of our
customers, making demand for our products and services highly unpredictable. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Adverse economic conditions could cause network operators
to postpone investments or initiate other cost-cutting initiatives to improve their financial position, which could result in significantly reduced capital expenditures for network infrastructure. If operator spending for network equipment and
associated rollout services declines substantially, our business and operating results would suffer. We have established better flexibility to cost effectively accommodate fluctuations in demand. However, if demand were to fall, or were to be
significantly weaker than expected, we may experience material adverse effects and may incur operating losses in the future. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Our business essentially
depends upon the continued growth of mobile communications. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Most of our business depends on continued growth in mobile communications
in terms of both number of subscriptions and usage per subscriber, which in turn requires the continued deployment of our network systems by customers. In particular, we are dependent on operators in highly penetrated markets to successfully
introduce services that cause a substantial increase in usage for both voice and data. In emerging markets, we are, to a certain extent, dependent on the availability of lower-cost handsets in addition to affordable tariffs by operators to support a
continued increase of mobile subscribers. If operators are not successful in their attempts to increase the number of subscribers and/or stimulate increased usage, our business and operational results could be materially adversely affected.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">126 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Changes in the regulatory environment for telecommunications systems and services could negatively impact our business. </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Telecommunications is a regulated industry and regulatory changes affect both our customers and us. For example, changes in regulations that impose
more stringent, time-consuming or costly planning, zoning requirements or building approvals regarding the construction of base stations and other network infrastructure could adversely affect the timing and costs of new network construction or
expansion and the commercial launch and ultimate commercial success of these networks. Similarly, tariff regulations that affect the pricing of new services offered by operators could also affect their ability to invest in network infrastructure,
which in turn could affect the sales of our systems and services. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">License fees, environmental, health and safety, privacy and other
regulation changes may increase costs and restrict operations of network operators and service providers. The indirect impact of such changes could affect our business adversely even though the specific regulations may not directly apply to our
products or us. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Consolidation among network operators may increase our dependence on a limited number of key customers. </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The market for mobile network equipment is highly concentrated, with the 10 largest operators representing more than 40 percent of the total market.
Network operators have undergone significant consolidation, especially among companies operating in different countries. This trend is expected to continue, while also intra-country consolidation is likely to accelerate as a result of competitive
pressure. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A market with fewer and larger operators will increase our reliance on key customers and, due to the increased size of these
companies, may negatively impact our bargaining position and profit margins. Moreover, if the combined companies operate in the same geographic market, less network equipment and associated services may be required. Another possible consequence of
customer consolidation is that it could cause a delay in their network investments while they negotiate merger/acquisition agreements, secure necessary approvals, or are constrained by efforts to integrate the businesses. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Consolidation among equipment and services suppliers may lead to increased competition and a different competitive landscape. </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Industry consolidation among equipment suppliers could potentially result in stronger competitors that are competing as end-to-end suppliers as well as
competitors more specialized in particular areas. Consolidation may also result in competitors with greater resources, including technical and engineering resources, than we have. This could have a material adverse effect on our business, operating
results, and financial condition. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>We operate in a highly competitive industry, which is subject to competitive pricing and rapid technological change.
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The markets for our products are highly competitive in terms of pricing, functionality and service quality, the timing of development
and introduction of new products and services and terms of financing. We face intense competition from significant competitors. Our competitors may implement new technologies before we do, allowing them to offer more attractively priced or enhanced
products, services or solutions than we provide. Some of our competitors may have greater resources in certain business segments or geographic markets than we do. We may also encounter increased competition from new market entrants, alternative
technologies or alternative telecommunications platforms. Our operating results significantly depend on our ability to compete in this market environment, in particular on our ability to introduce new products to the market and to continuously
enhance the functionality while reducing the cost of new and existing products. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">127 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Liability claims related to and public perception of the potential health risks associated with electromagnetic fields could negatively
affect our business. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We are subject to claims that mobile handsets and other telecommunications devices that generate electromagnetic
fields expose users to health risks. At present, a substantial number of scientific studies conducted by various independent research bodies have indicated that electromagnetic fields, at levels within the limits prescribed by public health
authority safety standards and recommendations, cause no adverse effect to human health. However, any perceived risk or new scientific findings of adverse health effects of mobile communication devices and equipment could adversely affect us through
a reduction in sales. Although Ericsson&#146;s products are designed to comply with all current safety standards and recommendations regarding electromagnetic fields, we cannot assure you that we or the jointly owned Sony Ericsson Mobile
Communications will not become the subject of product liability claims or be held liable for such claims or be required to comply with future regulatory changes that may have an adverse effect on our business. See also &#147;Legal and Tax
proceedings&#148; in the Board of Directors&#146; Report . </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Our current and historical operations are subject to a wide range of environmental, health
and safety regulations. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We are subject to certain environmental, health and safety laws and regulations that affect our operations,
facilities and products in each of the jurisdictions in which we operate. We believe that we are in compliance with all material environmental, health and safety laws and regulations related to our products, operations and business activities.
However, there is a risk that we may have to incur expenditures to cover environmental and health liabilities to maintain compliance with current or future environmental, health and safety laws and regulations or to undertake any necessary
remediation. It is difficult to reasonably estimate the future impact of environmental matters, including potential liabilities due to a number of factors especially the lengthy time intervals often involved in resolving them. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Strategic and operational risks </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our business is
subject to a wide variety of factors that impact our strategies and operating results. Any of these factors could have a material adverse impact on our operating results. Furthermore, results of operations for any period may not necessarily be
indicative of results to be expected in future periods. Consequently, our operating results may fluctuate significantly from period to period which may lead us to revise our estimates and/ or strategies. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Most of our business is derived from a limited number of customers. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">We derive most of our business from large, multi-year network build-out agreements with a limited number of significant customers. Although no single customer currently represents more than 10 percent of sales, the
loss of, or a reduced role with, a key customer for any reason could have a significant adverse impact on sales, profit and market share for an extended period. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Some long-term frame agreements expose us to risks related to agreed future price reductions or penalties. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Long-term
agreements are typically awarded on a competitive bidding basis. In some cases such agreements also include commitments to future price reductions. In order to maintain gross margin even with lower prices, we continuously strive to reduce the costs
of our products through design improvements and other changes in costs related to e.g. component prices, productivity in production, etc. We can not assure you that our cost reduction actions will be sufficient to maintain our gross margin.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">128 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Frame agreements often also provide for penalties and termination rights in the event of our failure to deliver ordered
products on time or if our products do not perform as promised, which may affect our results negatively. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>We expend significant resources on product and
technology R&amp;D which may not be successful in the market. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Developing new products or updating existing products and solutions
requires significant levels of financial and other commitments to research and development, which may not always result in success. We are also actively engaged in the development of technology standards that we are incorporating into our products
and solutions. In order to be successful, those standards must be accepted by relevant standardization bodies and by the industry as a whole. Our sales and earnings may suffer if we invest in development of technologies and technology standards that
do not function as expected, are not adopted in the industry or are not accepted in the marketplace within the time-frame we expect, or at all. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Please also see section &#147;Research and Development&#148; in the Board of Directors&#146; Report and in Information on the Company. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>We
enter into joint ventures, strategic alliances and third party agreements to offer complementary products and services. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If our
partnering arrangements fail to perform as expected, whether as a result of having incorrectly assessed our needs or the capabilities of our strategic partners, our ability to work with these partners or otherwise, our ability to develop new
products and solutions may be constrained and this may harm our competitive position in the market. Additionally, our share of any losses from, or commitments to contribute additional capital to, joint ventures may adversely affect our financial
position or results of operations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In the case of our joint venture with Sony Corporation, if the joint venture is unsuccessful for any
reason, we may not be able to compete as successfully in the mobile systems market or at all in the mobile handset market. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our solutions
may also require us to license technologies from other companies and successfully integrate such technologies with our products. It may be necessary in the future to seek or renew licenses relating to various aspects of these products. There can be
no assurance that the necessary licenses would be available on acceptable terms, or at all. Moreover, the inclusion in our products of software or other intellectual property licensed from third parties on a non-exclusive basis could limit our
ability to protect our proprietary rights in our products. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>We cannot be certain that we will be successful in integrating acquired operations with our
existing operations. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our success depends in part upon the successful integration of the operations that we acquire. Although we believe
that the consummation of acquired businesses will result in significant benefits and synergies, the integration of these operations will also present significant challenges, including: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">realizing economies of scale and eliminating duplicative overheads; and </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">integrating internal communications networks, financial and operational systems and processes. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We cannot assure you, with respect to our recent acquisitions, that we will realize any anticipated benefits or will successfully integrate any of the
acquired operations with our existing operations. The acquired companies may not have disclosure controls and procedures or internal controls over financial reporting that are as thorough </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">129 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">or effective as those required by U.S. security laws for public companies. While we intend to implement appropriate controls and procedures as we integrate
the operations, we cannot provide assurance as to the effectiveness of their disclosure controls and procedures or internal controls over financial reporting until we have fully integrated them. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Our products incorporate intellectual property rights (IPR) developed by us that may be difficult to protect or may be found to infringe on the rights of others.
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">While we have been issued a large number of patents and other patent applications are currently pending, there can be no assurance that
any of these patents will not be challenged, invalidated, or circumvented, or that any rights granted under these patents will in fact provide competitive advantages to us. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The European Union recently considered placing restrictions on the patentability of software. Although the European Union ultimately rejected this
proposal, we cannot guarantee that they will not revisit this issue in the future. We rely on many software patents, and any limitations on the patentability of software may materially affect our business. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We utilize a combination of trade secrets, confidentiality policies, non-disclosure and other contractual arrangements in addition to relying on patent,
copyright and trademark laws to protect our intellectual property rights. However, these measures may not be adequate to prevent or deter infringement or other misappropriation. Moreover, we may not be able to detect unauthorized use or take
appropriate and timely steps to establish and enforce our proprietary rights. In fact, existing laws of some countries in which we conduct business offer only limited protection of our intellectual property rights, if at all. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Many key aspects of telecommunications and data network technology are governed by industry-wide standards, which are usable by all market participants.
As the number of market entrants as well as the complexity of the technology increases, the possibility of functional overlap and inadvertent infringement of intellectual property rights also increases. Third parties have asserted, and may assert in
the future, claims against us alleging that we infringe their intellectual property rights. Defending such claims may be expensive, time consuming and divert the efforts of our management and/or technical personnel. As a result of litigation, we
could be required to pay damages and other compensation, develop non-infringing products/technology or enter into royalty or licensing agreements. However, we cannot be certain that any such licenses, if available at all, will be available to us on
commercially reasonable terms. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Adverse resolution of litigation may harm our operating results or financial condition. </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We are a party to lawsuits in the normal course of our business. Litigation can be expensive, lengthy and disruptive to normal business operations.
Moreover, the results of complex legal proceedings are difficult to predict. An unfavorable resolution of a particular lawsuit could have a material adverse effect on our business, operating results, or financial condition. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For additional information regarding certain of the lawsuits in which we are involved, see &#147;Legal and Tax Proceedings&#148; in the Board of
Directors&#146; Report. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>We rely on a limited number of suppliers for the majority of our components and electronic manufacturing services.
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our ability to deliver according to market demands depends in large part on obtaining timely and adequate supply of materials,
components and production capacity on competitive terms. Failure by any of our suppliers could interrupt our product supply and could significantly limit our sales or increase our costs. If we fail to </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">130 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">anticipate customer demand properly, an over/undersupply of components and production capacity could occur. In many cases, some of our competitors also
utilize the same contract manufacturers, and we could be blocked from acquiring the needed components or increasing capacity if they have purchased capacity ahead of us. This factor could limit our ability to supply our customers or could increase
our costs. At the same time we commit to certain capacity levels or component quantities, which, if unused, will result in charges for unused capacity or scrapping costs. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>We are dependent upon hiring and retaining highly qualified employees. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We believe that our future
success depends in large part on our continued ability to hire, develop, motivate and retain engineers and other qualified personnel needed to develop successful new products, support our existing product range and provide services to our customers.
Competition for skilled personnel and highly qualified managers in the telecommunications industry remains intense. We are continuously developing our compensation and benefit policies as well as other measures. However, we may not be as successful
at attracting and retaining such highly skilled personnel in the future. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>As a Swedish company operating globally, we have substantial foreign exchange
exposures. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">With the majority of our cost base being Swedish krona (SEK) denominated and a very large share of sales in currencies other
than SEK, and many subsidiaries outside Sweden, our foreign exchange exposure is significant. Currency exchange rate fluctuations affect our consolidated balance sheet, cash flows and income statement when foreign currencies are exchanged or
translated to SEK. Our attempts to reduce the effect of exchange rate fluctuations through a variety of hedging activities may not be sufficient or successful, resulting in an adverse impact on our results. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A stronger SEK exchange rate would generally have a negative effect on our competitiveness compared to competitors with costs denominated in other
currencies. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>A significant interruption or other failure of our information technology (IT) operations or communications networks could have a material
adverse affect on our operations and results. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our business operations rely on complex IT operations and communications networks which
are vulnerable to damage or disturbance from a variety of sources. Having outsourced a significant portion of our IT operations, we depend partly on security and reliability measures of external companies. Regardless of protection measures,
essentially all IT systems and communications networks are susceptible to disruption from equipment failure, vandalism, computer viruses, security breaches, natural disasters, power outages and other events. Although we have experienced disruptions
from computer viruses, security breaches, power outages and equipment failures in the past, our operations or results have not been materially affected to date. We will continue to expend significant resources to manage and try to mitigate these
risks and we may incur additional costs to remedy damage caused by such disruptions, especially for computer viruses and security breaches. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>RISKS
ASSOCIATED WITH OWNING ERICSSON SHARES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Our share price has been and may continue to be volatile. </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our share price has been volatile due in part to the high volatility in the securities markets generally, and for telecommunications and technology
companies in particular, as well as developments from quarter to quarter which impact our financial results. Factors other than our financial results that may affect our share price include but are not limited to variations between our actual
financial results and expectations of financial analysts and investors as well as a result of announcements by our customers, competitors or ourselves regarding capital </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">131 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">spending plans of network operators, financial difficulties for network operators for whom we have provided financing or with whom we have entered into
material contracts, awards of large supply agreements or contracts for network roll-out. Additional factors include but are not limited to: speculation in the press or investment community about the level of business activity or perceived growth in
the market for mobile communications services and equipment; technical problems, in particular those relating to the introduction and viability of new network systems like 3G; potential litigation involving ourselves or the markets in which we
operate. Even though we may not be directly involved, announcements concerning bankruptcy or other similar reorganization proceedings involving, or any investigations into the accounting practices of, other telecommunications companies may
materially adversely affect our share price. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Currency fluctuations may adversely affect the trading prices of our Class B shares and ADSs and the value
of any distributions we make thereon. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Because our shares are quoted in Swedish kronor (SEK) on the Stockholm Stock Exchange (our
primary stock exchange) but on NASDAQ and the London Stock Exchange in local currencies, i.e. USD and GBP, fluctuations in exchange rates between SEK and these currencies in which our Class B shares or ADSs are quoted may affect the value of your
investment. In addition, because we pay cash dividends in SEK, fluctuations in exchange rates may affect the value of distributions if arrangements with your bank, broker or depositary, in the case of ADSs, call for distributions to you in
currencies other than SEK. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">132 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>
<A NAME="rom36434_10"></A>INFORMATION ON THE COMPANY </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>GENERAL FACTS ON THE COMPANY </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Legal name: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Telefonaktiebolaget LM Ericsson (publ) </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Organization number: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">556016-0680 </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Legal form of the Company: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A Swedish limited
liability company organized under the Swedish Companies Act. The terms &#147;Ericsson&#148;, &#147;the Company&#148;, &#147;the Group&#148;, &#147;us&#148;, &#147;we&#148;, &#147;our&#148; all refer to Telefonaktiebolaget LM Ericsson and its
subsidiaries. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Country of incorporation: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Sweden. The Company was incorporated on August&nbsp;18, 1918, as a result of a merger between AB LM Ericsson&nbsp;&amp; Co. and Stockholms Allm&auml;nna Telefon AB. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Domicile: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our registered address is Telefonaktiebolaget LM Ericsson, SE-164 83 Stockholm, Sweden.
Our headquarter is located at Torshamnsgatan 23, Kista, Sweden. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our telephone number is &#043;46 8 719 0000. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our web site is www.ericsson.com. Please note that information on our web site does not form part of this document. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Agent in the US: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson Inc., Vice President Legal
Affairs, 6300 Legacy Drive, Plano, Texas 75024. Telephone number &#043;1&nbsp;972 583 0000. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Shares: </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our Class&nbsp;A and B shares are traded on Stockholmsb&ouml;rs-en (the Stockholm Stock Exchange). Our Class B shares are also traded on the London Stock
Exchange (LSE). In the United States, our American depository shares (ADS), each representing 10 underlying Class B shares, are traded on NASDAQ. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Parent Company operations: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The business of the Parent Company, Telefonaktiebolaget LM Ericsson, consists mainly of
corporate management, holding company functions and internal banking activities. Parent Company operations also include customer credit management activities performed by Ericsson Credit AB. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Subsidiaries and associated companies: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For a listing
of our significant subsidiaries, please see Notes to the Parent Company Financial Statements&#151;Note P9 &#147;Investments&#148;. In addition to our joint venture with SONY Corporation, we are engaged in a number of </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">133 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">other minor joint ventures, cooperative arrangements and venture capital initiatives. For more information regarding risks associated with joint ventures,
strategic alliances and third party agreements, please see &#147;Risk Factors&#151;Strategic and Operational Risks&#148;. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>DOCUMENTS ON DISPLAY:
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We file annual reports and other information (normally in Swedish only) for certain domestic legal entities with Bolagsverket (Swedish
Companies Registration Office) pursuant to Swedish rules and regulations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">You may order any of these reports from their web site
www.bolagsverket.se. If you access these reports, please be aware that the information included may not be indicative of our published consolidated results in all aspects. Other than information related to the Parent Company, only consolidated
numbers for the Group totals are included in our reports. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We also file annual reports and other information with the Securities and
Exchange Commission (SEC) in the United States pursuant to the rules and regulations that apply to foreign private issuers. Electronic access to these documents may be obtained from the SEC&#146;s website www.sec.gov/edgar/searchedgar/webusers.htm
where they are stored in the EDGAR database. You may read and copy any of these reports at the SEC&#146;s Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549, or obtain them by mail upon payment of SEC&#146;s prescribed rates. For
further information, you can call the SEC at &#043;1 800 732 0330. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>HISTORY AND DEVELOPMENT </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our origins date back to 1876 when Lars Magnus Ericsson opened a small workshop in Stockholm to repair telegraph instruments. That same year in the United
States, Alexander Graham Bell filed a patent application for the telephone. Lars Magnus Ericsson soon recognized the great potential of voice-based telecommunications and realized that the technology could be improved. He started to develop and sell
his own telephone equipment and within a few years reached an agreement to supply telephones and switchboards to Sweden&#146;s first telecom operator. Stockholm soon had the highest telephone density in the world. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Today, Ericsson is a leading provider of telecommunications equipment and related services to operators of mobile and fixed networks worldwide. Over
1,000 networks in more than 175 countries utilize our network equipment and we are one of the few companies worldwide that can offer end-to-end solutions for all major mobile communication standards. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We invest heavily in R&amp;D and actively promote standardization and open systems. As a result, we have a long history of innovation and pioneering of
future technologies for more efficient and higher quality telecommunications. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Also reflecting our ongoing commitment to technology
leadership, we have one of the industry&#146;s most comprehensive intellectual property portfolios containing approximately 22,000 patents. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">134 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Technical milestones </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="94%"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>1878</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Telegraph to telephone</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>1923</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Manual switching to automatic switching</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>1956</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">First mobile phone system</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>1968</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Electro-mechanical to computer control</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>1978</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Analog switching to digital switching</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>1981</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fixed communications to mobile communications</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>1991</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">1G analog to 2G digital mobile technology</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>1998</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Integration of voice and data in mobile networks</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>1999</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Narrowband circuit to broadband packet switching</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>1999</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Introduction of fixed telephony softswitch</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2001</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2G narrowband to 3G wideband mobile technology</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2003</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Introduction of mobile softswitch</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2004</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Mass commercial launch of WCDMA (3G) networks in Western Europe</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Commercial launch of HSDPA mobile broadband networks in North America</FONT></P></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Global commercial launches of HSPA mobile broadband networks</FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Our vision&#151;how we see the world </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our vision is to be the Prime Driver in an all-communicating world </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Core values&#151;how we act </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Professionalism, Respect and Perseverance are the cornerstones of the Ericsson culture, guiding
us in our daily work, both in how we relate to people and how we conduct our business. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Results&#151;how we measure our performance </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We measure three fundamental metrics: customer satisfaction, employee satisfaction and financial returns for our owners. We believe that highly satisfied
customers, empowered employees and best-in-class operating margins help to assure a competitive advantage and an enduring capability for value creation. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>BUSINESS STRATEGY AND LONG-TERM GOALS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our ultimate goal is for the Company to generate growth and a competitive profit that
is sustainable over the longer term. Ericsson&#146;s strategy is to be the preferred business partner to our customers, especially to the world&#146;s leading network operators. In doing so, we strive to be the market and technology leader by
offering superior end-to-end solutions mainly related to network infrastructure, network management and other service offerings. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We are a
major supplier to most of the world&#146;s leading mobile network operators and many of the world&#146;s leading fixed-line operators. We believe that our ability to offer end-to-end solutions &#150; systems, applications, services and core handset
technology-together with our in-depth knowledge of consumer requirements, make us well positioned to assist network operators with their network development and operations. We are already a market leader in network systems integration and managed
services. Through increased activities in professional services, service layer products and multimedia, we aim for increased sales in these growing segments. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Our strategy is to: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">excel in network infrastructure; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">expand in service; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">establish a position in multimedia solutions </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">in
order to make people&#146;s lives easier and richer, provide affordable communication for all and enable new ways for companies to do business. This is performed with operational excellence in everything we do as a base. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">135 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Innovation is an important element of our corporate culture and is key to our competitiveness and future success. We have a
long tradition of developing innovative communication technologies, including technologies that form the base for industry standards. For example, we helped pioneer the development of industry-wide mobile technologies such as GSM, GPRS, EDGE, CDMA,
WCDMA, HSPA, and Bluetooth. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We work closely with our customers to understand their businesses and technology needs and provide tailored
solutions to help them fulfill their business objectives. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We will continue to devote significant resources to develop end-to-end
communications solutions that will stimulate network deployments for geographic coverage as well as traffic capacity and thereby drive demand for our products and services. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our expertise and experience in all major telecommunication standards along with our proven track record for quality and innovation have allowed us to
develop our business on a worldwide basis. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We believe that our widespread geographical presence and the economies of scale associated with
market share leadership give us competitive advantages. Global presence is an important factor, particularly when working as a business partner to operators working in multiple markets or globally. We are utilizing our strong international reach and
core competence in mobile and fixed communications to expand into growth areas such as systems integration, service applications and managed services, as well as to develop alliances with suppliers and manufacturers in many countries in order to
increase our combined effectiveness. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We will continue to improve our internal processes and support systems to drive operational
excellence as a competitive advantage. In addition, we will continue to develop and maintain high levels of competence in our employees to secure our leading market position and to stay at the forefront of technological development. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g48k25.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">136 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ORGANIZATION </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Governance
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A significant amount of authority and responsibility is assigned to the management of our various operating units for tasks pertaining
to daily operations. Governance of our operating units is carried out through steering boards whose members are representatives of the Group Management Team, the Extended Management Team and the management of the particular operating unit.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For more information regarding our corporate governance, please see the Corporate Governance Report or visit our web site
www.ericsson.com/ericsson/corpinfo/corp_governance/ index.shtml. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Information on our web site does not form part of this document.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Group Functions </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A number of Group
Functions perform tasks pertaining to certain group-wide matters that are not naturally referable to a specific operational unit: Communications, Finance, Human Resources and Organization, Legal Affairs, Operational Excellence, Research&nbsp;&amp;
Development, Sales&nbsp;&amp; Marketing and Strategy&nbsp;&amp; Product Management. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Their responsibilities include the formulation of the
Group&#146;s strategy, issuing of policies and directives, business control and resource allocation. In addition, Group Functions are responsible for the consolidation and reporting of financial performance, financing and cash management, legal
issues, communication with various stakeholders including employees, investors, press and media as well as coordination and administration of a number of group-wide issues. Other important group-wide matters, such as Corporate Responsibility, are
managed by Group Functions in conjunction with a network of experts from various parts of the Company. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>BUSINESS SEGMENTS </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We supply the network equipment and services that enable telecommunications. We offer end-to-end solutions for all major mobile communication standards.
We also provide our customers with services for network system integration, managed services and other professional services. Through our Sony Ericsson Mobile Communications joint venture we offer a range of mobile handsets and other mobile devices,
including those supporting multimedia applications and other personal communication services. In addition, the Company has products for special applications within mobile platforms, enterprise systems, cables and power modules. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Primary Segments </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson is a telecommunications
company developing and selling a variety of products aimed largely at customers in the telecommunications industry. When determining our operating segments, we have looked at which market and to what type of customers our products and services are
aimed, and through what distribution channels they are sold as well as to commonality regarding technology, research and development. To best reflect our business focus and to facilitate comparability with our peers, we consolidate the results of
our operations into three business segments: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Systems, consisting of a three-pronged business approach: Mobile Networks, Fixed Networks and Professional Services; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Phones, carried out through the 50/50 joint venture with SONY Corporation; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Other Operations, which comprise a number of smaller businesses, including Mobile Platforms, Enterprise Systems, Cables, Power Modules and the Defense business
(Divested to Saab AB September&nbsp;1, 2006). </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">137 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Secondary segments </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We
group sales into five geographical segments as shown below: </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>2006 SALES BY REGION AND SEGMENT </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Sek billion</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Systems</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Other<BR>Operations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Western Europe</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">45.4</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>51.9</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">CEMA </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">48.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.6</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>50.3</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Asia Pacific</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">42.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>43.2</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">North America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15.3</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.6</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>15.9</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Latin America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>16.5</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>167.6</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>10.2</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>177.8</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">percent share</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">94</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>100</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Central and Eastern Europe, Middle East and Africa. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Note: due to
rounding, all rows and columns may not add up exactly to the totals. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Please also see &#147;Notes to the Consolidated Financial
Statements&#151;Note C3, Segment Information.&#148; </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Seasonality </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Our quarterly sales, income and cash flows from operations are seasonal in nature and generally lower in the first and third quarters of the year and highest in the fourth quarter. This is mainly a result of the
seasonal purchase patterns of network operators. Although demonstrating a strong seasonal pattern historically, our seasonal sales variances have not conformed to the longer-term pattern during the market downturn starting in 2001 and subsequent
recovery during 2004. The table below illustrates the long-term average seasonal effect on sales for the period 1992 through 2006. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>15-YEAR AVERAGE
SEASONALITY </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>First<BR>quarter</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Second<BR>quarter</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Third<BR>quarter</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Fourth<BR>quarter</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sequential Change</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-27</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-4</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">36</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Share of annual sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">31</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Compared to the 15-year historical pattern, the seasonality over the last three years has
generally been less pronounced with a more equal distribution of sales between quarters. The table below illustrates the average seasonal effect on sales for the years 2004, 2005 and 2006. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>MOST RECENT 3-YEAR AVERAGE SEASONALITY </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>First<BR>quarter</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Second<BR>quarter</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Third<BR>quarter</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Fourth<BR>quarter</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sequential Change</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-19</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">-5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">27</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Share of annual sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">25</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">138 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Segment Systems </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><I>Mobile Networks
</I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We provide mobile systems solutions to network operators that enable reliable, efficient and cost effective mobile networks. Our
systems offerings include radio base stations, base station and radio network controllers, mobile switching centers and application nodes. We are the market leader with approximately 35 percent global share of the addressable GSM/WCDMA track within
the global mobile systems market, i.e. open non-proprietary standards. Our claim of market leadership in mobile systems is based on our reported sales and how they relate to the publicly reported and estimated mobile system sales of our main
competitors. Statements from industry and financial analysts also support our estimates. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Each generation of mobile technology is
associated with a group of international standards for mobile communications networks. Transitioning from one technology generation to the next, such as from 2G to 3G, requires network operators, equipment suppliers and mobile handset manufacturers
to adopt new and emerging technology standards. We believe that the migration from voice services and basic mobile multimedia services to mobile broadband is the primary technological shift facing mobile network operators today. Our end-to-end
solutions offer operators a smooth network migration to 3G. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our expertise in all 2G standards and our role in developing 3G standards
allow us to offer mobile telecommunications systems that incorporate any of the major 2G (GSM, TDMA, CDMA), 2.5G (GPRS) and 3G (EDGE, WCDMA, HSPA, CDMA2000, TD-SCDMA) mobile technology standards. As a result, we are able to offer tailored solutions
to a network operator, regardless of the existing network standard used. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We offer a complete portfolio of radio base stations ranging from
small pico cells (i.e. small cells in a mobile network that boost capacity and coverage within buildings) to high-capacity macro cell applications. Radio base stations provide access and interconnection between mobile handsets and the mobile
network. A central feature of our 2G GSM radio base stations and base station controllers is their ability to be upgraded on a cost-effective basis to enable 2.5G/GPRS and 3G/EDGE transmissions. Similarly, our WCDMA base stations can be upgraded to
HSPA. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Other important elements of radio access networks are the controllers for radio base stations and radio access network, which manage
the traffic between the radio base stations and core network. In 2G, base station controllers in conjunction with mobile switching centers, effect call handovers between radio base stations as subscribers move between cell sites while engaged in a
voice call or data transmission. Similarly, in 3G networks, a radio network controller effects call handover in conjunction with mobility server nodes within the service layer. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The core network nodes interconnect radio access networks with other parts of the network. Many of our core network switching systems, controllers for
base stations and radio networks are built upon common platforms. Like our radio base station products, our mobile switching products have industry-leading scalability and capacity. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Mobile network equipment and associated network rollout services account for 74 percent of our Systems sales. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><I>Fixed Networks </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We are a supplier of broadband
communications equipment and services mainly to fixed network operators in Latin America and Europe. We have a long history in fixed-line networking with an installed base of access and transit lines equivalent to 180&nbsp;million lines or
approximately 10 percent global market share of the installed </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">139 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">base. By successfully addressing three key operator needs: modernization and expansion of the fixed telephony networks; introduction of IP-based revenue
generating services; and cost-efficient rollout of high capacity broadband networks with service differentiation, we have been able to secure strong market positions in voice over packet, soft switching and public Ethernet access. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Fixed network operators are moving from single-service networks toward broadband packet-switched multi-service networks that have the ability to
simultaneously handle multiple services, such as voice, data and images. Migration to an all-IP-based packet-switched network is a necessary step in order to combine broadband Internet, voice and image traffic into one broadband network. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our solution for such multi-service networks utilizes a layered softswitch service and control architecture, combined with broadband access and core
network routing and transmission elements. Organizing a network into layers isolates the different functions, i.e., access, core network and services, and facilitates easier migration to an all-IP environment. Due to our leadership in
next-generation mobile networks, we are able to leverage our IP-based multimedia subsystem (IMS) developed for 3G mobile networks also for next-generation fixed network applications. IMS is an open service layer platform that hosts IP based services
such as Voice over IP (VoIP), &#147;push-to-talk&#148; etc. Since our IMS solution is common for both fixed and mobile networks, converged services can be transparently provided independent of the type of access. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Fixed network equipment and associated network rollout services account for 7 percent of our Systems sales. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><I>Professional Services </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our professional
services portfolio includes expertise in consulting, education, systems integration, managed services and customer support services. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Network operators are reducing operating expenses by optimizing the operation and maintenance of their networks. As a result, many network operators are increasingly outsourcing for example network design, operations and maintenance
activities. When outsourcing, operators gain flexibility in capital employed, resources and time to market-all with an assured quality of service. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">We offer some of the most comprehensive managed services capabilities within the telecom industry. Our offerings cover management of all aspects of day-to-day operations of a customer&#146;s network as well as hosting of applications and
content management. Ericsson&#146;s Internet Payment eXchange (IPX) service, which is the global payment and messaging delivery solution for SMS, MMS, Web and WAP that facilitates payment and distribution of content by interconnecting content
providers, media companies, governments and consumer brands with operators. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The combination of our local expertise, global technology
leadership, business understanding, strong delivery capabilities and extensive experience in managing multi-vendor networks makes Ericsson a leading provider of services to network operators. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Professional services account for 19 percent of our Systems sales. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Customers </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We are supplying equipment, integrated solutions and services to almost all major network operators globally. We
derive most of our sales from large, multi-year network build-out agreements with a limited number of significant customers. Out of a customer base of more than 425 network operators, the ten largest customers account for 44 percent of our net
sales, while the 20 largest customers account for 63 percent of our net sales. Our largest customer accounted for less than 7 percent of sales during 2006. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">For more information, see &#147;Risk Factors&#151;Risks Associated with the Industry and Market Conditions&#148;. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">140 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Competitors </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In Systems,
we compete mainly with large and well-established communication equipment suppliers. Although competition varies depending on the products, services and geographical regions, our most significant competitors in mobile communication include
Alcatel/Lucent, Nortel, Huawei, and Nokia/Siemens. With respect to fixed communications equipment, the competition is also highly concentrated and includes, among others, Alcatel/Lucent, Cisco, Huawei, Nokia/Siemens and Nortel. We also compete with
numerous local and regional manufacturers and providers of communication equipment and services. We believe the most important competitive factors in this industry include existing customer relationships, the ability to cost-effectively upgrade or
migrate an installed base, technological innovation, product design, compatibility of products with industry standards, and the capability for end-to-end systems integration. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Competition in professional services not only includes many of our traditional systems competitors but also a number of large companies from other
industry sectors, such as IS/IT, for example IBM, EDS, Accenture and electronics manufacturing services companies as well as a large number of smaller but specialized companies operating on a local or regional basis. As this segment grows, we expect
to see additional competitors emerge, possibly including some network operators attempting to expand into new segments. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For more
information, see &#147;Risk Factors&#151;Risks Associated with the Industry and Market Conditions&#148;. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Organization within Systems </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our organization in Systems is built around a structure of business units responsible for the development and delivery of products and services to market
units that are responsible for local sales and customer support. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Business units </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B><I>Access </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our Access business unit&#146;s main role is to continuously strengthen our world
leadership in 2G&nbsp;&amp; 3G radio access networks by offering innovative and cost-effective products and solutions that provide best-in-class performance. Business unit Access&#146; responsibility covers a wide spectrum of activities, from
product development to production and supply. Business unit Access has manufacturing in Brazil, China, India and Sweden. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><I>Systems </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Business unit Systems is a leading supplier of end-to-end telecom grade network systems and multimedia services. The system offerings include tailored
mobile core and fixed network solutions and service layer products. As a key player in the evolution to all-IP networks, we are a leader in the convergence of fixed and mobile networks and services. Business unit Systems has manufacturing in Brazil,
China, India and Sweden. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><I>Broadband Networks </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The Broadband Networks business unit offers one of the world&#146;s most widely deployed microwave radio systems (MINI-LINK) together with metro optical networks in customized and managed transport solutions. The
products are essential elements of Ericsson&#146;s end-to-end solutions but are also often chosen by operators utilizing other vendors&#146; network equipment. The broadband networks business unit has one of the largest microwave production plants
in the world in Sweden, as well as manufacturing in Italy and Norway. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">141 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><I>Global Services </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">We enable operators to strengthen their competitiveness by offering a complete range of consulting, education, systems integration, managed services and customer support services as well as network rollout services that address a major part
of their network operations. The business unit is represented in 140 countries with 24,000 employees mainly based within the local market units. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Market
units </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We use our own sales organization to market and sell our systems and services to customers in over 175&nbsp;countries via a
worldwide sales and support network consisting of 24 market units. Each market unit represents either a single country or a group of countries, depending on the extent of our business activities in that region. We have significant sales in all of
the largest geographic markets for telecommunications, with no individual country accounting for more than 8 percent of sales. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We strongly
believe that affordable and generally available telecommunication services are a prerequisite for social and economic development which improves the welfare of all people in any given country. As one of the world&#146;s largest providers of
communications equipment and services, Ericsson has implemented a strict trade compliance program throughout the group in order to comply with foreign and domestic laws and regulations, trade embargos and sanctions in force. In no way should our
business activities be construed as supporting a particular political agenda or regime. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The majority of our market units operate through
local subsidiaries that are present in each country. We use our local presence to help our customers achieve greater efficiencies and gain access to recognized world-class support resources wherever they operate. The market units utilize the product
expertise of the central business units within the Systems segment in tailoring and integrating our products for delivery to customers. The market units are also responsible for after-sales support and rely in particular on the Global Services
business unit in fulfilling this function. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our customers have different needs in interacting with Ericsson as a supplier, ranging from
support in identifying and capturing business opportunities to &#147;do-it-yourself&#148; fulfillment. We use three different sales approaches that acknowledge these different needs; Project Sales (interactive relationship selling with high
involvement of the customer to identify and capture business opportunities, where the solution is not known at the point of sales), System Sales (interactive relationship selling of solutions configured for specific customer needs) and Product Sales
(the outcome of relationship sales and frame agreements where customers may call-off well-defined products and services electronically). System Sales has historically been our most common sales approach to best meet our customers&#146; needs,
however, as their needs evolve, the two other sales approaches will grow in importance. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Research&nbsp;&amp; development </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A robust R&amp;D program is key to our competitiveness and future success. We spent over 15 percent of sales on R&amp;D and other technical expenses
during 2006. The vast majority of our R&amp;D is invested in product development of which the majority in mobile communications network infrastructure. We have continued to invest in strategically important areas of broadband access, converged
networks, service layer and multimedia. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our R&amp;D organization develops world-class products and performs world-leading research. About
17,100 (16,500)&nbsp;employees in 17 (17)&nbsp;countries worldwide are working in R&amp;D in an organization consisting of development units, Ericsson research, standardization and IPR&nbsp;&amp; licensing. The development units drive R&amp;D
operational excellence to increase efficiency and decrease leadtime. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">142 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson Research conducts applied research in various strategic areas to provide Ericsson with system concepts, technology,
and methodology to help secure our long-term, strategic position. World-class innovations are achieved through cooperation within Ericsson and with a variety of partners including customers, universities and research institutes. Standardization
bodies establish the standards that lead the industry, and Ericsson is a leading player in all major standardization organizations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For
more information regarding product and technology development, please see &#147;Risk Factors&#151;Strategic and Operational Risks&#148; and &#147;Board of Directors&#146; Report&#151;Research and Development&#148;. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Intellectual property rights and licensing </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Through
many years of involvement in the development of new technologies, we have built up a considerable portfolio of intellectual property rights (IPR) relating to telecommunications technologies. As of December&nbsp;31, 2006, we held approximately 22,000
(20,000)&nbsp;patents worldwide, including a substantial number of patents essential to the 2G/2.5G standards of GSM, GPRS and CDMA, as well as numerous patents essential to 3G standards, such as EDGE, WCDMA, HSPA, MBMS, TD-SCDMA, CDMA2000 and Next
Generation OFDM/LTE. We also hold important patents for many other areas, e.g. WiMAX, Voice over IP (VoIP), ATM, WAP, WLAN, mobile platforms and Bluetooth. With the acquisition of Marconi, our optical backbone network and transport technology
portfolios were strengthened. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our intellectual property rights are valuable business assets. We license these rights to many other
companies including equipment suppliers, handset manufacturers and mobile applications developers, in return for royalty payments and/or access to additional intellectual property rights. In addition, we acquire rights via licenses to utilize
intellectual property rights of third parties. We believe that we have access to all related patents that are material to our business in part or in whole. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">For more information, see &#147;Risk Factors&#151;Strategic and Operational Risks&#148;. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Segment Phones </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Sony Ericsson Mobile Communications AB (Sony Ericsson) delivers innovative and feature-rich mobile phones, accessories and PC-cards, which allow us to
provide end-to-end solutions to our customers. The 50/50 joint venture, formed in October 2001, combines the mobile communications expertise of Ericsson with the consumer electronic devices and content expertise of SONY Corporation and forms an
essential part of our end-to-end capability for mobile multimedia services. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Sony Ericsson is responsible for product design and
development, as well as marketing, sales, distribution and customer services. About one-third of Sony Ericsson&#146;s handsets are produced in their factory in China. The remaining two-thirds of production is more or less equally split between
contract manufacturers (EMS) and other device manufacturers (ODM) at locations in several countries in Asia, Latin America and Europe. Sony Ericsson&#146;s global management is based in London and R&amp;D centers are located in China, Japan, Sweden,
the UK and the US. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Within the segment Phones, the primary competitors include Nokia, Motorola, Samsung and a number of other companies
such as LG Electronics, NEC and Sharp. We believe that our mobile phone joint venture with Japan&#146;s SONY Corporation creates a distinctive competitive advantage. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Sales for Sony Ericsson are not included in our reported sales, as their operating results are reported according to the equity method under &#147;Share in earnings of joint ventures and associated companies&#148; in
the income statement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">143 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Segment Other Operations </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><I>Units
within the segment Other Operations </I></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">This segment principally consists of a number of operations deemed too small to be reported as
separate segments. Other Operations include Mobile Platforms, Enterprise, Network Technologies (cables), Power Modules and Microwave Systems (Defense) (divested to Saab AB as per September&nbsp;1, 2006). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Businesses in our Other Operations segment market their products and services through their own specialized direct and indirect sales channels. On
occasion, these specialized sales and marketing teams work with our market units in Systems in certain markets or when dealing with large customers with whom we have a relationship. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In our Other Operations segment, our competitors vary widely depending on the product or service being offered. We face significant competition with
regard to substantially all of these products and services. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Sales of these units are consolidated within Other Operations and in total
amount to 6 percent of total net sales, with no single unit representing more than 2 percent. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><I>Ericsson Microwave Systems </I></B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The defense business of Microwave Systems was divested to Saab AB on September&nbsp;1, 2006. The remaining activities, National security and Public safety
solutions, were transferred to segment Systems. Up until September&nbsp;1, 2006, Microwave Systems provided national security and public safety solutions to defense, government and security agencies in Sweden and to more than 20 countries around the
world. The unit supplied advanced airborne, terrestrial and marine radar systems, which were integrated into command, control and communication functionality. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B><I>Ericsson Enterprise </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Enterprise provides communications systems and services that enable businesses, public entities
and educational institutions to have seamless access to applications and services across multiple locations. We address a wide variety of enterprise needs through segmented offerings for both small and large enterprises. We focus on providing
solutions for Voice over IP (VoIP)-based private branch exchanges (PBX), Wireless Local Area Networks (WLAN), and Mobile Intranet solutions. With Mobile Enterprise, users on the move are able to access a range of business-critical communications and
information applications from a variety of devices over private or public, fixed or mobile networks. Ericsson Enterprise operates mainly from Sweden, but has a global presence through the market units and other partners/distributors. Manufacturing
is outsourced. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><I>Ericsson Cables </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Our cables unit provides a full range of cable related solutions for telecom and power networks. Ericsson is a leading player in the passive fiber access network field and our expertise includes integration of copper, fiber optic and mobile
technologies. About a third of the sales from our Cables group is attributable to inter-segment sales. Manufacturing is carried out in China, India, Malaysia and Sweden. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B><I>Ericsson Mobile Platforms </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson Mobile Platforms is a leading platform technology supplier
for GSM/EDGE and WCDMA/HSPA platforms used in devices such as mobile handsets and PC cards. Through Ericsson Mobile Platforms, Ericsson </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">144 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">was one of the first companies in the world to license open-standard end-to-end interoperability tested GSM/EDGE and WCDMA technology platforms. The product
offerings are based on our comprehensive intellectual property portfolio and include: reference designs, platform software, ASIC (application specific integrated circuit) designs and development boards, development and test tools, training, support
and documentation. By licensing our technology and platforms, mobile phone manufacturers can launch new products faster, with limited R&amp;D investments and lower technology risks, allowing them to focus on product differentiation in areas such as
applications, industrial design, manufacturing, distribution and branding &#150; getting advanced and attractive products with short time to market. Ericsson Mobile Platforms has operations at nine global locations with main operations in Sweden.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><I>Ericsson Power Modules </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Ericsson Power Modules is a leading supplier of miniaturized and high density direct current DC/DC converters and DC/DC regulators, mainly to the communications industry, for advanced applications such as multiplexors, switches, routers and
radio base stations. In addition, the levels of technology, ruggedness and reliability of these products mean that they often provide excellent solutions for other demanding applications in medical, avionics, computing, military, space, and
industrial market sectors. Manufacturing is centralized to China. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Changes in organization and management </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Organizational changes made during 2006: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">As per January 2006, Pakistan was moved from the Market Area Asia Pacific to the Market Area Central&nbsp;&amp; Eastern Europe, Middle East and Africa (CEMA).
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">As per January 2006, three development units, IP Networks, Core Network Evolution and Service Layer Development, were transferred to business unit Systems and
business unit Access to bring development closer to the business, improving time to market and ensuring that Ericsson&#146;s products and solutions meet user needs. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">As per January 2006, certain assets and staff of Marconi were acquired and integrated within business unit Transmission and Transport Networks, business unit Global
Services and business unit Systems. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">As per January 2006, business unit Transmission and Transport Networks was renamed to business unit Broadband Networks. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Organizational changes made during 2006 with effect 2007: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">A new organization is effective as from January&nbsp;1, 2007 consisting of Networks, Global Services and Multimedia. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Business unit Networks includes mobile and fixed access, core and transmission networks, as well as next-generation IP-networks. The former business units Systems,
Access and Broadband Networks are integrated into the new unit, as well as Ericsson Power Modules and Ericsson Cables. The unit is headed by Kurt Jofs, Executive Vice President and previously head of business unit Access. The new unit has
approximately 21,500 employees. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Business unit Global Services is intact with approximately 24,000 employees. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Business unit Multimedia provides solutions for charging solutions, mobile TV, radio, video, music, gaming, and print over fixed and mobile networks and other new
multimedia applications. The business unit includes Multimedia systems, previously reported under segment Systems and business units Ericsson Mobile Platforms and Enterprise, previously reported under segment Other </FONT>
</P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">145 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="11%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:0%">
<FONT FACE="Times New Roman" SIZE="2">Operations as well as Ericsson Consumer and Enterprise Lab. The unit is headed by Jan W&auml;reby, Senior Vice President and head of business unit
Multimedia. The new unit has approximately 4,000 employees. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">As from January&nbsp;1, 2007 Group function Strategy and Product Management is split and moved to Group Function Operational Excellence and business unit Networks.
Strategy is moved to Group Function Operational Excellence and renamed Group Function Strategy and Operational Excellence. The unit is headed by Joakim Westh head of Group Function Operational Excellence. Product management is moved to business unit
Networks. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">As per January&nbsp;24, 2007 Ericsson completed the cash tender offer for US-based Redback Networks. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Changes in the Group Management Team made 2006: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">As per January 2006, Sivert Bergman, head of business unit Broadband Networks, was appointed integration manager for the Marconi acquisition and included in the
Group Management Team. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Changes in the Group Management Team made 2006 with effect 2007: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">As per January 2007, Kurt Jofs, Executive Vice President and Head of business unit Access is appointed head of the new business unit Networks.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">As per January 2007, Jan W&auml;reby, is appointed Senior Vice President and head of business unit Multimedia and included in the Group Management Team.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">As per January 2007, Joakim Westh, head of Group Function Operational Excellence, also assumes responsibility for Strategy management. </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">As per January 2007, Sivert Bergman, head of business unit Broadband Networks, leaves the Group Management Team as Marconi now is fully integrated.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">As per January 2007, Torbjorn Nilsson, head of Group Function Strategy and Product management leaves the Group Management Team. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For more information about management, please see &#147;Notes to the Consolidated Financial Statements&#151;Note C29, Information Regarding Employees,
Members of the Board of Directors and Management&#148;. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>HUMAN RESOURCES </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We believe that every employee should be treated with respect and dignity. We value the rich diversity and creative potential of people with differing
backgrounds and abilities. A culture of equal opportunities in which personal success depends on personal merit and performance is encouraged throughout our operations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">We have three core values: Professionalism, Respect and Perseverance. These values form the foundation of how we operate our business. Our core values define how we treat each other, our customers and our business
partners and therefore they define our culture. Characteristics of our culture are exhibited by a passion to win; employee diversity, honesty, trust and support for each other; integrity and high ethical standards; and leadership by example at all
levels. We believe the best way to further develop our business is to remain accountable to ourselves and to our customers. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">146 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Every year we conduct an employee satisfaction survey to assess our Human Capital Index and employee Empowerment Index.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We maintain an open management style that involves our employees in both daily decisions that affect them as well as longer-term matters.
We are fully committed to keeping all employees informed about the implications of major business changes and other relevant matters. Key business priorities are communicated throughout the organization and form part of the basis for employee
compensation and incentive plans. Details of these plans appear in Notes to the Consolidated Financial Statements&#151;Note C29, &#147;Information Regarding Employees, Members of the Board of Directors and Management&#148;. We also have constructive
relationships with a variety of trade unions, including formal recognition and active dialogue where appropriate. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>PRIMARY MANUFACTURING AND ASSEMBLY
FACILITIES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2003</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Sites</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Sq&nbsp;Meters</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Sites</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Sq&nbsp;Meters</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Sites</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Sq&nbsp;Meters</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Sites</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Sq&nbsp;Meters</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sweden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>231,500</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">256,615</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">277,415</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">310,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">China</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>20,860</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,200</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,200</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,500</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Italy</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>20,100</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Brazil</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>18,400</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,840</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,840</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22,100</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Germany</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>13,900</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">India</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5,364</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,364</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8,100</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>18</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>317,560</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>14</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>293,019</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>14</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>308,455</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>14</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>341,600</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">During 2006, manufacturing and assembly facilities
related to Marconi added an aggregate of 39,000 square meters in Italy, Germany and USA. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">During 2006, our Defense unit was divested and related leased
facility was transferred. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>SUPPLY </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Manufacturing and
assembly </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Systems&#146; manufacturing consists of two basic production activities, module and node. However, we outsource about half of
our systems module production to several electronics manufacturing service (EMS) companies. Most of our node production is done in-house. We have 18 significant manufacturing and assembly locations worldwide with a total of approximately 320,000
square meters of floor space. We lease all of these facilities except one in China and one in Brazil as well as some former Marconi facilities in Germany, Italy and the US. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Systems segment consumes more than two-thirds of the total floor space, with Cables and Power modules consuming most of the rest. In Sweden, the
majority of the floor space within our production facilities is used for module production with the balance mostly used for node assembly and testing. Including the EMS production, approximately 35-40 (35-40)&nbsp;percent of Systems&#146; module
production and 75-80 (75-80)&nbsp;percent of Systems&#146; node production is performed in Sweden. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We intend to continue to outsource
module production where adequate manufacturing capacity and expertise are available on favorable terms. Such outsourcing of the major part of module manufacturing provides us greater flexibility to adapt to economic and market changes. However, the
timing and level of out-sourcing is a balance between short-term demand and longer-term flexibility. Therefore, we generally plan to use our own production capabilities to absorb temporary changes in volumes. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">147 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We manage our own production capacity on a global basis by allocating production to sites where capacity is available and
costs are competitive. At year-end 2006, excluding Marconi operations, our overall utilization was close to 100 percent as we continuously adjust our production capacity to meet expected demand. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The table &#147;Primary Manufacturing and assembly facilities&#148; above summarizes our major manufacturing and assembly facilities as well as the total
square meters of floor space at year-end. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Suppliers </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Most of our node production, i.e., assembly, integration and testing of modular subsystems into complete system nodes such as radio base stations, mobile switching centers etc., is done in-house. About half of our
module production, i.e., production of subsystems such as circuit boards, radio frequency (RF) modules, antennas etc., is outsourced to a group of electronics manufacturing services companies including Celestica, Elcoteq, Flextronics, Jabil and
Solectron, of which the vast majority is in low-cost countries. We also purchase customized and standardized equipment, components and services from several global providers as well as from numerous local and regional suppliers. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A number of our suppliers design and manufacture highly specialized and customized components for our end-to-end solutions as well as individual nodes.
We generally attempt to negotiate global supply agreements with our primary suppliers. While we are not dependent on any one supplier for the provision of standardized equipment or components and seek to avoid single source supply situations, a need
to switch to an alternative supplier may require us to allocate additional resources to ensure that our technical standards and other requirements are met. This process could take some time to complete. Accordingly, a need to switch to an
alternative supplier could potentially have an adverse effect on our operations in the short term. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For more information, see &#147;Risk
Factors&#151;Strategic and Operational Risks&#148;. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Sources and availability of materials </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We purchase raw materials, electronic components, ready-made products and services from a significant number of domestic and foreign suppliers. Variations
in market prices for copper, aluminum, steel, precious metals, plastics and other raw materials have a limited effect on our total cost of goods sold. Our purchases mainly consist of electronic components as well as ready-made products and services.
To a limited extent, we are involved in the production of certain components such as power modules and cables, which are used in our systems products as well as sold externally to other equipment manufacturers. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Based on our most recent sourcing agreements, the increase in oil and metal prices during 2006 had only a limited negative effect on our costs and did
not affect the availability of the electronic components or ready-made products and services that we require. To the extent possible, we rely on alternative supply sources for the purchased elements of our products to avoid sole source situations
and to secure sufficient supply at competitive prices. Assuming there will only be a moderate increase in market demand, we do not foresee any supply constraints to meet our expected production requirements during 2007. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">148 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>
<A NAME="rom36434_11"></A>FORWARD-LOOKING STATEMENTS </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">This Annual Report includes &#147;forward-looking statements&#148; about future
market conditions, operations and results. Expressions such as &#147;believe&#148;, &#147;expect&#148;, &#147;anticipate&#148;, &#147;intend&#148;, &#147;may&#148;, &#147;could&#148;, &#147;plan&#148; and similar words are intended to help identify
forward-looking statements. Forward-looking statements may be found throughout this document, but in particular in the sections captioned &#147;Operational Review&#148;, &#147;Board of Directors&#146; Report&#148; and &#147;Information on the
Company&#148; and include statements regarding: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">our goals, strategies and performance expectations; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">the markets we currently or soon intend to address; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">our liquidity, capital resources, capital expenditures and our credit ratings; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">the expected demand for our existing as well as new products and services; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">our joint venture and strategic cooperation activities; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">technology and industry trends including competition and our customer structure; and </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">our plans for new products and services including research and development expenditures. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Although we believe that the expectations reflected in such statements are reasonable, we cannot assure you that these expectations will materialize.
Because forward-looking statements are based on assumptions and estimates, and are subject to risks and uncertainties, actual results could differ materially from those described or implied herein. Important factors that could affect whether and to
what extent any of our forward-looking statements materialize include, but are not limited to: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">our ability to respond to changes in the telecommunications market and general market conditions in a cost effective and timely manner;
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">developments in political, economic and regulatory fields in the markets in which we operate, including allegations of health risks from electromagnetic fields and
cost of radio licenses for our customers; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">effectiveness of our strategies and their execution including partnerships, acquisitions and divestitures; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">financial risks, including foreign exchange rate changes, interest rate changes, changes in tax liabilities, credit risks in relation to counterparties, customer
defaults under significant customer financing arrangements and risks of confiscation of assets in foreign countries; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">reduction in the number of customers due to e.g. mergers, and the negative business consequences of a loss of, or significant decline in, our business with a major
customer; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">impact of changes in product demand, price erosion, competition from existing or new competitors or new technology and the risk that our products and services may
not sell at the rates or levels we anticipate; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">our ability to develop commercially viable products, systems and services, to acquire licenses of necessary technology, to protect our intellectual property rights
through patents and trademarks and to defend them against infringement, and results of patent litigation; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">supply constraints, including component or production capacity shortages, suppliers&#146; abilities to cost effectively deliver quality products on time and in
sufficient volumes, and risks related to concentration of proprietary or outsourced production in a single facility or sole source situations with a single vendor; and </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">our ability to recruit and retain qualified management and other key employees. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Certain of these risks and uncertainties are described further in &#147;Risk Factors.&#148; We undertake no obligation to publicly update or revise any
forward-looking statements included in this Annual Report, whether as a result of new information, future events or otherwise, except as required by applicable law or stock exchange regulation. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">149 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>
<A NAME="rom36434_12"></A>SHARE INFORMATION </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>STOCK EXCHANGE TRADING </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson&#146;s Class&nbsp;A and Class B shares are traded on the Stock-holm Stock Exchange (Stockholmsb&ouml;rsen) and the Class B shares are also traded
on the London Stock Exchange. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In the United States, the Class B shares are traded on NAS-DAQ in the form of American Depositary
Shares&nbsp;(ADS) evidenced by American Depositary Receipts (ADR) under the symbol ERIC. Each ADS represents 10&nbsp;Class B shares. On August&nbsp;24, 2006, the Ericsson stock ticker on NASDAQ was changed from ERICY to ERIC. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Approximately 40 (43)&nbsp;billion shares were traded in 2006, of which about 88 (73)&nbsp;percent on the Stockholm Stock Exchange, about 12
(16)&nbsp;percent on NASDAQ, and less than 1 (1)&nbsp;percent on the London Stock Exchange. Trading volume in Ericsson shares increased by approximately 14 percent on the Stockholm Stock Exchange and decreased by approximately 27 percent on NAS-DAQ
as compared to 2005. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>SHARE PRICE TREND </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">In 2006, Ericsson&#146;s total market value increased by about 1 percent to approximately SEK 446 billion (SEK&nbsp;441 billion in 2005). The OMX SP Index on the Stockholm Stock Exchange increased by 24 percent, the NASDAQ telecom index
increased by approximately 21 percent and the NASDAQ composite index increased by approximately 7 percent in 2006. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>SHARE DATA</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2003</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2002</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Earnings per share, diluted (SEK) </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.65</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.53</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-0.69</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1.51</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">P/E ratio, Class B shares </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman"
SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>17</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Dividend (SEK)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.50</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.45</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.25</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">For 2004 restated in accordance with IFRS. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g36f18.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">150 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>SHARE PRICES ON THE STOCKHOLM STOCK EXCHANGE (SEK) </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2003</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2002</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Class&nbsp;A at last day of trading</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>27.60</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21.70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13.90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8.60</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Class&nbsp;A high for year (March 24, 2006)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>30.90</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16.80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42.89</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Class&nbsp;A low for year (June 13, 2006)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>20.90</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19.80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5.55</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.80</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Class B at last day of trading</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>27.65</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21.20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12.90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.10</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Class B high for year (March 24, 2006)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>31.00</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24.50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.60</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44.78</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Class B low for year (June 13, 2006)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>20.90</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19.40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12.70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4.11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.96</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>OFFER AND LISTING DETAILS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Principal trading market&#151;The Stockholm Stock Exchange share prices </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The tables above and below
state the high and low sales prices for our Class&nbsp;A and Class B shares as reported by the Stockholm Stock Exchange for the last five years. The equity securities listed on the Stockholm Stock Exchange Official Price List of Shares currently
comprise the shares of 276 companies (of which 51 from the former A list). Trading on the exchange generally continues until 5:30 p.m. each business day. In addition to official trading on the exchange, there is also trading off the exchange during
official trading hours and also after 5:30 p.m. Trading on the exchange tends to involve a higher percentage of retail clients, while trading off the exchange often involves larger Swedish institutions, banks arbitraging between the Swedish market
and foreign markets, and foreign buyers and sellers purchasing shares from or selling shares to Swedish institutions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The exchange
publishes a daily Official Price List of Shares which includes the volume of recorded transactions in each listed stock, together with the prices of the highest and lowest recorded trades of the day. The Official Price List of Shares reflects price
and volume information for trades completed by the members. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Host market NASDAQ ADS Prices </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The table below states the high and low sales prices quoted for our ADSs on NASDAQ for the last five years. The NASDAQ quotations represent prices between
dealers, not including retail mark-ups, markdowns or commissions, and do not necessarily represent actual transactions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The annual high
and low market prices on these markets are shown in the table &#147;Annual high and low market prices&#148; below. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ANNUAL HIGH AND LOW MARKET PRICES
</B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="52%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>THE&nbsp;STOCKHOLM&nbsp;STOCK&nbsp;EXCHANGE</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>NASDAQ</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>SEK&nbsp;per&nbsp;Class&nbsp;A&nbsp;share</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>SEK&nbsp;per&nbsp;Class&nbsp;B&nbsp;share</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>USD per ADS <SUP>1)</SUP></B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Period</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;High&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;Low&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;High&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;Low&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;High&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;Low&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2002</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42.89</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44.78</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.96</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">43.33</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.40</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2003</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16.80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5.55</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.60</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4.11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18.85</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5.20</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24.50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12.70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">34.57</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17.93</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2005</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19.80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19.40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37.19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.78</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>30.90</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>20.90</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>31.00</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>20.90</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>41.14</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>28.88</B></FONT></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Share market prices prior to August&nbsp;8, 2002,
have been adjusted for the stock dividend element of the stock issue. </FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">One ADS &#061; 10 Class B shares. (Prior to October&nbsp;23, 2002, one ADS &#061; one Class B share. Share prices have been adjusted accordingly.) </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">151 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The table below states the high and low sales prices for each quarter of 2005 and 2006. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>QUARTERLY HIGH AND LOW MARKET PRICES </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="52%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>THE STOCKHOLM STOCK EXCHANGE</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>NASDAQ</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>SEK&nbsp;per&nbsp;Class&nbsp;A&nbsp;share</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>SEK&nbsp;per&nbsp;Class&nbsp;B&nbsp;share</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>USD per ADS <SUP>1)</SUP></B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Period</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;High&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;Low&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;High&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;Low&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;High&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;Low&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2005</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">First Quarter</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22.40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19.80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19.40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32.49</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.78</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Second Quarter</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19.80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26.30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19.70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33.87</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.80</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Third Quarter</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24.30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24.30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">36.99</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31.74</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fourth Quarter</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37.19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32.17</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">First Quarter</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30.90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.60</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39.37</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33.63</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Second Quarter</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29.90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20.90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20.90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39.28</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.88</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Third Quarter</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20.90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35.35</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29.13</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fourth Quarter</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.45</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24.80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.60</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24.85</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33.95</FONT></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">One ADS &#061; 10 Class B shares </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The table below states
the high and low sales prices for each of the last ten months (August 2006 to May 2007). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>MONTHLY HIGH AND LOW MARKET PRICES </B></FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="52%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>THE STOCKHOLM STOCK EXCHANGE</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>NASDAQ</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>SEK&nbsp;per&nbsp;Class&nbsp;A&nbsp;share</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>SEK&nbsp;per&nbsp;Class&nbsp;B&nbsp;share</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>USD per ADS <SUP>1)</SUP></B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Period</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;High&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;Low&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;High&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;Low&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;High&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;Low&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">August 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24.50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24.50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20.90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33.93</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29.16</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">September 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23.50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23.40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35.35</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32.06</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">October 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.85</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24.80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24.85</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38.24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33.95</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">November 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.45</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26.40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.60</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26.40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40.41</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37.52</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">December 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.95</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38.40</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">January 2007</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29.70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29.90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.45</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42.13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37.98</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">February 2007</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39.66</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24.70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.85</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24.70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39.66</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35.26</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">March 2007</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26.55</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23.95</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26.70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23.80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38.24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33.94</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">April 2007</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.25</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">36.24</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">May 2007</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26.40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24.85</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26.55</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39.47</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">36.80</FONT></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">One ADS &#061; 10 Class B shares </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>SHARE CAPITAL </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As of December&nbsp;31, 2006, Ericsson&#146;s share capital was SEK 16,132,258,678 (16,132,258,678)&nbsp;represented by 16,132,258,678
(16,132,258,678)&nbsp;shares. The par value of each share is SEK 1.00. As of December&nbsp;31, 2006, the shares were divided into 1,308,779,918 (1,308,779,918)&nbsp;Class&nbsp;A shares, each carrying one vote, and 14,823,478,760
(14,823,478,760)&nbsp;Class B shares, each carrying one-tenth of one vote. As of December&nbsp;31, 2006, Ericsson held 251,013,892 Class B shares as treasury shares. No class C shares, each carrying one-thousandth of one vote, currently exist.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">There have been no share repurchases by Ericsson during 2006. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">152 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>CHANGES IN NUMBER OF SHARES AND CAPITAL STOCK 2002-2006 </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Number of shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Capital stock</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2002</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Conversions of convertible debentures</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">560</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">560</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2002</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">New issue (Class B shares) 1:1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,908,754,111</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,908,754,111</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2003</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">New issue (Class C shares, later converted to Class B)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">158,000,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">158,000,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2003</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">December 31</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132,258,678</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132,258,678</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">December 31 (no changes)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132,258,678</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132,258,678</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2005</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">December 31 (no changes)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132,258,678</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132,258,678</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">December 31 (no changes)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132,258,678</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132,258,678</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>SHAREHOLDERS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">As of December&nbsp;31, 2006, we had 814,841 shareholders registered at VPC (the Swedish Securities Register Center), of which 1,640 holders with a US address. According to information provided by Citibank, there were
117,866,408 ADSs outstanding as of December&nbsp;31, 2006, and 5,892 registered holders of such ADSs. A significant number of the ADSs are held of record by banks, brokers and/or nominees for the accounts of their customers. As of December&nbsp;31,
2006, banks, brokers and/or nominees held ADSs on behalf of 242,519 accounts. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">According to information known at year-end 2006, more than
80 percent of our Class&nbsp;A and Class B shares were owned by institutions, Swedish and international. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>TEN LARGEST COUNTRIES OF OWNERSHIP
</B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="4" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>As of December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Percent of capital</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2006&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;2005&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sweden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">50.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">54.1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">United States</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">27.1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">26.5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">United Kingdom</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.8</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.3</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Luxembourg</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3.9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3.8</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Switzerland</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.8</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">France</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.4</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Belgium</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.3</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Netherlands</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Denmark</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Germany</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other countries</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Source: SIS &Auml;garservice AB </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">153 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The following table sets forth share information, as of December&nbsp;31, 2006, with respect to our largest shareholders
registered at VPC and known by us, ranked by percentage of voting rights: </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>LARGEST SHAREHOLDERS BY VOTING RIGHTS DECEMBER 31, 2006 </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Identity of</B></FONT></P> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT
FACE="Times New Roman" SIZE="1"><B>person or group<SUP>1)</SUP></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Number of</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Class A shares</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Percentage&nbsp;of<BR>total Class A<BR>shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Number of</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Class B</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>shares</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Percentage&nbsp;of<BR>total Class B<BR>shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Voting<BR>rights,<BR>percent</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Percentage<BR>of capital</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Investor AB</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">513,320,192</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">39.22</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">297,073,324</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2.00</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">19.46</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.02</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">AB Industriv&auml;rden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">372,000,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">28.42</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,000,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.03</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">13.35</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2.34</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SHB Pensionsstiftelse</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">83,903,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.41</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3.01</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.52</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Livf&ouml;rs. AB Skandia</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63,806,641</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.87</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">69,931,826</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.47</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2.54</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.83</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pensionskassan SHB F&ouml;rs.f&ouml;ren.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63,360,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.84</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2.27</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.39</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Swedbank Robur fonder</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,440,973</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.57</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">403,173,269</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2.72</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.71</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2.54</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Alecta</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19,966,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.53</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">240,000,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.62</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.58</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.61</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">AMF Pension</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,763,682</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.36</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">251,730,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.70</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.07</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.59</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SEB Trygg F&ouml;rs&auml;kring</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23,024,095</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.76</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">51,939,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.35</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.01</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.46</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SHB/SPP fonder</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">99,552</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.07</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">278,006,658</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.87</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.99</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.71</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Tredje AP-fonden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,245,095</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.94</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">120,019,925</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.81</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.87</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.82</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">F&ouml;rsta AP-fonden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,472,938</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.57</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">158,151,211</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.07</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.83</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.03</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SEB fonder</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,135,549</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.24</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">187,367,096</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.26</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.77</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.15</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Nordea fonder</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,944,145</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.15</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">191,078,855</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.29</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.75</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.19</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SHB Personalstiftelse</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20,000,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.52</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.72</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.12</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fj&auml;rde AP-fonden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,812,755</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.21</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">129,821,845</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.88</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.57</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.82</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Andra AP-fonden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">149,123,659</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.01</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.53</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.92</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Oktogonen</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,903,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.00</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.46</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.08</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Foreign owners</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18,808,834</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.44</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,054,883,408</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">54.34</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">29.53</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">50.05</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">of which Oppenheimer Funds Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">334,046,626</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2.25</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.20</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2.07</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">of which Barclays</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33,400</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.02</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">292,853,578</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2.00</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.05</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.82</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">of which Fidelity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">255,287,828</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.72</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0.91</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1.58</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Others</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">77,773,467</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.88</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,236,178,684</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">28.58</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">17.98</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">26.81</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1,308,779,918</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>100</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>14,823,478,760</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>100</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>100</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>100</B></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>%</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Sources: SIS &Auml;garservice AB and VPC AB, December&nbsp;31, 2006, and Capital Precision, December 2006. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Including Nats Cumco as Nominee: 1,134,962,281 Class B shares. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">154 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The following table indicates changes in holdings of the Class&nbsp;A and Class B shares, respectively, held by major
shareholders and percent of voting rights, as of December&nbsp;31, 2004, 2005 and 2006. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Person or group (percent)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Class A<BR>shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Class B<BR>shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Voting<BR>rights</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Class A<BR>shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Class B<BR>shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Voting<BR>rights</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Class A<BR>shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Class B<BR>shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Voting<BR>rights</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Investor AB</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>39.22</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2.00</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>19.46</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39.22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19.46</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39.22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.00</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19.46</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">AB Industriv&auml;rden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>28.42</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.03</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>13.35</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.42</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.03</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13.35</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.42</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13.33</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Svenska Handelsbankens Pensionsstiftelse</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6.41</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>3.01</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.41</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.01</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.41</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.01</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Livf&ouml;rs&auml;krings AB Skandia</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4.87</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.47</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2.54</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4.51</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.55</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4.51</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.38</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pensionskassan SHB F&ouml;rs&auml;kringsf&ouml;rening</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4.84</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2.27</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4.84</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.27</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4.84</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.27</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Swedbank Robur Fonder</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.57</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2.72</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.71</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.57</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.54</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.62</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.51</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.65</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.62</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Alecta</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.53</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.62</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.58</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.05</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.82</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.25</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.75</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">AMF Pension</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.36</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.70</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.07</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.36</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.81</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.36</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.33</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SEB Trygg F&ouml;rs&auml;kring</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.76</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.35</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.01</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.39</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.21</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.39</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.22</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SHB/SPP Fonder</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.07</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.87</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.99</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.05</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.74</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.05</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Tredje AP-fonden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.94</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.81</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.87</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.91</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.02</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.97</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.94</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.97</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.97</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">F&ouml;rsta AP-fonden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.57</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.07</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.83</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.57</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.87</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.57</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.90</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SEB fonder</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.24</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.26</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.77</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.27</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.28</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.81</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.27</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.25</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.80</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Nordea Fonder</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.15</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.29</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.75</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.67</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.98</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.26</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.64</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.01</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Svenska Handelsbankens Personalstiftelse</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.52</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.72</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.53</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.72</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.53</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.72</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fj&auml;rde AP-fonden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.21</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.88</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.57</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.41</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.85</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.32</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.81</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Andra AP-fonden</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.01</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.53</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.67</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Oktogonen</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.00</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.46</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Foreign owners</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.44</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>54.34</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>29.53</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49.86</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.06</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.82</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">50.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.48</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">of which Oppenheimer Funds Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2.25</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.20</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">of which Barclays</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.02</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>2.00</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.05</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">of which Fidelity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.72</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>0.91</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.29</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5.52</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.93</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Others</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>5.88</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>28.58</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>17.98</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29.56</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19.17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5.85</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32.75</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20.04</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>100.00</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>100.00</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>100.00</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>100.00</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>100.00</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>100.00</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>100.00</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>100.00</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>100.00</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Source: SIS &Auml;garservice AB and VPC AB,
December&nbsp;31, 2006, and Capital Precision, December 2006. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our major shareholders do not have different voting rights than other
shareholders. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As far as we know, the Company is not directly or indirectly owned or controlled by another corporation, by any foreign
government or by any other natural or legal person(s) severally or jointly. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As of December&nbsp;31, 2006, the total number of voting
securities of the Company owned by top executives and directors as a group was: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Number&nbsp;of<BR>Class A<BR>shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Number of<BR>Class B<BR>shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Voting<BR>rights,<BR>percent</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Top executives and directors as a group (28 persons)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,080</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18,149,028</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.07</FONT></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">For individual holdings, see &#147;Corporate
Governance Report&#148;. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">155 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>
<A NAME="rom36434_13"></A>SHAREHOLDER INFORMATION </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Annual General Meeting of Shareholders will take place at the Annex to the Globe
Arena, Globentorget, Stockholm, at 3.00 p.m. on Wednesday, April&nbsp;11, 2007. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ENTITLED TO ATTEND AND NOTICE OF ATTENDANCE </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Shareholders, who wish to attend the Annual General Meeting of Shareholders, must </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">have been entered into the share register kept by VPC AB (the Swedish Securities Register Centre) as of Tuesday, April&nbsp;3, 2007; and
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">give notice of attendance to the Company no later than at 4 p.m. (Sweden time) on Tuesday, April&nbsp;3, 2007, at the Company&#146;s web site www.ericsson.com, at
telephone no.: &#043;46 8 775 01 99 weekdays between 10 a.m. and 4 p.m. or at fax no.: &#043;46 8 775 80 18. Notice of attendance may also be given by post to: Telefonaktiebolaget LM Ericsson, Group Function Legal Affairs, Box 47021, 100 74
Stockholm, Sweden </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">When giving notice of attendance, please state name, date of birth, address, telephone no. and number
of assistants. The personal data that Ericsson receives with the notice of attendance will be computer processed for the purpose of the Annual General Meeting of Shareholders 2007 only. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>SHARES REGISTERED IN THE NAME OF A NOMINEE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Shareholders, whose shares are registered in the name of
a nominee, must request the nominee to enter temporarily the shareholder into the share register as of Tuesday, April&nbsp;3, 2007 to be entitled to participate at the Annual General Meeting of Shareholders. The shareholder is requested to inform
the nominee well before that day. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>PROXY </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Shareholders, represented by proxy, shall issue a power of attorney for the representative. To a power of attorney issued by a legal entity, a copy of the certificate of registration (or, if no such certificate exists, a corresponding
document of authority) of the legal entity shall be attached. The documents must not be older than one year. In order to facilitate the registration at the Annual General Meeting, power of attorney in its original, certificates of registration and
other documents of authority should be sent to the Company at the address above so as to be available by Tuesday, April&nbsp;10, 2007. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>DIVIDEND
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Board of Directors has decided to propose the Annual General Meeting of Shareholders to resolve on a dividend of SEK 0.50&nbsp;per
share for the year 2006 and Monday, April&nbsp;16, 2007 as record day for dividend. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>FINANCIAL INFORMATION FROM ERICSSON </B></FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Interim reports 2007:&nbsp;April&nbsp;26, 2007 (Q1) July&nbsp;20, 2007 (Q2) October&nbsp;25, 2007 (Q3) February&nbsp;1, 2008 (Q4) </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Annual Report 2007:&nbsp;March, 2008 </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Form 20-F for the US market 2007: During Q2, 2008 </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">156 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Annual reports and other financial reports can be downloaded or ordered on our web site: www.ericsson.com/investors or
ordered via e-mail or mail. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>For printed publications, contact: </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Str&ouml;mberg Distribution i Huddinge AB </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT
FACE="Times New Roman" SIZE="2">SE-120 88 Stockholm, </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Sweden </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Phone: &#043;46 8 449 89 57 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT
FACE="Times New Roman" SIZE="2">E-mail: ericsson@strd.se </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">In the United States, Ericsson&#146;s Transfer Agent Citibank:
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Citibank Shareholder Services </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Registered holders: &#043;1 877 881 5969 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT
FACE="Times New Roman" SIZE="2">Interested investors: &#043;1 800 808 8010 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">E-mail: ericsson@shareholders-online.com
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">www.citibank.com/adr </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT
FACE="Times New Roman" SIZE="2">Ordering a hard copy of the Annual Report: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">http://www.sccorp.com/annualreport/ericsson.htm
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Phone toll free: &#043;1 866 216 0460 </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Contact information: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Investor Relations for Europe, Middle East, Africa and AsiaPacific: </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Telefonaktiebolaget LM Ericsson </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT
FACE="Times New Roman" SIZE="2">SE-164 83 Stockholm, </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Sweden </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Telephone: &#043;46 8 719 00 00 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT
FACE="Times New Roman" SIZE="2">E-mail: investor.relations.se@ericsson.com </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Investor Relations for the Americas: </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Ericsson </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman"
SIZE="2">The Grace Building </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">1114 Ave of the Americas, Suite #3410 </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">New York, NY 10036, </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman"
SIZE="2">USA </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Telephone: &#043;1 212 685 4030 </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">E-mail: investor.relations@ericsson.com </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">157 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>
<A NAME="rom36434_14"></A>COMPENSATION </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson&#146;s compensation system is based on three principles: fairness, performance and
competitiveness to attract and retain talent. However, we recognize that compensation is local and as such we expect local management to create their own systems based on these principles. Performance shall be encouraged by aligning all employee
efforts to the strategic direction of the organization. Individuals and teams shall be rewarded according to their contribution to targets. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>CLEAR
CONTROLS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Compensation processes by the nature of their sensitivity require clear controls. In Ericsson these are based on three
pillars: the Board of Directors and Remuneration Committee authorization, audit controls and our internal system that requires two levels of managers to approve any compensation decision. In addition, the Annual General Meeting approves the
compensation principles for the group management and also the terms of our long-term variable compensation program. The Remuneration Committee is also supported by an independent remuneration expert to help in obtaining an independent opinion and
advice on remuneration issues. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>COMPENSATING FOR PERFORMANCE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The compensation package for our employees consists mainly of the following three parts: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">fixed salary (cash) </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">short-term variable salary (annual cash); </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">long-term variable compensation (Ericsson shares). </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">For more details please see Notes to the Consolidated Financial Statements&#151;Note C29, &#147;Information regarding Employees, Members of the Board of Directors and Management&#148;. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We have a preference where possible to encourage variable compensation because it better supports performance, enables the company to have a more
flexible pay-roll cost and it supports employee alignment to clear targets. The company&#146;s success becomes team success. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>SHORT-TERM VARIABLE SALARY
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We have global short-term variable plans for management and for sales professionals. The Board of Directors and the Remuneration
Committee decide on all Ericsson group targets, which are then cascaded to unit related targets, all subject to approval by the normal two level management approval process. The Remuneration Committee monitors appropriateness of the target levels
throughout the year and has the authority to revise them. Examples of group targets for 2006 were financial performance, employee satisfaction, customer satisfaction and operational targets. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Employees not covered by global short term variable plans may be eligible for local plans. These vary in design. Sweden, for example, has a plan for all
employees that can give a variable pay of up to 8 percent of fixed salary for maximum target achievement, equaling one month&#146;s fixed salary. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">The target payout levels vary depending on local competitive practice, but in general the following is valid for the short-term variable plans for management globally: </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Percent of fixed salary</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Target<BR>achievement</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Maximum<BR>target<BR>achievement</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Most management jobs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10&#150;20</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">20&#150;40</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Group Management including CEO</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">30&#150;40</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">60&#150;80</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">158 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>LONG-TERM VARIABLE PLAN </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">As long-term variable compensation, we have a global Stock Purchase Plan for employees in 86 countries. The plan is based on the participant&#146;s own investments in shares at market price and matching after three years by the Company at
different levels ranging from one share for all employees to nine shares for the CEO. Matching of more than two shares is performance tested. During 2006, 17,000 employees around the world purchased 20&nbsp;million Ericsson shares for future
matching by the Company. Matching of shares, which occurs when vesting period ends and conditions are fulfilled/not fulfilled, under the first performance matching program, which started in 2004, will begin during 2007. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>PENSIONS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Pension benefits are also set depending on
local competitiveness and local practice. In addition to any national system for social security, pension benefits may contain various supplementary Company plans. Group Management including CEO have two supplementary plans: the ITP plan (for all
salaried staff in Sweden) and a defined contribution plan based on premiums invested monthly in a pension fund. All costs for these pensions are accounted for annually during active service in the Company. The pensions can be paid out from the age
of 60. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For further information on compensation principles, payout to the President and CEO and group management, as well as costs, see
notes to the Consolidated Financial Statements&#151;note C29, &#147;Information regarding Employees, Members of the Board of Directors and Management&#148;. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">159 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>
<A NAME="rom36434_15"></A>CORPORATE GOVERNANCE REPORT 2006 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Corporate governance is a generic term describing the ways in which rights
and responsibilities are distributed among the various corporate bodies according to the rules, processes or laws they are subject to. In practice, corporate governance defines the decision-making systems and structure through which owners directly
or indirectly control a company. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>OUR COMMITMENT TO CORPORATE GOVERNANCE </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At Ericsson we are committed to high standards of corporate governance and pride ourselves on how we conduct our business. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We have policies and directives that guide all employees in how to work to meet legal and regulatory requirements and the ethical standards that we set
for ourselves. The Company&#146;s reputation for integrity and good corporate citizenship stems from its core values of professionalism, respect and perseverance. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g46z58.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">While these ideals and values are embedded in our ways of working, we know that controls and procedures are
integral to maintaining our high standards and we are constantly seeking ways to make our corporate governance even more effective and reliable. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">This Corporate Governance Report describes the corporate governance, direction and management of Ericsson, including information on how the Board of Directors ensures the quality of the financial reports and its interaction with
Ericsson&#146;s independent auditors. The auditors have not reviewed Ericsson&#146;s Corporate Governance Report 2006. The report does not constitute a part of our formal annual report. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>HIGH STANDARDS IN BUSINESS ETHICS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our Code of Business Ethics sets out how we work to achieve and
maintain our high standards. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">160 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">This document has been translated into more than 20 languages to ensure that everyone who works for Ericsson understands our
policies and directives and the importance of conducting all business activities in an ethical manner. We also arrange corporate governance training for executives so that they can reinforce the messages among Ericsson&#146;s widespread work-force.
All employees must regularly review the Code of Business Ethics and acknowledge that they have understood its principles. Our Code of Business Ethics satisfies the applicable requirements of the Sarbanes-Oxley Act of 2002 and NASDAQ. The Code can be
found at: www.ericsson.com/ericsson/corporate_responsibility/ employees/code_businessethics.shtml Information on our website does not form part of this document. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>COMPLIANCE WITH REQUIREMENTS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As a Swedish public limited liability company, Ericsson is governed on the basis of its
Articles of Association and the Swedish Companies Act. We also comply with the listing requirements of the Stockholm Stock Exchange, including the Swedish Code of Corporate Governance (&#147;the Code&#148;). The Code is based on the &#147;comply or
explain&#148; principle, which means that a company may deviate from individual rules but is required to explain why. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In addition, we
comply with the listing requirements of the other stock exchanges we are listed on, that is the London Stock Exchange and NASDAQ. We also satisfy the applicable NASDAQ corporate governance requirements, subject to a few exemptions principally
reflecting mandatory Swedish legal requirements, see &#147;NASDAQ Corporate Governance Exemptions&#148; below. Moreover, we comply with the applicable requirements of the Sarbanes-Oxley Act, including the certification of our Annual Report on the
SEC&#146;s (Securities and Exchange Commission&#146;s) Form 20-F by the Chief Executive Officer and Chief Financial Officer. The Sarbanes-Oxley Act, commonly called SOX, is a United States federal law establishing, among other things, enhanced
corporate governance standards and is applicable to Ericsson as we have securities quoted on NASDAQ. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>APPLICATION OF THE SWEDISH CODE OF CORPORATE
GOVERNANCE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson has been applying the Code since July 2005. To ensure Ericsson&#146;s compliance with the Code, our group steering
documents and procedures have been evaluated and adapted to also reflect the requirements of the Code. Internal processes, such as reporting information on the corporate governance website, as well as procedures in connection with the Annual General
Meeting of Shareholders, have likewise been adapted to meet the requirements of the Code. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson does not report any deviations from the
Code in 2006. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>CORPORATE BODIES IN CORPORATE GOVERNANCE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The governance and control of Ericsson is carried out through a number of corporate bodies. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At General
Meetings of Shareholders, the shareholders exercise their voting rights with regard to, for example, the composition of the Board of Directors of Ericsson and election of external auditors. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A Nomination Committee proposes candidates to serve as Board members, the Board Chairman and external auditors. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Board is responsible for Ericsson&#146;s long-term development and strategy as well as controlling and evaluating the Company&#146;s daily
operations. In addition, the Board appoints the President of Ericsson, who is also the Chief Executive Officer (CEO). The duties of the Board are partly exercised through its three Committees; the Audit, Finance and Remuneration Committees.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">161 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The President and CEO is in charge of the day-to-day management of Ericsson in accordance with guidelines and instructions
provided by the Board. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson reports three operating segments, Systems, Phones and Other Operations for the year ending
December&nbsp;31, 2006. The President and CEO is also head of the Systems segment, and the heads of the business units and market units in Systems report directly to him. The heads of the five units in Other Operations also report to the President
and CEO. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For more information on general aspects of Swedish corporate governance, please refer to a memorandum &#147;Special features of
Swedish corporate governance&#148; posted on the website of the Swedish Corporate Governance Board www.corporategovernanceboard.se. Information on this website does not form part of this document. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g81s81.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>MEETINGS WITH THE SHAREHOLDERS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">In accordance with the Swedish Companies Act and Ericsson&#146;s Articles of Association, shareholders who exercise their voting rights at the Annual General Meeting determine the composition of the Board of Directors
and all other issues voted on at General Meetings of Shareholders. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Annual General Meeting is held in Stockholm, generally at the end
of March or beginning of April. The exact date is advertised, along with the agenda and information on how shareholders can give notice of attendance, on Ericsson&#146;s website and in the Swedish newspapers Svenska Dagbladet, Dagens Nyheter and
Post-och Inrikes Tidningar, as well as in the European edition of Financial Times, as a courtesy to our shareholders abroad. Shareholders who cannot participate in person may be represented by proxy (proxies are valid for a maximum of one year). To
allow non-Swedish speaking shareholders to participate, the Annual General Meeting is simultaneously interpreted into English. All information material is also available in English. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Resolutions at General Meetings of Shareholders are normally passed by simple majority. However, the Swedish Companies Act requires special quorums and
majorities in certain cases. At General Meetings of Shareholders each Class&nbsp;A share carries one vote and each Class B share one-tenth of one vote. For more information on the shares of Ericsson, please see &#147;Share Information&#148; in the
Annual Report. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">162 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Annual General Meeting offers shareholders the opportunity to raise questions regarding the Company and the results of
the year under review. The members of the Board of Directors, the executive management as well as the external auditors are normally all present to answer such questions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Shareholders and other interested parties can also correspond in writing with the Board of Directors or executive management at any time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The Board of Directors&#146; Secretariat can be contacted by e-mail at boardsecretariat@ericsson.com, or by post: Telefonaktiebolaget LM Ericsson The Board of Directors&#146; Secretariat SE-164 83 Stockholm, Sweden
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ERICSSON&#146;S ANNUAL GENERAL MEETING 2006 </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">1,106 shareholders, representing 57.4 percent of the votes and 30.9 percent of the capital of Ericsson, attended the Annual General Meeting held on April&nbsp;10, 2006, at the Annex to the Globe Arena in Stockholm. Ericsson&#146;s Board of
Directors, Group management and the external auditors, were present at the meeting. Decisions of the 2006 Annual General Meeting include: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Re-election of Michael Treschow as Chairman of the Board of Directors, re-election of Marcus Wallenberg and election of Sverker Martin-L&ouml;f as Deputy Chairmen.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Re-election of Sir Peter L. Bonfield, Ulf J. Johansson, Nancy McKinstry and Carl-Henric Svanberg as members of the Board of Directors and election of B&ouml;rje
Ekholm, Katherine Hudson and Anders Nyr&eacute;n as new members of the Board of Directors. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Resolution to adopt the Parent Company Income Statement and Balance Sheet and the Consolidated Income Statement and Balance Sheet. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Discharge of liability of the members of the Board of Directors and the President for the fiscal year 2005. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Resolution that a dividend of SEK 0.45&nbsp;per share be paid for the year 2005. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Resolution that the number of Board members be 10 with no deputies. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Resolution that Board of Directors&#146; fees be paid as follows: Chairman SEK 3,750,000; other non-employed Board members SEK 750,000 each; in addition SEK 350,000
to the Chairman of the Audit Committee and SEK 250,000 each to the other two non-employed members of the Audit Committee; and SEK 125,000 each to the Chairmen and other non-employed members of the Finance and Remuneration committees.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Approval of the Nomination Committee&#146;s proposals for the procedure for appointing the members of the Nomination Committee and the assignment of the Nomination
Committee. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Amendments of the Articles of Association to reflect the new Swedish Companies Act that came into effect on January&nbsp;1, 2006. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Approval of the principles on remuneration and other employment terms for Ericsson&#146;s top executives. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Resolution to implement a Long-Term Incentive Plan for 2006 and transfer of own shares as a part thereof. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ERICSSON&#146;S ANNUAL GENERAL MEETING 2007 </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Ericsson&#146;s Annual General Meeting 2007 will take place on April&nbsp;11, 2007, at the Globe Arena in Stockholm. This was announced in conjunction with the release of the third quarter financial report in 2006. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">163 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>NOMINATION COMMITTEE </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">The Nomination Committee, appointed on the basis of the procedure resolved by the Annual General Meeting of Shareholders 2006, consists of Michael Trewchow (Chairman of the Board of Directors) and of the four members appointed by the four
largest shareholders by voting power as of April&nbsp;28, 2006: Jacob Wallenberg (Investor AB), Carl-Olof By (AB Industriv&auml;rden, Chairman of the Nomination Committee), Caroline af Ugglas (Livf&ouml;rs&auml;kringsaktiebolaget Skandia), Tomas
Nicolin (Alecta Pensionsf&ouml;rs&auml;kring). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>THE TASKS OF THE NOMINATION COMMITTEE </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The main task of the Nomination Committee is to propose candidates for election to the Board of Directors, including the Chairman and the Deputy Chairmen.
The Nomination Committee must take into consideration the various rules on independence of the Board in relation to the Company, its senior management and major shareholders, in accordance with the requirements of the Code. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In years in which election of auditors are held, the Nomination Committee also proposes candidates for election of auditors, based on the preparations
carried out by the Audit Committee of the Board. The Nomination Committee also proposes a candidate for election of the Chairman of General Meetings of Shareholders and prepares proposals concerning the level of remuneration for Directors elected by
the Annual General Meeting of Shareholders not employed by Ericsson, the auditors and members of the Nomination Committee for resolution by the Annual General Meeting. So far, the Nomination Committee has not proposed any fee to be paid to the
Nomination Committee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Recommendations to the Nomination Committee may be submitted by e-mail to nomination.committee@ericsson.com, or by
post to: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Telefonaktiebolaget LM Ericsson </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Nomination
Committee </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">c/o General Counsel&#146;s Office </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">SE-164 83
Stockholm </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Sweden </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>WORK OF THE NOMINATION COMMITTEE FOR THE
ANNUAL GENERAL MEETING 2007 </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Nomination Committee held five meetings and had informal contacts between meetings. The Nomination
Committee has thoroughly familiarized itself with how the Board work is conducted and functions and has made assessments in terms of the competence and experience that is required by the Board. In addition to matters prepared each year by the
Nomination Committee, the Nomination Committee for the Annual General Meeting 2007 has, in close cooperation with the Board&#146;s Audit Committee, prepared a proposal for the election of auditors for resolution by the Annual General Meeting of
Shareholders 2007. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A report on the work of the Nomination Committee will be published on Ericsson&#146;s website in connection with the
notice of the Annual General Meeting of Shareholders 2007. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>BOARD OF DIRECTORS </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Board of Directors is ultimately responsible for the organization of the Company and the management of the Company&#146;s operations. It develops
guidelines and instructions for the day-to-day management of the Company, conducted by the President and CEO who ensures the Board of Directors receives regular reports regarding the Group&#146;s business development&#151;its results, financial
position and liquidity&#151;and events of importance to the Group. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">164 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">According to the Articles of Association, Ericsson&#146;s Board of Directors shall consist of a minimum of five directors
and a maximum of 12 directors, with no more than six deputies. Directors are elected by the shareholders at the Annual General Meeting for the period from the date of the Annual General Meeting until the close of the following Annual General
Meeting, but can serve any number of consecutive terms. In addition, under Swedish law, unions have the right to appoint three directors and their deputies to the Ericsson Board of Directors. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson abides by strict rules and regulations regarding conflicts of interest. Directors and the President and CEO cannot participate in any decision
regarding agreements between themselves and the Company, or between the Company and any third party or legal entity that the individual has an interest in. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Further, the Audit Committee has implemented a procedure for the approval of related-party transactions in accordance with NASDAQ&#146;s corporate governance rules as well as a pre-approval process for non-audit
services carried out by the external auditors, in order to ensure their independence. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>MEMBERS OF THE BOARD OF DIRECTORS </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our Board of Directors consists of 10 Directors, elected by the shareholders at the Annual General Meeting for the period until the close of the next
Annual General Meeting, and three employee representatives, each with a deputy, appointed by the trade unions. The Chairman of the Board is elected by the Annual General Meeting. The President and CEO of the Company may be elected as a director, but
the Swedish Companies Act prohibits the President of a public company from being elected Chairman of the Board. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>WORK PROCEDURE OF THE BOARD OF
DIRECTORS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Board of Directors has adopted a work procedure for its activities that outlines rules regarding the distribution of
tasks between the Board and its Committees as well as between the Board, its Committees and the President and CEO. The work procedure is reviewed, evaluated and adopted by the Board as required, at least once a year. During 2006, the work procedure
was adjusted by the Board at its meeting in December. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>INDEPENDENCE OF THE DIRECTORS </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In connection with its proposal to the Annual General Meeting of Shareholders 2006, the Nomination Committee elected by the Annual General Meeting of
Shareholders 2005 made the assessment that, for the purposes of the Swedish Code of Corporate Governance, the following Directors are independent of the Company and its senior management, as well as of the Company&#146;s major shareholders: Sir
Peter L. Bonfield, Katherine Hudson, Ulf J. Johansson, Nancy McKinstry and Michael Treschow. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>WORK OF THE BOARD OF DIRECTORS </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Board holds at least six meetings each year. Material for each Board meeting is distributed according to a pre-established time plan by the Board of
Directors&#146; Secretariat on behalf of the President and CEO. Each Board meeting generally includes reports by the Chairman of each of the three Committees based on the minutes from the Committee meetings, which were distributed to all Directors
prior to the Board meeting. Further, a Board meeting typically includes the President and CEO&#146;s report on general business and market developments including the performance of the Company. At Board meetings held in conjunction with interim
reports, the financial statements are discussed along with any proposed press release related to the interim report. A substantial part of the Board&#146;s ordinary work is devoted to strategy issues. Towards the end of the year, the Board performs
an evaluation of the Board work, which serves as a guide for the work of the Nomination Committee. The Board is regularly informed of recent developments of legal and regulatory matters and addresses, whenever necessary, the adoption of and
implementation of various corporate governance rules. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">165 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g73w86.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Directors generally participate in all Board meetings and, to the extent possible, also attend General
Meetings of Shareholders. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Board is also responsible for financial oversight and meets regularly with Ericsson&#146;s external auditors
to receive and consider the auditors&#146; observations regarding the annual report, interim reports and internal controls. The auditors attend the regularly scheduled Audit Committee meetings and meet with the entire Board at least twice a year. At
least one meeting with the auditors takes place without the presence of the President and CEO or other members of the management team. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">To
assist Directors in their work for Ericsson, training sessions are held each year to enhance the Directors&#146; knowledge of Group operations. Training is also provided to new Directors and to cover specific issues as needed. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>WORK OF THE BOARD OF DIRECTORS IN 2006 </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In 2006, ten
Board meetings were held. The Directors&#146; attendance at Board and Committee meetings during 2006 is reflected in the table &#147;Directors&#146; Attendance and Board of Directors&#146; Fees.&#148; Apart from general Board matters referred to
above, matters addressed by the Board during 2006 include: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">integration of the operations acquired from Marconi; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">acquisition of the Swedish company Netwise AB; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">divestment of the defense operations, Ericsson Microwave Systems AB to Saab AB; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">a new organization as from January&nbsp;1, 2007, under three business units; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">long-term and short-term strategy with regard to the operator consolidation driven by convergence and development and the changes in the competitive landscape, and
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">acquisition of the US company Redback Networks Inc. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">166 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g36434g87f58.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Training sessions for the Board of Directors in 2006 included Research and Development, Human Resources and
Corporate Responsibility. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>BOARD WORK EVALUATION </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The Chairman of the Board initiates and leads a thorough evaluation of Board work and the Board procedures each year. The evaluation process includes written questionnaires, as well as interviews and discussions.
During 2006, the Chairman held individual discussions with each Director and each Director answered three separate written questionnaires, i.e. one covering the Board work in general, one covering the Chairman&#146;s performance, and one covering
the President and CEO&#146;s performance. The Chairman and the President and CEO are neither involved in the development, compilation or evaluation of the questionnaires related to their respective performances, nor present when their respective
performance is evaluated. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>COMMITTEES OF THE BOARD OF DIRECTORS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The Board of Directors has established three Committees: the Audit, Finance and Remuneration Committees. The Board appoints each of the Committee members amongst the Board members. The work of the Committees is
principally preparatory, that is they prepare matters for final resolution by the Board. However, the Board has authorized each Committee to determine certain issues in limited areas and may also provide extended authorization to a Committee to
determine specific matters. The Board of Directors and each Committee have the right to engage external expertise, either in general or in respect to specific matters, if deemed appropriate. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Prior to each Board meeting, each Committee submits a report to the Board on the issues handled, resolved or referred to the Board since the previous
ordinary Board meeting. The minutes of each Committee meeting are attached to the minutes of the Board meeting following each Committee meeting. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">167 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>DIRECTORS&#146; ATTENDANCE AND BOARD OF DIRECTORS&#146; FEES 2006 </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Board Committee</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Board and<BR>committee<BR>fee</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Board<BR>Meetings</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Audit</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Finance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Remuneration</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Michael Treschow</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,000,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sverker Martin-L&ouml;f</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,100,000</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marcus Wallenberg</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">875,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Peter L. Bonfield</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,000,000</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">B&ouml;rje Ekholm</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">875,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Katherine Hudson</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">750,000</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ulf J. Johansson</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,000,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Nancy McKinstry</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">875,000</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Anders Nyr&eacute;n</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">875,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Carl-Henric Svanberg</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Arne M&aring;rtensson</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Eckhard Pfeiffer</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Monica Bergstr&ouml;m</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>4)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,400</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Jan Hedlund</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,900</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Torbj&ouml;rn Nyman</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Anna Guldstrand</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,000</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Per Lindh</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>5)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,400</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Arne L&ouml;fving </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>6)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,000</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Kristina Davidsson</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>7)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,000</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>10</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>9</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>8</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>11,411,800</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Appointed as Member of the Board of Directors as of April&nbsp;10, 2006. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Resigned from the Remuneration Committee and joined the Audit Committee as of April&nbsp;10, 2006. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Resigned from the Board of Directors as of April&nbsp;10, 2006. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">4)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Joined the Remuneration Committee as of April&nbsp;10, 2006. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">5)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Resigned from the Remuneration Committee as of April&nbsp;10, 2006. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">6)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Resigned from the Board of Directors as of 31&nbsp;July, 2006. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">7)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Joined the Board of Directors as of August&nbsp;1, 2006. </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>The Audit
Committee </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee, on behalf of the Board, monitors the integrity of the financial statements, compliance with legal and
regulatory requirements and the effectiveness of our systems of internal control over financial reporting. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee is
primarily responsible for reviewing annual and interim financial reports, overseeing the external audit process, including audit fees and the internal audit function, and resolving matters arising during the course of reviews and audits. This
involves: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">reviewing, with management and the external auditors, the audited financial statements including conformity with generally accepted accounting principles;
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">reviewing, with management, the reasonableness of significant estimates and judgments made in preparing the financial statements, as well as the quality of the
disclosures in the financial statements; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">reviewing matters arising from reviews and audits performed. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">168 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee is also involved in the preparatory work of proposing candidates for the election of auditors, when
applicable, and monitors their ongoing independence and performance, as well as monitoring Group transactions to avoid conflicts of interest. To achieve this, the Audit Committee has implemented approval procedures for audit and other services
performed by the external auditors (see &#147;Audit Committee Pre-approval Policies and Procedures.&#148;); a pre-approval process for transactions with related parties; and a &#147;whistle-blower&#148; procedure for the reporting of violations in
relation to accounting, internal controls and auditing matters. The procedure for the reporting of these violations has been adjusted in 2006 to meet EU recommendations and French legal requirements in relation to whistle-blower procedures. These
recommendations and requirements aim to limit misuse of the procedure and to secure handling of personal data in relation to reports made under such procedure. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Alleged violations are investigated by Ericsson&#146;s internal audit function in conjunction with the relevant Group Function. Information regarding any incidents, including measures taken, details of the responsible
Group Function and the status of any investigation are reported to the Audit Committee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee itself does not perform audit
work. Ericsson has an internal audit function, which reports to the Audit Committee and performs independent audits. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Members of the Audit Committee
</I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee consists of four members appointed by the Board from among its members. In 2006, the Audit Committee comprised
Sverker Martin-L&ouml;f (Chairman of the Committee), Sir Peter L. Bonfield, Ulf&nbsp;J.&nbsp;Johansson (succeeding Eckhard Pfeiffer from April, 2006) and Jan Hedlund. All members, except the employee representative, are independent from the Company
and senior management. Each member is financially literate and familiar with the accounting practices of an international company comparable to Ericsson. At least one member must be an audit committee financial expert. The Board of Directors has
determined that Sverker Martin-L&ouml;f, Sir Peter L. Bonfield and Ulf Johansson satisfy these requirements. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee has
appointed an external expert advisor, Mr.&nbsp;Peter Markborn, to assist and advise the Committee. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Work of the Audit Committee </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee held nine meetings during 2006&#151;attendance is reflected in the table &#147;Directors&#146; Attendance and Board of Directors&#146;
Fees 2006&#148;. The work of the Audit Committee during the year included: review of financial reports, the scope and execution of audits performed, the independence of the external auditors, the internal audit function and audit fees. Further, the
Audit Committee has, together with the external auditors, reviewed each interim report prior to publishing. Part of the Committee&#146;s work during the year has been to continuously monitor the progress of the Company&#146;s implementation of the
rules and regulations of the Sarbanes-Oxley Act. In addition, certain services other than audits performed by the external auditors have been approved by the Audit Committee under the pre-approval policies and procedures. Further, the Audit
Committee has approved certain related-party transactions in accordance with the pre-approval process implemented by the Committee. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>The Finance
Committee </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Finance Committee is primarily responsible for: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">handling matters regarding acquisitions and divestments; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">capital contributions to companies inside and outside the Ericsson Group; </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">169 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">raising of loans, issuances of guarantees and similar undertakings and approvals of financing support to customers; and </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">continually monitoring the Group&#146;s financial risk exposure. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The Finance Committee is authorized to determine matters such as direct or indirect financing, provision of credits, granting securities and guarantees and certain investments, divestments and financial commitments,
or can delegate this power. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Members of the Finance Committee </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The Finance Committee consists of four members appointed by the Board from among its members. In 2006, the Finance Committee comprised Marcus Wallenberg (Chairman of the Committee), Anders Nyr&eacute;n, Torbj&ouml;rn
Nyman and Michael Treschow. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Work of the Finance Committee </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The Finance Committee held eleven meetings during 2006&#151;attendance is reflected in the table &#147;Directors&#146; Attendance and Board of Directors&#146; Fees 2006&#148;. The work included: resolutions on matters
such as customer financing and credit facility arrangements, and on certain acquisitions and divestments. The Finance Committee also monitored the financial risk exposure and risk limits and was informed on a large amount of finance-related matters
such as the status of ongoing acquisitions, in particular the integration of the operations acquired from Marconi. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>The Remuneration Committee
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Remuneration Committee&#146;s main responsibility is to advise the Board of Directors regarding salary and other remuneration,
including retirement compensation of the President and CEO, Executive Vice Presidents and other officers reporting directly to the President and CEO. Other responsibilities include: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">developing and monitoring strategies and general guidelines for employee compensation, including variable plans and retirement compensation;
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">approving variable pay under the previous year&#146;s plan (beginning of each year); </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">preparation of the long-term variable plan for referral to the Board and subsequent resolution by the General Meeting of Shareholders, and
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Preparation of the targets for variable pay for the following year for resolution by the Board. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">To achieve this, the Committee holds annual strategic compensation reviews with representatives of the Company to determine the direction to follow,
allowing program designs and pay policies to be aligned with the business situation. Consideration is given to trends in compensation, legislative changes, disclosure rules and the general global environment surrounding executive pay. The Committee
reviews salary survey data to approve any base pay increase for executives, effective from the following January. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Members of the Remuneration Committee
</I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Remuneration Committee consists of four members appointed by the Board from among its members. In 2006 the Remuneration Committee
comprised Michael Treschow (Chairman of the Committee), Nancy McKinstry, Monica Bergstr&ouml;m (succeeding Per Lindh as from April 2006) and B&ouml;rje Ekholm (succeeding Ulf&nbsp;J.&nbsp;Johansson as from April 2006). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">170 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Remuneration Committee has appointed an independent expert advisor, Mr.&nbsp;Gerrit Aronson, to assist and advise the
Committee. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Work of the Remuneration Committee </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">The Remuneration Committee held eight meetings during 2006&#151;attendance is reflected in the table &#147;Directors&#146; Attendance and Board of Directors&#146; Fees 2006&#148;. The Committee reviewed and prepared for the Board a proposal
for a long-term variable compensation plan, which was resolved by the 2006 Annual General Meeting of Shareholders, and started to prepare a long-term variable compensation plan to be presented to the Annual General Meeting of Shareholders 2007.
Further, the Committee proposed to the Board a structure for variable pay for the Group Management Team and the Extended Management Team. The Committee also prepared proposals for salaries and variable pay for 2006, including compensation of the
President and CEO and of officers reporting directly to him. For further information on compensation, fixed and variable pay, please see &#147;Notes to the Consolidated Financial Statements&#151;Note C29, Information Regarding Employees, Members of
the Board of Directors and Management&#148; in the Annual Report. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>MEMBERS OF THE BOARD OF DIRECTORS </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>BOARD MEMBERS ELECTED BY THE ANNUAL GENERAL MEETING OF SHAREHOLDERS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Michael Treschow (first elected 2002) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Chairman of the Board of Directors </I></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Chairman of the Remuneration Committee </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Member of the Finance
Committee </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1943, Master of Engineering, Lund Institute of Technology.
<B>Board Chairman: </B>AB Electrolux and the Confederation of Swedish Enterprise. <B>Board member: </B>ABB Ltd. and B-business partners. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000">:</FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> 770,000 Class B shares </FONT></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><B>Principal work experience and other information: </B>President and CEO of AB Electrolux 1997&#150;2002. Earlier positions mainly include positions within Atlas Copco, where he served as President and CEO 1991&#150;1997. Member of the
Royal Academy of Engineering Sciences. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Marcus Wallenberg (first elected 1996) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><I>Deputy Chairman of the Board of Directors </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Chairman of the Finance Committee </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1956, Bachelor of Science of Foreign Service, Georgetown University, USA. <B>Board Chairman:
</B>Skandinaviska Enskilda Banken, Saab AB, and International Chamber of Commerce (ICC). <B>Board member: </B>AstraZeneca plc, AB Electrolux, Stora Enso Oy, the Knut and Alice Wallenberg Foundation and Thisbe AB. <B>Holdings in Ericsson<FONT
FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">: </FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">710,000 Class B shares </FONT></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Principal work experience and other information: </B>Positions within Investor AB, where he served as President and CEO 1999&#150;2005. Prior to this
he was Executive Vice President at Investor. Previous employers include Stora Feldm&uuml;hle AG, Citicorp, Citibank and Deutsche Bank. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="10%" SIZE="1"
NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The number of Class B shares (and Class&nbsp;A shares and options, if applicable) includes holdings by related natural or legal persons. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">171 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Sverker Martin-L&ouml;f (first elected 1993) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><I>Deputy Chairman of the Board of Directors </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Chairman of the Audit Committee </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1943, Doctor of Technology and Master of Engineering, Royal Institute of Technology,
Stockholm. <B>Board Chairman: </B>Skanska, Svenska Cellulosa Aktiebolaget SCA and SSAB. <B>Deputy Chairman: </B>Industriv&auml;rden. <B>Board member: </B>Confederation of Swedish Enterprise and Svenska Handelsbanken. <B>Holdings in Ericsson<FONT
FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">: </FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">52,000 Class B shares </FONT></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Principal work experience and other information: </B>President and CEO of Svenska Cellulosa Aktiebolaget SCA 1990&#150;2002, where he was employed
1977&#150;1983 and 1986&#150;2002. Previous positions at Sunds Defibrator and Mo och Domsj&ouml; AB. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Sir Peter L. Bonfield (first elected 2002)
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Member of the Audit Committee </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Born
1944, Honors degree in Engineering, Loughborough University, Leicestershire, UK. <B>Board Chairman</B>: Supervisory Board&#151;NXP. <B>Deputy Chairman</B>: British Quality Foundation. <B>Board member:</B> </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">AstraZeneca plc, Mentor Graphics Inc., Sony Corporation, and TSMC. <B>Holdings in Ericsson:</B> None <B> </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Principal work experience and other information: </B>CEO and Chairman of the Executive Committee of British Telecommunications plc (1996&#150;2002).
Chairman and CEO of ICL plc (1990&#150;1996). Positions with STC plc and Texas Instruments Inc. Member of the International Advisory Group of Citigroup and of the International Advisory Panel of the University of London. Non-executive Director of
Actis Capital LLP, and HMG Department for Constitutional Affairs. Trustee of Cutty Sark Trust. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>B&ouml;rje Ekholm (elected 2006) </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Member of the Remuneration Committee </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1963, Master of Science in Electrical Engineering, Royal Institute of Technology, Stockholm.
Master of Business Administration, Insead, France. <B>Board member: </B>AB Chalmersinvest, Greenway Medical Techn. Inc. and Husqvarna AB. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000">:</FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> 58,803 Class B shares </FONT></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><B>Principal work experience and other information: </B>President and CEO of Investor AB since 2005. Prior to this, B&ouml;rje Ekholm was head of Investor Growth Capital Inc and New Investments. Previous positions at Novare Kapital AB and
McKinsey&nbsp;&amp; Co Inc. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Katherine M. Hudson (elected 2006) </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1947, Bachelor of Science in Management, Indiana University, USA. <B>Board member </B>(and
Lead Director): Charming Shoppes Inc. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">:</FONT></B><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"> 52,000 Class B shares </FONT></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Principal work experience and other information: </B>President and CEO of Brady
Corporation 1994&#150;2003. Management positions with Eastman Kodak Company, where she was employed for 24 years. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="10%" SIZE="1" NOSHADE
COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The number of Class B shares (and Class&nbsp;A shares and options, if applicable) includes holdings by related natural or legal persons. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">172 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000"
ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The number of Class B shares (and Class&nbsp;A shares and options, if applicable) includes holdings by related natural or legal persons. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Ulf J. Johansson (first elected 2005) </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Member of the Audit Committee </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT
FACE="Times New Roman" SIZE="2">Born 1945, Doctor of Technology and Master of Science in Electrical Engineering, Royal Institute of Technology, Stockholm. <B>Board Chairman: </B>Acando AB, Eurostep Group AB, Novo A/S, and Novo Nordisk Foundation.
<B>Board member:</B> Trimble Navigation Ltd. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">:</FONT></B><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"> 32,176 Class B shares </FONT></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Principal work experience and other information: </B>Founder of Europolitan Vodafone AB,
where he was the Chairman of the Board 1990&#150;2005. Previous positions at Spectra-Physics AB, where he was the President and CEO, Ericsson Radio Systems AB. Member of the Royal Academy of Engineering Sciences. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Nancy McKinstry (first elected 2004) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Member of the Remuneration
Committee </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Born 1959, Master of Business Administration in Finance and Marketing, Columbia University, USA. Bachelor of Arts in
Economics, University of Rhode Island, USA. <B>Board Chairman:</B> CEO and Chairman of the Executive Board of Wolters Kluwer n.v. <B>Board member: </B>The American Chamber of Commerce, the Netherlands, and Tias Nimbas Business School. <B>Holdings in
Ericsson: </B>None </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Principal work experience and other information: </B>CEO and Chairman of the Executive Board of Wolters Kluwer n.v.
President and CEO of CCH Legal Information Services (1996&#150;1999). Previous positions at Booz, Allen&nbsp;&amp; Hamilton, and New England Telephone Company. Member of the Advisory Council of ABN AMRO Holding n.v. and the Advisory Board of the
University of Rhode Island. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Anders Nyr&eacute;n (elected 2006) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><I>Member of the Finance Committee </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1954, Graduate from Stockholm
School of Economics, Master of Business Administration from Anderson School of Management, UCLA, USA. <B>Board Chairman: </B>Association of Exchange Listed Companies and Association for Generally Accepted Principles in the Securities Market.
<B>Deputy Chairman: </B>Sandvik AB, Svenska Han-delsbanken. <B>Board member: </B>Svenska Cellulosa Aktiebolaget SCA AB, Industriv&auml;rden, Skanska, SSAB, and Ernstr&ouml;msgruppen. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1"
COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">:</FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> 33,428 Class B shares </FONT></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Principal work experience and other information: </B>President and CEO of Industriv&auml;rden since 2001. CFO and EVP of Skanska AB 1997&#150;2001.
Nordbanken 1996&#150;1997. CFO and EVP of Securum AB 1992&#150;1996. Managing Director of OM International AB 1987&#150;1992. Earlier positions at STC Scandinavian Trading Co AB and AB Wilhelm Becker. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Carl-Henric Svanberg (first elected 2003) </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1952, Master of Science, Link&ouml;ping Institute of Technology. Bachelor of Science in
Business Administration, University of Uppsala. <B>Board Chairman:</B> Sony Ericsson Mobile Communications AB. <B>Deputy Chairman: </B>Assa Abloy AB. <B>Board member:</B> The Confederation of Swedish Enterprise and Hexagon. <B>Holdings in
Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">:</FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> 15,683,577 Class B shares </FONT></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Principal work experience and other information: </B>President and CEO of Telefonaktiebolaget LM Ericsson since 2003. Prior to this, Carl-Henric
Svanberg was the President and CEO of Assa Abloy AB (1994&#150; </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">173 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">2003). Various positions within Securitas AB (1986&#150;1994)&nbsp;and ABB Group (1977&#150;1985). Carl-Henric Svanberg does not have material shareholdings
or part ownerships in companies with which the Company has material business relationships. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>BOARD MEMBERS AND DEPUTIES APPOINTED BY THE UNIONS:
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Jan Hedlund (first appointed 1994) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Employee
representative. </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Member of the Audit Committee </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1946. Appointed by the union IF Metall. <B>Holdings in Ericsson<FONT FACE="Times New Roman"
SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">:</FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> 1,603 Class B shares </FONT></FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Monica Bergstr&ouml;m (first appointed 1998) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Employee
representative. </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Member of the Remuneration Committee </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1961. Appointed by the union SIF. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1"
COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">:</FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> 3,694 Class B shares </FONT></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Torbj&ouml;rn Nyman (first appointed 2004) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Employee representative. </I></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Member of the Finance Committee </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1961. Appointed by the union The Swedish Association of Graduate Engineers. <B>Holdings in
Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">:</FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> 10,440 Class B shares </FONT></FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Per Lindh (first appointed 1994) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Deputy employee representative.
</I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1957. Appointed by the union SIF. <B>Holdings in Ericsson<FONT
FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">:</FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> 203 Class B shares </FONT></FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Anna Guldstrand (first appointed 2004) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Deputy employee
representative. </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1964. Appointed by the union The Swedish Association of
Graduate Engineers. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">:</FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> 4,146
Class B shares, 900 options. </FONT></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Kristina Davidsson (appointed 2006) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><I>Deputy employee representative. </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1955.
Appointed by the union IF Metall. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">:</FONT></B><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"> 1,026 Class B shares </FONT></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Carl-Henric Svanberg is the only Director who holds an operational management position at
Ericsson. No Director has been elected pursuant to an arrangement or understanding with any major shareholder, customer, supplier or other person. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR
WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The number of Class B shares (and Class&nbsp;A shares and options, if applicable) includes holdings by related natural or legal persons. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">174 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>COMPANY MANAGEMENT </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>THE PRESIDENT AND
CHIEF EXECUTIVE OFFICER&#151;OPERATIONAL MANAGEMENT </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Board of Directors appoints the President and CEO and the Executive Vice
Presidents. Management of day-to-day operations is the responsibility of the President and CEO and the Group Management Team which, in addition to the President and CEO, consist of the Chief Financial Officer, the Chief Technology Officer, the heads
of Group Functions and the heads of Business Units Access, Systems, Global Services and Business Unit Broadband Networks. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>GROUP FUNCTIONS
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson&#146;s Group Functions perform tasks pertaining to group-wide matters that logically do not fall into a specific operational
unit: Communications, Finance, Human Resources&nbsp;&amp; Organization, Legal Affairs, Operational Excellence, Research&nbsp;&amp; Development, Sales&nbsp;&amp; Marketing, and Strategy&nbsp;&amp; Product Management. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Group Functions formulate Group strategy, issue policies and directives, perform business control, resource allocation and risk management. They are
also responsible for consolidation and reporting of financial performance, financing and cash management, legal issues, communication with various stakeholders including employees, investors, press and media as well as coordination and
administration of a number of Group-wide issues. Other important Group-wide matters, such as Corporate Responsibility, are managed by Group Functions in conjunction with a network of experts from various parts of the Company. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>OPERATIONAL UNITS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our operations are carried out in
three business segments; Systems, Phones and Other Operations. Systems, our largest segment, is organized into business units responsible for the provision of products and services, and market units, responsible for marketing, sales and customer
support. For more information regarding our business segments and information on the new organisation effective as from January&nbsp;1, 2007, please see the &#147;Board of Directors&#146; Report&#148; and &#147;Information on the Company&#148; in
the Annual Report. Management of each operating unit has significant authority and responsibility in relation to day-to-day operations, while governance is carried out by steering committees that include representatives of the Group Management Team,
the Extended Management Team and the unit&#146;s own management. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>MEMBERS OF THE GROUP MANAGEMENT TEAM </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Carl-Henric Svanberg </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>President and CEO and member of the Board of
Directors (since 2003) </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1952, Master of Science, Link&ouml;ping Institute of
Technology, Bachelor of Science in Business Administration, University of Uppsala. <B>Chairman:</B> Sony Ericsson Mobile Communications AB. <B>Deputy Chairman: </B>Assa Abloy AB. <B>Board member: </B>The Confederation of Swedish Enterprise and
Hexagon. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">: </FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">15,683,577 Class B
shares <B> </B></FONT></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Background: </B>President and CEO of Assa Abloy AB (1994&#150;2003). Various positions within Securitas
AB&nbsp;(1986&#150;1994)&nbsp;and ABB Group (1977&#150;1985). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The number of Class B shares (and Class&nbsp;A shares, if applicable) includes holdings by related natural or legal persons. Options and matching rights are reported in Notes to the
Consolidated Financial Statements &#151;Note C29, &#147;Information Regarding Employees, Members of the Board of Directors and Management&#148; in the Annual Report. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">175 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Karl-Henrik Sundstr&ouml;m </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Executive
Vice President and Chief Financial Officer and head of Group Function Finance (since 2003) </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT
FACE="Times New Roman" SIZE="2">Born 1960, Bachelor in Finance, University of Uppsala, Advanced Management Program, Harvard Business School, USA. <B>Board member: </B>Sony Ericsson Mobile Communications AB. <B>Holdings in Ericsson<FONT
FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">: </FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">34,230 Class B shares <B> </B></FONT></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Background: </B>Prior to assuming his position, Karl-Henrik Sundstr&ouml;m was head of Business Unit Global Services. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Kurt Jofs </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Executive Vice President and head of Business Unit
Access (since 2004) </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1958, Master of Science, Royal Institute of Technology,
Stockholm. <B>Board Chairman: </B>Peoples Travel Group. <B>Board member: </B>Sony Ericsson Mobile Communications AB. <B>Holdings in Ericsson <FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman"
SIZE="2" COLOR="#000000">:</FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> 229,522 Class B shares <B> </B></FONT></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><B>Background: </B>President and CEO of Linjebuss and ABB Ventilation Products. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Bert Nordberg </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Executive Vice President and head of Group Function Sales&nbsp;&amp; Marketing (since 2004) </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1956, Bachelor in Electronic Engineering, Malm&ouml;, Engineer in the Marines, Berga,
university courses in International Management, Marketing and Finance, Insead University, France. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000">: </FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">43,817 Class B shares <B> </B></FONT></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Background:
</B>Prior to assuming this position, Bert Nordberg was head of Business Unit Systems and held other various positions within Ericsson. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Bj&ouml;rn
Olsson </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Executive Vice President and head of Business Unit Systems (since 2004) </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1956, Master of Science in Industrial Engineering and Management, Link&ouml;ping Institute of
Technology. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">: </FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">40,176 Class B
shares <B> </B></FONT></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Background: </B>Prior to assuming this position, Bj&ouml;rn Olsson was Chief Information Officer. He has held
various positions within Ericsson since 1981. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Hans Vestberg </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><I>Executive Vice President and head of Business Unit Global Services (since 2003, appointed Executive Vice President in 2005) </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1965, Bachelor in Business Administration, University of Uppsala. <B>Holdings in Ericsson<FONT
FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">: </FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">27,364 Class B shares <B> </B></FONT></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Background: </B>Previous to his current position, Hans Vestberg was Vice President and head of Market Unit Mexico (2002&#150;2003). Hans Vestberg has
held various positions in the Company since 1988. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The number of Class B shares (and Class&nbsp;A shares, if applicable) includes holdings by related natural or legal persons. Options and matching rights are reported in Notes to the
Consolidated Financial Statements &#151;Note C29, &#147;Information Regarding Employees, Members of the Board of Directors and Management&#148; in the Annual Report. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">176 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Marita Hellberg </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Senior Vice
President and head of Group Function Human Resources&nbsp;&amp; Organization (since 2003) </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman"
SIZE="2">Born 1955, Bachelor in Social Studies, Stockholm University, Advanced Management Program, Cedep, France. <B>Board member: </B>Utbildningsradion, and Teknikf&ouml;retagen. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1"
COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">: </FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">47,091 Class B shares <B> </B></FONT></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Background: </B>Prior to assuming this position Marita Hellberg was Senior Vice President of Human Resources of NCC Group. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Torbj&ouml;rn Nilsson </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Senior Vice President (since 1998) and head
of Group Function Strategy&nbsp;&amp; Product Management (since 2003) </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1953,
Master of Science, Lund&#146;s University, Master of Business Administration, Stockholm University. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000">: </FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">69 541 Class B shares <B> </B></FONT></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Background:
</B>Prior to his position above, Torbj&ouml;rn Nilsson was head of Group Function Marketing&nbsp;&amp; Strategic Business Development. Torbj&ouml;rn Nilsson has held various management positions within the Company since 1978. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Carl Olof Blomqvist </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Senior Vice President, General Counsel and
head of Group Function Legal Affairs (since 1999) </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1951, Master of Law, LLM,
University of Uppsala, Sweden. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">: </FONT></B><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000">6,080 Class&nbsp;A shares and 46,491 Class B shares <B> </B></FONT></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Background: </B>Prior to assuming this position,
Carl Olof Blomqvist was a partner of Mannheimer Swartling law firm. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Henry St&eacute;nson </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Senior Vice President and head of Group Function Communications (since 2002) </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1955, Studied law, sociology and political science, Link&ouml;ping University and at the
Swedish War Academy, Karlberg, Stockholm. <B>Board member: </B>Studsvik and the Stockholm Chamber of Commerce. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> 1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000">: </FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">42,574 Class B shares <B> </B></FONT></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Background:
</B>Prior to assuming his position above, Henry St&eacute;nson was head of SAS Group Communication, SAS AB. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>H&aring;kan Eriksson </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Senior Vice President, Chief Technology Officer and head of Group Function Research&nbsp;&amp; Development (since 2004) </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1961, Master of Science and Honorary Ph D, Link&ouml;ping Institute of Technology. <B>Deputy
Chairman:</B> Section XI, Research and Education, Swedish Royal Engineering Academy. <B>Board member:</B> Link&ouml;ping University, Anoto. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>
</SUP><SUP>1)</SUP><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">: </FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">22,980 Class B shares <B> </B></FONT></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Background: </B>Prior to assuming this position, H&aring;kan Eriksson was Senior Vice President and head of Research&nbsp;&amp; Development. He has
held various positions within Ericsson since 1986. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The number of Class B shares (and Class&nbsp;A shares, if applicable) includes holdings by related natural or legal persons. Options and matching rights are reported in Notes to the
Consolidated Financial Statements &#151;Note C29, &#147;Information Regarding Employees, Members of the Board of Directors and Management&#148; in the Annual Report. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">177 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Joakim Westh </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Senior Vice President
and head of Group Function Operational Excellence (since 2004) </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1961, Master
of Science, Royal Institute of Technology, Stockholm, Master of Science within Aeronautics&nbsp;&amp; Astronautics, MIT, Boston, USA. <B>Board chairman: </B>Absolent AB. <B>Board member: </B>VKR Holding A/S. <B>Holdings in Ericsson<FONT
FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">:</FONT></B><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> 124,886 Class B shares <B> </B></FONT></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Background: </B>Member of Assa Abloy Executive Management Team. Before this, Joakim Westh was a partner with McKinsey&nbsp;&amp; Co. Inc. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Sivert Bergman </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Senior Vice President and head of Business Unit
Broadband Networks (since 2006) </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">Born 1946, Senior high school degree of Electric
Engineering, Trollh&auml;ttan, complemented with studies in mathematics. <B>Holdings in Ericsson<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">:</FONT></B><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000"> 7,260 Class B shares <B> </B></FONT></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Background: </B>Prior to assuming this position,
Sivert Bergman was head of Business Unit Transmission and Transport Networks. Sivert Bergman has held various management positions in the Company since 1979. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>EXTENDED MANAGEMENT TEAM </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Extended Management Team consists of the officers of the Group Management Team and:
</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Cesare Aven&iacute;a, Vice President and head of Market Unit South East Europe. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Rory Buckley, Vice President and head of Market Unit North East Asia; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ragnar B&auml;ck, Chairman of the Market Units within the Central and Eastern Europe, Middle East&nbsp;&amp; Africa (CEMA) regions; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Jan Campbell, Vice President and head of Market Unit Central Europe; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Mats Granryd, Vice President and head of Market Unit India&nbsp;&amp; Sri Lanka; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Jef Keustermans, Vice President and head of Market Unit Northern Europe; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ingemar Naeve, Vice President and head of Market Unit Iberia and Global Customer Account executive Telef&oacute;nica; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Mats Olsson, Vice President and head of Market Unit Greater China; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Torbj&ouml;rn Possne, Vice President and Global Customer Account executive Deutsche Telekom; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Angel Ruiz, Vice President and head of Market Unit North America; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Jan Signell, Vice President and head of Market Unit South East Asia; and </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Gerhard Weise, Vice President and head of Market Unit Mexico. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">During 2006, the officers below were also members of the Extended Management Team of the Company: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Sandeep Chennakeshu: former President Ericsson Mobile Platforms AB. Sandeep Chennakeshu left the Company on April&nbsp;29, 2006. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Kinson Loo: former Vice President and Global Customer Account executive for Hutchison. Kinson Loo left the Company on June&nbsp;30, 2006.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Anders Olin: former Vice President and Global Customer Account executive Vodafone. Anders Olin was appointed head of Sales&nbsp;&amp; Marketing, Western Europe,
within Group Function Sales&nbsp;&amp; Marketing on October&nbsp;1, 2006. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">178 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The number of Class B shares (and Class&nbsp;A shares, if applicable) includes holdings by related natural or legal persons. Options and matching rights are reported in Notes to the
Consolidated Financial Statements &#151;Note C29, &#147;Information Regarding Employees, Members of the Board of Directors and Management&#148; in the Annual Report. </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Extended Management Team members are not involved in any business activities that compete with or in any other way
negatively affect Ericsson&#146;s business. None of the Extended Management Team members have been appointed by arrangement or understanding with shareholders, customers, suppliers or other parties. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>COMPENSATION TO TOP EXECUTIVES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Principles for
remuneration and other employment terms for Ericsson&#146;s top executives were approved by the Annual General Meeting of Shareholders 2006. For further information on compensation, fixed and variable pay, see Notes to the Consolidated Financial
Statements&#151;Note C29, &#147;Information Regarding Employees, Members of the Board of Directors and Management&#148; in the Annual Report. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>AUDITORS
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson&#146;s external, independent auditors are elected by the shareholders at the Annual General Meeting for a period of four
years. The auditors report to the shareholders at Shareholders&#146; Meetings. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The auditors; </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">update the Board of Directors regarding the planning, scope and content of the annual audit; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">examine the year-end financial statements and report findings to assess accuracy and completeness of the accounts and adherence to accounting procedures and
principles; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">advise the Board of Directors of additional services performed (non-auditing), the consideration paid and other issues that are needed to determine the
auditors&#146; independence. For further information on the contacts between the Board and the auditors, please see &#147;Work of the Board of Directors&#148; above. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">All Ericsson quarterly reports are reviewed by our auditors. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>STATUTORY AUDITORS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Peter Clemedtson </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Authorized Public Accountant, PricewaterhouseCoopers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Elected 2004 (as successor for the remaining mandate
period of Carl-Eric Bohlin) until 2007. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Audit services performed in other large companies such as: Electrolux, KMT, Medivir, OMX, SEB.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Bo Hjalmarsson </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Authorized Public
Accountant, PricewaterhouseCoopers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Elected 2003 until 2007. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Audit services performed in other large companies such as OMX, Sony Ericsson, Lundin Petroleum, Vostok&nbsp;Nafta. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Thomas Thiel </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Authorized Public Accountant, KPMG.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Elected 2003 until 2007. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Audit services performed in other large companies such as Atlas Copco, Folksam, Handelsbanken, Holmen, Peab, Ratos, SKF, Swedish Match, Kungsleden. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">179 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>DEPUTY AUDITORS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Jeanette Skoglund
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Authorized Public Accountant, PricewaterhouseCoopers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Elected 2003 until 2007. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Audit services performed in several large subsidiaries of global companies such
as TDC Song. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Robert Barnden </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Authorized Public Accountant, PricewaterhouseCoopers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Elected 2004 (as successor for the remaining mandate period of Peter
Clemedtson) until 2007. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Audit services performed in other large companies such as: AcandoFrontec, Nobia, SCA, Seco Tools, VSM&nbsp;Group.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Stefan Holmstr&ouml;m </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Authorized
Public Accountant, KPMG. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Elected 2003 until 2007. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Audit services performed in other large companies such as: L&auml;nsf&ouml;rs&auml;kringar, Posten, Swedish Meats, V&amp;S Vin&nbsp;&amp; Sprit. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>FEES PAID TO EXTERNAL AUDITORS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson paid the fees (including expenses) listed in the table in
Notes to the Consolidated Financial Statements&#151;Note C31, &#147;Fees to auditors&#148; in the Annual Report for audit-related and other services. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The Audit Committee reviews and pre-approves any non-audit services to be performed by the external auditors to ensure the auditors&#146; independence. Services other than audit services provided by the auditors from
2004 to 2006 are described in Notes to the Consolidated Financial Statements&#151;Note C31, &#147;Fees to auditors&#148; in the Annual Report. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>AUDIT
COMMITTEE PRE-APPROVAL POLICIES AND PROCEDURES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee makes recommendations to the Board of Directors regarding the
auditors&#146; performance and fees. It reviews the scope and execution of audits performed (external and internal) and analyzes the result and the cost. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The Audit Committee has established pre-approval policies and procedures for services other than audits performed by the external auditors. Such services fall into two broad headings: <I> </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><I>General Pre-Approval </I>services that can be pre-approved by the Audit Committee without consideration to specific case-by-case service. Tax,
transaction, risk management, corporate finance, attestation and accounting services and general services have received a general pre-approval of the Audit Committee, provided that the estimated fee level for the project does not exceed SEK 1
million. The external auditors must advise the Audit Committee of services rendered under the general pre-approval policy. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><I>Specific
Pre-Approval</I>&#151;all other audit-related, tax and other services must receive specific pre-approval. The Audit Committee Chairman has the delegated authority for specific pre-approval, providing service fees do not exceed SEK 2.5 million. The
Chairman reports any pre-approval decisions to the Audit Committee at its </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">180 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">scheduled meetings. For other matters, an auditor submits an application to the CFO. If supported by the CFO, the application is presented to the Audit
Committee for final approval. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Pre-approval authority may not be delegated to management. The policies and procedures include a list of
prohibited services. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>DISCLOSURE CONTROLS AND PROCEDURES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Ericsson has controls and procedures in place to make sure that information to be disclosed under the Securities Exchange Act of 1934, and under Ericsson&#146;s agreements with the Stockholm and London stock exchanges
and NASDAQ is done so on time, and that such information is provided to management, including the CEO and CFO, so that timely decisions can be made regarding required disclosure. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">To assist managers in fulfilling their responsibility with regard to disclosures made by the Company to its security holders and the investment
community, a Disclosure Committee was established in 2003. One of the main tasks of the Disclosure Committee is to monitor the integrity and effectiveness of the Company&#146;s disclosure controls and procedures. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Further, Ericsson has investments in certain entities that Ericsson does not control or manage. Accordingly, our disclosure controls and procedures with
respect to such entities are necessarily substantially more limited than those we maintain with respect to our subsidiaries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">During the
year, management, with the participation of Ericsson&#146;s President and CEO and CFO, supervised and participated in an evaluation of the effectiveness of our disclosure controls and procedures. As a result, Ericsson&#146;s President and CEO and
CFO concluded that the disclosure controls and procedures were effective at a reasonable assurance level. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">There were no changes to our
internal control over financial reporting during the period covered by the Annual Report 2006 that have materially affected, or are likely to materially affect, our internal control over financial reporting. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>ERICSSON&#146;S DISCLOSURE POLICIES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson&#146;s
financial disclosure policies are designed to give transparent, informative and consistent communication with the investment community on a fair and equal basis, which will reflect in a fair market value for Ericsson shares. We want our shareholders
and potential investors to have a good understanding of how our Company works, our operational performance, what our prospects are and the risks we face that these opportunities may not be realized. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">To continue to achieve these goals, our financial reporting and disclosure must be: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Transparent&#151;our disclosure should enhance understanding of the economic drivers and operational performance of our business, hence building trust and
credibility. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Consistent&#151;we aim for consistent and comparable disclosure within and between reporting periods. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Simple&#151;information should be provided in as simple a manner as possible, so readers gain the appropriate level of understanding of our business operations and
performance. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Relevant&#151;we focus our disclosure on what is relevant to Ericsson&#146;s stakeholders or required by regulation or listing agreements, to avoid information
overload. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Timely&#151;we utilize well-established disclosure controls and procedures to ensure that all disclosures are complete, accurate and performed on a timely basis.
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">181 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Fair and equal&#151;we publish all material information via press releases to ensure everyone receives the information at the same time.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">A reflection of best practice&#151;we strive to ensure that our disclosure is in line with industry norms and, if possible, lead the way to improved best-in-class
standards. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our website (www.ericsson.com/investors) includes comprehensive information on Ericsson, including an archive
of our annual and interim reports, on-demand-access to recent news and copies of presentations given by senior management at industry conferences. Information on our website does not form part of this document. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>INDEPENDENCE REQUIREMENTS ON THE BOARD </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Ericsson
Board of Directors is subject to, and complies with, a variety of independence requirements. However, it has sought and received exemptions from those NASDAQ requirements that are contrary to Swedish Law, see &#147;NASDAQ Corporate Governance
Exemptions&#148; below. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Stockholm Stock Exchange listing requirements </B></FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Only one person from senior management may be a member of the board (applies also to senior management in the company&#146;s subsidiaries).
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">The majority of the directors elected by the shareholders&#146; meetings (employee representatives not included) must be independent of the company and its
management. An overall assessment should be made in each case in order to consider whether a director is independent or not. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">At least two of the directors who are independent of the company and its management must also be independent of the company&#146;s major shareholders. One of these
directors must be experienced in requirements placed on a listed company. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>The Swedish Code of Corporate Governance </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Independence requirements on the board of directors (excluding employee representatives): </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Only one person from the senior management may be a member of the board. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">A majority of the directors elected by the shareholders&#146; meetings must be independent of the company and its management. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">At least two of the directors who are independent of the company and its management must also be independent of the company&#146;s major shareholders.
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Independence requirements on the Audit Committee: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">The majority of Audit Committee members must be independent of the company and senior management. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">At least one member of the committee must be independent of the company&#146;s major shareholders. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">A board member who is part of senior management may not be a member of the audit committee. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Independence requirements on the remuneration committee: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Committee members must be independent of the company and the senior management. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>The NASDAQ Marketplace Rules </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Independence requirements on the board of directors: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">A majority of the members of the board of directors must be independent within the meaning of the NASDAQ rules. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">182 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson has obtained an exemption from NASDAQ allowing employee representative directors to be exempt from NASDAQ&#146;s
independence requirements. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Sarbanes-Oxley Act of 2002 and corresponding NASDAQ rules </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Independence requirements on the audit committee: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">All members of the audit committee must be independent within the meaning of the Sarbanes-Oxley Act of 2002. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Sarbanes-Oxley Act of 2002 includes a specific exemption for non-executive employee representatives. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>NASDAQ Corporate Governance Exemptions </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Pursuant to a
2005 amendment to NASDAQ&#146;s Marketplace Rules, foreign private issuers such as Ericsson may follow home- country practice in lieu of certain NASDAQ corporate governance requirements. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Before the amendment was adopted, NASDAQ&#146;s Marketplace Rules provided that foreign private issuers could, upon application, be exempt from certain
of its corporate governance requirements when these requirements were contrary to the laws, rules or regulations, or generally accepted business practices of the issuer&#146;s home jurisdiction. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson has received (and is entitled to continue to rely thereon under the 2005 amendment) exemptions from NASDAQ&#146;s corporate governance
requirements under the Marketplace Rules in order to allow: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Employee representatives to be elected to the Board of Directors and serve on its Committees (including the Audit Committee), in accordance with Swedish law.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Shareholders to participate in the election of Directors and the Nomination Committee, in accordance with Swedish law and common market practice respectively.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Employee representatives on the Board to attend all Board and all Committee meetings (including the Audit Committee), in accordance with Swedish laws concerning
attendance and decision making processes. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In addition, Ericsson relies on the exemption provided by the 2005 amendment
to overcome contradictions between NASDAQ and Swedish law requirements regarding quorums for its meetings of holders of common stock. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>INTERNAL CONTROL
OVER FINANCIAL REPORTING FOR YEAR 2006 </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">According to the Swedish Companies Act and the Swedish Code of Corporate Governance, the Board
of Directors shall ensure that the Company has satisfactory internal controls and keep itself informed of the Company&#146;s internal control system and assess how well it is working. This report has been prepared in accordance with the Swedish Code
of Corporate Governance, section 3.7.2, and is thereby limited to internal control over financial reporting. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Swedish Corporate
Governance Board has made a pronouncement regarding the Board of Directors&#146; reporting on internal control under the Code to the effect that: this report is to be included as a part of the Corporate Governance Report; it is not necessary for the
Board of Directors to make a statement of how well the internal control over financial reporting has worked; and the Internal Control Report does not have to be examined by the auditors. In accordance with this pronouncement, we are not making any
such statement in this report for 2006 and this report has not been examined by our auditors. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As the Company is listed in the United
States, the requirements in SOX section 404 regarding assessment of the effectiveness of internal controls over financial reporting are applicable as from the fiscal year 2006. The </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">183 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Company has implemented detailed controls, documentation and testing procedures in accordance with the COSO framework, issued by the Committee Of Sponsoring
Organizations of the Treadway Commission, to ensure compliance with SOX 404. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>INTERNAL CONTROL OVER THE FINANCIAL REPORTING </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson has integrated risk management and internal control in its business processes. As defined in the COSO framework for internal control, components
of internal control are: a control environment, risk assessment, control activities, information and communication, and monitoring. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Control environment
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Company&#146;s internal control structure is based on: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">the division of work between the Board of Directors and its Committees and the President and CEO; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">a management system based on </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">the Company&#146;s organization and mode of operations, with well-defined roles and responsibilities and delegations of authority; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">steering documents such as policies and directives, including a code of business ethics and conduct; and </FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">a number of well-defined planning, operational and support processes. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The most essential parts of the control environment regarding the financial reporting are included in steering documents related to accounting and
financial reporting. Such steering documents are updated regularly for changes to, for example, laws, financial reporting standards and listing requirements, such as IFRS and SOX in the United States. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Risk assessment </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Risks related to financial reporting
are fraud and loss or embezzlement of assets, undue favorable treatment of counter-parties at the expense of the Company, and other risks of material misstatements in the financial statements, for example those related to recognition and measurement
of assets, liabilities, revenue and cost or insufficient disclosure. Ericsson is managed through common processes, where risk management is integrated, applying various methods for risk assessment and control, to ensure that the risks the Company is
exposed to are managed according to established policies. Accounting and reporting policies and directives cover areas of particular significance to support correct accounting, reporting and disclosure. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Control activities </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Company&#146;s business
processes include financial controls regarding approval and accounting for business transactions. The financial closing and reporting process has controls regarding recognition, measurement and disclosure, including the application of critical
accounting policies and estimates, in consolidated companies as well as on Group level. All legal entities, business units and market units in Ericsson have their own controller functions participating in planning and evaluation of each unit&#146;s
performance. Their regular analysis of the financial reports for their respective units, together with analysis performed at Group level, is an important element of the internal control to ensure that the financial reports do not contain material
errors. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For external financial reporting purposes, additional controls that all disclosure requirements are fulfilled are performed by a
Disclosure Committee established by Company management. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">184 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Company has implemented controls to ensure that the financial reports are prepared in accordance with IFRS. The Company
also has detailed documentation of internal controls related to accounting and financial reporting, as well as monitoring of the performance and results of such controls, to ensure Ericsson can assess the effectiveness of the internal control in a
way that is compliant with SOX requirements. A thorough review of materiality levels related to the financial reports has resulted in implementation of detailed control documentation in a number of subsidiaries with significant scale of operations.
For other subsidiaries, overall controls related to the control environment and compliance with policies and directives related to financial reporting have been implemented. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Information and communication </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Company has information and communication channels supporting
completeness and correctness of financial reporting, for example, by making internal instructions and policies regarding accounting and financial reporting widely known and accessible to all employees concerned, as well as regular updates and
briefing documents regarding changes in accounting policies and reporting and disclosure requirements. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Legal and operational units make
regular financial and management reports to internal steering groups and Company management, including analysis and comments of financial performance and risks. The Board of Directors receives financial reports monthly. The Audit Committee has
established a &#147;whistle blower&#148; procedure for the reporting of violations in relation to accounting, internal controls and auditing matters. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Monitoring </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Company&#146;s financial performance is reviewed at each Board meeting. The committees of the Board fulfill
important monitoring functions regarding remuneration, borrowing, investments, customer financing, cash management, financial reporting and internal control. The Audit Committee and the Board of Directors review all interim and annual financial
reports before they are released to the market. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Company&#146;s process for financial reporting is reviewed annually by Management and
forms a basis for the evaluation of the internal management system and internal steering documents to ensure that these cover all significant areas related to financial reporting. Compliance with policies and directives is also monitored through
annual self assessments and representation letters from heads and controllers in all consolidated companies as well as from business units and market units. The Company has an internal audit function, reporting to the Audit Committee, which performs
independent audits. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">185 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>
<A NAME="rom36434_16"></A>MANAGEMENT&#146;S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson&#146;s management is
responsible for establishing and maintaining adequate internal control over financial reporting for the Company. Ericsson&#146;s internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and includes those policies and procedures that: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted
accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company&#146;s assets that could have a
material effect on the financial statements. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Although the purpose of internal control systems is to enable risks to be
optimally managed, all internal control systems, no matter how well designed, have inherent limitations which may not prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance
with respect to financial statement preparation and presentation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ericsson&#146;s management assessed the effectiveness of Ericsson&#146;s
internal control over financial reporting as of December&nbsp;31, 2006. In making this assessment, management used the criteria set forth in Internal Control&#151;Integrated Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission. Based on this assessment, management has concluded that, as of December&nbsp;31, 2006, Ericsson&#146;s internal control over financial reporting was effective. PricewaterhouseCoopers AB has issued an attestation report on
management&#146;s assessment of Ericsson&#146;s internal control over financial reporting. Their report appears on page 42. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">186 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>
<A NAME="rom36434_17"></A>SUPPLEMENTAL INFORMATION </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The following information is provided for purposes of complying with certain
requirements of Form 20-F which are not satisfied in full by the information in the Swedish Annual Report. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>EXCHANGE RATES </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The following tables provide information with respect to the exchange rate for SEK per USD 1.00, based on the noon buying rate for cable transfers in SEK
as certified for customs purposes by the Federal Reserve Bank of New York. The noon buying rate of June 4, 2007, was SEK 6.9161 per USD 1.00. The average is computed using the noon buying rate on the last business day of each month during the period
indicated. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="90%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Year ended December&nbsp;31</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Average</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2002</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9.6571</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2003</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8.0351</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.3320</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">2005</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.5170</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>2006</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>7.3718</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Month</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>High</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Low</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">September 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.3450</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.2410</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">October 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.4200</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.3072</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">November 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.2096</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.8331</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">December 2006</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.9204</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.7674</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">January 2007</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.0829</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.7818</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">February 2007</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.0839</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.9436</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">March 2007</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.1060</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.9622</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">April 2007</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.0057</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.6975</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>May 2007</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6.9376</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>6.7093</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We describe the effects of exchange rate fluctuations on our business in the Board of
Directors&#146; Report under the heading &#147;Risk Management&#148; and in the Notes to the Consolidated Financial Statements&#151;Note C20, &#147;Financial Risk Management and Financial Instruments.&#148; </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>OPERATING RESULTS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Years ended December&nbsp;31, 2005 and 2006
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Please refer to Board of Directors&#146; Report. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Years ended December&nbsp;31, 2004 and 2005 </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Net Sales </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%"><FONT
FACE="Times New Roman" SIZE="2"><I>Consolidated </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Consolidated net sales increased by SEK 15 percent, to SEK 151.8 billion in 2005 from
SEK 132.0 billion in 2004. The increase was mainly driven by sales in the Systems segment. The effect of fluctuations in foreign exchange rates was not significant on reported sales. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">187 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Systems </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Net sales in segment Systems increased by 17 percent, to SEK 142.0 billion in 2005 from SEK 121.5 billion in 2004. Unit volume increases drove mobile network sales growth while network buildout projects and professional services drove
growth of services sales. Sales of professional services were particularly encouraging as the Company was awarded a number of contracts for network management, including the largest contracts in Ericsson&#146;s history. Within fixed networks,
Ericsson was awarded a number of contracts for next-generation converged networks that include broadband access, IMS/softswitch and packet switching products. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">All regions increased their sales; Western Europe by 6 percent, Central and Eastern Europe, Middle East and Africa by 21 percent, Asia Pacific sales by 10 percent, North America by 27 percent and Latin America by
33&nbsp;percent. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Phones </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Since the transfer of the Phones segment to Sony Ericsson Mobile Communications, on October&nbsp;1, 2001, net sales are not reported for this segment. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT
FACE="Times New Roman" SIZE="2"><I>Other Operations </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Net sales decreased 6 percent to SEK 9.8 billion in 2005 from SEK 10.4 billion in
2004. There were positive sales developments within Mobile Platforms and Cables ( Network Technologies). These sales were not sufficient to compensate for lower sales by the other units within Other Operations. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Gross Margin </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Gross margin increased by 14 percent to
SEK 69.5 billion in 2005 compared with SEK 61.1 billion in 2004. The lower gross margins were mainly a reflection of a product mix that has a significantly higher proportion of services sales. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Operating Expenses </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Operating expenses in 2005 were
SEK 41.3 billion compared to SEK 39.3 billion in 2004. While sales increased 15 percent operating expenses increased only 5 percent. Operating expenses measured as a percentage of net sales decreased from 30 percent in 2004 to 27 percent in 2005,
reflecting ongoing efficiency improvements as well as the continued benefits of the cost reduction measures completed in 2004. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Research
and Development and Other Technical Expenses </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Research and development and other technical expenses increased by SEK 1.1 billion, or 4
percent, to SEK&nbsp;24.5 billion in 2005 compared with SEK 23.4 billion in 2004. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Selling and Administrative Expenses </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Selling expenses increased by SEK 0.9 billion, or 6 percent, to SEK 16.8 billion in 2005 compared with SEK 15.9 billion in 2004. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Other Items </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Other Operating income
</I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Other operating revenues decreased to SEK 2.5 billion in 2005 compared with SEK 2.6 billion in 2004. The main items included in Other
Operating income are license fees. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">188 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%"><FONT FACE="Times New Roman" SIZE="2"><I>Share in Earnings of Joint Ventures and Associated Companies </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Share in earnings of JV and associated companies were stable and improved by SEK 0.1 billion from SEK&nbsp;2.3 billion 2004 to 2.4 billion 2005. During
the year 2005 the joint venture also achieved the significant milestone of retained earnings exceeding cumulative losses. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Operating Income
</I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Operating Income increased by SEK 6.4 billion, from SEK 26.7 billion in 2004 to SEK 33.1 billion in 2005. The increase was mainly due
to increase of sales and high margins, reflecting strong market growth. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">During 2005 the operating expenses reflected ongoing efficiency
improvements. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Financial Income and Expenses </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Financial income decreased to SEK 2.7 billion in 2005 compared with SEK 3.5 billion in 2004. Financial expenses decreased SEK 1.6 billion to SEK 2.4 billion in 2005 compared with SEK 4.1 billion in 2004. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Taxes </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Tax cost was SEK 8.9 billion 2005 compared
with SEK 8.3 billion in 2004. The effective tax rate was 27&nbsp;percent in 2005. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As of December&nbsp;31, 2005, we had aggregate tax loss
carry-forwards of SEK 28.0 billion, SEK 27.3 billion of which will not expire until 2011 or later. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Minority Interest </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Net income attributable to minority interest after taxes was SEK 0.1 billion 2005, compared to SEK&nbsp;0.3&nbsp;billion in 2004. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Net Income/Loss </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As a result principally of the above
factors, the net income increased by SEK 6.7 billion from SEK&nbsp;17.8&nbsp;billion in 2004 to SEK 24.5 billion in 2005. Diluted earnings per share were SEK 1.53 in 2005 compared to SEK 1.11 in 2004. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>MEMORANDUM AND ARTICLES OF ASSOCIATION </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Telefonaktiebolaget LM Ericsson is entered under no. 556016&#150;0680 in the Company Register kept by the Swedish Companies Registration Office. Our Company&#146;s objective and purposes are described in &#167;2 of the Articles of
Association. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our Articles of Association do not stipulate anything regarding a) a director&#146;s power to vote on a proposal,
arrangement, or contract in which the director is materially interested, b) our directors&#146; power to vote for compensation to themselves, c) our directors&#146; borrowing powers, d) retirements rules for our directors or e) the number of shares
required for a director&#146;s qualification. Applicable provisions are found in the Swedish Companies Act, as referred to in &#147;Certain Powers of Directors and the President&#148; below. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">There are no age limit restrictions for directors and they are not required to own any shares in the Company. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">189 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Share Capital, Increases of Share Capital and Preferential Rights of Shareholders </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Articles of Association of Ericsson provide that the share capital of the Company may not be less than SEK 6,000&nbsp;million nor more than SEK
24,000&nbsp;million, and that the number of shares in the Company shall amount to no less than 6,000,000,000 and no more than 24,000,000,000. The registered share capital is SEK&nbsp;16,132,258,678 and the Company has in total issued SEK
16,132,258,678 shares. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Company&#146;s shares are divided into three series: Class&nbsp;A shares, Class B shares and Class C shares;
however, no Class C shares are currently outstanding. Under the Swedish Companies Act of 2005, applicable as of January&nbsp;1, 2006 (the &#147;Swedish Companies Act&#148;), shareholders must approve each issue of additional shares either by
deciding on the share issue at a shareholders&#146; meeting, or by a shareholders&#146; approval of a decision on a share issue by the Board, or by giving an authorization to the Board to decide about a share issue. If we decide to issue new
Class&nbsp;A, Class B and Class C shares by means of a cash issue, or an issue against payment through set-off of claims, Class&nbsp;A, Class B and Class C shareholders (except for Ericsson and its subsidiaries, in the event they hold shares in
Ericsson) have a primary preferential right to subscribe for new shares of the same type in relation to the number of shares previously held by them. Shares not subscribed for through a preferential right shall be offered to all shareholders for
subscription on a pro rata basis. If we decide to issue new shares of only one series by means of a cash issue or an issue against payment through set-off of claims, all shareholders, regardless of whether their shares are Class&nbsp;A, Class B or
Class C, are entitled to a preferential right to subscribe for new shares in proportion to the number of shares previously held by them. Shareholders may vote to waive shareholders&#146; preferential rights at a general meeting. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If we decide to issue warrants or convertibles through a cash issue or an issue against payment through set-off of claims, the shareholders have
preemptive rights to subscribe to warrants as if the issue were of the shares that may be subscribed to pursuant to the warrant and, respectively, preemptive rights to subscribe to convertibles as if the issue were of the shares that the
convertibles may be converted to. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The above does not constitute any restriction to waive the shareholders&#146; preferential rights when
deciding on either a cash issue, an issue against payment through set-off of claims, an issue of warrants or an issue of convertibles. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Dividends
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Our Class&nbsp;A and Class B shareholders have the same right to dividends, while Class C shareholders have a right to a yearly
dividend as described in article 15 of our Articles of Association. No Class C shares are currently outstanding. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Under Swedish law, only a
general meeting of shareholders may decide on payment of dividends, which may not exceed the amount proposed by the Board of Directors (except in certain limited circumstances), and may only be paid from funds legally available for that purpose.
Under Swedish law, no interim dividends may be paid in respect of any fiscal period for which audited financial statements of the company have not yet been adopted by the annual general meeting of shareholders. The market practice in Sweden is for
dividends to be paid annually. Under the Swedish Companies Act, dividends to shareholders and other transfers of value from a company&#151;such as purchases of own shares (see below)&#151;may only be made in case the company&#146;s restricted equity
remains fully covered after the transfer of value has been made. The calculation shall be based upon the most recently adopted balance sheet, and any changes in the restricted equity that has occurred after the balance sheet date shall be taken into
account. In addition, dividends to shareholders and other transfers of value from the company may only be made if this is justifiable taken into account the type of business activities of the company, their scope and risks related thereto and the
company&#146;s need for financial resources, its liquidity and position. In respect of parent companies, also the business activities of the group, their scope and risks related thereto and the group&#146;s need for financial resources, its
liquidity and position should be taken into account. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">190 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Company&#146;s shares are registered in the computerized book-entry share registration system administered by VPC AB
(&#147;VPC&#148;). The rights attached to shares eligible for dividends accrue to those persons whose names are recorded in the register of shareholders on the record day. The dividends are then sent to a specified account as directed by the person
registered with VPC, or to the address of that person. The relevant record day must, in most circumstances, be specified in the resolution declaring a dividend or resolving upon a capital increase or any similar matter in which shareholders have
preferential rights, or the Board of Directors must be authorized to determine the relevant record day. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Where the registered holder is a
nominee, the nominee receives, for the account of the beneficial owner, dividends and, on issues of shares with preferential rights for the shareholders, shares, as well as rights. Dividends are remitted in a single payment to the nominee who is
responsible for the distribution of such dividends to the beneficial owner. A similar procedure is adopted for share issues. Specific authority to act as a nominee must be obtained from VPC. The nominee must issue a public report to the VPC every
six months, listing all beneficial holders of more than 500 shares. VPC is required to keep a register with regard to any holding on behalf of a single beneficial owner in excess of 500 shares in any one company. This list must reveal the names of
the beneficial owner and must be open to public inspection. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Voting </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">In a general meeting of Ericsson, each Class&nbsp;A share shall carry one vote, each Class B share one tenth of one vote and each Class C share one-thousandth of one vote. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We are required to publish notices to attend annual general meetings no earlier than six weeks and no later than four weeks prior to the general meeting
and the same notice period requirements apply regarding extraordinary general meetings concerning changes in our articles of association. Notices to attend other types of extraordinary general meetings must be published no earlier than six weeks and
no later than two weeks prior to the general meeting. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Directors are elected during the annual general meeting for a period of one year at
a time and do not stand for reelection at staggered intervals. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A shareholder may attend and vote at the meeting in person or by proxy.
Proxies are not valid for longer than a year from the date of issuance. Any shareholder wishing to attend a general meeting must notify us no later than 4:00 p.m. (CET) on the day specified in the notice. We are required to accept all notifications
of attendance received at least five business days (Saturdays normally included) prior to the meeting. A person designated in the register as a nominee (including the depositary of the ADSs) is not entitled to vote at a general meeting, nor is a
beneficial owner whose share is registered in the name of a nominee (including the depositary of the ADSs) unless the beneficial owner first arranges to have such owner&#146;s own name entered in the register of shareholders maintained by VPC no
later than the designated record day. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Under the Swedish Companies Act, resolutions are passed by a simple majority of votes cast at the
meeting with the chairman of the meeting having a decisive vote (except in respect of elections), unless otherwise required by law or a company&#146;s articles of association. Under the Swedish Companies Act, certain resolutions require special
quorums and majorities, including, but not limited to, the following: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A&nbsp;&nbsp;&nbsp;&nbsp;a resolution to amend the
articles of association requires a majority of two-thirds of the votes cast as well as two-thirds of the shares represented at the meeting, except in those circumstances described in B&#151;D below; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">B&nbsp;&nbsp;&nbsp;&nbsp;a resolution to amend the articles of association which reduces any shareholder&#146;s rights to profits or
assets, restricts the transferability of shares or alters the legal relationship between shares, normally requires the unanimous approval of the shareholders present at the meeting and who hold nine-tenths of all outstanding shares; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">191 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">C&nbsp;&nbsp;&nbsp;&nbsp;a resolution to amend the articles of association for the purpose of limiting the
number of shares with which a shareholder may vote at a general meeting or allocating part of the net profit for the fiscal year to a restricted fund or limiting the use of the company&#146;s profits or assets in a liquidation or dissolution,
normally requires the approval of shareholders representing two-thirds of the votes cast and nine-tenths of the shares represented at the meeting; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">D&nbsp;&nbsp;&nbsp;&nbsp;a resolution of the kind referred to under B or C above may, however, be taken with a lower supermajority requirement if the amendments referred to therein will only adversely affect specific
shares or classes of shares. In such cases, the requirement under a above will apply together with the following separate supermajority: (a)&nbsp;where only a class of shares is adversely affected, approval of the owners of one-half of all shares of
such class and nine-tenths of the shares of such class represented at the meeting, or (b)&nbsp;where the shares adversely affected do not constitute a class of shares, the unanimous approval of all such affected outstanding shares present at the
meeting and who hold nine-tenths of all outstanding shares adversely affected; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">E&nbsp;&nbsp;&nbsp;&nbsp;a resolution to
issue, approve or authorize the issuance for cash of new shares, warrants or convertibles with a deviation from the preferential right for existing shareholders requires a two-thirds majority of votes cast at the meeting as well as two-thirds of the
shares represented at the meeting; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">F&nbsp;&nbsp;&nbsp;&nbsp;a resolution to reduce the outstanding share capital requires a
two-thirds majority of votes cast at the meeting as well as two-thirds of the shares represented at the meeting. In case there are several classes of shares in a company, the above described majority requirement shall apply also within each share
class represented at the meeting and for which the rights of the shares are adversely affected; and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">G&nbsp;&nbsp;&nbsp;&nbsp;a resolution to approve a merger requires a two-thirds majority of the votes cast at the meeting and two-thirds of the shares represented at the meeting. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">At a general meeting of shareholders, a shareholder or proxy for one or more shareholders may cast full number of votes represented by the holder&#146;s
shares. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Purchase of Own Shares </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A
public Swedish limited liability company whose shares are traded on a securities exchange, an authorized market place or another regulated market place is entitled to purchase its own shares under certain conditions. A purchase by us of our own
shares may take place only if (a)&nbsp;the purchase has been decided upon by a general meeting of shareholders or the Board has been authorized by a general meeting of shareholders, in both cases by a two thirds majority of votes cast at the meeting
as well as two-thirds of the shares present or represented at the meeting, (b)&nbsp;the purchase is effected on a securities exchange or in some other regulated market either in the European Economic Area (EEA) or outside the EEA (in the latter case
with the approval of the Swedish Financial Supervisory Authority the &#147;SFSA&#148;) or pursuant to an offer to all shareholders or holders of a specific class of shares, (c)&nbsp;the Company&#146;s restricted equity will still be fully covered
and the purchase is justifiable taken into account the type of business activities of the Company and the group, their scope and risks related thereto and the Company&#146;s and the group&#146;s need for financial resources, its liquidity and
position, and (d)&nbsp;we and our subsidiaries do not hold or, as a result of purchase, will not hold in excess of 10 percent of all our outstanding shares. As of December&nbsp;31, 2005, the Company held an aggregate of 268,065,241 repurchased Class
B shares. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Investment Restrictions </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">There are no limitations imposed by Swedish law or by our Articles of Association in respect of the rights of non-residents or foreign persons to purchase, own or sell securities issued by us. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">192 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">There are however certain flagging and ownership examination rules that apply, irrespective of nationality. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Pursuant to recommendations concerning the disclosure of acquisition and transfer of shares issued by N&auml;ringslivets B&ouml;rskommitt&eacute; (the
&#147;Swedish Industry and Commerce Stock Exchange Committee&#148;), any seller or purchaser of securities including shares of stock, convertible debt instruments, warrants, non-standardized options and futures of a Swedish company listed on
Stockholmsb&ouml;rsen, must report to Stockholmsb&ouml;rsen and to the company transactions in which the purchaser or seller acquires or disposes of 5 percent of any subsequent percentage that is a multiple of five, up to and including 90 percent of
either the voting rights of all shares or the total number of shares in the company. These changes in ownership should also be reported to an established news agency and to a nationally published newspaper in Sweden no later than 9:00 a.m. on the
day after which trading has been conducted on Stockholmsb&ouml;rsen. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In addition, according to the Swedish Financial Instruments Trading
Act, if a natural or legal person acquires or disposes of shareholdings in a Swedish company that has its shares listed on a stock exchange situated or operating within one or more EEA countries and, as a result of such acquisition or disposition,
holds voting rights equal to, in excess of or less than one of the thresholds of 10 percent, 20 percent, 33 percent, 50 percent or 66 percent, the person is required to notify the company in writing at the same time it notifies the stock exchange
or, if the shares are not listed in Sweden, the SFSA within seven calendar days of the acquisition or disposition. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In addition, the Act on
Reporting Obligations Regarding Certain Holdings of Financial Instruments requires, among other things, that certain individuals who own shares representing 10 percent or more of the share capital or the voting rights in a publicly traded company
report such ownership to the SFSA, which keeps a public register based on the information contained in such reports, and also to report any changes in such ownership within five business days (Saturdays normally included). </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>EXCHANGE CONTROLS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">There is no Swedish legislation
affecting a) the import or export of capital or b) the remittance of dividends, interest or other payments to non-resident holders of our securities except that, subject to the provisions in any tax treaty, dividends are subject to withholding tax.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">193 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>TAXATION </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>General </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The taxation discussion set forth below does not purport to be a complete analysis or listing of all potential tax effects relevant to the acquisition,
ownership or disposition of Class B shares or ADSs. The statements of United States and Swedish tax laws set forth below are based on the laws in force as of the date of this report and may be subject to any changes in United States or Swedish law,
and in any double taxation convention or treaty between the United States and Sweden, occurring after that date, which changes may then have retroactive effect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Specific tax provisions may apply for certain categories of tax payers. Your tax treatment if you are a holder of Class B shares or ADSs depends in part on your particular situation. If you are a holder of Class B
shares or ADSs, you should therefore consult a tax advisor as to the tax consequences relating to your particular circumstances resulting from the ownership of Class B shares or ADSs. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The tax consequences to holders of ADSs, as discussed below, apply equally to holders of Class B shares. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Certain Swedish Tax Considerations </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">This section
describes the material Swedish income and net wealth tax consequences for a holder of ADSs or Class B shares who is not considered to be a Swedish resident for Swedish tax purposes. This section applies to you only if you are a holder of portfolio
investments representing less than 10 percent of capital and votes and is not applicable if the ADSs or Class B shares pertain to a permanent establishment or fixed base of business in Sweden. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Taxation on Capital Gains </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Generally, non-residents
of Sweden are not liable for Swedish capital gains taxation with respect to the sale of ADSs or Class B shares. However, under Swedish tax law, capital gains from the sale of shares in Swedish companies and certain other securities by an individual
may be taxed in Sweden at a rate of 30 percent if the seller has been a resident of Sweden or has lived permanently in Sweden at any time during the year of the sale or the 10 calendar years preceding the year of the sale (absent treaty provisions
to the contrary). The provision is applicable on ADSs or Class B shares. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">This provision may, however, be limited by tax treaties that
Sweden has concluded with other countries. Under the tax treaty between Sweden and the United States (the &#147;U.S. Tax Treaty&#148;), this provision applies for ten years from the date the individual became a nonresident of Sweden. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Taxation on Dividends </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A Swedish dividend withholding
tax at a rate of 30 percent is imposed on dividends paid by a Swedish corporation, such as us, to non-residents of Sweden. The same withholding tax applies to certain other payments made by a Swedish corporation, including payments as a result of
redemption of shares and repurchase of stock through an offer directed to its shareholders. Exemption from the withholding tax or a lower tax rate may apply by virtue of a tax treaty. Under the U.S. Tax Treaty, the withholding tax on dividends paid
on portfolio investments to eligible U.S. holders is reduced to 15 percent. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Under all Swedish tax treaties, except the tax treaty with
Switzer-land, withholding tax at the applicable treaty rate should be withheld by the payer of the dividends. With regard to dividends paid from shares in corporations registered with the VPC (such as our shares), a reduced rate of dividend
withholding tax under a tax treaty is generally applied at the source by the VPC or, if the shares are registered with a nominee, the nominee, as long as the person entitled to the dividend is registered as a non-resident and sufficient information
regarding the tax residency of the beneficial owner is available to the VPC or the nominee. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">194 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In those cases where Swedish withholding tax is withheld at the rate of 30 percent and the person who received the dividends
is entitled to a reduced rate of withholding tax under a tax treaty, a refund may be claimed from the Swedish tax authorities before the end of the fifth calendar year following the year that the distribution was made. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Taxation on Interest </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">No Swedish withholding tax is
payable on interest paid to non-residents of Sweden. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Net Wealth Taxation </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The ADSs and Class B shares are not subject to Swedish net wealth taxation in the hands of a holder that is not resident in Sweden for tax purposes.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Certain United States Federal Income Tax Consequences </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">The following discussion is a summary of the material United States federal income tax consequences relevant to the ownership and disposition of ADSs or Class B shares. This discussion is based on the tax laws of the
United States (including the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), its legislative history, existing and proposed regulations thereunder, published rulings and court decisions) as in effect on the date hereof, all of
which are subject to change, possibly with retroactive effect. The discussion is not a full discussion of all tax considerations that may be relevant to the ownership and disposition of ADSs or Class B shares. The discussion applies only if you will
hold the ADSs and/or the Class B shares as capital assets and you use the USD as your functional currency. It does not deal with the tax treatment of investors subject to special rules, such as grantor trusts, real estate investment trusts,
regulated investment companies, banks, brokers or dealers in securities, traders in securities or currencies that elect to use a mark-to-market method of recording for their securities holdings, financial institutions, insurance companies,
tax-exempt entities, investors liable for alternative minimum tax, holders (either actually or constructively) of 10 percent or more of our Class B shares, persons holding ADSs and/or Class B shares as part of a hedging, straddle, conversion or
constructive sale transaction and persons who are resident or ordinarily resident in Sweden. In addition, investors holding ADSs and/or Class B shares indirectly through partnerships are subject to special rules not discussed below. You should
consult your own tax advisers about the United States federal, state, local and foreign tax consequences to you of the ownership and disposition of the ADSs or Class B shares. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The discussion below applies to you only if you are a beneficial owner of ADSs and/or Class B shares not resident in Sweden for purposes of the U.S. Tax
Treaty and you are, for United States federal income tax purposes, (1)&nbsp;a citizen or resident of the United States, (2)&nbsp;a corporation or any other entity treated as a corporation that is organized in or under the laws of the United States
or its political subdivisions, (3)&nbsp;a trust if all of the trust&#146;s substantial decisions are subject to the control of one or more United States persons and the primary supervision of the trust is subject to a United States court or if a
valid election is in effect with respect to the trust to be taxed as a United States person, or (4)&nbsp;an estate the income of which is subject to United States federal income taxation regardless of its source. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The discussion below assumes that the representations contained in the deposit agreement are true and that the obligations in the deposit agreement and
any related agreement will be complied with in accordance with the terms. If you hold ADSs, you will be treated as the holder of the underlying Class B shares represented by those ADSs for United States federal income tax purposes. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">195 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Taxation of ADSs or Class B shares </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%"><FONT
FACE="Times New Roman" SIZE="2"><I>Dividends </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Subject to the passive foreign investment company rules discussed below, the gross amount
of dividends paid (before reduction for any Swedish withholding taxes) with respect to the ADSs or Class B shares generally will be included in your gross income as ordinary income from foreign sources to the extent paid out of our current or
accumulated earnings and profits (as determined for United States federal income tax purposes). Distributions in excess of earnings and profits will be treated as a non-taxable return of capital to the extent of your adjusted tax basis in the ADSs
or Class B shares and thereafter as capital gain. The dividends will not be eligible for the dividends received deduction available to corporations in respect of dividends received from other U.S. corporations. The amount of any dividend paid in SEK
will be the U.S. dollar value of the dividend payment based on the exchange rate in effect on the date of receipt by you, in the case of Class B shares or by the depositary, in the case of ADSs, whether or not the payment is converted into USD at
that time. Your tax basis in the SEK received will equal such USD amount. Gain or loss, if any, recognized on a subsequent sale or conversion of the SEK will be U.S. source ordinary income or loss. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If you are a non-corporate holder of ADSs or Class B shares, dividends you receive on the ADSs or Class B shares for taxable years beginning before
January&nbsp;1, 2011, may be taxed at the lower applicable capital gains rate provided that (1)&nbsp;we are not a passive foreign investment company (as discussed below) for either our taxable year in which the dividend was paid or the preceding
taxable year, (2)&nbsp;certain holding period requirements are met and (3)&nbsp;either (a)&nbsp;our ADSs continue to be listed on the Nasdaq Stock Market (or a national securities exchange that is registered under section 6 of the Securities
Exchange Act of 1934, as amended) or (b)&nbsp;we are eligible for the benefits of the U.S. Tax Treaty. You should consult your own tax advisors regarding the availability of the lower rate for dividends paid with respect to ADSs or Class B shares.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Subject to certain limitations, you will generally be entitled to receive credit against your United States federal income tax liability
(or a deduction against your United States federal taxable income) with respect to any Swedish tax withheld in accordance with the U.S. Tax Treaty and paid over to Sweden. If a refund of the tax withheld is available to you under the laws of Sweden
or under the U.S. Tax Treaty, the amount of tax withheld that is refundable will not be eligible for such credit against your United States federal income tax liability (and will not be eligible for the deduction against your United States federal
taxable income). For foreign tax credit limitation purposes, the dividend will be income from sources without the United States, and will generally be treated as &#147;passive income&#148; (or, in the case of certain holders, &#147;financial
services income&#148;). For taxable years beginning after December&nbsp;31, 2006, dividends will generally be treated as &#147;passive category income&#148; (or, in the case of certain holders, &#147;general category income&#148;). </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Sale or Exchange of ADSs or Class B shares </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Subject
to the passive foreign investment company rules discussed below, you will generally recognize capital gain or loss on the sale or other disposition of the ADSs or Class B shares equal to the difference between the USD value of the amount realized
and your adjusted tax basis (determined in USD) in the ADSs or Class B shares. Such gain or loss will be capital gain or loss and will generally be treated as arising from U.S. sources for foreign tax credit limitation purposes. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The amount realized on a disposition of ADSs or Class B shares will generally be the amount of cash you receive for the ADSs or Class B shares (which, in
the case of payment in a non-U.S. currency, will equal the USD value of the payment received determined on (a)&nbsp;the date of receipt of payment if you are a cash basis taxpayer and (b)&nbsp;the date of disposition if you are an accrual basis
taxpayer). If the ADSs or Class B shares are treated as traded on an &#147;established securities market,&#148; if you are a cash basis taxpayer (or, if you are an accrual basis taxpayer, if you so elect) you will determine the USD value of the
amount realized by translating the amount received at the spot rate of exchange on the settlement date of the sale. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">196 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">You will have a tax basis in any foreign currency received equal to the USD amount realized. Any gain or loss you realize on
a subsequent conversion of foreign currency will be U.S. source ordinary income or loss. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Passive Foreign Investment Company Status </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A non-U.S. corporation is a passive foreign investment company (a &#147;PFIC&#148;) in any taxable year in which, after taking into account the income and
assets of certain subsidiaries, either (a)&nbsp;at least 75 percent of its gross income is passive income or (b)&nbsp;at least 50 percent of the quarterly average value of its assets is attributable to assets that produce or are held to produce
passive income. Based on the market value of our shares, the composition of our assets and income and our operations, we believe we were not a PFIC during the year 2006. However, whether or not we will be considered a PFIC will depend on the nature
and source of our income and the value of our assets, as determined from time to time. If we are treated as a PFIC, we will not provide information necessary for the &#147;qualified electing fund&#148; election as the term is defined in the relevant
provisions of the Code. You should consult your own tax advisors about the consequences of our classification as a PFIC. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If we were a
PFIC, for any taxable year in which you held ADSs or Class B shares, you would be subject to special rules with respect to: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B></B>any gain realized on the sale or other disposition of ADSs or Class B shares; and </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">any &#147;excess distribution&#148; made to you (generally, any distributions to you in respect of ADSs or Class B shares during a single taxable year that are, in
the aggregate, greater than 125 percent of the average annual distributions received by you in respect of ADSs or Class B shares during the three preceding taxable years or, if shorter, your holding period for ADSs or Class B shares).
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Under these rules: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">the gain or excess distribution would be allocated ratably over your holding period for ADSs or Class B shares; </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">the amount allocated to the taxable year in which the gain or excess distribution was realized and any year before we became a PFIC would be taxable as ordinary
income and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">the amount allocated to each prior year, other than the current year and any taxable year prior to the first taxable year in which we were a PFIC, would be subject
to tax at the highest applicable marginal tax rate in effect for each such year; and an interest charge would be imposed to cover the deemed benefit for the deferred payment of the tax attributable to each such year. </FONT></P></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As an alternative to the special rules described above, holders of &#147;marketable stock&#148; in a PFIC may elect mark-to-market treatment with respect
to their ADSs or Class B shares. ADSs or Class B shares will not be considered marketable stock unless the Class B shares are regularly traded on a qualified exchange or other market. If the mark-to-market election is available and you elect
mark-to-market treatment you will, in general, include as ordinary income each year an amount equal to the increase in value of your ADSs or Class B shares for that year (measured at the close of your taxable year) and will generally be allowed a
deduction for any decrease in the value of your Class B shares for the year, but only to the extent of previously included mark-to-market income. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">If you own ADSs or Class B shares during any year in which we are a PFIC, you are required to make an annual return on IRS Form 8621 regarding distributions received with respect to Class B shares and any gain realized on the disposition of
your ADSs or Class B shares. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">197 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Information reporting and backup withholding </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">In general, information reporting requirements may apply to dividends paid in respect of ADSs or Class B shares and the proceeds received on the sale or exchange of the ADSs or Class B shares within the United States
or by a broker with certain United States connections. Backup withholding, at a rate of 28 percent through 2010, and 31 percent thereafter, may apply to payments to you of dividends paid in respect of ADSs or Class B shares or the proceeds of a sale
or other disposition of ADSs or Class B shares if you fail to provide an accurate taxpayer identification number (certified on IRS Form W-9) or, upon request, to certify that you are not subject to backup withholding, or otherwise to comply with the
applicable requirements of backup withholding. The amount of any backup withholding from a payment to you will be allowed as a credit against your United States federal income tax liability and a refund of any excess amount withheld under the backup
withholding rules may be obtained by filing the appropriate claim for refund with the IRS and furnishing any required information. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>FIVE-YEAR SUMMARY
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>US GAAP </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>SEK million</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2006</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2005</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2004<SUP></SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2003<SUP></SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>2002<SUP></SUP></B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net Sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>177,783</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">151,821</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">131,972</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">117,738</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">145,773</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net Income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>26,080</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,495</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,386</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-10,597</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-19,918</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net income net of discontinued operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>23,260</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,312</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,228</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-10,930</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-19,577</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Earnings per share basic after cumulative effect of accounting change (SEK per share)</FONT><FONT FACE="Times New Roman" SIZE="1"
COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.64</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.55</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.91</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-0.68</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1.58</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Earnings per share basic net of discontinued operations</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.47</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.53</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-0.69</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1.56</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Earnings per share diluted after cumulative effect of accounting change (SEK per share)</FONT><FONT FACE="Times New Roman" SIZE="1"
COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>1.64</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.54</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.91</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-0.68</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1.58</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Earnings per share diluted net of discontinued operations</FONT><FONT FACE="Times New Roman" SIZE="1"
COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.46</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.53</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-0.69</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">-1.54</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>217,037</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">211,042</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">192,863</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">195,611</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">226,480</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Stockholders&#146; equity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>121,898</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">104,638</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">84,369</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">69,963</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">83,202</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capital Stock</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>16,132</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,132</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,974</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Number of shares</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Average basic</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,871</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,843</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,829</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,823</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,573</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Average diluted</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>15,943</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,907</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,855</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,831</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,684</FONT></TD></TR>
</TABLE><HR WIDTH="10%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Earnings per share, basic, are calculated by dividing net income by average number of shares outstanding, basic </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Diluted earnings per share are calculated by dividing net income (loss), after cumulative effect of accounting change, by the sum of the average number of shares outstanding plus
all additional shares that would have been outstanding if all convertible debentures were converted, stock options were exercised and matching shares issued under stock purchase plans. Potential ordinary shares are not considered when their
conversion to ordinary shares would increase earnings per share. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">198 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>INVESTMENTS </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The
following listing shows certain shareholdings owned directly and indirectly by the Parent Company as of December&nbsp;31, 2006. A complete listing of shareholdings, prepared in accordance with the Swedish Annual Accounts Act and filed with the
Swedish Companies Registration Office (Bolagsverket), may be obtained upon request to: Telefonaktiebolaget LM Ericsson, External&nbsp;&amp; Management Information, SE-164 83 Stockholm, Sweden. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>SHARES OWNED DIRECTLY BY THE PARENT COMPANY </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-left:0px;margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Type</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="1"><B>Company</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Reg. No.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Domicile</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Percentage<BR>of&nbsp;ownership</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Par value<BR>in local<BR>currency,<BR>million</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Carrying<BR>value,<BR>SEK m.</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Subsidiary companies</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson AB</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">556056-6258</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sweden</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20,645</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Shared Services AB</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">556251-3266</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sweden</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">361</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,716</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Enterprise AB</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">556090-3212</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sweden</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">360</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">335</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Sverige AB</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">556329-5657</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sweden</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">102</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Netwise AB</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">556404-4286</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sweden</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">99</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">305</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">II</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">AB Aulis</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">556030-9899</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sweden</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">II</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">LM Ericsson Holding AB</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">556381-7666</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sweden</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">105</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">131</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">III</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson G&auml;msta AB</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">556381-7609</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sweden</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">162</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">324</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">III</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Credit AB</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">556326-0552</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sweden</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Other (Sweden)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,152</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Austria GmbH</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Austria</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">665</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Danmark A/S</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Denmark</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">216</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Oy LM Ericsson Ab</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Finland</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">196</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">II</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Participations France SAS</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">France</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">524</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson GmbH</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Germany</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">796</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Hungary Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Hungary</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,301</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">120</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">II</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">LM Ericsson Holdings Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ireland</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">II</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson S.r.l.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Italy</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">53</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,151</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">II</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Holding International B.V.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">The&nbsp;Netherlands</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">222</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,200</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson A/S</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Norway</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">156</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">237</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Corporatia AO</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Russia</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson AG</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Switzerland</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">II</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Holding Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">United&nbsp;Kingdom</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">74</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">758</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Other (Europe, excluding Sweden)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">218</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">II</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Holding II Inc.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">United States</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,531</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">C&iacute;a Ericsson S.A.C.I.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Argentina</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">12</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Telecommunica&ccedil;&otilde;es S.A.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Brazil</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">n/a</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">123</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Telecom S.A. de C.V.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Mexico</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">n/a</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,550</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Other (United States, Latin America)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">60</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">II</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Teleric Pty Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Australia</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">China</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson (China) Company Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">China</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">65</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">475</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Nanjing Ericsson Panda Communication Co. Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">China</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">25</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>4)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson India Private Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">India</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">725</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">147</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson (Malaysia) Sdn. Bhd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Malaysia</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">70</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Telecommunications Pte. Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Singapore</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Taiwan Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Taiwan</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">80</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">240</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson (Thailand) Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Thailand</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">49</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>5)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Other countries (the rest of the world)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">225</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>51,124</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">199 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>SHARES OWNED DIRECTLY BY THE PARENT COMPANY (CONTINUED) </B></FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-left:0px;margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Type</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Company</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Reg. No.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Domicile</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Percentage<BR>of&nbsp;ownership</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Par value<BR>in local<BR>currency,<BR>million</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Carrying<BR>value,<BR>SEK m.</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Joint ventures and associated companies</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sony Ericsson Mobile Communications AB</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">556615-6658</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sweden</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,136</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Nikola Tesla d.d.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Croatia</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">65</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">330</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Other</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="7"><FONT FACE="Times New Roman" SIZE="2"><B>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>&#151;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>4,469</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-top:3px double #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>SHARES&nbsp;OWNED BY SUBSIDIARY COMPANIES </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="57%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-left:0px;margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Type</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Company</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Reg. No.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Domicile</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Percentage<BR>of&nbsp;ownership</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>Subsidiary companies</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson&nbsp;Network&nbsp;Technologies&nbsp;AB</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">556000-0365</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sweden</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">II</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Cables Holding AB</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">556044-9489</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sweden</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson France SAS</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">France</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">LM Ericsson Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ireland</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson&nbsp;Telecommunicazioni&nbsp;S.p.A.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Italy</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">II</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Nederland B.V.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">The&nbsp;Netherlands</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Telecommunicatie B.V.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">The Netherlands</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Espa&ntilde;a S.A.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Spain</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Telekomunikasyon A.S.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Turkey</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">United&nbsp;Kingdom</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Canada Inc.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Canada</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Inc.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">United States</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson NetQual Inc.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">United States</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson IP Infrastructure Inc.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">United States</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson&nbsp;Amplified&nbsp;Technologies&nbsp;Inc.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">United States</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson&nbsp;Servicos&nbsp;de&nbsp;Telecomunica&ccedil;&otilde;es Ltda.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Brazil</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Australia Pty. Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Australia</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson (China) Communications Co. Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">China</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Nippon Ericsson K.K.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Japan</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">I</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ericsson Consumer Products Asia Pacific Pte Ltd.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Singapore</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Key to type of company </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">I</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Manufacturing, distribution and development companies </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">II</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Holding companies </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">III</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Finance companies </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE;padding-bottom:4px; margin-top:-3px" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"> <P STYLE="line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1)</SUP></FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="line-height:95%; vertical-align:top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Through subsidiary holdings,
total holdings amount to 100% of Ericsson S.r.l. </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> </SUP></FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; padding-bottom:3px; margin-top:-2px" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"> <P STYLE="line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2)</SUP></FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="line-height:95%; vertical-align:top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Through subsidiary holdings,
total holdings amount to 100% of Cia Ericsson S.A.C.I. </FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE;padding-bottom:4px; margin-top:-3px" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"> <P STYLE="line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3)</SUP></FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="line-height:95%; vertical-align:top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Through subsidiary holdings,
total holdings amount to 100% of Ericsson Telecommunica&ccedil;&otilde;es S.A. </FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP> </SUP></FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; padding-bottom:3px; margin-top:-2px" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"> <P STYLE="line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>4)</SUP></FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="line-height:95%; vertical-align:top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Through subsidiary holdings,
total holdings amount to 51% of Nanjing Ericsson Panda Communication Co. Ltd. </FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; padding-bottom:3px; margin-top:-2px" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"> <P STYLE="line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>5)</SUP></FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="line-height:95%; vertical-align:top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Through subsidiary holdings,
total holdings amount to 100% of Ericsson (Thailand) Ltd. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">200 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS NOT YET IMPLEMENTED </B></FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; margin-left:9%; text-indent:-9%"><FONT FACE="Times New Roman" SIZE="2"><B>FIN 48:&nbsp;&nbsp;&nbsp;&nbsp;ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES&#151;AN INTERPRETATION OF FASB STATEMENT NO. 109
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">FIN 48 was issued in June 2006 and is effective for the Group&#146;s annual reporting period beginning January&nbsp;1, 2007. FIN 48
clarifies the accounting for uncertainty in income taxes recognized in an enterprise&#146;s financial statements in accordance with FASB Statement No.&nbsp;109, Accounting for Income Taxes. FIN 48 prescribes a recognition threshold and measurement
attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FIN 48 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods,
disclosure, and transition. The Group has not yet determined the impact but is currently assessing the effect of the adoption of FIN 48 on its financial position, the results of operations or cash flows of the Group under US GAAP. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; margin-left:9%; text-indent:-9%"><FONT FACE="Times New Roman" SIZE="2"><B>FAS 157:&nbsp;&nbsp;&nbsp;&nbsp;FAIR VALUE MEASUREMENTS </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">FAS 157 was issued in September 2006 and is effective for the Group&#146;s annual reporting period beginning January 1, 2008. This statement defines fair
value, establishes a framework for measuring fair value where that measurement attribute is permitted or required by other accounting pronouncements, and expands disclosures about fair value measurements. The Group will assess the impact this
standard will have on future acquisitions and impairment reviews. No impact on the current financial position, the results of operations or cash flows of the Group under US GAAP is anticipated due to prospective implementation of the standard.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:10%; text-indent:-10%"><FONT FACE="Times New Roman" SIZE="2"><B>FAS 159:&nbsp;&nbsp;&nbsp;&nbsp;THE FAIR VALUE OPTION FOR FINANCIAL ASSETS AND FINANCIAL LIABILITIES, INCLUDING AN
AMENDMENT OF FASB STATEMENT NO. 115 (FAS 159) </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">FAS 159 permits an entity to measure many types of financial instruments and certain
other assets and liabilities at fair value on an instrument by instrument basis. This standard is effective for annual periods beginning after November 15, 2007. The Group is currently evaluating the potential impact of the adoption of FAS&nbsp;159
on its consolidated financial statements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">201 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">ERICSSON ANNUAL REPORT ON FORM 20-F 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="3"><B>SIGNATURES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The
registrant hereby certifies that it meets all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this Annual Report on its behalf. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">TELEFONAKTIEBOLAGET LM ERICSSON </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">June 7,
2007 </FONT></P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;R<SMALL>OLAND</SMALL>
H<SMALL>AGMAN&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></P></TD></TR>
<TR>
<TD ROWSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Roland Hagman</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B><I>Vice President</I></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B><I>Group Function Financial Control</I></B></FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;C<SMALL>ARL</SMALL> O<SMALL>LOF</SMALL>
B<SMALL>LOMQVIST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></P></TD></TR>
<TR>
<TD ROWSPAN="2" VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Carl Olof Blomqvist</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B><I>Senior Vice President and General Counsel</I></B></FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">202 </FONT></P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.2
<SEQUENCE>2
<FILENAME>dex42.htm
<DESCRIPTION>AGREEMENT AND PLAN OF MERGER DATED DECEMBER 19, 2006
<TEXT>
<HTML><HEAD>
<TITLE>Agreement and Plan of Merger dated December 19, 2006</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 4.2 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT
FACE="Times New Roman" SIZE="2"><B>EXECUTION VERSION </B></FONT></P> <P STYLE="margin-top:10px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>AGREEMENT AND PLAN OF MERGER </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">between </FONT></P> <P STYLE="margin-top:10px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>TELEFONAKTIEBOLAGET LM ERICSSON
(publ) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">(&#147;Parent&#148;) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><B>MAXWELL ACQUISITION CORPORATION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">(&#147;Purchaser&#148;) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>REDBACK NETWORKS INC. </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">(the &#147;Company&#148;) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">dated </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Dated as of December&nbsp;19, 2006 </FONT></P>

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

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>Table of Contents </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>TABLE OF CONTENTS </U></B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Page</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT FACE="Times New Roman" SIZE="2">ARTICLE I THE OFFER AND MERGER</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.1</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">The Offer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.2</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Company Actions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.3</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Directors</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.4</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">The Merger</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.5</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Effective Time</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.6</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Closing</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.7</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Directors and Officers of the Surviving Corporation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.8</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Subsequent Actions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.9</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Stockholders&#146; Meeting</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.10</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Merger Without Meeting of Stockholders</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT FACE="Times New Roman" SIZE="2">ARTICLE II CONVERSION OF SECURITIES</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;2.1</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Conversion of Capital Stock</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;2.2</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Exchange of Certificates</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;2.3</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Dissenting Shares</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;2.4</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Top-Up Options</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;2.5</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Treatment of Options, Restricted Stock and other Equity Awards</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;2.6</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Treatment of Employee Stock Purchase Plan</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;2.7</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Treatment of Warrants</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT FACE="Times New Roman" SIZE="2">ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.1</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Organization</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.2</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Capitalization</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.3</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Authorization; Validity of Agreement; Company Action</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.4</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Board Approvals</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.5</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Consents and Approvals; No Violations</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.6</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Company SEC Documents and Financial Statements</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.7</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Internal Controls; Sarbanes-Oxley Act.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.8</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Absence of Certain Changes</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.9</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">No Undisclosed Liabilities</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.10</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Litigation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.11</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Employee Benefit Plans; ERISA</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.12</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Taxes</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.13</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Contracts</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.14</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Title to Properties; Encumbrances</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.15</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Intellectual Property</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">i </FONT></P>


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


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="85%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.16</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Labor Matters</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">36</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.17</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Compliance with Laws; Permits</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.18</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Information in the Proxy Statement</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.19</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Information in the Offer Documents and the Schedule 14D-9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.20</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Opinion of Financial Advisor</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.21</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Insurance</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.22</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Environmental Laws and Regulations</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.23</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Brokers; Expenses</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.24</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Takeover Statutes</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.25</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Bankruptcy</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT FACE="Times New Roman" SIZE="2">ARTICLE IV REPRESENTATIONS AND WARRANTIES OF PARENT AND PURCHASER</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;4.1</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Organization</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;4.2</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Authorization; Validity of Agreement; Necessary Action</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;4.3</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Consents and Approvals; No Violations</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;4.4</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Litigation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;4.5</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Information in the Proxy Statement</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;4.6</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Information in the Offer Documents</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">43</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;4.7</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ownership of Company Capital Stock</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">43</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;4.8</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Sufficient Funds</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">43</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT FACE="Times New Roman" SIZE="2">ARTICLE V CONDUCT OF BUSINESS PENDING THE MERGER</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">43</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;5.1</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Interim Operations of the Company</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">43</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;5.2</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">No Solicitation; Unsolicited Proposals</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">47</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;5.3</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Board Recommendation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;5.4</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Bankruptcy Claims</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">51</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VI ADDITIONAL AGREEMENTS</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">51</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.1</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Notification of Certain Matters</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">51</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.2</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Access; Confidentiality</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">52</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.3</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Consents and Approvals</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">52</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.4</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Publicity</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">55</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.5</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Directors&#146; and Officers&#146; Insurance and Indemnification</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">55</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.6</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">State Takeover Laws</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">57</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.7</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Certain Tax Matters</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">57</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.8</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Rights Agreement; Consequences if Rights Triggered</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">57</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.9</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Section 16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">57</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.10</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Obligations of Purchaser</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">58</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.11</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Employee Benefits Matters</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">58</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.12</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Termination of 401(k) Plan</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">58</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.13</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Rule 14d-10(d)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">59</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ii </FONT></P>


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


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="85%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VII CONDITIONS</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">59</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;7.1</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Conditions to Each Party&#146;s Obligations to Effect the Merger</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">59</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VIII TERMINATION</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">59</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;8.1</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Termination</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">59</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;8.2</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Effect of Termination</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">61</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT FACE="Times New Roman" SIZE="2">ARTICLE IX MISCELLANEOUS</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.1</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Amendment and Modification; Waiver</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.2</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Non-survival of Representations and Warranties</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.3</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Expenses</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">64</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.4</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Notices</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">64</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.5</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Certain Definitions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">65</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.6</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Terms Defined Elsewhere</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">71</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.7</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Interpretation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">73</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.8</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Counterparts</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">74</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.9</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Entire Agreement; No Third-Party Beneficiaries</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">74</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.10</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Severability</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">74</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.11</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Governing Law; Jurisdiction</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">74</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.12</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Waiver of Jury Trial</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">75</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.13</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Assignment</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">75</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:2.00em"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.14</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Enforcement; Remedies</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">76</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">iii </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>ANNEXES AND SCHEDULE </U></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="89%"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Annex I</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Conditions to the Offer</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Annex II</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Key Employees</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Schedule&nbsp;5.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Bankruptcy Claims</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>EXHIBITS</U></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Exhibit A</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Form of Certificate of Incorporation of the Surviving Corporation</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Exhibit B</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Form of Bylaws of the Surviving Corporation</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">iv </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>AGREEMENT AND PLAN OF MERGER </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">AGREEMENT AND PLAN OF MERGER (hereinafter referred to as this &#147;<U>Agreement</U>&#148;), dated December&nbsp;19, 2006, between Telefonaktiebolaget LM
Ericsson (publ), a limited liability company under the Swedish Companies Act (&#147;<U>Parent</U>&#148;), Maxwell Acquisition Corporation, a Delaware corporation and an indirect wholly-owned subsidiary of Parent (&#147;<U>Purchaser</U>&#148;), and
Redback Networks Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, the Board of Directors of, or authorized
committee thereof, each of Parent, Purchaser and the Company has approved, and deems it advisable and in the best interests of their respective stockholders to consummate the acquisition of the Company by Parent upon the terms and subject to the
conditions set forth herein; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, in furtherance thereof and pursuant to this Agreement, Purchaser has agreed to commence a tender
offer (the &#147;<U>Offer</U>&#148;) to purchase all of the outstanding shares of the Common Stock of the Company, including the associated Company Rights (such shares of Common Stock with the associated Company Rights are referred to collectively
as the &#147;<U>Shares</U>&#148;), at a price per Share of US$25.00 (such amount or any different amount per Share that may be paid pursuant to the Offer being hereinafter referred to as the &#147;<U>Offer Price</U>&#148;), subject to any
withholding of Taxes required by law, net to the seller in cash; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, following the consummation of the Offer, upon the terms and
subject to the conditions set forth in this Agreement, Purchaser will be merged with and into the Company with the Company as the Surviving Corporation (the &#147;<U>Merger</U>,&#148; and together with the Offer and the other transactions
contemplated by this Agreement, the &#147;<U>Transactions</U>&#148;), in accordance with the General Corporation Law of the State of Delaware (the &#147;<U>DGCL</U>&#148;), whereby each issued and outstanding Share not owned directly or indirectly
by Parent, Purchaser or the Company will be converted into the right to receive the Offer Price in cash; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, the Board of Directors
of the Company (the &#147;<U>Company Board of Directors</U>&#148;) has unanimously, on the terms and subject to the conditions set forth herein, (i)&nbsp;determined that the Transactions contemplated by this Agreement are in the best interests of
its stockholders, (ii)&nbsp;approved and declared advisable this Agreement and the Transactions contemplated hereby, including the Offer and the Merger, and (iii)&nbsp;determined to recommend that the Company&#146;s stockholders accept the Offer,
tender their Shares to Purchaser and, to the extent applicable, adopt this Agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, the Board of Directors of, or authorized
committee thereof, Parent and Purchaser have, on the terms and subject to the conditions set forth herein, unanimously declared advisable this Agreement and the Transactions contemplated hereby, including the Offer and the Merger; </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, as a condition to and inducement to Parent&#146;s and Purchaser&#146;s willingness to enter into this Agreement, simultaneously with the
execution of this Agreement, certain stockholders of the Company are entering into tender and stockholder support agreements with Parent and Purchaser (the &#147;<U>Support Agreements</U>&#148;); </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, Parent, Purchaser and the Company desire to (i)&nbsp;make certain representations and warranties
in connection with the Offer and the Merger, (ii)&nbsp;make certain covenants and agreements in connection with the Offer and the Merger, and (iii)&nbsp;prescribe various conditions to the Offer and the Merger. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">NOW, THEREFORE, in consideration of the mutual covenants and promises contained in this Agreement and for other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the parties to this Agreement agree as follows: </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE I </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">THE OFFER AND MERGER </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.1
<U>The Offer</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) Provided that this Agreement shall not have been terminated in accordance with Section&nbsp;8.1, as promptly as
practicable (and in any event within ten (10)&nbsp;business days) after the date hereof, Purchaser shall (and Parent shall cause Purchaser to) commence (within the meaning of Rule 14d-2 under the Securities Exchange Act of 1934, as amended, and the
rules and regulations promulgated thereunder (the &#147;<U>Exchange Act</U>&#148;)) the Offer to purchase for cash all Shares at the Offer Price, subject to: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(i) there being validly tendered in the Offer and not withdrawn prior to any then scheduled Expiration Date (as defined below) that number
of Shares which, together with the Shares then beneficially owned by Parent or Purchaser (if any), represents at least a majority of: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:13%"><FONT
FACE="Times New Roman" SIZE="2">(x) all Shares then outstanding, <I>plus </I> </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(y) all Shares issuable upon the exercise,
conversion or exchange of any Company Options, SARs, RSUs, Warrants, Equity Interests or other rights to acquire Shares then outstanding that are vested and exercisable, convertible or exchangeable as of any then scheduled Expiration Date or that
would be vested and exercisable, convertible or exchangeable (including after giving effect to the acceleration of any vesting or exercisability, convertibility or exchangeability that may occur as a result of the Offer) at any time within sixty
(60)&nbsp;days following the then scheduled Expiration Date assuming that the holder of such Company Options, SARs, RSUs, Warrants, Equity Interests or other rights satisfies the vesting or exercisability, convertibility or exchangeability
conditions applicable thereto during such time period, <I>less</I> </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">(z) the number of Shares issuable upon the exercise of
Company Options then outstanding held by Kevin A. DeNuccio which are vested and exercisable as of the then scheduled Expiration Date or that would be vested </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">and exercisable (including after giving effect to the acceleration of any vesting or exercisability that may occur as a result of the Offer) at any time
within sixty (60)&nbsp;days following the then scheduled Expiration Date assuming that Mr.&nbsp;DeNuccio satisfies the vesting or exercisability conditions applicable thereto during such time period (the &#147;<U>Minimum Condition</U>&#148;); and
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(ii) the satisfaction, or waiver by Parent or Purchaser, of the other conditions and requirements set forth in Annex I.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) The obligation of the Purchaser to accept for payment and pay for any Shares validly tendered and not withdrawn pursuant to the Offer
shall be subject to the satisfaction of the Minimum Condition and the satisfaction, or waiver by Parent or Purchaser, of the other conditions and requirements set forth in Annex I. Subject to the prior satisfaction of the Minimum Condition and the
satisfaction or waiver by Parent or Purchaser of the other conditions and requirements set forth in Annex I, Purchaser shall (and Parent shall cause Purchaser to) consummate the Offer in accordance with its terms and accept for payment and pay for
all Shares validly tendered and not withdrawn pursuant to the Offer as promptly as practicable after Purchaser is legally permitted to do so under applicable law. The Offer Price payable in respect of each Share validly tendered and not withdrawn
pursuant to the Offer shall be paid net to the Seller in cash subject to withholding as provide in Section&nbsp;2.2(e). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) The Offer
shall be made by means of an offer to purchase (the &#147;<U>Offer to Purchase</U>&#148;) that contains the terms set forth in this Agreement, the Minimum Condition and the other conditions and requirements set forth in Annex I. Parent and Purchaser
expressly reserve the right to increase the Offer Price or to make any other changes in the terms and conditions of the offer; <U>provided</U>, <U>however</U>, that unless otherwise provided by this Agreement or as previously approved by the Company
in writing, Purchaser shall not (i)&nbsp;decrease the Offer Price, (ii)&nbsp;change the form of consideration payable in the Offer, (iii)&nbsp;reduce the maximum number of Shares to be purchased in the Offer, (iv)&nbsp;impose conditions to the Offer
that are different than or in addition to the conditions set forth in Annex I, (v)&nbsp;amend or waive the Minimum Condition, (vi)&nbsp;amend any of the conditions to the Offer set forth in Annex I, or (vii)&nbsp;extend the expiration of the Offer
in a manner other than as required by this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) Unless extended pursuant to and in accordance with the terms of this Agreement,
the Offer shall expire at midnight (New York City time) on the date that is twenty (20)&nbsp;business days (for this purpose calculated in accordance with Rule 14d-1(g)(3) under the Exchange Act) following the commencement (within the meaning of
Rule 14d-2 under the Exchange Act) of the Offer (the &#147;<U>Initial Expiration Date</U>&#148;) or, in the event the Initial Expiration Date has been extended pursuant to and in accordance with this Agreement, the date to which the Offer has been
so extended (the Initial Expiration Date, or such later date to which the Initial Expiration Date has been extended pursuant to and in accordance with this Agreement, is referred to as the &#147;<U>Expiration Date</U>&#148;). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">3 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) The Offer shall be extended from time to time as follows: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>Offer Conditions Not Satisfied</U>. If on or prior to any then scheduled Expiration Date, all of the conditions to the Offer
(including the Minimum Condition and all other conditions and requirements set forth in Annex I) shall not have been satisfied, or waived by Parent or Purchaser if permitted hereunder, Purchaser shall (and Parent shall cause Purchaser to) extend the
Offer for successive periods of ten (10)&nbsp;business days each in order to permit the satisfaction of such conditions, or any lesser period ending on April&nbsp;19, 2007 (the &#147;<U>Initial Outside Date</U>&#148;), or on December&nbsp;19, 2007
in the event that the HSR Condition and/or the Governmental Approval Condition shall not have been satisfied, or waived by Parent and Purchaser if permitted hereunder, by the Initial Outside Date (the &#147;<U>Extended Outside Date</U>&#148;), if
any such ten-day extension would otherwise end after the Initial Outside Date or the Extended Outside Date, as applicable. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(ii) <U>Required by Applicable Law or Nasdaq</U>. Purchaser shall extend the Offer for any period or periods required by applicable law, rule, regulation, interpretation or position of the SEC (or its staff) or Nasdaq. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) If necessary to obtain sufficient Shares (without regard to the exercise of the 90% Top-Up Option) to reach the Short Form Threshold, Purchaser may,
in its sole discretion, provide for a &#147;subsequent offering period&#148; in accordance with Rule 14d-11 under the Exchange Act. In the event that more than eighty percent (80%)&nbsp;of the then outstanding Shares have been validly tendered and
not withdrawn pursuant to the Offer following the Expiration Date, Purchaser shall (and Parent shall cause Purchaser to) provide for a &#147;subsequent offering period&#148; in accordance with Rule 14d-11 under the Exchange Act of at least ten
(10)&nbsp;business days immediately following the Expiration Date unless Parent and Purchaser exercise the 90% Top-Up Option. Subject to the terms and conditions of this Agreement and the Offer, Purchaser shall (and Parent shall cause Purchaser to)
accept for payment, and pay for, all Shares that are validly tendered and not withdrawn pursuant to the Offer during such &#147;subsequent offering period&#148; promptly after any such Shares are tendered during such &#147;subsequent offering
period.&#148; The Offer Documents will provide for the possibility of a &#147;subsequent offering period&#148; in a manner consistent with the terms of this Section&nbsp;1.1(f). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(g) Purchaser shall not terminate the Offer prior to any scheduled Expiration Date without the prior written consent of the Company except in the event
that this Agreement is terminated pursuant to Section&nbsp;8.1. In the event that this Agreement is terminated pursuant to Section&nbsp;8.1, Purchaser shall (and Parent shall cause Purchaser to) promptly (and in any event within twenty four
(24)&nbsp;hours of such termination), irrevocably and unconditionally terminate the Offer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(h) As soon as practicable after the
commencement of the Offer (within the meaning of Rule 14d-2 under the Exchange Act), Parent and Purchaser shall file with the Securities and Exchange Commission (the &#147;<U>SEC</U>&#148;), pursuant to Regulation M-A under the Exchange Act
(&#147;<U>Regulation M-A</U>&#148;), a Tender Offer Statement on Schedule TO with respect to the Offer (together with all amendments, supplements and exhibits thereto, the &#147;<U>Schedule TO</U>&#148;). The Schedule TO shall include, as exhibits,
the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">4 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Offer to Purchase and a form of letter of transmittal and summary advertisement (collectively, together with any amendments and supplements thereto, the
&#147;<U>Offer Documents</U>&#148;). Parent and Purchaser agree to take all steps necessary to cause the Offer Documents to be filed with the SEC and disseminated to holders of Shares, in each case as and to the extent required by the Exchange Act.
Parent and Purchaser, on the one hand, and the Company, on the other hand, agree to promptly correct any information provided by it for use in the Offer Documents if and to the extent that it shall have become false or misleading in any material
respect or as otherwise required by applicable law. Parent and Purchaser further agree to take all steps necessary to cause the Offer Documents, as so corrected (if applicable), to be filed with the SEC and disseminated to holders of Shares, in each
case as and to the extent required by the Exchange Act. The Company and its counsel shall be given a reasonable opportunity to review the Schedule TO and the Offer Documents before they are filed with the SEC, and Parent and Purchaser shall give due
consideration to all the reasonable additions, deletions or changes suggested thereto by the Company and its counsel. In addition, Parent and Purchaser shall provide the Company and its counsel with copies of any written comments, and shall inform
them of any oral comments, that Parent, Purchaser or their counsel may receive from time to time from the SEC or its staff with respect to the Schedule TO or the Offer Documents promptly after receipt of such comments, and any written or oral
responses thereto. The Company and its counsel shall be given a reasonable opportunity to review any such written responses and Parent and Purchaser shall give due consideration to all reasonable additions, deletions or changes suggested thereto by
the Company and its counsel. If the Offer is terminated or withdrawn by Purchaser, or this Agreement is terminated prior to the purchase of Shares in the Offer, Purchaser shall promptly return, and shall cause any depository, acting on behalf of
Purchaser to return, all tendered Shares to the registered holders thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(i) The Offer Price shall be adjusted appropriately to reflect
the effect of any stock split, reverse stock split, stock dividend (including any dividend or distribution of securities convertible into Common Stock), cash dividend, reorganization, recapitalization, reclassification, combination, exchange of
shares or other like change with respect to Common Stock occurring on or after the date hereof and prior to the Effective Time. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">Section&nbsp;1.2 <U>Company Actions</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) Contemporaneous with the filing of the Schedule TO, the Company shall, in a manner
that complies with Rule 14d-9 under the Exchange Act, file with the SEC a Tender Offer Solicitation/ Recommendation Statement on Schedule 14D-9 with respect to the Offer (together with all amendments, supplements and exhibits thereto, the
&#147;<U>Schedule 14D-9</U>&#148;) that shall, subject to the provisions of Section&nbsp;5.3(c), contain the Company Recommendation. The Company further agrees to take all steps necessary to cause the Schedule 14D-9 to be filed with the SEC and
disseminated to holders of Shares, in each case as and to the extent required by the Exchange Act. The Company, on the one hand, and Parent and Purchaser, on the other hand, agree to promptly correct any information provided by it for use in the
Schedule 14D-9 if and to the extent that it shall have become false or misleading in any material respect or as </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">5 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">otherwise required by applicable law. The Company further agrees to take all steps necessary to cause the Schedule 14D-9, as so corrected (if applicable), to
be filed with the SEC and disseminated to holders of Shares, in each case as and to the extent required by the Exchange Act. Parent, Purchaser and their counsel shall be given a reasonable opportunity to review the Schedule 14D-9 before it is filed
with the SEC and the Company shall give due consideration to all reasonable additions, deletions or changes suggested thereto by Parent, Purchaser and their counsel. In addition, the Company shall provide Parent, Purchaser and their counsel with
copies of any written comments, and shall inform them of any oral comments, that the Company or its counsel may receive from time to time from the SEC or its staff with respect to the Schedule 14D-9 promptly after the Company&#146;s receipt of such
comments, and any written or oral responses thereto. Parent, Purchaser and their counsel shall be given a reasonable opportunity to review any such written responses and the Company shall give due consideration to all reasonable additions, deletions
or changes suggested thereto by Parent, Purchaser and their counsel. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) In connection with the Offer, the Company shall promptly furnish
or cause to be furnished to Purchaser mailing labels, security position listings and any available listing or computer files containing the names and addresses of the record holders of the Shares as of the most recent practicable date, and shall
promptly furnish Purchaser with such information and assistance (including, but not limited to, lists of holders of the Shares, updated promptly from time to time upon Purchaser&#146;s request, and their addresses, mailing labels and lists of
security positions) as Purchaser or its agent may reasonably request for the purpose of communicating the Offer to the record and beneficial holders of the Shares. Except for such steps as are necessary to disseminate the Offer Documents and any
other documents necessary to consummate the Offer, the Merger and the other Transactions contemplated by this Agreement, Purchaser shall hold in confidence the information contained in any such labels, listings and files, shall use such information
only in connection with the Offer and the Merger and, if this Agreement shall be terminated, shall promptly deliver to the Company all copies of such information. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT
FACE="Times New Roman" SIZE="2">Section&nbsp;1.3 <U>Directors</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) Promptly after Purchaser accepts for payment and pays for any Shares
tendered and not withdrawn pursuant to the Offer (the &#147;<U>Appointment Time</U>&#148;), and at all times thereafter, Purchaser shall be entitled to elect or designate such number of directors, rounded up to the next whole number, on the Company
Board of Directors as is equal to the product of the total number of directors on the Company Board of Directors (giving effect to the directors elected or designated by Purchaser pursuant to this sentence) multiplied by the percentage that the
aggregate number of Shares beneficially owned by Parent, Purchaser and any of its affiliates bears to the total number of Shares then outstanding. The Company shall, upon Purchaser&#146;s request at any time following the purchase of and payment for
Shares pursuant to the Offer, take such actions, including but not limited to promptly filling vacancies or newly created directorships on the Company Board of Directors, promptly increasing the size of the Company Board of Directors (including by
amending the Bylaws of the Company if necessary so as to increase the size of the Company Board of Directors) and/or promptly securing the resignations of such number of its incumbent directors as are necessary or desirable to </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">6 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">enable Purchaser&#146;s designees to be so elected or designated to the Company Board of Directors, and shall use its best efforts to cause Purchaser&#146;s
designees to be so elected or designated at such time. The Company shall, upon Purchaser&#146;s request following the Appointment Time, also cause Persons elected or designated by Purchaser to constitute the same percentage (rounded up to the next
whole number) as is on the Company Board of Directors of (i)&nbsp;each committee of the Company Board of Directors, (ii)&nbsp;each board of directors (or similar body) of each Company Subsidiary and (iii)&nbsp;each committee (or similar body) of
each such board, in each case to the extent permitted by applicable law and the Marketplace Rules of the Nasdaq Global Market (the &#147;<U>Nasdaq</U>&#148;). Promptly after the Appointment Time, the Company shall take all action necessary to elect
to be treated as a &#147;controlled company&#148; as defined by Nasdaq Marketplace Rule 4350(c) and make all necessary filings and disclosures associated with such status. The Company&#146;s obligations under this Section&nbsp;1.3(a) shall be
subject to Section&nbsp;14(f) of the Exchange Act and Rule 14f-1 promulgated thereunder. The Company shall promptly upon execution of this Agreement take all actions required pursuant to Section&nbsp;14(f) and Rule 14f-1 in order to fulfill its
obligations under this Section&nbsp;1.3(a), including mailing to stockholders (together with the Schedule 14D-9) the information required by Section&nbsp;14(f) and Rule 14f-1 as is necessary to enable Purchaser&#146;s designees to be elected or
designated to the Company Board of Directors. Purchaser shall supply the Company with information with respect to Purchaser&#146;s designees and Parent&#146;s and Purchaser&#146;s respective officers, directors and affiliates to the extent required
by Section&nbsp;14(f) and Rule 14f-1. The provisions of this Section&nbsp;1.3(a) are in addition to and shall not limit any rights that any of Purchaser, Parent or any of their respective affiliates may have as a record holder or beneficial owner of
Shares as a matter of applicable law with respect to the election of directors or otherwise. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) In the event that Purchaser&#146;s
designees are elected or designated to the Company Board of Directors pursuant to Section&nbsp;1.3(a), then, until the Effective Time, the Company shall cause the Company Board of Directors to maintain three (3)&nbsp;directors who are members of the
Company Board of Directors on the date hereof, each of whom shall be an &#147;independent director&#148; as defined by Rule 4200(a)(15) of the Nasdaq Marketplace Rules and eligible to serve on the Company&#146;s audit committee under the Exchange
Act and Nasdaq rules and, at least one of whom shall be an &#147;audit committee financial expert&#148; as defined in Item&nbsp;401(h) of Regulation S-K and the instructions thereto (the &#147;<U>Continuing Directors</U>&#148;); <U>provided</U>,
<U>however</U>, that if any Continuing Director is unable to serve due to death, disability or resignation, the Company shall take all necessary action (including creating a committee of the Company Board of Directors) so that the Continuing
Director(s) shall be entitled to elect or designate another Person (or Persons) to fill such vacancy, and such Person (or Persons) shall be deemed to be a Continuing Director for purposes of this Agreement. If no Continuing Director then remains,
the other directors shall designate three (3)&nbsp;Persons to fill such vacancies and such Persons shall be deemed Continuing Directors for all purposes of this Agreement. Notwithstanding anything in this Agreement to the contrary, if
Purchaser&#146;s designees constitute a majority of the Company Board of Directors after the Appointment Time and prior to the Effective Time, then the affirmative vote of a majority of the Continuing Directors shall (in addition to the approval
rights of the Company Board of Directors or the stockholders of the Company as may be required by the Amended and Restated </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">7 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Certificate of Incorporation of the Company (as amended, the &#147;<U>Company Certificate</U>&#148;), the Amended and Restated Bylaws of the Company (as
amended, the &#147;<U>Company Bylaws</U>&#148;, and together with the Company Certificate, the &#147;<U>Company Governing Documents</U>&#148;) or applicable law) be required (i)&nbsp;for the Company to amend or terminate this Agreement, (ii)&nbsp;to
exercise or waive any of the Company&#146;s rights, benefits or remedies hereunder, if such action would materially and adversely affect the holders of Shares (other than Parent or Purchaser), (iii)&nbsp;to amend the Company Governing Documents if
such action would materially and adversely affect the holders of Shares (other than Parent or Purchaser) or (iv)&nbsp;to take any other action of the Company Board of Directors under or in connection with this Agreement if such action would
materially and adversely affect the holders of Shares (other than Parent or Purchaser); <U>provided</U>, <U>however</U>, that if there shall be no Continuing Directors as a result of such Persons&#146; deaths, disabilities or refusal to serve, then
such actions may be effected by majority vote of the entire Company Board of Directors. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.4 <U>The Merger</U>. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) Subject to the terms and conditions of this Agreement, and in accordance with the DGCL, at the Effective Time, the Company and Purchaser shall
consummate the Merger pursuant to which (i)&nbsp;Purchaser shall be merged with and into the Company and the separate corporate existence of Purchaser shall thereupon cease, (ii)&nbsp;the Company shall be the surviving corporation in the Merger and
shall continue to be governed by the DGCL and (iii)&nbsp;the separate corporate existence of the Company with all its rights, privileges, immunities, powers and franchises shall continue unaffected by the Merger. The corporation surviving the Merger
is sometimes hereinafter referred to as the &#147;<U>Surviving Corporation</U>.&#148; The Merger shall have the effects set forth in Section&nbsp;259 of the DGCL. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(b) Purchaser and the Surviving Corporation shall take all necessary action such that (i)&nbsp;the certificate of incorporation of the Surviving Corporation shall be amended so as to read in its entirety in the form
set forth as <U>Exhibit A</U> hereto until thereafter changed or amended as provided therein or by applicable law and (ii)&nbsp;the bylaws of the Surviving Corporation shall be amended so as to read in its entirety in the form set forth as
<U>Exhibit B</U> until thereafter changed or amended as provided therein or by applicable law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.5 <U>Effective Time</U>.
Parent, Purchaser and the Company shall cause an appropriate certificate of merger or other appropriate documents (the &#147;<U>Certificate of Merger</U>&#148;) to be executed and filed on the Closing Date (or on such other date as Parent and the
Company may agree) with the Secretary of State of the State of Delaware in accordance with the relevant provisions of the DGCL and shall make all other filings or recordings required under the DGCL. The Merger shall become effective at the time such
Certificate of Merger have been duly filed with the Secretary of State of the State of Delaware or such date and time as is agreed upon by the parties and specified in the Certificate of Merger, such date and time hereinafter referred to as the
&#147;<U>Effective Time</U>.&#148; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">8 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.6 <U>Closing</U>. The closing of the Merger (the &#147;<U>Closing</U>&#148;) will take
place at 10:00 a.m., California time, on a date to be specified by the parties, such date to be no later than the second business day after satisfaction or waiver of all of the conditions set forth in Article VII (the &#147;<U>Closing
Date</U>&#148;), at the offices of Latham&nbsp;&amp; Watkins LLP, 140 Scott Drive, Menlo Park, California unless another date or place is agreed to in writing by the parties hereto. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.7 <U>Directors and Officers of the Surviving Corporation</U>. The directors of Purchaser immediately prior to the Effective Time shall,
from and after the Effective Time, be appointed as the directors of the Surviving Corporation, and the officers of the Company immediately prior to the Effective Time, from and after the Effective Time, shall continue as the officers of the
Surviving Corporation, in each case until their respective successors shall have been duly elected, designated or qualified, or until their earlier death, resignation or removal in accordance with the Surviving Corporation&#146;s certificate of
incorporation and bylaws. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.8 <U>Subsequent Actions</U>. If at any time after the Effective Time the Surviving Corporation
shall determine, in its sole discretion, or shall be advised, that any deeds, bills of sale, instruments of conveyance, assignments, assurances or any other actions or things are necessary or desirable to vest, perfect or confirm of record or
otherwise in the Surviving Corporation its right, title or interest in, to or under any of the rights, properties or assets of either of the Company or Purchaser acquired or to be acquired by the Surviving Corporation as a result of, or in
connection with, the Merger or otherwise to carry out this Agreement, then the officers and directors of the Surviving Corporation shall be authorized to execute and deliver, in the name and on behalf of either the Company or Purchaser, all such
deeds, bills of sale, instruments of conveyance, assignments and assurances and to take and do, in the name and on behalf of each of such corporations or otherwise, all such other actions and things as may be necessary or desirable to vest, perfect
or confirm any and all right, title or interest in, to and under such rights, properties or assets in the Surviving Corporation or otherwise to carry out this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
FACE="Times New Roman" SIZE="2">Section&nbsp;1.9 <U>Stockholders&#146; Meeting</U>. If approval of the stockholders of the Company is required under DGCL in order to consummate the Merger: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) As promptly as practicable following the Appointment Time and the expiration of any &#147;subsequent offering period&#148; provided by Purchaser
pursuant to and in accordance with this Agreement, if applicable, the Company shall prepare and file as promptly as practicable with the SEC a proxy or information statement for the Special Meeting (together with any amendments thereof or
supplements thereto and any other required proxy materials, the &#147;<U>Proxy Statement</U>&#148;) relating to the Merger and this Agreement; <U>provided</U>, that Parent, Purchaser and their counsel shall be given a reasonable opportunity to
review the Proxy Statement before it is filed with the SEC and the Company shall give due consideration to all reasonable additions, deletions or changes suggested thereto by Parent, Purchaser and their counsel with the intention that the Proxy
Statement be in a form ready to print and mail to the stockholders of the Company as </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">9 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">promptly as practicable following the Appointment Time and the expiration of any &#147;subsequent offering period&#148; provided by Purchaser pursuant to and
in accordance with this Agreement, if applicable. The Company shall include in the Proxy Statement the recommendation of the Company Board of Directors that stockholders of the Company vote in favor of the adoption of this Agreement in accordance
with the DGCL. The Company shall use its reasonable best efforts to obtain and furnish the information required to be included by the SEC in the Proxy Statement and, after consultation with Purchaser, respond promptly to any comments made by the SEC
with respect to the Proxy Statement. The Company shall provide Parent, Purchaser and their counsel with copies of any written comments, and shall inform them of any oral comments, that the Company or its counsel may receive from time to time from
the SEC or its staff with respect to the Proxy Statement promptly after the Company&#146;s receipt of such comments, and any written or oral responses thereto. Parent, Purchaser and their counsel shall be given a reasonable opportunity to review any
such written responses and the Company shall give due consideration to all reasonable additions, deletions or changes suggested thereto by Parent, Purchaser and their counsel. The Company, on the one hand, and Parent and Purchaser, on the other
hand, agree to promptly correct any information provided by it for use in the Proxy Statement if and to the extent that it shall have become false or misleading in any material respect or as otherwise required by applicable law and, the Company
further agrees to cause the Proxy Statement, as so corrected (if applicable), to be filed with the SEC and, if any such correction is made following the mailing of the Proxy Statement as provided in Section&nbsp;1.9(b)(ii), mailed to holders of
Shares, in each case as and to the extent required by the Exchange Act or the SEC (or its staff). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) The Company, acting through the
Company Board of Directors, shall, in accordance with and subject to the requirements of applicable law: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(i)(A) as promptly
as practicable following the Appointment Time and the expiration of any &#147;subsequent offering period&#148; provided by Purchaser pursuant to and in accordance with this Agreement, if applicable, duly set a record date for, call and give notice
of a special meeting of its stockholders (the &#147;<U>Special Meeting</U>&#148;) for the purpose of considering and taking action upon this Agreement (with the record date and meeting date set in consultation with Purchaser), and (B)&nbsp;as
promptly as practicable following the Appointment Time and the expiration of any &#147;subsequent offering period&#148; provided by Purchaser pursuant to and in accordance with this Agreement, if applicable, convene and hold the Special Meeting;
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(ii) cause the definitive Proxy Statement to be mailed to its stockholders; and </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(iii) use its reasonable best efforts to (A)&nbsp;solicit from its stockholders proxies in favor of the adoption of this Agreement and
(B)&nbsp;secure any approval of stockholders of the Company that is required by the DGCL and any other applicable law to effect the Merger. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">10 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) At the Special Meeting or any postponement or adjournment thereof, Parent shall vote, or cause to be
voted, all of the Shares then owned by it, Purchaser or any of their other subsidiaries and affiliates in favor of the adoption of this Agreement and to deliver or provide, in its capacity as a stockholder of the Company, any other approvals that
are required by the DGCL and any other applicable law to effect the Merger. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;1.10 <U>Merger Without Meeting of
Stockholders</U>. Notwithstanding the terms of Section&nbsp;1.9, in the event that Parent, Purchaser and their respective subsidiaries and affiliates shall hold, in the aggregate, at least ninety percent (90%)&nbsp;of the outstanding shares of each
class of capital stock of the Company entitled to vote on the adoption of this Agreement under the DGCL (the &#147;<U>Short Form Threshold</U>&#148;), following the Appointment Time and the expiration of any &#147;subsequent offering period&#148;
provided by Purchaser pursuant to and in accordance with this Agreement, if applicable, and the exercise of the 90% Top-Up Option, if applicable, Parent shall cause the Merger to become effective as promptly as practicable, without a meeting of
stockholders of the Company, in accordance with Section&nbsp;253 of the DGCL. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE II </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">CONVERSION OF SECURITIES </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;2.1
<U>Conversion of Capital Stock</U>. At the Effective Time, by virtue of the Merger and without any action on the part of the holders of any securities of the Company or common stock, par value $0.0001 per share, of Purchaser (the &#147;<U>Purchaser
Common Stock</U>&#148;): </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Purchaser Common Stock</U>. Each issued and outstanding share of Purchaser Common Stock shall be converted
into and become one fully paid and nonassessable share of common stock, par value $0.0001 per share, of the Surviving Corporation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b)
<U>Cancellation of Treasury Stock and Parent-Owned Stock</U>. All Shares that are owned by the Company and any Shares owned by Parent, Purchaser or any of their respective subsidiaries or affiliates shall be cancelled and shall cease to exist, and
no consideration shall be delivered in exchange therefor. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Conversion of Common Stock</U>. Each issued and outstanding Share (other
than Shares to be cancelled in accordance with Section&nbsp;2.1(b) and other than Dissenting Shares) shall be converted into the right to receive the Offer Price, payable to the holder thereof in cash, without interest (the &#147;<U>Merger
Consideration</U>&#148;). From and after the Effective Time, all such Shares shall no longer be outstanding and shall automatically be cancelled and shall cease to exist, and each holder of a certificate representing any such Shares shall cease to
have any rights with respect thereto, except the right to receive the Merger Consideration therefor upon the surrender of such certificate in accordance with Section&nbsp;2.2, without interest thereon. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">11 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Adjustment to Merger Consideration</U>. The Merger Consideration shall be adjusted appropriately
to reflect the effect of any stock split, reverse stock split, stock dividend (including any dividend or distribution of securities convertible into Common Stock), cash dividend, reorganization, recapitalization, reclassification, combination,
exchange of shares or other like change with respect to Common Stock occurring on or after the date hereof and prior to the Effective Time. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">Section&nbsp;2.2 <U>Exchange of Certificates</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Paying Agent</U>. Purchaser shall designate a bank or trust company to
act as the payment agent in connection with the Merger (the &#147;<U>Paying Agent</U>&#148;). Prior to the Effective Time, Parent or Purchaser shall deposit, or cause to be deposited, with the Paying Agent the aggregate Merger Consideration. Such
funds shall be invested by the Paying Agent as directed by Parent, in its sole discretion, pending payment thereof by the Paying Agent to the holders of the Shares. Earnings from such investments shall be the sole and exclusive property of Parent,
and no part of such earnings shall accrue to the benefit of holders of Shares. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Exchange Procedures</U>. Promptly after the
Effective Time, the Paying Agent shall mail to each holder of record of a certificate or certificates which immediately prior to the Effective Time represented outstanding Shares (the &#147;<U>Certificates</U>&#148;) and whose Shares were converted
pursuant to Section&nbsp;2.1 into the right to receive the Merger Consideration (i)&nbsp;a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to the Certificates shall pass, only upon delivery of
the Certificates to the Paying Agent and shall be in such form and have such other provisions as Parent may reasonably specify) and (ii)&nbsp;instructions for effecting the surrender of the Certificates in exchange for payment of the Merger
Consideration. Upon surrender of a Certificate for cancellation to the Paying Agent or to such other agent or agents as may be appointed by Parent, together with such letter of transmittal, duly executed, the holder of such Certificate shall be
entitled to receive in exchange therefor the Merger Consideration for each Share formerly represented by such Certificate and the Certificate so surrendered shall forthwith be cancelled. If payment of the Merger Consideration is to be made to a
Person other than the Person in whose name the surrendered Certificate is registered, it shall be a condition precedent of payment that (x)&nbsp;the Certificate so surrendered shall be properly endorsed or shall be otherwise in proper form for
transfer and (y)&nbsp;the Person requesting such payment shall have paid any transfer and other similar taxes required by reason of the payment of the Merger Consideration to a Person other than the registered holder of the Certificate surrendered
or shall have established to the satisfaction of the Surviving Corporation that such tax either has been paid or is not required to be paid. Until surrendered as contemplated by this Section&nbsp;2.2, each Certificate shall be deemed at any time
after the Effective Time to represent only the right to receive the Merger Consideration in cash as contemplated by this Section&nbsp;2.2, without interest thereon. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(c) <U>Transfer Books; No Further Ownership Rights in Shares</U>. At the Effective Time, the stock transfer books of the Company shall be closed and thereafter there shall be no further registration of transfers of
Shares on the records of the Company. </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">12 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">From and after the Effective Time, the holders of Certificates outstanding immediately prior to the Effective Time shall cease to have any rights with
respect to such Shares except as otherwise provided for herein or by applicable law. If, after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they shall be cancelled and exchanged as provided in this
Article II. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Termination of Fund; No Liability</U>. At any time following six months after the Effective Time, the Surviving
Corporation shall be entitled to require the Paying Agent to deliver to it any funds (including any interest received with respect thereto) made available to the Paying Agent and not disbursed (or for which disbursement is pending subject only to
the Paying Agent&#146;s routine administrative procedures) to holders of Certificates, and thereafter such holders shall be entitled to look only to the Surviving Corporation (subject to abandoned property, escheat or other similar laws) only as
general creditors thereof with respect to the Merger Consideration payable upon due surrender of their Certificates, without any interest thereon. Notwithstanding the foregoing, neither the Surviving Corporation nor the Paying Agent shall be liable
to any holder of a Certificate for Merger Consideration delivered to a public official pursuant to any applicable abandoned property, escheat or similar law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(e) <U>Withholding Rights</U>. Parent, Purchaser, the Surviving Corporation and the Paying Agent, as the case may be, shall be entitled to deduct and withhold from the relevant Merger Consideration or Offer Price
otherwise payable pursuant to this Agreement to any holder of Shares such amounts that Parent, Purchaser, the Surviving Corporation or the Paying Agent is required to deduct and withhold with respect to the making of such payment under the Internal
Revenue Code of 1986, as amended (the &#147;<U>Code</U>&#148;), the rules and regulations promulgated thereunder or any provision of applicable state, local or foreign law. To the extent that amounts are so withheld by Parent, Purchaser, the
Surviving Corporation or the Paying Agent, such amounts shall be treated for all purposes of this Agreement as having been paid to the holder of Shares in respect of which such deduction and withholding was made by Parent, Purchaser, the Surviving
Corporation or the Paying Agent. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) <U>Lost, Stolen or Destroyed Certificates</U>. In the event that any Certificates shall have been
lost, stolen or destroyed, the Paying Agent shall issue in exchange for such lost, stolen or destroyed Certificates, upon the making of an affidavit of that fact by the holder thereof, the Merger Consideration payable in respect thereof pursuant to
Section&nbsp;2.1 hereof; <U>provided</U>, <U>however</U>, that Parent may, in its discretion and as a condition precedent to the payment of such Merger Consideration, require the owners of such lost, stolen or destroyed Certificates to deliver a
bond in such sum as it may reasonably direct as indemnity against any claim that may be made against Parent, the Surviving Corporation or the Paying Agent with respect to the Certificates alleged to have been lost, stolen or destroyed. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;2.3 <U>Dissenting Shares</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(a) Notwithstanding anything in this Agreement to the contrary, Shares outstanding immediately prior to the Effective Time and held by a holder who is </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">13 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">entitled to demand and properly demands appraisal of such Shares (&#147;<U>Dissenting Shares</U>&#148;) pursuant to, and who complies in all respects with,
Section&nbsp;262 of the DGCL (the &#147;<U>Appraisal Rights</U>&#148;) shall be entitled to payment of the fair value of such Dissenting Shares in accordance with the Appraisal Rights; <U>provided</U>, <U>however</U>, that if any such holder shall
fail to perfect or otherwise shall waive, withdraw or lose the right to dissent under the Appraisal Rights, then the right of such holder to be paid the fair value of such holder&#146;s Dissenting Shares shall cease and such Dissenting Shares shall
be deemed to have been converted as of the Effective Time into, and to have become exchangeable solely for the right to receive the Merger Consideration. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(b) The Company shall serve prompt notice to Purchaser of any demands received by the Company for dissenter&#146;s rights of any Shares, and Purchaser shall have the right to participate in all negotiations and
proceedings with respect to such demands. Prior to the Effective Time, the Company shall not, without the prior written consent of Purchaser, make any payment with respect to, or settle or compromise or offer to settle or compromise, any such
demand, or agree to do any of the foregoing. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;2.4 <U>Top-Up Options</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>90% Top-Up Option</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(i) The Company hereby grants to Purchaser an irrevocable option (the &#147;<U>90% Top-Up Option</U>&#148;), exercisable only upon the terms and subject to the conditions set forth herein, to purchase with a promissory note, bearing simple
interest at 6%&nbsp;per annum, and due 30 days after the purchase (a &#147;<U>Promissory Note</U>&#148;), at a price per share equal to the Offer Price, that number of shares of Common Stock (the &#147;<U>90% Top-Up Option Shares</U>&#148;) equal to
the lesser of (x)&nbsp;the lowest number of shares of Common Stock that, when added to the number of shares of Common Stock owned by Parent, Purchaser and their respective subsidiaries and affiliates at the time of such exercise, shall constitute
ten thousand (10,000)&nbsp;shares more than 90% of the shares of Common Stock then outstanding (after giving effect to the issuance of the 90% Top-Up Option Shares) and (y)&nbsp;an aggregate number of shares of Common Stock that is equal to 19.9% of
the shares of Common Stock issued and outstanding as of the date hereof; <U>provided</U>, <U>however</U>, that the 90% Top-Up Option shall not be exercisable unless, immediately after such exercise and the issuance of shares of Common Stock pursuant
thereto, the Short Form Threshold would be reached (assuming the issuance of the 90% Top-Up Option Shares); and <U>provided<I></I>, </U><U>further</U>, that in no event shall the 90% Top-Up Option be exercisable for a number of shares of Common
stock in excess of the Company&#146;s total authorized and unissued shares of Common Stock. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(ii) Provided that no
applicable law, rule, regulation, order, injunction or other legal impediment shall prohibit the exercise of the 90% Top-Up Option or the issuance of the 90% Top-Up Option Shares pursuant thereto, or otherwise make such exercise or issuance illegal,
Purchaser may exercise the 90% Top-Up Option, in whole but not in part, at any one time after the Appointment Time and prior to the earlier to occur of (i)&nbsp;the Effective Time and (ii)&nbsp;the termination of this Agreement pursuant to
Section&nbsp;8.1. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">14 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(iii) In the event Purchaser wishes to exercise the 90% Top-Up Option, Purchaser shall
send to the Company a written notice (a &#147;<U>90% Top-Up Exercise Notice</U>,&#148; the date of which notice is referred to herein as the &#147;<U>90% Top-Up Notice Date</U>&#148;) specifying the denominations of the certificate or certificates
evidencing the 90% Top-Up Option Shares which the Purchaser wishes to receive, and the place, time and date for the closing of the purchase and sale pursuant to the 90% Top-Up Option (the &#147;<U>90% Top-Up Closing</U>&#148;). The Company shall,
promptly after receipt of the 90% Top-Up Exercise Notice, deliver a written notice to the Purchaser confirming the number of 90% Top-Up Option Shares and the aggregate purchase price therefore (the &#147;<U>90% Top-Up Notice Receipt</U>&#148;). At
the 90% Top-Up Closing, Purchaser shall pay the Company the aggregate price required to be paid for the 90% Top-Up Option Shares, by delivery of a Promissory Note in an aggregate principal amount equal to the amount specified in the 90% Top-Up
Notice Receipt, and the Company shall cause to be issued to Purchaser a certificate or certificates representing the 90% Top-Up Option Shares. Such certificates may include any legends that are required by federal or state securities laws.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>50% Top-Up Option</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(i) In order to offset the dilutive impact of the issuance of Shares pursuant to the exercise, conversion or exchange of any Company Options, SARs, RSUs, Warrants, Equity Interests or other rights to acquire Shares
following the Appointment Time, the Company hereby grants to Purchaser an irrevocable option (the &#147;<U>50% Top-Up Option</U>&#148;), exercisable only upon the terms and subject to the conditions set forth herein, to purchase with a Promissory
Note, at a price per share equal to the Offer Price, that number of shares of Common Stock (the &#147;<U>50% Top-Up Option Shares</U>&#148;) equal to the lesser of (x)&nbsp;the lowest number of shares of Common Stock that, when added to the number
of shares of Common Stock owned by Parent, Purchaser and their respective subsidiaries and affiliates at the time of such exercise, shall constitute ten thousand (10,000)&nbsp;shares more than 50% of the shares of Common Stock then outstanding
(after giving effect to the issuance of the 50% Top-Up Option Shares) and (y)&nbsp;an aggregate number of shares of Common Stock that is equal to 19.9% of the shares of Common Stock issued and outstanding as of the date hereof; <U>provided</U>,
<U>however</U>, that the 50% Top-Up Option shall not be exercisable unless, immediately after such exercise and the issuance of shares of Common Stock pursuant thereto, Purchaser would own more than 50% of the Shares then outstanding (assuming the
issuance of the 50% Top-Up Option Shares); and <U>provided<I></I>, </U><U>further</U>, that in no event shall the 50% Top-Up Option be exercisable for a number of shares of Common stock in excess of the Company&#146;s total authorized and unissued
shares of Common Stock. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">15 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(ii) Provided that no applicable law, rule, regulation, order, injunction or other legal
impediment shall prohibit the exercise of the 50% Top-Up Option or the issuance of the 50% Top-Up Option Shares pursuant thereto, or otherwise make such exercise or issuance illegal, Purchaser may exercise the 50% Top-Up Option, in whole but not in
part, at any one time after the Appointment Time and prior to the earlier to occur of (i)&nbsp;the record date for the Special Meeting, and (ii)&nbsp;the termination of this Agreement pursuant to Section&nbsp;8.1. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(iii) In the event Purchaser wishes to exercise the 50% Top-Up Option, Purchaser shall send to the Company a written notice (a
&#147;5<U>0% Top-Up Exercise Notice</U>,&#148; the date of which notice is referred to herein as the &#147;5<U>0% Top-Up Notice Date</U>&#148;) specifying the denominations of the certificate or certificates evidencing the 50% Top-Up Option Shares
which the Purchaser wishes to receive, and the place, time and date for the closing of the purchase and sale pursuant to the 50% Top-Up Option (the &#147;5<U>0% Top-Up Closing</U>&#148;). The Company shall, promptly after receipt of the 50% Top-Up
Exercise Notice, deliver a written notice to the Purchaser confirming the number of 50% Top-Up Option Shares and the aggregate purchase price therefore (the &#147;5<U>0% Top-Up Notice Receipt</U>&#148;). At the 50% Top-Up Closing, Purchaser shall
pay the Company the aggregate price required to be paid for the 50% Top-Up Option Shares by delivery of a Promissory Note in an aggregate principal amount equal to the aggregate purchase price specified in the 50% Top-Up Notice Receipt, and the
Company shall cause to be issued to Purchaser a certificate or certificates representing the 50% Top-Up Option Shares. Such certificates may include any legends that are required by federal or state securities laws. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;2.5 <U>Treatment of Options, Restricted Stock and other Equity Awards</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) At the Effective Time, each option, or portion thereof, to purchase Shares granted pursuant to the Company Stock Plans (&#147;<U>Company
Options</U>&#148;) or stock appreciation right, or portion thereof, whether settled in cash or Shares (&#147;<U>SAR</U>&#148;), in each case granted pursuant to the Company Stock Plans, that is outstanding and vested immediately prior to the
Effective Time, shall be deemed exercised and automatically converted into the right to receive an amount in cash equal to the product obtained by multiplying (x)&nbsp;the aggregate number of Shares for which such Company Option or SAR was vested
and exercisable immediately prior to the Effective Time and (y)&nbsp;the excess, if any, of the Merger Consideration less the per Share exercise price of such Company Option or SAR (the &#147;<U>Option Consideration</U>&#148;) after which it shall
be cancelled and extinguished. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) At the Effective Time, each Company Option and SAR that was outstanding and unvested immediately prior
to the Effective Time shall be assumed by the Parent and converted into the right to receive the Option Consideration, provided that the Company Option or SAR shall be subject to the same vesting arrangements that were applicable to such Company
Option or SAR immediately prior to the Effective Time and Parent&#146;s obligation to pay the Option Consideration will only become payable to the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">16 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">extent that such vesting requirements are satisfied. For each Share subject to a Company Option or SAR which would have vested after the Effective Time under
the vesting schedule applicable to such Company Option or SAR immediately prior to the Effective Time, the holder thereof shall be entitled to a cash payment equal to the Option Consideration, and Parent shall pay the holder thereof the Option
Consideration as soon as administratively practicable after the day on which such Share would have vested. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) At the Effective Time, the
Merger Consideration payable with respect to each unvested Share subject to restrictions and forfeiture granted pursuant to the Company Stock Plans (&#147;<U>Restricted Stock</U>&#148;) shall be subject to the same restrictions and vesting
arrangements that were applicable to such unvested Restricted Stock immediately prior to the Effective Time. Therefore, cash otherwise payable pursuant to Section&nbsp;2.1 in exchange for the Restricted Stock issued and outstanding immediately prior
to the Effective Time (&#147;<U>Unvested Cash</U>&#148;) shall not automatically be payable by Parent at the Effective Time, and shall instead become payable by Parent on the date that such Shares of Restricted Stock would have become vested under
the vesting schedule in place for such shares immediately prior to or at the Effective Time (subject to the restrictions and other terms of such vesting schedule). Parent shall make all such required payments to holders of Unvested Cash as soon as
administratively practicable after the day on which such Unvested Cash would have become vested under the original vesting schedule. All outstanding rights to repurchase Restricted Stock that the Company may hold or similar restrictions in the
Company&#146;s favor immediately prior to the Effective Time (all such rights, the &#147;<U>Repurchase Rights</U>&#148;) shall be assigned to Parent in the Merger and shall thereafter be exercisable by Parent upon the same terms and subject to the
same conditions that were in effect immediately prior to the Effective Time, except that Repurchase Rights may be exercised by Parent retaining the Unvested Cash into which such Restricted Stock has been converted, and paying to the former holder
thereof the repurchase price in effect for each such Share subject to that Repurchase Right immediately prior to the Effective Time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d)
At the Effective Time, each Share subject to a Restricted Stock Unit granted pursuant to the Company Stock Plans (&#147;<U>RSU</U>&#148;) that is outstanding immediately prior to the Effective Time will be assumed by the Parent and converted into
the potential right to receive a cash payment equal to the Merger Consideration (the &#147;<U>RSU Consideration</U>&#148;); provided, however, that the RSU shall be subject to the same vesting arrangements that were applicable immediately prior to
the Effective Time and payment of the RSU Consideration with respect to a Share subject to an RSU will only become payable by the Parent to the extent that such vesting requirements are satisfied. For each Share subject to an RSU which would have
vested after the Effective Time, the holder thereof shall be entitled to a cash payment equal to the RSU Consideration, and Parent shall pay the holder thereof the RSU Consideration as soon as administratively practicable after the day on which such
Share subject to the RSU would have vested. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) The Company shall take all necessary actions, including obtaining any required consents
from holders of outstanding Company Options, SARs, Restricted Stock and RSUs necessary to effect the transactions described in Sections 2.5(a)-(d)&nbsp;above pursuant to the terms of the applicable Company Stock Plans and agreements </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">17 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">evidencing the Company Options, SARs Restricted Stock and RSUs. All amounts payable pursuant to Sections 2.5(a)-(d)&nbsp;shall be paid without interest, and
no Unvested Cash or RSU Consideration or rights to receive any payments pursuant to Section&nbsp;2.5(c) and (d)&nbsp;may be pledged, encumbered, sold, assigned or transferred (including any transfer by operation of law), by any Person, other than
Parent, or be taken or reached by any legal or equitable process in satisfaction of any liability of such Person, prior to the distribution to such Person of such Unvested Cash or RSU Consideration or payment pursuant to Section&nbsp;2.5(c) and (d),
in accordance with this Agreement. Any payments made pursuant to this Section&nbsp;2.5 shall be net of all applicable withholding taxes that Parent, Purchaser, the Surviving Corporation and the Paying Agent, as the case may be, shall be required to
deduct and withhold from the relevant Option Consideration, Unvested Cash, RSU Consideration, or Merger Consideration under the Code, the rules and regulations promulgated thereunder or any provision of applicable state, local or foreign law. To the
extent that amounts are so withheld by Parent, Purchaser, the Surviving Corporation or the Paying Agent, such amounts shall be treated for all purposes of this Agreement as having been paid to the holder of Shares in respect of which such deduction
and withholding was made by Parent, Purchaser, the Surviving Corporation or the Paying Agent. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;2.6 <U>Treatment of Employee
Stock Purchase Plan</U>. Each outstanding purchase right (each, a &#147;<U>Purchase Right</U>&#148;) under the Company&#146;s 1999 Employee Stock Purchase Plan (the &#147;<U>ESPP</U>&#148;) shall be cancelled immediately prior to the Effective Time
and converted into the right to receive at the Effective Time from Parent, an amount (subject to any withholding tax required by applicable law) in cash equal to the product obtained by multiplying (x)&nbsp;the number of Shares issuable to the
holder of such Purchase Right had such Purchase Right been exercised immediately prior to the Effective Time and (y)&nbsp;the amount by which the Merger Consideration exceeds the purchase price under such Purchase Right. Within five (5)&nbsp;days
following the Effective Time, Parent shall cause the Company to return to participants their respective accumulated payroll contributions not applied to the purchase of Shares under the ESPP, if any. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;2.7 <U>Treatment of Warrants</U>. At the Effective Time, each warrant to purchase Shares (the &#147;<U>Warrants</U>&#148;) that is issued
and outstanding immediately prior to the Effective Time and not terminated pursuant to its terms shall be assumed by Parent and converted into the right to receive cash equal to the product obtained by multiplying (x)&nbsp;the aggregate number of
Shares for which such Warrant was exercisable immediately prior to the Effective Time and (y)&nbsp;the excess, if any, of the Merger Consideration less the per Share exercise price of such Warrant (the &#147;<U>Warrant Consideration</U>&#148;). The
Company shall take all necessary actions, including obtaining any required consents from holders of outstanding Warrants necessary to effect such assumption pursuant to the terms of the applicable Warrant. Any payments made pursuant to this
Section&nbsp;2.7 shall be net of all applicable withholding taxes that Parent, Purchaser, the Surviving Corporation and the Paying Agent, as the case may be, shall be required to deduct and withhold from the Warrant Consideration under the Code, the
rules and regulations promulgated thereunder or any provision of applicable state, local or foreign law. To the extent that amounts are so withheld by Parent, Purchaser, the </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">18 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Surviving Corporation or the Paying Agent, such amounts shall be treated for all purposes of this Agreement as having been paid to the holder of Warrants in
respect of which such deduction and withholding was made by Parent, Purchaser, the Surviving Corporation or the Paying Agent. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE III
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">REPRESENTATIONS AND </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">WARRANTIES
OF THE COMPANY </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">Except as set forth in the Company&#146;s disclosure schedule delivered to Parent immediately prior to the execution of
this Agreement (the &#147;<U>Company Disclosure Schedule</U>&#148;), the Company represents and warrants to Parent and Purchaser as set forth below. Each disclosure set forth in the Company Disclosure Schedule is identified by reference to, or has
been grouped under a heading referring to, a specific section of this Agreement and disclosure made pursuant to any section thereof shall be deemed to be disclosed on each of the other sections of the Company Disclosure Schedule to the extent the
applicability of the disclosure to such other section is reasonably apparent from the disclosure made. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.1
<U>Organization</U>. (a)&nbsp;The Company and each of the Company Subsidiaries is a corporation or other legal entity duly organized, validly existing and in good standing (with respect to jurisdictions which recognize such concept) under the laws
of the jurisdiction in which it is organized and has the requisite corporate or other power, as the case may be, and authority to conduct its business as now being conducted, except, as to Company Subsidiaries, for those jurisdictions where the
failure to be so organized, existing or in good standing would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. The Company and each of the Company Subsidiaries is duly qualified or licensed to
do business and is in good standing (with respect to jurisdictions which recognize such concept) in each jurisdiction in which the nature of its business or the ownership, leasing or operation of its properties makes such qualification or licensing
necessary, except for those jurisdictions where the failure to be so qualified or licensed or to be in good standing would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. The Company has
delivered to or made available to Parent and Purchaser prior to the execution of this Agreement true and complete copies of any amendments to the Company Governing Documents not filed as of the date hereof with the SEC. The Company is in compliance
with the terms of the Company Governing Documents. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Subsidiaries</U>. Exhibit 21 to the Company&#146;s Annual Report on Form 10-K
for the fiscal year ended December&nbsp;31, 2005, includes all the Company Subsidiaries that, as of the date of this Agreement, are &#147;<U>Significant Subsidiaries</U>&#148; (as defined in Rule 1-02 of Regulation S-X of the SEC). All outstanding
shares of capital stock of, or other Equity Interests in, each such Significant Subsidiary have been validly issued and are fully paid and nonassessable and are owned directly or indirectly by the Company, free and clear of any Liens, other than
Permitted Liens. Other than the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">19 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Company Subsidiaries, the Company does not directly or indirectly beneficially own any Equity Interests in any other Person except for non-controlling
investments made in the ordinary course of business in entities which are not individually or in the aggregate material to the Company and the Company Subsidiaries as a whole. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.2 <U>Capitalization</U>. (a)&nbsp;The authorized capital stock of the Company consists of (i)&nbsp;750,001,200 shares of common stock,
par value $0.0001 per share (the &#147;<U>Common Stock</U>&#148;), (ii)&nbsp;10,000,000 shares of preferred stock, par value $0.0001 per share (the &#147;<U>Preferred Stock</U>&#148;), of which 250,000 shares has been designated Series A Junior
Participating Preferred Stock, par value $0.0001 per share (the &#147;<U>Junior Preferred Stock</U>&#148;) and reserved for issuance in connection with the rights (the &#147;<U>Company Rights</U>&#148;) issued pursuant to the Rights Agreement dated
as of June&nbsp;12, 2001 (as amended from time to time, the &#147;<U>Company Rights Agreement</U>&#148;) between the Company and U.S. Stock Transfer Corporation, as Rights Agent. As of December 15, 2006, (A)&nbsp;69,908,406 shares of Common Stock
were issued and outstanding, (B)&nbsp;no shares of Preferred Stock were issued and outstanding, (C)&nbsp;no shares of Junior Preferred Stock were issued and outstanding, (D)&nbsp;no shares of Common Stock were issued and held in the treasury of the
Company or otherwise owned by the Company, (E)&nbsp;7,592,036 shares of Common Stock were issuable (and such number was reserved for issuance) upon exercise of Warrants, and (F)&nbsp;20,477,738 shares of Common Stock were reserved for issuance
pursuant to the Company Stock Plans of which 13,551,160 shares of Common Stock were subject to outstanding Company Options, SARs and RSUs (collectively, the &#147;<U>Company Stock Rights</U>&#148;) and Restricted Stock. All of the outstanding shares
of the Company&#146;s capital stock are, and all Shares which may be issued pursuant to the exercise of outstanding Company Stock Rights and Warrants will be, when issued in accordance with the terms thereof, duly authorized, validly issued, fully
paid and non-assessable. Except for issuances of Shares pursuant to Company Stock Rights described in the first sentence of Section&nbsp;3.2(b) and Warrants described in Section&nbsp;3.2(c), since December&nbsp;15, 2006, the Company has not issued
any Shares or designated or issued any shares of Preferred Stock or Junior Preferred Stock. There are no bonds, debentures, notes or other indebtedness having general voting rights (or convertible into securities having such rights) (&#147;<U>Voting
Debt&#148;</U>) of the Company or any Company Subsidiary issued and outstanding. Except for the Company Rights issuable pursuant to the Company Rights Agreement, the Company Stock Rights described in the first sentence of Section&nbsp;3.2(b) and the
Warrants described in Section&nbsp;3.2(c), there are no (x)&nbsp;options, warrants, calls, pre-emptive rights, subscriptions or other rights, agreements, arrangements or commitments of any kind, including any stockholder rights plan, relating to the
issued or unissued capital stock of the Company or any Company Subsidiary, obligating the Company or any Company Subsidiary to issue, transfer or sell or cause to be issued, transferred or sold any shares of capital stock or Voting Debt of, or other
equity interest in, the Company or any Company Subsidiary or securities convertible into or exchangeable for such shares or equity interests, or obligating the Company or any Company Subsidiary to grant, extend or enter into any such option,
warrant, call, subscription or other right, agreement, arrangement or commitment (collectively, &#147;<U>Equity Interests</U>&#148;) or (y)&nbsp;outstanding contractual obligations of the Company or any Company Subsidiary to repurchase, redeem or
otherwise acquire any Shares or any capital stock of, or other Equity Interests in, the Company or any Company Subsidiary or to provide funds to make any investment (in the form of a loan, capital contribution or otherwise) in the Company or any
Company Subsidiary. No Company Subsidiary owns any Shares. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">20 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) As of December&nbsp;15, 2006, the Company had outstanding Company Options to purchase 13,539,699
shares of Common Stock and no SARs for a maximum of 13,539,699 shares of Common Stock, no RSUs for a maximum of 0 shares of Common Stock and 11,461 shares of Restricted Stock granted under Company Stock Plans. All of such Company Stock Rights and
Restricted Stock have been granted to service providers of the Company and the Company Subsidiaries in the ordinary course of business pursuant to the Company Stock Plans. Section&nbsp;3.2(b) of the Company Disclosure Schedule sets forth a listing
of all outstanding Company Stock Rights and shares of Restricted Stock as of December&nbsp;15, 2006 and (i)&nbsp;the date of their grant and the portion of which that is vested as of December&nbsp;15, 2006 and if applicable, the exercise price
therefor, (ii)&nbsp;the date upon which each Company Stock Right would normally be expected to expire absent termination of employment or other acceleration, and (iii)&nbsp;whether or not such Company Option is intended to qualify as an
&#147;incentive stock option&#148; within the meaning of Section&nbsp;422 of the Code. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) As of December&nbsp;15, 2006, the Company had
outstanding Warrants to purchase 4,159,586 shares of Common Stock at an exercise price of $5.00 per share and Warrants to purchase 3,432,450 shares of Common Stock at an exercise price of $9.50 per share. Section&nbsp;3.2(c) of the Company
Disclosure Schedule sets forth a listing of all outstanding Warrants as of December&nbsp;15, 2006, their date of grant, their expiration date and the exercise price therefore. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) There are no voting trusts or other agreements to which the Company or any Company Subsidiary is a party with respect to the voting of the
Company&#146;s Common Stock or any capital stock of, or other equity interest of the Company or any of the Company Subsidiaries. Neither the Company nor any Company Subsidiary has granted any preemptive rights, anti-dilutive rights or rights of
first refusal or similar rights. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.3 <U>Authorization; Validity of Agreement; Company Action</U>. The Company has all
necessary corporate power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the Transactions. The execution, delivery and performance by the Company of this Agreement, and the consummation by
it of the Transactions, have been duly and validly authorized by the Company Board of Directors and, no other corporate action on the part of the Company is necessary to authorize the execution and delivery by the Company of this Agreement and the
consummation by it of the Transactions, subject, in the case of the Merger, to the approval of this Agreement by the holders of a majority of all of the Shares entitled to be cast, if required by applicable law. This Agreement has been duly executed
and delivered by the Company and, assuming due and valid authorization, execution and delivery hereof by Parent and Purchaser, is a valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except that
(i)&nbsp;such enforcement may be subject to applicable bankruptcy, insolvency or other similar laws, now or hereafter in effect, affecting creditors&#146; rights </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">21 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">generally and (ii)&nbsp;the remedy of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and to the
discretion of the court before which any proceeding therefor may be brought. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.4 <U>Board Approvals</U>. The Company Board
of Directors, at a meeting duly called and held, has unanimously (i)&nbsp;determined that this Agreement, the Offer, the Merger and other Transactions are advisable, fair to, and in the best interests of the stockholders of the Company,
(ii)&nbsp;duly and validly approved and taken all corporate action required to be taken by the Company Board of Directors to authorize the consummation of the Transactions, (iii)&nbsp;approved this Agreement and the transactions contemplated hereby
(including the Offer and the Merger) and the Support Agreements, which approval, to the extent applicable, constituted approval under the provisions of Section&nbsp;203 of the DGCL as a result of which this Agreement and the transactions
contemplated hereby, including the Offer and the Merger, as well as the Support Agreements and the transactions contemplated thereby, are not and will not be subject to the restrictions on &#147;business combinations&#148; under, the provision of
Section&nbsp;203 of the DGCL; and (iv)&nbsp;recommended that the stockholders of the Company accept the Offer, tender their Shares to Purchaser pursuant to the Offer, and adopt this Agreement. No further corporate action is required by the Company
Board of Directors, pursuant to the DGCL or otherwise, in order for the Company to approve this Agreement, the Support Agreements or the Transactions, including the Offer and the Merger, subject, in the case of the Merger, to the approval of this
Agreement by the holders of a majority of the outstanding Shares, if required by applicable law, as contemplated by Section&nbsp;1.9, which is the only stockholder vote that is required for adoption of this Agreement and the consummation of the
Merger by the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.5 <U>Consents and Approvals; No Violations</U>. (a)&nbsp;None of the execution, delivery or
performance of this Agreement by the Company, the acceptance for payment or acquisition of Shares pursuant to the Offer, the consummation by the Company of the Merger or any other Transaction or compliance by the Company with any of the provisions
of this Agreement will (i)&nbsp;conflict with or result in any breach of any provision of the Company Governing Documents or the organizational documents of any Company Subsidiary, (ii)&nbsp;require any filing by the Company or any Company
Subsidiary, or the permit, authorization, consent or approval of, any court, arbitral tribunal, administrative agency or commission or other governmental or other regulatory authority or agency, foreign, federal, state, local or supernational entity
(a &#147;<U>Governmental Entity</U>&#148;) (except for (A)&nbsp;compliance with any applicable requirements of the Exchange Act, (B)&nbsp;any filings as may be required under the DGCL in connection with the Merger, (C)&nbsp;filings, permits,
authorizations, consents and approvals as may be required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the &#147;<U>HSR Act</U>&#148;) and the Required Governmental Approvals, or (D)&nbsp;the filing with the SEC and
the Nasdaq of (1)&nbsp;the Schedule 14D-9, (2)&nbsp;a Proxy Statement if stockholder approval of the Merger is required by applicable law, (3)&nbsp;the information required by Rule 14f-1 under the Exchange Act and (4)&nbsp;such reports under
Section&nbsp;13(a) of the Exchange Act as may be required in connection with this Agreement and the Offer and the Merger), (iii)&nbsp;automatically result in a modification, violation or breach of, or constitute (with or without notice or lapse of
time or both) a default (or give rise to any right, including, but </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">22 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">not limited to, any right of termination, amendment, cancellation or acceleration) under, any of the terms, conditions or provisions of any note, bond,
mortgage, lien, indenture, lease, license, contract or agreement, or other instrument or obligation to which the Company or any Company Subsidiary is a party or by which any of them or any of their respective properties or assets is bound (the
&#147;<U>Company Agreements</U>&#148;) and which are set forth on the Company Disclosure Schedule or should be so set forth (such Company Agreements, the &#147;<U>Company Scheduled Agreements</U>&#148;) or (iv)&nbsp;violate any order, writ,
injunction, decree, statute, rule or regulation applicable to the Company, any Company Subsidiary or any of their respective properties or assets; except in the case of clauses (ii), (iii)&nbsp;or (iv)&nbsp;where (x)&nbsp;any failure to obtain such
permits, authorizations, consents or approvals, (y)&nbsp;any failure to make such filings or (z)&nbsp;any such modifications, violations, rights, breaches or defaults have not had and would not reasonably be expected to have, individually or in the
aggregate, a Company Material Adverse Effect or have a material adverse effect on the ability of the Company to consummate the Offer, the Merger and the other Transactions. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) The Company and the Company Board of Directors have taken all action reasonably necessary to (i)&nbsp;render the Company Rights inapplicable to this
Agreement, the Support Agreements, the Offer, the Merger and the other Transactions and (ii)&nbsp;ensure that (A)&nbsp;neither Parent nor any of its stockholders, affiliates or associates is or will become an &#147;Acquiring Person&#148; (as defined
in the Company Rights Agreement) solely by reason of this Agreement, the Support Agreements, the Offer, the Merger or any other Transaction, (B)&nbsp;a &#147;Distribution Date&#148; (as defined in the Company Rights Agreement) shall not occur solely
by reason of this Agreement, the Support Agreements, the Offer, the Merger or any other Transaction and (C)&nbsp;the Company Rights shall expire at the Effective Time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
FACE="Times New Roman" SIZE="2">Section&nbsp;3.6 <U>Company SEC Documents and Financial Statements</U>. (a)&nbsp;The Company and each of the Company Subsidiaries has filed or furnished (as applicable) with the SEC all forms, reports, schedules,
statements and other documents required by it to be filed or furnished (as applicable) since and including September&nbsp;30, 2002, under the Exchange Act or the Securities Act of 1933, as amended (the &#147;<U>Securities Act</U>&#148;) (together
with all certifications required pursuant to the Sarbanes-Oxley Act of 2002 (the &#147;<U>Sarbanes-Oxley Act</U>&#148;)) (such documents and any other documents filed by the Company and each Company Subsidiary with the SEC, as have been amended
since the time of their filing, collectively, the &#147;<U>Company SEC Documents</U>&#148;). As of their respective filing dates the Company SEC Documents (i)&nbsp;did not (or with respect to Company SEC Documents filed after the date hereof, will
not) contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading
and (ii)&nbsp;complied in all material respects with the applicable requirements of the Exchange Act or the Securities Act, as the case may be, the Sarbanes-Oxley Act and the applicable rules and regulations of the SEC thereunder. None of the
Company Subsidiaries is currently required to file any forms, reports or other documents with the SEC. All of the audited consolidated financial statements and unaudited consolidated interim financial statements of the Company and its consolidated
Subsidiaries included in the Company SEC Documents </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">23 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">(collectively, the &#147;<U>Financial Statements</U>&#148;), (A)&nbsp;have been or will be, as the case may be, prepared from, are in accordance with, and
accurately reflect the books and records of the Company and its consolidated Subsidiaries in all material respects, (B)&nbsp;have been or will be, as the case may be, prepared in accordance with United States generally accepted accounting principles
(&#147;<U>GAAP</U>&#148;) applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto or, in the case of interim financial statements, for normal and recurring year-end adjustments and as may be
permitted by the SEC on Form 10-Q, 8-K or any successor or like form under the Exchange Act) and (C)&nbsp;fairly present in all material respects the consolidated financial position and the consolidated results of operations and cash flows of the
Company and its consolidated Subsidiaries as of the times and for the periods referred to therein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) Without limiting the generality of
Section&nbsp;3.6(a), (i)&nbsp;PricewaterhouseCoopers LLP has not resigned or been dismissed as independent public accountant of the Company as a result of or in connection with any disagreement with the Company on a matter of accounting principles
or practices, financial statement disclosure or auditing scope or procedure, (ii)&nbsp;no executive officer of the Company has failed in any respect to make, without qualification, the certifications required of him or her under Section&nbsp;302 or
906 of the Sarbanes-Oxley Act with respect to any form, report or schedule filed by the Company with the SEC since the enactment of the Sarbanes-Oxley Act and (iii)&nbsp;no enforcement action has been initiated or, to the knowledge of the Company,
threatened against the Company by the SEC relating to disclosures contained in any Company SEC Document. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.7 <U>Internal
Controls; Sarbanes-Oxley Act.</U> (a) The Company and the Company Subsidiaries have designed and maintained a system of internal controls over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) sufficient to
provide reasonable assurances regarding the reliability of financial reporting. The Company (i)&nbsp;has designed and maintains disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) to ensure that
material information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC&#146;s rules and forms and is
accumulated and communicated to the Company&#146;s management as appropriate to allow timely decisions regarding required disclosure and (ii)&nbsp;has disclosed to the Company&#146;s auditors and the audit committee of the Company Board of Directors
(and made summaries of such disclosures available to Parent) (A)&nbsp;any significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting that are reasonably likely to adversely affect in any
material respect the Company&#146;s ability to record, process, summarize and report financial information and (B)&nbsp;any fraud, whether or not material, that involves management or other employees who have a significant role in the Company&#146;s
internal controls over financial reporting. The Company is in compliance in all material respects with all effective provisions of the Sarbanes-Oxley Act. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(b) Neither the Company nor any of its Subsidiaries nor, to the Company&#146;s knowledge, any director, officer, auditor, accountant or representative of the Company or any of its Subsidiaries has received or
otherwise had or obtained knowledge </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">24 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">of any substantive complaint, allegation, assertion or claim, whether written or oral, that the Company or any of its Subsidiaries has engaged in
questionable accounting or auditing practices. No current or former attorney representing the Company or any of its Subsidiaries has reported evidence of a material violation of securities laws, breach of fiduciary duty or similar violation by the
Company or any of its officers, directors, employees or agents to the current Company Board or any committee thereof or to any current director or executive officer of the Company. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) To the Company&#146;s knowledge, no employee of the Company or any of its Subsidiaries has provided or is providing information to any law
enforcement agency regarding the commission or possible commission of any crime or the violation or possible violation of any applicable legal requirements of the type described in Section&nbsp;806 of the Sarbanes-Oxley Act by the Company or any of
its Subsidiaries. Neither the Company nor any of its Subsidiaries nor, to the knowledge of the Company, any director, officer, employee, contractor, subcontractor or agent of the Company or any such Subsidiary has discharged, demoted, suspended,
threatened, harassed or in any other manner discriminated against an employee of the Company or any of its Subsidiaries in the terms and conditions of employment because of any lawful act of such employee described in Section&nbsp;806 of the
Sarbanes-Oxley Act. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.8 <U>Absence of Certain Changes</U>. (a)&nbsp;Except as contemplated by this Agreement or in the
Company SEC Documents filed prior to the date hereof, since December&nbsp;31, 2005 (the &#147;<U>Balance Sheet Date</U>&#148;), each of the Company and each Company Subsidiary has conducted its respective business in the ordinary course of business
consistent with past practice. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) From the Balance Sheet Date through the date of this Agreement, no fact(s), change(s), event(s),
development(s) or circumstances have occurred, arisen, come into existence or become known, which have had or would reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, and (ii)&nbsp;no action has been
taken by the Company or any Company Subsidiary that, if taken during the period from the date of this Agreement through the Effective Time, would constitute a breach of the following subsections of Section&nbsp;5.1: (a)&nbsp;(b), (c), (d), (i), (m),
(p), (q), (s), (t)&nbsp;and (u). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.9 <U>No Undisclosed Liabilities</U>. Except (a)&nbsp;as reflected or otherwise reserved
against on the Financial Statements, (b)&nbsp;for liabilities and obligations incurred since September&nbsp;30, 2006 in the ordinary course of business, (c)&nbsp;for liabilities and obligations incurred under this Agreement or in connection with the
Transactions and (d)&nbsp;for liabilities and obligations incurred under any Company Agreement other than liabilities or obligations due to breaches thereunder, neither the Company nor any Company Subsidiary has incurred any liabilities or
obligations of any nature, whether or not accrued, contingent or otherwise required by GAAP to be recognized or disclosed on a consolidated balance sheet of the Company or any Company Subsidiary or in the notes thereto. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">25 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.10 <U>Litigation</U>. As of the date hereof, there is no claim, action, suit,
arbitration, investigation, alternative dispute resolution action or any other judicial or administrative proceeding, in law or equity (collectively, a &#147;<U>Legal Proceeding</U>&#148;), pending against (or, to the Company&#146;s knowledge,
threatened against or naming as a party thereto), the Company or any Company Subsidiary or to the Company&#146;s knowledge, any executive officer or director of the Company or any Company Subsidiary (in their capacity as such). None of the Company
or any Company Subsidiary is subject to any outstanding order, writ, injunction, decree or arbitration ruling or judgment of a Governmental Entity which has had or would reasonably be expected to have, individually or in the aggregate, a Company
Material Adverse Effect or prevent or materially delay the consummation of the Offer, the Merger or any of the other Transactions. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">Section&nbsp;3.11 <U>Employee Benefit Plans; ERISA</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) Section&nbsp;3.11(a) of the Company Disclosure Schedule sets forth a
correct and complete list of all material employee benefit plans, programs, agreements or arrangements, including pension, retirement, profit sharing, deferred compensation, stock option, change in control, retention, equity or equity-based
compensation, stock purchase, employee stock ownership, severance pay, vacation, bonus or other incentive plans, all medical, vision, dental or other health plans, all life insurance plans, and all other employee benefit plans or fringe benefit
plans, including &#147;employee benefit plans&#148; as that term is defined in Section&nbsp;3(3) of ERISA, in each case, whether oral or written, funded or unfunded, or insured or self-insured, maintained by the Company or any Company Subsidiary, or
to which the Company or any Company Subsidiary contributes or is obligated to contribute thereunder, or with respect to which the Company or any Company Subsidiary has or may have any liability (contingent or otherwise), in each case, for or to
(i)&nbsp;any current or former employees, directors or officers of the Company or any Company Subsidiary located primarily in the United States and/or their dependents (collectively, the &#147;Benefit Plans&#148;), or (ii)&nbsp;any current or former
employees, directors or officers of the Company or any Company Subsidiary not located primarily in the United States and/or their dependents (collectively, the &#147;Foreign Plans&#148;). For purposes of this Agreement, the term &#147;plan,&#148;
when used with respect to Foreign Plans, shall mean a &#147;scheme&#148; or other employee benefit program or arrangement in accordance with specific country usage. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(b) All Benefit Plans that are intended to be subject to Code Section&nbsp;401(a) and any trust agreement that is intended to be tax exempt under Code Section&nbsp;501(a) have been determined by the Internal Revenue
Service to be qualified under Code Section&nbsp;401(a) and exempt from taxation under Code Section&nbsp;501(a), and, to the knowledge of the Company, nothing has occurred that would adversely affect the qualification of any such plan. Except as has
not had and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect:&nbsp;(i)&nbsp;each Benefit Plan and any related trust subject to ERISA complies in all material respects with and has been
administered in substantial compliance with, (A)&nbsp;the provisions of ERISA, (B)&nbsp;all provisions of the Code, (C)&nbsp;all other applicable laws, and (D)&nbsp;its terms and the terms of any collective bargaining or collective labor agreements;
(ii)</FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">26 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">neither the Company nor any Company Subsidiary has received any written notice from any Governmental Entity questioning or challenging such compliance;
(iii)&nbsp;there are no unresolved claims or disputes under the terms of, or in connection with, the Benefit Plans other than claims for benefits which are payable in the ordinary course; (iv)&nbsp;there has not been any non-exempt &#147;prohibited
transaction&#148; (within the meaning of Section&nbsp;406 of ERISA or Section&nbsp;4975 of the Code) with respect to any Benefit Plan; (v)&nbsp;no litigation has been commenced with respect to any Benefit Plan and, to the knowledge of the Company,
no such litigation is threatened (other than routine claims for benefits in the normal course); (vi)&nbsp;there are no governmental audits or investigations pending or, to the knowledge of the Company, threatened in connection with any Benefit Plan;
and (vii)&nbsp;to the knowledge of the Company, there are not any facts that could give rise to any liability in the event of any governmental audit or investigation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(c) Neither the Company nor any ERISA Affiliate of the Company (as defined below) (i)&nbsp;has an &#147;obligation to contribute&#148; (as defined in ERISA Section&nbsp;4212) to a Benefit Plan that is a
&#147;multiemployer plan&#148; (as defined in ERISA Sections 4001(a)(3) and 3(37)(A)); (ii)&nbsp;sponsors, maintains or contributes to any plan, program or arrangement that provides for post-retirement or other post-employment welfare benefits
(other than health care continuation coverage as required by applicable law); and (iii ) sponsors a Foreign Plan that is a defined benefit pension plan intended to be registered or approved by any Governmental Entity. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) Neither the Company nor any ERISA Affiliate has ever maintained, established, sponsored, participated in, or contributed to, any defined benefit plan
(as defined in ERISA Section&nbsp;3(35)) subject to Part 3 of Subtitle B of Title I of ERISA, Title IV of ERISA or Section&nbsp;412 of the Code. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(e) Except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, (i)&nbsp;each Foreign Plan complies in all material respects with and has been administered in
substantial compliance with the laws of the applicable foreign country, (ii)&nbsp;each Foreign Plan which, under the laws of the applicable foreign country, is required to be registered or approved by any Governmental Entity, has been so registered
or approved, (iii)&nbsp;all contributions to each Foreign Plan required to be made by the Company or the Company Subsidiaries through the Closing Date have been or shall be made or, if applicable, shall be accrued in accordance with country-specific
accounting practices, (iv)&nbsp;no litigation has been commenced with respect to any Foreign Plan and, to the knowledge of the Company, no such litigation is threatened (other than routine claims for benefits in the normal course), (v)&nbsp;there
are no governmental audits or investigations pending or, to the knowledge of the Company, threatened in connection with any Foreign Plan and (vi)&nbsp;no condition exists that would prevent the Company or a Company Subsidiary from terminating or
amending any Foreign Plan at any time for any reason. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) Except as has not had and would not reasonably be expected to have, individually
or in the aggregate, a Company Material Adverse Effect, all reports, returns and similar documents with respect to all Benefit Plans or Foreign Plans required to be filed by the Company or any Company Subsidiary with any Governmental Entity or
distributed to any Benefit Plan or Foreign Plan participant have been duly and timely filed or distributed. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">27 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(g) Section&nbsp;3.11(g) of the Company Disclosure Schedule discloses each Benefit Plan that is an
employee welfare benefit plan which is (i)&nbsp;unfunded or self-insured or (ii)&nbsp;funded through a &#147;welfare benefit fund&#148;, as such term is defined in Code Section&nbsp;419(e) or other funding mechanism. Except as has not had and would
not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, each such employee welfare benefit plan may be amended or terminated (including with respect to benefits provided to retirees and other former
employees) without liability (other than benefits then payable under such plan without regard to such amendment or termination) to the Company or any Company Subsidiary at any time. Each of the Company and the Company Subsidiaries complies in all
material respects with the applicable requirements of Section&nbsp;4980B(f) of the Code or any similar state statute with respect to each Benefit Plan that is a group health plan within the meaning of Section&nbsp;5000(b)(1) of the Code or such
state statute. Neither the Company nor any Company Subsidiary has any material obligations for retiree health or life insurance benefits under any Benefit Plan (other than for continuation coverage under Section&nbsp;4980B(f) of the Code).
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(h) Except as may be required by applicable law, or as contemplated under this Agreement, neither the Company nor any Company Subsidiary
has any plan or commitment to create any additional Benefit Plans or Foreign Plans, or to amend or modify any existing Benefit Plan or Foreign Plan in such a manner as to materially increase the cost of such Benefit Plan or Foreign Plan to the
Company or any Company Subsidiary. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(i) Section&nbsp;3.11(i) of the Company Disclosure Schedule discloses: (i)&nbsp;each material payment
(including any bonus, severance, unemployment compensation, deferred compensation, forgiveness of indebtedness or golden parachute payment) becoming due to any current or former employee under any Benefit Plan or Foreign Plan because of this
Agreement (or the consummation of the Transactions); (ii)&nbsp;any increase in any material respect of any benefit otherwise payable under any Benefit Plan or Foreign Plan; (iii)&nbsp;any acceleration in any material respect of the time of payment
or vesting of any such benefits under any Benefit Plan or Foreign Plan; or (iv)&nbsp;any material obligation to fund any trust or other arrangement with respect to compensation or benefits under a Benefit Plan or Foreign Plan in each case caused or
triggered by the execution and delivery of this Agreement or the consummation of the Offer or the Merger or the other Transactions contemplated hereby. No payment or benefit which has been, will or may be made by the Company or any Company
Subsidiary with respect to any current or former employee located in the United States in connection with the execution and delivery of this Agreement or the consummation of the Transactions contemplated hereby would fail to be deductible under
Section&nbsp;162(m) of the Code. Neither this Agreement (or the consummation of the Transactions contemplated hereby) nor any other agreement, plan, arrangement or other contract between the Company or any Company Subsidiary and an employee or other
service provider that, considered individually or considered collectively with any other such agreements, plans, arrangements or other contracts, </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">28 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">could reasonably be expected to, give rise directly or indirectly to the payment of any amount that would be characterized as an &#147;excess parachute
payment&#148; within the meaning of Section&nbsp;280G(b)(1) of the Code. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(j) Correct and complete copies have been delivered or made
available to Parent by the Company of all material Benefit Plans and Foreign Plans (including all amendments and attachments thereto); written summaries of any material Benefit Plan not in writing, all related trust documents; all insurance
contracts or other funding arrangements to the degree applicable; the most recent annual information filings (Form 5500) and annual financial reports for those Benefit Plans (where required); the most recent determination letter from the Internal
Revenue Service (where required); all material written agreements and contracts relating to each Benefit Plan and Foreign Plan, including administrative service agreements and group insurance contracts; and the most recent summary plan descriptions
for the Benefit Plans (where required) and in respect of Benefit Plans and Foreign Plans, the most recent actuarial valuation and any subsequent valuation or funding advice (where required, including draft valuations). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(k) Neither the Company nor any Subsidiary has entered into any contract, agreement, arrangement or understanding with any officer or director of the
Company or any Company Subsidiary in connection with or in contemplation of the Transactions, except as contemplated by this Agreement or the Transactions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(l) To the knowledge of the Company, no payment pursuant to any Benefit Plans or other arrangement between the Company or a Company Subsidiary and any &#147;service provider&#148; (as such term is defined in
Section&nbsp;409A of the Code and the United States Treasury Regulations and IRS guidance thereunder), including, without limitation, the grant, vesting or exercise of any stock option or the grant or vesting of an RSU, would subject any Person to a
tax pursuant to Section&nbsp;409A of the Code, whether pursuant to the consummation of the Offer or the Merger, any other transactions contemplated by this Agreement or otherwise. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(m) All Company Options have been appropriately authorized by the Company&#146;s Board of Directors or an appropriate committee thereof, including
approval of the option exercise price or the methodology for determining the option exercise price and the substantive option terms. All Company Options granted to employees in the United States that are potentially subject to Code Section&nbsp;409A
have a per share exercise price which reflects the fair market value of the Company&#146;s common stock as determined in good faith compliance with Section&nbsp;409A of the Code on the date that the option was granted (within the meaning of United
States Treasury Regulation &#167;1.421-1(c)). To the knowledge of the Company, no Company Options have been retroactively granted, or the exercise price of any Company Option determined retroactively. The Company Board of Directors, at a meeting
duly called and held, has determined that each of the members of the Compensation Committee of the Company Board of Directors (the &#147;<U>Compensation Committee</U>&#148;) are, and the Company represents and warrants that each of the members of
the Compensation Committee are and at the Expiration Date will be, &#147;independent directors&#148; as defined in Rule 4200(a)(15) of the Nasdaq Marketplace Rules and eligible to serve on the Compensation Committee under the Exchange Act and all
applicable </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">29 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Nasdaq Marketplace Rules. On or prior to the date hereof, the Compensation Committee, at a meeting duly called and held, approved each Company Compensation
Arrangement as an &#147;employment compensation, severance or other employee benefit arrangement&#148; within the meaning of Rule 14d-10(d)(1) under the Exchange Act (an &#147;<U>Employment Compensation Arrangement</U>&#148;), and has taken all
other action necessary to satisfy the requirements of the non-exclusive safe-harbor with respect to such Company Compensation Arrangements in accordance to Rule 14d-10(d)(2) under the Exchange Act. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.12 <U>Taxes</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) The
Company and each Company Subsidiary has timely filed with the appropriate Governmental Entity all material Tax Returns required to be filed by them. All such Tax Returns are complete and accurate in all material respects. All material Taxes due and
owing by any of the Company and each Company Subsidiary on or before the date hereof (whether or not shown on any Tax Returns) have been paid, or both are being contested in good faith and have been reserved for in accordance with GAAP on the
Financial Statements. None of the Company or any Company Subsidiary currently is the beneficiary of any extension of time within which to file any material Tax Return. No claim has ever been made by a Tax authority in a jurisdiction where any of the
Company or any Company Subsidiary does not file Tax Returns that it is or may be subject to taxation by that jurisdiction. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) The unpaid
Taxes of the Company and each Company Subsidiary did not, as of the dates of the Financial Statements, exceed the reserve for Tax liability set forth on the face of the balance sheets contained in such Financial Statements. Since the date of the
most recent Financial Statements, neither the Company nor any of the Company Subsidiaries have incurred any liability for Taxes outside the ordinary course of business or otherwise inconsistent with past practice. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) No deficiencies for material Taxes with respect to any of the Company and the Company Subsidiaries have been claimed or proposed in writing or
assessed by any Tax authority. There are no pending or, to the Company&#146;s knowledge, threatened audits, assessments or other actions for or relating to any material liability in respect of Taxes of any of the Company or any of the Company
Subsidiaries, and there are no matters under discussion with any Tax authority, or known to the Company or any of the Company Subsidiaries, with respect to Taxes that are likely to result in an additional material liability for Taxes with respect to
any of the Company or any Company Subsidiaries. The Company has delivered or made available to Parent complete and accurate copies of federal, state and local income Tax Returns and other material Tax Returns of each of the Company and the Company
Subsidiaries and their predecessors for the years ended December&nbsp;31, 2003 through 2005, and complete and accurate copies of all examination reports and statements of deficiencies assessed against or agreed to by any of the Company and the
Company Subsidiaries or any predecessors since January&nbsp;1, 2003, with respect to Taxes of any type. Neither the Company nor any of the Company Subsidiaries nor any predecessor has waived any statute of limitations in respect of material Taxes or
agreed to any extension of time with respect to a material Tax assessment or deficiency, nor has any request been made in writing for any such extension or waiver. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">30 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) There are no Liens for Taxes upon the assets of any of the Company and the Company Subsidiaries
(other than with respect to Liens for Taxes (i)&nbsp;not yet due and payable or (ii)&nbsp;being contested in good faith and for which adequate reserves have been established in accordance with GAAP on the Financial Statements). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) None of the Company nor any of the Company Subsidiaries has been a United States real property holding corporation within the meaning of
Section&nbsp;897(c)(2) of the Code during the applicable period specified in Section&nbsp;897(c)(1)(A)(ii) of the Code. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) The Company
and each Company Subsidiary has withheld and paid all material Taxes required to have been withheld and paid in connection with amounts paid or owing to any employee, independent contractor, creditor, stockholder, or other third party. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(g) Neither the Company nor any of the Company Subsidiaries has any liability for the Taxes of any other Person (other than the Company and any of the
Company Subsidiaries) under Treasury Regulation Section&nbsp;1.1502&#150;6 (or any similar provision of state, local, or foreign law), as a transferee, by contract, or otherwise. None of the Company or any of the Company Subsidiaries has been a
member of an affiliated group filing a consolidated federal income Tax Return (other than a group the common parent of which is the Company). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(h) There are no Tax sharing agreements or similar arrangements (including indemnity arrangements) with respect to or involving any of the Company and the Company Subsidiaries (except for the allocation of Taxes set forth in leases,
contracts and commercial agreements entered into in the ordinary course of business), and, after the Closing Date, none of the Company nor any of the Company Subsidiaries shall be bound by any such Tax sharing agreements or similar arrangements or
have any liability thereunder for amounts due in respect of periods prior to the Closing Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(i) Neither the Company nor any of the
Company Subsidiaries has constituted a &#147;distributing corporation&#148; or a &#147;controlled corporation&#148; (within the meaning of Section&nbsp;355(a)(1)(A) of the Code) in a distribution of stock to which Section&nbsp;355 of the Code (or so
much of Section&nbsp;356 of the Code as relates to Section&nbsp;355 of the Code) applies. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(j) Neither the Company nor any of the Company
Subsidiaries (i)&nbsp;has agreed, or is required, to make any adjustment under Section&nbsp;481(a)&nbsp;of the Code for any period after the Closing Date by reason of a change in accounting method or otherwise; or (ii)&nbsp;is a shareholder of a
&#147;passive foreign investment company&#148; within the meaning of Section&nbsp;1297 of the Code. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(k) None of the Company nor any of the
Company Subsidiaries has entered into any transaction identified as a &#147;reportable transaction&#148; for purposes of Section&nbsp;6111 of the Code or Treasury Regulation &#167; 1.6011-4(b)(1), or analogous provisions of any state or local Tax
law. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">31 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.13 <U>Contracts</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) Except as filed as exhibits to the Company SEC Documents filed prior to the date hereof, there is no Company Agreement (a)&nbsp;any of the benefits to
any party of which will be increased, or the vesting of the benefits to any party of which will be accelerated, by the occurrence of any of the Transactions or (b)&nbsp;which, as of the date hereof, (i)&nbsp;is a &#147;material contract&#148; (as
such term is defined in Item&nbsp;601(b)(10) of Regulation S-K of the SEC), (ii)&nbsp;involves aggregate expenditures in excess of $20 million, (iii)&nbsp;involves annual expenditures in excess of $5 million and was not entered into in the ordinary
course of business, (iv)&nbsp;that contains &#147;take or pay&#148; provisions applicable to the Company or any Company Subsidiary, (v)&nbsp;that contains any non-compete or exclusivity provisions with respect to any line of business or geographic
area with respect to the Company or any Company Subsidiary, or upon consummation of the Transactions, Parent or its Subsidiaries, or which restricts the conduct of any line of business by the Company or any Company Subsidiary, or upon consummation
of the Transactions, Parent or its Subsidiaries, or any geographic area in which the Company or any Company Subsidiary, or upon consummation of the Transactions, Parent or its Subsidiaries conducts business, or (v)&nbsp;which would prohibit or
materially delay the consummation of the Offer, the Merger or any of the other Transactions. Each contract of the type described above in Section&nbsp;3.13, whether or not set forth in Section&nbsp;3.13 of the Company Disclosure Schedule, is
referred to herein as a &#147;<U>Company Material Contract</U>.&#148; Each Company Scheduled Agreement is valid and binding on the Company and each Company Subsidiary party thereto and, to the Company&#146;s knowledge, each other party thereto, as
applicable, and in full force and effect (except that (x)&nbsp;such enforcement may be subject to applicable bankruptcy, insolvency or other similar laws, now or hereafter in effect, affecting creditors&#146; rights generally and (y)&nbsp;the remedy
of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceeding therefor may be brought), and the Company and each Company Subsidiary has
performed in all material respects all obligations required to be performed by it under each Company Scheduled Agreement and, to the Company&#146;s knowledge, each other party to each Company Scheduled Agreement has performed in all material
respects all obligations required to be performed by it under such Company Scheduled Agreement, except as would not be reasonably expected to, (1)&nbsp;prevent or materially delay the consummation of the Offer, the Merger or any of the other
Transactions, or (2)&nbsp;result in, individually or in the aggregate, a Company Material Adverse Effect. None of the Company or any Company Subsidiary knows of, or has received notice of, any violation or default under (or any condition which with
the passage of time or the giving of notice would cause such a violation of or default under) any Company Scheduled Agreement except for violations or defaults that would not be reasonably expected to, (1)&nbsp;prevent or materially delay
consummation of the Offer or the Merger, or (2)&nbsp;result in, individually or in the aggregate, a Company Material Adverse Effect. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">32 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) The Company has delivered or made available to Parent or provided to Parent for review, prior to the
execution of this Agreement, true and complete copies of all of the Company Material Contracts or other Company Scheduled Agreements required to be disclosed in Section&nbsp;3.13 of the Company Disclosure Schedule, which are not filed as exhibits to
the Company SEC Documents and the Company Material Contracts required to be disclosed in Section&nbsp;3.13 of the Company Disclosure Schedule filed as exhibits to the Company SEC Documents are true and complete copies of such contracts. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.14 <U>Title to Properties; Encumbrances</U>. The Company and each of the Company Subsidiaries has good, valid and marketable title to,
or, in the case of leased properties and assets, valid leasehold interests in, all of its tangible properties and assets except where the failure to have such good, valid and marketable title has not had and would not reasonably be expected to have,
individually or in the aggregate, a Company Material Adverse Effect; in each case subject to no Liens, except for (a)&nbsp;Liens reflected in a consolidated balance sheet as of the Balance Sheet Date, (b)&nbsp;Liens consisting of zoning or planning
restrictions, easements, permits and other restrictions or limitations on the use of real property or irregularities in title thereto, which do not materially impair the value of such properties or the use of such property by the Company or any of
the Company Subsidiaries in the operation of its respective business, (c)&nbsp;Liens for current Taxes, assessments or governmental charges or levies on property not yet due and payable and Liens for Taxes that are being contested in good faith by
appropriate proceedings and for which an adequate reserve has been provided on the appropriate financial statements and (d)&nbsp;Liens which would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse
Effect (the foregoing Liens (a)-(d), &#147;<U>Permitted Liens</U>&#148;). The Company and each of the Company Subsidiaries is in compliance with the terms of all material leases of tangible properties to which they are a party, except for
non-compliance that would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. All such material leases are in full force and effect, and the Company and each of the Company Subsidiaries enjoys
peaceful and undisturbed possession under all such material leases. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.15 <U>Intellectual Property</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) Section&nbsp;3.15(a) of the Company Disclosure Schedule contains a complete and accurate list, as of the date hereof, of the following Owned Company
IP: (i)&nbsp;all Registered IP; and (ii)&nbsp;all unregistered Trademarks used in connection with Company Products; in each case listing, as applicable, (A)&nbsp;the name of the applicant or registrant and current owner, (B)&nbsp;the jurisdiction
where the application or registration is located, (C)&nbsp;the Governmental Entity with which the application or registration is filed, (D)&nbsp;the application or registration number, and (E)&nbsp;all proceedings or actions before any court or
tribunal (including the United States Patent and Trademark Office or any equivalent authority anywhere else in the world) related to Company Registered IP. The Company and each of the Company Subsidiaries has in a timely manner made all filings,
payments, and recordations and taken all other actions required to obtain and maintain ownership of all Intellectual Property Rights in each item of Company Registered IP. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">33 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) Section&nbsp;3.15(b) of the Company Disclosure Schedule contains a complete and accurate list of all
Company Agreements that are material to the Company, in effect as of the date hereof, in each case specifying the date of and parties to the agreement and whether such agreement is exclusive or non-exclusive, (i)&nbsp;under which the Company or any
of its Subsidiaries uses or has the right to use any Licensed Company IP, other than non-exclusive licenses and related services agreements for generally commercially available software that is not incorporated into any Company Products or
(ii)&nbsp;under which the Company or any of its Subsidiaries has licensed or otherwise permitted others the right to use any Company IP or Company Products (such agreements described in clauses (i)&nbsp;and (ii)&nbsp;above, the &#147;<U>Company IP
Agreements</U>&#148;). Neither the Company nor any of its Subsidiaries has granted any exclusive license under any Owned Company IP. To the knowledge of the Company, there are no pending disputes regarding the scope of any Company IP Agreements,
performance under any Company IP Agreements, or with respect to payments made or received under any Company IP Agreements, except where such disputes have not had and would not have, individually or in the aggregate, a Company Material Adverse
Effect. To the knowledge of the Company (A)&nbsp;no parties to the Company IP Agreements are in material breach thereof, and (B)&nbsp;all Company IP Agreements are binding and are in full force and effect except for those Company IP Agreements that
by their terms have expired or been terminated since the date hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) To the knowledge of the Company, the Company and its
Subsidiaries own or otherwise have all Intellectual Property Rights needed to conduct the business of the Company and its Subsidiaries as conducted prior to the Closing Date. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) The Company and its Subsidiaries exclusively own all right, title and interest in the Owned Company IP, free and clear of all Liens, other than Liens
which would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect and which for the purposes of this Section do not include licenses under Intellectual Property Rights. Without limiting the
foregoing, each Person who is or was an employee or contractor of Company or any of its Subsidiaries and who is or was involved in the creation or development of any Owned Company IP has executed a valid agreement containing an assignment of all
Intellectual Property Rights in such employee&#146;s or contractor&#146;s contribution to the Owned Company IP. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) Neither the Company
nor any of its Subsidiaries is or has been a member of, or a contributor to, any domestic or foreign industry standards body or similar organization which membership or contribution may require the Company or any of its Subsidiaries to grant or
offer to any other third party any license or right to any Company IP. No Governmental Entity has any ownership interest in any Owned Company IP, and neither Company nor its Subsidiaries use or have used any funding, facilities, or personnel of any
Governmental Entity in connection with the creation of the Owned Company IP in a manner that could give rise to an ownership interest in the Owned Company IP in favor of such Governmental Entity. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) The Company and each of its Subsidiaries has taken reasonable and appropriate steps to protect and preserve the confidentiality of the Trade Secrets
of </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">34 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Company and its Subsidiaries, and to the knowledge of the Company, there are no unauthorized uses, disclosures or infringements of any such Trade Secrets by
any Person that has had or would reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. To the Company&#146;s knowledge, all use and disclosure by the Company or any of its Subsidiaries of Trade Secrets
owned by another Person has been pursuant to the terms of a written agreement with such Person permitting such use or was otherwise lawful, except to the extent that any such use or disclosure that was not done in accordance with such a written
agreement does not and will not, individually or in the aggregate, give rise to a Company Material Adverse Effect. The Company and its Subsidiaries have executed confidentiality agreements with all employees and contractors to whom the Company or
its Subsidiaries have granted access to Trade Secrets, which agreements prohibit such employees and contractors from disclosing such Trade Secrets to third parties or using such Trade Secrets for any purpose other than for the benefit of the Company
or its Subsidiaries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(g) To the knowledge of the Company, none of the Company or any of its Subsidiaries or any of its or their current
products or services or other operation of the Company&#146;s or its Subsidiaries&#146; business has infringed upon or otherwise violated, or is infringing upon or otherwise violating, in any respect the Intellectual Property Rights of any third
party. To the knowledge of the Company as of the date hereof, no Person or any of such Person&#146;s products or services or other operation of such Person&#146;s business is infringing upon or otherwise violating any Owned Company IP in any
material respect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(h) No action, claim or proceeding alleging infringement, misappropriation, or other violation of any Intellectual
Property Right of another Person is pending or, to the knowledge of the Company, has been threatened against Company or its Subsidiaries. Neither the Company nor any of its Subsidiaries has received any notice or other communication relating to any
actual, alleged, or suspected infringement, misappropriation, or violation of any Intellectual Property Right of another Person by Company or any Subsidiary. The Company and its Subsidiaries are not subject to any Order of any Governmental Entity
that restricts or impairs the use of any Company IP. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(i) The execution and delivery of this Agreement and the consummation of the
Transactions will not (with or without notice or the lapse of time, or both) automatically result in (i)&nbsp;the Company or its Subsidiaries granting to any third party any rights or licenses to any Intellectual Property or Intellectual Property
Rights, (ii)&nbsp;any right, including any right of termination, amendment, modification, cancellation or acceleration under any Company IP Agreement, (iii)&nbsp;the loss of or the imposition of any Lien on any Owned Company IP, (iv)&nbsp;the
release, disclosure, or delivery of any Owned Company IP by or to any escrow agent or other Person; or (v)&nbsp;after the Merger, Parent or any of its Subsidiaries being required, under the terms of any agreement to which the Company or any of its
Subsidiaries is a party, to grant any Person any rights or licenses to any of Parent&#146;s or any of its Subsidiaries&#146; Intellectual Property or Intellectual Property Rights. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(j) No software incorporated in any Company Product is subject to any &#147;copyleft&#148; or other obligation or condition (including any obligation or
condition </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">35 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">under any &#147;open source&#148; license such as the GNU Public License, Lesser GNU Public License, or Mozilla Public License) that (i)&nbsp;could require,
or could condition the use or distribution of any software contained in any Company Product on, the disclosure, licensing, or distribution of any source code for any portion of Owned Company IP in a Company Product, or (ii)&nbsp;could otherwise
impose any limitation, restriction, or condition on the right or ability of the Company or its Subsidiaries to use or distribute any software contained in any Company Product. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(k) None of the source code used by Company or any of its Subsidiaries and material to the conduct of the business of the Company, including software
contained any of the Company Products, (collectively, &#147;<U>Company Source Code</U>&#148;) has been disclosed by the Company or any of its Subsidiaries, except to its employees or advisers or pursuant to non-disclosure agreements, or, to the
knowledge of the Company, by any other person except as authorized by the Company under a non-disclosure agreement. Neither the Company nor any of its Subsidiaries has provided or licensed, or has any duty or obligation (whether present, contingent,
or otherwise) to provide or license, Company Source Code to any escrow agent or other third party. No event has occurred, and no circumstance or condition exists, that (with or without notice or lapse of time) will, or could reasonably be expected
to, result in the provision, license, or disclosure of any Company Source Code to any third party. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(l) The Company&#146;s and its
Subsidiaries&#146; collection and dissemination of personal information in connection with their business has been conducted in accordance with applicable privacy policies published or otherwise adopted by the Company and its Subsidiary and any
applicable laws and regulations, except where the failure to abide by any such policy or law would not, individually or in the aggregate, reasonably be expected to give rise to a Company Material Adverse Effect. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.16 <U>Labor Matters</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(a) Except as would not have a Company Material Adverse Effect: (i)&nbsp;there is no collective bargaining or other labor union or foreign work council contract applicable to Persons employed by the Company or any of the Company
Subsidiaries to which the Company or any of the Company Subsidiaries is a party (each a &#147;<U>Company Collective Bargaining Agreement</U>&#148;), (ii)&nbsp;no Company Collective Bargaining Agreement is being negotiated by the Company or any of
the Company Subsidiaries, (iii)&nbsp;as of the date of this Agreement, there is no strike or work stoppage against the Company or any of the Company Subsidiaries pending or, to the knowledge of the Company, threatened that may interfere with the
respective business activities of the Company or any Company Subsidiary and (iv)&nbsp;as of the date of this Agreement, to the knowledge of the Company, none of the Company or any Company Subsidiary has committed any material unfair labor practice
in connection with the operation of the respective businesses of the Company and the Company Subsidiaries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) The Company and its
Subsidiaries have complied in all material respects with applicable laws, rules and regulations with respect to employment, employment practices, and terms, conditions and classification of employment (including </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">36 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">applicable laws, rules and regulations regarding wage and hour requirements, immigration status, discrimination in employment, employee health and safety,
and the Workers&#146; Adjustment and Retraining Notification Act), except for such noncompliance as has not had and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.17 <U>Compliance with Laws; Permits</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(a) As of the date hereof, the Company and each Company Subsidiary have complied and are in compliance with all laws, rules and regulations, ordinances, judgments, decrees, orders, writs and injunctions of all
federal, state, local and foreign governments and agencies thereof, which affect the business, properties or assets of the Company and each Company Subsidiary, except for instances of possible noncompliance that have not had and would not reasonably
be expected to have, individually or in the aggregate, a Company Material Adverse Effect, and no notice, charge or assertion has been received by the Company or any Company Subsidiary or, to the Company&#146;s knowledge, threatened against the
Company or any Company Subsidiary alleging any violation of any of the foregoing, except for instances of possible noncompliance that have not had and would not reasonably be expected to have, individually or in the aggregate, a Company Material
Adverse Effect. All licenses, authorizations, consents, permits and approvals required under such laws, rules and regulations are in full force and effect except where the failure to be in full force and effect have not had and would not reasonably
be expected to have, individually or in the aggregate, a Company Material Adverse Effect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) The Company and each Company Subsidiary is
in possession of all authorizations, licenses, permits, certificates, approvals and clearances of any Governmental Entity necessary for the Company and each Company Subsidiary to own, lease and operate its properties or to carry on their respective
businesses substantially in the manner described in the Company SEC Documents filed prior to the date hereof and substantially as it is being conducted as of the date hereof (the &#147;<U>Company Permits</U>&#148;), and all such Company Permits are
valid, and in full force and effect, except where the failure to have, or the suspension or cancellation of, or failure to be valid or in full force and effect of, any of the Company Permits would not reasonably be expected to have, individually or
in the aggregate, a Company Material Adverse Effect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) None of the Company or any of the Company Subsidiaries, nor to the knowledge of
the Company, any of their respective directors, officers, agents, employees or representatives (in each case acting in their capacities as such) has (i)&nbsp;used any funds for unlawful contributions, gifts, entertainment or other unlawful expenses
relating to political activity, (ii)&nbsp;directly or indirectly paid or delivered any fee, commission or other sum of money or item of property, however characterized, to any finder, agent or other party acting on behalf of or under the auspices of
a governmental official or Governmental Entity, in the United States or any other country, that was illegal under any applicable law, (iii)&nbsp;made any payment to any customer or supplier, or to any officer, director, partner, employee or agent of
any such customer or supplier, for the unlawful sharing of fees to any such customer or supplier or any such officer, director, partner, employee or agent for the unlawful rebating of charges, (iv)&nbsp;engaged in any other unlawful reciprocal
practice, or made any other unlawful payment or given any other unlawful consideration to any such customer or supplier or any such officer, director, </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">37 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">partner, employee or agent, (v)&nbsp;violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended or
(vi)&nbsp;violated Section&nbsp;8 of the Export Administration Act of 1977, as amended, except, in the case of clauses (i)&nbsp;through (vi)&nbsp;above, for such payments, violations, conduct or other practices that would not reasonably be expected
to have, individually or in the aggregate, a Company Material Adverse Effect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) Without limiting the other provisions of this
Section&nbsp;3.17, to the knowledge of the Company, none of (A)&nbsp;the Company, or any of the Company Subsidiaries or (B)&nbsp;any of the directors, officers, agents, employees or representatives of the Company or any Company Subsidiary (in each
case acting in their capacities as such), has, in the past five (5)&nbsp;years, taken any action or made any omission in violation of, or that would reasonably be expected to cause the Company or Company Subsidiary to be in violation of, any
applicable law governing imports into or exports from the United States or any foreign country, transactions with designated individuals and organizations, or relating to economic sanctions or embargoes, corrupt practices, money laundering, or
compliance with unsanctioned foreign boycotts, including without limitation: the Arms Export Control Act, the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Export Administration Act, the 1930 Tariff Act and other
U.S. customs laws, the Foreign Corrupt Practices Act, the Export Administration Regulations, the International Traffic in Arms Regulations, the Office of Foreign Assets Control Regulations, the U.S. Customs Regulations, or any regulation, ruling,
rule, order, decision, writ, judgment, injunction, or decree of any Governmental Authority issued pursuant thereto (collectively, the &#147;<U>International Trade Laws</U>&#148;), except in each case for actions, omissions or violations that would
not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) Without limiting the other
provisions of this Section&nbsp;3.17, to the knowledge of the Company, none of (A)&nbsp;the Company or any Company Subsidiary or (B)&nbsp;any of the directors, officers, agents, employees or representatives of the Company or any Company Subsidiary
(in each case acting in their capacities as such), has any reasonable basis for believing that, in the past five (5)&nbsp;years, the Company or any Company Subsidiary is or has been the subject of any investigation, complaint or claim of any
violation of the International Trade Laws by any Governmental Entity, except in each case for violations that have not had and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.18 <U>Information in the Proxy Statement</U>. The Proxy Statement, if any (and any amendment thereof or supplement thereto), at the
date mailed to the Company&#146;s stockholders and at the time of any meeting of Company stockholders to be held in connection with the Merger, will not contain any untrue statement of a material fact or omit to state any material fact required to
be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they are made, not misleading, except that no representation or warranty is made by the Company </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">38 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">with respect to statements made therein based on information supplied by Parent or Purchaser expressly for inclusion in the Proxy Statement. The Proxy
Statement will comply as to form in all material respects with the provisions of the Exchange Act and the rules and regulations thereunder. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">Section&nbsp;3.19 <U>Information in the Offer Documents and the Schedule 14D-9</U>. The information supplied by the Company expressly for inclusion in the Offer Documents will not contain any untrue statement of a material fact or omit to
state any material fact required to be stated therein or necessary in order to make the statements made therein, in the light of the circumstances under which they were made, not misleading. The Schedule 14D-9 will comply as to form in all material
respects with the provisions of Rule 14d-9 of the Exchange Act and any other applicable federal securities laws and will not when filed with the SEC or distributed or disseminated to the Company&#146;s stockholders, contain any untrue statement of a
material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements made therein, in the light of the circumstances under which they were made, not misleading, except that the Company makes no
representation or warranty with respect to statements made in the Schedule 14D-9 based on information furnished by Parent or Purchaser expressly for inclusion therein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
FACE="Times New Roman" SIZE="2">Section&nbsp;3.20 <U>Opinion of Financial Advisor</U>. The Company has received the opinion of <U>UBS Securities LLC </U>(the &#147;<U>Company Financial Advisor</U>&#148;), to the effect that, as of the date hereof,
the consideration to be received in the Offer and the Merger by the holders of the Shares is fair to such stockholders from a financial point of view, and such opinion has not been modified or withdrawn. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.21 <U>Insurance</U>. The Company maintains insurance coverage with insurers, or maintains self-insurance practices, in such amounts and
covering such risks as are in accordance with normal industry practice for companies engaged in businesses similar to that of the Company and the Company Subsidiaries (taking into account the cost and availability of such insurance). All such
policies are in full force and effect, all premiums due and payable have been paid, and no written notice of cancellation or termination has been received with respect to any such policy. Neither the Company nor any Company Subsidiary is in material
breach or default, and neither the Company nor any Company Subsidiary has taken any action or failed to take any action which, with notice or the lapse of time, would constitute such a breach or default, or permit termination or material
modification of any such insurance policies. The consummation of the Transactions will not, in and of itself, cause the revocation, cancellation or termination of any such insurance policy. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.22 <U>Environmental Laws and Regulations</U>. Except as has not had and would not reasonably be expected to have, individually or in the
aggregate, a Company Material Adverse Effect, (i)&nbsp;Hazardous Materials have not been generated, used, treated or stored on, transported to or from or Released or disposed of on, any Company Property, (ii)&nbsp;the Company and each of the Company
Subsidiaries are in compliance with all applicable Environmental Laws and the requirements of any permits issued under such Environmental Laws with respect to any Company Property, (iii)&nbsp;there </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">39 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">are no past, pending or, to the Company&#146;s knowledge, threatened Environmental Claims against the Company or any of the Company Subsidiaries or any
Company Property and (iv)&nbsp;there are no facts or circumstances, conditions or occurrences regarding the business, assets or operations of the Company or any Company Property that could reasonably be anticipated to form the basis of an
Environmental Claim against the Company or any of the Company Subsidiaries or any Company Property. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.23 <U>Brokers;
Expenses</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) No broker, investment banker, financial advisor or other Person, other than the Company Financial Advisor, is entitled to
any broker&#146;s, finder&#146;s, financial advisor&#146;s or other similar fee or commission in connection with the Offer or the Merger based upon arrangements made by or on behalf of Company. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) True and correct copies of all agreements between the Company and the Company Financial Advisor concerning this Agreement and the Transactions,
including, without limitation, any fee arrangements, have been previously made available to Parent, except to the extent such agreements have been redacted with respect to pricing incentives thresholds. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.24 <U>Takeover Statutes</U>. The Company Board of Directors and the Company have taken all action necessary to render inapplicable to the
Transactions each and every state takeover statute or similar statute or regulation that applies to the Company with respect to this Agreement, the Support Agreements, the Offer, the Merger or any other Transaction, including the restrictions on
&#147;business combinations&#148; set forth in Section&nbsp;203 of the DGCL. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;3.25 <U>Bankruptcy</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) The Company as prepetition debtor and debtor-in possession, has complied in all material respects with all of the provisions of the Order Confirming
Prepackaged Plan of Reorganization Of Redback Networks Inc. Under Chapter 11 of the Bankruptcy Code dated December&nbsp;19, 2003 (the &#147;<U>Bankruptcy Confirmation Order</U>&#148;) and all of the provisions of the related Prepackaged Plan of
Reorganization of Redback Networks Inc., as amended (the &#147;<U>Reorganization Plan</U>&#148;). The provisions of the Reorganization Plan and the Bankruptcy Confirmation Order remain in full force and effect in accordance with the terms thereof,
and the Company remains entitled to all of the rights, remedies, privileges, immunities, releases, exculpatory terms, and other benefits and protections afforded thereunder. Without limiting the foregoing, the transfers of property (including,
without limitation, the Passed Through Rights (as defined in the Reorganization Plan) by the Company, as debtor or debtor-in-possession, to the Company pursuant to the Reorganization Plan and the Bankruptcy Confirmation Order (i)&nbsp;were and
continue to be legal, valid, and effective transfers of property, (ii)&nbsp;vested and continue to vest the Company with good title to such property free and clear of all liens, charges, claims, encumbrances, or interests, except as expressly
provided in the Reorganization Plan or Bankruptcy Confirmation Order, (iii)&nbsp;did not constitute and continues not to constitute avoidable transfers under the Bankruptcy Code or under </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">40 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">applicable bankruptcy or nonbankruptcy law, and (iv)&nbsp;do not and continue not to subject the Company to any liability by reason of such transfer under
the Bankruptcy Code or under applicable nonbankruptcy law, including, without limitation, any laws affecting successor, transferee or stamp or recording tax liability. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(b) Except as set forth in the Reorganization Plan or the Bankruptcy Confirmation Order, as of the date hereof, all Claims (as defined in the Reorganization Plan) against and Interests (as defined in the
Reorganization Plan) in the Company, as debtor and debtor-in-possession, that were in existence or outstanding as of the Effective Date of (and as defined in) the Reorganization Plan (collectively, the &#147;<U>Bankruptcy Claims/Interests</U>&#148;)
have been satisfied or discharged in full, and all distributions or other amounts to which any holder of any such Bankruptcy Claims/Interests were or are entitled pursuant to the Reorganization Plan or Bankruptcy Confirmation Order have been made in
full. As of the date hereof, the Company is not subject to any such Bankruptcy Claims/Interests (other than Claims arising after the Effective Date under executory contracts or unexpired leases assumed by the Company or Passed Through Rights (as
defined in the Bankruptcy Plan)) and is not obligated to make any payments or distributions, whether in cash, equity or debt securities or any other property, on account of any such Bankruptcy Claims/Interests, and has no obligations or liabilities
under the Reorganization Plan or the Bankruptcy Confirmation Order. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE IV </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">REPRESENTATIONS AND WARRANTIES </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">OF PARENT AND PURCHASER </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">Parent and Purchaser represent and warrant to the Company as follows: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:13%"><FONT
FACE="Times New Roman" SIZE="2">Section&nbsp;4.1 <U>Organization</U>. Each of Parent and Purchaser is a corporation or other legal entity duly organized, validly existing and in good standing (with respect to jurisdictions which recognize such
concept) under the laws of the jurisdiction in which it is organized and has the requisite corporate or other power, as the case may be, and authority to conduct its business as now being conducted, except, for those jurisdictions where the failure
to be so organized, existing or in good standing, individually or in the aggregate, would not impair in any material respect the ability of each of Parent and Purchaser, as the case may be, to perform its obligations under this Agreement or prevent
or materially delay the consummation of the Transactions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;4.2 <U>Authorization; Validity of Agreement; Necessary Action</U>.
Each of Parent and Purchaser has all necessary corporate power and authority to execute and deliver this Agreement and to consummate the Transactions. The execution, delivery and performance by Parent and Purchaser of this Agreement and the
consummation of the Transactions have been duly authorized by all necessary corporate action on the part of Parent and Purchaser and will be adopted by the sole stockholder of Purchaser. This Agreement has been duly executed and delivered by Parent
and Purchaser and, assuming due and valid authorization, execution and delivery hereof by the Company, is the valid and binding obligation of each of Parent and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">41 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Purchaser enforceable against each of them in accordance with its terms, except that (i)&nbsp;such enforcement may be subject to applicable bankruptcy,
insolvency or other similar laws, now or hereafter in effect, affecting creditors&#146; rights generally and (ii)&nbsp;the remedy of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and to
the discretion of the court before which any proceeding therefor may be brought. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;4.3 <U>Consents and Approvals; No
Violations</U>. None of the execution, delivery or performance of this Agreement by the Parent and Purchaser, the consummation by the Parent and Purchaser of the Transactions or compliance by the Parent or Purchaser with any of the provisions of
this Agreement will (i)&nbsp;violate or conflict with or result in any breach of any provision of the organizational documents of Parent or Purchaser,(ii) require any filing by the Parent or Purchaser with, or the permit, authorization, consent or
approval of, any Governmental Entity (except for (A)&nbsp;compliance with any applicable requirements of the Exchange Act, (B)&nbsp;any filings as may be required under the DGCL in connection with the Merger, (C)&nbsp;filings, permits,
authorizations, consents and approvals as may be required under the HSR Act and Required Governmental Approvals, or (D)&nbsp;the filing with the SEC of (x)&nbsp;the Schedule TO and (y)&nbsp;the Proxy Statement, if stockholder approval is required by
applicable law, or (iii)&nbsp;violate any order, writ, injunction, decree, statute, rule or regulation applicable to Parent or Purchaser, any of their Subsidiaries, or any of their properties or assets, except in the case of clause (i)&nbsp;or
(ii)&nbsp;such violations, breaches or defaults which would not, individually or in the aggregate, impair in any material respect the ability of each Parent or Purchaser to perform its obligations under this Agreement, as the case may be, or prevent
the consummation of the Transactions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;4.4 <U>Litigation</U>. As of the date hereof, there is no claim, action, suit,
arbitration, alternative dispute resolution action or any other judicial or administrative proceeding pending against (or, to the knowledge of Parent, threatened against or naming as a party thereto) Parent or any of its Subsidiaries, nor, to the
knowledge of Parent, is there any investigation pending or threatened against Parent or any of its Subsidiaries, and none of Parent or any of its Subsidiaries is subject to any outstanding order, writ, injunction or decree, in each case, which
would, individually or in the aggregate, impair in any material respect the ability of each of Parent and Purchaser to perform its obligations under this Agreement, as the case may be, or prevent the consummation of any of the Transactions.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;4.5 <U>Information in the Proxy Statement</U>. None of the information supplied by Parent or Purchaser in writing expressly
for inclusion or incorporation by reference in the Proxy Statement (or any amendment thereof or supplement thereto) will, at the date mailed to stockholders or at the time of the meeting of stockholders to be held in connection with the Merger,
contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements made therein, in light of the circumstances under which they are made, not misleading.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">42 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;4.6 <U>Information in the Offer Documents</U>. The Offer Documents (and any amendment
thereof or supplement thereto) will not when filed with the SEC or at the time of distribution or dissemination thereof to the stockholders of the Company, contain any untrue statement of a material fact or omit to state any material fact required
to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they are made, not misleading, except that no representation or warranty is made by Parent or Purchaser with respect to statements
made therein based on information supplied by the Company for inclusion in the Offer Documents. The Offer Documents will comply as to form in all material respects with applicable federal securities laws and the rules and regulations thereunder.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;4.7 <U>Ownership of Company Capital Stock</U>. Neither Parent nor Purchaser is, nor at any time during the last three
(3)&nbsp;years has it been, an &#147;interested stockholder&#148; of the Company as defined in Section&nbsp;203 of the DGCL (other than as contemplated by this Agreement). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;4.8 <U>Sufficient Funds</U>. Parent and Purchaser will have all of the funds available as and when needed that are necessary to consummate
the Transactions and to perform their respective obligations under this Agreement. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE V </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">CONDUCT OF BUSINESS PENDING THE MERGER </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">Section&nbsp;5.1 <U>Interim Operations of the Company</U>. Except as set forth in Section&nbsp;5.1 of the Company Disclosure Schedule, as required pursuant to this Agreement or as agreed in writing by Parent (which agreement shall not be
unreasonably withheld or delayed), from the date hereof until the earlier of (A)&nbsp;the valid termination of this Agreement in accordance with Article VIII hereto and (B)&nbsp;the time the designees of Parent have been elected to, and shall
constitute a majority of, the Company Board of Directors pursuant to Section&nbsp;1.3 (the &#147;<U>Appointment Date</U>&#148;), the Company shall, and shall cause the Company Subsidiaries to, (i)&nbsp;conduct their businesses in all material
respects in the ordinary course consistent with past practice, (ii)&nbsp;use commercially reasonable efforts to preserve intact their present business organizations, (iii)&nbsp;use commercially reasonable efforts to maintain satisfactory relations
with and keep available the services of their current officers and other key employees, (iv)&nbsp;maintain in effect all material foreign, federal, state and local licenses, approvals and authorizations, including all material licenses and permits
that are required for the Company or any Company Subsidiary to carry on its business and (v)&nbsp;use commercially reasonable efforts to preserve existing relationships with material customers, lenders, suppliers, distributors and others having
material business relationships with the Company and the Company Subsidiaries. Without limiting the generality of the foregoing, except as set forth in Section&nbsp;5.1 of the Company Disclosure Schedule, as required pursuant to this Agreement or as
agreed in writing by Parent (which agreement shall not be unreasonably withheld or delayed), from the date hereof until the earlier of (x)&nbsp;the valid termination of this Agreement in accordance with Article VIII hereto and (y)&nbsp;the
Appointment Date, the Company shall not, nor shall it permit any Company Subsidiary to: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">43 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) amend the Company Governing Documents or equivalent documents of any Company Subsidiary or amend the
terms of any outstanding security of the Company or any Company Subsidiary; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) split, combine, subdivide or reclassify any shares of
capital stock of the Company or any Company Subsidiary, other than any such transaction by a Company Subsidiary that remains a Company Subsidiary after consummation of such transaction, in the ordinary course of business consistent with past
practice; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) declare, set aside or pay any dividend or other distribution payable in cash, stock or property (or any combination thereof)
with respect to the Company&#146;s capital stock; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) redeem, purchase or otherwise acquire, or offer to redeem, purchase or otherwise
acquire, any Equity Interests, except (i)&nbsp;repurchases of unvested shares at cost in connection with the termination of the services relationship with any service provider pursuant to stock option or purchase agreements in effect on the date
hereof, and (ii)&nbsp;repurchases of unvested shares in connection with the withholding of shares upon vesting of restricted stock; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e)
issue, sell, pledge, deliver, transfer, dispose of or encumber any shares of, or securities convertible into or exchangeable for, or grant any Company Stock Rights, Restricted Stock or warrants, calls, commitments or rights of any kind to acquire,
any shares of capital stock of any class, or grant to any Person any right the value of which is based on the value of Shares or other capital stock, other than (i)&nbsp;the issuance of Shares (and associated Company Rights) reserved for issuance on
the date hereof pursuant to the exercise of the Company Stock Rights disclosed in Section&nbsp;3.2(b) of the Company Disclosure Schedule and outstanding on the date hereof in the ordinary course of business consistent with past practice of the
Company Stock Plans or (ii)&nbsp;the issuance of shares of capital stock of the Company upon the exercise of Company Rights; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) acquire
(whether pursuant to merger, stock or asset purchase or otherwise) in one transaction or any series of related transactions (i)&nbsp;except in the ordinary course of business consistent with past practice, any assets having a fair market value in
excess of $25 million or (ii)&nbsp;any equity interests in any Person or any business or division of any Person or all or substantially all of the assets of any Person (or business or division thereof); </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(g) transfer, lease, license, sell, mortgage, pledge, dispose of, or encumber any of its material assets, other than (i)&nbsp;sales in the ordinary
course of business consistent with past practice, and (ii)&nbsp;dispositions of equipment and property no longer used in the operation of the business; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(h)(i) incur or assume any long-term or short-term indebtedness except (A)&nbsp;short-term indebtedness made in the ordinary course of business consistent </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">44 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">with past practice or (B)&nbsp;additional indebtedness under existing debt facilities or like replacement debt facilities in excess of indebtedness of the
Company outstanding as of the date hereof; (ii)&nbsp;assume, guarantee, endorse or otherwise become liable or responsible (whether directly, contingently or otherwise) for the obligations of any other Person, other than with respect to Company
Subsidiaries in the ordinary course of business consistent with past practice; or (iii)&nbsp;make any loans, advances or capital contributions to, or investments in, any other Person, other than loans, advance or capital contributions to, or
investments in, wholly owned Company Subsidiaries made in the ordinary course of business consistent with past practice; <U>provided, however</U>, that after the Appointment Time, the Company shall not accelerate the vesting of, or make changes in,
equity based compensation, Restricted Stock or Company Stock Rights, other than (i)&nbsp;by permitting the acceleration of any Company Options or other equity based compensation pursuant to the terms of agreements in existence on the date hereof
which provide for such acceleration or (ii)&nbsp;as otherwise provided in Section&nbsp;5.1 of the Company Disclosure Schedule; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(i) other
than in the ordinary course of business consistent with past practice or as required by applicable law or the terms of any agreement existing on the date hereof, and in the case of any officer or director of the Company only to the extent that the
Compensation Committee has duly approved such action as an Employment Compensation Arrangement, make any change in, or accelerate the vesting of, the compensation or benefits payable or to become payable to, or grant any severance or termination pay
to, any of its officers, directors, employees, agents or consultants or enter into or amend any employment, consulting, severance, retention, change in control, termination pay, collective bargaining or other agreement or any equity based
compensation, pension, deferred compensation, welfare benefits or other employee benefit plan or arrangement, or make any loans to any of its officers, directors, employees, affiliates or agents or consultants or make any change in its existing
borrowing or lending arrangements for or on behalf of any of such Persons pursuant to a Benefit Plan or otherwise; <U>provided, however</U>, that after the Appointment Time, the Company shall not accelerate the vesting of, or make changes in, equity
based compensation, Restricted Stock or Company Stock Rights, other than (i)&nbsp;by permitting the acceleration of any Company Options or other equity based compensation pursuant to the terms of agreements in existence on the date hereof which
provide for such acceleration or (ii)&nbsp;as otherwise provided in Section&nbsp;5.1 of the Company Disclosure Schedule; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(j) other than in
the ordinary course of business consistent with past practice or as required by applicable law or the terms of any agreement or plan existing on the date hereof and in the case of any officer or director of the Company only to the extent that the
Compensation Committee has duly approved such action as an Employment Compensation Arrangement: (i)&nbsp;pay or make any accrual or arrangement for payment of any pension, retirement allowance or other employee benefit pursuant to any existing plan,
agreement or arrangement to any officer, director, employee or pay or agree to pay or make any accrual or arrangement for payment to any officers, directors, employees or affiliates of the Company or any Company Subsidiary of any amount relating to
unused vacation days; or (ii)&nbsp;adopt or pay, grant, issue, accelerate or accrue salary or other payments or benefits pursuant to any pension, profit-sharing, bonus, extra </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">45 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">compensation, incentive, deferred compensation, Company Stock Plan, stock purchase, group insurance, severance pay, retirement or other employee benefit
plan, agreement or arrangement, or any employment agreement with or for the benefit of any Company or any Company Subsidiary director, officer, employee or agent, whether past or present, or amend in any material respect any such existing plan,
agreement or arrangement in a manner inconsistent with the foregoing; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(k) except as publicly announced prior to the date hereof, announce,
implement or effect any material reduction in labor force, lay-off, early retirement program, severance program or other program or effort concerning the termination of employment of employees of the Company or any Company Subsidiary other than
routine employee terminations; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(l) incur any capital expenditures or any obligations or liabilities in respect thereof in excess of $25
million, in the aggregate, except those contemplated in the capital expenditures budgets for the Company and the Company Subsidiaries previously made available to Parent; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(m) enter into any agreement or arrangement that limits or otherwise restricts the Company, any Company Subsidiary, or upon completion of the Transactions, Parent or its Subsidiaries or any successor thereto from
engaging or competing in any line of business or in any location; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(n) amend or modify in a material respect or terminate any Company
Material Contract or otherwise waive, release or assign any material rights, claims or benefits thereunder, or enter into any contract that would be a Company Material Contract; </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(o) settle, pay or discharge any litigation, investigation, arbitration, other than the payment, discharge or satisfaction, in the ordinary course of
business consistent with past practice, of such claims, liabilities or obligations (i)&nbsp;disclosed or reserved against in the Financial Statements included in the Company SEC Documents filed prior to the date hereof in amounts no greater than the
amount reserved with respect to the relevant liability therein or (ii)&nbsp;incurred in the ordinary course of business consistent with past practice since the date of such financial statements; </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(p) permit any material insurance policy naming it as a beneficiary or a loss payee to be cancelled or terminated without reasonable prior notice to
Purchaser; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(q) change any of the accounting methods used by it materially affecting its assets, liabilities or business, except for such
changes required by GAAP or Regulation S-X promulgated under the Exchange Act, as concurred in by its independent registered public accountants; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(r) revalue in any material respect any of its material assets, including writing down the value of inventory or writing down notes or accounts receivable, other than in the ordinary course of business consistent with past practice;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">46 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(s) make or change any material Tax election, change an annual accounting period, adopt or change any
accounting method, file any amended Tax Returns, enter into any closing agreement with respect to material Taxes, settle or consent to any material Tax Claim, take any affirmative action to surrender any right to claim a refund of Taxes, or consent
to any extension or waiver of the limitation period applicable to any Tax Claim; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(t) adopt a plan of complete or partial liquidation,
dissolution, merger, consolidation, restructuring, recapitalization or other reorganization of the Company (other than the Merger); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(u)
take any action which would, directly or indirectly, restrict or impair the ability of Purchaser to vote, or otherwise to exercise the rights and receive the benefits of a stockholder with respect to, securities of the Company acquired or controlled
or to be acquired or controlled by Parent or Purchaser; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(v) except as required by applicable law, convene any regular or special meeting
(or any adjournment or postponement thereof) of the stockholders of the Company other than the Special Meeting; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(w) enter into any
written agreement, contract, commitment or arrangement to do any of the foregoing, or authorize in writing any of the foregoing. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">Section&nbsp;5.2 <U>No Solicitation; Unsolicited Proposals</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) From the date of this Agreement until the Effective Time or,
if earlier, the valid termination of this Agreement in accordance with its terms, the Company shall not, shall cause all of the Company Subsidiaries and the Company&#146;s and such Company Subsidiaries&#146; respective officers and directors not to,
and shall not authorize or permit its non-officer employees, investment bankers, attorneys, accountants or other agents or representatives (collectively, &#147;<U>Representatives</U>&#148;) to, directly or indirectly, (i)&nbsp;solicit, initiate,
knowingly encourage or facilitate (including by way of furnishing non-public information), any inquiries or the making or submission of, or any inquiry, offer, proposal or indication of interest that constitutes, or would reasonably be expected to
lead to, an Acquisition Proposal, (ii)&nbsp;participate or engage in any discussions or negotiations with, or disclose or provide any non-public information or data relating to the Company or any Company Subsidiary or afford access to the
properties, assets, books or records or employees of the Company or any Company Subsidiary to, any Person, or &#147;group&#148; (as defined under Section&nbsp;13(d) of the Exchange Act ) other than Parent and its Subsidiaries and Representatives
(any such Person or &#147;group&#148; and its Representatives (excluding the Company&#146;s and Parent&#146;s Representatives in their capacity as such), a &#147;<U>Third Party</U>&#148;) relating to an Acquisition Proposal, (iii)&nbsp;facilitate
any effort or attempt to make or implement an Acquisition Proposal, (iv)&nbsp;accept, approve, endorse or recommend an Acquisition Proposal, or (v)&nbsp;enter into any agreement, arrangement, undertaking, contract, commitment or understanding
(including any agreement in principle or letter of intent or understanding) with respect to or contemplating an Acquisition Proposal or enter into any agreement, arrangement, undertaking, contract, commitment or understanding </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">47 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">requiring the Company to abandon, terminate or fail to consummate the Transactions contemplated by this Agreement. The Company shall, and shall cause the
Company Subsidiaries and the Company&#146;s and such Company Subsidiaries&#146; respective Representatives to, immediately cease and terminate any existing solicitation, encouragement, activity, discussion or negotiation with any Third Party
heretofore conducted by the Company, the Company Subsidiaries or their respective Representatives with respect to an Acquisition Proposal or Acquisition Transaction. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(b) Notwithstanding the restrictions set forth in Section&nbsp;5.2(a), if, at any time prior to the Effective Time, (i)&nbsp;the Company receives an unsolicited bona fide written Acquisition Proposal from a Third
Party and under circumstances in which the Company, its Subsidiaries and their Representatives have complied with the Company&#146;s obligations under Section&nbsp;5.2(a) and (ii)&nbsp;the Company Board of Directors determines in good faith (after
consultation with its financial advisor and outside legal counsel) (such consultation with a financial advisor and outside legal counsel, &#147;<U>After Consultation</U>&#148;) that (A)&nbsp;such Acquisition Proposal is, or is reasonably likely to
lead to, a Superior Proposal and (B)&nbsp;the failure to take any such action would be a breach of its fiduciary duties to the Company&#146;s stockholders under applicable law, the Company may, subject to its giving Parent at least 48 hours prior
written notice (which notice shall contain the identity of such Third Party, a copy of the written Acquisition Proposal, a description of any other material terms pertinent thereto and a statement to the effect that the Company Board of Directors
has made the determination required by this Section&nbsp;5.2(b) and the Company intends to furnish non-public information to, or enter into discussions or negotiations with, such Third Party), (x)&nbsp;furnish information with respect to the Company
and Company Subsidiaries to such Third Party pursuant to a confidentiality agreement containing terms no less favorable to the Company, including the &#147;standstill&#148; provisions, than the terms of the Confidentiality Agreement, dated
December&nbsp;11, 2006 between Parent and the Company (the &#147;<U>Confidentiality Agreement</U>&#147;), <U>provided</U>, that a copy of all such information is delivered simultaneously to Parent to the extent it has not previously been so
furnished to Parent and (y)&nbsp;participate in discussions or negotiations with such Third Party regarding such Acquisition Proposal (including by requesting that such Third Party amend the terms of such Acquisition Proposal so that it may be a
Superior Proposal). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) In addition to any prior notice obligations contained in Section&nbsp;5.2(b), the Company shall as promptly as
practicable (and in any event within twenty-four (24)&nbsp;hours) notify Parent of any Acquisition Proposal that the Company receives or of any request for information or inquiry that the Company receives which relates to or would reasonably be
expected to lead to an Acquisition Proposal, which notification shall include, (i)&nbsp;the applicable written Acquisition Proposal, request or inquiry (or, if oral, the material terms and conditions of such Acquisition Proposal, request or
inquiry), and (ii)&nbsp;the identity of the Person making such Acquisition Proposal, request or inquiry. The Company shall keep Parent informed on a reasonably current basis (but in any event within 48 hours) of the status and material terms and
conditions (including all amendments or proposed amendments) of any such Acquisition Proposal, request or inquiry. The Company shall provide Parent with at least forty eight (48)&nbsp;hours prior notice of a meeting of the Company Board of Directors
(or such lesser notice as is provided to the members of the Company Board of Directors) at which the Company Board of Directors is reasonably expected to consider an Acquisition Proposal. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">48 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) Nothing contained in this Agreement shall prohibit the Company from (i)&nbsp;issuing a
&#147;stop-look-and listen communication&#148; pursuant to Rule 14d-9(f) or taking and disclosing to its stockholders a position as required by Rule 14d-9 or Rule 14e-2 promulgated under the Exchange Act or (ii)&nbsp;otherwise disclosing any
information to its stockholders that the Company Board of Directors determines in good faith (after consultation with its outside legal counsel) it is required to disclose in order to not breach its fiduciary duties to the Company&#146;s
stockholders under applicable law, subject to compliance with the requirements of Sections 5.2(a), (b), and (c)&nbsp;and Section&nbsp;5.3. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(e) The Company shall not release or waive any provision of any confidentiality, &#147;standstill&#148; or similar agreement to which the Company or any Company Subsidiary is a party. The Company will use its reasonable best efforts to
enforce or cause to be enforced each such agreement at the request of Parent. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) The Company shall promptly after the date of this
Agreement instruct that each Person which has heretofore executed a confidentiality agreement relating to an Acquisition Proposal with or for the benefit of the Company to promptly return or destroy (which destruction shall be certified in writing
by such Person to the Company) all information, documents and materials relating to an Acquisition Proposal or to the Company or its businesses, operations or affairs heretofore furnished by the Company or any of its Representatives to such Person
or any of its Representatives in accordance with the terms of any confidentiality agreement with such Person and to destroy all summaries, analyses or extracts of or based upon such information in the possession of such Person or any of its
Representatives. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;5.3 <U>Board Recommendation</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) Subject to the terms of Section&nbsp;5.3(c) hereof, the Company Board of Directors shall (i)&nbsp;recommend that the holders of the Shares accept the
Offer, tender their Shares to the Purchaser pursuant to the Offer and, if necessary under applicable law, adopt this Agreement in accordance with the applicable provisions of DGCL (the &#147;<U>Company Recommendation</U>&#148;), and
(ii)&nbsp;include the Company Recommendation in the Schedule 14D-9 and permit Parent to include the Company Recommendation in the Offer Documents. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(b) Subject to Section&nbsp;5.3(c), neither the Company Board of Directors nor any committee thereof shall withdraw, qualify, modify, change or amend in any manner adverse to Parent or Purchaser (including pursuant to the Schedule 14D-9 or
any amendment thereto), the Company Recommendation, the approval by the Company Board of Directors of this Agreement and the transactions contemplated hereby, including the Offer and the Merger, or the approval by the Compensation Committee of the
Company Compensation Arrangements as Employment Compensation Arrangements for purposes of satisfying the requirements of the non-exclusive safe-harbor in accordance to Rule 14d-10(d)(2) under the Exchange Act (a &#147;<U>Company Change in
Recommendation</U>&#148;). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">49 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) Notwithstanding anything to the contrary set forth in this Agreement, the Company Board of Directors
may effect a Company Change in Recommendation at any time prior to the Effective Time, if either: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(i)(A) the Company Board
of Directors has received an Acquisition Proposal (that has not been withdrawn) that constitutes a Superior Proposal and such Acquisition Proposal shall not have resulted from a breach or violation of the terms of Section&nbsp;5.2(a), (B)&nbsp;the
Company Board of Directors determines in good faith (After Consultation and after considering in good faith any counter-offer or proposal made by Parent during the three-day period contemplated by clause (D)&nbsp;below), that the failure to effect a
Company Change in Recommendation in light of such Superior Proposal would be a breach of its fiduciary duties to the Company&#146;s stockholders under applicable law, (C)&nbsp;at least three (3)&nbsp;days prior to such Company Change in
Recommendation, the Company shall have provided to Parent a written notice (a &#147;<U>Notice of Recommendation Change</U>&#148;) of its intention to make such Company Change in Recommendation (which notice shall not be deemed to be, in and of
itself, a Company Change in Recommendation), specifying the material terms and conditions of such Superior Proposal, including a copy of such Superior Proposal and identifying the Person making such Superior Proposal (it being understood and agreed
that any amendment to the financial terms or any other material terms of such Superior Proposal shall require the delivery of a new Notice of Recommendation Change and a new three-day period), (D)&nbsp;during the three-day period following
Parent&#146;s receipt of a Notice of Recommendation Change, the Company shall have given Parent the opportunity to meet with the Company and its Representatives, and at Parent&#146;s request, shall have negotiated in good faith regarding the terms
of possible revisions to the terms of this Agreement, and (E)&nbsp;Parent shall not, within three (3)&nbsp;business days of Parent&#146;s receipt of a Notice of Recommendation Change have made an offer that the Board of Directors of the Company
determines in good faith, After Consultation to be at least as favorable to the Company&#146;s stockholders as such Superior Proposal; or </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(ii) other than in connection with a Superior Proposal (it being understood and hereby agreed that the Company Board of Directors shall not effect a Company Change of Recommendation in connection with a Superior
Proposal other than pursuant to the immediately preceding clause (i)&nbsp;of this Section&nbsp;5.3(c)), (A)&nbsp;the Company Board of Directors determines in good faith (After Consultation) that the failure to effect a Company Change in
Recommendation would be a breach of its fiduciary duties to the Company&#146;s stockholders under applicable law and (B)&nbsp;at least three (3)&nbsp;days prior to such Company Change in Recommendation, the Company shall have provided to Parent a
Notice of Recommendation Change of its intention to make such Company Change in Recommendation (which notice shall not be deemed to be, in and of itself a Company Change in Recommendation), specifying in sufficient </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">50 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">detail reasonably satisfactory to Parent the circumstances for such proposed Company Change in Recommendation (it being understood and agreed that any change
to such circumstances or any additional circumstances shall require the delivery of a new Notice of Recommendation Change and a new three-day period), and (C)&nbsp;during the three-day period following Parent&#146;s receipt of a Notice of
Recommendation Change, the Company shall have given Parent the opportunity to meet with the Company and its Representatives, and at Parent&#146;s request, shall have negotiated in good faith regarding the terms of possible revisions to the terms of
this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) Notwithstanding anything to the contrary in this Section&nbsp;5.3, the Company shall not be entitled to enter into any
agreement (other than a confidentiality agreement as contemplated by Section&nbsp;5.2(b)), including a letter of intent, with respect to a Superior Proposal unless this Agreement has been or concurrently is validly terminated by its terms pursuant
to Section&nbsp;8.1 and Parent has received, by wire transfer of immediately available funds, any amounts due to Parent pursuant to Section&nbsp;8.2(b). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
FACE="Times New Roman" SIZE="2">Section&nbsp;5.4 <U>Bankruptcy Claims</U>. From the date of this Agreement and prior to the Effective Time, the Company will use its reasonable best efforts to resolve all Bankruptcy Claims /Interests outstanding as
of the date hereof (the &#147;Unresolved Bankruptcy Claims/Interests&#148;), and promptly after the resolution of any such Unresolved Bankruptcy Claims/Interests, the Company shall make any distributions of Shares or other consideration required to
be made on account of such Unresolved Bankruptcy Claims/Interests in accordance with the terms of the Reorganization Plan and the Bankruptcy Confirmation Order, and shall take such other actions as are set forth on Schedule 5.4. </FONT></P> <P
STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VI </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ADDITIONAL AGREEMENTS </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.1 <U>Notification of Certain Matters</U>. The Company shall give prompt notice to Parent and Purchaser and Parent and Purchaser shall
give prompt notice to the Company, of (a)&nbsp;the occurrence or non-occurrence of any event whose occurrence or non-occurrence, as the case may be, would be likely to cause either (i)&nbsp;any representation or warranty contained in this Agreement
to be untrue or inaccurate in any material respect at any time from the date hereof to the Effective Time or (ii)&nbsp;any condition or requirement set forth in Annex I to be unsatisfied at any time from the date hereof to the Appointment Time
(except to the extent it refers to a specific date) and (b)&nbsp;any material failure of the Company, Purchaser or Parent, as the case may be, or any officer, director, employee or agent thereof, to comply with or satisfy any covenant, condition or
agreement to be complied with or satisfied by it hereunder; <U>provided</U>, <U>however</U>, that the delivery of any notice pursuant to this Section&nbsp;6.1 shall not limit or otherwise affect the remedies available hereunder to the party
receiving such notice or the representations or warranties of the parties, or the conditions to the obligations of the parties hereto. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">51 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.2 <U>Access; Confidentiality</U>. (a)&nbsp;From the date of this Agreement until the
Effective Time, the Company shall, and shall cause the Company Subsidiaries to, (i)&nbsp;upon reasonable prior notice, give Parent and Purchaser, their officers and a reasonable number of their employees and their authorized representatives,
reasonable access during normal business hours to the Company Agreements, contracts, books, records, analysis, projections, plans, systems, personnel, commitments, offices and other facilities and properties of the Company and the Company
Subsidiaries and their accountants and accountants&#146; work papers and (ii)&nbsp;furnish Parent and Purchaser on a timely basis with such financial and operating data and other information with respect to the business, properties and Company
Agreements of the Company and the Company Subsidiaries as Parent and Purchaser may from time to time reasonably request and use its reasonable best efforts to make available at all reasonable times during normal business hours to the officers,
employees, accountants, counsel, financing sources and other representatives of Parent and Purchaser the appropriate individuals (including management personnel, attorneys, accountants and other professionals) for discussion of the Company&#146;s
business, properties, prospects and personnel as Parent or Purchaser may reasonably request. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) The terms of the Confidentiality
Agreement shall apply to any information provided to Parent or Purchaser pursuant to Section&nbsp;6.2(a). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) No investigation heretofore
conducted or conducted pursuant to this Section&nbsp;6.2 shall affect any representation or warranty made by the parties hereunder. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d)
Notwithstanding anything to the contrary set forth herein, the Company shall not be required to provide access to, or to disclose information, where such access or disclosure would jeopardize the attorney-client privilege of the Company or its
Subsidiaries or contravene any law or contract entered into prior to the date of this Agreement. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.3 <U>Consents and
Approvals</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) Each of the Company, Parent and Purchaser shall use its reasonable best efforts to (i)&nbsp;take, or cause to be taken,
all appropriate action, and do, or cause to be done, all things necessary, proper or advisable under any applicable law or otherwise to consummate and make effective the Transactions as promptly as practicable, (ii)&nbsp;obtain from any Governmental
Entities any consents, licenses, permits, waivers, clearances approvals, authorizations or orders required to be obtained or made by Parent, Purchaser or the Company or any of their respective Subsidiaries, or avoid any action or proceeding by any
Governmental Entity (including, without limitation, those in connection with the HSR Act and any Required Governmental Approvals), in connection with the authorization, execution and delivery of this Agreement and the consummation of the
Transactions, (iii)&nbsp;make or cause to be made the applications or filings required to be made by Parent, Purchaser or the Company or any of their respective Subsidiaries under or with respect to the HSR Act, any Required Governmental Approvals
or any other applicable laws in connection with the authorization, execution and delivery of this Agreement and the consummation of the Transactions, and pay any fees due in </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">52 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">connection with such applications or filings, as promptly as is reasonably practicable, and in any event within ten (10)&nbsp;business days after the date
hereof, (iv)&nbsp;comply at the earliest practicable date with any request under or with respect to the HSR Act, any Required Governmental Approvals and any such other applicable laws for additional information, documents or other materials received
by Parent or the Company or any of their respective Subsidiaries from the Federal Trade Commission or the Department of Justice or any other Governmental Entity in connection with such applications or filings or the Transactions and
(v)&nbsp;coordinate and cooperate with, and give due consideration to all reasonable additions, deletions or changes suggested by the other party in connection with, making (A)&nbsp;any filing under or with respect to the HSR Act, any other Required
Governmental Approvals or any such other applicable laws and (B)&nbsp;any filings, conferences or other submissions related to resolving any investigation or other inquiry by any such Governmental Entity. Each of the Company and Parent shall, and
shall cause their respective affiliates to, furnish to the other party all information necessary for any such application or other filing to be made in connection with the Transactions. Each of the Company and Parent shall promptly inform the other
of any material communication with, and any proposed understanding, undertaking or agreement with, any Governmental Entity regarding any such application or filing. If a party hereto intends to independently participate in any meeting with any
Governmental Entity in respect of any such filings, investigation or other inquiry, then such party shall give the other party reasonable prior notice of such meeting and invite Representatives of the other party to participate in the meeting with
the Governmental Entity unless prohibited by such Governmental Entity. The parties shall coordinate and cooperate with one another in connection with any analyses, appearances, presentations, memoranda, briefs, arguments, opinions and proposals made
or submitted by or on behalf of any party in connection with all meetings, actions and proceedings under or relating to any such application or filing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(b) The Company and Parent shall give (or shall cause their respective Subsidiaries to give) any notices to third parties, and use, and cause their respective Subsidiaries to use, reasonable best efforts to obtain any
third party consents (i)&nbsp;necessary, proper or advisable to consummate the Transactions, (ii)&nbsp;required to be disclosed in the Company Disclosure Schedule or (iii)&nbsp;required to prevent a Company Material Adverse Effect from occurring
prior to or after the consummation of the Offer; <U>provided</U>, <U>however</U>, that the Company and Parent shall coordinate and cooperate in determining whether any actions, notices, consents, approvals or waivers are required to be given or
obtained, or should be given or obtained, from parties to any Company Scheduled Agreements in connection with consummation of the Transactions and seeking any such actions, notices, consents, approvals or waivers. In the event that either party
shall fail to obtain any third party consent described in the first sentence of this Section&nbsp;6.3(b), such party shall use its reasonable best efforts, and shall take any such actions reasonably requested by the other party hereto, to mitigate
any adverse effect upon the Company and Parent, their respective Subsidiaries, and their respective businesses resulting, or which could reasonably be expected to result after the consummation of the Offer, from the failure to obtain such consent.
Notwithstanding the foregoing, neither Parent nor Purchaser shall be required to, and neither the Company nor any Company Subsidiary will without the written consent of Parent, make any material payment to any third party or agree to any limitation
on the conduct of its business, in order to obtain any such consent. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">53 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) From the date of this Agreement until the consummation of the Offer, each of Purchaser and the
Company shall promptly notify the other in writing of any pending or, to the knowledge of Purchaser or the Company (as the case may be), threatened action, suit, arbitration or other proceeding or investigation by any Governmental Entity or any
other Person (i)&nbsp;challenging or seeking material damages in connection with the Transactions or (ii)&nbsp;seeking to restrain or prohibit the consummation of the Transactions or otherwise limit in any material respect the right of Purchaser or
any affiliate of Purchaser to own or operate all or any portion of the businesses or assets of the Company or any Company Subsidiary. The Company shall give Parent the opportunity to consult with the Company regarding the defense or settlement of
any such stockholder litigation and shall consider Parent&#146;s views with respect to such stockholder litigation and shall not settle any such stockholder litigation without the prior written consent of Parent. Notwithstanding the foregoing, the
Company shall not be required to provide any notice or information to Parent the provision of which the Company in good faith determines may adversely affect the Company&#146;s or any other person&#146;s attorney client or other privilege with
respect to such information. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) If any administrative or judicial action or proceeding is instituted (or threatened to be instituted) by
a Governmental Entity challenging the Transactions as violative of any applicable law, each of the Company and Purchaser shall, and shall cause their respective affiliates to, cooperate and use their reasonable best efforts to contest and resist,
except insofar as the Company and Purchaser may otherwise agree, any such action or proceeding, including any action or proceeding that seeks a temporary restraining order or preliminary injunction that would prohibit, prevent or restrict
consummation of the Transactions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) Notwithstanding anything set forth in this Agreement, nothing contained in this Agreement shall give
Parent or Purchaser, directly or indirectly, the right to control or direct the operations of the Company prior to the consummation of the Offer. Prior to the consummation of the Offer, the Company shall exercise, consistent with the terms and
conditions of this Agreement, control and supervision over its business operations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) Notwithstanding anything set forth in
Section&nbsp;6.3 and any other provision hereof, in connection with the receipt of any necessary governmental approvals or clearances (including under the HSR Act), neither Parent nor the Company shall be required to sell, hold separate or otherwise
dispose of or conduct their business in a specified manner, or agree to sell, hold separate or otherwise dispose of or conduct their business in a specified manner, or permit the sale, holding separate or other disposition of, any assets of Parent,
the Company or their respective Subsidiaries or the conduct of their business in a specified manner. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(g) Parent shall vote all of the
shares of capital stock of Purchaser beneficially owned by it, or sign a written consent in lieu of a meeting of the stockholders of Purchaser, in favor of the adoption of this Agreement in accordance with applicable law. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">54 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.4 <U>Publicity</U>. So long as this Agreement is in effect, neither the Company nor
Parent, nor any of their respective controlled affiliates, shall issue or cause the publication of any press release or other announcement with respect to the Offer, the Merger or this Agreement without the prior consent of the other party, unless
such party determines, after consultation with outside counsel, that it is required by applicable law or by any listing agreement with or the listing rules of a national securities exchange or trading market to issue or cause the publication of any
press release or other announcement with respect to the Offer, the Merger or this Agreement, in which event such party shall endeavor, on a basis reasonable under the circumstances, to provide a meaningful opportunity to the other parties to review
and comment upon such press release or other announcement and shall give due consideration to all reasonable additions, deletions or changes suggested thereto; <U>provided</U>, <U>however</U>, that the party seeking to issue or cause the publication
of any press release or other announcement with respect to the Offer, the Merger or this Agreement shall not be required to provide any such review or comment to the other party in connection with any disclosure contemplated by Section&nbsp;5.2 or
Section&nbsp;5.3. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.5 <U>Directors&#146; and Officers&#146; Insurance and Indemnification</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) For a period of six (6)&nbsp;years after the Effective Time, Parent and the Surviving Corporation shall honor and fulfill in all respects the
obligations of the Company and its Subsidiaries to the fullest extent permissible under applicable provisions of the DGCL (i)&nbsp;under the Company Certificate and Company Bylaws (and the equivalent organizational documents of all such Company
Subsidiaries) in effect on the date hereof (true and correct copies of which previously have been made available to Parent) and (ii)&nbsp;under any indemnification or other similar agreements (the &#147;<U>Indemnification Agreements</U>&#148;) in
effect on the date hereof between the Company or any of its Subsidiaries and the current and former directors, officers and other employees of the Company or any Company Subsidiary (the &#147;<U>Covered Persons</U>&#148;) arising out of or relating
to actions or omissions in their capacity as directors, officers or employees occurring at or prior to the Effective Time, including in connection with the approval of this Agreement and the Transactions; <U>provided</U>, <U>however</U>, that in the
event any claim or claims are asserted or made within such six-year period, all rights to indemnification in respect of any such claim or claims shall continue until disposition of any and all such claims. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) The Surviving Corporation shall advance expenses (including reasonable legal fees and expenses) incurred in the defense of any claim, action, suit,
proceeding or investigation with respect to any matters subject to indemnification pursuant to Section&nbsp;6.5(a) pursuant to the procedures set forth, and to the extent provided in the Company Certificate, the Company Bylaws or the Indemnification
Agreements as in effect on the date hereof; provided, however, that any Person to whom expenses are advanced undertakes, to the extent required by the Company Certificate, the Company Bylaws or the DGCL, to repay such advanced expenses if it is
ultimately determined that such Person is not entitled to indemnification. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">55 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) For a period of six (6)&nbsp;years after the Effective Time, the certificate of incorporation and
bylaws of the Surviving Corporation shall contain provisions no less favorable with respect to indemnification, advancement of expenses and exculpation of Covered Persons for periods prior to and including the Effective Time than are currently set
forth in the Company Certificate and Company Bylaws. The Indemnification Agreements with Covered Persons in existence on the date of this Agreement that survive the Merger shall continue in full force and effect in accordance with their terms.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) The Surviving Corporation shall maintain and extend all existing officers&#146; and directors&#146; liability insurance
(&#147;<U>D&amp;O Insurance</U>&#148;) for a period of not less than six (6)&nbsp;years after the Effective Time with respect to claims arising in whole or in part from facts or events that actually or allegedly occurred on or before the Effective
Date, including in connection with the approval of this Agreement and the Transactions; <U>provided</U>, <U>however</U>, that Parent may substitute therefor policies of substantially equivalent coverage and amounts containing terms no less favorable
to the Covered Persons than the existing D&amp;O Insurance; <U>provided</U>, <U>further</U>, that if the existing D&amp;O Insurance expires or is terminated or cancelled during such period through no fault of Parent or the Surviving Corporation, the
Surviving Corporation shall obtain substantially similar D&amp;O Insurance; <U>provided</U> <U>further</U>, <U>however</U>, that in no event shall Parent be required to pay aggregate premiums for insurance under this Section&nbsp;6.5(d) in excess of
200% of the aggregate premiums paid by the Company in 2006 for such purpose (the &#147;<U>Base Premium</U>&#148;), the true and correct amount of which is set forth in Section&nbsp;6.5(d) of the Company Disclosure Schedule; and <U>provided</U>,
<U>further</U>, that if Parent or the Surviving Corporation is unable to obtain the amount of insurance required by this Section&nbsp;6.5(d) for such aggregate premium, Parent or the Surviving Corporation shall obtain as much insurance as can be
obtained for aggregate premiums not in excess of 200% of the Base Premium. In lieu of the foregoing, the Company may obtain prepaid policies prior to the Effective Time, which policies may provide the Covered Persons with D&amp;O Insurance coverage
of equivalent amount and on no more favorable terms than that provided by the Company&#146;s current D&amp;O Insurance for an aggregate period of at least six (6)&nbsp;years with respect to claims arising from facts or events that occurred on or
before the Effective Time, including in connection with the approval of this Agreement and the Transactions contemplated hereby. If such prepaid policies have been obtained prior to the Effective Time, Parent and the Surviving Corporation shall be
relieved of all further obligations under this Section&nbsp;6.5(d); <U>provided</U>, that Parent and the Surviving Corporation shall maintain such policies in full force and effect, and continue to honor its obligations thereunder. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) In the event the Surviving Corporation or any of its successors or assigns (i)&nbsp;consolidates with or merges into any other Person and shall not
be the continuing or surviving corporation or entity of such consolidation or merger or (ii)&nbsp;transfers all or substantially all of its properties and assets to any Person, then and in each such case, proper provision shall be made so that such
continuing or surviving corporation or entity or transferee of such assets, as the case may be, shall assume all of the applicable obligations set forth in this Section&nbsp;6.5. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">56 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) The Covered Persons (and their successors and heirs) are intended third party beneficiaries of this
Section&nbsp;6.5, and this Section&nbsp;6.5 shall not be amended in a manner that is adverse to the Covered Persons (including their successors and heirs) or terminated without the consent of the Covered Persons (including their successors and
heirs) affected thereby. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.6 <U>State Takeover Laws</U>. If any &#147;control share acquisition&#148;, &#147;fair
price&#148; or other anti-takeover laws or regulations enacted under state or federal laws becomes or is deemed to become applicable to the Company, the Offer, the acquisition of Shares pursuant to the Offer, the Merger, the Support Agreements or
any other Transaction, then the Company Board of Directors shall take all action necessary to render such statute inapplicable to the foregoing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">Section&nbsp;6.7 <U>Certain Tax Matters</U>. During the period from the date hereof to the Effective Time, the Company shall and shall cause each of the Company Subsidiaries to: (i)&nbsp;timely file all material Tax Returns required to be
filed by the Company or such Company Subsidiary, as the case may be, and prepare such Tax Returns in all material respects in a manner consistent with past practice, (ii)&nbsp;timely pay all material Taxes due and payable by the Company and such
Company Subsidiary, respectively, except for such Taxes contested in good faith and for which an adequate reserve has been established in accordance with GAAP on the appropriate financial statements and (iii)&nbsp;promptly notify Parent of any
federal or state income or franchise, or other material Tax, suit claim, action, investigation, proceeding or audit pending against or with respect to the Company or any Company Subsidiary in respect of any Tax matters (or any significant
developments with respect to ongoing Tax matters), including without limitation material Tax liabilities and material refund claims. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman"
SIZE="2">Section&nbsp;6.8 <U>Rights Agreement; Consequences if Rights Triggered</U>. The Company Board of Directors shall take all action requested in writing by Parent or Purchaser in order to render the Company Rights inapplicable to the Offer,
the Merger, the Support Agreements and the other Transactions. Except as approved in writing by Parent, the Company Board shall not (i)&nbsp;amend the Company Rights Agreement, (ii)&nbsp;redeem the Company Rights or (iii)&nbsp;take any action with
respect to, or make any determination under, the Company Rights Agreement, in each case in a manner adverse to Parent or Purchaser. If any Distribution Date, Stock Acquisition Date or Flip-In Event occurs under the Company Rights Agreement at any
time during the period from the date of this Agreement to the Effective Time, the Company and Parent shall make such adjustment to the Offer Price as the Company and Parent shall mutually agree so as to preserve the economic benefits that the
Company and Parent each reasonably expected on the date of this Agreement to receive as a result of the consummation of the Offer, the Merger and the other Transactions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
FACE="Times New Roman" SIZE="2">Section&nbsp;6.9 <U>Section&nbsp;16</U>. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Effective Time, </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">57 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">to approve, for purposes of Section&nbsp;16(b) of the Exchange Act, the deemed disposition and cancellation of the vested Company Options in the Merger.
Provided that Company shall first provide to Parent the names of its stockholders and the number of shares of Common Stock or Company Options which may be subject to Section&nbsp;16(b) of the Exchange Act and any other information reasonably
requested by Parent and relating to the same, the Board of Directors of Parent, or an authorized committee thereof, shall, prior to the Effective Time, take appropriate action to approve, for purposes of Section&nbsp;16(b) of the Exchange Act, the
issuance of the Merger Consideration to holders of Company Options in accordance with Section&nbsp;2.5. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.10 <U>Obligations
of Purchaser</U>. Parent shall take all action necessary to cause Purchaser and the Surviving Corporation to perform their respective obligations under this Agreement and to consummate the transactions contemplated by this Agreement, including the
Offer and the Merger, upon the terms and subject to the conditions set forth in this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.11 <U>Employee Benefits
Matters</U>. Except as provided in the last sentence of this Section&nbsp;6.11, Parent and the Surviving Corporation shall have no obligation to continue after the Effective Time any plan or arrangement in effect immediately before the Effective
Time (except as otherwise required by applicable law, including without limitation ERISA and the Code) for current or former employees, officers or directors of the Company or any Subsidiary, and shall have the discretion to continue or terminate
any of such programs, or to merge any of them into plans or arrangements in effect for other employees of Parent or the Surviving Corporation. To the extent legally permitted, employees of the Company or any Subsidiary shall receive credit for
purposes of eligibility to participate and vesting under any employee pension benefit plan, program or arrangement established or maintained by the Surviving Corporation or any of its Subsidiaries and for the purpose of eligibility and determining
the amount of any benefit with respect to any employee welfare benefit plan, program or arrangement established or maintained by the Surviving Corporation for service accrued or deemed accrued prior to the Effective Time with the Company or any
Subsidiary; <U>provided</U>, <U>however</U>, that such crediting of service shall not operate to duplicate any benefit or the funding of any such benefit. Parent shall also cause the Surviving Corporation to perform the Company&#146;s obligations
under the change in control and other agreements set forth in the Company Disclosure Schedule between the Company and certain of its officers and employees unless any such officer or employee agrees otherwise. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.12 <U>Termination of 401(k) Plan</U>. Unless Parent directs the Company otherwise in writing no later than five (5)&nbsp;business days
prior to the Effective Time, the Company Board of Directors shall adopt resolutions terminating, effective at least two (2)&nbsp;days prior to the Effective Time, any Benefit Plan which is intended to meet the requirements of section 401(k) of the
Code (each such Benefit Plan, a &#147;401(k) Plan&#148;). At the Closing, the Company shall provide Parent with (i)&nbsp;executed resolutions of the Company Board of Directors authorizing such termination and (ii)&nbsp;an executed copy of any
necessary amendment to each such 401(k) Plan in a form reasonably satisfactory to Parent that is intended to assure compliance with all applicable requirements of the Code and the regulations thereunder. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">58 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;6.13 <U>Rule 14d-10(d)</U>. Prior to the Expiration Date, the Company (acting through its
Compensation Committee) will take all such steps as may be required to cause each agreement, arrangement or understanding entered into by the Company or its Subsidiaries on or after the date hereof with any of its officers, directors or employees
pursuant to which consideration is paid to such officer, director or employee to be approved as an Employment Compensation Arrangement and to satisfy the requirements of the non-exclusive safe-harbor set forth in Rule 14d-10(d) of the Exchange Act.
</FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VII </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">CONDITIONS
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;7.1 <U>Conditions to Each Party&#146;s Obligations to Effect the Merger</U>. The respective obligations of each party to
effect the Merger shall be subject to the satisfaction on or prior to the Closing Date of each of the following conditions, any and all of which may be waived in whole or in part by Parent, Purchaser and the Company, as the case may be, to the
extent permitted by applicable law: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Stockholder Approval</U>. This Agreement shall have been adopted by the holders of a majority of
the then outstanding Shares, if required by applicable law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Statutes; Court Orders</U>. No statute, rule or regulation shall have
been enacted or promulgated by any Governmental Entity which prohibits the consummation of the Merger, and there shall be no order or injunction of a court of competent jurisdiction in effect preventing the consummation of the Merger. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Purchase of Shares in Offer</U>. The Purchaser shall have accepted for payment and paid for, or caused to be accepted for payment and paid for,
all Shares validly tendered and not withdrawn pursuant to the Offer (including pursuant to any &#147;subsequent offer period&#148; provided by Purchaser pursuant to this Agreement). </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VIII </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">TERMINATION </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;8.1 <U>Termination</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a)
This Agreement may be terminated and the Transactions may be abandoned at any time before the Appointment Time: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">59 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(i) by either Parent (by action duly authorized by the Parent Board of Directors, or an
authorized committee thereof) or the Company (by action of the Company Board of Directors): </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(1) if there has been a breach
by the other party of any representation, warranty, covenant or agreement set forth in this Agreement, which breach (A)&nbsp;in the case of the Company shall result in any condition or requirement set forth in Annex I not being satisfied, and
(B)&nbsp;in the case of a breach by Parent or Purchaser, shall have had or is reasonably like to have, individually or in the aggregate, a material adverse effect upon Parent or Purchaser&#146;s ability to consummate the Offer or Merger (and in each
case such breach is not reasonably capable of being cured or such condition is not reasonably capable of being satisfied within thirty (30)&nbsp;days after the receipt of notice thereof by the defaulting party from the non-defaulting party, it being
understood and agreed that this Agreement may not be terminated pursuant to this Section&nbsp;8.1(a)(i)(1) during such 30-day period or following such 30-day period if such breach is cured during such 30-day period)<B>; </B> </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(2) if Purchaser shall not have accepted for payment and paid for all Shares tendered pursuant to the Offer in accordance with the terms
thereof on or before the Initial Outside Date or the Extended Outside Date, as applicable; <U>provided</U>, <U>however</U>, that the right to terminate this Agreement pursuant to this Section&nbsp;8.1(a)(i)(2) shall not be available to any party
whose breach of any representation, warranty, covenant or agreement set forth in this Agreement has been the cause of, or resulted in, Purchaser&#146;s failure to accept for payment and pay for all Shares tendered pursuant to the Offer prior to the
Initial Outside Date or Extended Outside Date; or </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(ii) by Parent, if (1)&nbsp;the Company Board of Directors or any
committee thereof shall have effected a Company Change in Recommendation (whether or not in compliance with Section&nbsp;5.3), (2)&nbsp;the Company shall have violated or breached (or be deemed pursuant to the terms thereof, to have violated or
breached) in any material respect the provisions of Sections 5.2 and as a result thereof, the Company shall have received an Acquisition Proposal, (3)&nbsp;the Company Board of Directors or any committee thereof shall have approved or recommended
(or proposed publicly to approve or recommend) any Acquisition Proposal (whether or not a Superior Proposal), (4)&nbsp;if, after a tender offer or exchange offer that, if successful, would result in any Person or &#147;group&#148; (as defined in our
under Section&nbsp;13(d) of the Exchange Act ) becoming a beneficial owner of twenty percent (20%)&nbsp;or more of the outstanding Shares is commenced (other than by Parent or Purchaser), the Company Board of Directors shall have failed to recommend
that the Company&#146;s stockholders not tender their Shares in such tender or exchange offer, (5)&nbsp;the Company or any Company Subsidiary shall have entered into any agreement (other than a confidentiality agreement as contemplated by
Section&nbsp;5.2(b)), including any letter of intent, with respect to any </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">60 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Acquisition Proposal, (6)&nbsp;the Company shall have failed to include the Company Recommendation in the Schedule 14D-9 or to permit Parent and Purchaser to
include the Company Recommendation in the Offer Documents, (7)&nbsp;the Company Board of Directors shall have failed to reconfirm the Company Recommendations or its approval of this Agreement, the Offer, the Merger or any other Transaction promptly,
and in any event within five (5)&nbsp;business days following Parent&#146;s request to do so or (8)&nbsp;the Company Board of Directors or any committee thereof shall have resolved to take any action described in the preceding clauses
(1)&nbsp;through (7); or </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(iii) by the Company, immediately prior to entering into a definitive agreement with respect to a
Superior Proposal, provided that (1)&nbsp;the Company received such Superior Proposal other than as a result of a breach of or violation of the terms of Section&nbsp;5.2 hereof, (2)&nbsp;the Company has not breached or violated the terms of
Section&nbsp;5.2 or 5.3 hereof in connection with such Superior Proposal (or any Acquisition Proposal that was a precursor thereto), (3)&nbsp;subject to the terms of this Agreement, the Company Board of Directors has effected a Company Change in
Recommendation in response to such Superior Proposal pursuant to and in compliance with Section&nbsp;5.3(c)(i) and authorized the Company to enter into such definitive agreement for such Superior Proposal (which authorization may be subject to
termination of this Agreement), (4)&nbsp;immediately prior to the termination of this Agreement, the Company pays to Parent the Termination Fee payable pursuant to Section&nbsp;8.2(b) hereof, and (5)&nbsp;immediately following the termination of
this Agreement, the Company enters into such definitive agreement to effect such Superior Proposal. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) This Agreement may be terminated
and the Transactions may be abandoned at any time before the Effective Time, whether before or after stockholder approval thereof: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(i) if a court of competent jurisdiction or other Governmental Entity shall have issued a final, non-appealable order, decree or ruling in each case permanently restraining, enjoining or otherwise prohibiting the Transactions; or
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(ii) by mutual written consent of Parent and the Company duly authorized by the Company Board of Directors and the Parent
Board of Directors, or authorized committee thereof. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;8.2 <U>Effect of Termination</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) In the event of the termination of this Agreement as provided in Section&nbsp;8.1, written notice thereof shall forthwith be given to the other party
or parties specifying the provision hereof pursuant to which such termination is made, and this Agreement shall forthwith become null and void and there shall be no liability on the part of Parent, the Purchaser or the Company, except (i)&nbsp;as
set forth in Section&nbsp;6.4, Section&nbsp;8.2 and Sections 9.3 through 9.14 and (ii)&nbsp;nothing herein shall relieve any party from liability for any willful or intentional material breach of this Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">61 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Termination Fee</U>. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(i) If Parent terminates this Agreement pursuant to Section&nbsp;8.1(a)(ii), then the Company shall pay to Parent promptly, but in no
event later than two (2)&nbsp;business days after the date of such termination, a termination fee of US $61.0 million in cash (the &#147;<U>Termination Fee</U>&#148;). </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(ii) If the Company terminates this Agreement pursuant to Section&nbsp;8.1(a)(iii), prior to and as a condition to the effectiveness of
such termination, the Company shall pay to Parent the Termination Fee. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(iii) If (A)&nbsp;Parent or the Company shall have
terminated this Agreement pursuant to Section&nbsp;8.1(a)(i)(2) as a result of the failure to satisfy the Minimum Condition, and (B)&nbsp;following the execution and delivery of this Agreement and prior to the termination of this Agreement an
Acquisition Proposal (whether or not a continuation or renewal of, or otherwise relating to, an Acquisition Proposal that was publicly announced or became publicly known prior to the execution and delivery of this Agreement) shall have been publicly
announced or shall have become publicly known and not publicly withdrawn, and (C)&nbsp;concurrently with, or within twelve (12)&nbsp;months following such termination, a Third Party Acquisition Event occurs, then, the Company shall pay to Parent
promptly, but in no event later than the date of consummation of such Third Party Acquisition Event, the Termination Fee. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">(iv) If (A)&nbsp;Parent shall have terminated this Agreement pursuant to Section&nbsp;8.1(a)(i)(1) as a result of a breach of a covenant or agreement of the Company under this Agreement or an intentional breach of a representation or
warranty of the Company under this Agreement, and (B)&nbsp;following the execution and delivery of this Agreement and prior to the breach forming the basis for such termination, an Acquisition Proposal (whether or not a continuation or renewal of,
or otherwise relating to, an Acquisition Proposal that was known to the Company prior to the execution and delivery of this Agreement) is known to the Company, and (C)&nbsp;concurrently with, or within twelve (12)&nbsp;months following such
termination, a Third Party Acquisition Event occurs, then, the Company shall pay to Parent promptly, but in no event later than the date of consummation of such Third Party Acquisition Event, the Termination Fee. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) The Termination Fee shall be paid by wire transfer of immediately available funds to an account designated in writing by Parent. For the avoidance of
doubt, in no event shall the Company be obligated to pay the Termination Fee on more than one occasion. Except to the extent required by applicable law, the Company shall not withhold any withholding taxes on any payment under this Section&nbsp;8.2.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">62 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) The Company acknowledges that the agreements contained in this Section&nbsp;8.2 are an integral part
of the Transactions contemplated by this Agreement and that without such provisions, Parent would not have entered into this Agreement. If the Company fails to pay the Termination Fee and Parent or Purchaser commences a suit which results in a
judgment against the Company for the Termination Fee, the Company shall pay Parent and Purchaser their costs and expenses (including reasonable attorney&#146;s fees and disbursements) in connection with such suit, together with interest on the
amounts set forth in Section&nbsp;8.2(b) hereof at the prime rate of Citibank N.A. in effect on the date such payment was required to be made. Likewise, if the Company fails to pay the Termination Fee and Parent or Purchaser commences a suit which
results in a judgment against Parent and Purchaser, Parent shall pay the Company its costs and expenses (including reasonable attorney&#146;s fees and disbursements) in connection with such suit. </FONT></P> <P
STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE IX </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">MISCELLANEOUS </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.1 <U>Amendment and Modification; Waiver</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">(a) Subject to applicable law and except as otherwise provided in this Agreement, this Agreement may be amended, modified and supplemented in any and all respects, whether before or after any vote of stockholders of
the Company contemplated hereby, by written agreement of the parties hereto (by action taken by their respective Boards of Directors); <U>provided</U>, <U>however</U>, that after the adoption of this Agreement by the stockholders of the Company, no
amendment shall be made which by law requires further approval by such stockholders without obtaining such further approval. This Agreement may not be amended except by an instrument in writing signed on behalf of each of the parties hereto.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) At any time and from time to time prior to the Effective Time, any party or parties hereto may, to the extent legally allowed and
except as otherwise set forth herein, (i)&nbsp;extend the time for the performance of any of the obligations or other acts of the other party or parties hereto, as applicable, (ii)&nbsp;waive any inaccuracies in the representations and warranties
made to such party or parties hereto contained herein or in any document delivered pursuant hereto and (iii)&nbsp;waive compliance with any of the agreements or conditions for the benefit of such party or parties hereto contained herein. Any
agreement on the part of a party or parties hereto to any such extension or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such party or parties, as applicable. Any delay in exercising any right under this
Agreement shall not constitute a waiver of such right. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.2 <U>Non-survival of Representations and Warranties</U>. None of
the representations and warranties in this Agreement or in any schedule, instrument or other document delivered pursuant to this Agreement shall survive the Effective Time. This Section&nbsp;9.2 shall not limit any covenant or agreement of the
parties which by its terms contemplates performance after the Effective Time. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">63 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.3 <U>Expenses</U>. Except as expressly set forth in Section&nbsp;8.2(b), all fees, costs
and expenses incurred in connection with this Agreement, the Offer and the Merger shall be paid by the party incurring such fees, costs and expenses; provided, however, that Parent and the Company shall share equally the (i)&nbsp;filing fees paid by
Parent or the Company in connection with filing, permits, authorizations, consents and approvals as may be required under the HSR Act and the Required Governmental Approvals, and (ii)&nbsp;the out of pocket fees and expenses of Parent and the
Company incurred in connection with the preparation, printing and mailing of the Offer Documents and Schedule 14D-9. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.4
<U>Notices</U>. All notices and other communications hereunder shall be in writing and shall be deemed given if delivered personally (notice deemed given upon receipt), telecopied (notice deemed given upon confirmation of receipt) or sent by a
nationally recognized overnight courier service, such as Federal Express (notice deemed given upon receipt of proof of delivery), to the parties at the following addresses (or at such other address for a party as shall be specified by like notice):
</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">if to Parent or Purchaser, to: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">TELEFONAKTIEBOLAGET LM ERICSSON (publ) </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SE-164 83 </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Stockholm, Sweden </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Telephone:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;+46 8 719 00 00 </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Facsimile:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;+46 8 719 9527 </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Attention: Carl Olof Blomqvist </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">with a copy to: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Latham&nbsp;&amp; Watkins LLP </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">505 Montgomery Street, Suite 2000 </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">San Francisco, California 94111 </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Attention: John M. Newell, Esq. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Facsimile: 1 (415)&nbsp;395-8095 </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">and </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Latham&nbsp;&amp; Watkins LLP </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">140 Scott Drive </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Menlo Park, California 94025 </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Attention: Peter F. Kerman, Esq. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Facsimile: 1 (650)&nbsp;463-2600 </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">and </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">if to the Company, to: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Redback Networks Inc. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">64 </FONT></P>


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


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">100 Headquarters Way </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">San Jose, California 95314 </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Telephone: (408)&nbsp;750-5000 </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Facsimile: (408)&nbsp;750-5599 </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Attention: General Counsel </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">with copies to: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Wilson Sonsini Goodrich&nbsp;&amp; Rosati </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Professional Corporation </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">650 Page Mill Road </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Palo Alto, California 94304 </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Attention: John Sheridan, Esq. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Facsimile: (650)&nbsp;493-6811 </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">and </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Wilson Sonsini Goodrich&nbsp;&amp; Rosati </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Professional Corporation </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">One Market Street </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Spear Tower, Suite 3300 </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">San Francisco, California 94105 </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Attention: Michael S. Ringler, Esq. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Facsimile: (415)&nbsp;947-2099 </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.5
<U>Certain Definitions</U>. For the purposes of this Agreement, the term: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Acquisition Proposal&#147;</I> means any inquiry, offer,
proposal or indication of interest, whether or not in writing, as the case may be, by any Person that relates to an Acquisition Transaction. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2"><I>&#147;Acquisition Transaction&#147;</I> means any transaction or series of transactions (other than the transactions contemplated by this Agreement) involving (i)&nbsp;any merger, consolidation, recapitalization, liquidation or other
direct or indirect business combination involving the Company pursuant to which the stockholders of the Company immediately preceding such transaction would hold less than eighty-five percent (85%)&nbsp;of the equity or voting securities of the
surviving or resulting entity of such transaction, (ii)&nbsp;the issuance by the Company or any Company Subsidiaries, directly or indirectly, or the acquisition by any Person or &#147;group&#148; (as defined under Section&nbsp;13(d) of the Exchange
Act), directly or indirectly, of shares of any class of capital stock or other equity securities of (A)&nbsp;the Company representing more than fifteen percent (15%)&nbsp;or more (by ownership or voting power) of the outstanding shares of any class
of capital stock of the Company or (B)&nbsp;any Company Subsidiary or Subsidiaries whose assets constitute fifteen percent (15%)&nbsp;or more of the assets of the Company and its Subsidiaries, taken as a whole, (iii)&nbsp;any tender or exchange
offer that if consummated would result in any Person or &#147;group&#148; (as defined in our under Section&nbsp;13(d) of the Exchange Act) beneficially owning shares of any class of capital stock or other equity securities of the Company
representing more than fifteen percent (15%)&nbsp;or more (by ownership or voting power) of </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">65 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">the outstanding shares of any class capital stock of the Company, (iv)&nbsp;any the acquisition, license, lease, purchase or other disposition of assets that
constitute more than twenty percent (20%)&nbsp;of the assets of the Company and its Subsidiaries, taken as a whole, other than the sale of inventory in the ordinary course of business or consistent with past practice, or (v)&nbsp;any combination of
the foregoing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;business days&#148; </I>means any day, other than Saturday, Sunday or a United States federal holiday, and shall
consist of the time period from 12:01 a.m. through 12:00 midnight New York City time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Company Compensation Arrangement&#148;</I>
means (i)&nbsp;any employment agreement, severance agreement or change of control agreement between the Company or a Company Subsidiary and a Key Employee and any amendments thereto entered into during the 12 months immediately prior to the date
hereof, (ii)&nbsp;any Company Stock Rights or Restricted Stock awarded to, or any acceleration of vesting of any Common Stock Rights or Restricted Stock held by, a Key Employee during the 12 months immediately prior to the date hereof, and
(iii)&nbsp;any Company Stock Rights or Restricted Stock awarded to, or any acceleration of vesting of any Common Stock Rights or Restricted Stock held by, a member of the Company Board of Directors during the 12 months immediately prior to the date
hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Company IP&#148;</I> means Owned Company IP and Licensed Company IP. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Company Material Adverse Effect&#148; </I>means any change, effect, development, circumstance, condition or worsening thereof (an
&#147;<U>Effect</U>&#148;) that, individually or when taken together will all other Effects that exist at the date of determination, has or is reasonably likely to have a material adverse effect on the properties, assets, liabilities, condition
(financial or otherwise), business or results of operations of the Company and the Company Subsidiaries, taken as a whole; <U>provided</U>, <U>however</U>, that no Effects resulting from, relating to or arising out of the following shall be deemed
to be or constitute a Company Material Adverse Effect, and no Effects resulting from, relating to or arising out of the following shall be taken into account when determining whether a Company Material Adverse Effect has occurred or is reasonably
likely to exist (i)&nbsp;conditions (or changes therein) in any industry or industries in which the Company operates to the extent that such conditions do not have a materially disproportionate effect on the Company and its Subsidiaries, taken as a
whole, relative to other companies of comparable size to the Company operating in such industry or industries, (ii)&nbsp;general economic conditions (or changes therein) in the United States, in any country in which the Company or any of
Subsidiaries conducts business or in the global economy as a whole, (iii)&nbsp;any generally applicable change in law, rule or regulation or GAAP or interpretation of any of the foregoing to the extent that such conditions do not have a materially
disproportionate effect on the Company and its Subsidiaries, taken as a whole, relative to other companies of comparable size to the Company operating in such industry or industries, (iv)&nbsp;conditions arising out of acts of terrorism, war,
weather conditions or other force majeure events to the extent that such conditions do not have a materially disproportionate effect on the Company and its Subsidiaries, taken as a whole, relative to other companies of comparable size to the Company
operating in such industry or industries, (v)&nbsp;Effects primarily related to the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">66 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">announcement of the execution of this Agreement or the pendency of the Offer or the Merger, including the loss or departure of officers or other employees of
the Company or any of its subsidiaries, or the termination, reduction (or potential reduction) or any other negative development (or potential negative development) in the Company&#146;s relationships with any of its customers, suppliers,
distributors or other business partners, (vi)&nbsp;compliance with the terms of, or the taking of any action required by, this Agreement, or the failure to take any action prohibited by this Agreement, (vii)&nbsp;any actions taken, or failure to
take action, to which Parent or Purchaser has expressly consented or requested, (viii)&nbsp;changes in the Company&#146;s stock price or the trading volume of the Company&#146;s stock, in and of itself (it being understood that the facts or
occurrences giving rise or contributing to such changes that are not otherwise excluded from the definition of a &#147;Company Material Adverse Effect&#148; may be taken into account), (ix)&nbsp;any failure by the Company to meet any published
analyst estimates or expectations of the Company&#146;s revenue, earnings or other financial performance or results of operations for any period, in and of itself, or any failure by the Company to meet its internal budgets, plans or forecasts of its
revenues, earnings or other financial performance or results of operations, in and of itself (it being understood that the facts or occurrences giving rise or contributing to such failure that are not otherwise excluded from the definition of a
&#147;Company Material Adverse Effect&#148; may be taken into account) and (x)&nbsp;any legal proceedings made or brought by any of the current or former stockholders of the Company (on their own behalf or on behalf of the Company) arising out of or
related to this Agreement or any of the transactions contemplated hereby. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Company Products&#148;</I> means products distributed
and services performed by Company or its Subsidiaries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Company Property&#148;</I> means any real property and improvements, now
or heretofore, owned, leased or operated by the Company or any of the Company Subsidiaries or their respective predecessors. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2"><I>&#147;Company Stock Plans&#148;</I> mean collectively the Company&#146;s 1999 Stock Incentive Plan and 2004 Employment Inducement Award Plan and each other stock option, stock appreciation rights or other equity incentive plan maintained
or assumed by the Company and the Company Subsidiaries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Company Subsidiary&#148;</I> means each Person which is a Subsidiary of
the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Environmental Claims&#148;</I> means any and all administrative, regulatory or judicial actions, suits, demands,
demand letters, claims, Liens, notices of noncompliance or violation, investigations or proceedings under any Environmental Law or any permit issued under any such Environmental Law, including, without limitation, (A)&nbsp;any and all Environmental
Claims by Governmental Entities for enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any applicable Environmental Law and (B)&nbsp;any and all Environmental Claims by any third party seeking damages,
contribution, indemnification, cost recovery, compensation or injunctive relief resulting from Hazardous Materials or arising from alleged injury to the environment or as a result of exposure to Hazardous Materials. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">67 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Environmental Law&#148; </I>means any federal, state, foreign or local statute, law, rule,
regulation, ordinance, code or rule of common law and any judicial or administrative interpretation thereof binding on the Company or its operations or property as of the date hereof and Closing Date, including any judicial or administrative order,
consent decree or judgment, relating to the environment, Hazardous Materials, worker safety or exposure of any Person to Hazardous Materials including, without limitation, the Comprehensive Environmental Response, Compensation, and Liability Act of
1980, as amended, 42 U.S.C. sec. 9601 et seq.; the Resource Conservation and Recovery Act, as amended, 42 U.S.C. sec. 6901 et seq.; the Federal Water Pollution Control Act, as amended, 33 U.S.C. sec. 1251 et seq.; the Toxic Substances Control Act,
15 U.S.C. sec. 2601 et seq.; the Clean Air Act, 42 U.S.C. sec. 7401 et seq.; Oil Pollution Act of 1990, 33 U.S.C. sec. 2701 et seq.; the Safe Drinking Water Act, 42 U.S.C. sec. 300f et seq.; the Hazardous Materials Transportation Act, 49 U.S.C. sec.
1801 et seq.; the Occupational Safety and Health Act of 1970, 29 U.S.C. sec. 651 et seq., and all similar or analogous foreign, state, regional or local statutes, secondary and subordinate legislation, and directives, and the rules and regulations
promulgated thereunder. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;ERISA Affiliate&#148;</I> means any trade or business, whether or not incorporated, that together with
the Company would be deemed a single employer for purposes of Section&nbsp;4001 of ERISA or Sections 414(b), (c), (m), (n)&nbsp;or (o)&nbsp;of the Code. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2"><I>&#147;Hazardous Materials&#148;</I> means (A)&nbsp;any petroleum or petroleum products, radioactive materials, asbestos in any form that is or could become friable, transformers or other equipment that contain
dielectric fluid containing levels of polychlorinated biphenyls, and radon gas; and (B)&nbsp;any chemicals, materials or substances defined as or included in the definition of &#147;hazardous substances,&#148; &#147;hazardous wastes,&#148;
&#147;hazardous materials,&#148; &#147;extremely hazardous wastes,&#148; &#147;extremely hazardous substances,&#148; &#147;restricted hazardous wastes,&#148; &#147;toxic substances,&#148; &#147;toxic pollutants,&#148; or words of similar import,
under any applicable Environmental Law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Intellectual Property&#148;</I> shall mean any or all of the following:
(i)&nbsp;inventions (whether patentable or not), invention disclosures, industrial designs, improvements, trade secrets, proprietary information, know how, technology, technical data and customer lists, and all documentation relating to any of the
foregoing; (ii)&nbsp;business, technical and know-how information, non-public information, and confidential information, including databases and data collections;&nbsp;(iii) works of authorship (including computer programs, source code, object code,
whether embodied in software, firmware or otherwise), architecture, documentation, files, records, schematics, verilog files, netlists, emulation and simulation reports, test vectors and hardware development tools; (iv)&nbsp;URLs and domain names;
and (v)&nbsp;any similar or equivalent property of any of the foregoing (as applicable). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Intellectual Property Rights&#148;</I>
shall mean any or all of the following and all worldwide common law and statutory rights in, arising out of, or associated therewith: (i)&nbsp;patents and applications therefor and all reissues, divisions, renewals, extensions, provisionals,
continuations and continuations-in-part thereof (&#147;<I>Patents</I>&#148;); (ii)&nbsp;copyrights, copyrights registrations and applications therefor, and all other rights corresponding </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">68 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">thereto throughout the world including moral and economic rights of authors and inventors, however denominated (&#147;<I>Copyrights</I>&#148;);
(iii)&nbsp;industrial designs and any registrations and applications therefor; (iv)&nbsp;trade names, logos, common law trademarks and service marks, trademark and service mark registrations and applications therefor (&#147;<I>Trademarks</I>&#148;);
(v)&nbsp;trade secrets (including, those trade secrets defined in the Uniform Trade Secrets Act and under corresponding foreign statutory and common law), business, technical and know-how information, non-public information, and confidential
information and rights to limit the use or disclosure thereof by any Person; including databases and data collections and all rights therein (&#147;<I>Trade Secrets</I>&#148;); and (vi)&nbsp;any similar or equivalent rights to any of the foregoing
(as applicable). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Key Employee&#148;</I> means an employee of the Company or a Company Subsidiary identified on Annex II.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;knowledge&#148; </I>will be deemed to be the actual knowledge of any executive officer or director of Parent, Purchaser or the
Company, as the case may be. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Licensed Company IP</I>&#148; means all Intellectual Property and Intellectual Property Rights that
are licensed to the Company or any of its Subsidiaries by third parties and material to the conduct of the business of the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2"><I>&#147;Lien&#148;</I> means any lien, pledge, hypothecation, mortgage, security interest, encumbrance, claim, infringement, interference, option, right of first refusal, preemptive right, community property interest or restriction of any
nature (including any restriction on the voting of any security, any restriction on the transfer of any security or other asset, any restriction on the possession, exercise or transfer of any other attribute of ownership of any asset). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Owned Company IP&#148;</I> means shall mean all Intellectual Property and Intellectual Property Rights that are owned or purported to be
owned by the Company or any of its Subsidiaries and material to the conduct of the business of the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Person&#148;</I>
means a natural person, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Entity or other entity or organization. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Registered IP&#148;</I> means all Intellectual Property that is registered, filed, or issued under the authority of any Governmental Entity,
including all Patents, registered Copyrights, registered Trademarks, domain names and URLs, and all applications for any of the foregoing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2"><I>&#147;Release&#148;</I> means disposing, discharging, injecting, spilling, leaking, leaching, dumping, emitting, escaping, emptying or seeping into or upon any land or water or air, or otherwise entering into the environment. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Subsidiary&#148;</I> means with respect to any Person, any corporation, limited liability company, partnership or other organization, whether
incorporated or unincorporated, of which (i)&nbsp;at least a majority of the outstanding shares of capital stock of, or other equity interests, having by their terms ordinary voting power to elect a majority of the board of directors or others
performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries, or by such Person and one or more </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">69 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">of its Subsidiaries or (ii)&nbsp;such Person or any other Subsidiary of such Person is a general partner (excluding any such partnership where such Person or
any Subsidiary of such Person does not have a majority of the voting interest in such partnership). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Superior Proposal&#148;</I>
means any bona fide written Acquisition Proposal received by the Company after the date hereof and not in breach of this Agreement, that is not subject to any financing condition or contingency (provided, that for the purposes of this definition,
(A)&nbsp;the applicable percentages in clause (i)&nbsp;of the definition of Acquisition Transaction shall be twenty percent (20%)&nbsp;as opposed to eighty-five percent (85%), and (B)&nbsp;the applicable percentages in clauses (ii), (iii)&nbsp;and
(iv)&nbsp;of the definition of Acquisition Transaction shall be eighty percent (80%)&nbsp;as opposed to fifteen percent (15%)), which the Company Board of Directors determines in good faith, After Consultation, taking into account, among other
things, all legal, financial, regulatory, timing and other aspects of the Acquisition Proposal and the Third Party making the Acquisition Proposal and any adjustment to the terms and conditions of this Agreement proposed by Parent in response to
such Acquisition Proposal would, if consummated in accordance with its terms, be more favorable to the holders of Shares (in their capacity as such) than the transactions contemplated by this Agreement, including the Offer and the Merger (after
taking into account any adjustment to the terms and conditions of this Agreement proposed by Parent in response to such Acquisition Proposal). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">&#147;Tax&#148; or &#147;<I>T</I>axes&#148; means any federal, state, local or foreign income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental, customs duties,
capital stock, franchise, profits, withholding, social security, unemployment, disability, real property, personal property, sales, use, transfer, registration, value added, alternative or add-on minimum, estimated, or other tax of any kind
whatsoever, including any interest, penalty, or addition thereto, whether disputed or not. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Tax Claim&#148;</I> means any audit,
investigation, litigation or other proceeding conducted by or with any Governmental Entity with respect to Taxes. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Tax
Return&#148;</I> means any return, report, certificate, form or similar statement or document or other communication required or permitted to be supplied to, or filed with, a Governmental Entity in connection with the determination, assessment or
collection of any Tax or the administration of any&nbsp;laws relating to any Tax. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Third Party Acquisition Event</I>&#148; means
the consummation of an Acquisition Transaction or series of related Acquisition Transactions; <U>provided</U>, that the consummation of such Acquisition Proposal or Acquisition Proposals results in the acquisition by any Third Party of (i)&nbsp;a
majority of the outstanding Shares or (ii)&nbsp;a majority (by number of shares or voting power) of the outstanding capital stock of the Company or (iii)&nbsp;a majority of the assets (including the capital stock or assets of any Subsidiary) of the
Company and the Company Subsidiaries, taken as a whole. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">70 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.6 <U>Terms Defined Elsewhere</U>. The following terms are defined elsewhere in this
Agreement, as indicated below: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="62%"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;401(k)&nbsp;Plan&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Section 6.12</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;After Consultation&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Section 5.2(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Agreement&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Introduction</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Appointment Date&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 5.1</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Appointment Time&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.3</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Appraisal Rights&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.3(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Assignee&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 9.13</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Balance Sheet Date&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.8(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Bankruptcy Claims/Interest</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.25(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Bankruptcy Confirmation Order&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.25</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Base Premium&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 6.6(d)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Benefit Plans&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.11(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Certificate of Merger&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.5</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Certificates&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.2(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Closing&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.6</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Closing Date&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.6</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Code&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.2(e)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Common Stock&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.2(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Introduction</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Agreements&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.5(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Board of Directors&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Recitals</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Bylaws&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.3(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Certificate&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.3(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Change in Recommendation&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 5.3(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Collective Bargaining Agreement&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.16(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Disclosure Schedule&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Article III</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Financial Advisor&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.20</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Governing Documents&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.3(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company IP Agreements&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.15(d)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Material Contract&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.13</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Options&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.5(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Permits&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.17(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Recommendation&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 5.3(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Rights&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.2(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Rights Agreement&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.2(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Scheduled Agreements&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.5(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company SEC Documents&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.6(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Company Stock Rights&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.2(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Compensation Committee&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.25</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Confidentiality Agreement&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 5.2(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Continuing Directors&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.3(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Covered Persons&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 6.6(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;D&amp;O Insurance&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 6.6(d)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Dissenting Shares&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.3(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Effective Time&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.5</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Employment Compensation Arrangement&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 5.1(i)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Equity Interests&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.2(a)</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">71 </FONT></P>


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


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="62%"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;ESPP&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Section 2.6</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Exchange Act&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.1(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Expiration Date&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.1(d)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Financial Statements&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.6(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Foreign Plans&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.11(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;GAAP&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.6(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;DGCL&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Recitals</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Governmental Approval Condition&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Annex I</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Governmental Entity&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.5(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;HSR Act&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.5(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;HSR Condition&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Annex I</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Indemnification Agreements&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 6.6(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Initial Expiration Date&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.1(d)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;International Trade Laws&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.17(d)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Junior Preferred Stock&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.2(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Legal Proceedings&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.10</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Merger&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Recitals</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Merger Agreement&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Annex I</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Merger Consideration&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.1(c)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Minimum Condition&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.1(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Nasdaq&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.3(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Notice of Recommendation Change&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 5.3(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Offer&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Recitals</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Offer Documents&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.1(h)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Offer Price&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Recitals</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Offer to Purchase&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.1(c)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Option Consideration&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.5(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Initial Outside Date&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.1(e)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Extended Outside Date&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.1(e)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Parent&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Introduction</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Paying Agent&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.2(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Permitted Liens&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.14</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Post Signing Returns&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 6.8</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Preferred Stock&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.2(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Promissory Note&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.4(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Proxy Statement&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.9(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Public Disclosure&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 5.3(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Purchase Right&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.6</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Purchaser&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Introduction</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Purchaser Common Stock&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.1</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Regulation M-A&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.1(h)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Reorganization Plan&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.25</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Representatives&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 5.2(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Repurchase Rights&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.5(c)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Required Governmental Approvals&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Annex I</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Restricted Stock&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.5(c)</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">72 </FONT></P>


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


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="62%"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;RSU&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Section 2.5(d)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;RSU Consideration&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.5(d)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;SAR&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.5(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Sarbanes-Oxley Act&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.6(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Schedule 14D-9&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.2(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Schedule TO&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.1(h)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;SEC&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.1(h)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Securities Act&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.6(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Shares&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Recitals</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Short Form Threshold&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.10</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Significant Subsidiary&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.1(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Special Meeting&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.9(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Support Agreements&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Recitals</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Surviving Corporation&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 1.4(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Termination Fee&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 8.2(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Third Party&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 5.2(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;50% Top-Up Closing&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.4(b)(iii)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;50% Top-Up Exercise Notice&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.4(b)(iii)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;50% Top-Up Notice Date&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.4(b)(iii)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;50% Top-Up Notice Receipt&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.4(b)(iii)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;50% Top-Up Option&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.4(b)(i)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;50% Top-Up Option Shares&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.4(b)(i)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;90% Top-Up Closing&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.4(a)(iii)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;90% Top-Up Exercise Notice&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.4(a)(iii)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;90% Top-Up Notice Date&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.4(a)(iii)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;90% Top-Up Notice Receipt&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.4(a)(iii)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;90% Top-Up Option&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.4(a)(i)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;90% Top-Up Option Shares&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.4(a)(i)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Transactions&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Recitals</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Unvested Cash&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.5(c)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Voting Debt&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 3.2(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Warrant&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.7</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">&#147;Warrant Consideration&#148;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Section 2.7</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.7 <U>Interpretation</U>. When a reference is made in this Agreement to Sections,
such reference shall be to a Section of this Agreement unless otherwise indicated. Whenever the words &#147;include&#148;, &#147;includes&#148; or &#147;including&#148; are used in this Agreement they shall be deemed to be followed by the words
&#147;without limitation.&#148; As used in this Agreement, the term &#147;affiliates&#148; shall have the meaning set forth in Rule 12b-2 of the Exchange Act. All references to this Agreement shall be deemed to include references to the &#147;plan
of merger&#148; contained herein (as such term is used in the DGCL). The table of contents and headings set forth in this Agreement are for convenience of reference purposes only and shall not affect or be deemed to affect in any way the meaning or
interpretation of this Agreement or any term or provision hereof. When reference is made herein to a Person, such reference shall be deemed to include all direct and indirect Subsidiaries of such Person unless otherwise indicated or the context
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">73 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">otherwise requires. Unless otherwise indicated, all references herein to the Subsidiaries of a Person shall be deemed to include all direct and indirect
Subsidiaries of such Person unless otherwise indicated or the context otherwise requires. The parties hereto agree that they have been represented by counsel during the negotiation and execution of this Agreement and, therefore, waive the
application of any law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.8 <U>Counterparts</U>. This Agreement may be executed manually or by facsimile by the parties hereto, in any number of counterparts, each
of which shall be considered one and the same agreement and shall become effective when a counterpart hereof shall have been signed by each of the parties and delivered to the other parties. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.9 <U>Entire Agreement; No Third-Party Beneficiaries</U>. This Agreement (including the Company Disclosure Schedule) and the
Confidentiality Agreement: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) constitute the entire agreement among the parties with respect to the subject matter hereof and thereof and
supersede all other prior agreements (except that the Confidentiality Agreement shall be amended so that until the termination of this Agreement in accordance with Section&nbsp;8.1 hereof, Parent and Purchaser shall be permitted to take the action
contemplated by this Agreement, including the making of any proposals as contemplated by Section&nbsp;5.3) and understandings, both written and oral, among the parties or any of them with respect to the subject matter hereof and thereof, and
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) except as provided in Section&nbsp;6.5, are not intended to confer upon any Person other than the parties hereto any rights or
remedies hereunder. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.10 <U>Severability</U>. If any term or other provision of this Agreement is invalid, illegal or
incapable of being enforced by rule of law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the Offer or the Merger is not
affected in any manner adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the
original intent of the parties as closely as possible in an acceptable manner to the end that the Offer and the Merger are fulfilled to the extent possible. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
FACE="Times New Roman" SIZE="2">Section&nbsp;9.11 <U>Governing Law; Jurisdiction</U>. (a)&nbsp;This Agreement shall be governed by, and construed in accordance with, the Laws of the State of Delaware, without giving effect to conflicts of laws
principles that would result in the application of the law of any other state. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) Each of the parties hereto hereby irrevocably and
unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Delaware Court of </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">74 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Chancery, or, if no such state court has proper jurisdiction, the Federal court of the United States of America, sitting in Delaware, and any appellate court
from any thereof, in any action or proceeding arising out of or relating to this Agreement or the agreements delivered in connection herewith or the transactions contemplated hereby or thereby or for recognition or enforcement of any judgment
relating thereto, and each of the parties hereby irrevocably and unconditionally (i)&nbsp;agrees not to commence any such action or proceeding except in such courts, (ii)&nbsp;agrees that any claim in respect of any such action or proceeding may be
heard and determined in such Delaware Court of Chancery court or, if no such state court has proper jurisdiction, the in such Federal court, (iii)&nbsp;waives, to the fullest extent it may legally and effectively do so, any objection which it may
now or hereafter have to the laying of venue of any such action or proceeding in any such Delaware Court of Chancery or Federal court, and (iv)&nbsp;waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such Delaware Court of Chancery or Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions
by suit on the judgment or in any other manner provided by law. Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section&nbsp;9.4. Nothing in this Agreement will affect the right of any
party to this Agreement to serve process in any other manner permitted by law. Each party hereto agrees not to commence any legal proceedings relating to or arising out of this Agreement or the Transactions in any jurisdiction or courts other than
as provided herein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.12 <U>Waiver of Jury Trial</U>. EACH PARTY IS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT AND ANY OF THE AGREEMENTS DELIVERED IN CONNECTION HEREWITH OR THE OFFER AND MERGER CONTEMPLATED HEREBY OR THEREBY. EACH
PARTY CERTIFIES AND ACKNOWLEDGES THAT (A)&nbsp;NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE EITHER OF SUCH WAIVERS,
(B)&nbsp;IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF SUCH WAIVERS, (C)&nbsp;IT MAKES SUCH WAIVERS VOLUNTARILY, AND (D)&nbsp;IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN
THIS SECTION&nbsp;9.12. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.13 <U>Assignment</U>. This Agreement shall not be assigned by any of the parties hereto (whether
by operation of law or otherwise) without the prior written consent of the other parties, except that Purchaser may assign, in its sole discretion and without the consent of any other party, any or all of its rights, interests and obligations
hereunder to (i)&nbsp;Parent, (ii)&nbsp;to Parent and one or more direct or indirect wholly-owned Subsidiaries of Parent or (iii)&nbsp;to one or more direct or indirect wholly-owned Subsidiaries of Parent (each, an &#147;<U>Assignee</U>&#148;).
Subject to the preceding sentence, but without relieving any party hereto of any obligation hereunder, this Agreement will </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">75 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">be binding upon, inure to the benefit of and be enforceable by the parties and their respective successors and assigns. Notwithstanding anything to the
contrary contained herein, Parent, Purchaser and their affiliates shall have the right to collaterally assign in whole or in part this Agreement and any ancillary agreements or documents related to the Transactions and any of their respective rights
thereunder as security to one or more lenders or purchasers of debt securities who, in each case, are being granted a collateral interest in this Agreement or any ancillary agreements or documents related to the Transactions. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT FACE="Times New Roman" SIZE="2">Section&nbsp;9.14 <U>Enforcement; Remedies</U>. The parties hereto agree that irreparable damage would occur in the event that any of the provisions of
this Agreement were not performed in accordance with their specific terms. It is accordingly agreed that the parties hereto shall be entitled seek an injunction or injunctions to prevent breaches of this Agreement and to specifically enforce the
terms hereof, this being in addition to any other remedy to which they are entitled at law or in equity. Except as otherwise provided herein, any and all remedies herein expressly conferred upon a party will be deemed cumulative with and not
exclusive of any other remedy conferred hereby, or by law or equity upon such party, and the exercise by a party of any one remedy will not preclude the exercise of any other remedy. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><I>[Signature Page Follows] </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">76 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">IN WITNESS WHEREOF, Parent, Purchaser and the Company have caused this Agreement to be signed by their
respective officers thereunto duly authorized as of the date first written above. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>PARENT:</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>TELEFONAKTIEBOLAGET LM ERICSSON</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman"
SIZE="2"><B>(publ)</B></FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ C<SMALL>ARL</SMALL>-H<SMALL>ENRIC</SMALL> S<SMALL>VANBERG</SMALL></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Carl-Henric Svanberg</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">President &amp; Chief Executive Officer</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ C<SMALL>ARL</SMALL> O<SMALL>LOF</SMALL> B<SMALL>LOMQVIST</SMALL></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Carl Olof Blomqvist</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Senior Vice President &amp; General Counsel</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>PURCHASER:</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>MAXWELL ACQUISITION CORPORATION</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ J<SMALL>OHN</SMALL> M<SMALL>OORE</SMALL></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">John Moore</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Vice President</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>COMPANY:</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>REDBACK NETWORKS INC.</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ K<SMALL>EVIN</SMALL> D<SMALL>E</SMALL>N<SMALL>UCCIO</SMALL></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Kevin DeNuccio</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">President &amp; Chief Executive Officer</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><I>SIGNATURE PAGE TO AGREEMENT AND PLAN OF MERGER </I></FONT></P>

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

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>ANNEX I </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">Notwithstanding any other provisions of the Offer, but subject to the terms and conditions set forth in the Merger Agreement, and in addition to (and not in limitation of) Purchaser&#146;s rights and obligations to
extend or amend the Offer in accordance with the provisions of the Merger Agreement and any applicable rules and regulations of the SEC, including Rule 14e-l(c) under the Exchange Act, Purchaser shall not be required to accept for payment or pay
for, and may delay the acceptance for payment of or, subject to the restrictions referred to above, the payment for, any validly tendered Shares if (i)&nbsp;the Minimum Condition shall not have been satisfied at any then scheduled Expiration Date,
(ii)&nbsp;any waiting period under the HSR Act applicable to the transactions contemplated by the Merger Agreement has not expired or terminated prior to the termination or expiration of the Offer at or prior to any then scheduled Expiration Date
(the &#147;<U>HSR Condition</U>&#147;), (iii)&nbsp;any other Required Governmental Approvals shall not have been obtained or any waiting period (or extension thereof) or mandated filing shall not have lapsed or been made either unconditionally or on
terms satisfactory to Parent at or prior to any then scheduled Expiration Date (collectively, the &#147;<U>Governmental Approval Condition</U>&#147;), or (iv)&nbsp;any of the following events has occurred and be continuing at the scheduled
Expiration Date: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) there shall be threatened in writing or pending any suit, action or proceeding by any Governmental Entity of competent
jurisdiction against Parent, Purchaser, the Company or any Company Subsidiary (i)&nbsp;challenging the acquisition by Purchaser (or Parent on Purchaser&#146;s behalf) of any Shares pursuant to the Offer or seeking to restrain or prohibit the making
or consummation of the Offer or the Merger, (ii)&nbsp;seeking to impose material limitations on the ability of Purchaser (or Parent on Purchaser&#146;s behalf), or render Purchaser (or Parent on Purchaser&#146;s behalf) unable, to accept for
payment, pay for or purchase any or all of the Shares pursuant to the Offer or the Merger, or seeking to require divestiture thereof or any material assets of the Company or any Company Subsidiary, (iii)&nbsp;seeking to prohibit or impose any
material limitations on the ownership or operation by Parent (or any of its Subsidiaries) of all or any portion of businesses or assets of Parent, the Company or any of their respective Subsidiaries as a result of or in connection with the
Transactions, or to compel Parent, the Company or any of their respective Subsidiaries to dispose of, license or hold separate any material portion of the businesses or assets of Parent, the Company or any of their respective Subsidiaries as a
result of or in connection with the Transactions, (iv)&nbsp;seeking to impose material limitations on the ability of Parent or Purchaser effectively to exercise full rights of ownership of the Shares, including the right to vote the Shares purchased
by it on all matters properly presented to the stockholders of the Company, or (v)&nbsp;which otherwise would reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect; </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) there shall be any statute, rule, regulation, judgment, order or injunction enacted, entered, enforced, promulgated or which is deemed applicable
pursuant to an authoritative interpretation by or on behalf of a Government Entity to the Offer, the Merger or any other transaction contemplated by the Merger Agreement, or </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">I-i </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">any other action shall be taken by any Governmental Entity, other than the application to the Offer or the Merger of applicable waiting periods under HSR Act
or similar waiting periods with respect to the Required Governmental Approvals, that (x)&nbsp;is, in the reasonable judgment of Parent and Purchaser, likely, individually or in the aggregate, to result, directly or indirectly, in any of the
consequences referred to in clauses (i)&nbsp;through (v)&nbsp;of paragraph (a)&nbsp;above, or (y)&nbsp;has the effect of making such transactions illegal or which has the effect of prohibiting or otherwise preventing the consummation of any of the
transactions contemplated by the Merger Agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c)(i) any of the representations and warranties of the Company contained in Sections
3.2, 3.3, 3.4 or 3.5(b) shall not be true and correct in all material respects, each as of the date hereof and as of the expiration date of the Offer with the same force and effect as if made on and as of such date, except for representations and
warranties that relate to a specific date or time (which need only be true and correct in all material respects as of such date or time), or (ii)&nbsp;except as has not had and would not reasonably be expected to have, individually or in the
aggregate with all other failures to be true or correct, a Company Material Adverse Effect, the representations and warranties of the Company contained in this Agreement, other than representations and warranties referenced in clause (i)&nbsp;of
this paragraph (c), shall not be true and correct in all respects (without giving effect to any references to any Company Material Adverse Effect or materiality qualifications and other qualifications based upon the concept of materiality or similar
phrases contained therein and without giving effect to any modifications or updates to the Company Disclosure Schedule) as of the date of the Merger Agreement and as of the expiration date of the Offer with the same force and effect as if made on
and as of such date, except for representations and warranties that relate to a specific date or time (which need only be true and correct (without giving effect to any references to any Company Material Adverse Effect or materiality qualifications
and other qualifications based upon the concept of materiality or similar phrases contained therein and without giving effect to any modifications or updates to the Company Disclosure Schedule) as of such date or time); </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(d) since the date of the Merger Agreement, any fact(s), change(s), event(s), development(s) or circumstance(s) have occurred, arisen or come into
existence or become known to the Company, Parent or Purchaser, which is continuing and which has had or would reasonably be expected to have, individually or in the aggregate with all other such fact(s), change(s), event(s), development(s) or
circumstance(s), a Company Material Adverse Effect; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(e) the Company shall have breached or failed, in any material respect, to perform or
to comply with any agreement or covenant to be performed or complied with by it under the Merger Agreement prior to the expiration of the Offer (or, in the case of Section&nbsp;6.1 hereof, shall have intentionally breached or failed in any material
respect to perform or comply with such Section&nbsp;6.1) and such breach or failure shall not have been cured; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(f) Purchaser shall have
failed to receive a certificate of the Company, executed by the Chief Executive Officer and the Chief Financial Officer of the Company, dated as of the scheduled Expiration Date, to the effect that the conditions set forth in paragraphs (c)&nbsp;and
(e)&nbsp;of this Annex I have not occurred; or </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">I-ii </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(g) the Merger Agreement shall have been terminated in accordance with its terms. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">The foregoing conditions are for the sole benefit of Parent and Purchaser, may be asserted by Parent or Purchaser regardless of the circumstances giving
rise to such condition, and may be waived by Parent or Purchaser in whole or in part at any time and from time to time and in the sole discretion of Parent or Purchaser, subject in each case to the terms of the Merger Agreement. The foregoing
conditions shall be in addition to, and not a limitation of the rights of Parent and Purchaser to extend, terminate and/or modify the Offer pursuant to the terms and conditions of the Merger Agreement. Any reference in this Annex I or in the Merger
Agreement to a condition or requirement being satisfied shall be deemed met if such condition or requirements is so waived. The failure by Parent or Purchaser at any time to exercise any of the foregoing rights shall not be deemed a waiver of any
such right and, each such right shall be deemed an ongoing right that may be asserted at any time and from time to time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">As used in this
Annex I, the term &#147;<U>Required Governmental Approvals</U>&#148; shall mean any applicable review process by CFIUS under the Exon-Florio Act (including, if applicable, any investigation commenced thereunder) and any other material approval or
consent of any Governmental Entity of competent jurisdiction reasonably deemed necessary, appropriate or desirable by Parent by the later of (i)&nbsp;ten business days after the date of the Merger Agreement, and (ii)&nbsp;five business days after
Parent has received all information from the Company which is reasonably necessary to enable Parent to determine which such approvals or consents may be necessary, appropriate or desirable under applicable law, as shall be evidenced by a list of
which will be delivered to the Company within such period. The other capitalized terms used in this Annex I shall have the meanings set forth in the Agreement to which it is annexed, except that the term &#147;<U>Merger Agreement</U>&#147; shall be
deemed to refer to the Agreement to which this Annex I is annexed. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">I-iii </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ANNEX II </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2">Key Employees </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Ebrahim Abassi </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Georges Antoun </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Thomas L. Cronan III </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Rod W. Couvrey
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Kevin A. DeNuccio </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Scott Marshall </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Stephen Y. Tam </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Simon Zarrin </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">II-i </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Schedule 5.4 </U></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">Promptly after the date of the Agreement, the Company will issue to and set aside with a disbursement agent (the &#147;Disbursement Agent&#148;) the maximum number of Shares that the Company would be required to issue
pursuant to the Reorganization Plan and the Bankruptcy Confirmation Order to the holders of such Unresolved Bankruptcy Claims/Interests were such Unresolved Bankruptcy Claims/Interests allowed in the respective maximum amounts claimed by such
holders (the &#147;Escrowed Shares&#148;). To the extent any Unresolved Bankruptcy Claims/Interests are allowed in a liquidated amount prior to the Effective Time, the Disbursement Agent shall promptly distribute the applicable portion of the
Escrowed Shares to the holders of such allowed Unresolved Bankruptcy Claims/Interests, and if all Unresolved Bankruptcy Claims/Interests have been resolved as of the Effective Time, then all Escrowed Shares not required to be distributed to any
holders of Unresolved Bankruptcy Claims/Interests shall be delivered by the Disbursement Agent to the Company and cancelled pursuant to Section&nbsp;2.1(b) of the Agreement. If, as of the Effective Time, any Escrowed Shares remain undistributed, and
one or more Unresolved Bankruptcy Claims/Interests remain unresolved, then (i)&nbsp;that portion of the remaining Escrowed Shares that would be required to be issued pursuant to the Reorganization Plan and Bankruptcy Confirmation Order to the
holders of such Unresolved Bankruptcy Claims/Interests were such Unresolved Bankruptcy Claims/Interests allowed in the respective maximum amounts claimed by such holders shall be converted to the right to receive Merger Consideration pursuant to
Section&nbsp;2.1(c) of the Agreement, and the applicable portion of such Merger Consideration shall be distributed to such holders as and when their Unresolved Bankruptcy Claims/Interests are allowed in a liquidated amount, and (ii)&nbsp;the
remaining portion of such Escrowed Shares shall be delivered by the Disbursement Agent to the Company and cancelled pursuant to Section&nbsp;2.1(b) of the Agreement. Upon resolution and payment from the Merger Consideration of all Unresolved
Bankruptcy Claims/Interests that were unresolved as of the Effective Time, any remaining Merger Consideration shall be delivered by the Disbursement Agent to the Company and shall become unrestricted cash of the Company. </FONT></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.1
<SEQUENCE>3
<FILENAME>dex121.htm
<DESCRIPTION>CERTIFICATION OF CEO PURSUANT TO SECTION 302
<TEXT>
<HTML><HEAD>
<TITLE>Certification of CEO Pursuant to Section 302</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 12.1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Certification of Chief Executive Officer </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Pursuant to Section&nbsp;302 of the Sarbanes-Oxley Act of
2002 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">I, Carl-Henric Svanberg, certify that: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">I have reviewed this annual report on Form 20-F of Telefonaktiebolaget LM Ericsson (publ) (the &#147;Company&#148;); </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period covered by this report; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of
operations and cash flows of the Company as of, and for, the periods presented in this report; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Company&#146;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and
15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Company and have: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information
relating to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">evaluated the effectiveness of the Company&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls
and procedures, as of the end of the period covered by this report based on such evaluation; and </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">disclosed in this report any change in the Company&#146;s internal control over financial reporting that occurred during the period covered by the annual report that has materially
affected, or is reasonably likely to materially affect, the Company&#146;s internal control over financial reporting; and </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Company&#146;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company&#146;s auditors
and the audit committee of the Company&#146;s board of directors (or persons performing the equivalent functions): </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the
Company&#146;s ability to record, process, summarize and report financial information; and </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">any fraud, whether or not material, that involves management or other employees who have a significant role in the Company&#146;s internal control over financial reporting.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Dated: <U></U>June 7, 2007 </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="100%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">/s/ C<SMALL>ARL</SMALL>-H<SMALL>ENRIC</SMALL> S<SMALL>VANBERG</SMALL></FONT></P></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Carl-Henric Svanberg</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>President and Chief Executive Officer</B></FONT></P></TD></TR>
</TABLE></DIV>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.2
<SEQUENCE>4
<FILENAME>dex122.htm
<DESCRIPTION>CERTIFICATION OF CFO PURSUANT TO SECTION 302
<TEXT>
<HTML><HEAD>
<TITLE>Certification of CFO Pursuant to Section 302</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 12.2 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Certification of Chief Financial Officer </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Pursuant to Section&nbsp;302 of the Sarbanes-Oxley Act of
2002 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">I, Karl-Henrik Sundstr&ouml;m, certify that: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">I have reviewed this annual report on Form 20-F of Telefonaktiebolaget LM Ericsson (publ) (the &#147;Company&#148;); </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period covered by this report; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of
operations and cash flows of the Company as of, and for, the periods presented in this report; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Company&#146;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and
15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Company and have: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information
relating to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">evaluated the effectiveness of the Company&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls
and procedures, as of the end of the period covered by this report based on such evaluation; and </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">disclosed in this report any change in the Company&#146;s internal control over financial reporting that occurred during the period covered by the annual report that has materially
affected, or is reasonably likely to materially affect, the Company&#146;s internal control over financial reporting; and </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Company&#146;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company&#146;s auditors
and the audit committee of the Company&#146;s board of directors (or persons performing the equivalent functions): </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the
Company&#146;s ability to record, process, summarize and report financial information; and </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">any fraud, whether or not material, that involves management or other employees who have a significant role in the Company&#146;s internal control over financial reporting.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Dated: <U></U>June 7, 2007 </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="100%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">/s/ K<SMALL>ARL</SMALL>-H<SMALL>ENRIK</SMALL> S<SMALL>UNDSTR&Ouml;M</SMALL></FONT></P></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Karl-Henrik Sundstr&ouml;m</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Executive Vice President and Chief Financial Officer</B></FONT></P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-13.1
<SEQUENCE>5
<FILENAME>dex131.htm
<DESCRIPTION>CERTIFICATION OF CEO PURSUANT TO SECTION 906
<TEXT>
<HTML><HEAD>
<TITLE>Certification of CEO Pursuant to Section 906</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 13.1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Certification of Chief Executive Officer </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Pursuant to 18 U.S.C. &#167;1350, as created by Section&nbsp;906 of the
Sarbanes-Oxley Act of 2002, the undersigned officer of Telefonaktiebolaget LM Ericsson (publ) (the &#147;Company&#148;) hereby certifies, to such officer&#146;s knowledge, that: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(i)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">the Annual Report on Form 20-F of the Company for the period ended December&nbsp;31, 2006 (the &#147;Report&#148;) fully complies with the requirements of Section&nbsp;13(a) or
Section&nbsp;15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(ii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Dated: <U></U>June 7, 2007 </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="100%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">/s/ C<SMALL>ARL</SMALL>-H<SMALL>ENRIC</SMALL> S<SMALL>VANBERG</SMALL></FONT></P></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Carl-Henric Svanberg</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>President and Chief Executive Officer</B></FONT></P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The foregoing certification is being furnished solely to accompany the Report pursuant to 18 U.S.C. &#167;
1350, and is not being filed for purposes of Section&nbsp;18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of
any general incorporation language in such filing. </FONT></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-13.2
<SEQUENCE>6
<FILENAME>dex132.htm
<DESCRIPTION>CERTIFICATION OF CFO PURSUANT TO SECTION 906
<TEXT>
<HTML><HEAD>
<TITLE>Certification of CFO Pursuant to Section 906</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 13.2 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Certification of Chief Financial Officer </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Pursuant to 18 U.S.C. &#167;1350, as created by Section&nbsp;906 of the
Sarbanes-Oxley Act of 2002, the undersigned officer of Telefonaktiebolaget LM Ericsson (publ) (the &#147;Company&#148;) hereby certifies, to such officer&#146;s knowledge, that: </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(i)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">the Annual Report on Form 20-F of the Company for the period ended December&nbsp;31, 2006 (the &#147;Report&#148;) fully complies with the requirements of Section&nbsp;13(a) or
Section&nbsp;15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(ii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Dated: <U></U>June 7, 2007 </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="100%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">/s/ K<SMALL>ARL</SMALL>-H<SMALL>ENRIK</SMALL> S<SMALL>UNDSTR&Ouml;M</SMALL></FONT></P></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Karl-Henrik Sundstr&ouml;m</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Executive Vice President and Chief Financial Officer</B></FONT></P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The foregoing certification is being furnished solely to accompany the Report pursuant to 18 U.S.C. &#167;
1350, and is not being filed for purposes of Section&nbsp;18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of
any general incorporation language in such filing. </FONT></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-15.1
<SEQUENCE>7
<FILENAME>dex151.htm
<DESCRIPTION>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
<TEXT>
<HTML><HEAD>
<TITLE>Consent of Independent Registered Public Accounting Firm</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 15.1 </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Consent of Independent Registered Public Accounting Firm </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">We hereby consent to the incorporation by reference in the
Registration Statements on Forms S-8 (File Nos. 333-135116 as amended, 333-125978, 333-122785, 333-107160, 333-100472, 333-81524, 333-13102, 333-07636, 033-35332, and 033-04813) of Telefonaktiebolaget LM Ericsson of our report dated June 7, 2007,
relating to the financial statements, management&#146;s assessment of the effectiveness of internal control over financial reporting and the effectiveness of internal control over financial reporting, which appears in this Annual Report on Form
20-F. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="43%" BORDER="0">

<TR>
<TD WIDTH="100%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ PricewaterhouseCoopers AB</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">PricewaterhouseCoopers AB</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Stockholm, Sweden</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">June 7,
2007</FONT></P></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g36434g04h01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g04h01.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0AH4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````OP```$8````&`&<`,``T
M`&@`,``Q`````0`````````````````````````!``````````````!&````
MOP`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````!<L````!````*0```'``
M``!\```V0```!:\`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!P`"D#`2(``A$!`Q$!_]T`!``#_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#L:NF"NQS7]1LO8^EU#&O;82S=6/>RSU/<YONNW?SGI?X3_"(^5@57
M>D:^HNQJK,?T@:]VY]=?N<_'>ZS:S<YU?Z6MF^RK]_\`G*]3]GXLM.T[FC:#
MN</:!MV:'Z&W\Q)_3L)X:UU0+6[MK=0T;BU[O;.WZ;&/_KI*<EF"7>^_J3'[
MZ[F:[ZS^F>ZTV-'VC<QS'/\`29M_P2V,%AKQ*JS9ZQK:&&R-LEOM^C^:H_L_
M"F?2;,D_,M]+=_6](^EN_P!'[$:JMM3`QO`DZ\DD[G./]9Q24S22224__]#U
M5))))2DDEF?6#,JQ,2IUU1N:Z^LAK2`0ZL_:JW>X._/H202`++I<:E.N)=U+
MI;J+:6X3J_68*WO8:VN@/=>[Z%;?YVQ_Z3_P/TT;_G!1_H+O\^K_`-(H\)[+
M?<AW?__1]53.<&M+B0`-23H%2NZC;2XM=1W<&^XZPYK*SI6[VV[_`*?[ZAF9
M!NP\YA9M;76X!W,R'#P_D^I_Q5E22CLO1G93GL%S:V@EN\B1`-;G6;7./O<W
M(:UG_%V?Z997UCNNOZ/C67-#+/M$.:.![+52VM\!]R?J``Z%5&GZX?\`SV].
M`HABE.P171QDDDE(PO\`_]+I"2'&"1J>Y5S`_H?4?^('_HU4W?2/Q/Y5<P/Z
M)U'_`(D?^C4\L$=_M::?J/\`R%5_X<_]%O3)^H_\A5?^'/\`T6]+J$=#Y.*D
MDDGK'__3Z1WTC\3^57,#^B=1_P")'_HU4W?2/Q/Y5<P/Z)U'_B1_Z-3RP1W^
MUII^H_\`(57_`(<_]%O3)^H_\A5?^'/_`$6]+J$=#Y.*DDDGK'__U.D=](_$
M_E5S`_HG4?\`B1_Z-5-WTC\3^57,#^B=1_XD?^C4\L$=_M::?J/_`"%5_P"'
M/_1;TR?J/_(57_AS_P!%O2ZA'0^3BI)))ZQ__]7I'?2/Q/Y5<P/Z'U'_`(@?
M^C5=L$6/V8-98'%H<:'3`):]^V/>VG^<]O\`3-^RC^;]2RUA,8]EPLPVXX,-
M+-H][=C7'=M]K_TC[&IUL8QD'=YN5+J/_(57_AS_`-%O6K-A9N;TZMQ+-S`:
M2V3&ZMCP6GTG7?S7_=3TO4NW^M6CY+*_V6''$K<_<TBDT%[=Y=Z7J?9V?I6^
MT_SG^#J_26_Z-+B1[9UU>)D>*4CQ72VBYLAG1Z"=9/V<D#4[_P`W=9]G<&8_
ML;^N^M]MH]/%IN6O^SNG?^5]7_;=2/&$>R>X?__9`#A"24T$(0``````50``
M``$!````#P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<````!,`00!D
M`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'``(``V`"X`,`````$`.$))300&
M```````'``@``0`!`0#_[@`.061O8F4`9$`````!_]L`A``!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`@("`@("`@("`@(#
M`P,#`P,#`P,#`0$!`0$!`0$!`0$"`@$"`@,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P/_P``1"`"_`$8#`1$``A$!
M`Q$!_]T`!``)_\0`I0```@,!`0$!`0````````````@%!PD*!@0#`@$!``(#
M`0$!``````````````0%`0,&`@<($``!`P0!`04'`P,%`0`````%`P0&``$"
M!PAW$A1UMC<1$[05-;4X(A87(2,),3+4E58D$0`!`@,%!04$"`8#````````
M`0*Q`P01<@4U!G&R,W,T(4%1D3+1$M)38:$B4A-4%18Q@9*BTQ="@A3_V@`,
M`P$``A$#$0`_`-J)8`_R3`H3#8D0?<G9#'WP#94_PG`0SMU>;@+23E)H'$QJ
M?8B>N#+/9IA[$(2*D)2+.65\":D.-NQ;#*V0U55S@]]@_P!_%DCG"?!]^%.<
MHL1S3D'/0&\U1NS^>>I&B^LD./O*64`EYG'-P;&&['4`VW`G#$4B1;)?W[VS
M9DW7[CG@TH8\3Y.2I3?\+Y2#MC0P1R$V!%(XIJA5MJJ$,MNLHL7B#!T=RVQ(
M(\?ALE,:#/O&@0TJH\B\YBZ,J*N1J*<?+>]78X,@2RPI'5<BYQZFEVEV_)./
M[X)!+\D16^=DGM=9[/WX"9P_;_#[E;&ISIQ49K:)/Y`OKK6_*05'2@F/*#GK
M,$C(`V2.6*(]*[,%L[B<C:V[Y!)>8!%,KRM$R";?S>XT);.$\T6SR/QB00X2
MZ@9:*AMC2*)\5@KP.VR<JL`;E$#(TR6'<\7#-_E:^(=G8.GP6_DU"`;#';$:
M3_,>.V>LGKV2[#=[H3)2Z).(#`G3\J)BO(XA(-]08&VG"I=K@,DQDVXLZ076
M9O,ABK))')A1W*&`H`H#_]#L;RW;.724"DV9GY:!/C(/-7+,**B9K./!=J;'
M*`(N"VH!*E1<RLR_;ZS(6T=Q:SARA)6SY9[BHR12;.!D\9'=V;R#:HU'L->-
M;7GL@V6J`<N(K(VFBL&Q-L[T+M/9+]76C76KID<L+L<C[)6S8RJJ97;(I-VZ
M=UU5^T'B7E+]MG([&N-I"&'8AL/^5I8@#5DALTP@\<EX>VAMK;.R/,B#8<?S
M$8$%H,B[119LGN>*7M3S["'OW*0>(O.?,*1E\C4E"-'P^((1@=*6P@HS"XR9
M!F^TMRKV0HT[RBB]'-7V#O5`3#&REGB:6:2V-\EL%;U@S87.CR:DQ*1Z_BP7
M5PQR4VLY*JPOYCL2[%(,%$`)T:<9[82'PHV2UW*7#F$*LD!*;<MDHZP>)Y+X
M*C'J2>3%GTEGZAVFML==^MFS6;,"T&U3M6-X+=VNN+C.TX\^5:Q@PHT]J"DB
M#&8L_67OADHGW-\T[.>5^U[!@NZ@"@"@/__1[QV>OH2R5%N$XP'7=@C<ED0%
MZ1:8%GX`S,"+TI)7H%^4[X\"7+/"*UU,&N:*>*>?NL,<4L<<+`?E&]:ZYAKA
MVZB$`A,4=/W*#U\YC<5!`G#UXV0(MF[MVL+8-5'+ENV,.T\%,[Y9X8.EL;7M
M97.V0$F2A\2,B_D9>+1PJ$[ZL1^3D@@Q\+^8.'#AXN_^7NFJK3OJ[MXJKFKV
M.WDHKGE>]\LLKW`^I:.1YQFY5<`0RZCSM]\46%L5<W7O&Y%HIWG/-#+)?MM"
M[M*_:]OM3=+8_P"BF=L@!M'(\R>O"3,"&:$2).QH@_;"V*#U\9L,L%L6>.DD
M,%W).P:W=++YY9*]V_M=KL?IH#\@D8`QM0NJ#')#KG'S4B2P147R14<L0@F.
M,L6S=551`>T:!035!-NWQ2;X62[5L+9YYY9`3U`%`%`?_]+OXH`H`H`H`H`H
M`H`H`H#_T^_B@"@"@"@"@"@"@"@"@/_4[^*`*`*`*`*`*`43;D+E;C=C266<
M[C/ZR<<8-\"I3#H%-Y'%&N,T$331)R!HQ%:&EHQ(A6QY6(1D+=L]1?XKW1;Y
M))J(89JV6&2M8%H"5P^2:)7/27D._<P"#RK9>U3&?([D#-8Y()P\>J+@]/(1
M>0[*,!IO&1Y"7&5V^3UF[)X,HX%:+.5TUE+9AXE?0N/<H6G)C:TM="=CK00H
M>5=(C5Y07%#VD9PW;HE>,JH/9`?D\,FF*^G1LJ?H"XW'(L^!-N^@2JY0H29E
MT<&>RQ#_U>_B@"@"@"@"@"@.3/EE(#S?DSO5!N;+H();/ER:2*))ZDDGAB7<
M6QP33P6QPPPQM_I:UK6M7<T+6K1TWV4]"0/@>/S9J8UBB)-<B?CO[U\5%[_<
MTD_]`<_[9_\`\BI?N,^ZGD5'XT[YKO-0_<TD_P#0'/\`MG__`"*>XS[J>0_&
MG?-=YJ?_UN_B@"@"@*)V3N<C`3Q:.M==2$^Z0U1+]BQXDD\9_*I69C)N)1].
M#CF0#"4S5%]F0F3+)XZS"^[0073NTP(*>_2;C)_,*W2ZE<I@<56ARR'[SU[L
MN:NY2),6=Q<"7UI.H5!BL"<,Y.*A6QK2FSJ8Y*.<7D=8),%6"[97+W]K84%A
M\^NM\--@;+G&ND@C=DI$59)@F]0,.G[S/&*RY>&O_GH]P`%#ABI1^A=R/P'$
M#7M9VO=]=@X]VV4"PYG.7'Y/;YZI3#[NYKNZ#HJ6XD#\_:@SO%>>^*B[5+*@
M*`__U^_B@"@"@,F]R<G2JNPI:#(P6-OLX@0GFO1!EN;G(`VW!+2P&Z=JMB,:
ME`AP/+KDH&*=)O6V23MHNUMDW42[6=LK2702WRV/5ZVJB+W=Z'$U>IZRGJJF
M0VGEJUDQS4M]ZVQJJG;VG@A7*<@#0&HB]=QEHH)"3@`P(6DNR%32;'9!P7)I
MNNJ?7F2IMV;D$A#-WJA-9PH1P<X9*)KX9**7R]_ITOYCOJ(_[MK?RTK^[VEU
M<9]U93#=B;/]EAQ#F4-YD\>/F\BG95(<H555EQ_&.`Y#*"T<BZ4ED#))T1Q'
M-&N+Q=/%16V>>&-[:*BC9)E.F(Y54L<*U#55];*I9LF6C'(O:EMO8BKWJ8I\
MN/R>WSU2F'W=S75T'14MQ('RS4&=XKSWQ47:I94!0'__T.V^3;%V8C.MG0<$
M.@0S]NQ'54F@94BZD$H,R/&5/-I9S1HYA#-.(]]/#Q^M%L1`MF8OWNU\G*[Q
M''M-TQGP/,ZCW=-]ER"(8ILXH\"%X='S,P%@!,ER(0!\5@@>0.%Y)+R+Y(&P
M-Y3!ZJ)1B&;&YO`?=(LJXQ0ODA06'KM);1E.P55L9.U!(6*ZSU5MX%@%8$1R
MH@%ME6<XL(@9L0+E[&3,:3A?]\HC9@B]R=>S%BVLE[504Q\W-ZP;7ZE3KS04
MKHI'!DW4@?(L2S&OY[]Y2MJVD(:;AIZ_1?PR3^7R%1*[IW;4B7VF\WD77;JF
M8?+C\GM\]4IA]W<U?T'14MQ('%:@SO%>>^*B[5+*@*`__]'HBFN_-F29W(QL
MF?122CR2S`<39R+6>L3C<FPBQI\6C+0DF5A[O$@WCQ9ZLZ98K=NS5RMFJGV5
M,\LKWC:.F5$59?=XK[3YF_4.,->]$K.Q%7_BSX3RC';4K%F\I*-':X'2/+$-
MCE(&.F]0-#>6,<9!AL>QR*MX,F_OB!'1P>W96]Y_\J+!O@EV<4$K8Y_\5-\K
MZU]IY_<6,_G/[&?"./PEV%))#LZ9B'V$9:,"T7+2TNG'H-!XFJ8DN,B`H_.S
M#N+1T,\*D,L##KM9N%%+YY+999>W+^M1*RGDRI372V6+[UG\5\%\5+W3V*U]
M=6S9554>_+24JHGNM3M]YJ=R(O\`!5$UW-ZP;7ZE3KS04JPD<&3=2!RF)9C7
M\]^\I6U;2$--PT]?HOX9)_+Y"HE=T[MJ1+[3>;R+KMU3,/EQ^3V^>J4P^[N:
MOZ#HJ6XD#BM09WBO/?%1=JEE0%`?_]+;TU]8+>)O_BE:Z9OI;L/C,SB3+RQ(
MVLG@=W@1ZP23IJ8\T0ZH&(<%MY(*=1I/,9W(7>8+7N;U@VOU*G7F@I4J1P9-
MU(%)B68U_/?O*5M6TA#3<-/7Z+^&2?R^0J)7=.[:D2^TWF\BZ[=4S#Y<?D]O
MGJE,/N[FK^@Z*EN)`XK4&=XKSWQ47:I94!0'_]/;TU]8+>)O_BE:Z9OI;L/C
M,SB3+RQ(VLG@=W@1ZP23IJ8\T0ZH&(<%MY(*=1I/,9W(7>8+7N;U@VOU*G7F
M@I4J1P9-U(%)B68U_/?O*5M6TA#3<-/7Z+^&2?R^0J)7=.[:D2^TWF\BZ[=4
MS#Y<?D]OGJE,/N[FK^@Z*EN)`XK4&=XKSWQ47:I94!0'_]3;TU]8+>)O_BE:
MZ9OI;L/C,SB3+RQ(VLG@=W@1ZP23IJ8\T0ZH&(<%MY(*=1I/,9W(7>8+7N;U
M@VOU*G7F@I4J1P9-U(%)B68U_/?O*5M6TA#3<-/7Z+^&2?R^0J)7=.[:D2^T
MWF\BZ[=4S#Y<?D]OGJE,/N[FK^@Z*EN)`XK4&=XKSWQ47:I94!0'_]7;TU]8
M+>)O_BE:Z9OI;L/C,SB3+RQ(VLG@=W@1ZP23IJ8\T0ZH&(<%MY(*=1I/,9W(
M7>8+7N;U@VOU*G7F@I4J1P9-U(%)B68U_/?O*5M6TA#3<-/7Z+^&2?R^0J)7
M=.[:D2^TWF\BZ[=4S#Y<?D]OGJE,/N[FK^@Z*EN)`XK4&=XKSWQ47:I94!0'
M_];;TU]8+>)O_BE:Z9OI;L/C,SB3+RQ(VLG@=W@1ZP23IJ8\T0ZH&(<%MY(*
M=1I/,9W(7>8+7N;U@VOU*G7F@I4J1P9-U(%)B68U_/?O*5M6TA#3<-/7Z+^&
M2?R^0J)7=.[:D2^TWF\BZ[=4S#Y<?D]OGJE,/N[FK^@Z*EN)`XK4&=XKSWQ4
M7:I94!0'_]?;TU]8+>)O_BE:Z9OI;L/C,SB3+RQ(VLG@=W@1ZP23IJ8\T0ZH
M&(<%MY(*=1I/,9W(7>8+7N;U@VOU*G7F@I4J1P9-U(%)B68U_/?O*5M6TA#3
M<-/7Z+^&2?R^0J)7=.[:D2^TWF\BZ[=4S#Y<?D]OGJE,/N[FK^@Z*EN)`XK4
M&=XKSWQ47:I94!0'_]#;TU]8+>)O_BE:Z9OI;L/C,SB3+RQ(VLG@=W@1ZP23
MIJ8\T0ZH&(<%MY(*=1I/,9W(7>8+7N;U@VOU*G7F@I4J1P9-U(%)B68U_/?O
M*5M6TA#3<-/7Z+^&2?R^0J)7=.[:D2^TWF\BZ[=4S#Y<?D]OGJE,/N[FK^@Z
M*EN)`XK4&=XKSWQ47:I94!0'_]';TU]8+>)O_BE:Z9OI;L/C,SB3+RQ(VLG@
M=W@1ZP23IJ8\T0ZH&(<%MY(*=1I/,9W(7>8+7N;U@VOU*G7F@I4J1P9-U(%)
MB68U_/?O*5M6TA#3<-/7Z+^&2?R^0J)7=.[:D2^TWF\BZ[=4S#Y<?D]OGJE,
M/N[FK^@Z*EN)`XK4&=XKSWQ47:I94!0'_]+;TU]8+>)O_BE:Z9OI;L/C,SB3
M+RQ(VLG@=W@1ZP23IJ8\T0ZH&(<%MY(*=1I/,9W(7>8+7N;U@VOU*G7F@I4J
M1P9-U(%)B68U_/?O*5M6TA#3<-/7Z+^&2?R^0J)7=.[:D2^TWF\BZ[=4S#Y<
M?D]OGJE,/N[FK^@Z*EN)`XK4&=XKSWQ47:I94!0'_]/;TU]8+>)O_BE:Z9OI
M;L/C,SB3+RQ(VLG@=W@1ZP23IJ8\T0ZH&(<%MY(*=1I/,9W(7>8+7N;U@VOU
M*G7F@I4J1P9-U(%)B68U_/?O*5M6TA#3<-/7Z+^&2?R^0J)7=.[:D2^TWF\B
MZ[=4S#Y<?D]OGJE,/N[FK^@Z*EN)`XK4&=XKSWQ47:I94!0'_]3;TU]8+>)O
M_BE:Z9OI;L/C,SB3+RQ(VLG@=W@1ZP23IJ8\T0ZH&(<%MY(*=1I/,9W(7>8+
M7N;U@VOU*G7F@I4J1P9-U(%)B68U_/?O*5M6TA#3<-/7Z+^&2?R^0J)7=.[:
MD2^TWF\BZ[=4S#Y<?D]OGJE,/N[FK^@Z*EN)`XK4&=XKSWQ47:I94!0'_]7K
MW+\2^-2!\T+*[5.CI"P$/9B:".IS`6A,3&TL[JO9$_&N8W9ZPC[6^?ZW:N-D
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M)/"T>%.DX_D@1.7R5QMW1'+-Q[<K?H_K:O7ZA.^ZWR7VFK]IX=\Z?YM^`M;1
MNA-#1Z6Y3C5NR'TX)1=1^(?I,YA#9,-'.R#)PS79EDXZ'07:/<$5,KXIYK)Y
M6RM[;XWM:]JU3:R9.8K'-;9]%OM)=%I^CH*AE5)F35F(B^I6V=J6=S4B+YMS
M@EQ#ENZ':D\W5*(SM3<9HY*0L!_D?6(4S(EUUG+XI>&Q8S$',C+,&/NU+Y>Z
M[U=+#"_;S_3>]3)6,U4F5+E-ER_=:B(EJ+;V?]BKK-$X56U5163:BH29,>KE
ML<RRU5M[+9:K9_-2H6_!/_'J[%"CK7E(_<A#TO\`X^!F6^[M(K"C,]O9/*T(
M%$$XADT(R^^*N-_EJ.>;WV96_M_UM6S]=J_ER_)WQ$?_`%_@_P"9JOZF?XR=
M&?X[.#1LI)@@;D'+"QJ%'`\8F0@9M?4#\I$I+(2WR`!'I,P:PA5V!.'#M^Y,
MVCK!)PY=_P!E/#)3]-/UVK^7+\G?$/\`7^#_`)FJ_J9_C/_6[#=G0HW(]FG2
M1@[I43&@VT]:&=;L5MDJ1\J4VM'1&M9#\NV(!_CYRY5GTS!"U`#7-(V^2911
MTS>)AW3F]\;C)$C]:26Y*9W0GNG!SJ>;$@,TD+YO,G4A6U5*8MOF5G8_#(P`
M4!`\9<$E4Y%O!BR;I['5LI.N<6P167549X!:7)QB@[N!L-M#G.P8!L7)[MA9
MVZ+09FY8NVA\?KK7<:EK:?M7,JE^;?8K^4@79`IC=W=115[9=3%-1?)),%/`
M\DH._G9^5AS4GU+$-6N]7Q\?+#9F=6C$U'R,B7V(S@IZ6BG$/>I&87$SJ^#V
M--4Y#'[/S7S)-QFLFG@G<$/+2C7LC-R#;API)])1TGL;7TU@<RCN&S7SQAJF
M,*P[5S$GLD2Y<0<.X-R1D(6%.C+9TT!-W#"\>2S?HX((KK`7MQR@IV$1I-M\
MT#+0%6+0=G`A<?V7-=LALFHM@13<2X/*9XV3*B@TJ"N12;0(T7>"QZ0ZRS==
M3-VME<%%]Y-:\-[$W!F+)R'2T6U#E#M.(3XFIN536NZTI2XV/L1'3ILZ,RU+
M+;'XQ$IPOD]@(]*2QC$O+;$D'*CE+"R%`GUBOE-%'SS.8&W6UN)0$K+>+NP=
M"RJ/QO<+U&"P?24BU;H$>0Y*A5E(,BY(R>.`H\,>Y"G+88)L`+!D,I`FF@DZ
M>8,V_0>[C7&TZPB.RXH\WUKEJ`/2&(#A4XQVTO+SY0J.Y:WD2DT48'HHQ#:B
:FC,YBY`X@03I^U.3/VKNGJ!>ZKO(+?H/_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g36434g14b91.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g14b91.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0M&4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````N0```0$````&`&<`,0`T
M`&(`.0`Q`````0`````````````````````````!``````````````$!````
MN0`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"*D````!````<````%$`
M``%0``!J4```"(T`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!1`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#O*NF%E[;&]2>YC'`&HNEI_2MM+#[]WJ.R*GU^H_\`2;/4HL]53KZ$
M]C&L^U/<!4RIP<)#]CZ[=]C=W^%V6LNV?SOK_I/TGZ16!TC%^T-R7%[KFO-@
M>2)DF?=#?=[&LI_D55L5BJJMU;26@D@$F$E-!W0WNK-;LNP->][WD:%VX[JF
M%VOZ.AOL8RSU%.SI%EA]V2X#<3H)(:Y]ESJ?>Y]?IO;8VFQCZOYJFM7_`$:O
MW&_<EZ-7[C?N24Y8Z%9ZMCCFW/86EE3'DG8"'>[=N]UK;;++?6_G?YNKZ%2G
M7T6RNA]7VM[[+&L8;G27PRRRW?NW^Z[TK?2]1_\`H:[/TG\TM'T:OW&_<EZ-
M7[C?N24YU?1KZ[&OKSKFAI!+!J"`'PW])ZG^DW?U_P"<]3]#Z36=%L?:ZS[9
M:-[BXZNTY_FQO]-GYEO\WZ?VFOU?3V?H5I>C5^XW[DO1J_<;]R2G.LZ-<]E+
M/ME@]%FP$#F2[>7-W>F[=4[T_H[_`/P6NQST9Y9:PY=@;9:VYFV`6;1M917_
M`,`UWZ79M_G/4_ZUH>C5^XW[DO1J_<;]R2G.'2,GT&4G-L!8'#U&R'G=97D;
MI+W>YGI^E_Q;TL?H]U&8S)&78YC9W4$N],#:6-;4PO=L:U:/HT_N-^Y+T:?W
M&_<DIFDH>C3^XW[DSJ:MI]C>#V24_P#_T/55"G^:9_5"J#I50N;<+;`6O+]L
MC:2ZQ^1#VQ[FM=:]M?\`HT5AQVL:'O#70"07D<^6Y)3920-^)_I1_P!N?^9)
M;\3_`$H_[<_\R218[ITD#?B?Z4?]N?\`F2S^O.V8=3Z7N&ZT>YKW:C:_P<B!
MJB4@`3O3KI+C/7R/]-9_GN_\DEZ^1_IK/\]W_DD>#Q8OO`_=_%[-`S?Z%D?\
M4_\`ZDKD_7R/]-9_GN_\DM'I3GV8O4/4>]^VH1N<XQ+;?$I<-:VD9A(U56"\
M@QC-C?:.!V\E+8S]T?<DSZ#?@/R)U.YZVQG[H^Y7.C,8.L81`$^L/R.517.C
MB>KX8/\`I1^1R!V*Z'S1\P__T?55S_4`/M(T_P`&S\BT1TMPN;:,FV&O+]A)
MVG=8_(V/U^BSU-E7[BSL\1D_V&'\$8L>7Y?JUH'@E`\$Z2<PK0/!6NI_\BX?
M]=O_`%-BK*SU)H_8V(=9+V]S'T;.R74)_1EY.0DDDG,*EI]'_HO4?^*'_4VK
M,6ET@`XO4>=*AP2/S;4#LOQ_,/K_`-%Y1GT&_`?D3IF?0;\!^1.I6JI7.C?\
MKX7_`!H_(Y4U<Z.)ZOAC_A1Q\'('8KH?-'S#_]+U5<_U#^DC_BV?D6M=BW69
M++F7NKK;MWU"8=M+G<AS=N[?[_\`2>Q9.?\`TGQ]C/R(Q8\OR_5KI)))S"I6
MNI_\BXG]=O\`U-BJJSU(']C8ADD;VZ:1]&Q+J$_HR\G(2223F%2T^C_T7J/_
M`!0_ZFU9BTND`G%ZCJ1%0XC]VU`[+\?S#Z_]%Y1GT&_`?D3IF?0;\!^1.I6J
MI7.C?\KX7_&C\CE35SH^O5\,3'Z4:CX.0.Q70^:/F'__T_55S_4/Z2/^+9^1
M;60S(?Z7H/#`VP.M!_.9KN9P[^L@V]+Q[7[WN?N@#0@:#CLB"MG$D4'#26CF
M8?3L*H67.L@F`&N!<8!<[:W\[8QKK'_N5_I$#%/1\K)9C5.N]2QC[&AT#VL+
M&._M?I?H?V_]#ZAL,7MR:JM=3_Y%Q/Z[?^IL5_\`8V)XO_SO]BG=TNB_'9C/
M>_TJB"P`@&0"WZ6W^4E83[<J([AY5)="[ZO]/:TN<^P!HDDO`$#Y+-V]"@ZY
M'M9ZIU'T`?YR?ZH]7_B?TOT+*T>(,?L3\&@M/H_]%ZC_`,4/^IM5_P#YNX'[
MUG^=_P"8HV/TC'QV75U/>&WMVV20=(<-/;_+2,@NABD)6:ZOGS/H-^`_(G78
MCZF])``#[X&GTQ_Y%4,OI'U=Q+756OR"YD;MCVF"[;M:[]UWO9_Q=7Z>W]7_
M`$J?[D6#[KD\/M>=5SHW_*^%_P`:/R.6_A_5KH>90+Z'Y!K)(&YVTZ';]%S-
MS5:Q_JKTW&R*\BI]WJ5.W,EX(GS&U`Y(TF/+9!('30CJ_P#_U/54E\JI)*?J
M'*_GL;^N?^I<BU_3M_K#_J6+Y9224_522^54DE/U/=_,V?U3^14ZOZ)\Z_R4
MKYD224_522^54DE/U4J?^&O_`*X_\]+YA224_4]/T3_6=_U3E-?*J22G_]D`
M.$))300A``````!5`````0$````/`$$`9`!O`&(`90`@`%``:`!O`'0`;P!S
M`&@`;P!P````$P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<``@`#8`
M+@`P`````0`X0DE-!`8```````<`"``!``$!`/_N``Y!9&]B90!D0`````'_
MVP"$``$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$"`@("`@("`@("`@,#`P,#`P,#`P,!`0$!`0$!`0$!`0("`0("`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`__`
M`!$(`+D!`0,!$0`"$0$#$0'_W0`$`"'_Q`#```$``P$!`0$!`0``````````
M"`D*!@<%!`,!`0$``04!`0``````````````!P$"!08(!`,0```&`@$``@P+
M"`$"!P$````#!`4&!P$""!&6$A/3%+56=K8WUS@)(5345746UG>7&!F3M!4U
ME8875R(Q07$R(U,DE-4E$0$```,"!@P+"`("`P```````0(#!`41(;(U!C:1
ML=%RDE-SLS1T%@<Q47$24H*#DU05%T%ATA,STQ15(E:!,J'!)O_:``P#`0`"
M$0,1`#\`OYTYGR6AK1N:3R"QU%W*DJ?DPOC<4BMQ/:Z3YDK9*UFM/4K>W$&=
MLR-5QP=&F0+VB&1N219:2EEBAP0FN1?9N1!HHNP8<#_:0Y26I3[AQPI'EC;T
MOALMJ_F`E16C/[U?HY!%%F4G<_`[E_9<)=9LOP_G1K,9(Y(P9W8VA/NJV)U-
MB#=C3H.UT+T$8>&,'N2>]X=+^=4X3J+RK1TK].IXWN%7DK>?ECT^A6D/[*H5
MKSZWI*`EKZUO]*_/R<O4XAR6%)G!1_\`"-[(HS;&1@Q0?SX)77+9+R"6P>1V
MP=<)C_6%ES1PD49N%ZEB71>S6+!42-+??&R?,:24\*KEBI,C4,R:,,:K,?<^
MU.>JE/HL;"<%",,3S6*W6?LO2K8%R#F,LY&K><//*O[0J#_-4DGA+50D#NSE
MPP,"M]I]UDK\RTQ'JS@T-C"EF>&YN8,G*T[<CW/4_P`4[0K&#[L3A*HY`.4;
MXDUAR:1W0UR5]I5/Q=NKD4TP;G-<'*^42ZFWAF40[D0OLRIIXD0LU2*(DP3]
M3*]FMLT6$;NK'J1VTG9"EWW&#'@?HBUK3=-:E:'<B[@;XN79G&Z'\D5<1N/G
MG;/$5+`W.\.0-YS'$.C#97)"YJL995]=J62,;-BTXA(D3LA&,'[]\FFY*Q^W
M`DOIRL5Z43RMBL=N]F<>0\6Y%<DV-LBB.4Q^571!ZG8+^>FQYD</K-1E]D3H
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MQNV<;Z?\BN"&/`]&L;D=R!KN=\@G^.V1)IAQRFG+#@YQ[KQUBDS>+!24B^.E
M/\`[,1.['8)N#WR45/R+8[7DK:YO"LW!9SQEN-WQG=\5&8&"$<'C64<9XB6U
M\D.8:?:8V\^M]<V%7T4A3+-;SNB?QYA8Y=0U4SY]3)XY.)[(6(]2HE;XK4DJ
MCTYJM'H?L0G-*3]!6*K8^""ON6<BW5_L6W3JVY6N3E6L)M!!7'))Z-M%J:Y`
M6UO_`#3J*,SB6U-6Z&6/$AH>G^+=1&O4!>9L2F9=78QXR_9---;=7W>BN#[L
M;GH;R#MA9+ER8V[IRM6,MMTLP<(F<Z<+SR.2=.R'W@EU5E9$A7(=EF2K]1$<
M>F!I2+'MQPX&LT92HY5J>FRY?QE85P?<E+QAY1\C93=W)[>P:=OR3J-V6@I5
M$:#0Q^O(6JH^.RX^\466TQVM:;UC'7]Q5-,/9S'Q40[N.ZI_4*L-NIK6FT,)
M*1A#!!XYRTY-6=_DJP6.B;.DT$Y10FH938J&B9Y.JV;T,/1I:2L95`J/351&
M[,FD6Y`WC>-D:-K\D5H"%^T<8BB.VN"/;)#>["$/'X'$/5\$IY%(F%NY76)O
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M^%+PY,]"50T(Z=Y`J9D_IBU)N3\-[8^;':%8)T3*.UX$8.\]V_=-TSF9UVFY
M4S.4HI'-.-D<E/%]D(G2YT@-LP9L/3H[<F\K.W;691*>0[>]FMBMQ;G'980Q
MQQS19:\&;_QA:8(P\3SV`7M--.4S(7BV6]V<M/>$7O5DN@B#EU8<YM-VJA0_
M6_!XA&MN%+RT9KF)0.%.IS$[JI&VKRU[8P,QB_L-]-SR@,&+_AZW[N'E@A>F
M.$QR^>0K&?/IUQ>]WH^Q"/6993,EEDPF-G<<8XY2IQC3-('8AV?WR;39?@Q3
MLE*--6.!V,9[(S;&,B,/%!\"KN7;C/>)7NQSZSO2,VI?S^TT)K<,:;K09WR6
M2:5N/#.TY&[,=NI6MY/>T?\`'+08T^[CAPU*WPX$=._0:7\`P8X^)Y!9E^R-
MBXRS*74;R7L^Q+C/X(<M)]R@0N<\<W5XI2PXEQZD<H8)TOAV222N,=EP^[TA
M$?;(T@3QLHQ.:MSLW*5#7LJ2E<&/P8L+JVOD!R4B_(E15ECS&:;V#QN=^!-;
MOZ4LU0WPGD$PWORJG5&K+J3LA.I#"Y&S.C)^0^O1"<HS#+*XHH(T['1M*.P,
M$,&%?2*K```````?_]#?P`````````````````````````Y9DA47CC_,I.QM
M!+:]V$YM3U-%B8U5KI('IDCS7$FUX7(]C]D/\6)C#&A;]U.A6AYR1"F*,VWT
M3DXT#J0```````<M(X5%Y<MB3A)&@EW4P63:3&+=\G*N]VN3%,KRP)GC*(H\
MM$O4HFR0*L)\*2SM$Y^^J@O74\HHW0.I```````!_]'3K=ECNSO<ULHJ&L.V
M&XJOTT?BU\QSZ]6>\N<E:I!?E!++@D]'05U6/Q4/.HSCT3,BRW>,(6XQ<[O9
M*=#E2>W;[IZ+L&+&\O7R?D+HB7IVF2WR:PE;3S'!=;B3VLI<+,E2?DDI3,#?
M<SJ:0>ZS:,:5V2V8:C)B>X%+X'EQ>3=C]R5#B4,2YI<NE*R4N+&QN,?;$C9'
MX^ZF&.L?<7I0I4/3C)TF^FFZ23L!:<E.6P:9QC.AFVVQF?AQC&,"JC^W>-A>
M-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'
M>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K
M&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,Z
MAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>
M-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'
M>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K
M&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,Z
MAO?K&`Q'>-A>-$,ZAO?K&`Q'>-A>-$,ZAO?K&`Q(.?FCN/\`]JL^J,I]8@IA
M7>;!_]+?P``.,0^D*4>1D#\-V,"OV.S!0```````````````````````````
M``````````4TBCZ/_]/?P``.,0^D*4>1D#\-V,"OV.S!0```````````````
M````````!'3E5>BOCC2LBMA%'$\K4,2^/(M&14Y&-)*G#V]HFC<S9<4C7[EY
M3ZJ\[XQ@K;LLZ]'P=/2,A==AA>-LIV6-3S(30C'#@P^"$8^#$U73/2.?131^
MU7W3LD*TU.:2'F1F\V$?/GA+X80F\&'#X%3GZSLF_P!!,7X@N'V3&U=CJ?Q\
MW`A^)"OU\M?^LT_?S?MGZSLF_P!!,7X@N'V3#L=3^/FX$/Q'U\M?^LT_?S?M
MGZSLF_T$Q?B"X?9,.QU/X^;@0_$?7RU_ZS3]_-^V?K.R;_03%^(+A]DP['4_
MCYN!#\1]?+7_`*S3]_-^V?K.R;_03%^(+A]DP['4_CYN!#\1]?+7_K-/W\W[
M9^L[)O\`03%^(+A]DP['4_CYN!#\1]?+7_K-/W\W[9^L[)O]!,7X@N'V3#L=
M3^/FX$/Q'U\M?^LT_?S?MGZSLF_T$Q?B"X?9,.QU/X^;@0_$?7RU_P"LT_?S
M?MI5<//>'O/*.V5-:KZM;(<01$7B3X=TDJ5/1NQC6M:$FJ/*,YB;M,:'8<\[
M9W[9TZ]AT=&>GX,7>^C\EV66%IEM49X^?"7!YN#PPC]\?$W/07O1KZ8WW/=-
M2YI*$L*$U3SH5(SQ_P`8RPP8(R2^'SO#A^QY:-83*__4W\``#C$/I"E'D9`_
M#=C`K]CLP4````````````````````````5]>]!]CBP/IV`^>;,,_HSG>S[V
M;)BC'O@U#O/E*/.R,L8DYQL`````````+/\`W2/M3N'W42[PS%!K6E>:Y>5E
MVIDP=R.N57J57+IIF"-G7;__U=TJV\:<;UMG-RNT(*4X4JPM,GMU!B3-)JVM
M6)^(?E+(XS5*2J,/CA3LFB[@8FU5:EF':)=]M=<XZ,Y&!\_7D-1G>,&<3K9@
M2))9BY4VU_LYR5L:3I@N0OB:,*R&!(YGI%;CE/)%R9OVR7IG7"U6G(Z>VJ"=
M3!@=@A](4H\C('X;L8%?L=F"@``````````/XJ5*=&0<J5GDI4J<O8T]2I-T
M(((*TQV6YIQQNVI99>FN.G.VV<8Q@5A",8PA"&&*V>>6G+-//-"$D(88QCBA
M#RQ<Y]>83XX1;K`T_*Q]/R:W%3;$7E^8W?\`'4>'+NGUYA/CA%NL#3\K#\FM
MQ4VQ$^8W?\=1X<NZ?7F$^.$6ZP-/RL/R:W%3;$3YC=_QU'AR[I]>83XX1;K`
MT_*P_)K<5-L1/F-W_'4>'+NGUYA/CA%NL#3\K#\FMQ4VQ$^8W?\`'4>'+NGU
MYA/CA%NL#3\K#\FMQ4VQ$^8W?\=1X<NZ?7F$^.$6ZP-/RL/R:W%3;$3YC=_Q
MU'AR[I]>83XX1;K`T_*P_)K<5-L1/F-W_'4>'+NOU(I7%W)24B;I(P+UAW9]
MI2(GAN5*3>UE[FF=J((4&&F=K*+VVVZ,9Z-=<YS\&!;&E4EA&,U.:$/)%?3M
MMCJSPITK72FJ1\$(32QC'[?!".'P(,^]!]CBP/IV`^>;,,YHSG>S[V;)BCKO
M@U#O/E*/.R,L8DYQL`````````+/_=(^U.X?=1+O#,4&M:5YKEY67:F3!W(Z
MY5>I5<NFF8(V==O_UMD]@T%(Y-;W)F<K8RR3>%VYQFXQU&TQ`RPY-7#J\/E1
M6EROF,S3JI9%FQ2\19.8RW2T;-JI*9G=0L*.)-RE*U[?DKA\"-CEPXY'O,;4
M-#[+XY)UMG5R\T_+'65V3,I/(Z.@V.0$BM2#J8;,WN'*Y%<,EA]<R3#&8YN^
M[2XN;RPM"I0=MINI4)Z*X8+%E,?0/=B2'98>]DY3PN#ZEX:)+(V#7;!CY8F=
MNWZ,3JVZ*ML=ACL<F8WSK\/8]'3GIJI]C[?U#9/CTS_$:POM0!A/J&R?'IG^
M(UA?:@#"?4-D^/3/\1K"^U`&$^H;)\>F?XC6%]J`,)]0V3X],_Q&L+[4`83Z
MALGQZ9_B-87VH`PGU#9/CTS_`!&L+[4`83ZALGQZ9_B-87VH`PGU#9/CTS_$
M:POM0!A>0W]#6A%2=IJR5DKW-3P>0G%Z*YW.%Z;;?1O.VQ@]$ND2A&J*SG'P
MZ&E[Z;8^#.,X'KL/3++OX;;`:4Q_^<OOJU3)BH&&].7`````````!);A^@(<
M^15>(5.ZTLD_ZV]GNWN3BT+->UP:3':]I<&I4B7I^G<O&-NUFZ]GKTZ[=.N<
MXSCKVS?:/5RH-QT!UMNGVO,U$RO>7Q1K:N(<]6IE4D-.+>X+KKHXS.8/"3.#
M)@SZ;=L0.[ZN0F[8UV_XYV+SG7/PXZ,XQD8K1G.]GWLV3%(7?!J'>?*4>=D9
MB!)SC8`````````67>ZE:TSOR><$BLUQ)*Q5LK.[-K>'=C4]GH\1;7&,K65<
MWK,E9QOGITR9V&V>C.<9SC'1K6E>:Y>5EVIDP=R.N57J57+II;_5)J^-2;KK
M,O\`]X1LZ[?_U]_```X<D\E+.Y<J4&:E)TT'A!YYN_\`Y2B27BR##3-NCISV
M.FFN<Y_\`A",8PA#PJ332R21GFC@EA",8^2#GO\`.M0^/S#^U/[@/3_$M/$S
M,1V@N;^QI[,=P_SK4/C\P_M3^X!_$M/$S':"YO[&GLQW#_.M0^/S#^U/[@'\
M2T\3,=H+F_L:>S'</\ZU#X_,/[4_N`?Q+3Q,QV@N;^QI[,=P_P`ZU#X_,/[4
M_N`?Q+3Q,QV@N;^QI[,=P_SK4/C\P_M3^X!_$M/$S':"YO[&GLQW#_.M0^/S
M#^U/[@'\2T\3,=H+F_L:>S'</\ZU#X_,/[4_N`?Q+3Q,QV@N;^QI[,=Q^M!<
M]6NB]$V-\V95:]Q5ID"%*4:=DU2L6':)TR<O&2<8R8<<9KKCX<?#D4C9;1+"
M,TU*,(0@OIWY=-6I3I4[?3C4FFA"$,>.,8X(0\'VQ?'Y$^@JVO(*1^#CA?8>
MF67?PVWFTHU<OOJU3)BSMC>G+@`````````E'PO]I:MO[Q\P92,=>V;[1ZN5
M!N.@.MET^UYFHG%[T'V.+`^G8#YYLPQ6C.=[/O9LF*0N^#4.\^4H\[(RQB3G
M&P`````````L_P#=(^U.X?=1+O#,4&M:5YKEY67:F3!W(ZY5>I5<NFF8(V==
MO__0W\``#R][_G=E_=?&_P![L\7T_P!23RPVWGM?1+3R<V3%3F-L0,``````
M```.\JWTG5SY=Q#S@;Q\;1T>OO)MJ+(73G6[.L4\N"SKD3Z"K:\@I'X..&!L
M/3++OX;:4]*-7+[ZM4R8L[8WIRX`````````)1\+_:6K;^\?,&4C'7MF^T>K
ME0;CH#K9=/M>9J)Q>]!]CBP/IV`^>;,,5HSG>S[V;)BD+O@U#O/E*/.R,L8D
MYQL`````````+/\`W2/M3N'W42[PS%!K6E>:Y>5EVIDP=R.N57J57+IIF"-G
M7;__T=_```\O>_YW9?W7QO\`>[/%]/\`4D\L-MY[7T2T\G-DQ4YC;$#`````
M````#O*M])U<^7<0\X&\?&T='K[R;:BR%TYUNSK%/+@LZY$^@JVO(*1^#CA@
M;#TRR[^&VE/2C5R^^K5,F+.V-Z<N`````````"4?"_VEJV_O'S!E(QU[9OM'
MJY4&XZ`ZV73[7F:B<7O0?8XL#Z=@/GFS#%:,YWL^]FR8I"[X-0[SY2CSLC+&
M).<;`````````"S_`-TC[4[A]U$N\,Q0:UI7FN7E9=J9,'<CKE5ZE5RZ:9@C
M9UV__]+9],N6[)`I_=D!DD`E*594\9XR/<?5$N4749M-TY7VM8](59'8RGU>
M-2F5:XVA7F6S.[J<CQC*XHW?4LK&=MBN!YTIY_P]"G==5M>28MWK31_6<BVH
ME]BQVM',L;LX^J5K\N6&.*?66-CFZ(5CTV]Z:%&J8P@4*S=$ZS!#<>,"2\M?
M$35(K`(5$/!NZVL(YJ3LVQY_>2=,X767IGOM2SMBY.@UZ3,=&3]B\9QTY_Z:
MYSBZG^I)Y8;;SVOHEIY.;)BJ+&VH%`````````':UJ?HEL6`JC=3MBTTUBIY
MFJ9,H6*-M"7U`9OJ0D2%'JU1V==?^)96FYF^W1KKKG.<8'QM'1Z^\FVHLA=.
M=;LZQ3RX+%K^F30MI.TTA*.5Z&J(/(22]U<$G"!-KONWG:XR>M71U.C2E8SG
MX=S3---<?#G.,#`V'IEEW\-M*>E,/_G+[ZM4R8J!AO3EP`````````26X?KR
M&SD57BY3HM,)(^MO9Z-[:XNZS;MD&DQ.O:6]J2K5ZCHW,QG;M96W8:].VW1K
MC.<8Z]LWVCU<J#<=`=;;I]KS-1,KWE\K:W7B'/429+)"CC'N"[:[N,,F#.DQ
M@N8,^^W;%[NQ(4)6V==?^.-C,9VS\&.G.<8&*T9SO9][-DQ2%WP:AWGRE'G9
M&8@2<XV`````````%EWNI71,T<GG!6K*<3BLU;*R>P:V=W?%/9[O$6VQG*)E
M0N"S!6,:9Z=\E]AKGHQG.,YQTZUI7FN7E9=J9,'<CKE5ZE5RZ:6_UM:OBLFZ
ME3+_`/!$;.NW_]/;9/.,5?V)++.FKVYRY*_6?`J#@RI0TN38DTB*GC19]HW'
M44ZAG;F14:BF\>L2U%#AL:MW7MYN[6@URCQIHIPJ*X7FY_!6JU19.%,NM`]4
M\FOO^75^SS%=%7(!!([$VM)U9K8U)AA2,MHVEJA1V@F-%1S*1M5GMI&Q3=OW
MK@88I"/?\[LO[KXW^]V>+Z?ZDGEAMO-:^B6GDYLF*G,;8@8`````````=Y5O
MI.KGR[B'G`WCXVCH]?>3;460NG.MV=8IY<%G7(GT%6UY!2/P<<,#8>F67?PV
MTIZ4:N7WU:IDQ9VQO3EP`````````2CX7^TM6W]X^8,I&.O;-]H]7*@W'0'6
MRZ?:\S43B]Z#['%@?3L!\\V88K1G.]GWLV3%(7?!J'>?*4>=D98Q)SC8````
M`````6?^Z1]J=P^ZB7>&8H-:TKS7+RLNU,F#N1URJ]2JY=-,P1LZ[?_4W\``
M#R][_G=E_=?&_P![L\7T_P!23RPVWGM?1+3R<V3%3F-L0,`````````.\JWT
MG5SY=Q#S@;Q\;1T>OO)MJ+(73G6[.L4\N"SKD3Z"K:\@I'X..&!L/3++OX;:
M4]*-7+[ZM4R8L[8WIRX`````````)1\+_:6K;^\?,&4C'7MF^T>KE0;CH#K9
M=/M>9J)Q>]!]CBP/IV`^>;,,5HSG>S[V;)BD+O@U#O/E*/.R,L8DYQL`````
M````+/\`W2/M3N'W42[PS%!K6E>:Y>5EVIDP=R.N57J57+IIF"-G7;__U=_`
M``\O>_YW9?W7QO\`>[/%]/\`4D\L-MY[7T2T\G-DQ4YC;$#`````````#O*M
M])U<^7<0\X&\?&T='K[R;:BR%TYUNSK%/+@LZY$^@JVO(*1^#CA@;#TRR[^&
MVE/2C5R^^K5,F+.V-Z<N`````````"4?"_VEJV_O'S!E(QU[9OM'JY4&XZ`Z
MV73[7F:B<7O0?8XL#Z=@/GFS#%:,YWL^]FR8I"[X-0[SY2CSLC+&).<;````
M`````"S_`-TC[4[A]U$N\,Q0:UI7FN7E9=J9,'<CKE5ZE5RZ:9@C9UV__];?
MP``/+WO^=V7]U\;_`'NSQ?3_`%)/+#;>>U]$M/)S9,5.8VQ`P`````````[R
MK?2=7/EW$/.!O'QM'1Z^\FVHLA=.=;LZQ3RX+.N1/H*MKR"D?@XX8&P],LN_
MAMI3THU<OOJU3)BSMC>G+@`````````E'PO]I:MO[Q\P92,=>V;[1ZN5!N.@
M.MET^UYFHG%[T'V.+`^G8#YYLPQ6C.=[/O9LF*0N^#4.\^4H\[(RQB3G&P``
M```````L_P#=(^U.X?=1+O#,4&M:5YKEY67:F3!W(ZY5>I5<NFF8(V==O__7
MW4W1K9!E53I/3ZUL;;/6,"I!!G%W4MZ1"WR)PSHB0+MCG9H?VK"E&8?VQ/JJ
M0K$QBC734T@W3;;380^]5ZOY@6P7$]UL6ETQ*65+`I1+'1%:+%3[M++\LJ*\
MJG6@)94Q+Q7C#%((X1YE6M.&ML<(HD;%*E=(F$U2H[<4N0+*+L"RF6GOY4BL
M#5G;&=<GWK".=_&N3XM:CD^O?UEXQE(0ECSSHMVSIG;.<;F$=&<8QT_#G.M]
M/]23RPVWFM?1+3R<V3%46-M0*`````````.UK791K8L!V2%$GJ]9K%=DI"D_
M=*G.48?4&2"CU12988F),,Z,;&:DF[::YSG&FV<=CGXVCH]?>3;460NG.MV=
M8IY<%BU_+)QO2=IZ+H[%$Z/:#R'"D]),G=:I*)RWG=L,(2'01`4H-UU^'&FQ
MQ6-L_!V6/^HP-AZ99=_#;2GI3@[.7WU:IDQ4##>G+@`````````DMP_W<2^1
M5>;M25$M7Z_6WM"9P7GMB,SI@TFP;VY<F;7<XCL"<[;:]BG,[+;&-<]CC.=L
M8Z]LWVCU<J#<=`=;;I]KS-1,KWEZJ8&\0Y[H[L4;0H<O<%[:I;I6Z.JO3;$P
M9\EX+1*88SDF:[F=&-LY4:]CC/3C&V<=&<5HSG>S[V;)BD+O@U#O/E*/.R,Q
M`DYQL`````````++O=2FNY/)YPW94+<X+/\`%LKQDAT=%+0FP3EXBW9F85I&
M=\-R;KMC7&-.TXQG&<Y[+'1T9UK2O-<O*R[4R8.Y'7*KU*KETTM^^IE\PQGK
M:Z_8H1LZ[?_0WN26,1J:,+I%IC'F.61A[3;(GJ.25I0/K"[H]MM=]DCHT.B=
M4WKTVV^F,Y+-+WTSG&,]'P`/C9K6N<DPM/F`0K*>MSBU-=D9BK%DF!*"4.[6
M2?"RN\.PBQQ389LFUV0X(VU(VR7C/89S@!\1[_G=E_=?&_WNSQ?3_4D\L-MY
M[7T2T\G-DQ4YC;$#`````````#O*M])U<^7<0\X&\?&T='K[R;:BR%TYUNSK
M%/+@LZY$^@JVO(*1^#CA@;#TRR[^&VE/2C5R^^K5,F+.V-Z<N`````````"4
M?"_VEJV_O'S!E(QU[9OM'JY4&XZ`ZV73[7F:B<7O0?8XL#Z=@/GFS#%:,YWL
M^]FR8I"[X-0[SY2CSLC+&).<;`````````"S_P!TC[4[A]U$N\,Q0:UI7FN7
ME9=J9,'<CKE5ZE5RZ:9@C9UV_]'?P``/+WO^=V7]U\;_`'NSQ?3_`%)/+#;>
M>U]$M/)S9,5.8VQ`P`````````[RK?2=7/EW$/.!O'QM'1Z^\FVHLA=.=;LZ
MQ3RX+.N1/H*MKR"D?@XX8&P],LN_AMI3THU<OOJU3)BSMC>G+@`````````E
M'PO]I:MO[Q\P92,=>V;[1ZN5!N.@.MET^UYFHG%[T'V.+`^G8#YYLPQ6C.=[
M/O9LF*0N^#4.\^4H\[(RQB3G&P`````````L_P#=(^U.X?=1+O#,4&M:5YKE
MY67:F3!W(ZY5>I5<NFF8(V==O__2W\``#R][_G=E_=?&_P![L\7T_P!23RPV
MWGM?1+3R<V3%3F-L0,`````````.\JWTG5SY=Q#S@;Q\;1T>OO)MJ+(73G6[
M.L4\N"SKD3Z"K:\@I'X..&!L/3++OX;:4]*-7+[ZM4R8L[8WIRX`````````
M)1\+_:6K;^\?,&4C'7MF^T>KE0;CH#K9=/M>9J)Q>]!]CBP/IV`^>;,,5HSG
M>S[V;)BD+O@U#O/E*/.R,L8DYQL`````````+/\`W2/M3N'W42[PS%!K6E>:
MY>5EVIDP=R.N57J57+IIF"-G7;__T]_```\O>_YW9?W7QO\`>[/%]/\`4D\L
M-MY[7T2T\G-DQ4YC;$#`````````#O*M])U<^7<0\X&\?&T='K[R;:BR%TYU
MNSK%/+@LZY$^@JVO(*1^#CA@;#TRR[^&VE/2C5R^^K5,F+.V-Z<N````````
M`"4?"_VEJV_O'S!E(QU[9OM'JY4&XZ`ZV73[7F:B<7O0?8XL#Z=@/GFS#%:,
MYWL^]FR8I"[X-0[SY2CSLC+&).<;`````````"S_`-TC[4[A]U$N\,Q0:UI7
MFN7E9=J9,'<CKE5ZE5RZ:9@C9UV__]3?P`K0YF4[9=A60G7QR%.,S-<JL88M
M1,H1E(ST7'^]D-KM\D>;3=S5CRW'1].KB9+<J_B*4O8TU+&539V>QSDF1K:+
MH13\>H;J\.*YQ+D+\SY=&9&PNB1LUC^Z5>WH3W<\C4W+NP.JH@W_`/N*-=MB
M#2LYUVQ_WUQD70C&$81AX8/G/)+4ISTYO^LT(PC_`,XGCOY3ZA^)OW]</[D/
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M_(?Q_P#F^4]9E/<!D_G5M\<NPTSZ<:,\56]Y'</R'\?_`)OE/693W`/G5M\<
MNP?3C1GBJWO([A^0_C_\WRGK,I[@'SJV^.78/IQHSQ5;WD=P_(?Q_P#F^4]9
ME/<`^=6WQR[!].-&>*K>\CN'Y#^/_P`WRGK,I[@'SJV^.78/IQHSQ5;WD=P_
M(?Q_^;Y3UF4]P#YU;?'+L'TXT9XJM[R.X?D/X_\`S?*>LRGN`?.K;XY=@^G&
MC/%5O>1W#\A_'_YOE/693W`/G5M\<NP?3C1GBJWO([CIX=Q!J:OY&W2Z&FRM
MCDC1WW_#G31Y2N.R7O\`0*FQ9T(WAK<6X[MZ!::7_P"H3OV/9]EKT;8UVQ\:
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MUYW32K0M4:<9/\JD9H>;-&$8XL'A_P`88W6?E,@?C5/_`/[L3^QXQ+>L,7__
MU=_```````^#*C$148D9KDRJY*W%L+P8X1Q`WZ.RY_1:-ZC94RHFHS;0MR5N
MI&-B"T^VV,';F8TSG&,@*-%M$2V90^1R9)QHF*"%6&AY)+$'%MNA&D$::3OZ
M=USQ]BG'":1AO=5<3842Z)HZTDA[O+FHHLAEF4Q5+4I^I)&7+-%V'[WI!5`\
MNT,\7JX6ULZ?D8GD-OJ9UR:E"O>-PNQ*FGT7C,<K^+L<C0MM@/93]"=M"E+.
MWJX\XH&5VB&YRI'HE=B=W`888$PO=Z5K/:AXY*Z]L*"-]<N#-R$Y=N4>C3?+
MWF;EZ0B8<J[DF\0<,2!_C47=7!$X,LD+,;U)Y&5#BU92KC\)U"HY$EJI'PIO
M@H``````#A;05-J&N)VK>(.Z6:U)XC(#7&NF-F02)XG:/5K4Y41%L8G50D:W
M9=(2^E(40I-*3F;FXP;OIIV6V`I6D/'BPY/5>YK'1\DV3S.O^6J2$4^V157`
MXMQLY3VF=2ZN@)1!FF2YC)T:C5<HHNZZDS]$W(#V=Z-<G%(2B_C.Z0BB[#][
MOW;C/.7^464W6;#K'P:_).7K5R$NJNXW&')^N^H+;M1@=N/$$BC2^&3(B8*(
M!6>26W#:O:EY4?2,#DD((TP\%=_#"L-XAQR5Q&A8O&Y="&"O%+4^6$4P1J/P
M^)5]KK!CK#E*N!/D@@L#VVAD3FTKB"A&Z/J)NP406[+%&<D)3-C$I%5(^%)<
M%```````>+\AU[>UTS.G!RIY;?Q"5O0F$4^A8D,C,F[G_&6W5E0*&IQ1N*39
ML1/&Q"Q8?E*KW1I$QBC1.?N5J3N(*J$O&^R\(*]*98%*7Y2H8ZG44._+H@JA
MK;Q4M9LYA6G:U_+VN,29Y0/]95IO6DN8FB.I"2]C'.&1`MBVV-T5DI%-%V%R
M+9QJY$IH>T,VD)G40:MX=QSA/-UQBS7%7&9\D[!B,CL-?<5NPII>WYR9Y_J\
M+5C6X.ZAU2N.\HC+GEE.1.O>!C+J,,%O_&Y+/$%&UNVV5&VF(2QJ8,-!T:96
MQC8T3.QM*U6W0Y(8PQ<]3%X\YXAR9!LN;FPS=M0+=C4Z7;)!9>152/A>W`H`
J```__];?P```````````````````````````````````````````#__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g36434g16m35.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g16m35.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0O:4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````I0```'D````&`&<`,0`V
M`&T`,P`U`````0`````````````````````````!``````````````!Y````
MI0`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"3T````!````4@```'``
M``#X``!L@```"2$`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!P`%(#`2(``A$!`Q$!_]T`!``&_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U2021.HY"=<W?T^ACGMQ\RVFWU[;[;&-(W.NOW,IW>I5^C:]OV5_^
M#].R_P#F+_2MKG7A-.4,R[J-EM6'?ZSZ[&DMK)%K/3]C_3:_]/\`I/98STF4
M^A7C^IZEJ4]"DN4JZ#AT!V/7U-S*75,J>T`!A;^D%@]8/_PN1EW/95ZOZ+UK
M*Z_\!Z-FKI9<!31UBQPEK:ZZW%S6>VVQK?YQ[_YKT[*-[_\`M+7ZGK^K;7<E
M/1)+#'U<RZW%U74KFNL=59872XE]0VFS^<_[4?X=EGJT[*\=E-=/HJ>1T&^S
M*OR<?,.,_(<'.+&$DENS9N=Z@_F_3^C[*?\`2U66?I4E.RH76UTU/NM.VNMI
M>]T$PUHW.,-6-B?5[+Q/LS:^HV>EBFK;7MAI96P5.J]-K_3V6,&WZ'Z/_C?T
MC]+JO_)>9_Q%O_4.0D:B2.@)3$7(#N7-S.N=+MA].3[VM>T,<+FL<7`1Z@K9
M^:YO^OJ*%/6NG5WUN=EDL96&DD6N)@!OI[/1;6[W_I?7_G?\'_-KF$EF?Z0R
M]H?9+_OG0^Y8N\OMC_WKV?\`SDZ-_P!R#_VW9_Z327&))??\O:'V2_[Y7W+%
MWE]H_P"]?__0]+?T[%>9>TN@ES9<?:2[U?9K[?>I?8<7:X;/IC:\@D$^[U-7
M-.[VO.YO[BL))*:O[,P=?T0U(<3)G<'>J'S/T_5'J[_])[U-N%CL+"QNW8=P
M$G4PX>Z?I?3W_P#&>]'224I))))2E5ZK_P`EYG_$6_\`4.5I5>J_\EYG_$6_
M]0Y-R?)+^Z5T/GCYAX-)))83LJ22220__]'TC.MKNQGUTY+:WG;#FO#70"'.
MVN_-W-0\=[VY9MNR:W5FN"T6:;HJ'M8?W75WOW_\/_(6.DJWWD_NAL_=QW+T
M[+*[!-;@\`P2T@Z_)26=T3^C6?\`&'_J6+14\)<40>[!./#(CLI))).6J57J
MO_)>9_Q%O_4.5I5>J_\`)>9_Q%O_`%#DW)\DO[I70^>/F'@TDDEA.RI))))#
M_]+K$DDEG-]V>B?T:S_C#_U+%H+/Z)_1K/\`C#_U+%8OSL:BPUVOVEM3[WGL
MVMD;GO\`W?I>S]_99_HU>Q?)'R:>7YY>;820Z+A=4+`"V9&UT2"#M(.PO;V_
M>1$]8I5>J_\`)>9_Q%O_`%#DS>J8C_2],EWK.<UD0)#'BE]ON+=U7J/KV[/I
M^K6_Z"?JO_)>9_Q%O_4.3<GR2_NE=#YX^8>#2226$[*DDDDD/__3ZQ)))9S?
M2W9^3@=+%N,6A[\G8=PW"#7N\6_N+-?UWJ%C]]C<=[]I9N=2"=KOIUR7?0=^
MZK74_P#D9G_AL?\`GIRQ5%FRY(R`C(@<(T!9,6.$HDRB";.X=(?63JM59%9I
M8!+H%>DD[G.^G^<[W+>S>I95.594S9L;$2"3JUKOWO-<<_Z#O@5T_4OZ?=\6
M_P#4,3\&;(8SN9-&.Y_OK<V*`E&H@:2Z?W&+<LM#0VBAH:2YH%<`$D6%VCO]
M(UEG_&(UF?D9.'FUV[=HQ;G>T09#8\?Y2I(E?]'SO_"EWY`I?<F;!D=BQ\$1
MJ`-P\\DDDLYO*22220__U.L2226<WV'4_P#D9G_AL?\`GIRQ5M=3_P"1F?\`
MAL?^>G+%5?F/G']T,^#Y3YE9_P!!WP*Z?J7]/N^+?^H8N8?]!WP*Z?J7]/N^
M+?\`J&)W+_+/SA_ZD6YOFAY2_P"X:R)7_1\[_P`*7?D"&B5_T?._\*7?D"G'
M["Q'^#SR222H-Q22222'_]7J]S?$);F^(6WG/OKM8S'88+7.>167``#]YO\`
MA?SJJO\`">__`()5VW]0(,U$.WM#1Z1@MW/#?<0W9ZM#:\BS=_,V?JK[J56^
M['][\&Q]X'[OXN3U-S1T5AD1]L'_`)Z<L7>S]X?>O13761!:")F('*R'6YDN
M+*B6[RULTD'8',;=9]%VWTJ_4OQ6?I/M7\S_`#RCR<D9ROCK0#Y?[63'S8B*
MX+UO=X][V;'>X<'NNIZF1]ONU[M_ZABT<(WVV/&1C"NL5U%CG,:-SSZGK?G.
M=_H_T3ZV>FC9[G5X[GU-+K):!M9O.I#9VZ^UOY_\C\RQ'%R9@)#COB,3M^[Q
M?]\C)S0D0>&J!Z_O</\`WKSVYOB$2LC[/G:C^AW?D"O&_J6YS?3$AIVN])VW
M?%GJ-^CN]*C;1Z5G_:KUOH?HUI8XWT,<]D.<V'!P`)^(AOT_I?1_ZVI/NQ_>
M_!8>8'[OXOGV]G[P^]+>S]X?>NUS'7,R=E5<5-8'/>*2_EQ'Z/8#ZEGM_2,_
MP=;_`%/TO^#%BV9S[JA?C!C3K:`SAY#=]+7D,;Z5#G/_`%C_``_^"]3\^M_H
MX_YP?XO_`*$S??A^X?\`&_\`07C][/WA]Z2]$]&G]QOW!)+_`$<?\X/\7_T)
M7WX?N'_&_P#07__9`#A"24T$(0``````50````$!````#P!!`&0`;P!B`&4`
M(`!0`&@`;P!T`&\`<P!H`&\`<````!,`00!D`&\`8@!E`"``4`!H`&\`=`!O
M`',`:`!O`'``(``V`"X`,`````$`.$))300&```````'``@``0`!`0#_[@`.
M061O8F4`9$`````!_]L`A``!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`@("`@("`@("`@(#`P,#`P,#`P,#`0$!`0$!`0$!
M`0$"`@$"`@,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P/_P``1"`"E`'D#`1$``A$!`Q$!_]T`!``0_\0`MP`!``(#
M`0$!``````````````@)!@<*!0($`0$!`0`#`0$!````````````"`$$!@<%
M`@,0```%`P$%!`8&"`4%``````(#!`4&``$'"!,4%187$1)W."&T)K88"2(C
M)"665S&3T]56AL9',C34UB=#1)6F&1$``0$$!`@*"`4%`0````````$"`P0%
M$74&!R$2TK065A<W,<&2PA.3TU4V")'1(L-4E*1&05&#A!5Q(T/4&#/_V@`,
M`P$``A$#$0`_`._B@%`*`4`H!0"@%`*`4`H!0&G\JH)@>Z8G<(K()<VI&W)K
M-S8QQQ(U*&N2QI<B<DJLF6G*&%S>DC(U'B+4V&A6-P;GA!90,TF]RA#4_$C1
M$7^<N,`R.[H;YV;RGU7!VDMGF,7S+U*)9DCDZKLM9&:"WR*MZ:)3&70.RP;3
M'HN`YG:')O;BD@0+W$+>$"3&$#W=1"#1N(999N!+)J1$KSU-)DLW'#4\H="8
M^*2E3(HF4B.LE!<*,QP#OQS79*8I$-0,TP0*;?H8?__0ZS7K7/+F6>ZD6U;`
M&])`=/,\30A:_"C^95I[]=7'\5N2=<3+B,;E8;3.`G3*))`FB\E$[!3IA*-A
M<`K6K#]4<!DRCYE.G],P/+Z>T9(3FQ_*,JPPZL*YEC#6^E9)QO'%,IRW&$9+
MM,4#>\K<6-B;9N&XJ5(75<:4B8[NZPT!`MI,Q5,LQ;K2CV9\Z0?&D`@\I,QW
M-\8:E9ZR9<D12)E:I6MTZ9;P5B!Y10MALN5R0]I-D>57(I0H>$C,H"-I),3$
M*DBPM38*,!$_%OS<H?(T>-+Y1QR=C=[E>*LAY!DL8!)6U8YHUI&5M+&/,#%1
M)P?[16./,3S8BU-D'6?'!:UMK(Y,R]$L.#N"XY/E)N*;.*^:+C$J6S!`[8FR
MV@@+-$(B^Q'("9)&',V=2>20?.,W-Q\DAA4A)D+3(#Q8%>6=D/'8Y`_O0`E$
M'%IE#8J<E(Q3:[-\P;`\C7)0Q]+.GF.\5B"!]G"%D:+Q.)(<BY?D.`<=220'
M'2(EZ%'IMF6'/3"E-0(EQR4]F6*5Q21`5O8M,H4TOCOYJ>*I]*G1K!C;*;<U
M+M,\'U7X\;N!M3ID27X=D44F\N>I6.',S^XDI4Z-,Q-*1M0$+%+XYJGFPP(0
MHTRE65E)N*IO-^UD('?3>QY^PU"'.?BDLV00='%@J2Y,YM"L$N4QF7.9[?A(
M&87:=\F(FQ:X&-\/(D"U:2FO8NP"['GI],HPT*1VR!\UG'>/\&NV0'"'*%T]
M389S#.FQG;7U)R"OR-B6#9MEBK&@W.0DQ;+::[@MP(^H52TR%``Q+B=P=0H7
M.UT592:C.$V[)OF5:>8V7D`X*&?OZ?'LB=XVO7L+9%#&5:?&9PY8XEKFHDCK
M,VF-P%FC,Q:%"4X^8*XUO@`@4(`K$QZ<X[:3,5<!.F,2)JF$:CTM8C]Z9)0Q
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MC1*RFK,O^6<Y`ZV9F_-O)WX]E7[UIIK;+6V9_-/\L:)64U9E_P`LYR!ULS-^
M;>3OQ[*OWK336V6MLS^:?Y8T2LIJS+_EG.0?_]'L&RO,,71TO)L048=C+G"9
MS/WIRR;()=,B(!"IA/XK%,4KQI;RE>@61XB=OB<;<VL9#HO9$"U=&UQ1RU)=
M.4)4-PFF%S/I'2M$]8GG!F``0>/Y`9XE)HTV9(6NV5!J8]DDC3""<RO&:"&`
M<2S7B-2U0F<%EW1:Y21C6DMJX2LI78H&&X?S-\Q9HP#C--"=34>PFP1.091<
M%459G2"@42)>5"\[2QCEQR]$TPI"YM0SL@ND99GUW1LZ=048[#,.NJ4C$>K/
MTS"N"DUHXMFCI9*8='F/!D'DUF_'3-A-E=@('MBD<,@?Q&8%8RX"N2OL=;'A
MC4PO*\A0/B8D*F[DRO,>%<-T2T5Q`PW">FQ!T#C8H/)B(!'4Y!:+#XXL;&<:
M96=&!R>\<Y-9^G1$/5I8.WESZ307+N2+%[8E(:\IE:U7OY9-@+@%!A-G8\Q'
MI2?G:`MD0PY#4J#&D-A\TQ,N"PJVX@IB435_D+8G,975*W.'&<?9)9S'<*1T
M(/.8WE80M*W=P,,N7IF$S17HYTP+V!HBRW"D(51]AB,.@3.U*$!QJ5!"X#"9
M=C:)Q<FPU-QW9&N`3YZ9KIQ7N6I;7-00?8TLP0:"E?S,L#IUPF''O2VV/&3D
MCCPI9PT0W`;AS>-SN\WF?,HEMY/::6=+[>SQOO$K&>FQ]NRU!2O#2:RD.@[1
M_*6\UI?,`P-6V*690Q+&\M*O0)'%&L(E*1>I=$[<O2%NCXYH9R])E3FHL:Y*
MDKNL)-/&4I.`,*5_,RQWTD:;7USD3VY8?B!CW*7D$B=7I,F5-SP4^\6<W]4[
ML;HVJTBZ+.#N_/BY<XFMAB,3FL6J#U=SC3S1#"E3>4<CK##X\PQ**LS9'(O%
MV9KCL;CS*B3MK,Q,+(A(;&=F:6Y(64E0-C6W)BR""2@A+**`$(;6M:UJ&%</
MS6_+Q#?&B.^X^1:F;S5[O)-7+G-HLH+RW>.9K5+W.(4Y^:@`M@4`H!0'_]+N
M+=\$1-^<9,K<W"2%)9*ZNKB<B8I&_1FQ264,478II'S3&-T1%+6&5!B"54<`
M95E2=::H.(/`,VUP#:3[;<#0MIN8D1+967'.9TTQ20R\B5<I-DB23]%DXA>V
M-@0!,2A!,T-E5BK&W)[I@RNYLA=RP4GHKL*P59&PQ,HAY:61--KY":$[%(7A
ME-C\HNZFO]U+$J;U9"E`WW?U)RNZ&PA(KB/,*N5=,+86&4GA-^FW$C8Z)WI&
MQN5G-.H3K-\4R20."E4X$3V(Y.,<G!2X.2I2XN*^<0A`O5'GC,,4&!-L.]PG
M&6$-I4^&+37B:.(XXVM;0\`:X@)C-BK2IE,C6M4>5,<IC4T"O:FY6YG)$JYT
MDD10*5IM@=X\0#K?1"K5V/"DS"(8Q8H6^+'=I&?L11QJBS2W&B-.*9VM"]2.
M1+ADJ%)ZA0<M>WB2#$I'V@`(E(E!W.TFXQA2;)H8*`4`H!0%9'S6_+Q#?&B.
M^X^1:F;S5[O)-7+G-HLH+RW>.9K5+W.(4Y^:@`M@4`H!0'__T^_B@%`*`4`H
M!0"@%`*`4`H"LCYK?EXAOC1'?<?(M3-YJ]WDFKESFT64%Y;O',UJE[G$*<_-
M0`6P*`4`H#__U._B@%`*`4`H!0"@%`*`4`H"LCYK?EXAOC1'?<?(M3-YJ]WD
MFKESFT64%Y;O',UJE[G$*<_-0`6P*`4`H#__U>_B@(!Q5@SJVO&H@H@^7G/,
MXC^34T/4'I)(@00^>FR+)3]CL*60RF5OD<EZ53$GIM2I'=I1L#:SI6M"VK`J
M%0@DM@W\B0^"$:U&W3WN-LS9X@IGA1^.VV=FR"[^FC(<?0%*[V,32U8LDZ,D
MS(B9]':RVX1GF"&H*[Z<\DTP#>M#!0"@%`*`4`H!0%9'S6_+Q#?&B.^X^1:F
M;S5[O)-7+G-HLH+RW>.9K5+W.(4Y^:@`M@4`H!0'_];IPZ[Y?_C]_P#UQ/["
MI0TUM7WX_P#2GJ*DT-LOW*Y]"^L==\O_`,?O_P"N)_84TUM7WX_]*>H:&V7[
ME<^A?6.N^7_X_?\`]<3^PIIK:OOQ_P"E/4-#;+]RN?0OK)B:39W+YMS]S6_K
MWSAG*NX;\,`]UWWF/>MEW``[-ONA?>_3_@M7K%V$[FLX_G/Y..;?='T.+C48
M,;I<:BA$X<5/0>6WE2:5RC^%_C8)ASTG38V+^.+T5%/]*5]),2O5SRT4`H!0
M"@%`*`K(^:WY>(;XT1WW'R+4S>:O=Y)JY<YM%E!>6[QS-:I>YQ"G/S4`%L"@
M%`*`_]?H6J*"R10"@)XZ)/[F_P`F?U97M=SOW%^W]\>-WM_;_P"O[DGC7MAX
MT*`4`H!0"@%`5D?-;\O$-\:([[CY%J9O-7N\DU<N<VBR@O+=XYFM4O<XA3GY
MJ`"V!0"@%`?_T.A:HH+)%`*`GCHD_N;_`"9_5E>UW._<7[?WQXW>W]O_`*_N
M2>->V'C0H!0"@%`*`4!61\UOR\0WQHCON/D6IF\U>[R35RYS:+*"\MWCF:U2
M]SB%.?FH`+8%`*`4!__1Z%JB@LD4`H">.B3^YO\`)G]65[7<[]Q?M_?'C=[?
MV_\`K^Y)XU[8>-"@%`*`4`H!0%9'S6_+Q#?&B.^X^1:F;S5[O)-7+G-HLH+R
MW>.9K5+W.(4Y^:@`M@4`H!0'_]+H6J*"R10"@)XZ)/[F_P`F?U97M=SOW%^W
M]\>-WM_;_P"O[DG8><!.2<>98T0""C#AA((.4G"`6"XQ6)3)BS5"@V]@_1`6
M$0QW]`;7O>UJ]L/&B!31JBFSMB_-DQ4,3NQ2!DS!!8;#8S(8!(H6_1&'Y":,
M*B+62%KR&5%$SF_0-'D-8[/IQBDIH1B('WU06X!:L8VC"2FPM*5DQQTT/3B[
MFOR\MTE[`L=ST#.WGKE$1F<@B9IB@$=7+X^N4!&R7"-<@W9$Y##=60D0E'!1
MD#%-J4!C<QD@(=$Y)*S&:0R(,<9')YX!$F9;(I.]B;TAJD#3'V-N*.6NCPXC
M+L2G)`'Z9H[=M[6[;V`A0DU$9`=<,P-R4*+MDZFV<,EXRD#P@C0H8"%L\5DN
M8-Q=D+=F9"PIFY#<F`H6(AQ>T@@&+UH+72GKA!0#&T$Q\;R04RQW`I>-39:.
M50N+202P+3=A"K$^,:%S$I"QW>)%=FL?=5W[).(+MW[=GO!W=V@AA7Y\UOR\
M0WQHCON/D6IF\U>[R35RYS:+*"\MWCF:U2]SB%.?FH`+8%`*`4!__]/H6J*"
MR10"@)1X0D+Q$<,ZJ)7'EG#W^,8Q52%C7[NE5[B\,L5R"Y-BS=5Q"E$IW9:F
M`/9G%F%#[O8,(@WO:_HMDIA&2BQMY\UE[[HX^%EC3UTU0RUBO';B*;8:Q6D:
M9:Q6F46AI%96BA45,!YW:Z!A9G:J[F6QSK'@HB8(Z>,TJSC,/'T,PVS2RJ-)
M2RJI2RJ*G"BHI6A_]"M8'YN_^@XP_P!E5+__`$'>]K=]+!?ZQ[_L0NOU8^IB
M^W/SBU_ZM1#&8+*B<0S!#$8,6.L5W&,1A):8P0Q7A':(0TY02[WO^D`;!OZ+
M6M3_`*#O>UN^E@O]8;$+K]6/J8OMS[(^8'JY3$DIDV6"DZ=.460001CW%I1)
M!)0+%E$DE%PD("RBP!L$(0VM:UK=EJ?]!WO:W?2P7^L-B%U^K'U,7VY9GIJU
M&YBG6DG)N4I?*RWR;QS)UH\T.YK!&V\"9G$FQJ+<Q-K,T-K8?V#D*L5C#"1&
M]IO^+L""P:9NPO$M?/[J;26GG,U1_.H>9]$[>*Z<L(CO%@UQ<1V[887"]>+2
MK*M>UPT(E'@-OK"66D]YEG[.RN6JYE#^7]*VPCQZU2W3%>UC-MMMI_Y,8$:1
M,'!A6GQ/BFS/_$2#\/LG^BK\[2K7?'L=4[R3E[.K*?`M]8\RC\1NI3*YY1Q)
MSFQG$J`'%*"C8K'3"CRU!HCU!9Q8VZX30'GC$,=A6O80[WO?MO>FTJUWQ['5
M.\D;.K*?`M]8\RC]OQ39G_B)!^'V3_14VE6N^/8ZIWDC9U93X%OK'F489KLE
M3U-=$^)I-(5!:MX<\T)]\4%)R$H#-S:,MMZ?ND)@%DE]Q*D`&_=#;MO;MOZ;
MWKK5_,SC)Q<S968Q[Q&HMY.6<941&47%=Q[*8$H1,#*'U;G)="2F]JTLO@6%
M9A7<I7%155:,9N":7"M*KA52E"HG*T%`*`4!_]3H6J*"R10"@)$XT\O&L?P7
M?O<?)%=XDF[R]ZIGV;19T:?^.;K*V=YQ"E#=0,64*`4!<;H^\A&:?&@'JN&Z
MLFYG<7;&N>;+R6;T-\]DZIXXXPVN.?5%`*`S+6#Y",+>-`_5<R5R+YMQ=CJY
MYLP/E77[Y[653QP)3E4;%3"@%`*`_]7H6J*"R10"@)$XT\O&L?P7?O<?)%=X
MDF[R]ZIGV;19T:?^.;K*V=YQ"E#=0,64*`4!<;H^\A&:?&@'JN&ZLFYG<7;&
MN>;+R6;T-\]DZIXXXPVN.?5%`*`S+6#Y",+>-`_5<R5R+YMQ=CJYYLP/E77[
MY[653QP)3E4;%3"@%`*`_];H6J*"R10"@)$XT\O&L?P7?O<?)%=XDF[R]ZIG
MV;19T:?^.;K*V=YQ"E#=0,64*`4!<;H^\A&:?&@'JN&ZLFYG<7;&N>;+R6;T
M-\]DZIXXXPVN.?5%`*`S+6#Y",+>-`_5<R5R+YMQ=CJYYLP/E77[Y[653QP)
M3E4;%3"@%`*`_]?H6J*"R10"@)$XT\O&L?P7?O<?)%=XDF[R]ZIGV;19T:?^
M.;K*V=YQ"E#=0,64*`4!<;H^\A&:?&@'JN&ZLFYG<7;&N>;+R6;T-\]DZIXX
MXPVN.?5%`*`S+6#Y",+>-`_5<R5R+YMQ=CJYYLP/E77[Y[653QP)3E4;%3"@
M%`*`_]#H6J*"R10"@)$XT\O&L?P7?O<?)%=XDF[R]ZIGV;19T:?^.;K*V=YQ
M"E#=0,64*`4!<;H^\A&:?&@'JN&ZLFYG<7;&N>;+R6;T-\]DZIXXXPVN.?5%
M`*`S+6#Y",+>-`_5<R5R+YMQ=CJYYLP/E77[Y[653QP)3E4;%3"@%`*`_]'H
M6J*"R10"@)$XT\O&L?P7?O<?)%=XDF[R]ZIGV;19T:?^.;K*V=YQ"E#=0,64
M*`4!<;H^\A&:?&@'JN&ZLFYG<7;&N>;+R6;T-\]DZIXXXPVN.?5%`*`S+6#Y
M",+>-`_5<R5R+YMQ=CJYYLP/E77[Y[653QP)3E4;%3"@%`*`_]+MGEF',-1=
MN(5D8D<I4X+5Q+:UQ^,'JS75R6&E'J1A"J>Y,QQYL3ID*0X\Q0X+D:>P2NY8
MP1QA11G4-`K(]RL<IYEG;-.;5]\M\EWD&C$<CTJN#:UO:'%DD4L,D!&$,,?`
M7`!LFTTF#)&7YAQO'3CIN69SDJ1RM.$6^`1MA9Q"P`EEMQ5W):!61[E8Y3S+
M-TXM9WPWR7>09$C3:=5;K$FR^&94D!*7-9'CG-6(@#='I8WRJ0PAPB:^Y<Y-
M72%Y;)/%UA"T4=(>T3<G"6N5GD-YY*LQH%9'N5CE/,L:<VK[Y;Y+O()+-^'<
M:M3#*XRWQ5(F8IPT'L4K;PJW,9;PTJ4;@WG(CC#%PSR0&(W10#O%#+'V&7O:
M_;:U[<QS9*SL/`366.98PS`QKE73]C&;H>.VF6F%95<:E$5EMI*651</#P'"
M?VIG\3&2V8/YBTU&0;U'CEK%8I8;1IEI&D1&:%H:897VD5,'!PD3,FZ8M'6+
M6-0_NFGQ<_(6]K?)$\WC2Y\.LQ1:+H;.,DDKJK>YNQMA:%H2C!>Z8M0:Y*[C
M[$J51W#=GTG89=1J:YZQ_P!J=LVQ7E:U/>K<]D8(9B'1-=S(8T6FY_<GM]>7
MIFQVUI7/=S,K<L+7M)*W6"+G3*#<T"9HT6P'J5)[JI:N^D&G.("<!8DN>V&7
M4:FN>L?]J;MBO*UJ>]6Y[(RF-8!T(3"512(1S$Z5R<Y?BWK`VGA438AO2PXY
M5%4S;=S4JI`0)(\NP9:0<2BL`9Y9!0QGV)L(C;MAEU&ISGK'_:F;8KRM:GO5
MN>R)9Q7`N(X1"7?',6A:)HA3\[V?79A)7/!R=:[6"T@LM&H5.*A<`?=8TENZ
M`T(/J;>CTB[>V2FPMDY%)HNSTIDS#F3/WW2MND:>*C3RAA,95:;5I%_ML8$:
M1/93!PT]:F5L[3S>;PL]F,V;>S9RZZ-AXK+"*RQ[?LT,LHS_`)&^%%7VN'@H
MU'D6&Z?,9#:S'[%SDI:EAJ6[Q(FY0<!@B#>M?&:.IG62.#Q*VBUDYSJ^$@`G
M0A7.!@`F&`3"`6,5OSH%9'N5CE/,L_KIS:OOAODN\@UJ)_TQE(MX688F;>N)
MBRK([DP.`$R5]:,1(D"%Q59;7HS)]8H40)+<0%;LG,/?Q*P')@MMU"<\LMH%
M9'N5CE/,LW3BU??+?)=Y!G^-XWIPRD]SYEC&/2A=.I,[Q%[7FREC6`&^,,A?
MHNZ)>#,.07F6,FQ=HVJ"7QAN;+J2P;0BQ@.V]F@5D>Y6.4\RQIS:OOAODN\@
MW/*L"XCF\):,<RF%HG>%,+O=]:6$Y<\$IT3M<+L"ZT"A*XIUPQ]U\5V[HS1`
M^NOZ/0'L_4VL+9.>R:$L]-I,P^DSA]TK#I6GB(R\H;3&166T:5?[C>!6E3VE
MP<%'\9;;.T\HF\5/9=-FW4V?.NC;>(RPJM,>Q[-#3*L_XV.!$7V>'AIAYDC!
M.B?%KB%))=/KJ8VW37N9)&U2]GLMG@YGD;VU15&6JG*)\?),]I8PH`G3MJ)8
M`LTPD*@PC;`O?J>PRZC4YQUC_M3LNV*\K6I[U;GLCQBL2:'K.@V9QT].K*XL
MSG&V?(9#J[&%]*G*;R&T8@:><#2Y,5A-!-G08!(3F6[P0!&:6K4C3I!A.NV&
M74:FN>L?]J-L5Y6M3WJW/9&9XHTW:+<PL2N11K!0D+60M`F2GO+J\ALYICT:
M=:G7I1LTW>B48[@47+4-RT:1Z;3RQ%+D24RX`B;#+J-3G'6/^U&V*\I/NI[U
M;GLC:7P*:3OR;9?_`#4M_P!PTV&74:G..L?]J-L5Y6M3WJW/9'__T^VC53PC
MI4/F3J9RMS-'^9^F?3?:\'W@WO<^=5O8[I;OVPX]O?V/=/\`/_=>_4-0C4_]
M-=_0<<Z][GS5$N0]V^'?E?XFN6H'R_R=P7[OZM]_M[=^_P"/]]XM_P!MVT![
M,<Y!YEQCQ;X@>&=0WC8\W=%.!=;.L.3.8MYY=]O.8^?-XXMR/[,\(W7?_N[?
MZ`L,H81,U3<)[,7<>ZM\,YO/W+I_T1Y/YLW4GE7J/UT]D^_ONTY>VWV?CFQ[
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M]H^&<Q\,V?-WWIL-GNGT=^K3"2-#"`V=^2.L[YSMUNVW1TWAG#>@?(G!ME,-
M^Z6<]_\`(O4CC.PXIP/Z_;\#XA]@W2AJ&%']*N.OW-G7[C7.6*_B1YBZ#;3B
MG49#T(ZO\!^CP;>]CPOD3T<#[G%/^E0&_=*O3SEWV%Y_W?D#$O!.?.3^_P!*
?.77'I+PCI_[-;EP;>NS?/:/9[/B'U.XT"DL:&'__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>g36434g16o33.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g16o33.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0S(4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````F@```'D````&`&<`,0`V
M`&\`,P`S`````0`````````````````````````!``````````````!Y````
MF@`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"BL````!````6````'``
M``$(``!S@```"@\`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!P`%@#`2(``A$!`Q$!_]T`!``&_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#KOLG5Z+7']I,/I^OM8;'DD9%]>2:WN++=ME7IW8N'9Z5C\:C^;JL4
MFX/7(#7=2K#=[\A[G/?)]V_>*]K+,>FK=MLQ/7MIL_[K_06I9TDO_P`+MB=`
M#K[W6L]3:YCG,]_^?_-65*9Z56YN0"]P=EUFO(+>\M]-CV[_`%-KJF[MG_@O
MJ)*<K.Z9UJ_$94_J(KS0S(%9#WUM>^UOHT,L;CBKU*F;K'[FM]7%?Z+ZOYI&
MLP/K`+3>[J#06>HVH3MKA[Z?3-M7I[7[:V65^[^9?_A?TUBN'HU)#9L<TM.Z
M&0T`[O4_1C7TVJ)Z'2`\M>0]XVR``T-+'T.:UO\`*;9ZMG[^3^E24@;@_60N
MI]3.9&ZMV26@`%H+3?34STO;OVO_`%CU/YNS[/Z3/Z4H],Z=]8<9N/5EYC,B
MNK&]&UTNEU@'MOU;ZN[Z-?\`/_X/U_YVY;B22GG1TCZPMH;CU9365"0[=:][
MX(;.^T4UNLM]5OK;ZOLC-GZ#TO?;>K>#B?6"K*I?EY;+J`UXO8`!)/T7LVUM
M_/&_Z7Z*O]%_QFNDDI229V[:=D;H.V>)\UD'J'4Q27;6BYM3'&OT;8-SF-L]
M%GN]S7O]F_\`P7Z.K])=ZOII3L)*K7DWOS[*#66T,K#FV%C@'.GW_I?YO^Q_
M.))*?__0]522224I))4LWJ/V6UM?I.LWCVD=W0XM;M`=_H_?_P!;]EB2FZDJ
M=?4#99CL;7_/M+GC=[F1.Z61]%KV^F_?Z?O_`):'UDD8K()'Z0<&.SDV4N&)
M/9=&/%(#NI[NI,K#R2X"R_>UC&[S7%KL;T]SG,W-_1,_X5_O]G\VFILZAZN,
M'[GU[/TAVAI<XG_";F,V^BS;]#TO5?\`X/\`P:R-S_WG?>4MS_WG?>5#]Y_J
M_BS?=_ZWX)/K7??5D8HJMLJ!99(8]S)@U\['-6']MSO^Y5__`&]9_P"36AU\
MDU=.G4^B_4_&I9*S^9F3FF;(^7_HQ;N"(&*(H&K_`.E)-]LS?^Y-_P#V[9_Y
M-)!24/$>Y9>$=@__T?5"0.3$Z)`@Z@SV^Y96=E8.6*P;7-]-X>/:[D?U?_5:
M'79@"GT['C=ZK+]S*WANYA9MBO1K/96UFS_SY8F>Y#]X?:N]N?[I^QO]5OMQ
MNG9%])#;*ZRYA(D2/)<J_KW4GF7NK<=I9)J:?:[Z;-?S7+?ZIFX^3TC.;422
MRDDR".9\?@N05'G<LA./!,@&/Z)\6[RF*)A+CB">+](>#?'7.H![;`:@]@AC
MO2;($;=K3^:M*C.R<[I)MR7!SVY.P$`-T#-W;^LN=6WTS_D5_P#X;/\`Y[:H
ML&7)*1$IR(X3H2R9<<(Q!$0#Q#8,DDDE*QH.O?S73?\`B7_EJ62M;KW\UTW_
M`(E_Y:EDJMS'\[+_``?^A%GP_P`V/\+_`*<E)))*)D?_TNL2226<WV9_Y,ZE
M_P`1_P"36`M\_P#)G4O^(_\`)K`4',_H?W3_`-.3+@_3_O?]S%9;?3/^17_^
M&S_Y[:L1;?3/^17_`/AL_P#GMJ'+?.?[I79_E']X,DDDE88$'7OYKIO_`!+_
M`,M2R5K=>_FNF_\`$O\`RU+)5;F/YV7^#_T(L^'^;'^%_P!.2DDDE$R/_]/K
M$DDEG-]F?^3.I?\`$?\`DU@+?/\`R9U+_B/_`":P%!S/Z']T_P#3DRX/T_[W
M_<Q66WTS_D5__AL_^>VK$6WTS_D5_P#X;/\`Y[:ARWSG^Z5V?Y1_>#))))6&
M!!U[^:Z;_P`2_P#+4LE:W7OYKIO_`!+_`,M2R56YC^=E_@_]"+/A_FQ_A?\`
M3DI)))1,C__4ZQ)))9S?9G_DSJ7_`!'_`)-8"WS_`,F=2_XC_P`FL!0<S^A_
M=/\`TY,N#]/^]_W,5EM],_Y%?_X;/_GMJQ%M],_Y%?\`^&S_`.>VH<M\Y_NE
M=G^4?W@R2225A@0=>_FNF_\`$O\`RU+)6MU[^:Z;_P`2_P#+4LE5N8_G9?X/
M_0BSX?YL?X7_`$Y*22243(__U>O]"_\`T5G^8[_R*7H7_P"BL_S'?^16SGVY
M;+*FXP<20XF&@LT'T;'?2W._P/\`-^_^=L_P=E3[1U2+)]4-V_HG"L;BT&OT
MK+/T;MEUSG7LO;Z5GI5L99]FK5?[L/WF?[P?W6H:;_V=U%OI6;G40UNQTD^_
M1K=ON6%]CS?^XU__`&U9_P"07?5EYK8;!#RT;AX&/=W=_P!4J&5=FC*>VLVM
MH8UNXLK#N2W^8EK_`%+&_P"%W_X/^:JWUV)F3DQ.O41PBMO'B70YLQOTW9O=
MY#['F_\`<:__`+:L_P#(+8Z=1D-Z.YCJ;&O^U$[2QP=&QONVEN[:M*K(ZR?2
M#ZG$FRO[1#6PR9]>NDO=5ZE#?T?Z;]-9_._]9UD,?)"!OC)TK9,^;,A7#6M[
MO,^A?_HK/\QW_D4O0O\`]%9_F._\BM"[(ZKZEWH,>=KG"ACV`-<\?0#W@>W$
M?_I/4]7U/]'_`#"-B6YQR&BPO?26D#>P,,!S]MUKMC?>]OIM]%OI?O\`I*3[
ML/WEGW@_NN'US'R7U=/V4VOVTO#MM;G09KT=M;[5E_8\W_N-?_VU9_Y!=^=`
M2/[UCMR.JEK#^F:U^KIK;O94=VY^E>UV8Q^QGHL_1>E_W)_G5'DY$3D9<9%U
MT_='"OASAC$1X;J^O<\3S'V/-_[C7_\`;5G_`)!)=GT^W/>ZS[8PL=H0T`;&
MG]UCOI/W?3_PB29_H\?OG[%WWX_N#[7_V0`X0DE-!"$``````%4````!`0``
M``\`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'`````3`$$`9`!O`&(`
M90`@`%``:`!O`'0`;P!S`&@`;P!P`"``-@`N`#`````!`#A"24T$!@``````
M!P`(``$``0$`_^X`#D%D;V)E`&1``````?_;`(0``0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#
M`P,#`P$!`0$!`0$!`0$!`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``$0@`F@!Y`P$1``(1`0,1`?_=
M``0`$/_$`*<``0`#`0$!`0`````````````&"`D*!P0%`0$!``,!``,!````
M````````"`$%!@0#!PD"$```!@(!`00'!@8#`0`````"`P0%!@<``0@4$[1W
M.!$2%196IK;5UE<8"1DA,2*3TQ=1,B.7$0`!`04$!`L'`P4!`````````0(#
M!`4&$74'-R$2TU8QP='"$Y2DM%46%Y$BTJ/4-AA!@9-1<:$S%0C_V@`,`P$`
M`A$#$0`_`-]@,GZAFIF=#1JN1@H9O]2,')LJ=>V98$X%";_4C#1HN+>C@O&W
M(=+!XW%[LG:(16FCW7,T7K6T6NRU@_K1_@]'=[6Y\2)ZH-UES5:\#8F"T(;(
M;K<ZXH:=NRB!R*0<:^:S5:M3-T%9S'53R&I*`SPJO!L<CVB7(%+XN2+2S'%2
M6!(V!HTD.C=D_J::?E5BO]73&+O*Z(F)IA'!);+D,#B`9(/A.HE<GAD"1#M,
MI\F,4*63D#.W-:1[Z/IW'IR'@9*DER:1[I9"R5O.*0"X5VNP-<G:YW"*IN:R
M[MJ>)A>&*MK0?TY-1DM]32]A=G8Y(T2J8PY=(MQ(+JL]=AE(23#C=ITZPLT-
M&DJ2U3/]4Q;QB05B<PV#&I>S<,:R-][`1F=2&Z%4M8>,M1R1_DJR>R!H$B=+
MPE%[*9'&W5H&X+)!HL@1Y;<686!V<&DS[MI:-3<?ZBY%H.D'C-9:E430JYZD
MCUARB"&Q%HDYS#ISNROA.YP^@$PM<ZJ]^8J]5*>D*VBF"5R,$!.:2(D(Q8G]
M3R&S;"_4@L6M[PB<62V(RL8N'7,201.?LM)2"K;<DM[L]3T"36=<1=O,=M/L
M$?D%H3Z9D1EY1>A4^)6/6T6U(D1;\N:1[O\`D]PAEW<\QW?4<:G=:K4T96O[
M\PW"W,-:R-3%&UR%/Y^U"<H)99S`5'I!6#!7Q47=D+J[NT7=E`%*G8&]Y<3E
M+#'0T6$$LEWY:P+D/;4SKYNOR=$GJ+2-0L!\7M=SB,#AR&IRS84\QZ,JK&-X
MTW8U.LVC28ML:XV1%K&0+'<0UY+J60M+<P2RP\I*O#]2KWE=)>AK^;#0IF9-
M!'=T>JPM[V(-F8K"Y4O<'GL7J4$`2KW*93Z/%URWR)6ECR4].C<1`4IFCLC3
MV1I,V,EY>,%I\P93>=A1/D%`P,,+2Q`MV9ES-"7UCC4>DR,^)$>[R>3/*?37
M(?;Y#XO/2&,[W,`'%M1QB\<</Z=L69/Y6RQ+#0G!@8`P!@#`/__0ZZ9Q/I\G
M5M,H%*9&+09E?;>@A[4^.<25OCE!;E50J)I8%HJ*R*,61.]0B,;3(X,[FMZ-
M]-7*7`)H3B#5:09(S%IS9ZJ-*U%>/D0D-R'6*0V*&1ZY'63-RP$'2N5I!%V/
M6JB/+$=/M*8*=-HQ.TD&^OH/3:.(!Z#<P9T?L>T2.QGYA@G&]S9)B[1P#Q9[
MK&++D]Q,RAU6,RA!4EU+'U'92&*JX]'4:DJSX^D1!Z5Q:X^%=M,6VG&$"0IE
M.3']3P:PKQO92B;9.AC<JBZG<.E,@>86B+E6R=NXZ9XOS9.QJC#TJ)W0&M4@
MF3XVEZ3EH3NT*/%LL"K1V]8,HB'N@+KNIUG\6@S.U0A,;+)=8;`]J544ESJ*
MEB8@EEBZ,(YX%-*VM/)'BQ&IE)7(!DFLR7:<`A)Q+$RM(MS)BP]2IF>R6:NB
MY2]H36Y.]U11]F&M)HU1_NK*[!:)2GE$*3J%!:;8$C*GB;>JT0826I`<XFFF
M:T$\L(0+`8,#`&`,`8`P"..\PB4?"\#?I3'&0$>;&UZ?QN[VV-H6-F>%;B@:
M'9X$L5$Z;&QU7M"LA,>=ZA1YR4X`!"$6/00/QFVTZQ>7EGCK18T#=9!(F9/(
MX^Q-LOCZYY?8\K(6*4CZSMB5P-6N;,J3-R@PM40`9`P$&"T+>@"WH"4DO3,H
M=W"/)W9L/?VEO:G9U8R5Z4UW;&M]/=DK(Y.#:`T2U&WO"E@7%I3C`!+4&(CP
ME[%LDS00/T\`_]'OM3($*(Q<<C1)$ASFKZ]R-3)B2#'!=TJ5#UJX90`"5J^B
M0DD]H9L0^R)`#T^J`.M`?7@#`&`,`^1,@0HSEZA(B2)5#JK`O=#TR8D@YR7%
MH4366M7FE`"-8K+;&U,F"89L0]$)RR];]0`=:`^O`&`,`8`P",2N;0R!MQ+O
M.9=&(8TJ5I;:G=)6_M4=;CW$XA2J)0$K7=6C3&K34R,XP)01;,$64,6M>@(M
MZUDUG<FD,.Q&3R;0L%"--HPC;]ZPY85M45I&4:>-,LJTK++2HRBVJC*K98BF
MPELHFLY?MPLGED1%Q++"MJPY=MO6D91416E981I4916F45;++51.%4*23Z64
MR.2V[/JRN;B>DG%DQ:@V,+E(;!KU&I.<ZEG\V>SY*ZNVVJ8$G2*.1F6ECBRI
M8VNY*!W0D".3"3E^H/G_`%'P\W\DO78;:F\\AUQN9-NJ1&S(\Q2BLVB2U\ZI
M;=XM,R"!O<FGPPH.2PW)PELOE5<2F(/3?-0KFE*SR9[=I._Z=C9P:F+=B4GK
M-I37HO9QZEZCX>;^27KL-M1Y$KC<R;=4B-F3&JY?5,"MBW)Z_<J>.4F:[*;X
MSHK2*31MCE);DPR>QW%/J0.:FR7UM=DS-%Y:WLZ(9"9)O:-M*!LLO1.MG/4?
M#S?R2]=AMJ/(=<;F3;JD1LRQ7YD./'X]4O\`_48/]NX]1\/-_)-UV&VICR'7
M.YDVZI$;,__2[^,`8`P!@#`&`,`8!XR^,<Q47K#W=#*9HDA!E,VPQNK"ATR^
MYB*8GS&GU47E*D!["H6*)H!H`[$H=*U1Z(M(!3V:70C%`S!G]"LZ)%8B%ZJV
M(/S[R`6O2*RI8L56"XDV*ICAD79>1LD4M*:1MU6Q5%$'MUM&#)4J$SV^-NC$
M>8!@6(24X==,I`GD%'9ZOD%*'YY(FAT8=WA22PMYP;'9(@S5FHKJ)KV.1G(Y
M(XEP(Q^/F*,QO4LI+2FE2-P4*E9RH+=H23`_0\*_5;\O$-\:([]#V+DS?^J\
MO)-?+GNT64#_`.;OOF:W2][Q"G/SD`%L#`&`,`__T^_C`&`,`8!^)(I+'(@T
MJ7^62!DC#$B$0%8]2)U0,K2D$J4%)4P5+DY'ID9`E"HX!9>A#UZY@PAUZ=[U
MK`/S$,_@;H_EQ5LFT1<90:SDR$J-H9(S*W\U@4%I3B'PMG3K3'$;.>4N)$!3
MHO9(@G`WH6]##Z0/H9)I#I*YR!DCDLC,@>8FJ*12EH9'YK=7.-+3CEJ<E)($
M"!4>J9E1I[8I`$M2`L8AIS-:UZ2Q:T!`[^?GB,U)+'MA<%#6[(O872+DH@A/
M(ZF3,R0_U-B"+6NU3*!@W_#^0MYR=<1L7+J7FD9`OVG<4QT>JTG"EKYVROM1
M53]SJ:+@X685-+82-<,O(9OI+65X%L=-M)[%1%_8S9_WO;_Q^_\`]XG_``9/
MGG6J_''_`+4Y#[[\FTOX*Y]B\H_WO;_Q^_\`]XG_``8\ZU7XX_\`:G(/)M+^
M"N?8O*/][V_\?O\`_>)_P8\ZU7XX_P#:G(/)M+^"N?8O*?G<W7YXDW!VH'M^
M<%#H[+;H+ZM<J$$1Y_3-EO)"/7V$(=;[),G`#7\/Y!UFIQSC8N8X*4G&1S]I
MY%-SE-9I>%;'<>RGL1$3]CY\(X.%E^+U3PD$X9=PS$I6QE.!+6X)I?:JJO[F
M+>185>,`8`P#_]3OXP!@#`/E6K438B5N3DK2M[<WI5"U>O6J"DB)$B2%#/5*
MU:H\99"9*F(+$,PP8@@``.][WK6L^)^_<PSE]$Q+YEW#NV5::::5&66664M:
M:::6Q$91$55551$1+5/D<N7L0]=.'#IIM^VTC+++**K332K8C+*):JJJK8B)
MI5="%:[:G]<RN.MXHA<-3)9C&Y"VR.,+U=IQ-CZ%:44K:'(U.['M,^;T:@^.
M/*XC6U3$[$#`<('8EF"+5)^>\ZT;O;+.M./C-[Y2JO=F8=6??`5EJ:"P>I))
M!EK=>U1O[9"FYCWVSM>9O2N:E!3K15*MJ(KXXMQBC.Z$JD`EZ28=NKD);1K<
M?V#2`X9P'G2C=[99UIQ\9GRG5>[$PZL^^`]LJ270Z.2B;R&=61Q_(4N:E6VQ
M(^'6\PGM;3"02:0/+1'4D.'%(BACBGLW4*MU6[7/"UW=331F'EI2$*9,\ZT;
MO;+.M./C,>4JJW9F'5GWP$VOJ41F6T'.W**2)BDS<0JCR(Y?'G=O>D1*TN4Q
MH\Q(:J;5"D@M460I+&(O8M#T`P.]Z]`M>G0UK-)9-J'G<3*IBXB8=EITRK3I
MXP\91I'SE595IA51&D1454MML5%_5#?49+IA+*TDSB90+Z'?JR]:1EZPT[:5
ME7+U$:1&D151514MX+45/T,L\FPHH8`P"9<P?(12WC0/NMR9Z,9LBZ.OGFS`
MU6%^<]673QP)CED;%3#`&`,`_]7OG>'AJC[4Y/KZY(69E9D*IS=G9S5$H6YM
M;D)(U*Q<N6*1EITJ1*G+$,PP8M!`'6][WZ,`A*6WZM6CCA26?Q0XZ6FC(CQ.
MGE'H]R5%NI["8C"2(P)J=<7(4IK:(@[19VG(H:38>I"(K0$RT^,PGLR-!=$(
MI`4U$OAK+I25MS+9E"L]`0Z&(]"[<"$]:F,*`;O6@",+$'6][#OT`>6<D/+Q
M?7@O:/T.^YQF(^7E>7-&]V>G5T']\T9>T)WAV<E6?DT?I>,`8!L;P^\A%T^-
M`.ZTWEDX,Y%UC?/-EY+.*&<])W3QQQ#<\YM1@#`)ES!\A%+>-`^ZW)GHQFR+
MHZ^>;,#587YSU9=/'`F.61L5,,`8`P#_UNV^T9G5U@U_*(639\00[D3=T!IH
MGXL@)Z42@@U:W"7MZDAW9PNR,L:7;@@-)<F[MNI1FE*BB3`\[YMICQZ%_D9Y
M3H/*M2>!Q/\`&UR%:XPUM\;<8HD/GE0OD,0/:Z:N3(HMV3$NB*8+;-E=DM7M
MV4NL-D\ON=J@3M(>J:0N;FQDFNQRM8H3;V-"6WO-M,>/0O\`(SRCRK4G@<5_
M&UR%@6Y_IY%:R^TBYO6B)T?8"W1.1&-RIN*<W=<V.NUR)4O=`A)4.21N2#$G
M3:/V(90-^@.@ZWO6/-M,>/0O\C/*/*M266?\.)_C:Y#[[NF<4EW'CD-[L2%H
M?O9]+V3UWLI:0LZ3JX/(^F[?L1"[/M^F,]7T_P`_4W_QG.UO-Y9-</,0?^;'
MNG_1R:,UM1I&M76AGUEMG!;8MG]E-W2,JF4LKFA_^A`O7.O-H75UV59MU8AU
M;9;PV6I;_=#E/S\JS]'Q@#`-C>'WD(NGQH!W6F\LG!G(NL;YYLO)9Q0SGI.Z
M>..(;GG-J,`8!,N8/D(I;QH'W6Y,]&,V1='7SS9@:K"_.>K+IXX$QRR-BIA@
M#`&`?__7Z%LB@LD8`P"Q-:>7CF/X+OWT/9&=Q),O,7KF?=VBSAI_]\X67L[[
MQ"F#>0,64,`8!L;P^\A%T^-`.ZTWEDX,Y%UC?/-EY+.*&<])W3QQQ#<\YM1@
M#`)ES!\A%+>-`^ZW)GHQFR+HZ^>;,#587YSU9=/'`F.61L5,,`8`P#__T.A;
M(H+)&`,`L36GEXYC^"[]]#V1G<23+S%ZYGW=HLX:?_?.%E[.^\0I@WD#%E#`
M&`;&\/O(1=/C0#NM-Y9.#.1=8WSS9>2SBAG/2=T\<<0W/.;48`P"9<P?(12W
MC0/NMR9Z,9LBZ.OGFS`U6%^<]673QP)CED;%3#`&`,`__]'H6R*"R1@#`+$U
MIY>.8_@N_?0]D9W$DR\Q>N9]W:+.&G_WSA9>SOO$*8-Y`Q90P!@&QO#[R$73
MXT`[K3>63@SD76-\\V7DLXH9STG=/''$-SSFU&`,`F7,'R$4MXT#[K<F>C&;
M(NCKYYLP-5A?G/5ET\<"8Y9&Q4PP!@#`/__2Z%LB@LD8`P"Q-:>7CF/X+OWT
M/9&=Q),O,7KF?=VBSAI_]\X67L[[Q"F#>0,64,`8!L;P^\A%T^-`.ZTWEDX,
MY%UC?/-EY+.*&<])W3QQQ#<\YM1@#`)ES!\A%+>-`^ZW)GHQFR+HZ^>;,#58
M7YSU9=/'`F.61L5,,`8`P#__T^A;(H+)&`,`L36GEXYC^"[]]#V1G<23+S%Z
MYGW=HLX:?_?.%E[.^\0I@WD#%E#`&`;&\/O(1=/C0#NM-Y9.#.1=8WSS9>2S
MBAG/2=T\<<0W/.;48`P"9<P?(12WC0/NMR9Z,9LBZ.OGFS`U6%^<]673QP)C
MED;%3#`&`,`__]3H6R*"R1@#`+$UIY>.8_@N_?0]D9W$DR\Q>N9]W:+.&G_W
MSA9>SOO$*8-Y`Q90P!@&QO#[R$73XT`[K3>63@SD76-\\V7DLXH9STG=/''$
M-SSFU&`,`F7,'R$4MXT#[K<F>C&;(NCKYYLP-5A?G/5ET\<"8Y9&Q4PP!@#`
M/__5Z%LB@LD8`P"Q-:>7CF/X+OWT/9&=Q),O,7KF?=VBSAI_]\X67L[[Q"F#
M>0,64,`8!L;P^\A%T^-`.ZTWEDX,Y%UC?/-EY+.*&<])W3QQQ#<\YM1@#`)E
MS!\A%+>-`^ZW)GHQFR+HZ^>;,#587YSU9=/'`F.61L5,,`8`P#__UNA;(H+)
M&`,`L36GEXYC^"[]]#V1G<23+S%ZYGW=HLX:?_?.%E[.^\0I@WD#%E#`&`;&
M\/O(1=/C0#NM-Y9.#.1=8WSS9>2SBAG/2=T\<<0W/.;48`P"9<P?(12WC0/N
MMR9Z,9LBZ.OGFS`U6%^<]673QP)CED;%3#`&`,`__]?H6R*"R1@#`+$UIY>.
M8_@N_?0]D9W$DR\Q>N9]W:+.&G_WSA9>SOO$*8-Y`Q90P!@&QO#[R$73XT`[
MK3>63@SD76-\\V7DLXH9STG=/''$-SSFU&`,`F7,'R$4MXT#[K<F>C&;(NCK
MYYLP-5A?G/5ET\<"8Y9&Q4PP!@#`/__0ZCORR7?\$_,D1^W\EWTZK+P?YKC:
ME+^H-(>+_*?;,?EDN_X)^9(C]OX].JR\'^:XVH]0:0\7^4^V8_+)=_P3\R1'
M[?QZ=5EX/\UQM1Z@TAXO\I]LSV>#TC:#/3/)6*.,8Z=_L"L7>/1%![:CQWM9
MX516;-I"/JB'8U$@]=:[IP=HI,)*UVGIV+00BV'JY71E2PU&XCRI]+=6/CY8
M\=.&>D=+TCQIQ$,(SK(VK+-K3QA+6U99TVJMB*J<I-ZNIZ*JJ@9DXF&M!04P
M8>OFNC>IJ,(^AVU:L5A&FO=8:6QA&ET666JEN2G[>O,#\(OGZL/OKDB?CYB]
MNCVJ"^I*8];\+]Y^S1>P'[>O,#\(OGZL/OKC\?,7MT>U07U(];\+]Y^S1>P'
M[>O,#\(OGZL/OKC\?,7MT>U07U(];\+]Y^S1>P-*N-_'6Y(#Q&L^L)9#O9,Y
MD5G!D+.Q^\$67=8SZ(K0&UGM-M?%C.G_`*H^LUV9J@!O_C_U_J!ZU+X9X>UA
M3V%%2TU-Y1T,[B)GTKMWTKAO6=ZL&FMKL/&G::73S0TTC7N\&EFWZ"KRNJ5G
M6)M/5#+)ITLG<2_HFWG1/F=5NV*]W4;=LMK_`+&-*,JGO<.A;(S^62[_`()^
M9(C]OY\'IU67@_S7&U-AZ@TAXO\`*?;,?EDN_P""?F2(_;^/3JLO!_FN-J/4
M&D/%_E/MF/RR7?\`!/S)$?M_'IU67@_S7&U'J#2'B_RGVS)-R0XZW)/N(U85
MA$X=[6G,=LX4A>&/W@BR'HV?9%E@TL]IN3XC9U']4@1Z[,I0,W_V_P"O](_5
M^?$S#VL*APHIJFI1*.FG</,^E>.^E<,:KO5C$UM=MXR[72]=Z&6E:][@T-6:
M^@ZZI62XFU#4,SFG12=_+^B8>=$^:UF[87W=1AVTVG^MO2K*)[O#I2W-7]O7
MF!^$7S]6'WUR:/Q\Q>W1[5!?4GW[ZWX7[S]FB]@/V]>8'X1?/U8??7'X^8O;
MH]J@OJ1ZWX7[S]FB]@/V]>8'X1?/U8??7'X^8O;H]J@OJ1ZWX7[S]FB]@/V]
M>8'X1?/U8??7'X^8O;H]J@OJ1ZWX7[S]FB]@?__1[B.0%@M];0,I\<YP;`DZ
MR0M+&!T;B(H;)7)8XZ4]`P1,Z>B]PVQX<UI!?;+GL`FM`V`5J%`TX"]JTXRA
M4(SD%9B%*R%.5J155*G)R@,=G[#'C8&XLM9UHZ1*NW&6<G&=[VU#&LCQ"Q[4
MK$ZUR[:.!3.Z7UD_JMZGJ0L)<PWG)'*4U8D;[=320UWF;M%3(BA10$:J6P9#
M;EDPQJMM6C2M!4CFR.3Q.,)3-*XB-K9V10F5.BPH]MWM*0%A?_!@JYRAM!37
M+''DK19337\IE`Y`DAR=Q,A:$I_DS>V%J6[WC?[`[2-1ZM&;9PCW\\``.IP=
MIDS:;UQY*56,H>('WU*=RUK8'&XF^/L+]+)NDMU]!NM$9W%TN.O4R202+*'5
MZ85S$2=8RQI3-(5,C(6F*#T9QJ/U.O2@3!83:G>0,]L&UJPC$B9WE@9I!QX5
MS!R).K:8M;9))^6@HQ]<Y"TS!R:3(^&+-!=@+&I*E)6]MUQ*GJ>TT)`+`L+N
M8,%3>1-LND%E=<1>+3MK9YC)!*7-E@:Y7"69+,TS3(XHD=@2.1S4!HD3.-"Z
MB0HD#+H$@<W)<6)-O:=(L&2,H5N5<E9HC9EAZ2ZV=]9VNHG2Q4=@@0UXA22*
M^4D?9W%%Q=,2;9S&XP*@"@UQVVI.REPTB@"8*W1J0\\W!FPL_2UA2=^LFSXO
M*)@V2TU"^3-2SH(H_P`;?6>"1]EGSNRL#!,&Q!7,/E$%FSA'ST>](W-S?@N`
MT2\T@XH"?81Y,*6DP8*+\A+QD,.L57$X/9K(WR)F@HY.[PIQU!R&YHCJUDG?
MIEJ\M_\`3,YI)T:UF`X(F=A,*)3H6HXQS]4M8C[891"%ZY#R]-(W)$U68CFC
M-'I96+%4ZH@5>!,Y0HIE8:>-V=M,)M8R`.BVH$"K:'MHO[/3D+2.M7@-3FA3
M!"P]RXI6;*K*B*MPE\A]Y'@YLA\E5&)4S`-KC:N6,75KX0!RC3>UHDCS&UJ(
M>US$L`N=F+:DHM0YN19R=1@*6JP8/__2[^,`8`P!@#`&`,`8`P!@#`&`,`8`
%P!@'_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>g36434g19l34.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g19l34.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[1!L4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````O@```*\````&`&<`,0`Y
M`&P`,P`T`````0`````````````````````````!``````````````"O````
MO@`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````#=`````!````9P```'``
M``$X``"(@```#;0`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!P`&<#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U5<_?TYU]][F=4=0#98\,AT!\/IMWNLM#K*:J+;*ME?IUUV>C=_@J
MET"RW6XH?<W[+<X-LA[]=LD[O59[_8SU'/>][?YO^<24UK<!]CKK'=1K99;9
M7;N:7`,-;&T[&M-_\U_A]C_\,_\`ZXI,Z=7Z]ESNHRRW(WM:UY$[7666XSOT
MNU[=CVU/9^Y2B.?C-].W['87[!:_:7%[9K>]Q9_A'V-V^G_QEO\`I$K,C`]`
MUV83Q00:X(`:=NQAK;[OSMM7H?Z7_!I*:[NE!V0ZYG4_:Y]Q+=WT7/-EVZO;
M9M]7%IN9Z>]C_P";_P!%^B2KZ4_?)ZDT2X-KK:"UM>IV^@QUSOTV[=Z=COS'
MV?H[E9L-+L6LU83C]-XI>XM>`US:'[=GJ^Y[7;]F[W_\:FGIM#1<W%<27L%>
MP'>XMK9D,]KW,<W;6WW;_P#N.DIJ-Z<64_9&]1M?LN`;9%AM:/2;CUU5W-M]
MSF64^KZK_4]2O?39_.77VOB=.%5V/>WJ9<T6.<UFHK?])SZV;GN:[T6/^R4?
MZ'%_1/\`5R:O75QEF+8]Q^RY`=4WU03((W'=Z=>U_P!/<Y__`*K]-,^W$`:Q
MN#<X2XPP0R8!_P!(UCV7>FRSV_\`&6?I4E-]N=AEI=ZS``2/<0WZ/TOI[45C
MVO!+3(!(/Q!@K,>[I].1L9AV.>QX<YS1[0X`/K>^7^?L]OZ/])]!7,![+,</
MKK?2QQ)#;``[_-EW]1)3922224I))))3_]#U5))))37OSL:A^RUT.]L@`F-Q
MVMF%$]0Z>X";6'7CG:1[O?$^GMV_G*'H4W=0R&W,;8T550'`$:_::W<_O5O>
MQ&.%AGFEAU)X'+OI%)3$]0P_3?8VQKVUL-AV:^UOTBU/]KQ06[GM:\@D-)$C
ML_B?H_GJ3Z<2NHA[6,K(+3,-$'D?@@,_9+BXL?2YSB-Q#@22W]YT[DE)ZLS%
MN?Z=5K7/C=M!UC3W;?W?<U&0,?$Q:(=2QK2&[0\:DC3E_P"=]%J.DI%9?32Z
M'F'.!<``23!:S\WZ7TZVJ+LW$8)?:UFDEKSM<--VK'0]5>IN++6O#/4+:+B&
M:ZG=C_N>_P!OT_:@%^(QUH9@V.?IO>UI&^"R7,=_..=[WV>_Z;_^,]1)3H69
MV'6QUCK6[&,-KG`R`QH:YS_;_)>Q'&HE90=2:[;6X%K'NK=]+OZ8WUL_1N?]
M)S/T;F(].8VIE>.RA^VM@$M:16T?HV5C<_\`XS_P&Q)3?26<WK+75^K]FO#/
M3=;.UOYHW^E]/^>_P>W_`$WZ-))3_]'U5))"RLFG$Q[,BX[:ZF[G'^`_E._-
M24T\C-QL'*RLC)?LK%5('<ETY'L8W\]ZY_J'UHSLDEF+^JT]CH;2/Y3O<RO_
M`*W_`-NK+SNHY/4>IWY%[=C-E8H&X$!H]0OKV#W[F[OTEK_YS\S]&A2!R1KP
MI!'NP3R$Z#0+V.=:[?<XVO\`WK"7G_.?N5WI[6^D_0?2\/)45>Z?_-V?UA^1
M$[+!NW*WV4G=4]U9\6$C\BT\/KMK"&98]1G^D:(</ZS![7_V%E$@:G1*0>"F
MTN$B-GH<EQR+\=V+8-SZK379.FCL=W\KZ6W8](5=58:P;F$;B72=7;M[C6-S
M/S=WZ+_BUS].0ZO*KJ>POP;J[F9;VN`]/=Z6PBO^<>ZST_S/S/YQ=)7TO$:6
M65%P+02US2-2\.:;-T?3=ZCOTC/YS_"?S=::0S1E808[.H/Q&UOR:[7Q06OJ
M<07`;79#C;_P[66;$>MG5#:#:]@K#I+6<[?W?=7_`"O^#_,_X1-^Q\+:6AKA
MH`"3N(`GV_I-^]GN_F[-[/["L8V+7C>IZ9<?5=O=N,ZD;?\`OJ"Y+`B.R2=)
M)3__TO55R_UNS2ZVK`8?:P>M:/$GVTM_L^]__;:ZA<#UBTW=6RWGM:6#X,`J
M_P"^)T!JQY34:[KMR&#$IK+P75/:YM0#R)WV/N=D563BV>RS]$^O])^8B8V3
MCU9>1<]X%5MA?`#@YS!8ZST?YNQOIY%;O?1_A/\`2TK*NH%IU>0/;["`YOM)
M,[?;M>[=_.;DU>,VMX>U[BZ7%Q,$N#BY\/T_-W_FI],-_@E;(`!5[I_\W9_6
M'Y%15[I_\W9_6'Y$CLH;MZA_IVAX(:0'!I=NB2TMYJ_2-Y^FU'OLI?6YC'DM
M,;6OF0\.>^RYS]O^%K<UG^D_TG\VJA$M+9+9$2W0CS:J9Z92Y^ZQWJ:R=S1N
M=#?3_26-/O\`WW_Z3_MM-7@NGDV->VL!^]S=TD`CVG;L;M(;LVP[]%7^C_[<
M6OT')-F.['<?=0?;_4=]'_-]S5S]59KK#"\OB8<Z)B=&^W]U:70[-G4`WM8Q
MS?NA_P#!`[)B?5^#T2222:S*22224__3]57GW4FEO4LL'_3V'[W%_P#WY>@K
MF>L=/QV=5]:QF]F06O()(;I%=GT=O@UZ=$TQY18'F\X-3`U/@-2BLP\A_P"9
MM'B[3_S);1JI;0]M+65D/=L<"SW>_:ROGU&;:_TF[^:V)9+:=M9J`#G?FM@G
M;M9MW%KG[W^IZG^C_J)W$Q<+FU]-D@.>23PUH_[\Y-E3@W"F@P-H=9/NEQGQ
M_DK6IJ%8D_3//EY+%ZB[?G7'P<&_YH#4@;*B*#)O4+/SF-/P)'_DD5N?2?I-
M<W\?R(&+7B.IR#=8UMH8[TFOW``C:=X<QKOTCOYO9_QCT:RFLY%(:,>MQ8[U
M6ES36UTV^F_:VPMN;Z;6>BSU/T_Z+[5Z?K):(U2MR<=W%@GP.G_5+1Z,-W4:
MBW4`/)(U[0N?R?3^T6>FSTZ]WM9(=`_K5NL9_F6/V?06Y]3\4F_(S"(:QHI:
M?$F++/\`-VU)$:+H:R`>I2224;84DDDDI__4]55+JV$[,Q2*H%]<NJ)U$Q]$
MZM^E_65U))1%BG@-EEN7=4S,(=1/K4@D/8;3ZV/ZC3_(;[6?Z/\`1K9P,.ST
MF/M<WUI#7!H,#VO>7^_^37^\KM_3F7=3R;:Q%@;27-X#OYWW?\:LS'R\VNI@
MR*PZ[UGMM]!K@T-8[(JK+&6;WV7>G7LLJ_X5.MBX:.K>93-A9N^CM($"7;M?
M:TO'_0>]<K8_U+'V?ON<[[S*VZNJWOI-EE1QW.H]:L$3$,!VG]&ST;*=VS_J
M%A`0`/!.BLR=&+Q88]-X9K[I;ND1V]S/SD%M&4!)NEXVQ)<6N@>]SV?O.=^X
M]6$7&QLC*N]#&K-MO=K>P_>>[Z-;?ZR*P(F-R+<NC%QZA8Z_>!K!#F[=OLCZ
M'N_2/_P3%Z!TW!KP,.O%8=VP2]_&YQ]SW_VG+,Z3T9G3,R@O(LR;*K?4>)@"
M:/T=7\G^7]-__@:W4R4K9\<*U.ZDDDDUD4DDDDI__]7U&Z^NAGJ6F&[FMF"8
M+B&-F/S=SOI(+NIX3=LV27D```D^[Z.[:/:J_P!MRGU.]7!?8!N.R()&KJ0U
MKMS7.]/9O]_\XH,M+0".G&L@;F-`/+#8RMH-;'[?H;V;MFRNW_2?HDE-G&<U
MW4,IS2"TUTD$:@@^JHXN/3?CN%K`Z+KX/<?IK?SD^$UQR;;/2=4Q]5&QKA$0
M+)K_`*U<H->3DXK+&#&?8=]CV-:UVH?=D.=[X<S^;])S?^,24K,Z(S(HLIKN
M=7Z@B7#?&L_R%E_\S;9US6Q_Q)_]+K8.7U`XSG,Q?T^V*Q/M+_;],/\`2VU^
M_P#\"2=GY@#2W">X/X$@$"`[]+(]CO=M_/\`ST1(A:81.X:&/]4,%A!R+;+X
M_-$5M/\`F?I/_!5LXV+C8M8JQJVU5C\UHC7Q/[SE7;FY.]K'8S]7ACB),`G;
MZGT=NW\[Z?\`-_3]-_Z-74B24B(&P:.=>S'RJLBSZ%5%[G1$Z&C0;BWW.1!U
M/"+@T6B7%H'.I?M].#_*WL]ZAFLO.32ZEFYS:[`">`2^C\X^UKMH>YB%NRI>
MW[$SU&066Z;7O&F\-CV;-OYS_H?S?Y^P)=))5\2W(L8?M%7I/;IS,^?[ON^G
M_P"9JPDI22222G__V3A"24T$(0``````50````$!````#P!!`&0`;P!B`&4`
M(`!0`&@`;P!T`&\`<P!H`&\`<````!,`00!D`&\`8@!E`"``4`!H`&\`=`!O
M`',`:`!O`'``(``V`"X`,`````$`.$))300&```````'``@``0`!`0#_[@`.
M061O8F4`9$`````!_]L`A``!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`@("`@("`@("`@(#`P,#`P,#`P,#`0$!`0$!`0$!
M`0$"`@$"`@,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P/_P``1"`"^`*\#`1$``A$!`Q$!_]T`!``6_\0`N````@(#
M`0$!`0````````````<&"`4)"@0"`P$!`0`"`P$!`0`````````````!!`,%
M!@('"!```04``00!`P("!0D%"0``!`$"`P4&!P`1$@@3(105,19!(E%A%S@)
M<3)2(W2TM39VD4(SMWAR0U,D)34G&"@1``$$`0$%!`@$!`,'!0````$`$0(#
M!"$Q05$2!6%Q(A.!D:&QP=$R!O!"(Q3A8C,T<H)#\5*2HK+"%=+B4R14_]H`
M#`,!``(1`Q$`/P#OXZ(O#:.*966+P8B)C6@EN#A$D"A*E*:/(H\0TMDU]=$1
M)*B(QQ#5A:Y45Z*WOT1<_P!2T7OK>8&_X&PDGLD7<<AMXC==^PFOT_-_#=OC
MK+)`\H:+E2*M9S-:\O&XC8V5[1Y"LL)LE=6''NA$N)VT(P31CEDA>]-J:UGR
MW[1:[@GW0J[_`!'M!@^?.3N,,E<\/YW.\><_SU&-V-;ZO8(?D2FXWY'R%#)F
M,;]ORY17R`L&MZTZT-<R85CR385E*-`1P6%Y6$YZ?QYC+#B.S]J+8_.`\S/%
MS(-%_B`Y7]^<J$#\>'\?4\FNY:W1/*V$+$'$FCK+3;T^LX=E<8?&:,.3#+\I
M`RG_`+Q#>RTW/1=KQFSG]M=!ZX<?EX'-\8F^R\>;N>9:[DWD:SOLV+=\26@_
M!.;V-I0-J0Y+3DD([-L&E'>3%('&1&X@;>K7<'<<\ST?LES4W<<@\F7O#''C
MWNX"K-!9:-X=PG-L[-[R&W6Z$^X+=RE_99?`)29/[MO;-TI+Q$223PF;*@LP
MXK5$7QO[[Y3B/BX^V.]EXCMIQ=Q*?R([.<N>X7*>IAN:#W>],[#D$KD7/C:9
M=YQEIO[!;;9M;5<</%*N\]^X8)G>0=:WJ%ZT5@^1I.=@,?=6>9IO;C;-J^#Z
M;_\`7&MPE[[F\=RG\Y`\B\MVO)XG(']I,FHY4;?'4\V4_;I/+`UK@7AC/%@:
M@SB!B2@,O*(![7662WYO*`?N$/<647M>5ZQ5_%^FY%`N*?FZQ]T/:ZSP0G)T
ME+9`5C\*WA<SC-N(7=QKQH'0!FP$LCAD'@>319S#4_OWF_83$.V)?*>LXHY!
M]U-'<;*0.ST25'%=%D.%]O6?:!0%GL*)]8^5+,^OGK`GQOKJC24:2*CY+:%!
MB:>Q?KRHG/-WSCRL1B[SV]J<5G]GG:CD:F=1^QXS^4.+B^=.&K7D>VX'+SV<
MK>*L#4\5</5-Y4TLN*L4Y'VL-E9DQ(IPM=(>3<D3^%_Q)X\SIFTQ'/,?*;M#
MO9\7/?V_(=ADAO1.?UFO@N/ZFU$DO!<>9[CA^P\@$TCR96<C/5G<DW\>LB]-
M5/A]"V\>G#N06\)"!\BCZE#:S;<C@9>XVT?)8.JU.`BV]W+C-)<4/,^FVG+N
M8>?2S1L@K]+;V%O")%$Z:1OFV&*5Y.U6GZ*$=$1T1'1$=$1T1'1$=$7_T._C
MHB.B+7E@N?>4JKB+/:K6T_(]S=ZOUYUO.%E9;^TX0HX:0+#8C(W%G/Q_6<4T
M%W%9#W-]NQ(QQ[]\<\$47F_R1KV2%+)O7'LK9A2FQ5.%I[F0K5['*90.#=$%
M:$^;CS<W.!V%GH</F\7I^0!*N*WIE4*3/5.J58YF/L$K(DDEC(RPU+[7FZ6]
MS=!1<<CN(WY;Q,`;;;1X5)8,KZ?\S<V5]I*[(W>:_$)"L8X<V9,UCT/+$#LX
MZDLAL#2,L_QC[)F\C7-&Q_'[:+*Z725F)IKM=;!;6T^IL."J;GKY):0:B@JG
MXYV=,+$&M1K4IQA`T,L8WVI39XR,E]?^YQ69?GQ[GC+[<K;,O+#%?97VOT8I
M=)F$W,UZ7IUQ_%.DM,W81`8I2H((0[$=X\[Y)R1FC3*A&3(J.?=*9Q=NN2I\
M*(0ZGY$"RV/SE?<6A%C:T%Y;8^HI;'1MK,Y?'A7PTNH?(;7TPE]-(P9&`H9/
M+'"I&2VM/<-Q[4JZ+/#UYUIFP[2FN&%W-P+%>!#X.RUU&6AF0I<X1%10;-!'
MO$M2K"(N-&E`B(]B]$`7GJ_>`:[R4.MJ^-+-X1%?G-6Q;$G:448V"TN4U6M#
MMK`>[XP`T`]R.!D"$G?'73Y*!)(WR:)C$F6$C)D\Q\C;^MVA&,QMA#6,$K.+
MIY8:Y<BS;Z-W(MURN&76X.?D,H/`Q[*OBXNA4&.VE:#,.8;Y,F)8%&I$L\QR
M_P`G;&TT5P)9\A$4N.P=6>65F\]PW1\>)J1<]II]!!M*K7V%]RFV;]PTWPHW
M/&&URL2-PY4T+G$.A2VQ9L'V!V3_`%Y]@.5[UD68WG&G%FCV8W'%T/GPR,F+
M2<;V6KR^EN+=+@N@T`/(;Q'V+38#DI0HVNJE>AM79S22H;5>+D[V9UM#%H:B
MMJ*ZAUN3NX:.T<%;BZ_*E.79^J:2%5YI5'0VQ+I\A[")"GRCA?;FPD(L<[&C
M$.(`L3![EV='QC?[ZUPDF@`PXDLFJG=IJ^EO[&PM.1^0\#0Q9+-LS[Q[6AA.
MQ#I33)21E$!2=8DL"0BH^B-JGK4<N:<W:4F?N\X#03MY3O.'[ZIK[Q-"&ZQG
MX3$YXSNI"NIJ*C*>@E"*^M*"4:-B&%R/;--&/%),16)Z*$=$1T1'1$=$1T1?
M_]'OXZ(OB21L4<DKD>K8V.D<D<<DTBM8U7*D<,+7RRO5$^C6M5SE^B(J]$5+
M,AS1ZA4-;>E8/(TU*&@V]%V\&.X9-$=456`%P9VY;N!L_ET6N%J:3D:E,)%,
M1"/A(6)T/W(Y`\13JF!0;SA_DO8:_+!X>GM*"^Q%9N=)L-%C7UU!O*JMOBJ:
MF-670YP4#:4(4E=-,'8_<D0)"QD\**+.,1,10ZYYRX+6TE=8\:V169W?'NJV
M.VU-IP[J8G&Y+C9.+Y*L_151V(^ZT&23-<E-,B)G>J`-!D%2!24EA@)JI@WV
M1X16Y,IZ^*\L]76;(2A(SE)QSI[35BZ0S'[PT`TFDKZ.>VK'D9/C"\'9*5'!
M,D(*#JC4G&9,358&_P#8KU=DI1SM')7&8><&:SJ-39\=7!F!MTHK"F*G'HKX
MG/24MC8U6AO`X6PPN=*ELZ2"-%*$+8.1BI./RAQ1M\/FK_#YVCY%S//.ROLN
M2..!4QUVFM\SG-:W:MTK#19!;JSK:7B4ZHC;.V6(HP045\\0BJ5"10#B;E+*
M\G.N&/X0RV+Y3IZ-3!,CJXF9J]NK2HHU@S]/51:W!9;>#"T>=MHA;$DZB"2J
MAL85$B.KBQRYR*>'\A^NX&2SU]>UF6J,QMZ_,\TU"7.2`'"/(O\`08RE`V9;
M'@O"'T%3?[2C::=.YLH"FP322MC:Z1A-5`9_9CU)VU,?M3[FNT&?LY7<:ZDF
MTS=T11.!''!U]:!MJNP`_#S#H#?,,K8CX9#H/O#H88HYH[:&$C$*9S:KUMM`
MZ;DPO'9LNW%.@QN*G.XQ8[D4]X>BEQ-=7XNF+H?WA+0I?33#CE#Q,K&BI(8D
MK0$<3T35?VU]C_7:IS]MI[RW#JZB$S^SZ\DM\A;@&Q?9":&1*"VJ#::*VCJ1
M;:MLZA(YH$&9>1SU_9"O.-2,5^O&G+?KGO1`ZCCZ/-OSPF;&T0Q$.3BI\6`-
M=<B:O(K3B74U<+F'Z&7D3BRS9.`+-(0A%6TAS?!PTLA-5$]/[,>I&8?DR-5<
MY&L=<9@NWSQ5EE$8T'/:N&N.U@KB9*M65)#!KL":^K5<PN.,\=Y,"MD1>B,5
M*Q><."[CDUM$(ML7R70[8?CU]4/E=2MA7WNXH]";!=7%9"`@X`1F>X<M&1W-
MC%$\>NKG_'*P,V%Q9&+*R_10CHB.B(Z(CHB.B+__TN_CHBQ]M55U[56=)<!P
MV%3<UYE5:`$M\QSJZP&D$-#G9W3RA)&F<QR?Q:Y>B)/UWKGQ%61Z2*&@NRVZ
M[-Z+(Z!UUO\`D/12G9[5T&-R^@`9/?ZNRG!=84''U,*LP[HB(XP&?&]CE>KB
MEU(,MPSQUC+:SNJ"E.B+M:3]LSP66GUF@IP\RVP,LXLW1Y[07EI0YO/#%'RI
M"#7#"BP0JD,<;86,C:4.L,!Z]<3UX%E6LH;@T6VQVDX^,6[W.^T12XK6U^;J
M[W-"V%_I[(^OJYPLD`V&,>6+[-T3WCK$^<ATI'7WEO7[BC&7--?9V@M!+#.C
MTX>?0O:[JXKJ,'/5F_IJ*OJ:6ZTMA35U=45/*%X../".R&*$U&M:B0#?"1TK
M:GT_P59K`CD,.9@,]2%UN-X^KK3;5D><L#),B0V_@N&;J<42[J#,?"2$?55]
M1:_?2O,,,--\2$*73T=QK1#AX82KEL1?[/M7+K:(BRM;C2&2V%E7:6COW6UE
M?V1UQ<D7%+L[1BSE$RR1DD,G7S6-&*4+`G<&X*31$;JIKRJCD)(;I]9KUN-#
M92@W%L/M(!KLJF.N9*2Z-H(N0;>"M^[AD_&@'2A"+`(J1-*76/O>`L/?$</!
MD@!+D>&JR]JJ3,$"3'I:5]IB'\?"45N>8?+%89,:A+FF)`)&(<99C5Q?S1/!
M\9R.O/:^M'$-Y6S5=O6;&PB)I];GBCR>6N7)+\O/;H#.UNKSY>G7<_N0JAMA
M,G6HH4A;AHGB,DB8R3NY2.II/Q+QZ10B9QV=9#7U_P`7XTH*QN*_05:PW2:*
M)U7K`+`;4UCX[I/G:Z`R-4=W3OXJK>BAU'Y/7SB&4O\`(NR3DM?VVN4_,QZ'
M4PWGXM=NSDO[K\W#=LM?W)_:#&EU^9^;\PEGW(^Z^55<I2ZDM)Q9A*!\TH=&
MXR<JNIJLLK16MUK"S!L_>:K2U,IAFIL;DDNQ%O=M:$J9(]Q<LA2_)*](XD84
M)>9OULX_J(#R+:.PL]!<;;DC<W5W37FLQK;.PY0T-;>:.I,`S^FA2PS,X^>J
M@Y*XV4L4B&MB69CW.>KBEUGLWZ_<49+15NIH*"T$MZ5POX;Y]KNK*IJ(P0]U
M75XM7G;32FYZO!K@>2[R(8>$5D`[+!Z1L;X1?&1TYNBA'1$=$1T1'1$=$7__
MT^_CHB.B(Z(CHBK"[VOXYEGQ:5@F@M*_?V?%%?FK6$*(40F'EJRY&K:@XJ$^
M<4\""H?Q=9R&I+"U6Q?"K/-7N1A2RE-)[&<6VU'5795U-2,NZP&VJPK"NL9C
M#H+L8:US%0(M:(<*?MM+G+(.R$SHTDU[((9&]!51>_1&0![)</V'[@>S2&CB
M9FVK*BRLC<SJ!*Q)++'Y[<S'PGRTZ#+39V@TXKKPQ[F#Y^9RQV3A7=D4C+,`
M<\\0V=B!5@;FK),LCAZX)&0V*#RE&:.UQ@?F<\)H,`YFTI"*6&>21D$MRU@+
M'J7+%"\H911WL5F(>5-AQH8N?K4PM@%7Z"QLMUF1KMBV.+S.Q$L0,(A$NH-I
MG_NX()2DB;&A"R+_`)D?DI2VBF!G.?%(5H=1R;$(B[KF-<335H5M;6ZO?J-?
MC8A1:RJKS#3["?1\?7H\8T$<A$B4QLK6+"+-(PH7G%Y_X:.-L0@^0\\6M6##
M8&'#3S34B1DX^EY"&$'T,<#J$ZX(P6B!NXP("9#GU)49;8E'<DG12Q3"S6FI
M-?3CWV?,<;6D2EC>4HAM<8(;7&3UUG66E79CAVE/<5-B+*,6&7#"4(3$^*6-
MDC'-0H6>Z(CHBB-ON<W1:G,XZT.<+>ZZNU%M20N'G4:8#'15,V@G(.1BB!-#
MBNAU3Y7L5Z.7Q[^+NQ%"Z+G+"VU03H[62SPN62FI=/5:GD,6#'YZ_P`IHGI%
M2Z$"RM2XXZUAI*I&ZOM$KKH5SXG$!0L('?*196WYIXAHON4M>3<*)(%8YJI.
M'_=%/,4"?L;VHS68@.$'+F*";<WE\&/#)*QD?D0Q5<C5\D(OPM>;N)ZNDL;U
MG(&1N!Z_':/>L"S^CI+JVM,KE([1U[;TE8"?*3;B`S4I4#Y(4=&TB!\:N1[7
M(A2R]5YRME<_R3B^*[%Q[-1O1+8R@\81V@RLIZVVMBF?).7`66Y@-&2Z9XD!
M,0+OMVF/&<<`A10F5T1'1$=$7__4[^.B(Z(CHB.B*@/`'!6)Y1]>.%K[0RWP
M=JS@;<<:#ET=FRND$K>0IQH"M"-Y"D?'L<M!7SLHSU[K6MM#O%CON7=BD[4U
M"?3?A*2\LK\2C96E6-375R,@H\,?]F538"CXNI[..QO<?;WMA"!A,\+7_ACR
MS,R3&USR:R:5[GJ1UC+?TGX=OX$&O9=!>Q^92N;H1\1I(VP7&=R.5U(=>/H<
M5:"T`NFI<#2PK^-C"?3QUL45,ZLA=+'(1TU0N",0!"Z""6\5CO[,>_R'CN=_
M^)>3;[EG+=E0%O\`XFIT1#2__C"(R-OQN17J1UY[S@X*]M=\7)OM[7TG)!;;
M32XZO;@OP#KP?&4&*K[P`T_"'Z\(ZK&RM<;"QMJHJG"M62&2!\L$A'6$I/6O
M,4+4."V6_?KH[::_&W91>2GT8MX9K>9=;86<`*XYN.\["7GG1`O@?5/$CKYX
MF0Q1RP,FZ(Z@\/IK@#8M/0Z>TT%W@2-%EK[$8:8X,FDRUAD>$<!PQ2Z";\A4
MDGV]Z#69"=S12R":"7[GYIJ^0E9)7$=6&XTXXSG%.1"QN6A2.L$+M+"23\=0
M5+R["YL2;2P+DK<K39W.A+*44[QB#!%'C8C6LC:B=%"GO1$=$57N40Q;'V3]
M=:\Z!A(1^$]C`S!I$58R!2J[C*`B"1$5%5DL3U:O]2]%(V%0"EXXR_->4H!L
M9[2,Y!!XS_;#L#:<;ZV!*ZL%#H=#25MER`=Q3MJ.YUF@TN=O)63EBV=&)-]G
M!(((/_\`.(63T*2U'J9F,K58VIH=:<--CY1&T1=O6UYTQ\]=L^"MV*VTC#EI
MGV$G_P#/P4$J0N@5\!$KD\/BC1".L%>>F@-O48[/0<E:$*BQ>!APU97(*6\5
MT+N$]+P.;/)4"Z`#*.'7*:@@X17UDEF';JY4/DKWK6]$=9KF[!\;B\G9#D_7
M<TYCB2ZBES,]61H;.AHKJXBXZNR+MV:IM#:W](6_C^_ET21ZFD^,H<]4"FB>
M"3&L\Q%;N.2.:..:&1DL4K&R12QN:^.2-[4<R2-[55KV/:J*BHJHJ+T4+[Z(
MCHB__]7OXZ(CHB.B(Z(JT>G']V#A?_HT;_?#.BD[59?HH7Q)(R)CY97LCCC8
MZ2221R,9&QB*Y[WO<J-:QK4[JJ_1$Z(2`"2=%6?>^Y7K%QL^>#3<QY*0X=7L
MEK,V01LK*.=G=/M2!,F-=2!$*Y.W8CXD;W[N5J?7JY5T_-N8PQY-VZ>]EI,O
M[CZ)A$B_J-?,-T7F>YH`MZ65:[?_`!6O6*ME=&%6\J:%B2(Q)JC*4L,3F^*N
M^5J7^KHYOC14[?5B.[K^G;Z]7(]#S3M,!WD_`%::S[\Z)`M&%\^Z(_[I13!H
M/\0KA30UU?:C9WDT02RA;/$XVDS#7PQN5R=YV";$M45%;^C//K!/IE]<I1,H
M..T_)6JON_IET(3%-XB>,8_"931H?<'@:\?'%)JRJ*>56HR*^I+45B.<WNJ2
M&BC&UL*,7Z*KYFM[_HJ]8)861'\C]Q5ZK[BZ3:P.08$_[T2/:`1[4_Z#4YG5
MBJ=F-#2:$-/'R)I;0*SAC5R=T;*\.:9(G_3_`#7=G(J?5.J\H3@6G$@]JV]-
M]&1'FHNC./\`*0?<L]UY65'1%6CD3^\_ZU?]&^PG^Y\7]%(V%5T']=/9R#@S
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M!%2%(>,*22^>*9[_`#1[>B/M6)AX5YUM>2,W;Z#85E3B<KN-[JA'YWDG>%7E
MN/J;+F>[S8]OG),O14!(V--W%#!'6E&6%<5!5*LC$9'".XCADI[;@+V'DO:&
MF"MI@ABN%>1:%DC.?>;[C.Y?E%DO%`M+S#/J#L_'>VFPL2T,*@SQ$30G25Y!
M[#6FEG22$T3TXPXFYGPVZV][?;Z\U%?M[/5#QR6&Y'T592#V=OJ]%F]2)C#N
M-LVZA)S4"@4T-7#<VL3Q"_C=/]O6BM4B_];OXZ(CHB.B(Z(JR^G<C(O5WAJ6
M5[(XX\5!)))(Y&,C8PHUSWO>Y4:UC6IW55^B)T"F1`<DZ*JWLA_B<\;\8$'Y
M3B`,/E39"NE&)NONI(N/Z8MBN:K5L1%0G5RQ/:GE&"^(5S7?0Q'M<Q-UA]&N
MN`GD$PKX?F/R].O8N&ZS][8>"9T=/B+\D;9/^F#WC67^5A_-N6E3F#V@YSYT
M)(=R'O[D^IFD5\64K9G4N1%:C_*&.//5RP`$O'3^5LQ+9R51/YI7+W5>BQ\+
M&Q@/*J`EQVGU_@+YKU'KG5.J2/[O+D:S^4:0'^4:>DN>U('JTM4CHBO-QI(V
M7"YMS45$0!8_KV[^4)$\3E^BK]%<Q>W]76FR/ZUG>NEP]<6GN^*G/6%65DZB
MZN,^?#:4-K94MF.O>"PJ3B:XV'ZHJ_&4)+#.Q%5J=^SOKVZB48R#2`(62NVR
MF8LJLE&8W@D'UA76XJ]X-GG'C5?)0:;2F1S6.N!&#@Z@.+OV\W(U(*VY;&U.
MR-D2"9RJJNG=^G5&[`A)S4>67#=_!=-@?=&328PS8^;5Q&DA\#[#VK9AA.0\
M?R521:#&W0MN`]&-(9&[XS:XAS5<HEF#)XD@E-[+_+(U$<B>3%<U4<NJLKG5
M+EG%BNVQ<S'S:A=C6B4/:.PC:"J[<\1GS<V\+152$NM)>)_:*.M:$LB&./?G
M^.6AH(L2I*A*D*WX_%?+S[=OKUX5H;"D9BJSV%'UG%[+BFY'?5<7XNBXBE_.
M&7IXFE;+SQZS7A?(MU/!/$/JKLGA:9C9K0U9"`[:HT,*,C8AJ$PITU64S>T]
MDGZ?\Y>1\B@A7.'X<#V14'"]L:S+<CCA<]6NMQ6+RTLT<=MDX=K-0`F7S&%Q
MK320Q_EW_*VYKB:+#<`7WMEFJ3@G'7V6O%KG!"3:JPVS=69>V)-US)R:/N1-
M&1+A=!#6/QO&`=/94TEAI,VTF8QL43+3LT-"%M5-+IVRS7,OL+J`JW5'W,ND
MSL?'J!<+\R7KPJ,SB3ARENKZEY$BL;CBLJGI"DO2'UPM"?8H=#-\0EB9V`+E
M1N"C-GO_`&LOLEL1'";W-VB<7\SATL^6X]L"[MMYE"N51<)JHC-'Q90@DZ36
M"Y[/O&4:.&<F6P5D.5@C(98@$T6R$9?(>!WG-+WAB7Y28O@(D[L:OG/!\(WP
MS/\`U<SXX_%W=/%OZ(4+]NB+_]?OXZ(CHB.B+&W-S4YZIL;V]L0J>EIPB+&T
MM+$B(0"O`$B=.4665.YD4`\$3%<YSE1$1.IC&4Y",03(G0+Q99737.VV8C7$
M.2=``-I)7*IJ_=W:\B\$\><-X,PG+\8T>:CJ[8D&64:WY`EC))^6:S(;\<XF
M:<KE2`!OC\[5^0KR<K(8.KZ7TVNFN&1:.:XAQPCW=O;ZNWY)]U_<V3F9%_3L
M61AA1+$C;9W\(\([]LMP%4.MTN&1T1'1$=$5X.+?^0LY_LQ/_$"^M/D_U[._
MX+I,+^UI[OB5/^L"M(Z(CHBFV!Y$UO&6@'TF/MIJP^+LR>+ZR`60ODCG@V@2
MN2(T23_1=]6.[.8K7HUR8[*H6QY9Q<*UB9F1@W"[&LY9^PC@1O"OO3^QF2Y.
MYEX#U$GC2W&0XX]CK/84+WRD/KQPJGC8J2R!=%"\@ZJ(B&>K',C=*QR+&YJN
M\5?H\C'E1)CK`["OI?2NJT]3HE*/AOBW-'AVCB#_``*E6;]T[;3%D#@\99R2
M//VVJ&V10_*)<S0:?..]?)H+7-AS<;"6MN9;U_/3)&!6P^??%+4R,<_PGCE9
M76V;M4KQWM!^=TNWN="W/47'^+X2.Y5L:JFTD6NV%*'6Z+1"V,>YHAL_6'X_
M8U5=FYX#*1LY_P!N?%,/\KIH']2H9)BI]H^:`*;'QW5&RQV6>N=6;R1G-)77
MO$!EX-=X('1X6HJZW3\8V=M'C:36:Z:B6VAA'E,FRDA+9RD<4)-"EDW8?:Y:
MHS5!WM3F`Q<;+R63?2Z'D=HVK)BR6IYTKXOV5CJKC6,W8YH03B"17$Q(PR`1
M"41EB77D*1*ADZ^#^8&<QT6GL7TX-'9Y#8DXNZ"JM%'J:M;"'.YK413@6_XN
MB*?%+5:H;Y(B0A"8)T?')$BM[J0Z)U=%".B+_]#OXZ(CHB.B+G<_Q,_<2WY"
MLM!PEQ01`?DL6XQ+R2,U!`]_O*MLCAJB6R8R;X\Q1V<+84>C7,E+1\RMD9$.
M[KJ>E8!HJ.5.#WR'A!W#=Z3[!Z5\F^[?N".=ECI5-QCT^$P+)#7F(.K<1#</
MS2[@5I:X*&W07%>4!Y(SP67UX0Y@ME3`60MJ./'#9&-`D^[").$60D#XY'-C
MGF1KG=O)%[M;M,,7#'K%\!&T;0[[]/8N5ZS+"GU+)GT^\V8I((D08DZ!]"`=
M"XU`3<ZLK5HZ(CHB.B*\'%O_`"%G/]F)_P"(%]:?)_KV=_P7287]K3W?$J?]
M8%:1T1'1$=$29GV'L/Q][:>N6ZXLR-,;QUFJWD2+D79'7X8I5*MW7`H#4NS\
MEB)8VX-Q-3PP/0>`I%2=ZO<,L;)NJUU<K9P@8`U,7.\=RW/3LNK"Q\F^.1*.
M<)0,(L2)`$\P)V,Q+N1V.5TO<3;'&<H8FHV.:K*T6$L5*P^N8*'\]*<%\+BZ
M(CXH8_\`5B2HQ\2>+6R0NCE1J(YO6EMJE3,PE_M"^B8&;5U#&KR:MAVC@1M!
M_&H8[TR$K:YKR)&@!-D,?\A;T%@1Y4G:)/D(<D?E._M`Q.[NZ]F-_H3K&KB^
MY0@IY/FG$%FE5C8UEE'BDD^-CGN9'YO8KO!CI'*B=^R*Y?Z5Z(OAU;7.ECG<
M`$Z>%AT<,SA8%EBCLY8YK*..18_.-EA-"Q\Z(J)*YJ*[NJ)T1?H*$&#&L00@
MH<2_%WC%@B'C7X!H`X.[(6,:OPB"Q1,^G\L<;6I_*U$0B]/1$=$7_]'OXZ(C
MHBI)[[>PL_`/!MA+0&.%WN_GFR&/FAE2,JK6<626\TL/T5R.HZY?&)[?JPTD
M=5^G?K9=+Q!E9(YQ^E#4]O`>GW.N9^Z^KGI/2YFJ39=IY(<1IXI?Y1L[2%S:
M<15&:T/*G'E1MRP!,?8[//1:XFVN8L^"F:6U&DOVDWI!`L=5]Q5ME8TATL?Q
MO<B^2+]>NNOE.%%LJP38(EF#ZMIIOU7QKI]=-V?AUY4@,>5D><D\HY7',\M&
MT?5TU>1<MF!_V'I#\IQUG.,[.RT%38:SU[N=[LIC[BN%K"3,_9@<O<AVTM==
M4L90\L+4;7PD#'/F8\MK6?'AJG,^;`63-P`+3$1H7U\,1H?3J-ROYE%`_:W3
MHIAA2E(&>.;)N0`3$BVPM(."/I!$G>6C13V/R62PW,>KS&$!-KLD`)D2*42R
M+E.L606V*SMQ-*>3++-\AI)9\DLJ,<D37O5L;6QHUJ>\2RRW'KG:0;"[^@D*
MOUG'Q\7J-]&+$QQP(,"7.L(G4\22YW<-%83D'@?/"XCDNPH.-I*3(8#CW%;3
M!<Y/NM.1!RZ9:7.!I;L*5;&Q)QU@.:+K#"XH*8`,FH(#B%-D>Z1>JE65,V4B
M=SV3G(2@P\+"1';N`U)=W"V^7TJF.-FSJPN7'JIA.N_FD?-)E7&0U/(7$B0(
M1!@0(R)=4+ZVBY5'1%>#BW_D+.?[,3_Q`OK3Y/\`7L[_`(+I,+^UI[OB5/\`
MK`K2='&M1DR<[H+"[CX[-N_S^;K*8+D'2:>E"CKIP-'/<E0BY"[I;6660Z.N
MC:1,YP0[5D^16*YKDP6RF)1$>;E8NP!X-M![>U;/"KQY4W3M%)MYX@"R4HAF
MDY:$HG;RZGPC5U-!L)G*"RQ]!ML1%%<\D[B_HCXA;:ZC3C^L&T,&8#CR/QWQ
M,-F8'92SS?+:R6<,XT4#457/?.[P;)2$Y5V>&,0=VNCZZ>YE9&+33/'JRL7]
M2ZV42QE^F!+E')XM2"Y>7,"`.TI+TX]!0:FQ#UM?/=CU*W(,%:.3]B'8WHR3
MAUD=J:PX`D2C^_1LA+X)F3_$U6L<U7>;<\N:4`8%B6]7S6MK%-5\XY$#(1Y@
MVP&0T#EP1%]K%V4BY8S5=GC<G/75==3KH<>)=V0-!<SZ3+06C[J]KY8LU?SV
M%RMD"T&O'6?L<:@YSIX?F=\?9OBF1D)N26DVH8[!M&GN&BS=0HA3+',*XQYZ
MQ(B)YHOS2'ADY<,`_BDTG#Z)R^G7+$F"Y(ARUF6L>8WKX*J=DK^PX6A15;1V
M#?)>T2D32*)(J=D<V=KG]TB;VPYM/F5<X'CC[MZV7VYU`XF:*)R_0MT[I?E/
MP].NQ;DNM(OHZ.B(Z(CHB.B(Z(O_TN_CHB.B+FD_Q-.6)>0O8^QR@I*RT'%%
M6+DPHV2*X=]Z7%#;ZDMK%7^0EII,8$OZ=_Q[?\O78=&H\K$$R/',OZ-@^?I7
MQ?[USSE]9GCQE^ECQ$!_B.LCZ_"?\*HED-$W)Z6GT4E#GM1%5E?//GM77):Y
MZX&?')`2!:!?)!*^">"5R))%)%/"_P`9(I(Y6,>W9V0\R$H<QB^\:$=RY;'N
M_;W5W&J$Q$_3(/$C>"/DQ&T$'59GDWFO+NR^:QD%=EN*\0)I+*X`JRM,601H
M=GH`:VOG)+N-+8?)8%Q5E+%`$+`R-L,22+XODDDD=AC"-,S;=<]DFBY8<2P'
MI]*NV76YM,<7"P3''K,IF,>:9<@`RD==```-`!WDE>?D#FNATVUT>OW`N-BL
M;JCH\^RO,O#J@:EL5SH>5S%P(UET&5+:2)GW2C0$OF%)G9(U8I&M5J3&,**X
MUBY@#O;5R2VO'7MX*+;;\_(MRI87.9P8,),.2,8\P8ZF(8EW&NH93"XYFKKK
M)7-)F\#B\I8:L*@H=QH\L^PA2^$QA0+_`,<+2,-=G\\ECHZ`8^V8-`BSV8;7
M-2!J/B=$*&G&9NE*,26!;0EP==I;4!]@XJ;\]Z+*884*K+(P$Y1<<T8L0T7Y
M8B1$9R8>(@$,-$FNK*UB.B*\'%O_`"%G/]F)_P"(%]:?)_KV=_P7287]K3W?
M$J?]8%:4USNHIJJM(JKO%46H@DL(;04HJ4^KMA2(8'CO#=:51`Y1-*6US72B
MO7Z2,1\3XG*]7>)0D2\9D:?CTJU3?77"5=N-"P.X)<$=CAB8G>/4VJ_8WVVR
MM=?6SMG><7D[7%6=GR2*ZYTX-18<??FGU<GY.SI/S$")E@3&`SA-.8D$,RL_
MG?'*L;L)KK#P%K#E`(<;/AVE7X9F9887RP_,GYAE7)I,)'<&TD`SB.XC>'"A
M^4YLP$)P[0#>/-*09G)G7PS]0AY&ES^T-CBI[J1!;QTE<DQ),$=::$V&.:9(
M_P#QG.5'Y"(RT%G`C9I_`JK7*V@\T\-P1*,N82\6\]TH]C,SG>I/KM>[31T5
M>)4AT%!F*Z>MHZ<.8LOX&&6!5J>68<?-,4;8''&.<]_\C&L:QC&-:WZ^H0Y>
M8DO(G58<C(\\50C6(50#1`<[2222=223_!1".22&1DL3WQ2Q/;)')&YS)(Y&
M.1S'L>U4<Q['(BHJ+W1>O:K@D$$'5;_N&]O_`&B\88S8/>CR[6F@;:*B(U/S
M->^2LN?%B?YC%M`Y58G^@J=<[?7Y5LX;@?9N7UKIN5^\P<;(_-*.O>-#[04S
M.L2O(Z(CHB.B(Z(O_]/OXZ(O.65`"*2:5(D(H8\Q1,JHYR10#QNEFD5K&N>Y
M&1L5>R(JKV^B=2`20!M42D(QE*1:(#E<86VU!NWV>MV=DKG6&MTU[ICE<OD[
M[N]M"K,A%7NO?M*4J=?0JX"NNNL;(Q`]09?G#)OEE9.1DS^NR<I'OD2?BHL]
MJN8]K7NC<YKFI(Q&*]BJBHCV)(Q\:N:OU3R:J=_U14Z]K`-HT5>[;C'<NJOQ
M27L.[&LC-?#>_NRTI<Q9?MK16TIDF<J[[,\6V)8U5H!7QI;Q-BBE60>%!9X(
MX_%:4L>[EY>?G!,GYB`6)V`B!T._N#$+>U=1P_-\SR33*(AR\@E,<\8MS&,[
M@"8E^0N0Q/-&1*_9O#5D^_Y`N+._$N6ZT&J_&22"FU1]=;A&;J)L]G/7&]KB
MOK<]KF`1#O[1%APH/,UD;4<Y^UESW2E,'F`;<Q\6UCJ`)-VC0KR>K5BC!JKH
M,#5*3ZB0,2*]`X\),H<Q.V,CS`DIGXNFT%$%85]Y9CV0\=G.E`D+&?('1M9$
MP,6>5H(,CY&HQ55)E+(1RJLA<ZN3PL51G`2$Y.'T[OQW]Y6NR[:+IPG368RY
M1S=LMYVGV<HX1COF/6554=$5X.+?^0LY_LQ/_$"^M/D_U[._X+I,+^UI[OB5
M/^L"M*!<F92\VN)O\WG=?<XBVLZRQ%$NJ2.A?/\`*56F"1"%NO\`/:6*&NEG
M(8Z60:&,QB,1896+W[^9Q,HD"1!_'>L^/;"FZNRRH3@"-"_'L(U[RW$)(G\4
M<E3ZNTLYA,#IPJW[,O&6VCO759Y%S'!EEM]1J,UC^**0!O(UV^A="-H(K(F&
MB9$'*)5N="1$5A\N?,3H>#^C4@#;VOIP5R.5CBJ,09QD?J`#AO$P!E,GD#ZQ
M8<VH,M0WEK/7S19K+Y]N7O0Z_;4P-I+-;NM+`B`NQ,O:4@(29+JFT5`<0'FJ
M]!I[XNB(LK&TKZ^R)ADDA="X*9"(Y3XA^/=O9W8J99U=ED_,K>DD:-L`!?80
M=I<1$@`#*(.KJU0##8@0HK(B`NQC$&8>6*,X,8HUD+&E$#B/G*>+!-.CG,C6
M616-5&JYW;NM@.P?:M;)C(F(:+Z+U]%Y6V/T)T#SN-]3GI7N>[/ZM2AT7](@
MKRN&>R%O\/'[VO(?_ED7K3]0BUL)<1[EW_VG<9X5])/T6/Z)#Y@J]75!=4CH
MB.B(Z(CHB__4[^.B)5\Z6/X?A+F*V^5T'XOBOD*Q^=K/D=#]EDK<GY6Q^+_-
MT?Q=T3LO?M^G6?&'-DX\>,X^\*CU2?E],ZC8[<M%A]4"5QS]=^OSLCHB.B(Z
M(CHB.B(Z(KP<6_\`(6=3^*#D=T_BG<XIR=T_AW:Y%_R+UI\G^M8NDPO[6GN^
M)4_ZP*TCHB.B(Z(CHB.B+8U_A\3R-L>5!D[?%*%CYWIV_F^0>?1QQ]E_@B-*
M?W3^/TZUO41I4>T_!=E]H$\^>-S0_P"[YK9GUJEVZ.B(Z(CHB.B+_]7OXZ(E
MKS-6277#_*U-%`PF6VXUW59&-*SY8R)#\O:"L@DC\)/D9*Z5&JWQ=W1>W9?T
MZS8YY<BB7"<?>%2ZE`V].SZP',J9CUQ(7&[U]`7YU1T1'1%[@*RRM)?@K0#+
M";Z=XPQIB7IW_17-A8]6I_6OTZ\RE&(>4@`O483F6A`D]@3(J.&MK9>+R1A:
M>%W9?.Q);\JM_BJ#"(5,UZ?Z,B1_]GUZP2RZ8["2>Q7*^GY$_J`B.WY!,ZIX
M&IX/%]U<&V#T[*L(4<8$"KW^K'O?]W/(SM_%JQK_`).JTLV9^B`'M5ROI=8U
MLL)[M/FK#\<\-Y-LS#X\\#$`*_Z3D1*667,Q458XB35(G;$CO_$<UR)_W4^O
M?QHWY5K-YAYENL#IE$B)^4!6/23Z3[50_>7Q)?(.RMZ\H@1"=-<N%>)/+`Y@
M<=A/&%&Q\3HU1D(K&-:B=D1$^B)^G6ZI@!15&0=HCW+ELNTRS,FR$B`;),W!
M]/8OX!R7N:[LD&B.F:G;^4_X;'NB?P5QT1$B)_D<B])8],MM8]&GN7F&9DPV
M6GTZ^]38#G?2P=FGUM2>Q.W\T;20IU_I[O;-/#]?ZHT[=89859^F1"LQZG</
MKA$^Q3<#GJBF[)94MF"J]NZBRC6$;5_CY.D4"3Q3^IBK_5UAEA3'TS!]GS5F
M'5*C]=<AW:_)38#E3"6'BC+V$61?UC/@)"\?_:FGA:-_V/7K#+&NC^1^Y689
MV-/_`%6/;HIH%9UMDWSK[`$]G9'>81<!3?%>W9WE!(].R]_UZQ&,H_5$A6(S
MA/Z)@]Q=>[KRO2V.?X?`LKC>4S>R)!&+D!554<BNEFET<J(Q?'P<D;!U\OKW
M3R;]/K]-9U$Z5#?K\%V?VA$\V?+<T!_U+9CUJUVR.B(Z(CHB.B+_UN_CHB^)
M8HIXI(9HV30S,?%+%*QLD4L4C59)')&]%:]CVJJ*BHJ*B]%!`(((T7(/LN!]
MSF^0MMC(Z>>.'*ZW0YUA]@^,.`@>HM2@1S85(>V8D8N"%LD;XV/1['HY%5%[
M]=W#,IE5789ZRB"P[0OSYD]+R:<O)QO++5V2BYTV$A^UTW2/376YRCQ-]L;J
MO@3='7`5/344L-@<B5#:'O,68KU&#^\??1I%&Z-TO9BN>UK58KJW_DX2E9&N
M!\(#D]K_`"5^7V[D4U8MN18!YI(`CJ=.7:=S\V@VIB7OKUQCQZ3.")?4FVN:
MVU)JK`=P>CD^WE!DGA(G<ZVJ:ZD*@0B#P18FN5WDBHBM^O6`9F1:'(,8D=G^
MU6[>DX6)(QC;&RR,B#I+=W@`Z\$UZ3B0HBCI)AK;-5-EI*JTN<GCWLM(+6ZJ
MZ>>S$((@42GDI*[[LBE)C#:23"I+H'(G;O'\E:5WBDX)`+$\']+[]5?JZ?*5
M51%D(SG$RA#5Y`.-PY0[%G(=NYUKUE5%2K+9J:_+\G^45<.Y%*G[+_.J=E^V
MA7^,SVK]5_1C?JOU[(N.RP0'\RM8V-*^3G2L;3\$ZK4H?.9ZS/BCCA%I*<XY
ML?94C9%7ARDJB]D<Y6HV+ZK]57^M>JD0;)QCO)]ZW5DHT462`:,(D^H.M)SG
M.>YSWN<][W*Y[W*KG.<Y>[G.<O=7.<J]U5?UZZY?+=NIVKYZ(GM!Z\;Z?,\3
M:1?PXO\`;+L#<AD:L^P:";#(+!GB(+J]>2R,2FI;(?20SP22R(]PB?<>*020
MODK'+JY[X:_IQ<^W0<3IZ]-JV@Z1EFGI]WA'[FPP@"6.G+XI;@#S`A]VNP@F
M.[GC!N1H*;64VVRF^R]Q>7F7;<Y=FD$8'H\Z)3'V=<0#JZ#.6;X'@WPTPQ,4
M,D$\;U3R9(UT:>JKO,E*$JY1F`"Q;87;82-Q6'*P?V]5>17DUVT2E*/-'F#2
MB`2&E&)V2!!9CWZ*55OK]=65&"2S7Y"#96^!MN4*3C6?]S?NFUQ-+76]V8?"
M?%G),E#92YZB*LAP9+)I$X4/=$25\,4O@Y41(CRY>6)")EHP)8<7VD!VV^E6
M(=)LG5$_N*QDRJ-L:_%S&`!D2_+R/RQ,A$R<@<2`4&Q[XW(]CG,>U>[7,<K7
M-7^E'(J*B]6EJ02-1M4IK]SL*SQ^ST=LUK$1&Q3E/,@:B?HC1S/G@:G^1O6*
M5-4MM86>&3D0^FZ7K?WKH@_PP1=`;P%;[72/28O7[BT;6D()"*A-%GA`JF&5
M4@9''(J7C;!BJC41%;V_5%ZY3K')'*%=8TC$/WG7W,OKWV1&V72K,FX^*RTM
MHWAB`/\`JYELAZU*[)'1$=$1T1'1%__7[^.B(Z(M0?O!@GYOE(?7C0^-9O*R
M(E\C6JD;;VEB@K;*%$1O@U9`D$G5>_=\DKU[?157<X%G-48';$^PKYW]T8AI
MSQD1'Z=L7_S1T/L8^DI%1::C_9O$U.MN0#89OD#9W5W*+7/,*IZRW7CU*^S&
MA+CBKK(C_P"AE/9`DJ]W0HDG@CVJZQRRY[I<NAB`.UG^:U0OJ_;=/K\PB<+I
MRDP<@'RV(?0_2='W:[5+]EI0[S._M[4\H@;VUM-W3GT>H>'IR(<1E$@N1KR<
MMQU&+:#"VTUB),M0#!,V#[%[D8DCHVO\0B8RYH5<H$2XTU.C;_:>*LY-\;:?
M)OSA;9*T&,FEX(:B3O$%BX/)$%N4Z.SY/";ZCS-%G;<W1Y6TLL95:H*KK[/,
M74FR`*+(NYJ6IS5G'`ZB)S=F59(3+.>K2:]92FQ,1RPI)YLKE.4HB!`D1O#;
MG?>_=MT7O$RZJ*J;)W5RG7&8`,9<X)=A$_3RDER9:Q>3;GK]GZ$J_.:-#W9!
M'XO+)5/Y8(57LO;^#I7]E1C?XK_0B*J6)S$`YVK5442OGRQ^G>>"L,``+6"0
MA!QI%!"U&M3Z>3E_[TDCD1/.21?JY?XKU2D3(DG:M_7"-<!"`:(2QYUM/P_$
M>[*\E8LU*ZK14[]U_-DCTRM_E^O9S3U1?X=OU^G?JQAQYLJD=K^K7X*CU:SR
MNG9<N,6_XB(_%:B^NG7SE9:@-K:V]I;&YJ&Z"G`MJXVUH7&S5S;NM%,AG.J'
M6`[)9P&V0L;H5F8USXO/R1%5$3KS($QD(R:1&AX=JR52A"VJ=E?/6)`F+MS`
M'4/N<:/N5T=CS+P9RKALA2Z>LUV1.L>>M9J-6RNT/[A*R62NLEQIGXKBF'7#
M4U&54PB9W[("G'<R2O'JO%K59-`UNOKQ\FBRR4#&0%0`T9R#(L?$2^KD[W["
MNDR.H]+S\7'JOA97,Y<I2:7,80E"N+CP")#1Y8P'TB'`A0[<W&/M.,N-N+;C
ME;$:.YSNPN2*O7YC,ZX',8WC\G.58;0+N-N&S]WHKN^N*V*99$K2C1V0]B)W
M+)\<.2J-D;KKHT2$3$."0YDYV:D``=H'`<:V59CSP<+!LSZIV0L)$XQF(PK,
M0&EX(RE*1`/TF0;4ZL/6"7QQDN*H0^-^6N+*?::K"$,Y*MM'G^9R>1I2+<4I
M]KQCC9Q>)[/$9>HD!E97%&06'S6DKI4E.B!D^'KR1=9>]U$S7&7A`,.739(^
M)R=X#:<'7J,L/'P!'"SZ(Y-E7ZAE&XV:@O5!JC"(;PDB3R+O(0+*GW6P7/+W
MU5787EI6TM2)*?:W!X=76`P(BSF6%@1&($)"CE:BRD$S-8WNJ)W7J)2$8F4B
MT0'*]5USMLA57%[)$`#B3H!ZUV%<(\:A\/<2<?<:!+&],AF:ZM-GA;XQFW+H
MU+O[%C.Z^"6=X201V[KV^7MWZX')N.1?;<?S2]F[U!?H?IF%'IW3\3"C_IP`
M/:=LCZ9$GTII]8%>1T1'1$=$1T1?_]#OXZ(CHB1?L3Q2WESC2VHA8XUT58OY
MS+2N\&K^8"BE3[!TCG,1D-N+)(,JJY&,?(R1W?XT3JQC7>3:)'Z3H5JNL8`Z
MAA651'ZT?%'O&[TC3V[ES?<K7'((0PX^?KM#CB:'E_AFHM33ZO-VT6PRE[R1
MF*+:5E4*-=6=O10BUMG,PTD\$,F!L3UA9V7YX]U.4B`8N/%'AJ"0Z^<8]=0G
M(7-(FJS3Q`QE&,B'<`$N-`">W@JX5>OYZO+WEZ.'075:'F]!;65:)+6UKBA0
M*O8<CU%-FHQ)L$U`;:RI&9TL2NB)MFZ$,=)UL:U;!_GB$K2;-2P/Q/9W<7XA
MU>E5A0ABDP!,H@'4[3&!)^K8#S`EH\I+<LN56_X7NKCD@>RKIJ6_K;NBT=G1
M7,MR`@H,YD,S22S*"2-SI2,R/*6HX2SMB-6&)B31I([N[*+&B3($$'\,J,\4
MFZN%4HF,H@AMP_F[>+:.=%>K.XBT#DDS5/17!EJ$Z=+``:L,(M6DBN^(UY@4
M,,A,$D$K/%[7-3XNWBO;MU3G8)>.4@RW=&+*L>155(S&T,7?>X_#+U#UMB6>
MRK$`-*LY)G#1UPXL\Y[R&*Y'CL$CC<0Z9JM5%8C?).R_3J'`#DZ+V(3E+DC$
MF;[&U]2K-[F#7F3XV"J+NHM:4N_T-9'&+;5YM;/,"+#8G/(CB+B@=)"TH%C>
M_94\E_I3Z;#I8C/(,@00(GX!:+[F%E&#&NR$HRG,:$$:!SO[0%J]ZZ%<&CHB
M2&KW^[@BW-=1<=ZF(JHBB&H]"K,E8!/4CO')<PUT.NFL#VP0>18P\@\'R-C2
M(A8'N[)4LNN`NC"B3C8?"?2W,YX@-WLMQC8.%(X=EV?68R+RCXP=/ROR,'^D
MD$L[Q<*!U6JVVJN*RKKME8U%Y/F:`Z]IKX.BI8(GEY&EMBZBGAAH[:R9?3DS
M2ED6[D>"#$0HT8I,T;OML,;+;)1C&TB?*'!8?E!8:$OOYM@V,=UVW&P\:JRR
MS$C*D62$91,I'2<HB4O%$<H#1$/JD1S&40?$U^.M7;6\A5+?AW:W`5;4'SVI
M5;"%4F0%UH/P2A_"V!\4Q[7?<RQR00_&5(0.SR01W:S19*3QF#S`#5M-GX.S
M:XW+69^-54(W43AY1E(<H+R#$[=NS8""7`C(_4I!;\B8JAUV:P=OH0@==L(3
MI\W1RH0I5I#7123%R1OCA>/"D<<+_'Y7Q_(K%1GDJ*G7N5]4+:Z93`MEL'%E
M@JP,N[%R,VJ@RQ:B!.6C!]G;ZG;>MQ/^%[ZZ3[KD>;G#1@*N0XT(=!F_N(7+
M!<;V<=%@D@5S?CECRH)"%/5%\HRY15;W\7=M3UK+\JD8T#^I/;V1_CL[G78?
M8_1SE9AZG=#_`.O2?#VV?^T%^\Q70OURB^N(Z(CHB.B(Z(CHB__1[^.B(Z(C
MHBU5^_/KSLH<ON>8>#:VH*V4N;ORIZ2W86E$S9-JRGY_36K*]/O%SY-ND*7/
MP]I8X_*=O?RE<S9XF2>4TDCG;POL[`5QO7>CU^?'J,(R\@R'FB.T!]91[6=^
MW7BVJOUJN.1N1.%^)M'R'%12\@;'&TNAN6YF*<>F5;L5+2OEBB)?(X:7\.3`
MXIJ.6)A'R)'_`*M&]7ZYR\F$[".8AURV915'/R,?$$C6)F(?;IH?0[^A;">-
MQ9<-85D]3)"VS<4,A!TH8A3GO?-&B_%&9`1'$V+_`-VJ)YL_5%1RJO52V7F.
M^Q;G!K_:&'ED>8^I8'W^Q66M%&67F1D-$9I;)>7E4NH"G/@?)5_?ZK[8N?\`
M%HEA**+8IX^+7-C0F:!S_)48U:P_TO$PY?DMS-GSP*S.?GZ@/L>6NFK`^TA1
MF>LM:WDR_+"J;?7Q,36!]BK'XC2BWY6=MP"MN@ZI9W><@M/*:&!BD2.B14:W
MR1>O3@UQ!(&SW_%83"<,RV482L'B&W4GEU#[S%]0-=%KD]_X@*\3AX8.M(SQ
MET#J[NWSA,I<RA_:V`534V`SCD0V$.RCC(\8YED>CHG.1ZL<U$W?1P3^XD2X
M#`'UD_!<7]W<L8].C&!A*0G(QUT8@`ZZL==JUN];M<6CHB.B(Z(CHBRW$7KG
M8^R7M/PIC:&NIX[B*GY#.+UMB`$3/D,Y!#FX+BV&EF6(Q[V#G.BC'@D8\B2=
M&*K6.>]NNSKZ<6=.19$&0$FXOIH#N72]`P,SJM6;T[&ME&N<JS/4\HB#)R0X
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M]K=A.I'PT%)L5O\`F3.\^^SC>;MKQ52<`8H#C>SXT)5_[=M,X+IH+*`Q^POK
MA`:Z-9CZYS'?+/*BSOC^%8VN6/K(#+FGS$<FC*E.NDT8WDPF<@F7-O=N`6;W
M/MN+QEG>==?;96Z"(XH/6KRX4>IH&6G+!!F`_?\`"52$UYQH]35F4\19+W3R
MREQ5@4Y4HS58H_24P!)X[/:E6-.<Z!"W6>TZ^'5M>/S+.I76\_.AW)64TE0/
MB0TT40F4TE]I#*@#3!3DV%9!9TY-SGJ6GL;FRMH:MH0=4?9J4-;PO2=LXY8H
M\\VK$+QY)Y!.$R2SD#<?07V.Y(&SN*JG[>79%QRNR(@B8F6KS54)-)/*^:5\
M\\QMBKY))'/>YZP&1M^J_P":U.NBZ9'EQGXR/R7SW[CM-G4`"7,:P/>?B%5K
MK8K0HZ(CHB.B*RGKEZK\H^RVB;78ZM?79@(F.+2;NT'F;G:*-?!\L394\/RU
MRL+T=$#`Y97>35>L42K*VGEYM.'!["\SLB-I^0[5N>C]"SNM7<F/!J`?%,_3
M'YGA$:\6&JWHX7U^X]]<^9_6/%8(!Z++D/8$O0Z(](I+W46K0.+V+86Q,;(V
M^$37*T<>-&P#1JJ,;W<]S^.RLJW+M\RT]PW`=B^V=)Z3B='Q/VV)#ME(_5(\
M2?<-@W;UL'ZK+9(Z(CHB.B(Z(CHB.B+_T^_CHB.B(Z(CHBK1Z7?W.O4[_P!-
M'!/_`)6Y7HI.TI,S<)YGD+V8]E)6O?07,./X#F@L0(8W033E!\E?,^R`[Q,,
M=)\#>[VOCE543N]43MUEKNE`\0M?F=.IRH@_39KJ/B-_O5?N5?2F(L+95VNX
MSIN0\]MNS]-,.++?0V*P9]^8A,4&5/R=*>-G97#H0-%"^)KG*R7OW>MJ-E4W
M!VGBM%;A=0Q3&4`3&.PQUWOLV^L,E'H.*,+>OA@O<L.Y0/P8\0K)#ZN,<7-0
M7P=55*(`2'$E/'7ZBR$G!<W[0L,Z<<B.6"1T:Y6!W+7BRR!(YB#K[6]N@[7"
MUB\YVGY?ES>%^7E\5Y)5]^R)_P#9!QZ7Q[(J_P";^/[?U]OX==3AQY<6D=C^
MO7XKYIU:SS.HY<N$V_X?#\$I^K*UZ.B)R\8>O7-7,D\4?&_&^GTHLLK877,0
M#@<V/(YZL\2M+9N"H17(J*JM>0CNS5[(O9>J]V7CXX_6NC$\-_J&JV.#TCJ7
M42!AX<YQXLT?3(M$>M;9^`/\*&OKIPM%["Z2"Z>SXIV\?8\@J"L\^S7_``W^
MH<T4XMJ=U9)`#'`B.;W:4]J]NM%E=<)>&)!OYCM]`^?J7?=)^PX0,;NKW"1_
M^.#M_FEH3W1`_P`16X/-9C.8VCK\UDZ.KSF?JH&C5U/3!#U]>'"GU5L(HS(X
MFN>Y5<]W;R>Y5<Y5557K03G.R1G.1,SO*^ATT4XU4*<>J,*HA@`&`]`2%Y$_
MO/\`K5_T;["?[GQ?UY68;"K+]%".B(Z(CHB.B(Z(CHB__]3OXZ(JXV7LMCZ/
M8[_':``W/R\?[;+9@VYN3*T&DM*/1X+.;DW:UITA"Q_ALFF@0*VBE^,@&1L4
MTK6P&"/E*67KMO:#B&H1(G6.K/M&VF<J2\[6\<\@D:BK(U&KP^0K'W.<DS,%
MQ4->=R-4$MC(AC(GKRVDCQS1JBJ1E+.)N8<GR_GZZXS[C@[`C,9+4V>?MJVT
MK;"J!V->09531OL@`(+NKF)KS18K$%9P)R0"8XY7/AE:PH2_]+O[G7J=_P"F
MC@G_`,K<KT4G:4<=_P!Y_P!E?^C?7O\`W/E#HAV!67Z*%@[;,YR^:K;NAIK?
MNWP[V5:&:]$1.R>#R(9'L5O\%145%_3J1*4=DB%CG35;_4JC+O`*K!HO0[U+
MU5@5:7/#E4XXTJ<TN>MT6TH4G*)>Z2>:2*ATM;`JRR.5RIX]O)>_;OU>AU/.
MKB(QR"P[`?>"M'=]K=`R)RLLZ='G)<M*<=3_`(9!8.'_``Z_3>"6.9G#<;GQ
MO:]J3;SDXB)5:O=$D@(VLL,K/Z6N:K5_BG7K_P`MU#_]'_+'Y+$/L_[<!!'3
MO^>S_P!:;>1]6?7/#/BFS/"W'894"L6"P,S8%U:0.9V\70VMY'9643_HBJK9
M455^J_7K!9FY=OUY$V[V'J"V&/T+H^*QHZ;2)#>8B1]<G/M3YCC9$QD43&1Q
MQL;'''&U&,C8Q$:QC&-1&M8UJ=D1/HB=55M0```!HOOHB.B*LW(SFL]G?6M[
MW-8QF+]AG.<Y4:UK6A<7JYSG+V1K6HG=57].BD;"EO@?>'`:G$V^W*8#:UL?
M(@N>H4P5_G;^6;$:O)F<@\?:W2-.NZL7-G6F6!(%)K7D2'.O1'@"PS%RPC*1
MDV,I[)8?1:O)X5SR$T.NEL@ZN9DN>@@EMJRHO]*15R9]=09MA6Q9G/RE+8/K
MEIU<YD"&?=/0=",K$]%".B(Z(CHB.B+_U>\&FY(Q%_9[6GJ]")*?QY<#T6OC
M(C+KX*RP)J!;N+X3;$<0&W!:(2Z*0L*0@2(X4L)\C3`C((")<[;@3A[?G%G:
MT1Q\]CMR+\]K;XBO0ZXL^.J;C2QS)3@B!IYJ2WR]"`^>M5_C(:)`6B)-#"]A
M2ZQ<7"W&:GZ.:?2:DO574V`O[?:V-F*\TFW`T>:+XYLAS9:6/'%VP-EQO4P1
M"QC2I/&-"I<$KC%D)(Y3*PN`QN)F:/EY)73T>%X^XNE@ELFG3!9WCN"^*R8A
ML:?SPV*"[$B221Z-?/')&[MV1%4H2O\`2[^YUZG?^FC@G_RMRO12=I6"SNCJ
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MJD^?4N\>V:A[E?ZV_7S3L&WN3]4_D^O1%XI.0\1`^Q^YU6?%%JOQ##K,JXK1
MZF`N\L+&KK:YUE*4T5+.<^LDB^W5R2^;F(B*KT3HBSH5_165C;T]==5-A;Y]
MX<5]5!6(95C226,"E5\=N#!-(36O.&:LD*3-8LL:>3>Z?7HBRW1$=$51N<DI
MEYTX131BN.SR\6>SZ7H34<YQE-^!XX_*"M1LL#E<0%YL1$>Q?K_G)^O12-A7
M\76<!\@JZ/E#(LXJL#<_Q[(!7\EZ+&96?49"T@WK<6``;BM_=5%M33CE:4&>
MEF*25X91D!0;@S.TY-0ON_N?5;CM+CD2&PQLDW%EG?WV@_;6\J9'8S1YGCOD
M">XLSLRNO"#CV1>(HK:JG5@TEL4#`D!"*""YXA-4[LWRWQ[IBZFG%UN6&T]X
MRWFJ\?)L<99:8T6DL[FJ/,#K\YHKR,\:$B@+\W#R2_`L$K)DBFAFCC*&3)Z(
MCHB.B(Z(O__6ZO<UA^#`;\.>SYOM+E:G7TL'+P7)''^B'R.SY19SIRC+5V-"
M_4B@4..KY>:1.08XA1)K(-)C85;-\(P3IX7K7@DIH,7ZFP4_%K_[;_NLX-QC
M6TM;%B^*><IZNVBBQG#@]QKH'<-:2E2DY".KJZJ)&AM'&S"26*QR"$R0N\2:
M\$S1\5Z[?8X%U!SAQ'%6B>N&0SD:;GB=;;C:XIPH>76Z3D*0,W39F@JN6KZ<
MB]=]F69-:UPXMXPL0I"2'C$UX*P/`V;QU3SYR^7G.3JO77[A+J'<451Q]JLZ
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MQRS&\EA:.Y`W^'-"FBR9E7<WIXOHWF,Q54UDR:)I]<':<4LK].LY/:&&5\(#
ME^X1C>B%TO\`&93UY9R=5R4G*F_EV-!R+91\EP:G(\LIB]_RH9SEIRQ":/\`
M>(;,%EOQ?,`&L&IX\](H/8XCQ<0V*"=(4ZI9WF+]:&5?&JC<U:]^>@X!JJ6%
MN-XXYQ(S=EQ,W#<,C6VL/_LI+JJFEMBJ"OI"`?W`IU<&P^5D]:8D;TB)KP37
M'QO"DI]&N3YGQX%E'FB!J]=?QNZYX_G'C(]N$V9]L#9V&?SW[D+!O=K\[9S8
MB1HJ(]Y,<XA1<,A->":_$F;RE9SO9G5/)EAIC69_FA@.>=AMO3TS@+SE#$VM
MY/6:8BT=Q6;/BKL>.KF;0UP,QK2HY2_EG@EFEE1N5S>BA'1%6?F.GR%ARCQB
M;IM?^`G#XW]@@X*6.ELSR[FDM:3%1Z>V%LA!R`*Y^6#'BD^*=KI"U)1(6N6-
MZ=%(5>]OE?46[X/&!RO)H&,XA@P>YK]/=<+TE38Y0^M+QV7@M[O=#Y?*WF8%
MV=6#!5D"-N!UG>R66*,:21S'CDU?M4BO<1PO'QC3MTW,VJ(P1V.LWXF1V;KH
MS:3"$\$>P0K8)65F);J#"Z[C^_TA:27'R&OEI!H96OL'EOL2:IB\293CB#:Z
MVYX_Y.T)HL7.')LVTR!U)5Q!E<Q&?O":_&%LKW)PZ.*KIZ:YG@8VL+2OG?4Q
3213>:VC3R*VO10CHB.B(Z(O_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>g36434g20y21.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g20y21.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0F64&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````5````3@````&`&<`,@`P
M`'D`,@`Q`````0`````````````````````````!``````````````$X````
M5``````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````!OH````!````<````!X`
M``%0```G8```!MX`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"``>`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U5976\W*HNZ9AX=C:[\[,962Z#^AJ;9FYHVN:_P#G,?&?C_R'WL6J
MN=HL;U/ZZ7/86OQNA8WH:MU&7EEMMQK?]']#AX]5;_\`PSZ?^D24]$DJG5;.
MHU].R+.EULNSVL)QJK-&.?\`FM?[ZO;_`-<53ZT]9LZ'T'*ZG4QMEE.QM;7[
MBT.MLKQF/L;7^D>RIUOJ.K9[[?YM)3K)*+`\,:+"'/@;G`;03W(:2[;_`)RH
M=>Z[A="P1F9@>\/L91334`;+++#M954VQU;-WTK/YSZ#$E.BDDJ76K\W'Z/G
M9'3Z_5S:L>U^-6!N+K&L<ZIH8/YSW_X/_")*:W4\_.OLLZ9T6/M<;<C-<`:L
M3<`YKW!P<W)S=CVW4X'_`!=F79CT6T^O<Z;@5].P:L.NRVYM0,W7O-MKW$E]
MEMUK_<^RRQSG_P#GO]&GZ;@4].PJL.DN>VH>ZQ^K['GW6Y%[_P#"7Y%A?=?9
M_A+7J>)EXN;0,C$M;?2XN:VQAEI+'.JLVN_.VV,<U)29)),2&@N<8`U)/`"2
MD/VW$^V#`]9GVPUF_P"S[AZGI!PJ];T_I>GZCMF]'7-?53%?FY.;]:<H$V=4
M=LZ?NW2SI[(^R-%=G\S]K<W[:]C/]+ZG\XN@RLFC$Q;LO(=LHQV.MM=!=#&`
MO>[8P.>[VM_,24__T/1.M=0OQ::\?!#']2S7>CAUO,-!C=;DVP'?H,2G=?9_
MI/T>-_.Y%2XSHN3EMI_R/B9>3B/ZJY^?DXWIUV.9CG[)B5-LRG8[<IV;;AXV
M7UG(99Z7ZWF>_P#3W>AU7366?MS-MZD^O[>]I&#0V2&8+'[&OK<]C=U^1?\`
MI>H^B]_I_P"3J[_^TRVDE.!@=;^L5V75CYO0K<5CF6BW(%M3ZVVM,TL&RSU?
MLUE7_:CT?Y[_`+3K$OQ/KWU+IG2'Y%33=CY./?D8]KZZ7/=7OR79&8['%E=6
M)CY3<>JC$QZ[LFVO]8R/3N_0T=TDDIY<9'^,7>R</IVTXYK=^F>?UF#MS'?H
MF?JF\-_5&;[O^["!U'I'UGZCT_`RNI"IV5TG)Q<QF#C$.=>^@M^TV6Y%K,>I
MM]M;LC[-C4UTT56?3R;O\!UZ22EFG<T&")$P>4'-S,?`P[\W*=Z>/C5NMM?!
M,-8-[O:/<[A'5;J+\]F#<[IM;+<W;&.RTEM>\^UKK7-]WIU_SC]GO24\SF=?
MZRSHMM+6/?UD8S\[+JKK<[[-79OLQ.G_`*%GNS7^S$_TE;&9/4K/YJJJZGBV
M]>HR.A].P,+.&!TO$=[GM]%F9<UOV.AN5ZKG?L[$9[\W;E?K?^BZ;ZU6.NJZ
M&S!KQ'UXEAO>RU[<RYX(M?DC2^S):\,<VQ_M=7[/2^S>A]E_4_LZT4E/']*Z
MI]8?V7]8.H"M_4.HU9]F+B4-#FU;:13C$XM%EFUU-%SLFQ^VVM^7Z/Z2RJW^
M:'US"^MG5.@C$?OJ?D!N(V@[?4L]0^E=G=7OPOT&+C-Q_5N^Q8/J?I/2KLR+
MO4^R+M$DE/&X=/UPZ9D9MU&&,C'^TT5LK?:V7XE0KIL;TOI[;*,/`^GDW5>I
MD_\`<>F['OLWY:L=3ZIU3.K'1LOH^5AV9][656M=7=4:&74'(LONQK'?9K/L
MC[;?1N9Z;]GHU7W+JDDE/__9.$))300A``````!5`````0$````/`$$`9`!O
M`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P````$P!!`&0`;P!B`&4`(`!0`&@`
M;P!T`&\`<P!H`&\`<``@`#8`+@`P`````0`X0DE-!`8```````<`"``!``$!
M`/_N``Y!9&]B90!D0`````'_VP"$``$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$"`@("`@("`@("`@,#`P,#`P,#`P,!`0$!
M`0$!`0$!`0("`0("`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`__``!$(`%0!.`,!$0`"$0$#$0'_W0`$`"?_Q`!P
M``$``@,!`0$!````````````"0H&!P@+!0,$`0$`````````````````````
M$```!@("``<``0,$`@,````"`P0%!@<!"``)$1(3%!46"B$B%Q@Q(R090251
M0B81`0````````````````````#_V@`,`P$``A$#$0`_`+_'`<!P'`YPVTVT
MH71ZA9KLMLM-?H%00#X0N0R$MD?9(MPMDCZW1I@;6U@C3<[/CJX.KX[)R"RR
M$X_)Y\F&9`4`PP(;9K2Q89<%<P"VJX?4LIKRT83%;%@<F0A.`BD4,FS$@DL7
M?48%!9*@*5W8W,A07@P`!X`9CS8QGQQP,VX#@.`X#@.`X#@.`X#@.`X#@.`X
M#@.!R-O9N?4G7UJK;>VEV'+AP>JF5(J^$9_0%()?)7UU0QV(PV/$J#"RS':2
M2-U3)L#%_MI21&*3?`DDP00J/=#U\]T_:YOVZ]B%S7A.JFT(@ZJ;L?\`9=L&
MXM-#V,J>6=0V,M4UK72L?Q\D%`U!Z5>XS5=A6Z)5*7VX%@SU:@LH+S7`<!P'
M`<!P'`<!P'`<!P'`_]"_QP'`<!P*F'Z[;@>U&EFNFC%;$MKY<>]6TM>PF-Q(
M]4B*='>.P9P1N?BV>Z4$^R./M=^AZ/*H?@0`I4:`8L>?&>!:+J&MX_3=35?4
M$30-[7%JJKN%5O&FQI1%MK4W1^#1ILC#,@;&XG_:0-Z1N:RRR20_TE%AP''\
M8X&Q.`X#@.`X#@.`X#@.`X#@.`X#@.`X'*6X^[.M>A5-/%Z;.V.VP&&-PL(V
ME%@`W283=_-R`"*)P"(HO.]2Z3.!QH`@3)2Q8*"+)IXRB`C-"$%T0T]VM[RI
M5$+[[08DX:]]<;`\$V#K=UHI%RMKLFSW0I$Y-L1N/;Z>L1K3)6M0)E=U"I'$
MFY0F"3[D@!OH8(5B>`LQ1F,1N%QYDB,.CS'$XG&FM$QQR,1EI0,,>C[*VIP)
M&YH9&5K3I6UJ:V]*4$HA.046446'`0AQC&,<#[G`<!P'`<!P'`<!P'`<!P'`
M_]&_QP'`<!P*3NTSZ+?O];VH>NZEE;76L^MZ"IK0?E:%4J<A%S-HKXF_FF0N
M'HE%)6]4T6M)(0UY)]00"C4?F&/)P\I@A=BX#@.`X#@.`X#@.`X#@.`X#@.`
MX#@<#=BO8;377%0QUN662NF<WD[LFA5%4/$SLFV;?UI.AI"=F@$":DZ-T7''
M&'*BQKEN$IQ#<GS@8\",&02<$<&B?6==-Y["-G:KVW889SMDY,I`]:M52T@7
M"HM!(,N6.KBVQAK3FJCVN;W$4WN2<2]W4)<B;'0)QA1JI4%.K3A88X#@.`X#
M@.`X#@.`X%0#],O?+>77-(ZBU3TDD,59-AIK&55G6Q/'6*Q^?KJP@JQRPQ5Z
MR,4?D);U%P2J;.B)Q4*?EFU3[1N3)!%%#^0`:4%MN&N+F[Q"*NSVG]H\ND;8
MW%W2>W-2>U<UK8E4KT_M3\B.3>BJ-&'TQYR('AX9_G'`R3@.`X'_TK_'`<!P
M/BR21L4/CK]+92[(6&,Q9E=)'(GQS/`E;65B9$)[F[NS@J,S@M,A;F]*8<:8
M+^`%@SG/\8X%,7\K4:=]JMH>U[MPFB!P2..P]Z/=;5L4,)@&YLC<DEJRXYTP
MIS%I)JY8C8$*F$MJ'(3@X(*;S0'>L9D.20NJ<!P,'LBS:VIN$/\`9EO6%!ZJ
MKB*)TZN46!9$L88-"(VE5KDK8D4O\KDZ]K86=.I<EQ"<L:A06$9YP"\9R,8<
M9#%*"V#I7:2JXY=VO=CQNV*HEQCP3')Q%%)JIF=38^].$=>"B!*"4RD!B!Y:
MSR!A,+!G.0>;'B`019#<?`P6RK0K2F84^65<%B06J*YC!*=1)9_94M8(+"H\
MG5*T[>E/?)5*'!K8FDE2O5E$%B4'EA&<8`&,Y$+&,AKC6G:K7K<6MA7!K+:<
M=N"M`R9^A_W"+A<@M0Y%&3B2'EO)RZH&Y0>$CW!1A9X"Q)U)!Q9Q)AA1@!B#
MH'@.`X#@.`X#@.`X'S7EX:X\SNL@?%Z5J9&-M7/#PZ+C0IT3:UMB4U:X+UAX
M\X`2E1I"!F&#S_`0!SG/^G`JW=53*H[?MZKM[I+O91.-#4E+I#K/U:U>_N(W
M1KA<=ARD2:R]DE$=PE(:4T^GJT\K"12,2A0A4J%R40C0L[(M"%J/@.`X#@.`
MX#@.`X#@8#:EFPFE:SL"W[)?4,8K^L(;(Y[-)"Y*DJ)"SQF*-*M[>5ZA2M/2
MI"@IT"(><>H8`.1>&/''CP/.2Z?Z9E?<YV!SW;/:./\`VR1WC?;9L592"0Q)
M^51RN-3]=W\E16L`A\A?/9M3_"[FO5K8X`S82Y4')V2H)24I&)1C(<AZ5?`<
M!P'`_]._QP'`<"M?^HGLB;M&NN>85+$7DDF_]T$+_1L"0%EEJ53)6SDWEIKQ
MGJHH9Q&4R5#"703&B.`/*@IY?DAY99A:91DL.M/SYZO%ZG=1&F<&4I%R.3V!
M6J:_YJ!U0E-KJ"1WR<9993<Y(0"&8G51N./[>T^4[RJ<`0!P<`LSS%`"9S@.
M!PAVB48OV5ZXMY:-8X-_<J86%JQ=S76\(!Z.%+_;2.`/CS41#<)2J1)2WA-9
MS8TJ$0CC2R0JRB\F9\F!<#3G21K;,]2>K#3:B;*@ZRN;+BM9J72Q(>Z`:0/+
M-,9I+)%-7E(]99L92"="#9!@!F!",/*P#!9PQ&`%G@2I<"A?^F"\'/8KMVZQ
M.KZ:O;PQ:JK9IK]8=]MXI(GC\9DY%O7@KADID$ASYTA)3?6%2Q)<>G7K%>`)
M,NBX0"B?)ZQX73=4K%H>VM=JGL35]"UM^O<HBY:VHB&*%JZ\8#(40N6(&E='
MX>N:&%2SQ]S`DRI0^*,@*A(:6>$/D,#G(=!\!P'`UO<%O5M0573VZ;AE[/`:
MOK&+NTQG$P?E'MVQBC[*F&J6*C<A",]2H'@."TZ8D!BE6H&`DD!AI@`""$OJ
M6[W(QVL;#WS4<=UMG5'0>&5R@N+7R>3MX7+738*I"+0E50R>?@8PPYI8(PA:
MIPQ%MP243R^E_(%+TN5&3T"@!83^<!P'`<".KMV26"NZN]_4M6'.Q$\,U.NW
MX,3$6<8\&8+@KN:ZI6[!"E*<!4M90*20C"/Q+\_F\H_#R"#270&97YG37U[B
MK-C^O1S%!MI;D@]SE5[BP"I%(2K9?/5RD1^7[/:@'ER]/R9]'W?I^H;Y?5&$
MP7`<!P'`<!P'`<!P'`J0?KRWO=:#TAA&F%=>Z56AO3(ET<<RF920>\MU1UXZ
MQ1SE"(#,4A7N:@ZPI&\M;,F"7[?*E/[\`!CR6,O(2,]`?6`?UE:(P2*6+A0L
MV3MMG9)Y>)Z\8#CX*H<<.<CC]$M`R5[DC)C]2K)<Z8/PE.&E62-S=UY6?36`
M"$)QN`X#@:YM*X:DHZ+?>;KM*N:?A7RS2P?<+2F\9K^+?.ORH*%C9?L$L<VE
MI^6>5P\$I$WK>LH-S@!81"SX<#__U+_'`<#Y+\_,D58GJ3R9W;8_'(XTN+](
M'YY6IVUH9&1G1G.#J[NKBK,*2(&UM0)S#CSC1A+**`(0LXQC.>!Y5?:](YEW
M'[T:;7@W%2R)QK?N]`ZV:90I:M.7DL&KU<VBP4CBYWYL<&Q"-F>+0N)[DSL-
M,#($[8C:3@*1'8"6I$'JN-C8@96UO9VI(2@:VE"D;&U"G#Y$Z)`@3EI4:0@'
M\^0E.G*"`./_``'&.!_=P'`<!P'`\[/NMU*+[-?T_4)IK'))\"C64/4;)<KZ
M+W24V.P>+-%FW3829M&5DHU<\.]6.A:9O"6+TAN#@46:,LL)PP!Z%D3BD:@D
M7CD)AC$UQB(Q%C:HU%XVR(R6]G88^QH2&UH9VM"G"`A&WMR!,6226#&`@+!C
M&/\`3@9!P'`<"JA^QBVY?6_44V1&,J24[1?6V--5)/@F`,R:JB#7%;2N],F2
M#+-+P4=F;TTS#%D6!A$0`P/E\18$$,%_)EKI8_\`C&\;O6Q'T\<2675]4ZOZ
MQ1XU.WF+FC7[7MQFKA-YFG7)TB-P)1W;L1-I$[&)58,&XRVE&@&>F,2G#"W3
MP'`<!P/GNS4VOS4YL;RB3N30\MZUJ=6Y67@U*O;7%,8C7(E)0OZ34ZI*<(L8
M<_P((LXX'/NHNI]+Z/:]P+5_7IC<HW4%:'3(Z(LCL]KY$N09GD]E%DR`LQW<
MS#%J@DR4S!<82$6<X()&`H/@``<<#I+@8O-Y@PUY"Y?/Y2L+;XQ!HN_S"1N!
MIR9.4A88RTJWIW6&GK5"1&26F;T1@Q#--+*#@/B(80XSG`5!/S<6R[]GNY78
MOVR7;)`K[*)DT<U_HFH?G'-:DUZI%];BI"-&V,BE4H;4!,O;8HRHQ+$P2OD'
M5G>%(P8&J%X!<!ELOB<`C+Y-9W*(["H;&&U2\R66RU[;8W&8\T(B\FK'5\?G
ME2C:FEM2%8R(T]0:646'^1"QC@8W4UOU5?5?L-KTE8T)MNL)2)W#&+"KF2M$
MQA<B^`?7.,O(V*2L*M<SNQ+=(&96C-,(.,`%0G,!X^(<\#(I9,HA`6-1)YU*
MHW"XTD4-Z17(98^-D<8TJIV<$S2U)E#L\*D:`E0YNJTE,G`(S`CE!P"P8R,0
M<9#).`X#@:YMVVZWH6L)W<UP3!E@-8UI&727S>82%6%&TL3`SIQ*5BL\P7B,
MXX>`X+((*",]2H&`DD`S1@`(*/>AMN-7Z!/T/K]X$S2Y(M1.MVM68^D(A,6T
M/R#X]Y7RIOJN2O*-$820P29WLUX=IRGR8,]2E+CS>@-$;@C.0A<=8MYM0Y1M
M&_Z51O8.M7_:>*Q4^926EV=\"XRIC94AA(5I+H-(4:T(Y$WD*2E*EF&JP\)T
M)Q:LQ*!,8`T0=6\!P'`K:=\+!6VVFQ?3UUG2UM2SG%\;RI-A+/K02YP;,/NO
MVN-4V8OL<MY=&QP;5J)I>&21K@`+)-`H591&^@,!A.,Y#__5O\<!P*_/;S84
MQW$M2H^E?761K$<GV4+06%OG.8DN3Y>:$T0C[TV_=TBM47[@J/S"]59Q#`U$
MK`""K1J3"C"1IUN#`A&%K]7\*V@_5/)&ZKD#"FUMZ>-1HY359QR-'B20>#R-
M%`$==DP&+M+8ERB1G0R36S(4!B,\1825$9-S@0LDE@R'77Z5=WK8@\1U7ZQM
M59[]`V=[+[@B=+FRTLU>V&PVGYE+6:MEQ@9&D!@Q@,GDTE:)K-4)\F*0,Q#I
M@."QB),X$RTALS3GJ-TSK%NNNY6NG]?J0B<*J&.S&RG=V?Y-*'%L:/9H$Y21
MM2.\LG<\D1;8J<E29M1*E1F`*5&"0$$F9+#M%SE\49(FX3U[DK"R0=HCJN7N
M\P>79`U1AHBB!M,>5\E=7UP/3MC:PH&@H:H]6>:`@E.`1@Q!!C.<!A-*7M3.
MR->M=LT%:$'N*LGM8[M[//:ZD3;*HHZ+6%S4LSRG;WMI/4H%9C:ZHS4YWD&+
MR&EB#G^<<"K9V3=MFWC?WPZ"=;>BDG"YL3!-J\=MKX,C8XLXHYH3-,N+Q.([
M))`L3N3RV,-;:\F*9`<!.-%[9<>6J$$Y0B2Y)"5GL3[3%="3AFTKTGKS_+7L
MMM=K$."47'%)2B*4FPK,)2<W7L])2%!2&MZWCP7(A4%.L/2JG3U"0X$F3'X6
M!"IYTM/#'4G<9W'[_;KW>EO1ET6JFWD]P;5*HUE-&<W')++:(L]N-8MB(2I(
MW$R!!7<NC4#9FW)8G-C.`C;DH0C`G+"VWU-]K&.T>D;KV=#KS*-;=>X-9#C$
M*OG=GS2.J3[*CD8C2)UG4K<T*,A(BBB.&N9XDZM0!6O:LCR826M,/0K0E!"(
MD_81K,Y=A9E+FQ5GB&A$;;[-;Y-M)(R9<^SF2R6#Q68NL?>*_@\'2/H#H?/I
M*R-[:T`4DC7*0.`5!WM/'T@!,/W.=NC/UE]?S!MG7<6;[.F=UR2%0.@6*0B7
M-#(H>)]#I!/D<QE[8/+?)`QN/Q"-*5!Z8L!*@:XY*D-$G]?)@`V7&]_X;I-H
MC1UV=MNSM'UI=LVK<BPYHW-))3`>\/,@4(WHV!4S4;0)[L6Q#*Y;92VM2S+6
MD=50QD&+E&2R!Y$6%4;OOF?9-VF=?EE;7K=?3-2^MG5^P*_MFIJWN=F&W;6;
M*.#XZJ*<0WF\QDTD:VLX'%&&S5ZE"VG#38<&]S]YC+F6%.I2!8L_,E=#'<W2
M[J)\8J"<[U0AL"EY>D"5DK+6^0:PY+EK2CSC&"SA+(0ZM"[SASGQPKQ@7]>!
M8P$^'`<!P'`<"!_N3[-+;U6F6HFDVEQ,1D.^&\%K1Z,0-+)VY#)VBJZH3R%"
MW2ZTI1&CGQGQDE8,P],UB6#`B.*;G8[S9$WB!D)UD)2HA$C)7*@KEI*5.4L6
M@3A2`6*BR@`4*@I`&&@2A4&XR/!>!"P#&?#&<^'CP*R7;3NU#[@EMYZ_MSH%
MPTMZ]:]<-@NSB9$A-*BD^M)M1H';5'0%O?BU!.7QVLRT!-SE-T*$"DCXU(4Q
MJSB5"M6DX'UORP:?26@.O!TV/LUA3Q^W-_;0?-EG=L)83HSEEK%=ZK94300T
M"P!*2QN[:)PE+4).$)7Q<H(`'QP#&>!$E^PS:RQ[)E&J76WKG:\)F2N?S(Q=
M=NO-<2-*\7*NM-Q/AZ>@HS9#*C3^I'8Z\HY6>X-#8<M`-R5'D+E:4)2=J4F!
M:IU:DTAT)ZVJ3<.R.W*%K65TQ5K<VW#-8XAAM4TQ$Q@<%P8I!XHR1IIC$2)%
M%HT>W,"=*S-Y1;FN1YRB3B]8L.0I"]EV\NQ7>=V.]>NDC-7T[IKK[O&X*WL.
MF8[*6M*PV+>]1FRIWB\WVKF,44O)JTB+HHA%Y>;#$AX$I![42>H"(\Y0+)`>
MD_P*L&S7:MOUNEO4]:`]*$7BID9U^FT>BNZ>],ZCT:E];54[N;BXDNK!"4KR
MX+8\\!CJ9A<4QF3$2YT>7E"J2H4925)EQ4!-)O/V6:@=<D';9#LQ:R=OE<A3
ME$UU44:3`EEXV\ZF*BFI(A@-:L00.[N8O=S0)QK,DI6E,>/&#CR<>&.!6CWR
M!LW<.E&R7:CVVP]AJ6L*S@JIPZYNKJ:^BZ16.6W-FY3$*HM'<2(.R=.1:MM"
M=9(0L##G,KT&A&6K+5)$IN#DQ01=_G<'MM<NH4CU+Z^,2C5EMEMN2*<]D?8]
M,6UC`1`80!J3M$!J#5)3[\X:NS$]?(37(]>M"E/8%CN<H\4I(TJPT.U?SW5]
MIO\`YB=AG:ZR!@NN&B&LXF[3_66RK/FB6',[T0?AG^]6[;L^G"]"!XM*PF@U
M@=G-4[KA&X7SCV2<`"B49)03T:__`*)NO3:OL*B77CKH\6):\OF:.P2V2[F&
M+I4E&N,FK6)2R<R..,[V\NS=*WQ.&-0AP.3O"9I&R+A!)]HK4%'A.P$W$PFD
M.KV/.$NGTLC,'B;2$D;K)Y@_-<9CS8!0>4E3B<'IZ5(FU$$]4<`L&3#0X$8,
M(<>.<XQP,FX%8#8@I#:'ZM>OYC:7$3T?K+UY79:DG;FT1B\B'+K',N:L$XWW
M+>,P+,N=&V8MXLEKL%AR2K0C#CS*4^1!_]:_QP.).Q+>NINN#46V=LK@,]TS
MP!G]M$H@G4C2NUDV4]X,0P.N64XM(X&IEDH?<@+/5^W.*;$`%"X\/MTIN<!P
M9U@ZY.^DVK^P/8EOBY^KN-M$QR/;K=B:G%#>C*N@\8CSS,(M1<0)1C=5:2%T
M76Q>$8&Q&>K)"N+.)3F')B4>`!4HZ)NU.H]**+W!OQVB[MM;V;]@^UJEJJ75
MZJR'=]M:=KTA/V8MVFSD4A=CXE#7J?VL['E&"`K7N8DAOH%'9+.,3!MOLKZ2
M>WJ'67KAVWMC^Y;L;PM=PQ"Y[VIJOTSL[,%*R.(3Z,S.EZ]HN--CFBFLFJ*N
MSD_PK@%M5A6D`3?(%9`48H5%!T)O-TR=Y/<C1K]L?N79=55!=4)$W+=7^O*)
MK4":MV%C7*U&)F9-IXDDCZQL]G.[6:2-N5K5[\;G!8D:Q4VE"P60&N=N=3/U
ME[P:,Q+5^Q*5I>JZPK.-P&O))3]8W72L8M;9QNC*)$TMLDL"6$W%*Z\4,;&0
MW%*G!G`_QAO6JL8.^,6&%)@IPF9Z2&OO2H=OUPU#VZT;U>H#2JCJ550-58+!
M:,;E=W.;_&VE<&+NGM*_O>RXNO<I8_Y+.>`9:$1'_)/4EJ"AX"DR$-5H]8W=
MU!._/=BV]#6M'6D>V?1RHPO=FQV*-O-<UM3UON,#DTE*B;M)V=W.#:D2=HX6
MQI$+*WK7TE(6,0,$HC#5Q06V^N/J[HCKGB<N6Q5UEUR;'7*N!)MDML+A=E$M
MNR\9F>/*UR7/LE<SEBYLC.'8XT](U%'#``8_64FJU@C59H5C-1/R#SQR5V<H
M[!]U9HHKZSK`26)*=?=39,_L$/L"4-+U)'%I?[+D-B-3JA<E#>%[-PD`4RJ'
M)&4O5!(="319-$'7<-_'/H9#7=22DVRWW.KY:G?D2^`IK0K./DNS?(F14Q.2
M)X=8W4;26M3KD:L1:H`490%A'B0:')0AA$&D9E^)'2)=&ER6OMP-J8Q,#'9,
M<VOLR;:CG<:2,0/6]XW+HHR0RNG1P=C_`#%^DM+>4I)/E%YDIGFQY`ZPM?\`
M*M16R-5$,6UG8)V&[,WJT'(C8??5Q74.>?14A2$Q,[QF*UU.$TL:T41E*P12
MMP*,7FNHU")-Z3@2#"@"D.D]&/S7]?6GD[9KMGX;&W1V%8A$#9;1VF?$DU;8
ML)N3)F]CQ$*Z)1IXFE%'F]"3A`H=@O3@WGX$8D4IPX)+)"=RQZ[A5NU]-ZKL
MF-M<PKVR(G((--XH]IBUC1(XI*6I4RO[*Y)3<9`<C<FQ::4,.?\`ZB_C^>!5
MLZNNN_LUZ=-[Y[K=3D*8=D.H:_YDIGO]R)!:D7CTZUH=_K[N6B5)8(^S5$_/
M+\K.2-[.^A:F%T)?DB5M685H#4ZDC@6Q^`X#@.!B,_GD0JV#3"RK`?VV*0:`
MQE[F,PDKPI+1M;#&HXW*'9Z=EZDT02R4J%O2&&#SG/\`H'_YX%0KHI12_M>[
M*MRN\F[HV297L"<G'4S09L<43<G*AT5;RCU,A?4#2I+4OZ.5,E;2-(E4NON/
M9K'&<2).4'/HX)1!,;V:]ATXJ6<U9U\Z2HXW8/9'MPWOR:L6AW<$HXEKE7+>
MV+5<JV2N8HDTU8W,<;:$*T^/(32?!\<D)@`A.`G&G/"LK^C""P_K)ZVM`>M1
M@E4T<X%M!L1/KJW.O+TPKK4O235T[5]++7F\M7GG^V?Y!,9W;*1Y1D.(%II(
M8PU)<*/21?[H20U?V>[^=I)!]!=)6KS3JUI7`F5DJ1QWWV68%32FA;$C:D+6
MWMNN57M[D6TN,JBL5(*$D3"S(L(4YB4;@2U"4HAF!5TKR&J>NG]#%MMD?U;V
MG['+2UX?%PJHC#^Y.S[;%J[)O%7QQR3;$6*])6.3+#XW(I`Y/LP1F&%+#D1"
ME&>,\X:0:@06Y:KZGMRNRVUH7MAWG6"UF0&)NC!-J/ZMZ9=W1'KS6SFW)5(F
MMSO90!P5_P!RYPG^0-$N*RJ7C/,/.2&.&6<7PA8136I:R(G]I4/:'NKK&M1!
M5<5J&F:_8Z]82GW%9AGFJT;>";#<&Q*`CXBK:X47"Y.KVJ\P<-J;W"K^HLO!
M(@NW[-XM;.MNP>*(0?*WAFC[8Q337\OB/_)6MF!O_P#;Q!\]DTG#)[R7>S+]
MWYP>V\WJ>;'E\>!0QZ?M8OTD:^:O6'J#K+JO6NFS+;=[2">65N=L_P#%D6S&
M%KFPP6(+B(3`W5]?'9U;6QFB>3D*T<0>T9QRQ6-,I(/,">`+/_6ST>T5I%*3
M]E;MG$TW:W]EZ=N73W;781S4SF3L;T%E3M3@WT^3)#'-PA;&$L!A)2U2I7/Y
MJ4>2!K0)/31E!'9^HNJMM]U#.OOK;UB@$T>&79*YY-.K;GZ.(KW.NX.S5D&(
M1]C>)Y*$*%6)B8(N&R'!Z7@$8GR:!"1@O!YH@`"$HDCZW$^J?31?'7SH"RG$
MSU=JM<-?0=W/=F:-2RT+EL*`NK(^SF32QU5(&EHF4^>5PQ86F*4B1H",@E*8
MC2)$V"`@4Z=?S/W<SU9#4?;;.)0[T_`9XJL>L^N%@LXE\I1)/%*G!CA/KZS`
MGQ?"+`>%)J!)E*VHEBU*)*6(E:I/3''-_`V-V3]3W9G"NX_7KL0ZEJ@H4]@J
M?7F,5\P,T[>:^@U85L_E16V:5?8@FK0A]B3D=#4U32Q&H2":RPX(5J1@*#CV
MX0B#0^_'Y]^\/L/I!%8.T78U7-M7XWR)"^,NI*%$[5]K%#VQ268C6`C;[&FI
ML8E,Z9D0RPEKE<6$:I*":6:Y&#%ZQH<B=LN\'Z8>O:&T*+:C8.E:2JRUI<X1
M1I>-0(57RM:U"KU4V+36]V='B`#<6(+FP*P*VY"B4EDKD:4P@\L'D4$9"8CI
M)637L$[9NQ7NJ;81)(-K!8]=L^H.L:B8MBUA>K%B\35U&J>9FD:5/J@-;Q`J
M)`I4'EFF$$.#N<A`,9J-5@L/_]>_@K5I4"52N7*4Z)"B3G*UBQ6<6F2I$J8L
M1RA2I4'"`20G()!D8QCS@(0XSG.<8QP*QNOJDWO`[(3MNWYK+>.L;K=FC_#]
M-VYQ0"PR[,[>-RI,BE^ROB:4$#Y`ZS`ERFCH!"&0)4%&J#Z1V7%+D+$%^4U%
M-C**NG7N>'.R>#7O4MC4U,U#"J)0OI$4L^'/,(D1S*M4)EI"-V*:'PX28T9)
MH"SL!%D`L8R'(1R=7W2=H_U0,;N=0$4>IE;TI2G-TNV$MD]ED5M.K&<I`LS$
MV=P:61A8X9#0*"BQ#0-"))[X2<@QP,6G$$F@"77@.`X#@.`X#@.`X#@.`X#@
M.`X#@.!J"_J%J?:&F["U^O2*?>:BM6/G1:>Q+YV2QGYYA4'D*3D/ST/>(_)F
MOSG)@"]5$M3G8\OA@>,9SC(1;;3["T#TRZMT?J)I51J%^N^S%2VHM%-/86N>
M'%QEDS=%QBYZFLN>'A7().."PY>]F/<H?7)2I6+!9'@Q1ZAIB@D-O=:77(AT
MV9)Y=USRC^^?8!M(H0S7;[95W(!A?)9,:$*I)6=?(PYRCAU-UN7DIK9VY`6E
M)4IT!!QA18"TB5&$A5AU/5ENMK8S6O6E?V>T,KPED+.U6'#8[-&UI?T&!A0O
MC8ADC:Y)4#PC":+!2DH(#B\"SY18\<\#.DZ=.C3D)$A!*5*E)*3IDR<H!"=.
MG(`$HD@@DH(2R222PX"$(<8"$.,8QCPX'[<!P(V-7>J34G4S;':K=JOF:827
M8S;>:225S>>61)0RQ7"FJ7NJ.12*O:N#EN0"BT#<I,C`L$G-$L5A"4G2!4X1
M)$B8D))^`X#@.`X#@.`X&`V15-77)&A0RWJV@-JP\:Y*YCBED0Z/3F-"<D'J
M>Q<!,4G;G1K$N1^L/TC<E>H7Y\^7./'/`R2.1N.PZ/L<2B+"RQ6*QEI;V&-Q
MF.-:%CC\?8FE*4A:F5C9FPA*W-+2V(B`$ITQ!99))0`@`'`<8QP/_]"47OI[
M&;!FUQ5YT/Z<IGIMV@WI)@4*M2Z,$@$P4M15H.SJCGB9&@'@*Y\>G.MF1P5O
M1I.2@-T7./RF-RXFE"1A8RU3UJK+3G7"F-7Z=;`M=<TE`6."Q[`DR),N=QMJ
M?U'J5ON&Y,C1JI5-9`>J>'=2`H&5;HN4'BQYC,\#H'@.`X#@.`X#@.`X#@.`
MX#@.`X#@.`X#@<][7;+5IISKA<FSUP.A;17=+P=UF3\<,1P35YJ;!:1CCJ#!
M"98<-XE<B6)&M"`)1F1K%A0?#/CP(?\`I=HBU+Y'+^X[>",MN-N=S6EO+HZ)
M+&D0$VJ6E[9E<*J*K@*=X0?*Q]=89#FID;XL*4"R\)UZ(PX!2H2_UPL"<!P'
M`<!P'`<!P'`<!P'`<!P'`<#_T;-*3_J7_P"Z%_\`6^H?]L_^/\0]G\Q]N^4_
MMW]<F_K_`$GW/_X3[_\`VT\?FO1_]M]9]GY/^/[O@3'\!P'`<!P'`<!P'`<!
MP'`<!P'`<!P'`<!P(K>Y+_K_`/\`"9X_[,?L?^*_]VZ3^?\`K/WKW'VK^XC+
M]5^8^@_^R^J>Z]3Y?U_]CX[UO2_YOM.!)=#?JWU"*_1OB_I7UMC^G_!^E\+]
M6^,2_7_A_0_V?B_B?1]OY/Z?2\OA_'`R3@.`X#@.`X#@.`X#@.`X#@.`X#@?
"_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>g36434g28d55.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g28d55.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0B64&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@`````````````!20```*<````&`&<`,@`X
M`&0`-0`U`````0`````````````````````````!``````````````"G```!
M20`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````!?H````!````.0```'``
M``"L``!+0```!=X`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!P`#D#`2(``A$!`Q$!_]T`!``$_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U5))))2DDDDE*0,Z]V/A9&0P`OIJ?8T'@EK2X2CJIU;_DK,_XBW_J
M')!!V+R[_K+EN<+'4LW,(<(LL`T.X;FAWO;N/YZN_P#.?._T57_2_O7-GCY*
MZI.$=FO[DN[_`/_0]1&1CEH<+6%IX(<(*1OH!@V-!D""X<D;FC^TJM/3.F64
MUV'#H!<UCH%;8D!I9V_,_,4CTCI3@`[#H(#/3:#6TPS_`$;=/:Q)38&107;1
M8PN(W0'"8DMW?]%/ZU43O;'/(XX5=_2>EV;=^)2[9.T%C2!)+M-/Y2FW`PF,
M96VBMK*_YM@:(;W]C?S$E)1;6>'M/S'82JW5'-=TG-+2'#T+=1K^8Y&.'BPT
M>DR&'<T``"?%5^I4U5=)S6U,#&FBTD-$"=A"0W0=CY/!GCY*ZJ1X^2NJ5JO_
MT?4,3^BT_P#%M_($5"Q/Z+3_`,6W\@14E*22224I5.K?\E9G_$6_]0Y6U4ZM
M_P`E9G_$6_\`4.2&Z#L?)X`\?)752/'R5U2M5__2]0Q/Z+3_`,6W\@14+$_H
MM/\`Q;?R!%24I#LR**G!MEC6.<0&M)`)+MVT1_*V/1%SUEEAM<XN)<'$!Q.L
M`NVC=]+VI()IW;;6UC4C=V:2`3]ZI]0R&V=+S08:[T+8;N!)'IGW>U4+W.?3
MCN>2]T6>YVI^EXE!>!]GR=/^T]W_`)[<B`M,MP\T>/DKJI'CY*ZI&N__T_4,
M3^BT_P#%M_($5"Q/Z+3_`,6W\@14E*7./_G'_P!9WY2NC7./_G'_`-9WY2B%
MD^B2S^CX_P#US_JT&S^CY/\`X7N_\]N1K/Z/C_\`7/\`JT&S^CY/_A>[_P`]
MN16EYH\?)752/'R5U/87_]3U#$_HM/\`Q;?R!%6!U!M[,EU6/D68[*]H:UKB
M1&UOMAQ35OR1B/W9%CK`YH%FYW<6?F[D:6\0>@7./!]1_P#6=^4J-)S&W,+L
MNU[=P!87$3,-YG^TM2[HU+R]U;C67`[?I&"0??\`3]WO=O2V0?5MT:-@/V?'
M_P"N?]6@V#]7R?\`PO=_Y[<MFSI>(YC6-;MVG0[G&`3N?'O_`#U"OH^*UKFV
MCU0]I:9+AH1L>WZ?YZ5J,"\(>/DKL+I?^;'2_4#O2;LDDLAVH_=G>K'[`Z1_
MW&;][O\`R2=QAC]D]P__U>YZA_3;?[/_`%+47IM%=[;F6-W`%A`DC7W_`+JE
MU#$=Z[KW/#66$!HAQ,[8_-'\E6>G8EF.'N>019M(`D$1/TMW]9'HL`/$QKZ;
M6+7.L:TL$&L-+@01^][E>2207TI))))2DDDDE/\`_]DX0DE-!"$``````%4`
M```!`0````\`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'`````3`$$`
M9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P`"``-@`N`#`````!`#A"24T$
M!@``````!P`(``$``0$`_^X`#D%D;V)E`&1``````?_;`(0``0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("
M`P,#`P,#`P,#`P$!`0$!`0$!`0$!`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``$0@!20"G`P$1``(1
M`0,1`?_=``0`%?_$`+D``0`#`0$!`0$!```````````&!PH("04$`P(!`0`"
M`P$!`0`````````````!!`,%!@((!Q````8"``$)!00)`0D!``````(#!`4&
M`0<($1(3%+5VMC=W%346MS@A(G0V([34E=56%Q@)IC%!,G6&QD>76'$1`0`!
M`0,'!PD&!`4%```````!`@,$!1$QL7*R<S0A<=$R,[,U05&!P1)2DA1489&A
M$U,5(D+2!H*BPD.3X2-$51;_V@`,`P$``A$#$0`_`-_`````````````````
M``````@>T8Z>EM<7F/JU@L=5L;FK398.P5%M"O+-&2A&"RK):$;6&"LT.M('
M7)@A"K,'.,Y/]TO/YIL",[F/<5GL3S7E)KT2ON-.[+1N("4E:97MKG9T:Y*4
M2O3B=WV"ZUQ69:U325:2G$SM($I5(^?E'>&S[":35RZCR5-6-QQ%?%%O:-,W
MY6CI6AXA;I(Q>(OI9%Z6UVY>MNZRRJM6BKI!UO$(W1:/&^OW,A&952C%UWJC
M1S(\X<CL+K6R?[7NN]#8OZP?T$ZUU?J[+XM_J3_3SI>AZKR>SOB+XH^[T?)T
M/6?L_P"$#R_8_]#?P``````````````````````,I&X^(KB"B]O;4C(S>NXX
MZ.CMD7AC'Q['9UV:,F+)I9Y1NT9LVC>;30;-6R"92)ID*4A"%QC&,8QC`[>[
MW2ZU7>PJJNUG,S13_+'FC['X/B.,8M1B%_HHQ2\Q1%M7$1%I7$1$53DB(]KD
MB%<?W,<1_P#]`[M_]K7O^/#-\G=/I;/X:>A3_>L9_P#;7G_EK_J/[F.(_P#^
M@=V_^UKW_'@^3NGTMG\-/0?O6,_^VO/_`"U_U)?1^([B&=S3U)UOG<[E(E/V
M$Y*FXVC>%DRN65!LKQFX*12<,7"[1X@15(^,<Y-0A3%S@V,9'BTNETBF,EUL
M^M3_`"Q[T?8L77&<7JM:HJQ6\S'Y=I/:UYXLZIC^;R3RQ]K_T=_`````````
M``````````````QR[R\Z]P>J6P/%DN._NW#7?4IT0^=L4\3Q'?VFW*K1G40!
M-]?^_7_<G9GRXM8QVO5C6IVH6;IVM>ZM.[K?_]+?P```````````````````
M```,<N\O.O<'JEL#Q9+CO[MPUWU*=$/G;%/$\1W]IMRJT9U$`3?7_OU_W)V9
M\N+6,=KU8UJ=J%FZ=K7NK3NZW__3W\``````````````````````#'+O+SKW
M!ZI;`\62X[^[<-=]2G1#YVQ3Q/$=_:;<JM&=1`$WU_[]?]R=F?+BUC':]6-:
MG:A9NG:U[JT[NM__U-_```````````````````````QR[R\Z]P>J6P/%DN._
MNW#7?4IT0^=L4\3Q'?VFW*K1G40!-]?^_7_<G9GRXM8QVO5C6IVH6;IVM>ZM
M.[K?_]7?P``````````````````````,<N\O.O<'JEL#Q9+CO[MPUWU*=$/G
M;%/$\1W]IMRJT9U$`3?7_OU_W)V9\N+6,=KU8UJ=J%FZ=K7NK3NZW__6W\``
M````````````````````#'+O+SKW!ZI;`\62X[^[<-=]2G1#YVQ3Q/$=_:;<
MJM&=1`$WU_[]?]R=F?+BUC':]6-:G:A9NG:U[JT[NM__U]7M?_RCZ<95-&S;
M8K%RH<9$UU*S[#N3%E'3VN:!'RSC=1JN23D_:S&X2;F<CM%S!\XCX1V1HMT1
M7!TB*D4S&5Z]F5T3W'+KBHJK,KGK[<51F(*/DK)L>%FZW6,/-3T*->5)D;8]
MU=QUTD(1]4'2MXCLI9K[N<D,%RZRHU3]G26&DHR(&T_R8Z`,OE29KVU:M7T4
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M9/%$)1,9%':K_P`DM+OC'5[2S::VA1KUM=O94ZU2_:NL+&L^L$0CM>0@JK%/
M&]\C'\U(W&)T_*&:OD6&()D]RDS?R#1=1/!QDSONU;_)APU75'6CZL&ODK$[
M86;+5*13K;)!PXK,CL-34\/=LU9W.(7E[69;8;-VP+AC%/)!J@P<R+MJWBDL
MOLLI[,K&UCQC4/>&I['LC6<5.-GD/>:KK+%;NI(%G,QEPODG3X>J8M4;6[)8
ME:XAUB\L5G\<]4:SL<0JR+MDV=)Y1`R9$ZB^)&I2EAD8$M7O3-")MR-/DK"]
MCH`D(T>2&T[;I2OR)RH65Q-J15FV;2WD:SRFR.YP7F.UT4&1C.2C(I6F\:+"
M9<-EYZ(Z"&DU]9L:V:%BWKN;M,OLN`V])P4(VBE93*45)RS[731NU*==PEAP
M]Z%4Y2YZRG"<BY(SB7JC^V2-,=5#8,+,5N1H,)>LRT;7,-*#.[2G)2O:_AY]
M>-M,B:3<6628M^C6A2RS-!"39KKK)(J*'2E&1\%[O67BMH;(B9=SU2DZWL<3
M7W,<PTSLB9?3!)?7-&M:+_\`K"G/LM80+E*9O!$LQ[AHJY,W:\W&>D<IF(,B
M0J\2E4/9'53B*G?K#.(N'<8S;1,?7$R3%A;7K:-%+7(Q>8M,2CF174TO993*
MR^4(]M$QF57+E!99N@J,B7:\VM'["GK'$Q[1R@E#P=;GR==:G8R$>>7L%_I,
MS5IQFHLOA.QU:Y:OED'9DC9;9*9,J9E.8950+;!#'+O+SKW!ZI;`\62X[^[<
M-=]2G1#YVQ3Q/$=_:;<JM&=1`$WU_P"_7_<G9GRXM8QVO5C6IVH6;IVM>ZM.
M[K?_T-NC;A8X;\QQF26HJ.\AGOPVX68N8XLG$R*587N+VN%=LW:SEC(LV*NP
MYHQ$U2*(J%DUL'*<IL8P3EE^5OPA\,[9"`0)IBDJ8K4R_GXQ=VP5?/5).4<U
MQZ_-,2+UPX?V1DY>4V%5,TD5'33I(2--A/&8]GE`99\[Z;;A=X>VIFYD=35#
MD;-J@R2268J.4.IT*>V19Z@T5;.5E6[AK!3VW[,Y234*8F3S3G!\&*;&"C++
M_*/"WP^-]>36J$=451/7MCM5;N\_6<-G'59BUTV7JLW4)N1<Y<YD';NJO:+"
MDCN>MDC)I$LVJ)2-FZ2)!EE^5EPF<-T>O573/3=*2<TQ!\C`.<QQE7":DC,6
MJR.G\HLLLHK8IG-GO<Y+)OY'+MZC+33]\FJ5V]<K*C++\BW![PPN$UD5M)T5
M1%Q3F=#60-&&Z`]:84^*UXU0RCA?HL2J>OX)E`YD\8Q)GA&B+`SC+5,B6!EE
M8<+I;5-=V'-[8@Z%7(S8UB9/6$O;&C$J<FX;2JT0XF\)9YV6[%:Q.*]''DU6
MY$E9,\:TRZ,MEJWZ,A3CW@7X2WZRSA7258;K+N'3O)XQW8(?H7KMU9W*CYGB
M)F616+Y)*ZR[1!=#":K:-D7#%(Q&:AD,DY9\Z4I\)/#0@]B7[?2>OVRD%9U[
ME$-6L$@UB6%A<2D98#O&\&WRG#%;DM,,UFDVN6^6B,ZB6332*_Y7.1EE]2K\
M-FF*%2YRB:[I,90(6<<P<@HK6$RI24=*U(L7BC2,6[DRRA6_P`:#8^PVAB*1
M\8FS211;E0+T61EE/$M:4-!1^LE6(Q-24DXF9D#E(IRNI2"ODUL^(>J_I?M6
M87^QOI5/..3&'3D^<XR7."X(1UCH;3L:W3:,M>UQ%JDVCV9&^6IU4,-8J$M-
M;CD<I+*J$,1G!W65;$Y<9Y$WRG^_DS@G++Z\7J?7D.W.W8UEICIU:NY>.G;B
M0DI.3>TVUO[S7).9EY)V[E)J887&5<R9GCM99TX>+G5644,;.00_#+:9U[.S
M5@G96,F72UL(H6T1/QI=T*A83JUQK4\NIJB-K$C2I.0)`,&R";E:/.X2RU04
M(<JJ"1R#*_E%Z/U;"P;ZO1-528,)(I3/'+:5G4YU5X2V6F^$F2VC$I\3(V0E
MUNTM+8E$W99'$B_5<87Z7.#8"1UF@5JHR4C)03,K$SZ$K%8;LD$VK6.AZQ3R
MRYX"`B6;)LU328LW]AD77/5Z9R=9\H7*N42()(A-`&.7>7G7N#U2V!XLEQW]
MVX:[ZE.B'SMBGB>([^TVY5:,ZB`)OK_WZ_[D[,^7%K&.UZL:U.U"S=.UKW5I
MW=;_T=R?#G]/>B?1K6'@B#!,YY7*"````````````````````&.7>7G7N#U2
MV!XLEQW]VX:[ZE.B'SMBGB>([^TVY5:,ZB`)OK_WZ_[D[,^7%K&.UZL:U.U"
MS=.UKW5IW=;_TMR?#G]/>B?1K6'@B#!,YY7*"````````````````````&.7
M>7G7N#U2V!XLEQW]VX:[ZE.B'SMBGB>([^TVY5:,ZB`)OK_WZ_[D[,^7%K&.
MUZL:U.U"S=.UKW5IW=;_T]R?#G]/>B?1K6'@B#!,YY7*"```````````````
M`````&.7>7G7N#U2V!XLEQW]VX:[ZE.B'SMBGB>([^TVY5:,ZB`)OK_WZ_[D
M[,^7%K&.UZL:U.U"S=.UKW5IW=;_U-R?#G]/>B?1K6'@B#!,YY7*"```````
M`````````````&.7>7G7N#U2V!XLEQW]VX:[ZE.B'SMBGB>([^TVY5:,ZB`)
MOK_WZ_[D[,^7%K&.UZL:U.U"S=.UKW5IW=;_U=R?#G]/>B?1K6'@B#!,YY7*
M"````````````````````&.7>7G7N#U2V!XLEQW]VX:[ZE.B'SMBGB>([^TV
MY5:,ZB`)OK_WZ_[D[,^7%K&.UZL:U.U"S=.UKW5IW=;_UMR?#G]/>B?1K6'@
MB#!,YY7*"````````````````````&.7>7G7N#U2V!XLEQW]VX:[ZE.B'SMB
MGB>([^TVY5:,ZB`)OK_WZ_[D[,^7%K&.UZL:U.U"S=.UKW5IW=;_U]R?#G]/
M>B?1K6'@B#!,YY7*"````````````````````&.7>7G7N#U2V!XLEQW]VX:[
MZE.B'SMBGB>([^TVY5:,ZB`)OK_WZ_[D[,^7%K&.UZL:U.U"S=.UKW5IW=;_
MT-R?#G]/>B?1K6'@B#!,YY7*"````````````````````&.7>7G7N#U2V!XL
MEQW]VX:[ZE.B'SMBGB>([^TVY5:,ZB`)OK_WZ_[D[,^7%K&.UZL:U.U"S=.U
MKW5IW=;_T=R?#G]/>B?1K6'@B#!,YY7*"````````````````````&.7>7G7
MN#U2V!XLEQW]VX:[ZE.B'SMBGB>([^TVY5:,ZB`)OK_WZ_[D[,^7%K&.UZL:
MU.U"S=.UKW5IW=;_TMR?#G]/>B?1K6'@B#!,YY7*"````````````````'GS
M6'.W"ZGM[.*M-X7N$*YU;/2M^/"[+,YL\H[FE6]]H+"G[;=S9ZP]CT(PJDDO
M!(,(\B4J5-LR9*-S8*3R987%J^R2EAW7L1%*PVD\-`?%T-*15K4D$/;\RWML
M>C"R=4JV66(6I5"AQ#9Q$MWJ*R+ZV*NCOG38R2#-\\'D=2`ACEWEYU[@]4M@
M>+)<=_=N&N^I3HA\[8IXGB._M-N56C.H@";Z_P#?K_N3LSY<6L8[7JQK4[4+
M-T[6O=6G=UO_T]R?#G]/>B?1K6'@B#!,YY7*"````````'\'+ELR;.'CQP@T
M:-$%7+ITY530;-FR"9E5W#A=4Q$D4$4B9,<YLX*4N,YSGD"(R\D9T5513$U5
M3$4Q&69GR*TL^S:\G6K">F7?5KJX$@Y8]4:V>ZL6%:<V4K!QF"0L+Z*-)2C*
M#6E,)%=K-F[APFWR<R:9SXP7/O\`+M/TY^Z5?YRY_5V?Q4]+S.;Q>VV\-KI!
M[;*;FWU+8NQ9>*F5-H0FQBR;R?XF5-B.+%.6B5E-8'UFVD:/'':].PAIQ%Y6
M)9]$HQ[$V6T<YC\NT_3J^Z7KYVY?5V7Q4]+J/A2G&U,J+N,O4Y4(636C:>YF
MG[RZQ'79Z_$@NI7YZ=B785V8OD,231`WMWIFSV?<*++.4E3)D>O)_+M/TZON
ME$WVY_5V7Q4]+L"(ME6L"ZK:!LM?FW**73K-XB9CI)=)#GE3Z95)FY6432Z0
M^"\[.,8Y<XQ_O$3353UJ9A[L[>PM9F+*VHJF/-,3H>;_`/<3N/\`G#_3]6_@
M@V'R]C[GXSTN._=\1^H_RT_TG]Q.X_YP_P!/U;^"!\O8^Y^,])^[XC]1_EI_
MI/[B=Q_SA_I^K?P0/E['W/QGI/W?$?J/\M/]*VM(;BV/;]B1,%8K'[1BG+65
M47:^R()ISSMHYRN@;IV,6V<EYBJ>,\F#XQGDY,\N!BMK&SHLYJIIY?2OX9B%
M\O%[HLK:VRV<Q/)DIC-'V1#.7O+SKW!ZI;`\62X[*[<-=]2G1#\=Q3Q/$=_:
M;<JM&=1`$WU_[]?]R=F?+BUC':]6-:G:A9NG:U[JT[NM_]3<GPY_3WHGT:UA
MX(@P3.>5R@@```````!"ME>7-_[E6KL)^/=GVEGK1I5KYP=[W56S+R)&U<``
M`#J[A)_.EE[KY[6CA5O74IYV]P#B+;4]<.41::(``%\<-GFW!?@ISLAV,%X[
M*KT-I@W'V7-5HEX,;R\Z]P>J6P/%DN.NNW#7?4IT0_*L4\3Q'?VFW*K1G40!
M-]?^_7_<G9GRXM8QVO5C6IVH6;IVM>ZM.[K?_]7<GPY_3WHGT:UAX(@P3.>5
MR@@```````!"ME>7-_[E6KL)^/=GVEGK1I5KYP=[W56S+R)&U<```#J[A)_.
MEE[KY[6CA5O74IYV]P#B+;4]<.41::(``%\<-GFW!?@ISLAV,%X[*KT-I@W'
MV7-5HEX,;R\Z]P>J6P/%DN.NNW#7?4IT0_*L4\3Q'?VFW*K1G40!-]?^_7_<
MG9GRXM8QVO5C6IVH6;IVM>ZM.[K?_];<GPY_3WHGT:UAX(@P3.>5R@@`````
M``!"ME>7-_[E6KL)^/=GVEGK1I5KYP=[W56S+R)&U<```#J[A)_.EE[KY[6C
MA5O74IYV]P#B+;4]<.41::(``%\<-GFW!?@ISLAV,%X[*KT-I@W'V7-5HEX,
M;R\Z]P>J6P/%DN.NNW#7?4IT0_*L4\3Q'?VFW*K1G40!-]?^_7_<G9GRXM8Q
MVO5C6IVH6;IVM>ZM.[K?_]?<GPY_3WHGT:UAX(@P3.>5R@@```````!"ME>7
M-_[E6KL)^/=GVEGK1I5KYP=[W56S+R)&U<```#J[A)_.EE[KY[6CA5O74IYV
M]P#B+;4]<.41::(``%\<-GFW!?@ISLAV,%X[*KT-I@W'V7-5HEX,;R\Z]P>J
M6P/%DN.NNW#7?4IT0_*L4\3Q'?VFW*K1G40!-]?^_7_<G9GRXM8QVO5C6IVH
M6;IVM>ZM.[K?_]#<GPY_3WHGT:UAX(@P3.>5R@@```````!"ME>7-_[E6KL)
M^/=GVEGK1I5KYP=[W56S+R)&U<```#J[A)_.EE[KY[6CA5O74IYV]P#B+;4]
M<.41::(``%\<-GFW!?@ISLAV,%X[*KT-I@W'V7-5HEX,;R\Z]P>J6P/%DN.N
MNW#7?4IT0_*L4\3Q'?VFW*K1G40!-]?^_7_<G9GRXM8QVO5C6IVH6;IVM>ZM
M.[K?_]'<GPY_3WHGT:UAX(@P3.>5R@@```````!"ME>7-_[E6KL)^/=GVEGK
M1I5KYP=[W56S+R)&U<```#J[A)_.EE[KY[6CA5O74IYV]P#B+;4]<.41::(`
M`%\<-GFW!?@ISLAV,%X[*KT-I@W'V7-5HEX,;R\Z]P>J6P/%DN.NNW#7?4IT
M0_*L4\3Q'?VFW*K1G40!-]?^_7_<G9GRXM8QVO5C6IVH6;IVM>ZM.[K?_]+<
MGPY_3WHGT:UAX(@P3.>5R@@```````!"ME>7-_[E6KL)^/=GVEGK1I5KYP=[
MW56S+R)&U<```#J[A)_.EE[KY[6CA5O74IYV]P#B+;4]<.41::(``%\<-GFW
M!?@ISLAV,%X[*KT-I@W'V7-5HEX,;R\Z]P>J6P/%DN.NNW#7?4IT0_*L4\3Q
M'?VFW*K1G40!-]?^_7_<G9GRXM8QVO5C6IVH6;IVM>ZM.[K?_]/<GPY_3WHG
MT:UAX(@P3.>5R@@```````!"ME>7-_[E6KL)^/=GVEGK1I5KYP=[W56S+R)&
MU<```#J[A)_.EE[KY[6CA5O74IYV]P#B+;4]<.41::(``%\<-GFW!?@ISLAV
M,%X[*KT-I@W'V7-5HEX,;R\Z]P>J6P/%DN.NNW#7?4IT0_*L4\3Q'?VFW*K1
MG40!-]?^_7_<G9GRXM8QVO5C6IVH6;IVM>ZM.[K?_]3<GPY_3WHGT:UAX(@P
M3.>5R@@```````!"ME>7-_[E6KL)^/=GVEGK1I5KYP=[W56S+R)&U<```#J[
MA)_.EE[KY[6CA5O74IYV]P#B+;4]<.41::(``%\<-GFW!?@ISLAV,%X[*KT-
MI@W'V7-5HEX,;R\Z]P>J6P/%DN.NNW#7?4IT0_*L4\3Q'?VFW*K1G40!-]?^
M_7_<G9GRXM8QVO5C6IVH6;IVM>ZM.[K?_]7<GPY_3WHGT:UAX(@P3.>5R@@`
M``````!"ME>7-_[E6KL)^/=GVEGK1I5KYP=[W56S+R)&U<```#J[A)_.EE[K
MY[6CA5O74IYV]P#B+;4]<.41::(``%\<-GFW!?@ISLAV,%X[*KT-I@W'V7-5
MHEX,;R\Z]P>J6P/%DN.NNW#7?4IT0_*L4\3Q'?VFW*K1G40!-]?^_7_<G9GR
MXM8QVO5C6IVH6;IVM>ZM.[K?_];<GPY_3WHGT:UAX(@P3.>5R@@```````!"
MME>7-_[E6KL)^/=GVEGK1I5KYP=[W56S+R)&U<```#J[A)_.EE[KY[6CA5O7
M4IYV]P#B+;4]<.41::(``%\<-GFW!?@ISLAV,%X[*KT-I@W'V7-5HEX,;R\Z
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M&W5JW'+&0>RA:`]PB@L4[<AB&2,[*Y-G!W2>/NDSC[W_`.CS-G7%4433_$RT
MWN[56-5XIMH_)B>6>7HR^5`)KCZT/6F"DK8T=@P$6D=))62FJ8ZBF":JQ\)H
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M.Y<X+S<Y-R8$Q3595T373DC+H15;6-^N]ZL[K:157[$QY8Y:HF(SY'`5D2N5
M-CL3%PUG>*I$F<H,BRED)6(*.,\<\[JS3#V4L[5MERXYAN8GSN>?DSR8SR"Y
M\S9>]^#FOV7$/TH^*.E\9Y/2,>A9'3^HSS%K37K2-M[EY(4ILA59!^MU9BPL
MBRUN(G!O7KC]&DDZRD=0_P!TN,Y^P/F;+WOP/V7$/TH^*.E*<0FQLO&,=C4.
MQ\R$G'O):-88CX#+R0BHY6-0D))BU^(^G=Q[!>99D663*9-([M'!LXRJ3G/F
M;+WOP/V7$/TH^*.ET9P^/+M0++-25GTUMUFT>P66+<Z-79/#&<9?LU^9DC6:
M5.7'1(FSRYQR?8,%XM:+2FF*9Y<K:X3<+S=+:UKMZ8BF:<F>)\L>9SN_KVS(
MIB]E)33>S(V,C6CE_(R+^,@V;%@Q9HG<.WKUVXL*;=JT:MTS****&*0A"Y,;
M.,8SD9_F;+WOP:K]EQ#]*/BCI1:/F)>6<P;**IECDGEFCG4Q6VD>]IKQS8(A
MAEP5]*0:#:VJ*RT<S,T5PJNAA1)/*1^<;'-SR/F;+WOP/V7$/TH^*.E^!&VG
M<DK"C>O2BZ=V?.8NF*(S-$5);I-D]9QKR.K!B7$Q9]\TD9!NW51:=*HFNNF0
MV,&.7&7S-E[WX'[+B'Z4?%'2Z:TJAL&F;!BK!/Z6VVUC&K642662K<>Z.4[J
M.<-T<81;S:BIN<JIC'V8^S_:,5M;6==G--,\J_AN&7N[7NBUM:(BB(GRQ.>'
MD_M3A3XJ+)LO8]HBN';9:L+/WFX3T:Z6+4VV5(N4GY&19N%4E[2FJWR=HN4Q
MBGP4Q.7DSC&<#H;#%KC18V-%5I/M13$3R3Y(YG`W[^S\=M[[?+>SNU$V==K7
M5'\=&::IF/+YE$Q^A]VRQ*\I%ZU?22=M>OHZJ'C[CJ]X2S2$9E(LDPKQF]\4
M+-/8\RY,+I-NE.EDY>?C'+@9?WBX?JS\,]"K_P#%?W#]+1\='2'T/NU.*>3J
MFM7Q(..GS5.0F3W'5Y8IC:2%3,>M/)$U\PT;3Y"K$SEF<Y7.,&Q]S[<!^\7#
M]6?AGH/_`(K^X?I:/CHZ5QU'A'XL(F5=NGW#ELM)%6L7:,(8I:DIG+R:ID_#
MQZ?-3M1C8*J_?I$R;_A)@W.SG&,9R/%IB]QJIB(M)ZT?RSY)B?,SW?\`LW'K
M.TJJJNU&3V*XZ]&>JBJ(\OGF'__0VE<6WY+K7>C'9,B+5UZ]7,T./\/8Z_JE
MY0[#J%KL]EJ1XMA6%ZHT^];3O9MY"V=]AK/0$O%Q;!PC3[*B>N$6C%'+YL19
M@X?.$FJ?644"+%7N51,S'F<Y9UT445Y9GV_)R98S3'GCE\V?)R\BGT=)[':H
M(."-M?R#N.T_'Z29PDI8YU:OO(MC%2[3.PGZN*,95*Q'Z]AGB+*V43PP7<E]
MH_I.8//LU?9FR?\`5F_/LIY,M41-?M9<D9=7/F\N7SY.1:U`H]LA+9*2MF1@
M#QK!O88FE+P\^]<.&\3/3[*9F'TU#+T^)Z6T71]'(2$N[4E'R97:>$VR:93+
MK+^HB8G++#:6E%5$4T9<LY)G+'FC)&2<N:,T1DC[7I-4/I7O?_.G'ZY6Q7KX
MJCFZ6YN_@=ZUITTO/?:4%<YZ*@T*.G72R;6PE=/I";DE8=_%0RL#/1KYW4Y(
MM3NS5G9'1I`C/GN(]1,L>Z=9*8JW19%FJ)G)D:2QJHIFJ;3+DR>3EY<L9^6.
M3RY\^13S72UQB5JTC#,::C#T!U99"KQB]JGU$IO-HV93=@DAIW*M-<J13.II
M5X[5DZ*>35<.$&KHR:.2F2+X]F>3)DR1TL\V]$Q5[4U>U5DR\D<F2F8RQR^7
M+RYO+#[M6U==HNQTMX_)3V$17[19;M)Y@963.J[?VFLVB&^&\0[FKM&[UI4U
MK"FUBY8SULJ2&9I-.HIXQSA,4SEC-D>:[:SFBTB/:FJ8B.7[)CERY?+DY8R9
MYRY7K-P??^1/^DO^YQ6O?^WZ?4W7]O?^7_@_U+=WY2;]>X.`AZ(RIRW/E)-O
M;'MDL+ZL3C6HRM9FH>48T:;;4'8B$-/3BK])JY>JL#*(Q)W:;<R3I9%TVINE
M4G%Z`VE`V;75CBX_7'1Z6E;RM5(?XYL[3^IK/8#VWE7>[&F"ZS>*P,W3FEER
M\9'1;3G79)V_R8[3#K*I1E?8T]PY[&USLG7USG;O2K##U?0^-0/8]K5)UE8H
MY./B]/-H>)A)]:T.(R1K*<Y1YF4456C&CLKB5,GS5$SDZF,KLT$(%L^*L\W1
M9^.I4?3I*W*I,EZVA?SR!:@A-,9-D_CI29+%1\F_<)0KEL5XD@FERN%T")Y4
M2*?*I`XXG.%O9-BJ%FHYW54B$-DM&CVX7ES>9>TWBL65I;=CV^57J_4]546(
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M_]':5Q;?DNM=Z,=DR(M77KU<S0X_P]CK^J7`0O.5``!UW4/I7O?_`#IQ^N5L
M5:^*HYNET%W\#O6M.FER(+3GP``=J\'W_D3_`*2_[G%.]_[?I]3I/[>_\O\`
MP?ZG:PIND``````````````!_]+:5Q;?DNM=Z,=DR(M77KU<S0X_P]CK^J7`
M0O.5``!V)1&;N0X7[LS8-7+UVO..2HM6B"KERL8KJN'-A)!$IU5,E(7.<\F,
M\F,9R*E<Q%YHF9Y,G2Z&ZTU5X)>:::9FJ:IY(YZ7,?P1=/Y0M'[@EOV06?;H
M]^/O:3Y:\?3U_#/0?!%T_E"T?N"6_9`]NCWX^\^6O'T]?PST'P1=/Y0M'[@E
MOV0/;H]^/O/EKQ]/7\,]#L'A0@YJ&^/O;$1*176?A;J_M*/=L>GZ'XCZ;H>M
M))=+T72EYW-Y>;SL<O\`MP*EZJB?R\DQ.?U.AP&RM+/YK\RSJIR^SGB8][SN
MPA4="``````````````#_]/:5Q;?DNM=Z,=DR(M77KU<S0X_P]CK^J7`0O.5
M``!Z,<*_EDOWHE?U2+&OO7:>AU^!\%.O.B%]2<H^8/(=LUKDS-(R;TS5[(1B
M]>29UU`J65,2,P29GHE^NR.?',P6/0?..=G[4L%^\*[<N$K#,;8B*#5VDE:-
MGV'9J&S-\8@7#&*L%=:6)E&[YFV%6.JQIU2E828DZ]03-D:[`6!>,K4S&K*O
M'[S*+!9\U)6[PSS=RE6T@G97-T?D+0M5R=D=72.LC)=KNN6;VS^K\'#_`!*Q
M8';0\6=E$'*P8$Q%1ZSA1)L5/E.D02ZI!````````````````#__U-I7%M^2
MZUWHQV3(BU=>O5S-#C_#V.OZI<!"\Y4``'HQPK^62_>B5_5(L:^]=IZ'7X'P
M4Z\Z(=)BNW(```````````````````#_U=I7%M^2ZUWHQV3(BU=>O5S-#C_#
MV.OZI<!"\Y4``'HQPK^62_>B5_5(L:^]=IZ'7X'P4Z\Z(=)BNW(`````````
M``````````#_UMK?%+$2LQ4*\A$QDA*+)63"JB,<R<O54TO9;\G2'3;)JG(G
MSS8QRYQR<N<8%F[3$5U99R<C28Y9VEI=[&+.B:I]OR1E\D^9PS\$73^4+1^X
M);]D%WVZ/?C[W,?+7CZ>OX9Z#X(NG\H6C]P2W[('MT>_'WGRUX^GK^&>@^"+
MI_*%H_<$M^R![='OQ]Y\M>/IZ_AGH=_<,\9)1.N5VLK'OHUSFR2:N&\@T79K
MY2.UC2D4PBY334RF;),XQGDY,YQD4;S,3:98G+&1UF"T5V=SFFNB::O;G/&3
MS.A17;8```````````````````!__]??P`I3=ECG8*I3QFM6O\O"IQD6NX>:
MO4>/+P_=KV>*8*5.'B8)D\M3%&:8+G3>S$?S'40P46=H*(K($6(3#E;6J>^/
MZE:\8YF;T]@I*PV1]:YJ=;[Q:-JGJ.0U?>E(/7\?&[3H$73K+-U#;YH3*%MF
M527>6;)G3<QQ8\YS`<CKK236V,*#[/NTO9[!/QUWVO'9G[DV9,['.0T?M6Z,
MZM,OFT7$0$.FE*5=!FNWZ@Q9Q^6JB>6J*;?*1,"5M`@`````````````````
?````?__0W\````````````````````````````__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>g36434g29v60.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g29v60.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0P`4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````G````(,````&`&<`,@`Y
M`'8`-@`P`````0`````````````````````````!``````````````"#````
MG``````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"6,````!````7@```'``
M``$<``!\0```"4<`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!P`%X#`2(``A$!`Q$!_]T`!``&_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#M1TKZPU!S<;.95N=8YH>76NW$';8]]K/=7N_[3MJ_1?SMF3EHKL'K
MKG!].<RVEKG"L[MKGU.#'M#[64VL9<VWU&^MZ-OZ"JK\_(N]-Z_JXT.L??D'
M(?91=C!UC9AE_I>H[5WT['4>ID?X.VSZ#*4(?5S-VNI;GOJIV[F>GNTM-IN<
M[TB[W,KI_1,]6V[UWVV6Y/\`-U)*3TX7UA9E566YK+:6VN-K-H;NK(#6[6BO
MVN_X/U?^NV)L7$^L->979E9=;L9MCB^N9):]NUK?YBKW-O\`<S_MM0;]67-<
M0S-L927/<ZEH+6DV7/RK?HO#OTKK?TO^?[$7$Z%91EUWVY;\BM@(--@W`NEE
MC;/TC[-KV7U^NW9_A/\`K:2FK7A?6M]#7/S64.V'<QVU[@_;_.FQM/I[/^Z^
MW]7_`)[[1E?S"/;@?6/<X49S&M#G&LNAQ((BDO;Z7M]/^;LJW_IG_K7J4_T=
M0R_JWE9/KM_:#VUWVNMV%I<`'D;ZO=9[JW4_J[O^!_FO21<?H633EU9!ZA;8
M*K'O+'B=S7C;L?[O3W?\(VK_`,S2D_3L+J./EWVY>2<BI[&LJ!=]'8^Y\FL,
MKK]1]5U?J6M_T2T4DDE*22224I))))3_`/_0]523;F^([_A])($'@^:2ETDE
M0R>KTU$LI'JO'<?1']K\[^RFRE&(LFDQB9&@+;Z:0.5S]O4,RT^ZPM'[K/:/
M_)_])5S[OI>[XZ_E4)YD=(WYZ,PY<]95Y/4;FDQ(GP3K@>H,9]L<0T`AK=0-
M>`FHSLW'(-&197'`#B6_YC]S/^BH?OX$B##8UH67[E8!$]QU#WZ2Y?"^M=["
M&9U8M;_I:A#A_6K/M=_8718N7CY=0NQK!96=)'8_NN'TFN_K*SBSX\ORG7]T
M_,U\F&>/YAI^\/E3)))*5C?_T>T;]571+KV->YVYY96X"6G<QE;77.]*FZL,
MQ>H5_P#:_&_G;?6M?<K?2.B.Z9?=<<@6-N'N;LVP9W!K7%[]N/C_`,UBT-_F
MJ?YSUOYQ:RR^L99`^RL.KA-I'AV9_:39R$8DE=")E*@@S^HNO)JI,4\$CE__
M`)@J*22I2D9&RW(Q$104DDDFI<KJ!_6W_!O_`%(5=6,_^EV?V?R!5U3G\\O,
MMJ/RCR"D?#S,G"O%^,[:[\YI^BX?NV-0$DT$@@@T1U20"*(L%[KIG4Z.HX_J
MU>U[=+:CRQW_`'YO[CU<7!=.S[.GY;<EDEH]MK!^<SN/ZS?IUKN?M%/V?[3O
M'H;/4]3MLC?O_P`U:F+F3/#,[9(1)_#TR<_)RXAE@-X3D/[8O__2]3>YK&E[
MM&M!)/D%S5ECK;'6N^D\[CY3V_LK<ZH_9@V1RZ&_YQ#5@JMS$M1'PML\N-">
MYI2222KLRDDDDE.3G?TNSXC\@1L6BNVES7T$O<RVRNP;MSS7M_1T.;^BJ]+\
M_P!5GZ;U$'-_I=OQ_@$)MEK6EC7N:QQ!<UKB&DCZ+G-!V[FJI8$Y$B]2V:)B
M*-:!OO9@UWMJMQXM.YKJJRYS6G>WTZM[[&[LEM?J577UO]&JW_!V*KDXSJ0Q
MP+75N`:'`R2=K+=S_P#C66LN;L_P;T-UUSR"^Q[RV0TN<YQ$Z.V[B5$N>0UK
MG$M8(8"20T>#`?H?V4I2B;TKM6BHQ(K7SZK+8QLLV_5O,Q''7'<S;_Q;WM=M
M_P`[U&?U%CHM%FQF0WM;4&_,65/;^1Z6.?"3_6C*)_PHJG'B`\)1D/\`!+__
MT_1^L?T/^VU8BW^ILWX-L:EH#O\`-(<L!5.8'K^C:P?)]5)))*%E4DDDDIH9
MF'<ZU]U8#PXR6CZ0^7YRH\&#H1R"MU0NHIO'Z5LGLX:.']I0SPV28FB>[+'+
M6A#BI*Y=TZULFD^HWPX=_P"1<JA!!((@CD'0J"491W%,HD#L5DDD:BO>S(=V
MJJ#OF;*F-_[^@!?\NR2:?__4]4<T.:6N$M<((\BN9MJ=3:ZIW+#M^/[KO[35
MTZS.KXA<W[36)<P18!W;^]_84.>%QL;Q_)FP3J5']+\W)22251LJ22224I))
M))2E"VFJX1:T.\#P1\'*:21`.A3=.?=TVQNM)]0?NG1W_D7*[C8%M7U=R\AU
M;O5R',VLCW>FQ[1]'_MRS^HK.)C.RKA6-&\V.\&_^2<NA]-GI^G`V1MV]HB(
M3L7+Q]4ZT$9`#S"W)GEZ8=3*)/T+_]7U5))))3C=0Z8ZHF['$U<N8.6_U?Y"
MSUU*I972Z+R7L_16'4D<'^LQ5\F#K#_%_@V,>?I+_&_BX:2M7=,S*OS/4;XL
MU_Z)]RKNKL9H]CF_U@1_U2@,2-P0S"0.Q!8I)`$Z#4HU>)E6'V4O/F1M'WOV
MH`$["TD@;FD*+CXUV2_94)(^DX\-_K*]C]%<2'9#X'[C/XO_`/(K3JJKI8&5
M-#&CL%-#`3K+0?BQ3S@:1U/X,,7%KQ:O39J3JYQY)\49))6>$5PUILUN(W=Z
M[O\`_]D`.$))300A``````!5`````0$````/`$$`9`!O`&(`90`@`%``:`!O
M`'0`;P!S`&@`;P!P````$P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`
M<``@`#8`+@`P`````0`X0DE-!`8```````<`"``!``$!`/_N``Y!9&]B90!D
M0`````'_VP"$``$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$"`@("`@("`@("`@,#`P,#`P,#`P,!`0$!`0$!`0$!`0("`0("
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`__``!$(`)P`@P,!$0`"$0$#$0'_W0`$`!'_Q`#```$``@(#`0$!````
M````````!P@)"@0%!@,"`0$!``("`P$!``````````````8'`0@"!`4#"1``
M``8"`0(%`@0#!`<)`0```0(#!`4&``<1$A,A,105""(603(8"4(C%V%Q)#=1
M4C0E=396@7(S8[-TA;6V&1$``0,"!`(%!@D("`<``````0`"`Q$$(1(%!D$3
M,5%A%`=Q@2)2<A6Q,D)B@K(C0Q:1P9*B4X,7"*'",W.3LR4VT:,D-%1D-?_:
M``P#`0`"$0,1`#\`V+H:P_./6]DV?(4N$W'?/>%'[JXV;9\9O/HU<U?;[@RF
M8U35\RKNFB;3MT7JJT2JT7*ZB02K@,88#/JVX=&81087+!>_0V]^YP2HSMZ<
MT".>S;.1U[1XG5K'5SB.1?O-G_'MCZ7:7N4A-.YX*]0ODE/Q!K"R`1]CKR4X
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M^1A)7]3=7AJFW0<"*<6^GEF:ISO"-#MF*>BLO&J'$L[U;K5U//9R2G7-`IKB
M:D;/!NZS97\LM78Y21>V&MR$?$OZ]..GACG=L5VK99HX,=(Z29B"0,KBO?X1
M,(F$3")A$PB81?_0VAI7]Q._7J<U;4]0:\I<2^V'M?2K927M5X>SKJ$U!?MD
M;`I,P2W5N#J`*:]W,J[U;(HI0#]=P@@BL90':KMD_9L\+E3K7H=O?-'<>LOD
MA;:9&UBNW:CPUF5H-0H];;0#NUW>XJ_&]WN2*I\Q.&V<EL'7NQ9^U-@3CU#T
M&5IZE9,DX6E4G+DXL2`8+IU_W38.?EH!KKG7,1+5;8T):7^I-AV'8+II#7)<
MMAV;0]92;F"JU&MDG6:=L.]ZL?IMI276C&SZ+517A#S3GU#)LJF5>'@_W;1C
M]?5^9N^H&,G;TM+5B\VUO3+@_C89]=9;XRQ?R<=MJ:2UU9-H^H2E7DB1H.4Y
M:0F6,]WFJD>NR9N)<%4RJ0K%^YG+U0\]$S.A6)+-&OK_`%Z+9L=N&?0TM:=3
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M'*JT=D,`E$2CSR`B&97%>APB81,(F$3")A$PB81?_]'?51I]2;KNW3>K5Q!T
M_G$K._<HPD8DN]LJ")&R%A=K$:E4<SB+=,J9'9Q,X*0H%`_``&$7&EJ+4)N0
M=S3Z`CRV-Y`/JL:W1R9H:ZM(&1(J1S'Q-UASL+7"$ZES*)G9O$%4%N%4S$4`
M#`1=-4=1ZRHD)K^O56CUR,C=55EG3M=B:.1D)*HUME'M8M*,B)R3![-HD68L
MDB.%!<&6="7K6.H<1,)%V*>M]=HII(HT*EI(HP*U5123JT&1-*L.'1GR]<2(
M5B!4X%=Z85CLP`&YE1$XD$WCA%]9'7M!EVSYG+4>H2C24)()R361K4*];2*<
MO*MIV63?(.62J3LDG-LT7C@%`,"SI(BI^I0I3`1=V_@X24AW%=DX>+D:^\8F
MBW<$_CVCN'=1ATNP:.<1CA%1DNQ,A]`HF(*8D\..,(O*OM5:OE#-CR6MZ#(G
M91S&'9F?4^O.S-(F+%T,9%MC.(Y04(Z.%ZMV$"<)(]X_04.LW)%SW^O:#*IS
M:,I1ZA))660CY:QI/ZU"O$Y^4B2H%BI*;(X9*%E9",*U2!NLN"BB()EZ!#I#
M@B]:4I2%*0A2D(0H%*4H`4I2E#@I2E#@"E*`<``>6$7ZPB81,(F$3")A$PB8
M1?_2W^,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB__]/?XPB81,(F$3"*
M#[Y\A=:4(ZS-U+&G9E$3$/#UXJ4@X15+X"1X[%5*.9F(?@#D.MWBAY$'CC(;
MK>^]NZ(7Q277.NQ]W%1Q!^<ZH8WM!=F'JE2_1MCZ_K09+';<FU/RY:M!'S10
MN=V$-R]H54[+\R;B^,JE5J["P+<1,4CB0.O-2`%`1`JA1`6#%,Q@\1*9%4`\
MN1\\K+4?%K5IBYNFV$,#.MU9'>7Y+1Y"UWE5D:?X5Z5"&NU&^EF?U-I&W^LX
M^4.'D4-R?R`W%+',9Q>Y9`!'P)&)L8@A0Y`0*7VMHT-P'2`<B(B(>8CR/,3N
M-\[LNB3)K4K?8#6?4:U2FWV3M:V`#-&B=[9<_P"NYRA3;>YMLQ>OK+(LMI;%
M8/$DF0(.V-ULK1PBHXE6+<!15;2:1T>KO=(](A](B'ED'WEN_=-IMO5+F#<V
MH1S!K:.9<3-<"Z1@P+7@CIIAP4MVSM3;5QK=A!+MVQ?$2ZH=!$X$!CCB"PUZ
M./%4YAOEW\FX(R9F.\-AKBF'!?>9]S8RC]1C?S"V'W0JH\F\S`/AP'D`91]G
MXN>)EB6F#>^H.I^TE,WY>;GKYU:=WX8^'UX")MH6(K^SC$7^5DIYE9&D?N@?
M(NNJHEM:--V$R#@'`RD&2`E%"AYF;O:N>+CFZIA\Q.R6+QY%#SRQ]$_F=\1-
M.>P:JRSU"'CGB$3SY'0EC`?+&X=B@6K_`,O6Q;YKCIK[NQEX9).8P>5LV=Q'
MDD:>U9!=0_N8Z+OZK6+O3>4U-.N!(F"DV<LS4CKG%,I4D[-'H(K-`ZC&$RCY
MDS;D(7D5>1X#8':/\RVQM?=%:ZY'+I-\["LGVD!)I@)F`%O&IDCC8`,7<%26
MY_`#>&BMDN-'?'J=FW&D?H34%<>4XD'AA'(]Q/0U9#HZ2CIABTE(A^RE(Q^B
M1RQD8YT@^8O&Z@<IN&CMLHJW<(J!XE.0PE$/(<V%M[FWO((KJTG9+;2-JU['
M!S7`]!:YI((/6#14=/;SVLTEO<POCN&&CFN!:YI'2"TT((ZB%S<^R^281,(F
M$7__U-MV3_<+;,;C*:U1T)L53977#2%9ILA-U"&>/JW*TG<.R#JW-P^D@+K.
M[-Z1I*0D"UV3)ZXZ,U!G,9-)Z[5CBS3M7B9#]UW3R,;6K%%T>V254VN\E:_H
M"PKR,'')[5N%8LVN*E;X!U$F7<SE.)"2NRT%$5%6[QS)-HF2%LV.X+'-I+%5
MG*5D5U=?XO:VMZ)LN$2(A%7RIP-K9-23%?L'HDIR-;R'H#S=3EIVLRBS`ZXH
MJ+L'KIH=0@BFJ<O!ARN)P79W"YURAPCB?L\BE'L$`Z4P'ZW3UP)1%-FP;%'N
MNW:O'@4H>``)C"4@&,'FZMJ^GZ)9R7VHW`C@;T=;CP:T=+G'J'E-`"5Z.EZ5
M?ZS=QV6GP%\SOR-'%SCT!HZSY!4D!8U=K_)*W[!4<Q<*HO5:F<3)@P9KB23D
MD>.GJF)!$2G$BI1'ENB)40`W2?N\`<=>MS^(.JZZZ2VLW.MM+.&5I]-X^>X=
M?J-HW@<U*J_=M["TO1&QW%VUMSJ0QS.'H,/S&G##UG5=Q&6M%7#*_4[3")A%
M%&[_`/*^S_\`PO\`^AB<AV_O]IZM^Z_SHU)=H_[AT_\`>?Y3UC[S6]78F$3"
M*P&C/DWMWX^RJ;NB6-8T(HN5:4IDP9:0J<N7K*97OQAED_1.E0#CU30[=T`>
M'<Z>2C8&Q_$S=WA_=MFT+42;(NJ^WDJ^"3KJRHRN/KQEK^&:F"A.\/#[;&]K
M9T6LV`[V&T9.RC9F=5'T](#U'AS.RN*V#/C+\O=;_).*]/%*?;5_CVH+SM%D
MW"9WJ:9>"JR,$[Z4B3L.!QX%0A2+("(`LDGU$$_Z`^&?B[MSQ(M>7:N[MK\;
M:RVKR,P'%\3L!+'7B`'-PSM;5I=I+X@>&&O;"N<]RWO&BO=2.X8/1/4V08\M
M_826N^0YU"!;'+75:IA$PB__U=R=A\"=!Q]?D*T17::S!]=)S8B3I7<&PDIV
M+NULC[7"W6RQ-D9SK6>:3%XKUXE8Z8<"Y.J^9O!(H;J31.F6:KG+_`[XSFD%
M)./ILS7W+0Z#JHDK%YNE>9:RE"S%+GY":U7'14ZUC]?2UAF==PJ\JK&I(!)B
MQ$CDJB;EX1P2I4R,VFM_C7J2'@89HI!46AP[:#K\4:1?S$H[[13BW:C*3KY[
M,3\]*.!.LX=O'*SIRL=5PX5,85%,\O6-7LM"T^?4;Y](6#`#XSG'H:T<7'X*
MDT`)7I:1I-YK=_#I]DRLSSB3T-:.ESB.AH_X`5)`6,#9>S+'M"P*S,XN8C5(
MZR<-#I'$64.Q4.!BMT"\$!5P<I2]Y<P=:Q@#G@H%*75K<6XM0W)?.N[U](@2
M(XQ\6-IX#K/1F<<7'L``V:T#;]AMZR;:6;*R$`O>?C/<.)ZATY6]#1VDDQWG
M@KW$PB81,(HBWHKV]93Y..>^M#)"//'3Q-1ZW/EX^*/'_;D+\0'Y=J:B*?&=
M$/\`FL/YE)]GMS;@LC7H#S_RW#\ZH#FN2NI,(F$3"+NJY9)^H3L79JO+OX&P
M0KLCV*EXMRHT?,G*?(`HBLD(&`#$,)#E'DIR&$I@$HB`]W3M2O\`2+ZUU/2[
MN2#4(7AS)&$M<UPX@C\A'002"""0NI?V%EJEG<:?J-JR:RE;E>QX!:X'@0?R
M@]((!%"%L>_"WY?1WR-K)Z_9SLHO;=8:$/.QR`=AM9(M/LH%M<0ATE32*HNJ
M!'C8@F],L(&*!4E4RE_1KP8\7K;Q%TQVGZF61;MMF?:L&`F8*#GQCH%2:2,%
M<CJ$4:YH&B'BQX7S[$U`7NGA\FV;AWV;CB8GFIY+STF@%6//QFX&KFN)O-EX
MJGTPB__6W^,(OR<Y4RF.<Q2$(43G.<0*4A2@(F,8PB`%*4`Y$1\`#,$AH+G&
M@"R`7$`"I*Q-?(';*VS+>JBP7'[2KRJ[*!2(8W:?'`_0ZG%"CQUJ/S$_E<@'
M0W*0.`,)Q-K!OG=#]Q:JYD#_`/2X"6QC@[UI#VN^3U-IQ)KLKLG;3-OZ6U\S
M/]3G`=(>+>J,=C>/6ZN-`*0)D(4S3")A$PB810[O?_+68_\`=Q'_`-FUR$^(
M7^UK[VX_\QJE.S?_`+]K[+_J%4&S7170F$3")A$PB]CK^^VC6%RK]\IDDI%6
M.MOTG\>Z)U"F<2\D<,GB(&(#J.D&QSH.$3#TK(*&(/@.>QM_7M4VQK.GZ]HU
MR8M1MI`]CN!X%KA\ICVDM>TX.:2#TKRM;T73MPZ5>Z-JMN)+"X86N''L<T\'
M--'-<,6N`(Z%M6:'W)7=\ZPKFQZX((DE$!;3,490%%X"Q,BD3F(5P/!3&%HX
M-U(J"4O?;*)*@`%4`,_5'8F\=.WYMC3MQZ=@V5M)&5J8IFT$D9]DXM.&9A:^
ME'!?G%O+:M]LS<-_H-_B8W5C?PDB=BR0>48.&.5X<VM6J8,EZBZ__]??XPBK
M+\IMA*4Z@>QQZXHS-T47BTSIG$BK>&0(F>:<$$!Y`54UDVW_`'7!A`>2Y77B
M5KKM)T/N4#Z7=X2P4Z1&*<P^<$,\CB>"L#PZT-NJ:UWR=E;2T`>:]!>?[,>8
M@O\`*T#BL6^:VK8E,(F$3")A$PBA7?RAB:Y>E*/`*R<4F?P`>2@Y[H!_9]:8
M#D$\1G%NV)P.@RQ@_I5^$!2S90!UV(GA&_X*?G5#LUY5RJ78G2-XF:RSLK4*
M^C[M!SUHK]>>V.)9VVQUFL#*A/S\'7EW)7SR.CQ@7W`B!%''HENP17MFXEUI
MLG7+W38=2B%N.;!+/%$Z:-L\T,&?FRQ1$YG,9RI>HOY;\@=E*C%SNW2+74)=
M/DYYY4T<,DK8GNABEER<N.24#*USN9'UAO,9G+<P7T>Z,OC&NNI]0D`NXCH"
M%M<O5&5DB'MVAJO8O:AA9^4K#9RI(MF3TDZR,8G!G#<CM(RZ213@.<IMC:]!
MI\M^YMNZ2.WCGD@;-&ZYC@FR<N5\(<7AKN;&2,7L$C"]K05B+>&C37T=D#,U
MCYI(63.B>V"2:+/S(V2D!I<WER`'!KBQP8YQ"^%BTM=:P^CV$A["X.[>6.,>
MN(F?C9=G`2]-8HREQB+`YCUER1[^L1BY7#HOUD%+D4C*B4P!\]1V7K6F3V]O
M<<ASGOF8XQRLD;%);M#[B.4L)R/A80]XQ&6N0NH:<['=FDZA#/-!SFAK(GM#
MXW,=(R=Q9`^,.`S-E>"UAP-?C!M16)<B:DJ819+_`-LS>2M#VVXU3+NS%J^U
M2`E'D55X;QUWBVZRT4N0#FZ4_?&)%6)P('6LX%J`CPF&;*_RT;X?H.[9-JW<
MO^EZJ*,J<&7+`3&17HYK<T1IBY_*K@U4#_,!M!NL[9CW):Q_ZCIIJZ@Q=;O(
M#QV\MU)!7!K>9UK8.S]`UI&O_]#?XPBQ3?*&UGLFV)9FFJ*C&K-FM?:%`?H!
M9$GJY,W1Y`J$D[42,/B(E2+^```:R^)&IG4-SW4+75AMFMB;Y1Z3_/G<0?9"
MV0\/--%AMJVE+:37+C*?(?19YLK01[15=L@2G*81,(F$3")A%"7R`_R[<_\`
M%HO_`-4^0+Q'_P!LR_WT?PE2[97_`-V/^Z?\"HCFO:N-7+TJA7JLBTM<M>=>
MRU,G=<VJ'NAYN8C(C:&N'CF*N<0:L:]@U)\;F\?2Y7Z*B+V*:*Q[E-\*3KM%
M*N&7)LN/3]+9#JMUKFGRZ-/IT\=SS9&1WMFXLN(^3:1&7O#G29VELD$9B>)<
MDN0"155NQ]]J+Y=-MM'OHM5AOX7P<MCWVETT/@?S;F01\AK697!T<SQ*TQYH
M\Q+%]+BT2I%!G6U,N%`M<]:JA!MME;'D-L5F;N<JR%*#E'=$H]73F#R47"Q;
MZ/09N%E"N9&239_2+9J8S<W+6(6:)H-]'HVL:?=W]U9Q"\O'W\,EP]M(GNM;
M:`29V1L<QL;W$/EF$>'*B)C/'2Y7:OK5G)JNEWMM9VUU(;6U;9RQP,=61C;B
MXF+,CY'M<Y[6@LBB+\>9(`\<&I;!-=F[&-VI8XR1=6]O;S,VRKJLT6.<%91I
MY-%.WV.-:Q;5E+;:V'78IG)SL@H23%A%"#AT1!V1RE\-(W`=;9!;;IU&*26[
M;<9070VK#E9G`N)F-8ULE_=PP1S7,I$W*@(DE$<HD9]]3T0:0^:?;EC)'':N
M@S$"6X<,S\A,$3B\N99VTLSXK>(&+F3#)&7QF-T![6B:K"79_'T]PT6BDX^O
MKN4(V:0LT3%V!W`1KNSPD/96JBS>PQ$-85G+9L[(=4JJ28<+.``'"L"W5::5
M9:U/;Z/(PVHCB+@R031LE=$QTT<<S21+''*7L9("X.:!1\G]HZ9[;N=1N](A
MGU1CA<E\@!?&8GOC;(\12/B(!B>^(,>YA`()-6L^(V.LCJ]U=K!34C6YR&L4
M.X,TEX"5CIJ+=%#DS:1BG:+YBX*'XF1<H%,']V=NQO;G3;ZSU&SDR7=O*R1C
MO5>QP<T^9P!76O+2"_M+JQNF9K::-T;QUM>TM</."0MG/]6M/[7?](?L_I=_
M4WW>LW;]F];[=[%U=/'N'K_Y/1^?N?3QSGZ:?Q9T?)S.4<GX7]\UX<O-DY7M
MYO1ITUPHOSZ_AGJF;)S!G_$7NFG'/ES<SV<OI5Z*8K__T=_8YR)D.HH8"$3*
M8YSF'@I2%`3&,81\``H!R.8<0T%SC1H"R`7$-:*DK!K/RJD[.S4VL)A6F):1
ME51/XG%20>+.U!/XF^KJ6'GQ'QS3.^N77M[>7CZYI97O->MSBX_"MO[*V;9V
M=I:-IEBB:P>1K0W\RZG.JNRF$3")A$PB8103\B!$*`F`"(`:?C@,`"(`8/3O
MS<#_`*0ZB@/]X97OB62-N-H>FY9\#U,MC`>^G8?<.^%JHUE`*WTPB81,(F$3
M")A%:7^J;K^G?MWJS^X?I:_I9ZCD.[Z7]4OW3Z3\W'1]K_X7CC_P?PY^K+2_
M%,OX=[OSCWC\+=QKQR^^^?E_P/0]GMQ5=?AR/WYS^4.1^(N^4X5]T<G-_C>G
M[7Y%_]+?;M!SIUJQ*)F,0Y(*6.0Y#"4Y#E8.!*8I@$!*8HAR`AX@.=/426Z?
M?D&A$+_JE=S3P#?V((J#,SZP6#K--%MZF$3")A$PB81,(H0^0#-V\H/#1JX=
M"WFF+E<&Z*BPHMDT'I5%U03*84T2&4*`F'@H<AR.0'Q'@FGV[2&)SRV=CCE!
M-&@.J33H`J*GH4OV5+%%K7VLC6AT3@*D"I);@*\<.A43S7Q7$F$3")A$PB81
M,(OKWUNCM]Y7H[78Z.X?H[/>]3V>GGCM>H_F=/EU_5Y^.<\[Z9<YRTI2O"M:
M>2N-.O'I7'(RN;**UKT<:4KY:85ZL%__T]^6;:'D(:78)CPH]C'[1,0`#"!W
M+15$H@43$`>#'\N0_O#.M>1&>TNH6_&?&YH\[2%V+240W5M,[XK)&N/F(*P8
M9IBMP4PB81,(F$3")A$PBBBXZ=IUN[KD6GLLLIR89**(FB*J@^/4\9\`V==0
M^)C<%5'_`%\A^M[(T36L\O)Y%X?EQT%3\YOQ7=IP<?64ETO=.J:9ECYG-MA\
MA]30?-=TCR8CL55[CI>X5/NN4FWOT2GU&]PBTSG523#^)Y'_`%N6_!0$3&+W
M4BAYGRH=;V-K>C9Y61=XLQ\N,$D#YS/C-[2,S1Q<K&TK=>EZEEC=)R;D_)><
M"?FNZ#V5H3U*(\ABDR81,(F$3"+O_MY[[=[EP/8]@^X>>V?CT7W1]I\]7Y>/
M<O#J_+S]/GG?]W3]W[S3[/N_.Z#\7G\CZ_'HX=*Z7?H>?W>OI\[E=/RN3SOJ
M\/.O_]3?XPBPJ[+@3UC8-R@C%$A(^Q2A&P"'`F8K.CN8]00_#NL5DS<>/'/F
M/GFH.XK(Z=KNK61%`R=]/9)):?.T@K;+;]Z-0T32KP&I?`ROM`4</,X$+P^>
M,O73")A$PB81,(F$3")A%&5QU-3[EW7#IC[;*GY$):+`C=R=0?'J=I=(MWO(
M\<BH45.`X`Y<BFM[.T37,\DMORKP_>1T:XGYP^*[MJ*TP!"D&E[EU32LK(YN
M9;#Y#\1]$]+?,:=8*JO<='V^L=UTP2^Y(HG)A=1J)P>HD#^)U%]2JY>``1$4
MC+$*`<F,&5%K>P-:TG/-;M[U:#Y3`<P'SH\3^B7`#I(5C:7N_2]0RQS.[O<G
M@\^B?(_`?ERGJ!4,B`@(@("`@(@("'`@(>`@(#Y"&08@@T/2I7TXCH3")A%D
M3_HDX^P_8O;C^Z?_`,^?ZM]_MJ=SU/ZD/ZC=7ET>J^S_`/#=''5V_P`.KZLV
M'_!,GN+N/=SWK^'W?ZT-:^]^]_I=W]"G33MQ5&?BV/WSWSGCN_XW[E2HI3W7
MW7\G/]*O17LP7__5W^,(L<?S$IAHVVP]U;)#Z2RL"Q\@<`\"R\.0J:1U#!QQ
MZF*,D4@#R/\`AS>/X!0'BQI!M]4M-8C;]E<,RN]N/`5\K,H'LE7OX6ZJ+C3+
MK29'?:V[\S?8?B:>1]2?:"ISE3JTDPB81,(F$3")A$PB81,(F$4>6_5]0N95
M%)*.*UDC`/3+QW0U?@;\!6,!#(O`_L6(?@/(0\\C6M;3T77`YUU;9+H_>,HU
M_GPH[Z0/91>YI>X=4THM;!/FM_4=BWS<6_1([:JK%PT/;*Z"CN'`+-&DY,(L
M4C)RB)`\?YL:)E#K<>7*!E3#XB)2AE1:WX>ZSI@?-9?]7:CU!20#M9B3]`N/
M8%8VE[RTR^RQ77_3W!]8U8?(_"GT@/*5TNDM7R6W]MT;6;-)P12R6)JRE%$R
M""T="-3&>6.0$I@^D\9"M7"W`\<F3`OF.>7LK;%SN[=NA[9B:X.N;AK7D=+(
MV^E,_P`K(VO=CQ%%V]V[A@VQMG6-P2N:6P0%S*]#I#Z,3?IR%K?(:K:_^RZI
M_P!/QG_+'V7_`+,3_E3_`*?_`.&?^5^7/U:]RZ5_X$7_`&O=NC[C]E['8OS9
M][:E_P";)_W'/Z?OOVGM]J__UM_C"*-]M4%#9-$FJR<$BOE$@?0CE7P*TFF0
M&48J"?@PII+B)D%3``B"*Q^`YR/[HT-FX=%N].-!,1FC)^3(W%I[`<6D^JXK
MWMM:T_0=8M-0%3"#ED`XQNP<.TC!P^<T+#<]9.HYXZCWS=5J]8N%FCMJL42+
M-W+=0R*Z"I!\2J)*D$HA_I#-3)H9;>66"9A;,QQ:X'I!!H0>T%;412QSQ1SP
MO#HGM#FD=!!%01V$+C9\US3")A$PB81,(F$3")A$PB81,(K\_$+3<9%^OW#*
M0C%*PS;-:"KL@=HD20)`^H3/).C+"F"@ED7;1--(PCU`DB;I'H5'F[?"O9]I
M;.FW=<V,8U&9ABB?E&?E5&<UI7TW-`;Q#6FF#\:7\3]U7%SR=K6]V\V,+Q)*
MW,<O,H<@I6GHM<2>%7"N+<+TY=2IY?_7W^,(F$5&/E-I4[L'&SZNUZED42C;
MX]N01,JBB3I)8$4R^9T$2@1V`!XD*57CP5,-,>)6T#*)-QZ;%Z8'V[0.D#[T
M#L&#^P!W!Q-P>'.[!&8]O:C)Z!/V#CP)^Z/E.+.TEO%H%!,H]72F$3")A$PB
M81,(F$3")A$PBFS1^H7^U;,1-<BS>J1"J*]BD2\D$R0FZDXIFI^+]^!1#D/!
M%/J4'Q`I3S#9NU9]S:B&O!;ID1!E?V<&-/K._5%7'@#$MW[GAVYIY<PAVI2@
MB)O;Q>X>JW]8T:.)&6UFS:Q[1JP8MTFC)DW1:-&J!`31;MFZ94D$$DR\%(FD
MF0"E`/(`S:.&**"*."%@;"QH:T#```4``Z@%K/++)/+)-,\NE>XEQ.)))J2>
MTE<G/HOFO__0W^,(F$7\,4IRF(<H&*8!*8I@`Q3%,'`E,`\@("`^(9@@$$$8
M+()!!!Q6/???QJ<QJSZYZY8&<Q2@F<R]79IB=Q&&'J.N\AD"_4O'"/B9L0!.
M@(B)`%+P2HK>_AY);OFU?0("ZV.+X6C%G6Z,<6=;!BW@,N#;NV9OZ.X;#I6N
MS9;D8,F<<']37G@_J<<'<?2Q=280$!$!#@0\!`?`0$/P'*>5M)A$PB81,(F$
M3")A$PBF74>E;-M:2`6J9XRL-%RDEK$ND/83XZ3*,XXANGU\D*8\]!1Z$@$!
M4,4#%`TMVMM#4=S7`,;3'IS74?*1@.MK/6?3@,!@7$5%8KN?=FG[;MR)'"34
M'-JR('$]3G>JRO$XG$-!H:96*C48&CP+*N5QD1C&L2>`>!EW*Y@#OO7J_`&<
MO')@Y.<?[```*!2ALUI>EV6C64.GZ?"&6[!YR>+G'BX\3YA0`!:WZGJ=YJ]Y
M-?W\Q?<//F`X-:.#1P'G-225Z7/0703"+__1W^,(F$3")A%6S:_QJJ.P3N)B
M&,G5+2KU**/&C<#14HJ/)A&4CDQ3`JZIO-PB)5!$1,<JH\!E>[G\/-+UTR7=
MH1:ZD<2YH]!Y^>T4Q/K-H>+@Y3W;>_M3T0,M;L&YTX8!KCZ;!\QQK@/5=4<`
M6K'[>]/[`UVJJ-B@7'MQ#]))R.`S^$6`1X(;UJ1`]**@_E(X*BJ/^KE&:UM3
M7=`<[O\`9.[N#A(STHS](=%>IP:>Q79H^Z-$UUK>XWK>>1_9N]&0?1/33K:7
M#M499'5($PB81,(F$7>UZKV*V/BQM:A9&;>CT]2$>U5<=HIQ$`4<*$+VFJ/(
M#R=0Q2!QXCG=L--O]3F%OI]G)--U-:33M)Z`.TD!=.^U&QTV$SW]W'#%UN(%
M>P#I)[!4JZNL?B$)#MY?9[LA@*)5"56)<"8##Q^27ED1*'!1\TF@B`^`][CD
MN6_MSPKH676XY0>/)8?KO'P,_3X*IMP^)]0^VV]$1PYSQ]1A^%_Z'%7CC8V/
MAV+6,BF36.CF2)4&C)FBFW;-D2?E3112*4A"\CSX!XB/(^.7+;V\%I#%;6T+
M8[=@HUK0``.H`*H9YY[J:2XN97/G>:N<XDDGK)*YN?9?%,(F$7__TM_C")A$
MPB81,(OPIV^V?N]':Z#=SN=/;[?2/7U]7T]'3SSSX<9AV7*<U,M,:]%%EM:C
M+7-7"BIQL_\`2;W%_>_9?>/KZOL+U'K.]X]SN^P?[C]3U?F]5]75Y^/.5-N/
M^&&9_?.3WO\`]:N:O&O*^SKUY\5:>WOXE96=TYO=?_8IEIPIS/M*=63"BI=:
M?Z2=U7[,_J%V^H>W]P_;O3^7^'T'\SM]S\O5]73Y^.5%J7X6S.]T]_R\.;RO
MZN-*]'&G3BK7T[\396^]>XYN/*YO];"M.GA7HP4<9'U[R]!`_:G>+]S_`'#V
M.[]?L/MO>[/*7/3[A]'=XZ_/PYZ?[<[UE[LS#WCS\E?N\E:8>MQZ?Z%TKSWE
ME/N_D9Z?>9J5Q]7AT?TJU.NOTC]Y#W/[D]?U%[7]0._Z3O<?5U?;?^Y>SY_[
M5]''GX\99F@?PLS,[SWCG\.\URU_=?9T]O#SJN-=_B;E?W?D<GCW:E:?O?M*
M^QCYE?6J?:7LS?[)^W_8?'TWVU[?[9S_`!='MO\`ANYS^;^+GS\<NW3/=?=&
M>Y^1W+AR<N3]3"O7QZU3.I>\^]/][\_OO'FYL_Z^-.KAU+TF>@N@F$3")A$P
#B__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>g36434g36f18.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g36f18.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0F84&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````[0```EL````&`&<`,P`V
M`&8`,0`X`````0`````````````````````````!``````````````);````
M[0`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````!OL````!````<````"P`
M``%0```YP```!M\`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"``L`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#TC)Q1?;Z@-#A`C>TN,M)_.;8UO_10GX-DO+#BCU"[=-;M03N]T7#W
M:+08UK1#0`WL!PI)*<TX+I=M^S`:;/T;I$;=V[]+[_HN1L2BS'<1NI%)$EM;
M7-.Z&C=N=8_V_3_-5K\\_`?Q6=U;J;\1S*:`TVN&YQ<)`;X0"WZ:2"0!9='>
MS]X?>D'L(D.$'4:K`LZ]F.L!8RMC0-6D%Q/'YWL6ETFZL=+J+W`"II:XGL&&
M/^I1I`F":#>#FG0$%#M>]S",=]8L$27^X1\&N8LW!ZL[+ZH_'!`J#'/8R/=`
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M^>U5,CK5MV,^@,+'/;M-H=K_`"SMV_G?UE+ZP.JI^STB&-;N=KH-8:WG^VLL
M^T$NT`Y)T"<!HQ3D>(TZ6)UO(K<X9)-P+1L+0T.!'YIT^BY4;[K,B^R]YASS
M)`B`/HM;_9:J5F?4TGTP;'1\&JKD9+KW<;6#Z+/XN1`6&9JKMLY&9L>65'<X
M#5^D`R/H_O(+,RQM6T^YX^C8Z#^$*OW^22=2VR[/U3D]7>29)H>23X[ZEK_6
M>QSNDV#:YD6503&OO_-VN*R/JE_RL[_B'_\`5U+6^L_J_LFSU`T#U*MNTDGZ
M>NZ4T_,&2/\`-GZM-T_\RAJ9]NO_`%\+"P\AV-EU9`,&IT@Q/8MX_M*/KO\`
M1]&!L^&O.[E#3@-V,RNO``?8]ATSKS+ZV-OWNL>\M]3:UK1KIN]RLY76L;'R
MZ\9VUV_:=X>V`'$LX_DPN':2UP<.1J$[WN>[<\R>)@#\B;PA?[IIW^OYP=U/
M#^SV->P[0XC77U&KIW$%KHUT*\XDH].?F4;A7:X;_I:G6/ZI:D8JCDHDD;O_
MT>C^M6G4VU_F,I:6M_K.LW+(+G$07$CP))X7:YG_`#>]8?;O0];;IZ\;]LNV
M_P`[[]F[?M56O_FM[O5^P\^W;LX\U(#H-&O,#B/J>3[_`"277_\`8A/_`&CG
M^PH?]B_J&?L/I=OH;D;/9%#]X?B\K6S?:QD[=YV[CJ!)&NB(<9PW>X$-D`P=
M=JZC_L0_[I_]!0/_`#5]01]A]+\[Z&Y*SV54?WA^+0^J]9KZNX'4&A\&")]]
M7BM3ZT-<.DV%SMP-E4"`(]ZL=._YO_:#^SOL_P!HV&?1V[MDMW?1_-W;$;J?
MV/[,[[9Z?I:?S\>GND;)W^S?N^BF'Y@R1`]LZ]W@4EU;O^;>NW[#]'2?3^G_
M`.02_P"QJ?\`M#&S_@_I_P#D4^SV8^$?O#\7E$EUC?\`FU[-_P!@B/?&SG^2
MF_[&_9_0/^$^AQ_(2L]E<(_>'XO*)+JV_P#-J&[_`+!,^^-G'_DDA_S<]L_8
M)W>[^;^C_P"22L]E<(_>'XO_V0`X0DE-!"$``````%4````!`0````\`00!D
M`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'`````3`$$`9`!O`&(`90`@`%``
M:`!O`'0`;P!S`&@`;P!P`"``-@`N`#`````!`#A"24T$!@``````!P`(``$`
M`0$`_^X`#D%D;V)E`&1``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!
M`0$!`0$!`0$!`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#_\``$0@`[0);`P$1``(1`0,1`?_=``0`3/_$
M`.4``0`!!0$!`0$````````````(!08'"0H$`@,!`0$``04!`0``````````
M`````0(#!`4&!P@0```&`0$#!@8,!PH+!`D%``$"`P0%!@`'$1(((1,4%187
M,=16EE<802*3TR2T)375=C@)42-3LU5UMS(TE;4F-D;6-X=A0E+2,U24MM?(
M&7&10W>2=*7E9J;F)V=B1&1%*!$``@$"`04(#0D(`0,%``````$"$0,$(3%1
M$@5!<9&QT=(3!F&!(C)2<I(4-%0551:AP:*R,U-SHS7PX4)B([-T!V/Q0S:"
MPN(D9?_:``P#`0`"$0,1`#\`[^,`CQQ7HVUSP^:D-*/+W^OV5Y'P[-G/:85J
M:N-SA6CNRPK:9EF%7JMHI=ZFHR.A%7*THA691I;311'(P)C3`,2&$K.:C(YU
MQ[R%/UN;T)AK#7&,-PG\1+"IN[ZKQ06IY;K:-HEY&GS>CP:A)TW66L:EK$?J
M-(!G:22=F9HM$P0<O&'0UU()R%=U$N?'0:WZS7J)H?$REIO;-"=:^&33V-A`
MLRKZ%O5)X?5KG0=>66GD.<;_`%FW3NOU8M];:6<K$"S+&:K2I'ADP:`F)R=L
MLNW53B]IDQ1ZI8'?$HTIQ]:]#++9'5(N''SK77$:--\(G&*TLA)VYT.?3XBG
M!S:W057">A(Y\E7X>3/75U4@.\7YX,A/_7G3NQ7;0SA>4J4IQ#HR\;JKPX0]
MD5T^U'XK=,K,YT\L^HE#8:NNK['*W6%U5=1*-7:NCN'-R4=2T(T,NHHX05.X
M5/)2MTU[ZM4SC@K%4XC+)2U.)U12>)]YW3].AK.IG%'>=0#GB]+M:7O#*LSH
M,[*R51I$`,I7H_L?8JXF6<D)PT.@U7-U@L5:"I4R%Y6!+BOA[9IM=-!7_$;:
M(G3;2?C"NVH.G\M$\;,'7-6WJ<AP=UNI:=G+Q@S4Y9$]4DJ=8;I.T([%PBV<
MSD.LV;[B:DT<1&0_7AW=<1K*PUY[<?71[X6FJG".Z>]NF_$TZT6]75OP)\*2
MO$/VB:VM);0IS8>]0EXYU-L0]U/?-\!*)A=A@9"=/$PR#B#TDX;-3-()W7-6
M$M^K7#=/LI#22\Z^Z/R<GH?JE?\`3]_=I.YURB3M$GT8<=.E3*NC3S--U7VY
MW!O@2AG&V2%DK4@YJQ'\>D?09!M59#6!:N-.)S[PEE7&E;0US?:TEH[;A;XZ
MD="',Y9SS[]27TR/J`E4NR9A;\VI/&KQV2QW@-!/!.0D9IPTU"/P::U,XRQ\
M13'4A]663-.PC2.,^7U*KKQ]!QS1[+56I\6%^BM0+*ZAS*NG+Y"D2T<[723,
M2,,66Z*(@\YBFHT#6'4*M:#HV1#BU@4(CC+E*98I:$UQXU:6UN&@DEHG<;BX
MM<C#W*<HNM-4H3?5-RUB4C78\C),I*/%%E*K1+J/3,&3Y"CWSUK>J'G=5ZV_
MK3=N>)+ODZQ[Q^Y7ND[,ZR]@.YGM_P#_`.7.O^F=A^PW9KY=Z9N=H.3M#@9.
MT5/5]AQ+25?TY8\!4IQ50$@\XA'R"4OQ3*:YNJNVC!X'N*;K1>50ULBY#5Z+
MHY]1AJR31S=$I*H(:A=4KM&"XIG0=`J;I1*PZXP92$LTA06?$36=+@XJ/NVV
M[.J:U-->Y7B)84-K?>$IGQ#,H^TS4\=!]167,V<MY>)(OH*1C23*YESQZXJX
M&0MFZ+<4#?1)XO1`XV#<2:&@&KBW%:600U^<TPVIR=3:GB@X<FT@FK1'$T.K
M!0[)$TF*8IZOT@)`!5%N&"<G8H9,UYU2XJ);B<+JGPR0/$9,Z</>'R#T)3I-
MJTGUIHM"C=5]7+7J^RKVLSBB:DU^E)J2.E%[AJ/U_,%:!T"D2TDX5<%00V8(
M5*92>7`[$:A0'"KH_`ZJR6H\S?82'FXB>E]77M@DM297JVVV!G%R5OD;4(V!
M_*OH9%NJ*[D1,JF8I@]H)<DAYR5^"!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8
M`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#
M`&`,`8`P!@#`/__0[^,`8`P!@#`&`,`8!\F*4Y3$.4IR'*)3%,`&*8I@V&*8
MH[0,4P#L$!\.`"E*0I2$*4A"%`I2E`"E*4H;"E*4-@%*4`V``>#`/K`&`,`8
M`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#
M`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@'_T>_C
M`(\<5]-G]0N'S4BEUF/M\K*V"/AV(Q]"F:O"6US%]I85>?+$&NY0ITX<L`BY
M,K"2JK6/L3<#Q;ATT2>&<I"5G-=]%X19VSH<'[C4_AETV(AISQ=ZK2%BZ72:
MLSYOARD^&[B=5J+F<T]EK_JY&:=UAWQ`6R!=-:7"3+N'C9(C"20CHM0IVD?!
M-<^4M>9X<.))_5FT)ISIE==/.(J/9Z[!Q`\1*NH%>@F/$G#66FZDQ58JU?N,
M#J*^O*DA<+M-P,O67<FQ:AINSBSM43,!YE!8*KM#6#ACUXU%;TF-X1]+[3P3
MQC?4*W22CF?M$%T/8XX7]2JG)/5:)IO=9ACI$SNUQE(ZN/;%`2#RP.7:B\Z@
MW(X29R3D$UNY3*W$EI%:]1]+N!I.M<-SN"JE!L\@_P!0M#)F@::ZUM],XLVA
M5^JD9`3-)G[Q!4J\)0-SD&;9!\WD'!><YM^EO[-N`MW*845X;^)9:]ZIV/3#
M3ZSZ::=W+0S5/3OA_IR,Q6]/&>BO$F\T"IU5-Q#$HE4E'S/2V!U-;5UQ48A.
M*?21Z>\:*RA&YB69^=N%498:Z%:G/=7-#9SA^T+M'"-2JWJ`K*6MW<)2H7%B
M=]ZO^N%6GI^0T;J>HLG66[M[/V*%C'5B1FG,E:)$W3'*`HL&[]\%51URF%:7
MHEQV5Z7X7KKW>F>->$Q*+1D(^1U*"`LFH+G6'52WL>(5U!4..BK35[HW8Z)2
M<8>+),3L2,=*IJ"T,LJ3E"JRF+=/N$7CFIK#0BFR5?N-OTNI_#A9)BTQ)M0(
M9A?5934OBEX(-0->.%8TP]MD4Q<&L-(T7N3NOR+B038*,+&YKZKJ/;((.S":
MHOBR\/\`K;8+/64G7"PA":'5?7G56RU*@'T=TYO]<CJ3;]%:-$P3WU?+/Q#V
MZBU%(ETC'J94(J2CD"O>?E1B(]U(.D0#)IRFQS4B<6O7"S?Z]4M!=1+,\H$Q
M0Z(TT?;M8#2MM?%JK+Z;RRT7'&CI6;@"Z,IHO!861DT4<">*82\0F@JX3YD\
ME.[G-8DQPB<79JNY@]-XK4=+456G3R5&U@F9Z*TZ/3M+77#!KI1YOAPBFJ6J
M5@L=!BI+B(M,6^KL>D[?M(=@O$RQGZKZNI'1@FJ,KS&@_&MO:;*Z0Z=1-#T#
MK/&'4=7*9HC(ZMR.FUQI=-[QM/D'T/:*K2*G>Z6KI/&P\79IP()O/;B!K*!^
MK5',:T1$*KMF=>,&A<0^JE4I]4M^E03;Z2F)Y@SN>@5GF;$31F/?0R2;_51K
M6+:MIHYE=;(4Q2-Z&]1=D:U]^Z=2K@RHM$F#\%0CNTX9^(9O87<A;-)+3:Z"
MRO<+(\35+ZYJ4N'%TNAK3KW8V=LB(.1O*<98(^NUBV55^LVFC,5',2S:P14E
M$X=NS0"J+ZX+M`>+_2W6J@RNND`K;7A*17XBVZGS4I"RZ]:I<5PT:/5:-HT?
MJ&SU%?WN\6%CK57)<C^+DHA6OOCG=64%22KE-=V#:H8WCM&M?+%<M.=28S3*
M>O>HU?U*E6UJ/87E><Z?15SA.,[5JSZE2L)9T]1],M8N'R;85"4;.$I:*&RP
MEWI"41#+0TBS:(Q[D*HM>F\)_$/W/(4^H4!?1G7=SK=I?-/M9V^@>D3:P0->
MC.)^,MLW:I+4-IJ2^EM9R0M3*G*!'R[9N@N5H4JB2HD!`XFJ)H<#M:U%H^IT
MY1++2'-'>4_A[T_A=;^=G7EKB;[KDVU:UF3;:Q5^V/Y&5D[$ZUB@R2-CD%Y1
M;M$FQD8="5(FJDB4!#TFT')*1@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#
M`-2?$]IQKT^XI&EYT[JNH-M;*I:7P<:P<]=(U6+JI%9V.U#M%`U-J6IU28Z9
M/H:,LKMS/U:S5RQIW@6+%!FJB8Y3L(*E2A@Y'2O[P!AIY1:@NDE;K/?.!O0[
M0)-U'1EQTEC--)VP6^M,-65M3+FYONLTD:^U?38LLH-DC(M!P61*B*+(5#D*
M4,GRF/97AZXV;-!RZE@J+MG;>'?AMJ.F-==%<72YV+4&6TKUWU74B9S0+5XM
MKT_7A=4+-HHC`.%;+,5655>R:Z?/QQ13.F<35=HFIPFZ?7:L\1^MTSJ%3G31
M]+ZT<1LO5[%+:&ZA)S*M.GM29:1I:Z.O[K5*1H$C77=353*RBD:PT710,DB"
MP&0/S@AYD65&<.ULTAMMHU&I6EEL;P],X_(NZ#$5%5R\L$YPT%X;X^FF0J,"
MO,)C8*S#:IVUU(JQ2(BNH9J[6;H+N")I*!6O`1LM'#-Q=V/O,U!1K<\R?-*7
MJIJC1H.?;STIJ<BKJ'Q]\5FN59IFEUNKVIT?#:3:TQ&@]SKC8ZCF,L[:/7%H
MRZ,9-H*9Q-4?QIH1]X/7ETZW61U)DZ[:UN/?42MRBMR/"6O3&T7.X7.(A=+&
M\^\LL62%C-2*T:-G*!+G<IEK\W*R!U5FS=NR`H51F"]43B`IZUKUWX2-%M8(
MB#TC5T8F]-.';4"PR,6[U5U$EHK772S7=1I7I^]398"MLZ=JI5I=ZL\!)&>G
MZ>#UL4QTSOI(1DW66="\->K.F=_UBIKZ&LU_/$Z6T&FZ6:BS.C.I=]LULG:]
MPBU.EREHKNN$?JQ#U/3A[-:L,'KIXG(5Z064DE5U15*+@AT@J2'X2M%M:=%(
MK7.%U!9V-"*G>$_AVE*Z[T9AYFG[NH3>%U[8:F1-:J=PO.IY`XD8M<D,>5G^
MGHL)M-S!)ECT#1ZYUP>YOD6:MHUQ*N2UN:@:CKI#)SMC0E=,*.^D]0&4)PQ:
MCEU%X;%I,DW*WN?AIRY5F1TJJ4W)RT^JS"-E)B0M4<T;I$ET&+L3D+*7T,XX
MF]4A3DJ6I3N#AM.=-F6M5/GUK3:WFK'&M7]--?F.I6K,''5_7#3J;=:<7S4"
MP4LB,VTF&[1H\;MY5)-`T7UE'!5$I^/K3?6[6QSI9HY"R-WHDE==-=(6[);3
MJXS"LK5YU#C8X-W/$%8V\^9RT-.2^F6C+9X\8O7!A>+1)IDQ"'35=E$0J+*8
M*::9<=FH&K#O6S46BZA56<U)]69U.T*$LSMU5=.1TP?ZTT6Z04,DVENK`C)M
MU'M[6HHF455FMF:E7,8R14D1.3,27T[NFI\-"_=_R,]I1Q*?_972I[2==6:F
MFUT=R:EO>Z'URO-G3AB4JCBXMD[;$.BF?I`Y236,503AS@&$1IRF,([3#65:
M.U$?:NZ2\1>H4%99/BX<\/$!1;5+UJR:>:F6_CAXN[Q5[1-&3U'J"M-D[EHS
M;]/#5"R/`3:51C$O4#O8T'947(%&X=-%>.[3_6KAS/JBZMEXHUAXQN(W5K6F
M95E5TF6GLK$:"<4^FL'(QK%:244<Z+ZX/KS5W\/&$2Z/"S,.*XE$\DGT<,E&
M>7B=T?XJG^HG$J^TKJ&I]BD-0X/62-92<CV@CWM1A'VD8--/WE$U%K.K,72M
M0Z'*76N1C9E0WE59V&O2<B\DAE`(B91\)5,A=VNFBO'5J-/Z]:0L7D=.EUNN
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M8LT_;IQI(R.@D+I9*N(UW,2CR.&2*FX=.%A.X6$,V1Y)2,`8`P!@#`&`,`8`
MP!@#`&`?_]+OXP!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@
M#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,
M`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`?__3[RE+_0T6UF>JW:HI,Z6X%I<7
M:EDAB-JFZ*`&%M9ES/02@7`%,`B1T*1M@^#`+K343633614(JDJ0JB2J9BG3
M43.4#$43.41*<ARB`@("("`X!]X`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8
M`P!@#`&`,`I4[,LZ[!S-@D><ZO@HJ1F7W-`0RO0XQHL]<\T511),5.90-N@8
MQ2[?"(!RY,8N4HQ6=NA;NW(V;5R]/O(1;>\E5GFK%FA+E`1=GKCY*2A9EJ1X
MQ=I;0`Z9MI3IJ)F`#HN$%2F353,`'34*)3``@(9,X2A)PDJ21%B_:Q-JW?LS
MUK4E5/\`;Y2O9271@#`&`,`8`P!@#`&`4QC-0THXD&D9+1DB[B5NC2C5B_:N
MW$:X$ZR0(2"#=511FMSC90NZH!3;R9@V;2CL`^RRT49%%R63CS-W#TT<W<%>
M-A17D"NE&1F"*H*;BKTKQ$Z(I%$3@J02[-X!#`/0F[:JN'#1)RW4=-"HF=MD
MUDSN&Q7)3F;F<(E,*B)7!4S"03`&^!1V;=@X!Z,`8`P!@#`&`,`8`P!@#`&`
M,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`/_U.OPVENHP:I5O4=K
MI0\8U:BK5<TEI>$OI0NC(.JW#ZG1,5W+R48[K:<O`-;1J*M972M[6C9$SU!N
MNQ29+E5;&$Y#-\+1UX'1*L5&VPT(F`W>K/5*BW1:/Z]5XJ:UIC;#!41@GS!8
M]W%T.)?MHEL=-(B!TV!#)D(3=*`;IEKNYT]\@Z9YKPGB.!5Z1W<Z>^0=,\UX
M3Q'`J]([N=/?(.F>:\)XC@5>D=W.GOD'3/->$\1P*O2.[G3WR#IGFO">(X%7
MI'=SI[Y!TSS7A/$<"KTCNYT]\@Z9YKPGB.!5Z1W<Z>^0=,\UX3Q'`J]([N=/
M?(.F>:\)XC@5>D=W.GOD'3/->$\1P*O2.[G3WR#IGFO">(X%7I+.HNG>GYX1
M\)J+3C"%QU$*`FK$((@4FH%G(0NT6(^U(0H``>P`;,!MZ2\>[G3WR#IGFO">
M(X%7I'=SI[Y!TSS7A/$<"KTCNYT]\@Z9YKPGB.!5Z1W<Z>^0=,\UX3Q'`J](
M[N=/?(.F>:\)XC@5>D=W.GOD'3/->$\1P*O2.[G3WR#IGFO">(X%7I'=SI[Y
M!TSS7A/$<"KTCNYT]\@Z9YKPGB.!5Z1W<Z>^0=,\UX3Q'`J])9S'3O3\=0+.
M0:+3A(6G44Q2]F(3=`QYO40#&`O0=@&,!``1]G8'X,"KIG+Q[N=/?(.F>:\)
MXC@5>DP3Q,U:@5W0K4602I-/176AD8A$Z5;A$E=^>DF,*;FS`QWMX$GYA'9R
M[H#RAX0R,+'6Q%I=FO!E-5MN\[.RL9-2HW&GE-1^<A)P,=FB7J9H,C6:N[A)
MN%?3+%FZKD.X!"?C56`&6;G59'.B#F)YX%0`0`XHI[0VE#,['VH]'&XEW2=.
MT<QU6QMY8JYA)W&[4HN23\)4S;ZK7>1M1[N=/?(.F>:\)XCFI.\J]([N=/?(
M.F>:\)XC@5>D=W.GOD'3/->$\1P*O2.[G3WR#IGFO">(X%7I'=SI[Y!TSS7A
M/$<"KTCNYT]\@Z9YKPGB.!5Z1W<Z>^0=,\UX3Q'`J])0).IU:"LFGCN#K5?A
MG:ELD&RCJ*AHZ.<*-ST"[JG0.NT;(J&1,HB0PE$=T3%`=FT`P-)E+!`P"!%-
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M$VY5W"AP(`@4#J&'9M,(B&@KW=SI[Y!TSS7A/$<"KTCNYT]\@Z9YKPGB.!5Z
M1W<Z>^0=,\UX3Q'`J]([N=/?(.F>:\)XC@5>D=W.GOD'3/->$\1P*O2.[G3W
MR#IGFO">(X%7I'=SI[Y!TSS7A/$<"KTCNYT]\@Z9YKPGB.!5Z1W<Z>^0=,\U
MX3Q'`J]([N=/?(.F>:\)XC@5>D=W.GOD'3/->$\1P*O2.[G3WR#IGFO">(X%
M7I'=SI[Y!TSS7A/$<"KTCNYT]\@Z9YKPGB.!5Z1W<Z>^0=,\UX3Q'`J]([N=
M/?(.F>:\)XC@5>D=W.GOD'3/->$\1P*O2.[G3WR#IGFO">(X%7I'=SI[Y!TS
MS7A/$<"KTCNYT]\@Z9YKPGB.!5Z1W<Z>^0=,\UX3Q'`J]([N=/?(.F>:\)XC
M@5>D=W.GOD'3/->$\1P*O2.[G3WR#IGFO">(X%7I'=SI[Y!TSS7A/$<"KTCN
MYT]\@Z9YKPGB.!5Z1W<Z>^0=,\UX3Q'`J]([N=/?(.F>:\)XC@5>D=W.GOD'
M3/->$\1P*O2.[G3WR#IGFO">(X%7I'=SI[Y!TSS7A/$<"KTCNYT]\@Z9YKPG
MB.!5Z1W<Z>^0=,\UX3Q'`J])B?L53>V'1>R59Z-WL]6]'ZABN8ZN[B^M^@<U
MT7F^A=;?"N:V;G2/QFS?]M@5/__5[^,`LR^?,C'ZYZ<_M"J^"47G@@8`P!@#
M`&`,`8`P!@#`+,H?S(^^N>HW[0K1@EEYX(&`,`8`P!@#`&`,`8!9C'^T*T?4
MRA_QWJ-@G<+M3<MUCK)(KHJJ-S`5=--4BAT##O`!5B%,)DS")!V`.SP#BCT%
M*DFVDU5$,>.R:ZOT@C(HAQ!2?N46W4(!@+O,X]A*2*IA#8(G*1V@W#9R<I@'
M;R;!SMGQK>;T1.:ZU7=39T+:SSN+@2;XZ&O+AQL79C7#3>2%0$DE[$A"+F,(
M`F"-D16KYQ5$WM03)UEO"(\A=W>Y-FW-EB8Z]BZNQ7@RG(;&O=!M3!3KD<]7
MRNY^<WPYSYZJ,`8`P!@#`*;%S,1-H&=0TK&R[8BJB!W$6^:OT"+I&$BJ)EFB
MJJ954CE$#%$=I1#8.2XRBZ233*(7+=U:UJY&4>PT^(L.SV2`-?-.:F27CSV4
ML_)S:D&FY34DD8E&BW!H=^X;$$RC=L9P^2(0R@%YP3>UV[IMDZDM77U7J5I4
MA7[/3/#](NGU=;5W:52K3<SHR=E)<&`,`8`P"S*O\]ZC?7-C^SVAX)T%YX(&
M`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`,11&O>CL_*,(6'U`@
M)"5E'2+&/8MUEQ7=NW!P3102`R!0$ZAQ``VB&7GA[T4Y2MM)&NM[6V==N0M6
M\7!W).B6ELR#/6:O59".<V2:C(-O+3D+68Q>4>(,DG]AL<@A$P$*U47.0JTG
M,RCE-NV1+M.LLH4A0$P@&638E/E;W2X-"1=3-H@XMM$6:NTR4</Y)LU186NW
M+5UM6*\[464*5"6G5[=%E:HF$#JB_1W0'G"[0*'+:Q:504M/0,QJ'4(Z:J[)
MX_L46ZG8]-]#(1];-<WR<@V%?G6SUI3B];J-C!T@D6)78DZ.8J@@?M`:L:;6
M=A8Y*$NM?>-:<U*^MV\^39N:LQ.T<OTGMB8/NC/H5DX8LUEDE7*:2:J21SD$
MQ2F$`H?$UJ[I?78NOS<Y?:M%Q%IC"SE?D7DPT2:2D`+=H\4L3=45-T*XS:/T
M%7,@?=9M4EB&65(4Y1$#(2:B:R::R*A%4E2%4253,4Z:B9R@8BB9RB)3D.40
M$!`1`0'`/O`,-?TW_OE_Y>\$[A__UN_C`+,OGS(Q^N>G/[0JO@E%YX(&`,`8
M`P!@#`&`,`8`P"S*'\R/OKGJ-^T*T8)9>>"!@#`&`,`U_P#%=Q/!6TW^F.G<
MB8ME/OM;5869_F!$Q#%6AHQP0=I9Q7>`%UBC\#+M(4>?$10V.#PNM2[=7<[B
MT]G>XSD=O[<Z%3P.#G_6S2DOX>POYM+W-_-K8+=;D0Q3DMMF(<A@,0Y9Z5*8
MIBCM*8I@=@)3%$-H"'@S9]';\!<!Q?G6)658B=?&?*;!^'_C-*L+*H:QNR)*
M;$VL9>S$`B:@\A$4+0FD0"I&_P`7IY``O@%<H>W7'78G`YYV%VN3D.OV1UDK
MJX;:,LN97.=SN'=9,V^ZU:9Z;1Y'UIM<:@HX:IO&$8P6))S$F@L0#MEF,<R,
MJNHV<@(;BY]QOR[14`.7,&W8NW72$'\QTF+VG@<%!2OXB*;54EE;WDMSLYNR
M:_=3..NUS`N([3.'1JL>(G(2=ER-Y.P+)^`JJ#(05AXLP@([2F!X/@$IRCFR
MM;/A&CNRJ]"S<O$<CC>M6(N:T,#;5N'A/++@S+Y2`\I:[/9[M8Y"Q6"9FWCV
M!K!G2\G(NWAUMV4MJB9#`NJ<H))'':0@`!">`H``9FQA"#I&*2IRG.7L1?OP
M4[UZ4I.3K5M^"5>$L$[6GZ4K79F4@I)'_1/XA\YCW9`V@(D!=JJDH)#"'*41
MW1]D,JE&,E244T6K5Z[8FKEFY*$UNIM/Y"_K_K3J'J?#U^%NTR291K:[U=B[
M,R:M7RQWJ35$>G*LTT$G8MTVH`F<R8*>W.)S'$=H6K=BW:E*5N-*F7B]IXS'
M6[-O%7-90;HZ)/+3/3/FWS&C%ZXCGS.0:'YMTP=-WK93_(<-5B+HGY!`?:J$
M`<NM)IIYF84).$HSB^Z3JNT=%\)*MYV%B)MI^]9F+82K;VP'^#R#1)VC[8``
M#?BU@Y=@;<YJ2U9.+SIGLEJXKMNW=CWLHIKMJI5,@K&`,`8!"#B]X@0HD.II
MS4GPDN4^T^6'K578K6H-R39N@H0=Y"7ETC;$@#VZ+<15]J)D3#GX+#])+I9K
MN%F[+_<<OUBVOYK;>#P\_P#[,UE:_AB_G>YH670:JH.QV"L/0DJW.2\!(%#=
M![#2+R,=;NW;N"NS614,01\)1$0'\&;:48S5)1379.#M7KUB6O9NRA/2FT_D
M)-\'KY[)<0\*_D7CI^^=QMI7=O7KA5T[=+J0SL3K.'*YU%EE3CRB8QA$1S"V
M@DK$$E1:RXF=+U5E*>T\3.<FYNS*K>5ONX;IN9S3G?C`&`,`8!9E7^>]1OKF
MQ_9[0\$Z"\\$#`&`,`8`P!@&/=5K>^H.G5MN4:V:O'U>B5)!LU?<\+1=0BJ2
M8$7YA1%;<$%!_<F`<N68*Y<A!O(V8>/Q$L)@\1B813G"-4GF-<?K^:D>1E(_
M]&>^E\V?LZW]Y+Y#C?BW&^K6OI<H]?S4CR,I'_HSWTOCV=;^\E\@^+<;ZM:^
MERF;N'[BMN.KNHK:FS5<K,8Q7B920,ZBPE`=@HP2(HF0.ER#A'<.)O;>UV_@
MRQB<)"S;<XR;=39[(V_B=HXR.&NV81@XMU5:Y-]LGAFO.K&`,`8`P!@#`&`,
M`8`P!@#`&`:N=+>#O5JG:C4JU2SBHFC*_9(J6?E9S+U9T+5DZ366!ND>(1(H
MJ)"^U`3%`1]D,VU[&V9VKD(UJUH.%P/5S:&&QF%OW)6]2$TW1NM$]XG9K%IR
MGJC!5^M/&K1]"IW&&DK(R=NW3+I5>;H2#:31:.6(D=HOC)/`YHZ2B*A#>W(H
M0Q0'-2=VG0BU*<,NKU^+8ZK>[W&1]:FK3?YR1M40U9RUILY7.B%!X?*5(R+)
MU'1L5%S,M32V62EBMDB(LYD[(S03)%$I`J>.TZ$Z]VF'MW/-:5$VJ\TV8-<W
M45;)%Q1K1;)GAZ=Z:/U^P]AKLX>J6SMDX%!"9@7T."U?*DH^Z4H5>,<!5&2;
MEIMK)JE)65T[9UO3*-N45IS1)%-M.%N,LM2:W9K7<+QVLBQAHZ!F&]E;N4:[
M'L$W2Q6\?-2CE53>5!L4,A2J=IGKUHTG/J4Z*T]U1?$AB4FG=I[(^TY:M:[#
M6ZXW>F-GBD15KEU%5HYMJ,XKBY&;9VYCF<`S=MVDASYFB(9R2&CM<D:?I%I9
M4IAL#.6JVG%'KDHS+T/=:2,)68N,?-B]7+NH_8@Y:F*',*J(\GM#&+L$1#,C
MX!AK^F_]\O\`R]X)W#__U^_C`+,OGS(Q^N>G/[0JO@E%YX(&`,`8`P!@#`&`
M,`8`P"S*'\R/OKGJ-^T*T8)9>>"!@#`&`1PXHM65-*=,GJ\4[%M:[,H:"K9T
MS`#AHHJGOR4ND'*)1BV(B)#\NZY41V\@YE82STUU57<+*S3;=V@\!@9.W*F(
MGW,>QI?:7RM&D1555=51990ZRRQSJJJJG,HJJJH83J***'$3'.<PB(B(B(B.
M;W,>8-MMMNK9\8(&`?T3&,.TPB8=A2[1$1'=*4"E#E]@I0``_``8)/Y@@M]M
M_.J9^K]9_C&V9'\3WN4N/[*'C/BB7!DEL8`P#>CPOV$+)H3IXZ$XF5CHA2O+
M%,;>.D-=>N89N0W*.P!9,TCE#;R$,'@\`:#%QU<1<6EUX3U/8=[IME8.5<L8
MZODMKB2,^9CFV&`,`P]KCJU&Z.4.0LSGF',NOMCJS%*F$.LYI=,PH`H0ABJ"
MQ9$**S@P"7\63=`P'.3;>L67?N*"S;N\:[:FT(;-PD[\J.X\D5IER+.S11.S
MDK99B2GYQ\M)2\N\7?R#YP("JX<N#B=0X@4"D3(`CL*0H`0A``I0`H``=!&*
MC%1BJ11Y7=NW+]R=Z[)RN2=6^R4K)+9*/@Q<MPXA*TS%=(':D#:G)&V^7GS-
MTHA9)1<$MN^*1%%B%$VS8`F`,P=H)]!%TR:ZXF=/U3:]I7XU[KH)?7@;JLTQ
MZ$,`8`P!@$!=:>)J=T/U-L]8BJQ$SB$P,-9E'4@\>-UD5W-=B(8S4A&P"0R1
M4H,AP$>7>4$/``9GX?!QO6]=S:=3E]K=8+VSL6\-##QE%13JV]TQ;_U`;AZ/
MJU_"<I_FY?\`9T/O'P&L^+L1ZG#A8_Z@-P]'U:_A.4_S<>SH?>/@'Q=B/4X<
M+-AVEMP<W_3ZJ7-XS0CW5ABDY!9DV4450;G.JJF*:2BOXPY0!/PCRYK;L%;N
M3@G5)G88'$RQ>#P^)E%*4XUHB_LMF6>9ZXZ&S=N]SG.BMEW'-[VYO\PD=7<W
M]TV[O;NS;L'9^#)2JTBF3U8REH1KA_ZA?_XA_P#G_P#^BLV?LW_F^3]YQOQ?
M_P#G?F?_``'_`%"__P`0_P#S_P#_`$5CV;_S?)^\?%__`.=^9_\``LC4GC9[
MPJ+9J5W9]4=HXT\=UEVSZ?T/?434Y[H?91ETC9S>S=YTGA\.5VL!T=R$^EK1
MZ/WF+C>L_GF%OX;S'5UXTKKUIVM1<9!#-@<H,`EQP2_VZ,/JU8OBZ.8>/]'>
M^CH>K'ZK#Q)&Y7-(>D#`&`,`8`P!@#`&`,`8`P!@#`.:;AIXMN)*V\0&CM8L
MFL%NF(">U#K$7,13QRU,UD(]Y)H(N6C@I6A#"DLD82CL$!V#G88S`X.WA<1.
M&'BI*#:?:/%]B]8-LXC:VSK%[:-R5J=Z*:=*--Y5F-\G$/-6""T_;N:Y<(^E
M/75OJ$6O(R4BC7D)5C)33=JXJB-S>5>XQM'D+8*A6#62<1YP!PN1NBLT=.&[
MQOQY[2B-=.XBKH:QL(AU=Z[V<FXRL0K&9U,BJPQD:G-#=>*F/GK-8I2CV]K5
M;FP=H:*1\(RZO6C6KYPZ0?IJH\Z=HH%#ZNO%5:WNE=YM4"%1JTM'Z96US$U%
M26%UJ'8[$'#U*ZQ0URTF7D`8PUGK3=ZT%LT)(,62,@T:O'ZCMJ9D,<Y"A6&7
M$#J@^?15L5CZW#Q;&HNY+4'3AZHY>S%6E6FL#>BR-.ZS8K]"-=ZW'K+E>R!%
M'$2N[9`FT16:O$Y!&":%LW3BSN+"/I<["HU"2<2%6O\`J>]J\%,*.35=&KZ#
MZQ6B/THU=?`G(N(J:D;=6&ZB#QH@U556AI5MT0O5PJ/0H9WHVJ^I3K5:9T^O
M471@8,+-/T]E)5,\^1VZD8K3W3O5)K+ND)A11%HR7AM0C1:C0AECE=10/07%
M-^+*/DBF2I)[!!AK^F_]\O\`R]X)W#__T._C`+,OGS(Q^N>G/[0JO@E%YX(&
M`,`8`P!@#`&`,`8`P"S*'\R/OKGJ-^T*T8)9>>"!@#`&`:1>*C53O/U2DN@.
M>>K-3YVN0&X?>0<=&6'K653V>U-UE(%-N'#]VW22_!F]PEGHK2JNZ>5GF.WL
M?Y]CYZDJV+?<Q[6=]M_(D1LS*-(,`8`P!@%OMOYU3/U?K/\`&-LR/XGO<I<?
MV4/&?%$N#)+8P!@&US@&L73M/KA63J`=6OVE*13((AO(LK!')$23`H>!,SR&
M<'`1\)C&_!R:C:,:7(2TKB_ZG?=4[VMA,38;RPN5[4ERQ9/'->=6,`\,G)Q\
M-'O)66>MHZ-CVZKM\^>+$;M6K9$HG56764$I$R$*'A$<E)R:455LIG.%N$KE
MR2C!*K;S)&C?B%UE>:RWQU+(G72JT1SL94H]7:F*4<53:K(N$=NZ60EU2\ZI
M_C$)S:0B8$@$=]AK"L6TOXWG/+ML;2EM+%RN)M6(Y(+L:7V7G?:6X8(S(-28
MAOVJL?6`6C(GFI*>V&(<`-O,XTVSD,[.0?QK@!'D1*.T-GMQ+R`;*L8:5RDI
M9(<9@8K'0LUA;RW?D6_R&9/NRY20F>+AK(RCI5X\<4:Y&566-M'_`$#+80A0
M`"))$#D*0H`4H<@``98VW&,,%:C%472+ZLC>]0YSN;;Q<YRK)X67]RV=(^<J
M>MC`([DXAHD5-<'YJU)JU31JB-+^VGV+QHNXOL24VI#6:&O1;HK!)L@QE],G
MS1HX<.@1D3;%TQ(U,DNL)IF+-FN(C4:OV>2T\?:0UE?46$TZGM8I6)CM5WBU
M:4TVA%(N+35A;.\TRCWCZZRUE=NF;>,=1K%B5-@HNM(I%40*H%"]M/=<W5\L
M<:AV491E(M;S4^-H=I)97+^:FWVE=K[*RR<[4SU=@E6D9X6CU_&'))/Q,Q:@
M#LK1TJ5L`4-=W&U_;H_^K5=^+K9N\!Z.M]GFW6?]5GXD2(^9ASPP#>]PV_V%
MZ9_5I#XPYSG\3Z1=WSU78OZ5@?$Y3-^6#:%,FOF>6_5C_P"*JY5'OH[Y1<^S
MN>*^(YQ<Z4\9&`>9V[:L&RSQZNDU:MR"HNX7.":21`$`$ZAS"!2E`1\(Y*3D
MTDJLB4HQ3E)TBBV^WE+\J(3^$&_^?ESH+WW;X"SYUA_OH\([>4ORHA/X0;_Y
M^.@O?=O@'G6'^^CPDQN!6TUR6U]CF<9-QC]T:KV50&[5VDLJ)"-D1.8"$,)M
MTH#RY@[0M7(X9N4&E5'1]5K]FYM:$87$Y='+,^P;M,T)Z:,`8`P!@#`&`,`8
M`P!@#`&`,`I"-?@6ZJ:[>$B$%DCE4261C622J9RCM*=-0B)3D.4?`("`AE6M
M)YY,MJU:335J*>\BHN6S=XW7:.T$731TBJV=-7*1%V[ENN0R2Z"Z"I3)K(K)
MF$IBF`2F*(@(;,I+AY%H>(<)BDXBXY=(6A&`IK,6RJ8L4SE439"0Z1BBT34(
M!BI[-P#``@&T,`_99@Q<+=)79-%W'1'##GUFR*BW079T5'3+G3D,?HCD[=,R
MB>W<.)"B(#L#8`ZO8"HX5%DT%5V8IG:G1D><<F(1%,AG!]S>6,1-LF4!,(["
MIE#P%#8!\=5QGPGY.8_#'"CMW\$;_"G2K,L<JY<_B_Q[A2/*"!CFVF,B`$$=
MWDP#T`V;@J*X((@L)Q4%8$B`J*ADDT#*"IN[XG,@B0@CMVB0H!X`#`/VP##7
M]-_[Y?\`E[P3N'__T>T>X\2%EJ"]F8+Z7$?S$<]KR4%#QMJEIZ2%C8M08ZEQ
MCB_1M.H%KF*2_G(=VXG8ABR:SSB3CX]RF`).D^9$30RPYL2=MTYJ5E34AE0F
MK!I@^,:O2SB=A2JK7^K\\C'RSR)@'CU%!8#$WEF+18#%$#HIG`2@&Z99P046
MPV.!J40\G[++,82&8%(9W(R"Y&[9+G%"I)$WC#M.LNL<I$R%`3J',!2@(B`9
M5&,IR48JLF6KUZUA[<KU^XHVUG;(=2O'%0AN-?KE8B7TM"OYR.C9BVR1QAV+
M%B[>)MEW\?'JHJ/G:;9-7G!%<&H@!1#='D',U8"YJ2E-TDED6<YVYUHPGG-F
MS8MN5IR2<WD23=*I9W3LT)OY@'3C`&`,`8!9E3OU8NKJTLJ_(%=NZ=8'=:GF
MX[I56LBT'=.8I`.<3M%5"'(FKR%.=)0H<I#;*YVYVU!R622JC&P^+L8J5^-F
M=96YN,NPU\VA]AEYY09(P"S*'\R/OKGJ-^T*T8)9>>"!@#`(Z<4FI:FFFDLT
MZ8.!0L%E,6KP)R#L507D4E1?OR"!@.F9A%)+'3.&W=<"EM\.9.$M=+>BFNY6
M5FFV[C7@MGW90=+T^YCV\[[2KVZ&CW-\>7C`&`,`8`P"WVW\ZIGZOUG^,;9D
M?Q/>Y2X_LH>,^*)<&26Q@#`)J<$=[B:?>;BWL,JQAH.1IJL@X?R+M)HT2=04
MBT.W!11<Q";3-)%SN[!$PF`"@`B.8./MN=N&JJR4N,Z;JQBK>&Q6)5ZXHVI6
MZMMT58M?,V99U2X[19RA8[2:%82;%FX^%V&SMWW1I0A-FU*,BFSJ.>-VQA_\
M9=0JA@Y`2)LWALVMGU5;TJ/0C88_K5JW-39]I2BGEE*M'O)-.G9;KV#^U[[P
M)J+<Q+7ITX(Z(D82.:]-)J-W"X%'<(9E)-DE&:1C@`"8'"X@`[=T=FP4MG.O
M<7<G90L];HTIB,&];^5_,UDX61!UBU_OFLK\>NW8QE;06%2-J<:JJ2*:[HCS
M2[P1W#RTB4H_Z=8/:B)N:(D4PES-LX>W87<JLM)SNT=K8O:4_P"K+5LIY(+,
MM_2^R^U0P<(@4!$1```!$1$=@``<HB(CR``!E\U9&S435\5.?A*BXW4_;HO)
MQ(?;'_Q3I19P_<D\("X#E'PI[.0X["QA<T[J[7+R&GQ>/SV\.]^7)R\!'41$
MPB(B(B(B(B([1$1Y1$1'E$1',\U)L5^ZX^U5'?42Y?F&6:7;OHEO\1?5D=S_
M`*__`%C%?XLO[ELZ5LY,]>&`819<.NCT+*3<C5Z%5JBE;H9C6+S$U>`BH&&N
ME6C8V^,&E?GXV*:LVKED"VH3Q=0=W?5.DB!A$J1`*%2E/.&/2R13?C)!=Y&2
MF&,G!SEA>ZDWQQ9INJ3#&*BY&F2=@/8!E%ZHYC8-HF+0JA`YY([O>Z<NY=+"
M:EZ5W1^C56U+6^&92:,D)+02/9+S\V\@($;Q-L[)<U:_7G3]6'B%K-.QZ+ER
M9)$!*<I@2YHBJQ5!!JSXW7#=/7:0*HNBF;LU7!W3JD(;8+=;8.PQ@'8.;O`)
M^;K)NL\VZSR2VK.K7>1(B=,:?ZTV]W2_SLS:/0SGM:/A(=,:?ZTV]W2_SL4>
MAC6CX2-\W#68I]"=,3$,4Y35I`0,40,40Z0YY0$-H"&<]BO2+N^>K;%R[*P-
M/`Y3.&6#:%+FS`6%ES&$"E+%R!C&,(`!0!HJ(B(CR``!E4>^COE%W[.YXKXC
MFB[95#RJK?\`#D9XUG4]%=^ZEP,\4\XP_P!_#RERCME4/*JM_P`.1GC6.BN_
M=2X&/.,/]_#REREH7ZT5EY3K"U:6*"=.5H\Y$6[:7CUUU3B<@@1)%)P910P@
M'@`!'+MBW<5V#=N25=#,?%7[,L/=C&]%R:THAGFV.>&`;$ONN_M6Q/U(N?Q-
MMFIVUZ#+QD=?U'_7K?X4^(Z6LX\]H&`,`8`P!@#`&`,`8`P!@#`*=+R\;`1;
M^:F'B,?%1;59](/G`B"#1HW(*BRZHE`P@1,@"([`')C%R:C%5;*+ER%JW.[<
ME2W%5;T(Q#ZR6A?I,K7N[CQ;+WFV(^Z9KO;6RO7H?MVAZR6A?I,K7N[CQ;'F
MV(^Z8]M;*]>A^W:+@K.M.EERF&\!5[O"S4RZ(NJWCV2JQG"J;5$[AP8@'1(7
M8DBF8P\O@#*96+L(N4[;42]8VG@,3<5FQBHRN/<78,GY:,X8`P!@#`,-?TW_
M`+Y?^7O!.X?_TNW^&T&;0+&881^IFI3<DE85[<S<M#:>Q4A#VMT[6<N[!UA"
M:>QCNVOGZ:YF[HME/.-WC?85PFJ(`8!-2Y9&L15.HT'788KCH;*Z41<[AZX.
M\D)&1D]4("5F9F5>J_C7TQ.3#Y=X\7-[9=RNH<>4PX!E3!!"/CQF09:30400
MP@M-W1AOE]@S*-BY9TMR[P#O%=F;[.00V;?!R9G[/C6]*6B)S'6NYJ[/M6]V
M5U<"3?'0U'9N#STWW:"WCO#TDI5E56%:04B4XR8.80%0TQ"F-%R*RH!MW#/%
MV@KE#_(5*/LYSV(M]'>N0W*Y-YGK&R<5YYL_#7VZSU:/?61\-*]LR_EDV(P!
M@&.=6[RCIMIQ;KFH8@+P\2L,:0X`8J\R\$C&%0,40'>35E'*0'Y!W4]X=FP!
MR[9M]+=A#2_DW3#VABE@L%B,2\\8Y/&>2/RM&FO0C662TEU';6ARLX>0TRJ+
M"Y-MHJJ/HUXX!5=^0H[><D8YP/2$AY#'$#)[P%4,.;K$6%>M.*[Y9CS?96TI
M[/QL;\FW:EDFM*>[OK.N#=-Y[!^RE&+.3CG2+V/D&J#UB\;*%5;NFCI(JS=P
M@H41*HDLD<#%$.00'-"TTVFLJ/4H3C.,9PDG!JJ:W4SU;0V[-H;0`!$/9`!V
M[!V?@'8.05%FT/YD??7/4;]H5HP2R\\$#`&`:=^-74<+AJD%68N`5A]/VIXK
MV@[4U+`^YES/*E$!_=-A30:&`0VE4;'V<@YNL#:U+6NUW4N+</.>LV-\XQW0
M1?\`3LJG_J??<&1=ID.LS3G!@#`&`,`8!;[;^=4S]7ZS_&-LR/XGO<I<?V4/
M&?%$N#)+929N:CJ]&N9647!NT;%VF'9O**G-R)H()[0%5=4W(4H?]H[``1"J
M$)7)*,5E*+ER%J#G-TBB+"6K,HO>6<^Y.JA"IG,Q&+*<3I(1+DY`7,8I0`%G
M8&(58QMFTQTRE#VH``;)X6*LN"[_`#U[)I%CIO$QNMTMYJ=CEW271#D5(11,
MY3IJ%*=,Y!`Q3D.`&*<I@V@8IBCM`?9#-7F-\FFDUF/O`&`,`CCJ]J)L!>HP
M:_*(&2G7B0CR>P:+1.&S:(A_IQ#DV?B]O[L,S\+8S79K>Y>0U&/Q>>Q:?C/Y
MN7@(W9L#4#`-BWW7'VJH[ZB7+\PRS2[=]$M_B+ZLCN?]?_K&*_Q9?W+9TK9R
M9Z\,`8`P!@'-+]Z']JV7^I-,^).,[#8OH,?&9XOUX_7KGX4.)FNW-L<@,`ZQ
M^";[*6AOU):_'7N<-M'T[$^,>]]6OT'9?X2XV2ES"-X4.S?S;L'ZCEOB#C*H
M=_'?1:O?8W?%?$<5^>B'S:,`8`P!@&Q+[KO[5L3]2+G\3;9J=M>@R\9'7]1_
MUZW^%/B.EK.//:!@#`&`,`8`P!@#`&`,`8`P#$>OG]BNJ/U(L'Q!;+V&^WM>
M,C7[6_3,?^%+B-!V=">3#`)3<&G]OU7_`%99_P#=^0S$QWH\M]<9ONK?ZO8\
M67U6;I\T9Z6,`8`P!@&&OZ;_`-\O_+W@G</_T^_C`+!U*.^3K+<\8V:.WQ;C
MIOT=L^>K1S14W>+50,"SUNPE%D"@F(B`E;J;1``V``[0$H]?3M0O)>F>?DW_
M`,.<#(:U./RRW5:2TWKKB"JR`M6-@FE4VUPE'7.`_7C6+4Z@JT9H=/F^KE@+
MLV@;>';X`V;39T72[*FA'$];;D'/!67)JBE+-7/1+=6AFO#I-J_0U?\`.:1_
MJGFR[K0OV[1Q]+7ARX%SC9!P%ZAW4$[GIR$+5EC%,C<(I)U<9=ML*8&\1-@F
M)*.\W@`P,1`NPNP3&'EY<UFT+;[B[3L?.OG.SZJ8F%,3@]=^&JJG8ENO^4V-
M=.U"\EZ9Y^3?_#G-8=GD'3M0O)>F>?DW_P`.<#(.G:A>2],\_)O_`(<X&0US
M<=^IET%.JZ9%A:N@<PC;ILC2Y2SHHIATF.@VZQC4=H)1$X.E3)B`^!(WX!S9
M[/MON[M.POG.,ZUXN%,/@5-K^.5%7L1W5V7P&M[I-J_0U?\`.:1_JGFS[K0O
MV[1QE+7ARX%SC+,?K[Q"Q%4CZ5#V).(KL65<C)M%VQ\P>(IN%E%SHA+M:<G,
M='(=0=Q/G^;3+R%*`99=BW*;G*U%R9L(;4QEO#PPMO&W(V8YDDD\O93KVJG[
M:7:[:Q:66X]KC&\/+&D-Q*Q1DO<9IRUL+4@CND?*J5918KQOO"9!P`BHB81#
MVQ#'(==L1NPU'%+13<^0G`[3NX#$><0O2E7ODU5279[K/H>YO51MMX?]59C5
M"@J6.JPE.705ME[%_'N;U+I2<,]<W:PO#1TFV3T^6!)9,BX;IBF,FJ38<@B4
M<T=VU.U)QFOWGI6#QN'Q]F-ZQ+)156ZG2M'^V\9NZ=J%Y+TSS\F_^'.6S+R#
MIVH7DO3//R;_`.'.!D+"U/U)N.FM$L=RDJY22$B(]4[-$][FC"\E5PYB+8II
M#I\@*QG+Y0A1*!BB!-XVT``1"Y:MN[<C!;K,3'8JW@L)>Q,WWJR=E[BS[K-!
MK^7NLH^>R<A'0;M_(NW+]\Z6L\B*KEX[6.X<N%1"I``J++*&,8?PCG0I-)))
M47[:#R:<H7)RG.Y)SDVVZ+*WG_B/)TFU?H:O^<TC_5/)[K0OV[132UX<N!<X
M=)M7Z&K_`)S2/]4\=UH7[=H4M>'+@7.'2;5^AJ_YS2/]4\=UH7[=H4M>'+@7
M.'2;5^AJ_P"<TC_5/'=:%^W:%+7ARX%SATFU?H:O^<TC_5/'=:%^W:%+7ARX
M%SATFU?H:O\`G-(_U3QW6A?MVA2UX<N!<XH#9S:.U$Q\CP&]U!6]H=I)'8`=
M8VO=$#=E-HB([=H;`V;/9V\D=UK/(LW+V"MJWT<.[EWSW%HC_,?A:+K(U&/%
M_+1D``G$2M6:-E?G>/5"[N\1ND:JD`0(!@$YA$"E`>4=H@`W;=NY=EJQBOV[
M1C7KV&L1UKER785%5_2(@W"_7BYNP5D&$.@R1.8S*,0G7W16H"&Z!S"-?`SA
MR)>0RAN7E$"@4OM0VEJUT2I&*KIK^XT&(Q$<1*L[LE%9EJJB^D6;ST]^C8C^
M&WO]7\O5GX*X?W&/2Q]Y/R5SB6>C=RLLO!&@UHZ#5?00%(D*]C?D45C%!$&P
ME`*PKO@T,`I#LY"D!/\`#FLQ=N49ZZBJ2[.[P&]V?>M7+71NY+6C_*LVY_%N
M9N`S'TFU?H:O^<TC_5/,3NM"_;M&PI:\.7`N<.DVK]#5_P`YI'^J>.ZT+]NT
M*6O#EP+G&!M1-8;`P!S`UQA!&D`$Z+V5;V%\NDR_=D409F-6D@,]*;PJ!O%3
M\`;3_N,VQAIRI.Y%:NBO[C5XO&V85M6;DM?=>JLF]W6<C&9Q8#")C1T28QA$
MQC&G'HB81':(B(U_:(B.;'N_!7#^XTU+/WD_)7./YST]^C8C^&WO]7\5GX*X
M?W"EC[R?DKG#GI[]&Q'\-O?ZOXK/P5P_N%+'WD_)7.-CWW5ZDF?BNCP>M&+=
M+L#<Q*=K(N':@J<TPV%%-6+9%*02B([V^(@(`&SEVAI=NZWFENJ7VBW?Y9=@
M[?J"K:VQBM24F_-I9TE_W+?99TRYRIZV,`8`P!@'-+]Z']JV7^I-,^).,[#8
MOH,?&9XOUX_7KGX4.)FNW-L<@,`ZQ^";[*6AOU):_'7N<-M'T[$^,>]]6OT'
M9?X2XV2ES"-X4.S?S;L'ZCEOB#C*H=_'?1:O?8W?%?$<5^>B'S:,`8`P!@$C
MN%C4"SZ::LM+14'J+"92@IID1PNS:ODP;O$4B+D%N\261$3%*&P=W:'L9A;0
MMPNX=PFNYJC;[#Q=_!8^-_#R2N:K5:)Y]\V;^N7K]Y41GFQ7_H_-%YCA_!?"
MSM?B3:_W\?)CR#UR]?O*B,\V*_\`1^/,</X+X6/B3:_W\?)CR$QN$/6S4/5J
M1O+>\2K622A&4$M'%;Q4='"DH^7E$W(F,Q;H"J!RMB;`-MV;.3PCF%C+%NRK
M;MJE6SH^KNT\9M">*6*N*2BHTR)9ZUS+L$X<P#J!@#`&`,`8`P!@#`&`8(XH
M)-6%X=M:99!--5:.TXM+M)-;>YHYT(M<Y2J;ABGW!$.78(#F3@XJ>*P\7F<U
MQFKVY-V]C[2N)959D_D.7[OZL?Z'A/\`N?\`CF=AYE;\-_(>'^U+WW<?EY1W
M]6/]#PG_`'/_`!S'F5OPW\@]J7ONX_+RDUON^=6)FU<45+A7D=&-V[B'N2AE
M6P.^>*+>K2BY0+SKA0FPQB;!VAX,U^U,+"W@[DU)U37&CI>J6.N7]N8:W*$4
MG&>GP6=$6<L>OC`&`,`8!AK^F_\`?+_R]X)W#__4[^,`LR^?,C'ZYZ<_M"J^
M"47G@@TX\;\SUGK>JPWP$*[58")W0$!W#N`>3P[P!X#F+-%\/*)=GL;,W6`C
M2Q72WR?,><=:+NOM1PKWEN*X:R^<B!F:<Z9=T)U!3TPU3J=M=JJI1#9Z=A/"
MD514>I)1%1@_5,@B4ZKCH1%P<E3*`F,HB78&W9EG$6^EM3@N^W-\V.RL8L#C
M\/B)/^FG27BO(]^F?M$L-4N.V8?&<1>E$,6&:;3I]I[`@@[E50Y0YV/A@,M'
M,0VAM*9P9T)BCRIIFS#L[/2H[TJO0N4W^/ZU7)UMX"WJQ\*65]I9EVZ[R,8U
MSC=ULA=PDLO6[8D&P##,PB;-R).3]PM7UH9,%``/W1TU/#R@(Y=E@+$LU5O/
ME,&SUGVG:HKCA<79C1_1H9"_Z@-P]'U:_A.4_P`W+?LZ'WCX#,^+L1ZG#A9#
MC4N_RVI]UF[M-)I-WDRL@)6:"BJC9BU:-46;1FV%41/S2+=`NT>3>.(F$-HC
MF;:MJU;C;CF1SF-Q=S'8F[BKBI*3S;B25$D6+EPQ!@#`+JT'U6MND4HI8ZJ[
M`N_/VA"6B7&\>,FV!+=,G,S?H@(<H<HIJDV*HF$1(8-I@&S<LPO0<9K=?:-C
MA,?B-GXF-ZQ+^&-5N25%D?S/.C>GI3JU5-7*HE:*ZY*B9$I4IR(=*I@_@'X)
MB=1J^`-T!1$"B9%<`!-9,-X-@@8I='>LSLSU)+>[)Z5@-H8?:&'5^S+QD\\7
MH?S/=+%U+XH-)].8]X8MAC[98$B&*TKE:>H2"ZSGP%2?2+4',?$I$,("H94P
MJE+M$B:AMA1N6L)>NM=RXQTLQ<;MS9^#A*EY7+VY&+KE[+54NWP,U)ZL:RW7
M6&;&4M#X2L6ZB@P]?9F.G#PR)Q$`*V;B8>>=&)L!1PIO*J>#:!0*4NXLV+=F
M-(++IW6>?;0VEB=HW>DOS[E9HK,M[L]G.8HR\:\8`P!@#`&`4^4E&$,P<R4D
MY3:LFJ8J++*#R`'@*0A0VF454,(%*4H"8QA```1'*HQE.2C%5;*9SC;BYS=(
MHBM):ZR"EEF1@(ALU3/"P")'$D<[I<2I2%G,54&Z!D$43F!7]R)E0#9X1S-A
M@HZSUY-Y%F[9K+NTY.U#HK:2UI9\NY$QC.3\O9'QI&9>J/70D*D4QBIIII)$
MV[J2**)$T44P$1'84H;3"(CM$1$<V$(6UJP5$:J[=N7I:]R59%'RLMC`*M"S
MDI77Z<G$.SLWB93$YPI2'*=(XE$Z*J2A3IJI'W0V@(#R@`^$`'*9PC<CJS54
M5V[L[4E.W*DC/T)KTAT8Y+%$*]+33VI+Q`D%%R?D`"J(.EB&:_A$P'4`?\D,
MP9X)U_ISR=DVMO:BU7TMONNQN\.8L"U:N66P@LU:&+"1:I3IF;,S"=TLD<!*
M8KE^8I53;Q1$!!,$BB`[!`<OV\+;MT;RR_;<,6_C[UVL8]S#L9^$Q5F28(P!
M@#`-BWW7'VJH[ZB7+\PRS2[=]$M_B+ZLCN?]?_K&*_Q9?W+9TK9R9Z\,`8`P
M!@'-+]Z']JV7^I-,^).,[#8OH,?&9XOUX_7KGX4.)FNW-L<@,`ZQ^";[*6AO
MU):_'7N<-M'T[$^,>]]6OT'9?X2XV2ES"-X4.S?S;L'ZCEOB#C*H=_'?1:O?
M8W?%?$<5^>B'S:,`8`P!@&6M%?Y\(?JV1_-DS%Q?V+WT9VSO28[S)BYJCH!@
M&Q3[OGYXU/\`U95OC4WFMVCWMK?9V75#[3'>+#CD;.<U1VXP!@#`&`1DL_%Q
MH[4;#,UB9>SY)6!D747($;P2ZZ!7;-4R*P)+%5`JI`.4=A@#E#,J&#OSC&<4
MJ-:31W^L.SL/>NV+DI])"33[G=10O7:T+_U^R^;KCW[*O,<1H7"6OB?97AS\
MECUVM"_]?LOFZX]^QYCB-"X1\3[*\.?DLEDW73=-T'*0B*3A%)=,3!NF%-4A
M5""(>P.Z8.3,-JC:.@34DI+,T?M@DCMQ<?9AUY_\K;A_%#C,O`>FX7QUQFHZ
MP?HFU?P)\3.1S.[/G\8!/?[M'[7=#_4=Z_W/E\U>V/0+N_'C1U74O_R#">+/
MZC.G7.-/;1@#`&`,`PU_3?\`OE_Y>\$[A__5[^,`LR^?,C'ZYZ<_M"J^"47G
M@@T,\1$SU]K?J:_`XG!*U/XDIA$3;25_FX$FZ(^$@%C0`NSDW=FSDSH,-'5L
M6EV./*>4[8N]+M3'3K_W&O)[GYC#&7S6#`&`,`8`P!@#`&`6_6?FYS]8+9_O
M5,Y"S=M\9<N=\O%C]5%T).W:"3A!!TX10=E(1VBDLHFDZ(F;?3(X3(8"+%(?
ME`#`(`/*&319'0I4I)-*32>?LGGP4C`&`,`8`P!@%/E)1A#,',E).4VK)JF*
MBRR@\@!X"D(4-IE%5#"!2E*`F,80``$1RJ,93DHQ56RF<XVXN<W2*(97^^OK
MG("4HG;0C10W5S#;LWMFTH/'8`.P[M4@\@<I4BCNE_QC&VUBRK4?YWG9SV*Q
M4L1/1;69?.^R8F1^?I+]40GQVP9=7?RWE\Y9?V%OQY<42KY46A@#`&`,`8`P
M!@#`&`;%ONN/M51WU$N7YAEFEV[Z);_$7U9'<_Z__6,5_BR_N6SI6SDSUX8!
MK[K%:LL6GKI'Z=4N>TU6U+TIB*;1>?KLI3K%#ZT1%/U8?NU;'<'T]83:BVTB
MJJ"K^^\\5F^639)I/))0#K)"=!8UGTU.[L=ADJUH==VFBRVE=QKE&TX;PKN&
M>H\23YM5DHG4&+KH/47.G<B,>S6AV5O$8YHPD63Z2!ZFC))23X#-6C=+MT)J
M:S>SE8EF]S1<Z[N-7-1'+15M$7.*LVHS.5TABV\MO)M+F=I54VXQ/-@Y/5(R
M/<1J@QYG717(&GC[T/[5LO\`4FF?$G&=AL7T&/C,\6Z\?KUS\*'$S7;FV.0&
M`=8_!-]E+0WZDM?CKW.&VCZ=B?&/>^K7Z#LO\)<;)2YA&\*'9OYMV#]1RWQ!
MQE4._COHM7OL;OBOB.*_/1#YM&`,`8`P"Y:I9G=2ER3#)NW<KD07;@DZYWFA
M*N`%,8>:43/O!LY.7+=VVKL-1O(7K%Z5BXKD4FZ;ID_OZL?Z'A/^Y_XYF-YE
M;\-_(9OM2]]W'Y>4=_5C_0\)_P!S_P`<QYE;\-_(/:E[[N/R\IE#3/4&3NR\
MNE(,F+0(Y)FHD+,'`"<7)W!3@ISZRH;"@B&S9L\.8^(L1LJ+BVZF;@\7/$NX
MI12I3,9;S%,X8!MPX"/['[)_YE3'^Z].S3[0^VCXJXV>A=4_TZ]^._JP)NY@
M'3C`-!VOG]M6J/UWL'Q];.APWV%KQ4>3[6_4\?\`BRXS$>7C7#`.CJ%^9XG]
M6,/BJ6<U+OI;Y[-;^SM^*N(J>4E9';BX^S#KS_Y6W#^*'&9>`]-POCKC-1U@
M_1-J_@3XF<CF=V?/XP">_P!VC]KNA_J.]?[GR^:O;'H%W?CQHZKJ7_Y!A/%G
M]1G3KG&GMHP!@#`&`8:_IO\`WR_\O>"=P__6[^,`LR^?,C'ZYZ<_M"J^"47<
MNNDV06<KG!-!NDHNLH("($22(*BAQ`H"80*0HCR`(X2JZ+.4MJ*<GF1SE3<F
MK-S4O,K[>?EI1_)K;P[3<Z_=JNE-H[1VCOJC[(YTT5JQC'0CQN[-W;MRX\\I
M-\+J4S)+8P!@#`&`,`8`P!@%OUGYN<_6"V?[U3.0LW;?&7+G?+Q8_51<&26Q
M@#`&`,`8!39&8B8@@*2DFPCB&#:47KM!MO[.3V@+'()QV^P&T<JC"4N]BV43
MN6[:K.:6^RSG>JM#9[P&GTESAX"-&KYUO#R<A5$6QD/`/LG`,NK#7W_`6)8[
M"Q_[M=Y-D9+]?G]T?[`YQK"M5#=7Q^]RB/*7I;O=$2J.U"C_`(2I%'=+MVF,
M;8V+$;,=,WG9I<5BI8B6BVLR^=]DQ]E\Q2D(_/TE^J(3X[8,I7?RWE\Y=?V%
MOQY<42KY46A@#`&`,`8`P!@#`&`;%ONN/M51WU$N7YAEFEV[Z);_`!%]61W/
M^O\`]8Q7^++^Y;.E;.3/7A@#`&`,`YI?O0_M6R_U)IGQ)QG8;%]!CXS/%^O'
MZ]<_"AQ,UVYMCD!@'6/P3?92T-^I+7XZ]SAMH^G8GQCWOJU^@[+_``EQLE+F
M$;PH=F_FW8/U'+?$'&50[^.^BU>^QN^*^(XK\]$/FT8`P!@#`&`,`8!(?0#]
M]V?_`-6B_P`Z^S!QV:WOLVNRN^O;R^<DQFN-R,`G[PJ\1&FVDFGLS6[BYET9
M-[<Y";0*PBE7R(L',)76"1C+$4*!51<1JH"7P@``/LYKL7AKMZY&4$J:M/E9
MUNP=L8+9^#N6<3*2F[CED5<CC%?,R3'KM:%_Z_9?-UQ[]F+YCB-"X3=_$^RO
M#GY+'KM:%_Z_9?-UQ[]CS'$:%PCXGV5X<_)9HPUSXD(V3UCU,D(>MK/8IY<Y
MYQ'NW$H+%=PT5?JF1659FBEQ;'.00$2"<V[X-HYTF&P+\WLZURCU5N?O/+]J
M;8A<VCC9V[+=MW9-.M,E=%,ABGU@O_A'_P!O?^Y<O^8_\OR?O,#VK_P?2_</
M6"_^$?\`V]_[EQYC_P`OR?O'M7_@^E^XF"WU.U&,W0,2^W5(AD4C$3+:YT"I
ME$A1*0H`^*&Z0.0-@!FL=JVFUT<>!'01QV-HJ8N[2GARY3]N\S4CT@W?SKGO
M'\=%;^[CP(GS[&^N7?+EREE:D:@7V0H5O8O[O;GS)W7Y-!TS>629<M7*"C90
MJB+ANL].DLDH4=ABF`0$/#EVQ;MJ]::@JZRW$8V,QF+GA<1&>*N.+@ZIRDT_
ME-;V;TY`8!.+[NJ=A*YQ64B6L,Q%0,4A#74B\G,R#2+CT3KU.611(J\?+(-D
MS+*G`I0$P"8P@`<HYK=K1E+`W5&+;JLV^CINI]VU9V]A;EZY&%M1GE;27>/=
M>0Z0.^;1_P!*^FOGU5_I3.0Z"]]S+@9[)[2V=Z_8\N/*.^;1_P!*^FOGU5_I
M3'07ON9<#'M+9WK]CRX\I<-?O-)MJSAO5;C5K,X:)%6=H5^PQ,RLU1.;<(JX
M2CG;DZ*1S\@&,``(\F4RMW(4UX-;ZH7K.*PN(;5C$VYM9]62=.!LNG*"^,`P
MU_3?^^7_`)>\$[A__]?K4+=6-AN`R+#6B>;:5]X,K%ZPE'5]1S:0@#M+S)1%
MN>,JQ-E?<.%!A;O'0T(W,Q5BG<@P=J#+IM13YU<3VB3]2?3TEHS3WEA-.*NE
M+M54XMW:&RK*TR51;ZRQS:B3%H:+M6#EK9IFDHQ[N035;MUB/%E`422.!DRA
MNE]ZRS(U_2;4>7*8"*M*78NC&'E`'KB+<M66\`&*(EZ6L3;L$!V>#+MB.M>M
M1_F1@[2N=#L_&W-U6I4WZ-+Y3G\SHCR,8`P!@#`&`,`8`P!@%OUGYN<_6"V?
M[U3.0LW;?&7+G?+Q8_51<&26Q@#`&`>9X\:Q[59Z^<(M&C<@J+N%SE322(&P
M-XYS"`!M$0`/9$1V!RY*3DTDJLB4HQBY2=(HBO?-7G\PJI&UE=Q&11#B4S](
MQV\A(;H[-XIRB55FU,/*!0V*&#]T(;1(&RL86,.ZN*LM&XC28K'RN-PLMQAI
MW7R(PJJJJNH=9=51950=XZJIS**'-X-ISG$3&'8'LCF8DED2R&M;;=6ZL_/`
M&`,`I"/S])?JB$^.V#*5W\MY?.77]A;\>7%$J^5%H8`P!@#`&`,`8`P!@&Q;
M[KC[54=]1+E^899I=N^B6_Q%]61W/^O_`-8Q7^++^Y;.E;.3/7A@#`&`,`YI
M?O0_M6R_U)IGQ)QG8;%]!CXS/%^O'Z]<_"AQ,UVYMCD!@$Z=.?YCUK]6I_G%
M,TV(^VN;YTN#]&L[Q>V63)/,\_>CK_U9?\T;)6=;Y$N]EO&NG-\<D,`8`P!@
M#`&`,`]+=X[:"86CIRU$X`!Q;KJHB<"[=T#"F8N\`;1V;<AI/.B5*4>]DT>G
MKF8_2LE_MSKWW(U(^"B>DGX;X1US,?I62_VYU[[C4CX*'23\-\)*C0]RY=U.
M04=.%W*A;$[("CA518X$"-B3`0#*&,8"@8PCL\&T1S6XQ)78T7\/SLWFS6Y6
M)MNKUWQ(S+F(;`8!`V^?STM'Z[D/C!\W5C[&WO(YC%>D7O&9:672P,`OTFI]
M\(0I"6)R!2%*4H=&8<A2@``'*TV\@!ECS>S]WQF3Y[BEDZ5_)R'UWI7WRC<_
M[-'^*8\VL?=KY2?/<5]\_DY#RO=1;I(M'+![.KKM':*C=RB9NR*55%4HE.03
M$:E.`&*/L"`Y*L68M24,J*98O$3BXRNMQ>\65EXQQ@&2=)G;5E>(UP\<MVC<
MC>1`Z[E9-!$HG8KE*!E53$(43&$`#:/*.8^*3=F22J\AF8"48XF#DTE1\1+O
MM-7/*"$_A5A[_FKZ.YX#X&;[IK/WL>%#M-7/*"$_A5A[_CH[G@/@8Z:S]['A
M1*WA3X@:#I)8+7(S9I&>2EX9DR02J8PLHX040>BN91VF[FHTJ2)BCL*(&,(F
MY-F8>,PUV[&"2I1[M5\QO]@[6PFSKV(G=UI*44NXH]W=JT3>]??1_P`F]2OX
M'J_]<<P/9][PH\+Y#I_BS9WW-_@CSQZ^^C_DWJ5_`]7_`*XX]GWO"CPOD'Q9
ML[[F_P`$>>6!ZYFE_:+K?J&^]&[?]JMSJNO<_P!7=UG8CF=WM3S?3>MOQF[O
M;G1_;;^_^+R/9U[PH\+Y!\6;.^YO\$>>?__0[^,`LR^?,C'ZYZ<_M"J^"48/
MXR)D(G02SMP-NJSLA7H9(WM=NTTRTDUR@!AY=]I&*%'8`CL';_A#+P4:XB'8
M3?R&AZR7.CV3?6[-Q7RI\29I5S>'F8P!@#`&`,`8`P!@#`+?K/S<Y^L%L_WJ
MF<A9NV^,N7.^7BQ^JBX,DMC`&`?DNNBV15<N%2(H()G6665,!$TDDRB=110Y
MA`"D(0!$1'P!DI-M)+*&TDVW1(AOJ7J"M;WW0F!SI5]BJ/1D_;$%^N7>+T]<
M@E*8`$HB"1#<I"CM'88P@&UP]A6HUEW[^3L'/8S%O$2U8_9+Y>R8MS),(8`P
M!@#`*0C\_27ZHA/CM@RE=_+>7SEU_86_'EQ1*OE1:&`,`8`P!@#`&`,`8!L6
M^ZX^U5'?42Y?F&6:7;OHEO\`$7U9'<_Z_P#UC%?XLO[ELZ5LY,]>&`,`8`P#
MFE^]#^U;+_4FF?$G&=AL7T&/C,\7Z\?KUS\*'$S7;FV.0&`3;T]E(Q&E5Q):
M18I*$CB%.FH[;D.0V^IR&(90#%'_`+<U%^,G>N-1=*G1X2<%AK*<TG327EUQ
M$?I6-_VYK[[EG4GX+X#(Z2W]Y'A1YWDQ$BT=`$I'"(MUP``>MA$1%,VP`#G<
ME0G5=R^`B5RWJR_J+-I1KZS>'*C`&`,`8`P!@#`&`,`8!D.I:ESM-C5XN+:1
M*[==ZH_.=^@\56!95!LW,4IF[]J0$P(U*(`)1':(\O@`+%W#PNR4I-UI3)_T
M,NQC+N'@X0C%INN6O*M!=/?Q;_T=6_\`8Y/Z8RUYE:\*7R<A>]J8CP(<#Y1W
M\6_]'5O_`&.3^F,>96O"E\G(/:F(\"'`^4Q)+R:\S)OY9T1%-Q(NEG:Q&Y3E
M1*HN<3G*D5114Y2`(\@"8P_X<RHQ4(QBLR1@W)NY.5R6=NI3LJ*!@#`&`,`8
M`P!@#`&`9NT2EHJ)E)Q24DH^-368-B)'D'C9F14Y7`F,1,SA1,IS`7E$`VCL
MS#QD92C#5BWEW#8[-G"W<N.<TE3=="1O;*H>55;_`(<C/&LP.BN_=2X&;CSC
M#_?P\I<H[95#RJK?\.1GC6.BN_=2X&/.,/\`?P\I<H[95#RJK?\`#D9XUCHK
MOW4N!CSC#_?P\I<I_]'OXP"S+Y\R,?KGIS^T*KX)1#/[P";Z/3*#7-X0&6L\
MC,[NPOMBP$7T(1$W[O84;&'('(.WEY0#-CLZ-9W):%3A_P"AR/6V[3#82SX4
MV_)5/_<:L<VQP8P!@#`&`,`8`P!@#`+?K/S<Y^L%L_WJF<A9NV^,N7.^7BQ^
MJC]YJPPM>;]*F9)LP2-MYL%C[5EA+LWBMVY`.X<&+M#:!"F$/9RY"$[CI"-6
M8]R[;M+6N321AUUKS#IR22#2'>N(L%!*Y?J*IH.=SP<XV9;#@<H#R[#J$,(>
MP`YE+!3U6W):V@U\MJ6U-*-MN&GD1F6(G(F>8DDHE\@\:'#E43-L,B8`WC)N
M$C[JC=4@#M$IP*8`Y?!F).$H2U9*C-C;NV[L=>W).)&/574<9Y92O0B_R*V4
MV/'29N25<I&'8!#E,('CT3``E]A0X;W*`%S8X;#ZBUYKN^+]YIL=C.E;M6W_
M`$UG>G]QA+,PUHP!@#`&`,`I"/S])?JB$^.V#*5W\MY?.77]A;\>7%$J^5%H
M8`P!@#`&`,`8`P!@&Q;[KC[54=]1+E^899I=N^B6_P`1?5D=S_K_`/6,5_BR
M_N6SI6SDSUX8!@-KKHFS)J8ZN5-EZLQTWHHZG.A2?,9Z3/3#)V55!*;B&0(N
M*U='+2J.'9(DYG!3,UT!*Y%QTMLT$T+1EN(^P04V^I<GI')EU#A:5-ZKS-7:
M7"!=M>ZR""*(M+PD]S"362M[V2E1BVT2Y28-5)5@]`9`K!-M(.PH7K1=;FUY
MLK:/:UMRRJE@<ZB,*1;U)5BOVAD-*[.2I6MN^@RD2=0Y)&0*X<PJB:KT'T<R
M76<]!4YA!<*&AK[T/[5LO]2:9\2<9V&Q?08^,SQ;KQ^O7/PH<3-=N;8Y`8`P
M!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@'__
MTN_C`+,OGS(Q^N>G/[0JO@E&M'CXG`>:D5.!(<#$A:@#U0`WMJ;N:E7H*)FV
M\@CT6,0-R!X#^'V`W&SXTM3EIEQ'G_6R[K8W#VD\D;=>W)OYDB">9YRHP!@#
M`&`,`8`P!@%JS=VJU=$Z<K,M$'!`VBT3,9T\]G=`6K8JJQ-X0V`)@*'^'+L+
M-RYWL'0LW,38L]_<2>C=X"/Y]<B$B7C6KL%07/.6H0DI,B8$2*K9990BC=DF
MHISI]T^T!4,`%$.4A@Y,R;.#W;DLE7D6^8>+VE1J-F.75CE?BK<,,R4I(3#M
M1_*/%WSM4?;KN%!.?9M$0(0!]JFD7:.Z0H`4OL`&9\8Q@E&*HC2SG.Y)RG)N
M1X,J*3W,Y.1CR.DF+YTT3?(&:O$VZZB1'+<_(9%<I#`"A!`=FP?8$?PY2XQE
M1R2;15&<X*2C)I-49X<J*1@#`&`,`8`P"D(_/TE^J(3X[8,I7?RWE\Y=?V%O
MQY<42KY46A@#`&`,`8`P!@#`&`;%ONN/M51WU$N7YAEFEV[Z);_$7U9'<_Z_
M_6,5_BR_N6SI6SDSUX8!'ZM\/["O04[4W%\M]JJ=R=32E]A;/%Z=)+7%O8ZW
M-5^>"7L--HM.L[J6F1D&BSB27>.'Y@C44BJD3%0#":E-D.&2LR[B3EY6^:FO
M[;/P,M2K)=SR]9;6><TXG&T4WDM.E%(^I,XB$KRAH9%=)U$LX^;:O#+N$'Z2
M[MVHN%2]:IHK5:?:"62*>SAVL=VS-5:DZ7B^RE*7U%GVUHO+JN-&D0TE#N;!
M.MQ5*>0>/^K$5EFD=T-FLHW,(J:`_O0_M6R_U)IGQ)QG8;%]!CXS/%^O'Z]<
M_"AQ,UVYMCD!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&
M`,`8`P!@#`&`?__3[^,`L'4IDC(UENR<'=IHKW'3<ISL7[Z+=E`NHM5.',OX
MQRT?-C;Q0VBFH41#:`\@B`B4:5>*AA%RVNU[YE]95&T6ZCH-N"UWN+TZ?542
MQ:O"<^XG55-G615S;NWV@F$/8S>X2"CA[>EY3S';V(=S:N*I35BU',GF23W-
M-2*]C5J54:I.IJ4GVY5U#)-TB6FV+.%SE*)S<T@G,&.)"!LWC#L(43``B&T-
MN;;LRNND$^$T-[%PL14KCBJ_RKD++1U!TX7=-FI7]P(#A5-+I*U@M"35`5#@
M0#N%#SX'33)MVF,!1``Y<NO!74F_G9CK:MAR4=/\L>0ROV:C1Y0<V#SLM7TS
MF-1=GA9G=)+1'R8\@[,QW^LV#SLM7TSBB[/"QTDM$?)CR#LS'?ZS8/.RU?3.
M*+L\+'22T1\F/(.S,=_K-@\[+5],XHNSPL=)+1'R8\A\FK<80ICG=3Y2E`3&
M,:VVDI2E*&T3&$9D````.4<:N_PL=));D?)CR&';!J+2(I19M&'M,ZY2,8F^
MWMUG;QXG+R"`/5)@YU"[?`9-(Y1#P#F7#!7)4<GJK?=37W=JVX-J$5*7BQIP
MT,,6"]3LV!T6TA-0K,P"44(^TVKGE"CMY%GBTR=<1$!V#N<V40\(9EPP=F&5
MU;[+9KKNU,3<JEJQCV(QXZ&-30K0PB8SB8,8PB8QC6&?$3"([1$1&2VB(CF1
MJ+L\+Y3#Z:>B/DQY"D0L*S%FM^.EOG:?#DGYT/!.R0!R!)`&W8'*/LY3&*H\
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M3W128&$02>NW"13[2A[8``P!M#;L$=NEV[%+"6\_VBW7X,CM^H-R4]L8I-1]
M&EF27_<MZ$CIESE3UL8`P!@#`.:7[T/[5LO]2:9\2<9V&Q?08^,SQ?KQ^O7/
MPH<3-=N;8Y`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@
M#`&`,`8`P!@'_]3NA?:X:5,D+PLG<6,T?3:SUVDWEC4VDI=)BN7*V.X5C7ZF
M]@ZBPFY@UDD'-C8`#%-!1RF5VF=0A"&`V!0JMFDFTS48.5:)R"+60M.F;MNE
M*Q,K!22:2^H%6.0CZ&G&<=,1CDH#[=!R@DLF/(8H#R8)1H!U9O<=U_=KU*.!
MZ/+V6=ETP#<Y]VK*R;MZW:MD]XI#+*%4]J4!`I2@(\A2B(=/8M2DK=J*RI(\
M8Q^*@[V)Q4WDE.3WZMNB->]JL\C;9=>5D#[-[\6T:E,84634HB*;=$!_!MVF
M-R"<XB(^'9F[M6XVH*,3E+]Z=^XYS[2T(MO+A9)7Z.WGKA@%:DEMLG%H@+%5
M0_MWT<3VH)[3#M.NQ#84?9,EL'EW3#FLQ5G4ETD5W+S]A_O-YL_$])'H9ONX
MK)V5^[B,G6&U057;=)F7Z3;>*8R+8OXUXY$NWVK=L3:H?:;DWM@$*/[HP!F/
M;M3N.D(F;=OVK"K<E3C/%`7NJV0"%C)9N+D^P.@.1Z(^WN3VI6Z^X980$0Y4
M]\O^')G9N6^^CDT[A3:Q-B]WEQ5T9F?O8+E6ZP01F)-!!?=WB,DQ%P^4VAM+
MNM$=Y4I3^P8P%)^$P9%NU<N=Y')\A-W$6;/VDTGHW>`C#?=4Y&U<Y'1H+1D"
M/M3H[P%=R`?A?'3,8I4OP(E,)?\`*$W)LV-C#1M=U++/B-+BL=._6$.YM?*]
M_D,39E&",`8!2(3]Y+?K>P?Q])93#,]]\;+M[OUXD?JHJ^5%H8`P!@#`&`,`
M8`P!@%(1^?I+]40GQVP92N_EO+YRZ_L+?CRXHE7RHM#`&`,`8`P!@#`&`,`V
M+?=<?:JCOJ)<OS#+-+MWT2W^(OJR.Y_U_P#K&*_Q9?W+9TK9R9Z\,`8`P!@'
M-+]Z']JV7^I-,^).,[#8OH,?&9XOUX_7KGX4.)FNW-L<@,`8`P!@#`&`,`8`
MP!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P#__U>V^_:-/+0ZN
M\@,;1;@ULD]IY.$IE]:2)JY+)TADNW5BY9ZQ2?&CS/'*A%D7(L9-!,4MQ9FX
M3.8F":YBAZB,Y#2CAED$)67ZUDJLE!NRNN<>K-D'"E[BWT9!1BT@NZE586#%
MRC&QYW:RSLS-ND+A4ZN^H-RU'6NVXZ9+C,3'7>AP>+O5RQMR?;HZ?*<S&L5M
MZ]G^J&BHFC8$RB`B4P\VXDAV%>+;.0#`W$O,EV[=@E.(#L-G<82UJ0UVNZEQ
M'@.T+_2W>CB^XCQ[O(8?S*,`8![(^0>Q3UO(Q[A1J]:*`JW<)[-],X`(>`P&
M(8IBB(&*8!*8HB`@("(9$HJ2<9*J95"<H24X.DD?+U\\DG*CQ^Z</'2P[RKA
MRJ=94X^QM.<3#L#V`\`!X,**BJ15$1*4IMRG)N1Y?!RADD'T<YU#&.<QCG.(
MF,<YA,8QA':)C&$1$1$?9'`;;RO.?.`,`8`P"D0G[R6_6]@_CZ2RF&9[[XV7
M;W?KQ(_515\J+0P!@#`&`,`8`P!@#`*0C\_27ZHA/CM@RE=_+>7SEU_86_'E
MQ1*OE1:&`,`8`P!@#`&`,`8!L6^ZX^U5'?42Y?F&6:7;OHEO\1?5D=S_`*__
M`%C%?XLO[ELZ5LY,]>&`,`8`P#FE^]#^U;+_`%)IGQ)QG8;%]!CXS/%^O'Z]
M<_"AQ,UVYMCD!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`
M&`,`8`P!@#`&`?_6[^,`@O\`>165U5N$#49^Q%0CYS.Z6QS19,XD%NHZU5I8
MG7,("`F`J"1PW>4#"(`(;NW,[9L%<QMB+S5-!UHO2L;#Q\H]\XI+A1R^&,)A
M$QA$QC")C&,(B)A$=HB(CRB(CG<'@Y_,`8`P!@#`&`,`8`P!@%(A/WDM^M[!
M_'TEE,,SWWQLNWN_7B1^JBKY46A@#`&`,`8`P!@#`&`4A'Y^DOU1"?';!E*[
M^6\OG+K^PM^/+BB5?*BT,`8`P!@#`&`,`8`P#8M]UQ]JJ.^HER_,,LTNW?1+
M?XB^K([G_7_ZQBO\67]RV=*V<F>O#`(EKP=SK4+Q6Q,#+78;EJC?[<KHR\EY
M*0>"G8I#AFHKF);5.3D"GB*K68JR5>1(U%0S>.;O6ZA#'%PH(*"=!':SU%9>
MQV%W5],M8$=#^ZRXQ="J+>"U$C9WUFG36K##W.(K\@+>P45\M%(JHL;8]",C
MFM@3E))=\BXD"OWH<9FK1NO7.-U-9N)Z"LJ-U*YUW6UAM[YI8FU4L,1+ZC,W
MNC<=%S+U-&!NBS.I`V&#!F+L:S$(/6+@8]RX.U<`S3Q]Z']JV7^I-,^).,[#
M8OH,?&9XMUX_7KGX4.)FNW-L<@,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,
M`8`P!@#`&`,`8`P!@#`&`,`8`P#_U^_C`(#_`'G+=%;@KU445(!SM)W1]PW,
M(F#FEC:U:>-3'``$`$1;N3EY=H;#?AV9L-EO_P"_A]]\3.=ZUI/J_M%M95%?
M62^<YB\[8\*&`,`8`P!@#`&`,`8`P"D0G[R6_6]@_CZ2RF&9[[XV7;W?KQ(_
M515\J+0P!@#`&`,`8`P!@#`*0C\_27ZHA/CM@RE=_+>7SEU_86_'EQ1*OE1:
M)-5/ABEK-2ZC=G>J.EM2:76-DYB'B+&&J"\R6.B[38:>JX>!5-,;/$(<_+UA
MUS9"NSJ<T!3&*43;`P;F.A;N7+70SDXM)M:M,J3W9)YGH-U8V).]AL/B98ZQ
M;C=BVE+I:T4I0RZMJ2SQ>[F+6ONA$[0[)0*Z:V4RT]Y"+=6OS-:4MA(E/G[(
M[JHIR);14JS,-CH2C(^_N-%"BEL,43".S+EK%0O0NS4)+4SITKFKN-K-V2QB
MMEW<+>PEGSBW<Z9=RXZ].^<<NM"+SK0\ACB;JJD2RB9-I,1-ACIEW)1[-W#)
M3J11?1)(Q1XU,A/0D(\,<J<N@)3$3.F83"4#;Q3`%^,]9RBXM-4STW:Z&]!A
MW;#MQMSC<C.$FTFM;.J57=1B]U%7#2R^@TD7!ZS+)+QCF(;KQJD>]"25+-$L
M?1G+9`&PD501=59VU5#?!0KPO,`052J%)3T]JJ6NJ.N7<R4Y4][*7/,<7JS?
M02K%K)1URZV;MQ:?9R9ZTIC6A75[U9T2K3B_7#=R[C!3CG(@[:M(Q:;<N4QW
M-A6Z,(W4>B<VPO1""MMYH-[)=VVM:LUDSY>UQY-_(41PF)GJ:MB;UDVLCRI+
M6;\E5WLN8H\M`S<"HDC-Q$C$K+%.9)*19KLU#\V8"*E`BY"&WT3CNJ%_=$-R
M&`!Y,JC*,LL9)HMW+5VTTKMMQ;TJA>[#2Z2?EJ!1L-89.[H>'&*8/G$TDL1G
M,V!.MHOU'*4&O&/B,WRI3N6[!P\?H(@<QD-J2I4[;OQ72=Q*D:US;BKIKPT7
M9,F.!G+S?^M!2N4HG7,Y:M>]HZ/.HMR2W,CI3T*`\D4W3B`FX.Q,V#F+;2#Z
M.+/M6S`))G8Y%1T\&=@895!A%1]876=K"7FTR*)[HG'?!.7=2HIQ:;KHW*:&
M\]<A0L)*:D[5V,XII-K6255)U>M%9$HMM[W9I9#A(B#A=%-PB\316523=MRN
M"MW1$SF(1P@5V@U=%17*&\4%4DU`*(;Q2CM`+BRI9#&DDFTI)I/.MWLY:/A1
ML0^ZX^U5'?42Y?F&6:;;OHEO\1?5D=Q_K_\`6,5_BR_N6SI6SDSUX8`P!@#`
M.:7[T/[5LO\`4FF?$G&=AL7T&/C,\7Z\?KUS\*'$S7;FV.0&`,`8`P!@#`&`
M,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8!_]#OXP"!OWFG
MV*-7/UOH[^W+37,_9?I^'WWQ,Y[K5_X_M+Q%]>)S"YVYX2,`8`P!@#`&`,`8
M`P!@%(A/WDM^M[!_'TEE,,SWWQLNWN_7B1^JBKY46A@#`&`,`8`P!@#`&`4A
M'Y^DOU1"?';!E*[^6\OG+K^PM^/+BB5?*BT3?T_U:?$TUT^KKKA\N]V;TZ&F
MX*,M-?GYB-82K)]>K?;E!Z,WHDZWY]E)6=PV,8CDP""(;0*;:&:N]AHRO79^
M=QBY-.C2R9$M*T'2X3'R\RPEF6R;MU6XRBI1DTFG.<\VI+,Y-9]PQ[K!JM)2
MMMTME#Z92^GJ>G#)`T3!V.1D'[N7*G<)&U'=K.W<!7E2MU7SPZ`<VB8"E)^Z
M$=N7\-AXPMWHJ\IZ[RM;F2FEF)M#'3G?P,_,I65962,FVWW;E6KC'==,QCR[
M6&Q3Y:DQ<PEV'H82,Y$+W29E;-/R[64+'G.+*3ZJ@#FKK=.%YQ`C9+VBBKA3
MG1$X;EZW"$.D:E'0Z))*G8J\N7B,3$W;UWS>$K5W)62UVY2:=,SI'N<F2BW6
MZY2L/M4I606CYMA3R(LX>SU>TN'NP[@SN1J;V;>')*RK..8$>"X7MX$.X<@K
M("F"/2'#A0W.&I5B*K%W,KBUVG3,NUO9Z)%R>.N3<+L,/2,9QE72XN3RM)5[
M_.ZRS5;>4^X[4N=39158AJ:?K0[&/09MFJ:ZPO3FH%EI@/&D&A'%,Y/,,;+U
M@H8XKG<.`.(G,@HDD@=F-93E<[FO_N3S]BE/WYYAC;JC;L6\-_4HJ4W?Z<H5
M4:;JEK;M77<:2I]SGYJ_,)&=5H;R,BXMY,.7$A"0J36&C[3-2,&M+A)N(N%C
M&*;9)BV(BBFYYV1**J8KNE_:;)MQC::CTJ<FEG>6BK2E7Q9-"11B;US%PG=>
M%<81;=4J)2DXUK2*5**B3K+*JR9\5751[464$+*'>$(PF(%XXZ--/6,))N:I
M8X:SH22$65LLV8W,`8(-%9),Y@!D<`%OSISK*+EA7'*LLZ>YE54UGT;M-.Z+
M&/EAX6M6V\DHO))J+<9*5:9E/(DY:-RK;?PIJI-)'=N:^I:SK*.J_(R;VVV?
MMHX6:0A+!'A$R!QA(=JYK,F6TBDX9N4E451]J;:"@EQT$<BEJ[M**F>F7.\J
MIG(>.NK6E:=RM8MN<M?)'65'W*3B]:C333[9BR17:N7[URQ8EC&3ATX6:1Q'
M"SLC!NJJ8Z+,CIR)G#@C9,P$*=014,!=IA$=HC?2:23=68,W&4Y.$=6+>19Z
M=BO8-A7W7'VJH[ZB7+\PRS3;=]$M_B+ZLCM_]?\`ZQBO\67]RV=*V<F>O#`&
M`,`8!S2_>A_:ME_J33/B3C.PV+Z#'QF>+]>/UZY^%#B9KMS;'(#`&`,`8`P!
M@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`__]'OXP"!
MOWFGV*-7/UOH[^W+37,_9?I^'WWQ,Y[K5_X_M+Q%]>)S"YVYX2,`8`P!@#`&
M`,`8`P!@%(A/WDM^M[!_'TEE,,SWWQLNWN_7B1^JBKY46A@#`&`,`8`P!@#`
M&`4A'Y^DOU1"?';!E*[^6\OG+K^PM^/+BB5?*BT3`%>7L6FFAS:H:X5:D]F-
M.Y^`L5>DM0Y2J/6L^MK3JW92*K1K1(45>E5ZQ1ZA5MHB8A@*/[G9FOI&%[$N
MYAI2UIIIZJ>34BN-,Z"MR]@MEQP^TX6M2S*,HNXXM2Z:[+,M,91RE!U/L3%@
MKP^HSEPB-37](B'JEN=1,RK;&ZJ9]4+)848E9_)`B#Q16"=I`*1QW`*<"B(!
ME=F#:Q6K;<%)Y*JG\*5<G9+6-O0@]DJ[B(WI6HO7:>M_W92I5Y^Y:*#5[K'T
MEP_D@O3:S3CB4F;+$R2<987(,I;L%?HI-65+8(IILD9^=G(PJA42.T%`;B+A
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M#7BGFYTDY<U4I23>39^KV5GH-%K3I1/?0B#3;<7;&03:F>@*RJ2!#/D%`5.1
M2(6IM]WDC1:-R4GV:;F;M,JNXRS"*Z'NKNM/*W+(I0A%Z-;*I4ULK26LG5IV
M[7+5`Q%#=,ETXEY8VJ]I=0K68@DYMLV=RLKH\5!TFA(L7D,*[F%K\NEM6`VX
MF!@]JHHB(USA*5U-5U,E:.F93[>=HLV;]JWA91:B[RUFDXZU&W:RY4UE49K+
MQM&2HVP:0L%9UF#Z`/2)!6.8*5\("P)W"29(:U5J<?+%M!*\"Z,>XH$4IS2:
MK_\`%E`I.C"[V*#9<+[U71](MVJIWC6:OA/1VZ&;"]L^#NQUH>;.BU=66NUT
MT9/NM7-T:R=U_P"G6RE(4F])>ER2HD@^>5K#=G'+C%.91FE>3JVD65E=-V=#
MHC-.M1$0X;-GC)..,*[X6SD4'Q45R#5JWZ1S]]IIW.3)WTLK>9US555D*'=V
M?K3?<5U*+)5:_=4DTK<%JI-)Q4<LM65)4:)$?=<?:JCOJ)<OS#+,#;OHEO\`
M$7U9'0?Z_P#UC%?XLO[ELZ5LY,]>&`,`8`P#FE^]#^U;+_4FF?$G&=AL7T&/
MC,\7Z\?KUS\*'$S7;FV.0&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`
MP!@#`&`,`8`P!@#`&`,`8!__TNTZ5U7U:'4*=TX:1>G5?=O]4J[2Z+8G![+=
M&[:K/M)[EJ@_L-L@$U*"HYGWJE%=1R,:SD$F[(KE)R9Z[%,[8XFF2IA_BP;7
MO7K@6OL76ZTM9[\^L=5@UH>GLW+EO.R6FO$/7(FSSE88J.'KWL[((U!W*,R*
M++*DCC$WSG,`F',V?<A9QEBY<E2";J^TS2]8L+?QFQL=AL-;<[\XJBR*O=1>
M[19C15ZH7%!Z!]3O-62]ZSJO:F`]87`^0\B^%.L'NV7E0YP]4+B@]`^IWFK)
M>]8]J8#UA<#Y!\*=8/=LO*ASAZH7%!Z!]3O-62]ZQ[4P'K"X'R#X4ZP>[9>5
M#G#U0N*#T#ZG>:LE[UCVI@/6%P/D'PIU@]VR\J'.'JA<4'H'U.\U9+WK'M3`
M>L+@?(/A3K![MEY4.</5"XH/0/J=YJR7O6/:F`]87`^0?"G6#W;+RH<X>J%Q
M0>@?4[S5DO>L>U,!ZPN!\@^%.L'NV7E0YP]4+B@]`^IWFK)>]8]J8#UA<#Y!
M\*=8/=LO*ASAZH7%!Z!]3O-62]ZQ[4P'K"X'R#X4ZP>[9>5#G#U0N*#T#ZG>
M:LE[UCVI@/6%P/D'PIU@]VR\J'.'JA<4'H'U.\U9+WK'M3`>L+@?(/A3K![M
MEY4.<4V*X.^*5NU536T$U.(<TE,K@4:M(#M2<S#YR@?D3$-BB*I3![/+R\N1
M':>`2RXA9WN/3O%R[U5V_*2:V;*FK'^*&Y%+PBI>J%Q0>@?4[S5DO>LGVI@/
M6%P/D+?PIU@]VR\J'.'JA<4'H'U.\U9+WK'M3`>L+@?(/A3K![MEY4.</5"X
MH/0/J=YJR7O6/:F`]87`^0?"G6#W;+RH<X>J%Q0>@?4[S5DO>L>U,!ZPN!\@
M^%.L'NV7E0YP]4+B@]`^IWFK)>]8]J8#UA<#Y!\*=8/=LO*ASAZH7%!Z!]3O
M-62]ZQ[4P'K"X'R#X4ZP>[9>5#G#U0N*#T#ZG>:LE[UCVI@/6%P/D'PIU@]V
MR\J'.'JA<4'H'U.\U9+WK'M3`>L+@?(/A3K![MEY4.</5"XH/0/J=YJR7O6/
M:F`]87`^0?"G6#W;+RH<X>J%Q0>@?4[S5DO>L>U,!ZPN!\@^%.L'NV7E0YQ3
M4N#OBE+,/G(Z":G`BK&Q2":G9:0V&5;NIE18@!S>\`D(Y(/@V>V_[<CVG@-9
MOSA4HMQ]GL%Q]5=O]%"/LV55*7\4-U1_F[!4O5"XH/0/J=YJR7O63[4P'K"X
M'R%OX4ZP>[9>5#G#U0N*#T#ZG>:LE[UCVI@/6%P/D'PIU@]VR\J'.'JA<4'H
M'U.\U9+WK'M3`>L+@?(/A3K![MEY4.</5"XH/0/J=YJR7O6/:F`]87`^0?"G
M6#W;+RH<X>J%Q0>@?4[S5DO>L>U,!ZPN!\@^%.L'NV7E0YP]4+B@]`^IWFK)
M>]8]J8#UA<#Y!\*=8/=LO*ASAZH7%!Z!]3O-62]ZQ[4P'K"X'R#X4ZP>[9>5
M#G#U0N*#T#ZG>:LE[UCVI@/6%P/D'PIU@]VR\J'.'JA<4'H'U.\U9+WK'M3`
M>L+@?(/A3K![MEY4.</5"XH/0/J=YJR7O6/:F`]87`^0?"G6#W;+RH<XG7]W
M9P^:W:=<1S.S7O2VZ5*OHTRTM%)>>A'4<Q*Z=ILDVS?GW!2%,NN8!W2AM$0`
M1\`#FKVOC,-B,-"%FZI24T\SS4EI79.MZF[$VILW:>(OX[".W:>'E%-N+RN<
M'3(WN)\!OTSG3TD8`P!@&&FVLC)UJ"%))5;&6,5M[_3UG=SK5\L`_N\515]0
MY&(:L>NNT2C-M!,G2(O.A\UUBR70$"E*FJH)H:??O!>&?7C5+B,D[9I]IE8[
M57%JG5F*4M&$9F:G=LFJY'2`"L[14WT#F`!]KLY<Z39FT,)A\+&W>NTGK/)2
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MJ1<5_H.N?N<;](8]K[/]8^C+FCX.ZQ^[OS+7//T]1[BQW=[N/N&S<YS_`/J=
M[=YSFMF[UGO;^]R[NS>W?;;-WEQ[7V?ZQ]&7-'P=UC]W?F6N>?_3[R)[3^DV
M="6;V"KPTLG.+1;J4%XR245=/(,/D5\+@`!PC(0X@!FKA,Q%FY@`R9BB`#@%
M?AX>(KT5&P,!%QT'!PS%K%P\-#L6T9%14:Q1(V91T;',DD&;%BS;IE3212(5
M-,A0*4```#`*C@#`&`8EU=U,D-+H%6Q-J:^M4=%Q<U8;`LA*L(=)E#P)&7.Q
MD6J]*J$Q>K&XD$V\%%"#9&1<E4(H\:@4IC@8R3XEEW3JG,&.G<@J^UA0=O\`
M0=-Q8H]NC>X:.6;&DIRSF39N7-#C&5?>)6`VZC*KG@%2&(F:3YR*3$T+FC.(
M.#D[!I=4TZ[,DL>H,_<JW-L"+QCM#3R1H[+4<DF6R/V3IPV5)+V/2V6CXD41
M'K+H3E=/81JN!0H2!P0,`8`P!@#`&`,`8!B75#4R0TX38OTZ:^L,*1+I4_)H
M2K",.U(M*14)%0%:8NRG6MU]L4E+E".B$Q;%=$;K%Z25T=FU>`8L;<3#Z1<:
M>1L?IJ\"6UO;==Z'IR5HCV4;:JLA`R5IE)>WO&\=(2-$>Q-;CT7:S0K*4VA+
M1R153.3OD8\30J-'XDXO4"_050BF%;A6TG"1+UZVMEX3B]0$+!*5-];G%4A*
M7&5Z=@K'(P3)KNO3)SZ(;K9^JV*Y28*G,%"3F"!@#`&`,`8`P!@%BZ@VR5I\
M*C)Q-?;SJAW:Y'SB5GVM5K-;B6$-+3TI8[99'321&&A&K.&,@54C5QO/G+<B
M@)('5<H`1\)Q:-%H&L7%/3&WH5&_V:/TXH"TF]A8VT3.J\@8K,M.FJPJY.G6
MH]">2>12LF=ZX(C(1+X544VA6CMZ)H?L^XKX>+N,=IG)5Z,9:F,Y-)C>:BZO
MM=8&@VKN5@XJ(D:M*2R<:UMZ-E3LC-_&@Y"&WF*@).Q9RJS.+=A0EO@@8`P!
M@#`&`,`8`P#$*>C4&G?V][+8;9S+.TO[VRI(.X4E.:7F3I3S3Y_:42)0*=G%
MRZK$D[(=D>4-$F=.U'@M!=[JY0J9>P"-[_B6I];GV%>N+5]#KSVJ[G2JOOT"
MI+1;B55GJW5X`'#EZLP5<R4Y8;2T;E8QR<@\;I'.\6338-W+I`30OO335^LZ
MI@N:`86./*6LT^Z,1L,4$6,Q4;V2:+6[#'$*Y<J%9/GU9DFX)N`;NMYGSP)"
MT<-'#@0>+6[4E[I=5(N<8)PW2):X5NK`ZL'6QHF.).NSH*/W2,&U>2CGF2I[
M"II$VB<P"(@4!P2E4Q98>*VIU*L3PR#N*GKK`TZPSBJ,(#V/JKBRL-/Y;4^!
MJ2B\QLL<>[GZ;'%=`N=DHU0%1)%55-TZ9-W`4,_U&]Q=O6E&*,?.0,S#$CG;
M^OV>-&(FTHB<*Z5KL\#$RJPC$SR+%?F3"8%47#9PT<IH/6KILB(+%O\`K":@
MZL:.4!Y")+U_5!CJ(>5MJD@+1.G/ZDG4.SYY!!1J9HI%V:2LG5H*G<(G)(N&
M:1"J<^.X),6:;<853M=3TTL=P@9.EJZM76VUJHH*[5&I&".LD]I9IN:14ETX
M*1<VFWIMHU:2B8MI)+UUR_$'PI,B$?*A0D;IU>HW4VE5V_0D;.1D%:XQK-P2
M=B8$BI1W"2"17,5**QG2'#E@C*,E"+I).`2<E3.'.))FVE`08WUWUWB]$D:>
MH\;QCTT[,J/+`F_FV\,>NZ85TS$VHFH:97*9QET:8E+L`.S1^$+G>I[@"`&V
M"4JGGFN)>@U]M.R4M$WIM"P\I<:ZTFR51TZ8VFU4&7E8FT52I(M%EY.:GF8P
MSAP@F5N1*0017!HHNJS?)-0H9]9+JNF;1TNR<QJ[EL@NM'/3LU'C!59(BBC)
MV>.=OX\[EJ<PIJ"@NNB)RCN*'+L,(@A>WXNW:[1%D-#(%M#B]E^&M]$)S3E=
MBSJ4=J@6K-]60>)PPN5(QS4Y*+%5(Z"39O99$L9THX%*X5$T+^C^+C1IT,QT
M^5DZ\$">7&6Z]8(MU(UM$T^XWTR\NV:/7KN`>N:KIY/.AC)!-I-,1B5TG[-H
MMS::@4))M%Q=-6SH4'#47+=%<6KLA4W385DRJ"@Y3(=0B;A'>W3E`Q@`P"`"
M/AP08R=:I1\=JN73"1:'15D(FDN("01$ZXOIBU,];YAU'NT03*1BVCH/15RJ
M1;?/SJK@$Q*78`F`M^D<0M%O\Q&Q<&SM*328/#,8FPRD)U?`R5@G=+8#6AC6
M6:ZCHS]66[MK$E(G4Z/T`!0<-P<BZ041`30SK@@Q4ZU2CX[5<NF$BT.BK(1-
M)<0$@B)UQ?3%J9ZWS#J/=H@F4C%M'0>BKE4BV^?G57`)B4NP!,`TIU2C]5V=
MEF(=H="#C9:KMX)VL)R.I:'M6E&F^I[&0>-#IE&.<E2O_1S([RFSHX&$VTPE
M*!4]5+ZWTTH<W;UBQZKIL>(AH)K+2*<-%R-MMLY&5&EQ,E,JIJI0\?,6V<9-
M5G9R'(U36%4Q1`@@(%C4OB%I=LJE=L*G26;N6K^CTI)QK8I9(D-*:R722TWA
MH%1\W,"+A[#WR%>L'^Z``W%N)QY.3!-"X=-]9*QJ@^D&$#&V=@+2I4>_L'<]
M##',;!1]2%K4C3+)"NDW+HADI;L8^,=DZZ+*L2%2%VU0Y]'?"A1-;=6I/2EM
M#NVL57QCW[*Q/'MENDO.UFC1#N$1C5HV%LERBZK98>DDM(O52(RLN9M'MA;&
M`>?5.FB<"DON*+2R/DY.(77G%7\;(=2E;1T628=25B:W6N:>3U;BF,.\?R#N
M9KEOMC)FN3FBINSF7%@=X#-[T<*&7:;<H^Z1[YTU8RL-(PTJO`V.N3R#9M.U
MJ=;-FCY6*E4F+N1CCJGCI%LZ07:N7+-XS<HN&ZRJ"J:AA!:UHN-R&W]A]/8"
MO2LK&5ME;;-)6V;DH.(C8^9E).+J\4SZKA)IX_D;(XKDKOK$)S<8DR!14BIE
MT4CB3&4IQ1P[+3V:O$;I]?+$O7:'.6>P1D,TCG$=7;;`Z=J:E.=-K%93/B1\
M1,K0:6Q.2.0T&*JB"73.D.V2#D*$GFRIUVZ"ZK99FHLBDJHT<F;F<-3J$*<[
M9<S1=TT,L@8=TPI*J)B8!W3&#8(B"*LGQ0,JXXU);VR&CZXG2-1JO`Q4D_FC
M)1-AT^D[[0=/[;=!>+L6Y6<A0)2X&5E&1`72;-EXU11P7IX$1$TS%X27$IIS
M7TY`UN2M%+<QU.E[ZK'6F`7C))2LQD1.6)FNDS*JX4ZXL%>JLN]9Q1]R6(E#
MOB.FS9=LJD4*&?BB)BE,)3$$Q0$2&W1,01#:)3"0QR"8O@'8(A^`1P01'B>(
MR>@*KIUJ/JY$5"OZ<:IU-M.0$O6I>P2<_#623J?;F"I4C7'$#\MKS5<92!$7
MK1RF<9%FBU(T4,]3.D)H9%@N(.EV9ZRC:]%VR=DB2<3%6]A!Q#:<<Z<.)Z6=
M04,YN@0TD_3")D95FH!'T6:39E8D-)'5+%$.^*%#.N"#_]3OXP!@#`&`,`B=
MQ&]![8:-<]WL=<=-MO9#L#ZOO4/:K;5N@=8^L'\C]O\`HG2.SW57RET3K;9^
M+WL$HQ"'=#UQ6.K^_+M%T*1]4_H/8#I?9CKB.[3^KSTOY-[)]6]`Z9VT_$]E
M.:YGY'YS`/94_5&[=Z,]6===[O>78>:Z9T_M;WH=F=:.V/>MT'Y!ZSZU[3<_
MT;X+UKN]%^`[,#+1Z#8'@@8`P!@#`&`,`8`P")^LW0N^C2/?[V.T?0I;L5V4
M]7SLGT[G?Y3='[Y?EOMEV<WN?ZC^4>H^D]']ITS!*S&$V?=/UII_V?[_`+MC
MT)GZJ/,]U_6'=YV<M73>YOM7_(OLGW?](ZS[>?+G0>K.=^&]48!?]"[M.N=(
M^S/?CW9_R/[(]I>KNZ_M[W<.>H^L^V'_`-T^UG4/[_Z)_)[M9SG3/Y1=-P,I
M-W!`P!@#`&`,`8`P",7%!U1U#I_U[WB]![Q8SH787N5ZL[2=4S/9KMMW[_R'
MZLZTW>J^>]MVBZOYCX;T/!*,&VKNAZ=&=L>_+JOM^;NXWNP'9GUK=INF]A.S
M7M^][M3UKS_3?Y`=>=:[/;=(P"GO.X[ITUUAWT=LNJ;9ZSO.=WO:OL#UU%=>
M]_O1?D_LAT#F^K.QOPOLYSO5?P#G,#*;'\$#`&`,`8`P!@#`&`,`M.^]F>PM
MT[:\]V-[)V/M;T;K?I'9GJ=YU]S'4'R]SW57.[O0OA>]LYG\9NX!"AYZKO28
M'IO>_P!J>T%?ZSYGO7[7]M._>%[(=XO5?M^>[Z.8Z'TSY$Z-N[_R3T?!.4DE
MI#W4_)/=OTW^P[1#J[I76W]E/\O^ZK>ZR_\`WOSQSV]\+_<\_P#^'@%\7CLI
M_(_M5S_\^:_V;YGI?\Z_A?4_.]$_\#_2;W._BO\`*]C`(JZK>J?WC:@]N^N>
MU'9BR=XW57;3J/?[GW?2.N>J/DOM-W0<YT79^+V=#W_E#JG`RT,Z:.]W?/VO
MLAVU[0;\)VA[Q^W7:[J+F7_8?F.\#Y6[(=7=)ZOYC\3TGIG2?E7K+`98G%#Z
MO'4"WK`]-ZF[#V#]Y]H^=[/=Y6B?3.B=G/A?7'>)V3Z%S?PKGO\`1>UY[`5=
MPL";]5[M,PW>W_6W;*+Y_LCWD]6=J_6OL/8[M+V?^3>K?6%Z\Z!TSY(YGGND
M_B.A8&4EAIAV4[M=/.P?/=A^PU3[&=)Z7TCLIU!']G>?Z?\`#N>ZHYG>Y_\`
M';VW?]MMP08TU(]7[ME+=[_9/K3NN<_VB=`[/=@>M9/M7V?Z]^3N?Z1T;KWH
MWX[F.K>?]KT?!.7<(QZ7DX<$Z44M@=:N/&`V_58\&KJ.PU,CH\DVKJ?/JR[6
M$;OY&5K*E\8Q9TD5ET52RCI@G(+`BW54L#=*"<IL@R2D@RCZI/>P^YKK#O,W
MV'2MG:WP>N:]Z/X/DS<]9W;O_P"-T/F]OP#=P3E,2OTN%92EP@U]]J.SJB4Q
MP?*K$G(O4N26?Z:!J);B:2L::K:IB*:1.GYF)Y52XNFI'K0M#3F$Y5N*BCI5
M*"<IM`R2D@XR]7'JQIU5WL];]<T[L7T'O6[?]5=D-1^PG8#>^6NP'8'M;T+F
M?@W,]8;?AVW!.4O#23U=NIM,N[GK;JSM?2^PG3>U'/=I/5'C>R_2^N/A>YZN
M?,<YTKVO2]O._#=[`RDL\$$'$_5QWE.K>]GK[KFG]C^J.]?M5U5U'J[V+[L>
M8_']@.RG;;H/1/@W0.D<W[7H&"<IFGAW[H>Q`]R_6'93HVGFWK+KWI/,=R.E
M78O?[0_*._W5]G^=W_;\_O\`/?".>P'V2XM5.[/G-.N\_H75_;\.S?7.YV:[
M5]A[OT/M)TKY)Z%U3TWHG3/Q76O1.;^$]'P%7<(PN?52ZXA>INV?0^]BI[W=
M[V[[#]K/6,6[$=I>R?R!V3]9+K/H72?@?3^M=OP+IF!E/?PD,ZNTMMX&"L-H
MGCJZ.</IH0LK3;Q4J\PTM"7UP[MD:\:Z7NZA+.#@:3Z2K'`R8E;%9[J9C&-N
M`S+.NG=9UE`]N^\CK/LAJ!O]V_>/S_=MOU7O$[1]@>3JCG>J]S;\K\YO=6>V
MZ5@*I&6W$X25'5J+4W5F9NPO%*/)*T5A=Y&#.\2XBM,E;RUHS>%D8IJG,OK<
M1DBX7B%3/FH*.UH5%PNG)-U8)RDV=)^Q?9^2['=><YVCD^UW:WK_`+:]L>;:
M=8]K>U/R[UAU?T3HF_\``^J.A]7_`";T/)*2S]7N[WM#6NNN\;MOU+.]7=T_
M;?M3V*Z="=I^MNQ/X[J#IG1-SGOA?2/F[X3O8)1A6;]4WL_(<WVL[O>[I7K#
MLAWH=W/4OJ_.NK.E=2?(/:WU?=G0N=^$]%Z!O?#NJL#*3=COF]A^_?WDU^<?
MG#_0$_?_`/\`S?RO_P"O;@@B;J?ZL/5#3O*^9^_Y';TWK_H?>ATEITGKGH_X
MGL9SW,=-Z9\B;_,\[^,YG!.4MI?U8.BP':WO%ZV[S-$^S?>/WN]NNN.N;+W,
M;G:7^4?8;HW7O/\`3?@?0^M>N?Q_6&!E)QX(-><;ZJ/9B)[8]ZO8_NQ5[M^\
M?O2[/]W?3:)U?W7=5_`.U_2NHNINC?RUW?WA[3I.0592Z*=ZLW/UOLWWB]8]
K95;M#T3O,YSI?>"\[$]['4WR3U-WA<_U7TGY,Z)TCF?D3I>`ZDY,DI/_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>g36434g36w14.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g36w14.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0MF4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````RP```/D````&`&<`,P`V
M`'<`,0`T`````0`````````````````````````!``````````````#Y````
MRP`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````",D````!````<````%L`
M``%0``!W<```"*T`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!;`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#O<W%99E9.ZZ^C<P;BV!N8\,J=Z+]WM])U;=GJ?T>RW)L_F\A#KKQ*
M#5-^2!0*]7SJUF_(9N;_`%<CT;=K/^!_T2W$DE/-G&Q*RQUV=E%S6-&W7;(9
M4VI^WW_2I_G_`-)^E]2_Z"M8G2*[F!YR;;6;[2YKF[9WM;3Z7I_0;55Z;/0_
M1[ZO^W5M))*<FWH)LLM<,[):VRQUHK#@6M+A8U[6[FG]&YEUGZ/_`-)IJOJ\
MRMKF.RKKJW!XBT[B-Y;M]-WYOI>FS9_U[_3+7224Y=_1#<UK/M5K&M=<X%IA
MP]=V_P!E@/\`VGW?J^[?LN]*[_`5*ST_`.$VQOK/N%CM\/,ANC6[*A^97[?Y
MM6TDE*22224I))))2DDDDE/_T/54DDDE*22224I))))2DDDDE*22224I))))
M2DDDDE/_T?2LW/9C5N-8;=<US0:0]K70XM#G>[]QCMZL5VU6@FI[7@:$M(.O
MR7#=?:T]:RR6@G<WM_P=:O=#ZE7TOIE][JC8'Y+:]K(!DUAV[W1^XG<.EL8R
M>H@BJO5ZY)8'3_K+CWY5>*RBX'(L/O>\.`)!?^\[V>WZ#5N/NJ98RIS@++9]
M-O<[1N?']5`@A>)`[,TE%[V5L=98X,8P%SG$P`!JYSBG:YKFAS3+7"0?(H)7
M22224I))))2DDDDE*22224__TMKKW_+67_6;_P">ZU%O_(5G_AUG_GHJ77O^
M6LO^LW_SW6HM_P"0K/\`PZS_`,]%2=!]&L?FE]5=$_Y8P_\`C#_U#TQZSU5S
MFN=DN+F$['%K"1/M.T^G[?:I=$_Y8P_^,/\`U#U1'\3^5'JBR!H:U+L9?5NI
MC!P'#)=NNKM-NC#NBS8W<"S]Q6?J[U;)?E7?;<G]6JH+_?M:UL.8W=[6L_-6
M7F?\G],_XJ[_`,^ING_S/4?_``F__JF(4*7"1XAJ=A_T7KOVWTX7.#LO'%(:
M"'^HV=TG<V)5\$$2.%YK9]!WP*ZCJOUA=CY#\#[.2*75.%K;=A,>GD1M]*SV
M_P"#?^^Q-,>R^.6[XM'HTESX^M3_`+`<O[()%XHV>IXL-V_=Z7EMV[4#I?UA
M+LWT!CN_7;]SG/NW["YH;MK;Z+/T;?3^AN0X2N]R/?=Z=)<M?]:G'):XXI'V
M=]C0!=#7?2JFQGH_YJWNG9WVWI]>86>GZ@)+-TQ!<WZ9#/W4B"$B<2:!;:2A
M38+:F6@%H>T.#7:$2)AR3+0ZQ]<$&N).D&1*"Y__T]KKW_+67_6;_P">ZU%O
M_(5G_AUG_GHJ77_^6LOGZ3>W_!UJ+3_D*SG^FL['_1%2=!]&L?FE]5^B?\L8
M?_&'_J'JB/XG\JN]$/\`EC#Y_G#V/[CU2!^/)['Q1ZHZ?4_L;N9_R?TS_BKO
M_/J;I_\`,]1_\)O_`.J8GS/^3^E\_P`U=V/^E3=/_F>H\_T-_8_O,2Z*Z_3_
M`+EI6?0=\"M'K_\`RSD_];_\]5K-L/L=SP>Q6EU\_P"6<GG_``?;_@JTNJNA
M\Q_W3`?\AO\`_#K?_/+E'I'_`"MA_P#&C\CDX_Y#?S_3F]C_`*%R;I!_RMA\
M_P`\.Q\')="KK'Z(+_Z1=_QMG_5N5O)OOJPNG"JVRL&EY(8]S03ZKOW"%3O/
MZQ=S_.V=C^^Y6,S^A]-T/\Q9V/\`I7)=E#K_`"ZMGI.3E.^W[[[7;<&]S=SW
M&"-FUS9=[7-5#[7F?]R;O^W'_P#DE:Z.?^4.?Z!?V_J*A/Q^XI=5$Z!__]3T
M@U9U]\O>:*:W`PV/=&[Z)'YCO:YWJ_\`%>G_`(52LMS7V^G2P5M!]SWR?:"W
MC39^D;NVJVDDI"VNZO'+6O\`5N`<6NL[DDN:T[-OM_-4,:O,W&S)L!F8J:!M
M`.V-?WF[7*RDDIKY561:`RJSTF'Z;AHX`'\S1WTOHILF_)K<UE-)LWZ>II`/
M\I64DE-!N1]DK<W(N^TY9@FI@UD\"NIHW>G_`"MJG4S.OL%MSOL]8+7-J9JX
MQNW-M<[\UR*S^EV?S?T6<?SGY_T_Y/[B.DIKY+LLN%6.T#<)-Q(@:QM&C_?_
M`&$`9@QVNH8ZS-R0XDL`@@$^[\W:RIOYG^8Q7T)G\];]#\WZ/TN/\)_WQ)2/
M%JS`3;EV!SB(;4P0QHF?[;T'?GY((>P8E,N;9N,O@#Z53FQ_K[U?5;J.W[*=
MVV-]<[YCZ;.-GO\`4_T?_")*1OS7O!JPFF^P``V'1HDM&XN_/]CO5_X1B-C4
MWUASK[C:]\2(`:V!'Z,)87\P/YKD_P`Q]#E'24__V0`X0DE-!"$``````%4`
M```!`0````\`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'`````3`$$`
M9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P`"``-@`N`#`````!`#A"24T$
M!@``````!P`(``$``0$`_^X`#D%D;V)E`&1``````?_;`(0``0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("
M`P,#`P,#`P,#`P$!`0$!`0$!`0$!`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``$0@`RP#Y`P$1``(1
M`0,1`?_=``0`(/_$`,0``0`"`@,!`0$````````````("0<*!`4&`P$"`0$`
M`@,!`0$`````````````!0<!!`8#`@@0``$$`P`!`00'!`,-!0D```4"`P0&
M``$'"!$2$W8)(105M;8W.!9WMSF55QA!42.TU'4V5L;6%X=(,2*4-1DR4I(S
M)65FEM<1``$"`P('"PD%"`,````````!`@,$!1$&(;%RLG,T-3%!D<'1$I+2
M5!4V4<(3,U.S518'87&!H5(B@J*#1'1%%S+3%/_:``P#`0`"$0,1`#\`W)?*
MB%:)5SY`LRCNC_CXT&ZFCI<?QS*]/$]&_P")CVJ%KBT@D[Q$@-Z[(H"1R+6Q
M-;%+W$07D"GB6DP6GG&QE/S(<@6?-0;49E$Z`[W*3UGI_P#88)4TP)78R(2M
M#:A?ZO\`VAXMWOE%T[S#FUFCTD-*?MC*98^%9W)+K8ILC[[4;6#.#\#O_!&@
M>5U)OO%"O;9'6%@KIXK="DW9FU]:[GU-C_BT)Z!Q5\(_T\)V`P3!\GO^ZZ;,
MI"PJPVU%)1OMA,S?I`&IP%LLP'@K]5O,</R">%39/**X%!_3?/2'4+&%+V"!
MU(UTN393*/"0[8U<_C5,0CC*M:E;<9EPXO/&$NC]E8K8Q&O=A@)IF>C7CF?E
M,2E7L3V8_0CWC-RD:%B\UYEV+IG.W.PP>B]8<NVH[=*K%@KE0-RPTX.ER<74
M-][!^K:=?]TSO;>3&\5QU^L?,:L=CY50NF5WK,1CI_D3!\B;&3A]Y[)7Z92Z
MC=?&KRO9NG![5TWC3=8MW.^=\UZB+H;H*O)=D1WB\YA*G'$I5M&,)]?LGY+3
MYG4KD1B;<ZQY==#ZS2^=:B\`K]$Z!VT6)-W:B]0[`B[";78ZZU9V[,:+0A5=
MW7S76X!(,>J&X"T?6"<@PQ*&,!Z6I"O(1[FG<A!JS>58?I\WIMPFN$OV1\]K
M4^%YC"\KY))G0S1/IE/Y]8`)+E>X$1J+R(F(N;5=?=6,]^J-)CN!@M,V\-Y?
MV2P]%\3;7?D>3@`4,$>4KEV@DO('R3U5"J:5UBDJ\:C-YJ1JW`7$-6:D.39$
M0-;A\DY)'+5#L+A.6Q(?6"V82-GF&$^88Y9_F,5WB\KR,<K';&I?_`RS4PS;
M(KG$'/'/PRXIT^!OC#T`Q&GAU>4?9S1FFN:#-Z2LV,EJ]4RENK4"68#U79I/
MS`2UE\DK'7ZCVN)0>_\`[64+DHBMWFZP#'+%<8N-&"<ULHZN5.",LG&QG9:N
M&O1HN:BS-SR/VP$CN;0J/&99#!@/#6[GWS&:GV"VURFRNUR^7A!/<SEN!U[K
MG9KO'LO+YP_Y=Y#5*\?.S=A+DS[/D#8&PW1F:U,,N(2&?DG8@9X4Z_\`:;+"
M9P&>.55:^W'HODB&O)3RSA#K,?Z5*X[%G&/F*T:9"I\8%6SW/-C+XS<PG$ZP
MC:ACK?U3>H=@=E+<B25+=??9=&/(>-,4GR?I%*\2Y->F>5MCN0[A?#C-DI!J
M[>2-@W<>W$SH$OU6':.LP^BV,-0K`-9'>Z)0.JU\Q2'A\OW`I8Y]LFB2&#"9
M;\S?[1IKLEE#>.9_R$JO1Q/'K`4YW8M5[K\WQ_*WV7S#K@FC<P'P*S5IO")1
M,QT(J)*V6T7^6C0)B+`C"]N.K?4.!+-\P61$>9:K#8W>7[\G6><OVR+OPI8Z
M(?[BLV)L*)WB\JX+\L_VE*OWF9SIVP0NCOP47Q<P=^SR9#,!.GI`)A\,'XDR
MOES)\B(=#MPKR":OLXXPUSB?-LO0F.G"R4OIA"B0&>SUH0'ZG<[S*?KU7N0_
M2HY>M2!]&+.3G-@AL.,PK;Q`ZRW`6-9D^1@#`&`,`8`P!@#`&`,`8`P!@#`/
M_]#=O\@KQU?GD6H6>@"ZP7K44W&CWF`:=]P4G-D#M:'CA@F2Z2@,0M$Q,LLT
MP^A$IUL_L3IYI(Q1*0P,H`O=HQ_F%&M]1CQ[L8N!X;18[T]DMS>LZMVV9B2,
MP_(-#3I>G@94H6ZW"TJ*0D294J'$92\]);WL+#%H#R&Z38J1W[I(FL5A<:C6
MVG4SGU;*V62V*)._LU0R=M+D3HBJSGI(HD6N[ZPY6&[.AE@[$&0U%B;<=7("
MS<0&_+0V++<^UN@A(5>N,BRV6=-(75QXM7^8U*B]/LIN3;1<.N^Q1>E()T1#
M,8)+=DQ9/U<G'7.CR1\E+(6'MN8=[*]*Z4S47`C5=T!'=6&7`9[)]Y*K34&O
M'0V&?&R;94Z':&8+8+L;K;R)@>$IR0G:F].,)9?="PQ]$\TV/LH$3+<^6*>G
MEAB38A)BTS2@&M'7:%$!&5:1S9D>N43(7MN.RN7('U^<Y$<V/,3FW&%NA8=%
M6/-64Z&K,&=1B%CLCU3Y]%*SX;-H#PR'1;;QFF=><:B.*HLNL2:YH1:T)6P&
M*&;4J3KW$(!,5Z;P+"9O.[AN^5`79UP$"Y$MXO`GC6Y,J4B`4`FB-?+1-.$!
M8(LCW!(6ZGW4Z`/(,;U[N7$BR4.QVQ@]M@#`&`,`8`P!@#`&`,`8`P!@#`&`
M,`8`P!@#`&`,`8`P#__1W\GHT>0IA3[#+ZHKVI,93S2'%1Y&FW&=/L;6E6V7
MM-/+3[:?17LKWKU]-[P#IMU.K;KS]2W6@&ZI*C2H4FL[##MUZ1#G+==FQ'PN
MXWV:[&F./K4ZVIK:'%+5M6M[WO`/O*KP"<-)AIH,/,$&XZXAD5*&0I`TO%=@
M,BW(Q."ZPN+/CN#([<92'4K3MAM+>]>PG6M`<1=/J3CLUYRK5Q;Q,S"L9)U8
M08ITA81C49@<>FN;B[5+,CV(3*&)3FU/M(91I*M:2GT``Z?4JPEI%:JU<KR&
M(R83"`808)2S#2S"CIB-)@18^FXR8XR,C3>O1&D1VT^GHVG6@.N5S?G:V?JZ
MZ%2UQ]2SD_3"JL#4SJ=9T*;LLWW6X.T?6["A>TSG/3VY>M[T[M?K@'8+IM0<
M=>?<JE;<>D5Y51D/+!"U.OU1?II=8><5%VMVO*UK7K"5O<;?I_[&`=N.&C@\
M"$*$0(0L6.C,PAXT=%8@P($.,VEJ/$A0XS;4>+&CM)TE#:$I0A.M:UK6L`YN
M`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`/_]+?XP!@#`&`,`8`
MP!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@'_]/?XP!@#`&`
M,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@'_]3?XP!@
M#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@'_]7?
MXP!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@'
M_];?XP!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`
MP!@'_]??XP!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`
M,`8`P!@'_]#?XP!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@
M#`&`,`8`P!@'_]'?IF%18Y2$$"4""MQ.U-HF3(\93B=;]-J0E]Q&U)UOZ/76
M91JKN(JGPZ(QF![T1?M6PKQ^850[UVKG=-KG)UASTN"<MLR8B.3H4N6(,DN:
MV^L4BSM0KOT+G8@?^REH/,DVCD*=*/@)L2/*&P)+^MK8SS'_`*5X#"1X/M6\
M*$^XUG![CL;F'JZB7MEK<I$8S$=CHD;0GWZ6'75LNN,I=]=(4I"%;3Z;WK6_
MHQS'_I7@,>F@^U;PH=^VXAU"'6EH<;<0EQMQM6EH<0O6E(6A:=[2I"D[]=;U
M]&]9\GJBHJ(J+@/[P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`
MP!@#`&`?_]+8+^;]^9''_@@Y]_(SJ*#ZF8RDQ%5?4+7*=HG9Q4!D\5Z,`W&N
M&_DIQ_\`=;S_`/"8C.`F=9F,MV-3]$TO9E.T$/,0ZOOMSMO/.8G;G39=4CE@
M2HSVHML$E3;1Y4MS8X75:^-$'ZU)F7&UV*9"'"F52DHD3)*&?3:G$[UX&\AD
M:IKM#E6K2[NR#CW1=?#+M\>L/3I%:8M"AT;9]FO2";3))\&T6V\F(N0A#ZH^
MD;<3I>]ZP#T&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`_
M_]/8+^;]^9''_@@Y]_(SJ*#ZF8RDQ%5?4+7*=HG9Q4!D\5Z,`V&O(+RLZ'XN
M>/OBK/Y^&IAAZX\^"PR:;B..$&F&@U)I[T54#06Q5]32W%$5^\VYMW6]:3Z:
M3Z;]>4E9&%.S4\D5SDYKULLLWU7RHI;E6KTY0Z307RD.&Y8D%J+ST<NXQEEG
M-<WR_:0;+?-5[L?BM03O-/'\U"8)A33$,M3;B1BLF:V9@6*NEFH\SHCS+9,!
M8!46="?UK3L69&:>:4EQM"M2/<4I[2)PMZISGS_6>S2W1?\`]AV?_JW^1_\`
MJ5Q+_P#6[W__`$G'<4I[2)PMZICY_K/9I;HO_P"PNK\9.H'^T<*Y[TZTPP\`
M_;!Q&81B`(\V*(9=AGBHMI,*.1(%9K:%1X*-JTY(<WM>][UO6O36N=G8+)>9
MBP6*JM:J;N[N(OV%E42>BU*ERD]':U(L1%54;:B8'*F"U57>\JF:R)$>''SR
MY>?"%"A4*41)DR,IB"/'#X+"Y,V?/FR5M1H<*'&:4XZZXI*&T)VI6]:UO>:I
M*G&`GP5I##+'6#0FQUXU"8(ACP$C#+ABP^4C3D:>,*#WI$&?"D-[TIMUI:T+
M3OUUO>L`[;`./+EQ8$63.G28\*%"CO2YDR6\W&BQ(L9M3TB3)D/*0RQ'891M
M:UKWI*4ZWO>]:U@'65RRURX@A=HJ)\):JR<B-SPMBKA6"<!%X+OK[J:++C'Y
M0\A$=]-^RXTXM"O3Z-X!W>`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`__
MU-@OYOWYD<?^"#GW\C.HH/J9C*3$55]0M<IVB=G%0&3Q7HP"X#YBGZ</"GX)
M;_`E`R!I.MU'*\YQ85[]C7:T7F0RG_)XKT8!LU^*75>?\=\(>(VWI5DC56NN
M120A!.7%(2VE$IEKM;\:+[H9#G2=+=:AN;UOV/9U[/T[U]'KQT]`BS%2F8<%
MG.?@6S\$\I=5!GY2G79IDQ.QDAP;%2U45<*O?8F!%7>/+>1'E1XJ]DY#9^>B
M>^`!D\K,J)1G;T*\BHA5-1NE=N,BKD2\&G%9H83<8P!8F7-9B3'H<6:X\B.^
MI&F5^/=<_P!G7A3E-Q+UW?3_`"3>B_JGT\?_`"]\;.:\K"5"Y=VJ4P_$-WPJ
M]]EM=#LD:`/M/0+1:@(-VVG:.#L%W(UT";C0)A\E$9)GI<9TA,UN5)=5MW7/
M]G7A3E"WKN]\2;T7]4ET*\C.+&^:&^Q"KY`F<UKLQ8\U:D#S:(D"8VZ/86PY
M$=&-DW%)=*Q]>J&%)_PNOI^C?IXNE)EL9LNZ$OIEW$P<MF\;T.L4V+)1:C#F
MD628MBNL=8BX-ZRW?3>WR)/D%Y5^*/9>+]%Y>.[^"#2[G7GA+<IT/<V8DA&W
MX\E\.2?:J<]V.'L#$=4":XB/(6W$DN*2T[O6D*]NZY_LZ\*<IHI>N[Z+M)O1
M?U3B>/7EUXX<UYE$JUT[G4736K3T`^F(*=Z5<XX<;;KW8K4+"OWNS4.O6B_$
MQL(RA$PX4ALDRDKWC\I3SZW'W7=<_P!G7A3E"WKN]\2;T7]4FSRSMO+>V#RI
M3EMNAVZ`$F,P"LF'#*PTPYDAG<AEA:2L"`XM3C.O:]4:4G^_OUS7CRT>65K8
M\/FJNYN<1)2-3D:FR)$D9A(C&K8JHBI8OXHAE3/`WQ@#`&`,`8`P!@#`&`,`
M8`P!@#`&`,`8`P#_U=@OYOWYD<?^"#GW\C.HH/J9C*3$55]0M<IVB=G%0&3Q
M7HP"X#YBGZ</"GX);_`E`R!I.MU'*\YQ85[]C7:T7F0RG_)XKT8!<!V'^5-P
M;XV'_?'2\@9?;DUD\32PJCX#I6E3'$*?\GBO1@%P''OY4W>?C8A]\<TR!F-N
M2N3Q.+"IW@.JZ5<<,I_R>*]&`7V?*!_+CL/QL"^XG,YBO^NE\E<9:OT]U*H:
M5N:7`9`%A$7O'>]6NUF.G#;3;F;JX*+1BT&>()@Y]>K<6QV*\ZC<\^HPN5<S
MLE5ME*&AHS),0<<,E8C#L-;\M;SSJEC*DH<&!@#`&`,`8`P!@#`&`,`8`P!@
M#`&`,`__UM@OYOWYD<?^"#GW\C.HH/J9C*3$55]0M<IVB=G%0&3Q7HP"X#YB
MGZ</"GX);_`E`R!I.MU'*\YQ85[]C7:T7F0RG_)XKT8!<!V'^5-P;XV'_?'2
M\@9?;DUD\32PJCX#I6E3'$*?\GBO1@%P''OY4W>?C8A]\<TR!F-N2N3Q.+"I
MW@.JZ5<<,I_R>*]&`7*?+]-EJUXB>9-C`SGQ9ROURTFPQ.+O29(XL*YB<GCI
MT=2DJ2E^),80XC>];UI2=?1G/U5K7S]/8Y+6JJ(OW*Y"QKI18D"[UXXT)RMB
ML8YR*FZBI"547\%('_VV/*W^O*[_`/BX?^19)]W2/9FG*_,U>^*1?RY!_;8\
MK?Z\KO\`^+A_Y%CNZ1[,T?,U>^*1?RY"S?Y9/>NP]>O73AO2^@'[E!#U(1.&
M1C#S#K4.6^84P\^SIIAG>EN,Z]G?KO?T9#5F5EX$*"Z#"1JJY=S[CMKDU6HU
M":GF3LV^(UL-%1%WEM+D<Y\L4QA7.P46V=2Z7QX`2>GW7D0/GAV^1VX;^APA
MOI_[8.58;HFI.HTDRJ%2Y$F3&;WM<:/)BK7_`//3K0&3\`8!C`GV"BB>MU7B
M$DF\YT6WU"Q7H<(BPWY+,.LUN:/'/D#<YI.XP?[5FSEMCD/[2N?N%,]SI6HC
M^T!]ID_`&`8PM78*+3>A\OY8;)O(NW7R%C@4P5%AOR].[JM3.W,M+*R6D[8$
M0M"*[)TPMY2=R7T[0TE7L.[;`R?@#`&`,`8`P!@#`/_7V"_F_?F1Q_X(.??R
M,ZB@^IF,I,157U"URG:)V<5`9/%>C`+@/F*?IP\*?@EO\"4#(&DZW4<KSG%A
M7OV-=K1>9#*?\GBO1@%P'8?Y4W!OC8?]\=+R!E]N363Q-+"J/@.E:5,<0I_R
M>*]&`7`<>_E3=Y^-B'WQS3(&8VY*Y/$XL*G>`ZKI5QPRG_)XKT8!;_X,_HI\
MX?@B\_PFL60-2VC3<I,Y"PKK^&KSZ)_NG%0&3Q7HP"W_`.4#^9'8/@@']_+R
M!KWJ9?*7$6%]/=<J.B;G$B?_`%=N*?U:=2_^"I_[QYI]PS/MF?GR$Q_L&F=B
MC_P=8C[SGS=\1N5=;Z7V6F<X\C(ECZN+A#K2#*=$E6*C,R&+WT3I!`Q7Z>?O
MQ(17B)NU].)/O(BH;A1=+5J#'B;DS]S'<,S[9GY\@_V#3>Q1_P"#K$\?'SY@
M/-?(KHT;FM8I=X!E90DJ71//)`:'I8$M(=>:5L>8FR?>N)7Z)]$>GK_V[UFM
M-4J-*05C/B-5MJ)@MW_P).D7LDJQ.-DH$M%;$5JK:[FV8/N55,>7[YH_(>?7
MJZ4(GSWI$TC2+;8Z@0F045C<*7-K1B8&ER8>Y!YE_P"JOOPE+;]M"%^QO7KK
M6_76>T*BS$6%#BMBL1'-1=_?2WR&G-WYI\I-3,H^4C*^%$<Q53FV*K55%5/V
MMS`10F>;GB-+[\#\E&^<>1@_I(6"<@O,#^B2F**?2<K0JHJDV#G:K\[39DL<
M##LHCK;AL^KR4OO:>?9CN,_?<,S[9GY\AX?[!IMEG_BC_P`'6)H\:^9)ROM7
M3*IR\#1.@"B]MERX<(@717-#8RX8R<46J5N$;E2?84S`4G7L-JW[6]?W/7>>
M,Q2(\M!?&?%8K6^2WRV>0W:=?*0J4[`D84K&;$B*J(J\VQ+$5<-CE7>.7W+Y
MC/+^#]2M'*;%1[Z8,U7[$^N$0J:]L9(^W*Z(LD?ZMN<:B2O\#%,(;7[3:?\`
M")5Z>NO3>\2U)CS4!D=D1B-=;NVVX%5/)]A]52^$C2IZ/(1I6*Z)#YMJMYMG
M[34=@M<B[BD)+EYN^(UW[+SWO1+G'D8.Z)SDP/*CWZ_T24&K)]L/4.GTT,*M
M=(BW[]D#$$5"ZZ9?:<U"9G;=?4TN0N&]+BR??N&9]LS\^0T/]@TWL4?^#K$H
MZC\U/CUQME8J,'G?2HLVTV$+7(<F6BK_`%6/*-DHPR._)]R?<=^KLNRM*7[*
M5*]G6_36]_1GS$HDQ#AOB+%98U%7?WL/D/67OU3IB8@2[).,CHCVM15YMEKE
M1,/[7VEH>0IW!QW9<6.]%COR8[+\YUQB$PZ\VV],>:8=E.LQ6UJTN0ZW%86X
MI*-;WIM"E;^C6]X!R,`8!QW)<5J1'B.R8[<J6EY42,X\VB1)3&2A4A4=E2M.
M/)CI<3M>TZW[&E:]?3UU@'(P!@'_T-@OYOWYD<?^"#GW\C.HH/J9C*3$55]0
MM<IVB=G%0&3Q7HP"X#YBGZ</"GX);_`E`R!I.MU'*\YQ85[]C7:T7F0RG_)X
MKT8!<!V'^5-P;XV'_?'2\@9?;DUD\32PJCX#I6E3'$*?\GBO1@%P''OY4W>?
MC8A]\<TR!F-N2N3Q.+"IW@.JZ5<<,I_R>*]&`6_^#/Z*?.'X(O/\)K%D#4MH
MTW*3.0L*Z_AJ\^B?[IQ4!D\5Z,`M_P#E`_F1V#X(!_?R\@:]ZF7REQ%A?3W7
M*CHFYQ4!D\5Z,`L2^5Y^JT1\$W/_`!*/D36M1=E(=?<?;T/1/Q(1;\F/U'^0
M/[[>K?CL]F[)ZI*Z-N:A!UK;-6_N8N>XPCFR1A+_`,!_U=\5_P`^'/P?8LCZ
MIJ$Q]R8T.ANIX@IN4[,<=Y\QG]978_\`E[_"NCY\TG9\O^]G*>M\/$=1_E^Z
M80DR2.9,I<-_.OC_`.]+G_XL$9X3.K3&0[$IO4O:=.T\//0W")9D/`=]Q.*C
M83VT:<TS+G18SNT*WO25^[>=0OV%;3OTWZ>F_3.!1KEPHU3]#.B0VK8Z(U%^
MU4(O=UK\>]V+GCX2%6ITX#::6?@W95BI*$UMNI]`K5U+A+%'/L33K59L2*Y$
M?0JMZ04E$AT>/)=CPEN/:SS'_I7@,>G@^V;PIRDE_P!IJW_K`#_I:!_E&.8_
M]*\!CTT'VK>%#F2RPN![KZ\2'PO?IVIGZW,CQO?)3[/M*:]\XCWB=>UKUWKU
M_P"W681JKN(I].B,;9SGHEOE4BYU:OQ[7T_GQT)"K2G`AF@EY-Z58J2VPR,J
M=J*$CM:L*)[#]Z@H4$+/O!%5QYE$XH\M@RO0Q*V96>8_]*\!CT\'VS>%"2_[
M35O_`%@!_P!+0/\`*,<Q_P"E>`QZ:#[5O"@_::M_ZP`_Z6@?Y1CF/_2O`/30
M?:MX4/_1V"_F_?F1Q_X(.??R,ZB@^IF,I,157U"URG:)V<5`9/%>C`+@/F*?
MIP\*?@EO\"4#(&DZW4<KSG%A7OV-=K1>9#*?\GBO1@%P'8?Y4W!OC8?]\=+R
M!E]N363Q-+"J/@.E:5,<0I_R>*]&`7`<>_E3=Y^-B'WQS3(&8VY*Y/$XL*G>
M`ZKI5QPRG_)XKT8!;_X,_HI\X?@B\_PFL60-2VC3<I,Y"PKK^&KSZ)_NG%0&
M3Q7HP"W_`.4#^9'8/@@']_+R!KWJ9?*7$6%]/=<J.B;G%0&3Q7HP"Q+Y7GZK
M1'P3<_\`$H^1-:U%V4AU]Q]O0]$_$A%OR8_4?Y`_OMZM^.SV;LGJDKHVYJ$'
M6MLU;^YBY[C".;)&$O\`P'_5WQ7_`#X<_!]BR/JFH3'W)C0Z&ZGB"FY3LQQW
MGS&?UE=C_P"7O\*Z/GS2=GR_[V<IZWP\1U'^7[IA"3)(YDREPW\Z^/\`[TN?
M_BP1GA,ZM,9#L2F]2]IT[3P\]";?S6?U/0/W6U3[WM&1U#U)<M<2'37\VVS0
M-QN*TLF#BQ@%O_S7_P#II^"+/_L?D!0_ZS*3C+"O[_A=$[S"H#)\KT8`P#__
MTM@OYOWYD<?^"#GW\C.HH/J9C*3$55]0M<IVB=G%0&3Q7HP"X#YBGZ</"GX)
M;_`E`R!I.MU'*\YQ85[]C7:T7F0RG_)XKT8!<!V'^5-P;XV'_?'2\@9?;DUD
M\32PJCX#I6E3'$*?\GBO1@%P''OY4W>?C8A]\<TR!F-N2N3Q.+"IW@.JZ5<<
M,I_R>*]&`6_^#/Z*?.'X(O/\)K%D#4MHTW*3.0L*Z_AJ\^B?[IQ4!D\5Z,`M
M_P#E`_F1V#X(!_?R\@:]ZF7REQ%A?3W7*CHFYQ4!D\5Z,`L2^5Y^JT1\$W/_
M`!*/D36M1=E(=?<?;T/1/Q(1;\F/U'^0/[[>K?CL]F[)ZI*Z-N:A!UK;-6_N
M8N>XPCFR1A+_`,!_U=\5_P`^'/P?8LCZIJ$Q]R8T.ANIX@IN4[,<=Y\QG]97
M8_\`E[_"NCY\TG9\O^]G*>M\/$=1_E^Z80DR2.9,I<-_.OC_`.]+G_XL$9X3
M.K3&0[$IO4O:=.T\//0FW\UG]3T#]UM4^][1D=0]27+7$ATU_-MLT#<;BM+)
M@XL8!;_\U_\`Z:?@BS_['Y`4/^LRDXRPK^_X71.\PJ`R?*]&`,`__]/8+^;]
M^9''_@@Y]_(SJ*#ZF8RDQ%5?4+7*=HG9Q4!D\5Z,`N`^8I^G#PI^"6_P)0,@
M:3K=1RO.<6%>_8UVM%YD,I_R>*]&`7`=A_E3<&^-A_WQTO(&7VY-9/$TL*H^
M`Z5I4QQ"G_)XKT8!<!Q[^5-WGXV(??'-,@9C;DKD\3BPJ=X#JNE7'#*?\GBO
M1@%O_@S^BGSA^"+S_":Q9`U+:--RDSD+"NOX:O/HG^Z<5`9/%>C`+?\`Y0/Y
MD=@^"`?W\O(&O>IE\I<187T]URHZ)N<5`9/%>C`+$OE>?JM$?!-S_P`2CY$U
MK4792'7W'V]#T3\2$6_)C]1_D#^^WJWX[/9NR>J2NC;FH0=:VS5O[F+GN,(Y
MLD82_P#`?]7?%?\`/AS\'V+(^J:A,?<F-#H;J>(*;E.S''>?,9_65V/_`)>_
MPKH^?-)V?+_O9RGK?#Q'4?Y?NF$),DCF3*7#?SKX_P#O2Y_^+!&>$SJTQD.Q
M*;U+VG3M/#ST)M_-9_4]`_=;5/O>T9'4/4ERUQ(=-?S;;-`W&XK2R8.+&`6_
M_-?_`.FGX(L_^Q^0%#_K,I.,L*_O^%T3O,*@,GRO1@#`/__4V"_F_?F1Q_X(
M.??R,ZB@^IF,I,157U"URG:)V<5`9/%>C`+@/F*?IP\*?@EO\"4#(&DZW4<K
MSG%A7OV-=K1>9#*?\GBO1@%P'8?Y4W!OC8?]\=+R!E]N363Q-+"J/@.E:5,<
M0I_R>*]&`7`<>_E3=Y^-B'WQS3(&8VY*Y/$XL*G>`ZKI5QPRG_)XKT8!;_X,
M_HI\X?@B\_PFL60-2VC3<I,Y"PKK^&KSZ)_NG%0&3Q7HP"W_`.4#^9'8/@@'
M]_+R!KWJ9?*7$6%]/=<J.B;G%0&3Q7HP"Q+Y7GZK1'P3<_\`$H^1-:U%V4AU
M]Q]O0]$_$A%OR8_4?Y`_OMZM^.SV;LGJDKHVYJ$'6MLU;^YBY[C".;)&$O\`
MP'_5WQ7_`#X<_!]BR/JFH3'W)C0Z&ZGB"FY3LQQWGS&?UE=C_P"7O\*Z/GS2
M=GR_[V<IZWP\1U'^7[IA"3)(YDREPW\Z^/\`[TN?_BP1GA,ZM,9#L2F]2]IT
M[3P\]";?S6?U/0/W6U3[WM&1U#U)<M<2'37\VVS0-QN*TLF#BQ@%O_S7_P#I
MI^"+/_L?D!0_ZS*3C+"O[_A=$[S"H#)\KT8`P#__U=W7N?$O'[HD9JZ=PJ(L
M['IXN0Q'*$9U@CJ@0)$A+JHD:*#(179TF9-4E#+*&GI#[RTMM)4M24[V8$W,
M2R.;`BJU%W=SC0C)ZCTVIOAOGI5(CVI8EJN2Q%^Y4(1W_E7@U0#'-OM#QW4N
MI7Z)>E2"DY[J=<NH@C3[)1ZTS$&\JLB!EPMS4]^V/R'D0$*)-PX/UB+"G1W'
M'H_MWI/]H7@3D-+Y3N_\-;TG]8D@*\'?"\\,'FP?)ZH9#%H<8B*+BK19R(PF
M/F,HD0YX^?#L[T6;#E,.)6VZVM2%H5K:=[UOUQWI/]H7@3D,?*EW_AK>D_K&
M6^A^/W"^B`J/4^B4T09"4]O02BBR!8O!3`U]F1X^AX]<0M"DSGOLH(C_`+JU
M.N>[8VK^XK>>,*;F(+XCX454<[=W,/Y&]-4>FST*7@34JCX4)+&):Y.:EB)O
M*F\B;I"[H_(OE[<WC12$CCL*X"M%3(FP%J%8YMBATV36M"9=E;LJ?^(<.9HC
M7P!-TQ*&06IQG0880FHAK9A/J3[=Z3_:%X$Y#1^4[O\`PUO2?UC/D+P4\-R4
M.(1'<@K4\?/C,38$^%8[7*AS8<II#\67$E,65QB3&DL.)6VXA2D+0K6];WK>
M.])_M"\"<@^5+O\`PUO2?UC+I7QSXL;YH$XZ5H<"9S6NS$$`M560-HB0)C;I
M!]#[<MHFV3<4ETK(WZ+?4G_"[^CZ->GBV;F6QG3#8J^F7=7!R6;QO1*/38LE
M"IT2519)BVHVUUB+AW[;=]=_?(36WC_R_:?,L@XEQN$B76VAI'WSI:VM`CU?
MGL1I.S-?L[-FE5]YU_4<S%@0)<B&0*$:V38C,K1&V]OV[TG^T+P)R&C\IW?^
M&MZ3^L2&_L#^(G]2H/\`IRX?[Q8[TG^T+P)R#Y4N_P##6])_6,H#O'CB5>Y>
M>Y'`HXP=S`[)>*'ZULD9^H2I&W!\E^4_.D%%D6$Z6)84KV7T)U[K^]M7KXNF
MYET9LPZ*OIDW%P<EF^;T.CTV%)1:=#E422>MJMM=8JX-^VW>3?WB"G9./>#O
M+B#M23PI+EQES:Z&&..P>G%PK!:W3A[5>4Z/!GUV:Q1IP9L\39^RH[[+S%0,
ML+D1Y,="'?;O2?[0O`G(:/RG=_X:WI/ZQGJK^&G@U=P[-@IG.:-;`4AU]A@S
M6[E838QU^*ZIF5'3.'6J3&W(BOIVAUOVO;;7K:5:UO6]8[TG^T+P)R#Y4N_\
M-;TG]8SI3?'/BW/JA<:%3J&/!U'H$.8/N`5B>;?8-PR`Q\-,8??FDY,QA+XR
M4XUO;+C>]:5ZZWI7IO/&)-S,6)#BQ(JK$9N+@P8;?)Y3>EJ/3927F926E4;+
MQD5'MM=^TBI8NZJKN+9@L(N],\8/![E,!DA9N&,NMS_<Q0K`LM8'Y!P[+*#!
M,&NP$R[I!:C37G2B9+\N8N*(&#(\H@0F1(,.5)9]N])_M"\"<AH_*EW_`(:W
MI/ZQZ&F>''AM=1<N?&X,P%G"S!*OGJZ>+V-@]7S0I[2'X!5@=<2<'2I,1QF9
M%=8D/1YD"5'DL..,/-K4[TG^T+P)R#Y4N_\`#6])_6)`\L\<^+<3(%2G+:&/
MJ,\W#9'E9,.>;F*F0X[VY#+"TE2<]M"4/;]KU1I._P"_OTSQCS<S,HUL>*KD
M3<W.)#>D:/3:8^(^1E4AO<EBV*Y;4_%5(O6WQA\%J>0*!Y_&(4\T)`Z/2`@@
MI:91J2F;`LI"N"A8EVV1IY@Q<6Z49:%-Q6W6Y$D6^RIQMW3:'/;O2?[0O`G(
M:/RI=_X:WI/ZQP>1>-_@GV<49GUCBL"#-KI;8DZ`+V$HZ6'ZDQVB=?,(?KE\
ML($M6;C7Y4<F')P)LJ"0@2$K;<]M+K;;O2?[0O`G(/E.[_PUO2?UB2_./%3Q
M^Y'9FKCSKFPRL65F'+@-%8I.PRG40YR$MRV--$C$V-M+R$ZUO>T>UK^YO6><
M:>FH[/1QHRN9Y+$XD-J3H-)I\=)B3DFLC(BI:BN7`N[NJJ&*^J^,/AP+(S;S
MT7EX5\Q>+26F3B+QNQ1G2Q^?%.7.R$'=KLH\9&U&$"21)Y.E-^TU&6VPAQY3
M+#GTRI3L-C6,CJC42Q,";B?@>,:[-#F(L6/%I[717N5SEM=A55M5?^6^JF(*
MAP_P)N'2B_+&>&;"6."@RX%D'3!5@5<TUV=J,=;J[PZ_DYJIHT;+'%OJL^/`
MER@)B`3C-/09&G]?7>D_VA>!.0\_E.[_`,-;TG]8E#2?#WQMYS:1%UI7+!(&
MT`7GI`@O'+660]">D17X3RT,S3<J*O:XLIQ'_?;5KT5_?]-Y\1*A.1F.AQ(Z
MJQ=U+$Y#WEKNT:3CPYF6D6LCL7`MKL&"S?<J;BG0];\=_$.S'SO2^QUJC:-D
M9PH6?M%FN)"OLK)Q08^*)'2W-V08-C3M`(L?;;.DH<6SI+GIOVO:VA3\W!AM
MA0HRI#3<2Q-_#Y#,W=ZCSTQ$FIJ1:^8?9:MKDML1$3<5$W$1#"G._'#PAZ03
M?&C/'N>$]Y!+E0$NT2K"*;M8RNVHA3K))#P&[O,.#Y=8.1([9,>6B#"@U1&(
MB3&:=<4VW]]Z3_:%X$Y#7^4[O_#6])_6,XAO![Q5KY<4>#\?#02X0E!+BIK9
MFUK7#(C934V#*0AX^XRM<>2RE>M+2I.]Z^G6]?1F'5*>>US73"JU4L7`G(?<
M.[%"@Q(<6'3FI$:Y%1><_`J+:B_\O*>BZ_XX>./1R,OHO8Z57R<L."3'(6@\
M=,!88ROB/K<W:YTF.:&#8D&#J0\XMYS2=)3O>U*]-?1YP9V:EV>C@QE:RVW<
M3C0V)VATJHQDF)V32)&YJ):JN3`EMB8%3RJ0TK'$/"ZS=)BUZ)Q:KKI1Q$P/
M7SNYW31TW=L&G+8'0S.^VRPW2A]CG4@\/82F,WJ"0`:TM^0DT*UOU[TG^T+P
M)R&K\IW?^&MZ3^L28_L#^(G]2H/^G+A_O%CO2?[0O`G(8^5+O_#6])_6,G=3
M\>N']:9"2>J4D78X]-'3(P9\D3,#V0PUY$9R;K;L`K`1[GV(#:EK>VKV=-^O
MKKZ<\8,W,2_/]#%5O.W=SC0WIVCTVH^A_P#;*I$]&BHVU7)8BV6[BIY$(0F.
M4_+_`*]:ZO5CG"7AC-D=9@RK7(-REU&IG5V,M298"T$XW27Y3$L1?Q\6OSI4
M./-%PS)H7&=EI5/8VKV[TG^T+P)R&C\IW?\`AK>D_K$D/[`_B)_4J#_IRX?[
MQ8[TG^T+P)R#Y4N_\-;TG]8?V!_$3^I4'_3EP_WBQWI/]H7@3D'RI=_X:WI/
MZQ__UMR?L0JRV0@FAVFI'KF19Z;6K#RT\(JI216C'/+(3B#.AT[H-F#P4@Z3
M.IP"<6]Q*FN1%J88"$QRB)Z(XTV,H>WY/XW#.>W&3T,N2#$[<Z&B@V-T\`<I
MM;2UI9-\T?(ASEXZ`3-7:WOD&M&"D@BI9!D4,2XWMR$AU06F1>IW(S385+'U
MR.)CD;Q>1-"B6"P1Y4BJ4UPF)-D89BP0A\P7*G,SYH9H..AMRX6YQHI"C>_:
M]][>A@C8<@]UN=LOE$@](D24!':>^U*KU1C"JL%LVX5>F]"K\XB8A$BZI80/
M=`5NK8UXNN"91(E@9S\J#&G*;&<'D,I4CQGI(BM4<7<A\&RSZ2!$5L4RWN<V
M&@5VKN6*+1*YMMZ1]8.1Z/4;7/K^IDK27CPN4_\`:C<C;VTH"TDFVVVRVVRR
MVAIII"6VFFTI0VVVA.DH;;0G6DH0A.M:UK6M:UK6#!$/NG.NAG;H.D!7+7;*
M%811&-8>?L660+KD]_[%EURU58VAH@*E:"]!YZ4DO#=[GP!HRW`(#CRO9*RE
M8,H<3G?B`&"4FV5OHEJFW8A>:[8J\<U!@11E3&:N<"O,WDG5ZH7U8H8Z3<3M
M98-OQ'U2A(XJX\L9#A)?DZD!:3*P8.L-!A-C#%J\?&PC`(\,GAC0@C';ECRH
MDI%=@D1L^*\E;,F%.AOK:=;7K:5H5O6]>F\`CH%X&:FV*N3^G6D9=A=`K*:M
M4);(X\.NQQ`^]4B\5FT]!M+MFF;+6RN2.?P4>^C,L(ERY!"5Z,MSMPF1FTDM
M(4N.Q*?CQ527TM.O(C,J9:=F/ML^C;.G7UM,I=>]VE&E.*2G7T>N]:U@P5\6
M+R:O33%*'VK=OYJS:Y6C=K)5OAW08MSHM1^JU\)/@UMCH54MPZ[$Z9U2[5T:
M5)?L[IF<")S"4:##9%RY+(S8<VA^),VSV:5T7K;0D:FYP(Y:X4()$2PBR$+!
M`@$[!7[TE]XQ[V&)MA"S;9]@D1?=!VZ=7UR=AV&V)`6DZGY`6L"W)A"?$$BX
M34?4LH9):;;3I"(\!A\F8*2-N2)"TH:;V](=4ZXKV=*5O>\&"#9_R^<M1F*Q
MR0C4"%0<FU'_`.K1RT`UT`M,AVQHE;Z6)HL9Z8Y".7SD2)I.GZD(<)3R`$H+
M>'1YON%MC-AR^?>-'0Y=O.$.J7(\4K$&01%A(Q:T$K;9BC<(TE\+8AEE)$)L
MFL#2C-5J%AD0VD1E0KH&ENCV(`V6[&EA:3#IE#J'/`[0"E@(-?%,I:0B-#TZ
MM>VX[2(T)EV5)<?F/QQL%IN+$;6XI$2&RU'9TAEIMM(P>-[3<[5SVKQ[F!0!
M6#"SG57ETY&GNMAZY.&$!T6VN2H4V,F#7J99)4$G875I7MFMQI[S6_?,MMN`
M16>X_P!A[9%BF;?-&,/DZG2F1UBN5;A#;UQ2["S*S9PYS02P+?%,W_F_0J\M
MZ+,?C[#6&&^%6M^8P%?^W,'U:B$IZ=S/D?*2<9L'`!A+"=9D-#?KI':B4J&&
M&PXK\6O1"<U]V/"#5L=!AN:B)TK0P=":D+<;BL;1D^3$G7_+>HT5K42FN`[@
M4BWA-%L4R2=ABZQ43+,2];GCK.>?<;%UPA$L-.B").RTD7%AO6(:]MY[<B/&
MDC*(8,!<,Z!VJP5SHQ"6;K`XPT[T0\;-G))2I])*SH]@@<A?&40%:`1V'7A/
M&.BF0%K"$$5],]Y0YM:RL<<MR7@S;9@)Y\YYQ7>8U@76*^B0\T/B1VI).>MM
MP@6(Z'C818[,3':C#XQ2RR1:9Q+<1B,S,).O2EM[?>=6K)\F'._]6ZK0CM+K
M/-ZF/-$;P/M#=6D3@9"QL66_5V&R;B<Q?4U::$%H:SU2C%2S=@)%'HC,8)+:
MU$>D[C,R!E#!40-WKOXJM7JOVPM4"$&[6R6%,%7?L2O!*^]8`UIYH7$4T$P5
M#=)#0*RO[(LR'#.WS4Z#)ABS,0.3D3U!N$L^:\C#<U&LR"9TA<K##9/+>M]G
M:%L2(;=F,1[5;4"XP^)#@AX=AM$1).>O?O9<V4VTN7)?W'C^Z&#SW2/)3F]`
M"S)T4K$M!%$$1-@M#)+B:QMHY'CE8TXU?6HDVL!18FGNO6@DE+LHJS48$PK&
M@3&6-(<&;"-%M'>0G>+Q;*#8*].K7/XUG'0&HRG*^:H@>96PPFP(.E2*(5(Z
M`45$MHB/,@-1WWVC@RS0D[CBI`TB]$#`25YYXW4*E+'%BD?]K;=#7M]P\342
M7'V\TF/$%(CC"9<V\Y&K@(8.'C]D)1&6PT-:D+D.3W9DR2%I(7!@8!__U]_C
M`&`=-8:Z!MH4A7+0&&6`"59U')!S$*.0'364N(>0B3$E-N,N>[>;2M&]Z]4.
M)2I.]*UK>@./5ZG6J4);!5,(.`"6Y$N9]2&QD1VW9T]]<L@0E*3KWLPB0ENJ
M=D2'5+>?=5M;BE*WO>`>AP!@#`&`,`8`P!@'B(/-.?#2EB-0:96XY6VM3F+)
M-2(AJ=,1BKFGBT69[;2D+B&)6O?S&M:TW+D;4\\E;JE+V![?`*^>6\;[X6JH
M<?;+@)^QQ"+Q2-C.CMW/HIU8IA$WGUTB6F0=(A)O2*'U^:(3988^5.8D5B6F
M,B(8-!5-0&AG`2]Y[RVO<YB,I@D;99CFPPH*3N-\MANXVHTT+2XO<B9/,2WH
MH]9&?(>F28XUB#!5*>4M$=&O92D8,DX`P!@#`(>>1/#K1=9QTU0II_9Z]TU%
M%F,OQN)V&E@IXB-:-U&Q60!V+F-[G/U-F1;INBK`:0IU>DM::&2%R9CZ1E%,
MI<X\>^><RM!B[A(Q"5;3+)0>LP0FN+4.KY=\"0EU6`RQIG4H&R;!:GQUDU$2
M3,J9+5J9O4EW2@M,XX,#`/,VVF5&^B-U^[5D';`>YL$@H/81D,N-7-&2FYD&
M0N%.:>CK6Q(:UO7JG>MZ]4[UM*E:V!VLMB5&$28U?9'1YT<<\P$8EMN-"&)3
M4938UF2U"TEYL<V\E"5I9UI6FM;TGZ?3`(.DNN=CZ_'-@*97X50>@D.?L$ZF
MX1L4*ZO1$GU#^@;UT4!/'1P$(3T>L$Z0:;&0)I`0(]FT1Y+[4P</?&3V?'/&
M5%7"KC7";-:!NV^98QO)XYK=IJH\0-<3$YV.MI^PCY!ZV'Z:!BQHJ'(ST`>B
M%$@CGFR21C1&4%I+J-&CPX[$2(PS%B166HT6+&:0Q'C1V$):8888:2EMEEEM
M.DI2G6DI3K6M:],&#[8`P!@'_]#?XP!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`
M8`P!@#`&`,`8`P!@'C*K_P":7_\`T,_TS1_HK_YI_H=4/]/_`/\`,_\`W?\`
/[-]GX![/`&`,`8`P#__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>g36434g42k30.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g42k30.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0JB4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````S````*<````&`&<`-``R
M`&L`,P`P`````0`````````````````````````!``````````````"G````
MS``````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"`8````!````7````'``
M``$4``!XP```!^H`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!P`%P#`2(``A$!`Q$!_]T`!``&_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#NZ>A9;*PVGJMWHN+7#\XPVOTF-;:7EVS>[UO=OW_H&?X.SUI'HF?#
MPWJM[`]Q.@!.K2SZ3W/]S/;L]+TJ_P#">G]J_6:]+#_H='_%L_ZD(R2G.?TO
M(?D67_;;1N98REFL5FP-;ZNW<&V/JV_H_;_X/ZU]M=_0\]X!/5+Q8!8=P!`#
MK/4;O:P/^C4RRIM53]]?Z#U?Y[WK9224Y61T?,OO?<.HVUD@"MK0`&SZ`M]L
M[7^K]G?]+^:]??6AU]'ZKIZG5;6QL_FV@\#WM_6#?[-_Z5G^$]3^?LOP_P!2
M6RDDISZ>FWUT-J=E/<YOJ$V`N!E[W6CZ=EC]K-^SW6?F)_V=?O+AEV#=&X#2
M8,^/]C_U)Z;Z[Z22D.-2^EKFN>;)(()\FM9_TW,]7^VC)))*4DDDDI__T/3\
M/^AT?\6S_J0C(.'_`$.C_BV?]2$9)2DDDDE*22224I))))2DDE2ZAU3!P@*\
MFWTGVM<:]'F8T^E4T[?I)*)`WT;J2YW]L8#6[&]2<6BRMS"66[@UC6L].QQ:
M_P!7U'-]6W_2?].N]_SEZ)_W)_Z%G_I-&CV6\<>X^U__T?3\/^AT?\6S_J0C
M(.'_`$.C_BV?]2$9)2DDDDE*22224I))))2EROUQ_I6+_P`6_P#*Q=4N5^N/
M]*Q?^+?^5B='=9E^0O/I))*1KO\`_]+T_#_H='_%L_ZD(R#A_P!#H_XMG_4A
M&24I))))2DDQ(`DZ`<E5,C,O;<&4U[Z]H/JZ.&XN:W86L=O9MKWO]7;_`-N?
MS:2FXJ>3FUML8VNYK2Q_Z5I[MX<V8=_6]B)1D%QL%I:T!Y%9^CN;IM.UQ_L[
M_P`]9&5_2KOZY1")&F]1G;7L]>]KFMJ`>1$.M_/?&UKF?^9_X/T_TN)];;&6
MWX;V'<UU=D'^TQ6%1^L/T,#_`(JS_JFHQ&K'.1,2XZ222D87_]/T_#_H='_%
ML_ZD(RKXSV5X-+['!C16R7.,#@=RB-OH>0&V-<7$AH#@9+?IQ_524D247V5U
MB;'!@)@%Q`U^:SAFW^D^PV,W;';:IJW%V[]'KZWI_0;^=9_A*_\`16>HE-[*
M_HUW]1WY"N?@>`6W9D5OQ;&^JQ]OI.+@PCG;[H;+EBHA9-=@'J,T'TF_E")E
M?TJ[^N4-G\XS^LW\H1,K^E7?URBMZ(E1^L/T,#_BK/\`JFJ\J/UA^A@?\59_
MU341NME\I<=)))/8W__4[VW+<W'IQRV6&FMQ(<6GCZ,M_-]J$,E@+'>B'.J<
M7L+GDF3^]I[OY'[GL4<C_`_\17^1"1IC,C;=RLE^3A->]H:1=M@?U''^*I(_
M_></^/\`^^("*"FQ?IV?\39^1!1L7Z=G_$V?D04E+L_G&?UF_E")E?TJ[^N4
M-G\XS^LW\H1,K^E7?URDKHB5'ZP_0P/^*L_ZIJO*C]8?H8'_`!5G_5-1&ZV7
MREQTDDD]C?_5[;(_P/\`Q%?Y$)7\SISF4^H+GN-3&UL:VL.)CVM]C&N>[GW?
M^BV*F<7(&X$6@@PW]$2"2[;RVOZ+/HOL^A_VHK_0(VL,3:3_`+SA_P`?_P!\
M0%J?LIWH^C]H=MW[YVMF8V>&U9SL;(#B`+7-W%H(J@P'.9N]S/Y/IM_XS[5_
M1MZ5JX2SQ?IV?\39^1!5_#Z=8ZOU3:YCGA]9:ZL-T)+-X:X![?:-_O5:_"NK
MN=76;;&M+6[A5W(W.UV;7M9_.;F?^%_Z2E:N$HF?SC/ZS?RA$ROZ5=_7*+B=
M.LNW.>ZRDL+2W<QONT:_=JS]_P#\S_2*>=@6,=ZC;'V/M?JUM<@3J[Z+7;-K
M?W_^*_G+$K5PEI*C]8?H8'_%6?\`5-6G3A9%MK&.-C&.)#GFN.Q+8W,_.V[_
M`'_0]2K'V?:/61>H_5^K)J8Z[(M'V6MX8*V-)(/O]S/3M>]WM_P3401:#`D$
M/'I+:/U>B1^LD@"#L;$G=_P7T:]OJO\`^-]"K]/38KO_`#0Q?3]3[3D<;MD5
M;N)V_P`U]).X@Q^U+P?_V3A"24T$(0``````50````$!````#P!!`&0`;P!B
M`&4`(`!0`&@`;P!T`&\`<P!H`&\`<````!,`00!D`&\`8@!E`"``4`!H`&\`
M=`!O`',`:`!O`'``(``V`"X`,`````$`.$))300&```````'``@``0`!`0#_
M[@`.061O8F4`9$`````!_]L`A``!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`@("`@("`@("`@(#`P,#`P,#`P,#`0$!`0$!
M`0$!`0$"`@$"`@,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P/_P``1"`#,`*<#`1$``A$!`Q$!_]T`!``5_\0`N``!
M`0`"`@,!``````````````@'"@8)`@0%`P$!``,``P$!``````````````$$
M!0,&!P(($```!0,!!04%!04##0$``````P0%!@$"!P@3%!46%Q$2M7<X)':V
M-Q@A(G0F-B,E=;<),4$G83)B0T2$U&651H:65QD1`0`!`@$%#04'!`(#````
M```!`@,$$;%R-`4A,5%QD<'1,W,4%34&88$2,L)!4I+2$U06H2*R4_!5X8(C
M_]H`#`,!``(1`Q$`/P#OUA"[^I1BAPQ7Q!!FW(T:11[,>25#Y("I)+W5O;9-
MJ&PJEE>)<BQN]8>Z2R50G'""3/&/S3$QRTQE>*MC>7><V7550^]QFYBS/_49
MFLB>U*2*R&$1!=E>?Q6-V/\`@904Z)<8N$^UM%P6<*4[N<@6)'MCA.+<7TMH
MJLO2FW2:MZI.9>L(V3=1_:X-`LS?U)6I)D!Y;,9R^3Y$F;FY3$W&&3<;3MIQ
MMCYB-T<8_DI#S`<A.+I>F5+4FI=N-CI,"3*RSE-JU>?6U,848X&#)"N]+,ZU
MCSW)E;,TIKH[BMEQV<[LZPS%KS%'+(SVKR?E2,LYKVIE[5%GZ+.B*"LS,XK6
MV]A9U2DPY.JW1N(/O17RB<GV)]9Y)KVRY-=/22:D9$@,8:,S8%EV;4\1@S[C
ME,S24J/9ZD&7\)6/]5MR[)^GV(OL0A:4F2%74;'ZCW>6<I<;3[T3;"=R,KF>
M=,XZ[&7([_`,58\D)Y9><RF]KEMN&W>40Y'@YY:M/I;*_P!TC*N1L3TXI7N0
M3>JM.2MM7)2VJN]6IBZ)3#Q$0PL[RK^HFMS9"'I0GRJT1N"3APBSP>PXY?5L
M3RBVQE^_JYXZ@DDED&(=DK!1IFJ:&X2=':]LJT):5E[<Y*EB9&D:E#:-S)_S
MV,\,^9];R_1O(I@MB*YLSPTY09H\D5J\5S^O%\?K#HDM=I0U0\C%AF4*)VVY
MY7-EZV[&:A62<WGWD,SDBL(>5@W,OL3VLF_]1NQ)D&6EP_*!Q.5<N8T2GXR7
M1.3)E>.FCZ&]*LIE4G@CQ&IPYN,.BM,]L4D93&A`O,;;'=8[U47J%QQE]@W'
MH,VMC5XY1;&4D.5O%(AD+)4=ALOG:33B^FJX8N=,NS.)%1G$C(5<MIFTUTQF
MP5=3U;6G=;VMS2VV7%G&+*-"8G)#GZ34'_5+7&NE;<'QY(ILATI5QEL/Q_+2
MC'R,),6N#K%<HNUBPQ)&HWE-SR?5.D-QX?*;7"B6VJ:Y.10RYV(;J,E*@<'.
MV:#X)EIRR,^Y6<FN0:SH2FB\CR%$)1CB1K<)KVK`[6CO:X!(2$*^)161R@M:
MB<T5B)`FMHM<S[DB.MYUA4HG(Y0ZR+539%R35"-X?U,@PLUOCDR604AON:I[
M)\-9U=GV,6GM5B=S+NC4[@<22)B=K8J*4R%46>8=14W%MXW'Q#S-0\>G[RN:
M&R959%3LY%*W=:R/LGM8XLIU0Z@3GUWC#-WU*=<_H<./*!6UD42KMM86V66I
M515"DQ@W&1XA),].L@1UGU59&,U,GD47<ZN<-NB:A7C"^*YC=FK(LB=J&MKG
M&9"LLC44L/MM+;"&]0Z+B3D99YZ2QL&Y[U&X?7R)UQ+BYTE]5M98Y8ZA*^45
M<4FX.%9$LC38H>ZKT-"$U$2VKD8;M2MF7L[^VWNV]G90AD4``````?_0WTH7
M*F^=0Z)S=H)6IFJ91EAE38G<2R"7`AOD+6E=T1*\I,H6)BEI299;:;:6:;9;
M?2M+;[J=EU0Y,``````````/3M;F^PE.GM0(K4Z0ZU2E(M2D4)3*+;K[[3TY
M5+*6$G6WF75I=;2EU*W5KV_;4![@#P,++.+,).+L-*-LN+-*,MMO+,+OMK;>
M699=2MM]E]M:TK2M*TK2H#S``'@866<682<78:4;9<6:49;;>687?;6V\LRR
MZE;;[+[:UI6E:5I6E0'F```````#_]'>3TY^GO!/DUC#X(8P3._+,H(`````
M````````````````````'__2WD].?I[P3Y-8P^"&,$SORS*"````````````
M`````````````!__T]Y/3GZ>\$^36,/@AC!,[\LR@@``````````````````
M```````?_]3>3TY^GO!/DUC#X(8P3._+,H(````````````````````>!AEI
M19AMU+ZVEV7&74++,.,K;9;6ZM"R2;;S3;ZTI]EMMM;KJ_92E:@,,I-0F*52
M!8Y'/3\S$(LCP[$AI$JQ_D2'N9V0Y\HC2:*QQ`S2N*,SNZ&KZRY`8:H3$&I$
M:<PP]2:22G4&%#(Y4Z9/A3+-VK';DYK2)4\I6]6C361Z2*6DHIXK(K&:QTE*
M5H/BS&J>SHDXE(2%JU.<L.2W%DV7F5LMN#GX#__5WD].?I[P3Y-8P^"&,$SO
MRS*"````````````````````&"WW4YIZC#RYQZ0YFQTROC*M4-SLTN,H:TJ]
MN7I3*E*4BM,:?:80H(,MK;=;=2E:5H+-.#Q==--=&'KFF8W)R2R[NV]D6+E=
MF]M*S3=IG),35$3$QOQ,)+EK_I7E;'CY%9J_C<:>H/-*9!5/#`_8Z4HI)+'+
M)T:RI)W=4Q2YIE:9J5KWUC4$MYJ,THUJ1.*A+;><E,,(-GN&-_:U\DOC^0;$
M_P"UL?CCI?6D$]TNR7+L<RTY:DL'T=X\H:C$JTBC7S>UHXZNF-[4SQ&7JY<K
MMB[.^LDQ/;I*31`IXV1>=LZHMJ7:1/<,9^UKY)/Y!L3_`+6Q^.%$_5QIA_\`
MO.+?_<&C_B`[AC?VM?))_(-B?]K8_''2_];>3TY^GO!/DUC#X(8P3._+,H(`
M```````````````````:CFKCU/9Y\TIAXNI'>\!J6%T(S/S_`.H/.]J]O7GE
M.PML@``'_]?>3TY^GO!/DUC#X(8P3._+,H(````````````````````:CFKC
MU/9Y\TIAXNI'>\!J6%T(S/S_`.H/.]J]O7GE.PML@``'_]#>3TY^GO!/DUC#
MX(8P3._+,H(````````````````````:CFKCU/9Y\TIAXNI'>\!J6%T(S/S_
M`.H/.]J]O7GE.PML@``'_]'>3TY^GO!/DUC#X(8P3._+,H(`````````````
M```````:CFKCU/9Y\TIAXNI'>\!J6%T(S/S_`.H/.]J]O7GE.PML@``'_]+>
M3TY^GO!/DUC#X(8P3._+,H(``````````````!P/)S_)8Q!9`\PUEYAE1!*1
M+'VBI%JHM2ZNCBC:D9AZ6YT9**TR,U;0\TK?4E32R[K:'%5KW[0Q:PY=EBM3
MA1$H9FQW19`ED[@\QD]B4Z(G1R7PACR2O71M+"#'V:F55(W?'BI$I56/:U%6
MY/=>G,/+/*OL)X7((UD63/.7Y)!C43`JCK,TO1ZY0Q\27KX8[MJ^+61QGF+]
M9>;'+I!D./R$]X3,Q=J=P9VQ&0<HV]KB54@,W`AJ.:N/4]GGS2F'BZD=[P&I
M870C,_/_`*@\[VKV]>>4["VR```?_]/>3TY^GO!/DUC#X(8P3._+,H(`````
M`````````!UP/>I>6R1J6L<@B..WEG<2J$KFUR9'A8B5%VWV&V4-(.D-Y=UQ
M1Q=M]EW9WK+[:76UI=2E:7^ZV^&K^G0ZEX]C/]=ODJ_,^$5G%<0RM,<(QWB\
MEC837%0S-A4?=RTS<J>&UZ:'=8EMLD5MQ:YU;I(X%*3^W;'T6GUONNN-OK5W
M6WPS_3H/'L9_KM\E7YGY,>;7"-2%XE3#!H`UOK_>X&NZQ(CE-EBXYU7$N3FH
M,0UEES?:J7N!%IQIMA5IEYG;=6M:W7=KNMOAJ_IT'C^,_P!=KDJ_,H'$>H"9
M3Z<ML9>&R,ID"Q.Y'&G-J-U)5VW(T!ZHJA9BIZ6$TMN,*I2[M+KVT_L[*_:.
M.[8HMT35$SE7=G[6Q&*Q5%FY11%,Q.]$Y=R,OVS+7<U<>I[//FE,/%U([A@-
M2PNA&9X_Z@\[VKV]>>4["VR```?_U-Y/3GZ>\$^36,/@AC!,[\LR@@``````
M```<;E\I;H7'7*2.A:M0G06IBB&]N**/=7AU<EB=K8V!G3GGIB53W(7I:G0H
MB;C"[352@NRMUO>[:!@^'Y^<I4Y86(-@R5H;\QQ-ID*6ALQ(725K,7XW,R(X
MKT\91L5U7.`,!EZ5C5/IZI!6CXM3IZ(^Z<4883D<MB.4W9]R=+\:OD40L"N/
MH%+VVGI)31\<%,?L?#&=J<I$V58FI$QFRDBE%S<2@7/5;$E+[5]R!52Q,80S
M.`Z5!L/-P``9XTV?-MB_!/GA"L<&(ZJKW-38VOVN*K-+I/U<>I[//FE,/%U(
M[5@-2PNA&9YGZ@\[VKV]>>4["VR```?_U=Y/3GZ>\$^36,/@AC!,[\LR@@``
M`````!\&5.YD?C$C?B2;%!S(PO#N4G-NNM+/,;6]0ML),NL^];8;<32VM:?;
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MI]O;0<-ZS%JF)BK+NM#9VT[F-NW+==J*8BG+N<>1UQC0=/``!GC39\VV+\$^
M>$*QP8CJJO<U-C:_:XJLTND_5QZGL\^:4P\74CM6`U+"Z$9GF?J#SO:O;UYY
M3L+;(``!_];>3TY^GO!/DUC#X(8P3._+,H(````````<*R5\N9_[E2KP)>/N
MWUEO2C.K8S4\7V57^,NHD:KH```*NTD_K22^Z]?%FX5<5\E/&W=@:Q>T.>$H
MBTP@``9XTV?-MB_!/GA"L<&(ZJKW-38VOVN*K-+I/U<>I[//FE,/%U([5@-2
MPNA&9YGZ@\[VKV]>>4["VR```?_7WD].?I[P3Y-8P^"&,$SORS*"````````
M'"LE?+F?^Y4J\"7C[M]9;THSJV,U/%]E5_C+J)&JZ```"KM)/ZTDONO7Q9N%
M7%?)3QMW8&L7M#GA*(M,(``&>--GS;8OP3YX0K'!B.JJ]S4V-K]KBJS2Z3]7
M'J>SSYI3#Q=2.U8#4L+H1F>9^H/.]J]O7GE.PML@``'_T-Y/3GZ>\$^36,/@
MAC!,[\LR@@``'@8:639<8<9847;V=XPR^VRRWMK2VG>NNK2VG;=6E*?Y:@B9
MB(RS.XE'5"PKYTQQZ-L<&4SLASOD")V>FYX@AIN.DBML+(LET<C4WGD&:G/)
M99EV[L#E51=1@N-4K:T-[MJ%=.2>!$7*/OQRN0QB"QR*SW+V24L(86Y[F3BB
MCK6="[84RO;I%$K66^.<E>5E7)JH;))%D%Z=;U"DU750>E3MU3"[#"C+@R3P
M'ZE&Y_?'*^3I>85L3A[X=)8;9BMWD;VB>%4#M<X6L9&(PJ-,C7>2UND3FDPI
M*EU][?6KF_+[D"][7T,4WHTQ=Q95K)/`3<H^_'*S5D12F48YR#NZ@@_N0J4]
M_8FEF]SO,3AW>]W+KN[WN[7L[?[>P?5N)BY;THSJ^+JIJP>+R3$__*K_`!EU
M(#5=!``!5VDG]:27W7KXLW"KBODIXV[L#6+VASPE$6F$``#/&FSYML7X)\\(
M5C@Q'55>YJ;&U^UQ59I=)^KCU/9Y\TIAXNI':L!J6%T(S/,_4'G>U>WKSRG8
M6V0``#__T=Y/3GZ>\$^36,/@AC!,[\L29XA<IE>1HX:V8JED@9VEC:'8S(L3
MD,%12MK<V5]>'0F$X^52K(\.<\9+)'>219(WU"E57NS2<0WUI2I=%"$0XK'\
M:S6W!<VC=V)5T.?Y?-&6;J,<-B#%JR"M-C`LQ38I@S4RI,N)FR5Q&3MD?4VN
ME5SDS7R,ZCN<H*:J+TB:X?:HC`<7ET-Q7'H_.%.W?T[A+EU$M"D:8J/L+Y-)
M"^Q&')D;<Y/;<W(H/$G)"S$)4Z]P(2DH;2BU:JRRU081+UM1/R<F'_C_`,4L
M@YL/UU'OS2S=K^78C_U_RI=7XTG20``5!@CY<Z@_<JSP*:BM?ZRQI<\-O9>I
M[6[+Z:TOBRQ```5=I)_6DE]UZ^+-PJXKY*>-N[`UB]H<\)1%IA```SQIL^;;
M%^"?/"%8X,1U57N:FQM?M<56:72?JX]3V>?-*8>+J1VK`:EA=",SS/U!YWM7
MMZ\\IV%MD```_]+;FE?I'TR>X6+OY9I!:PGSU<3"]0:O9[3FE,PO.J```KMJ
M])$E_C9'Q>P"K.M4\7-+?M^07M+ZZ4B"TP```5!@CY<Z@_<JSP*:BM?ZRQI<
M\-O9>I[6[+Z:TOBRQ```5=I)_6DE]UZ^+-PJXKY*>-N[`UB]H<\)1%IA```S
MQIL^;;%^"?/"%8X,1U57N:FQM?M<56:72?JX]3V>?-*8>+J1VK`:EA=",SS/
MU!YWM7MZ\\IV%MD```__T]N:5^D?3)[A8N_EFD%K"?/5Q,+U!J]GM.:4S"\Z
MH``"NVKTD27^-D?%[`*LZU3Q<TM^WY!>TOKI2(+3```!4&"/ESJ#]RK/`IJ*
MU_K+&ESPV]EZGM;LOIK2^++$``!5VDG]:27W7KXLW"KBODIXV[L#6+VASPE$
M6F$``#/&FSYML7X)\\(5C@Q'55>YJ;&U^UQ59I=)^KCU/9Y\TIAXNI':L!J6
M%T(S/,_4'G>U>WKSRG86V0``#__4VYI7Z1],GN%B[^6:06L)\]7$PO4&KV>T
MYI3,+SJ@``*[:O21)?XV1\7L`JSK5/%S2W[?D%[2^NE(@M,```%08(^7.H/W
M*L\"FHK7^LL:7/#;V7J>UNR^FM+XLL0``%7:2?UI)?=>OBS<*N*^2GC;NP-8
MO:'/"41:80``,\:;/FVQ?@GSPA6.#$=55[FIL;7[7%5FETGZN/4]GGS2F'BZ
MD=JP&I870C,\S]0>=[5[>O/*=A;9```/_]7;FE?I'TR>X6+OY9I!:PGSU<3"
M]0:O9[3FE,PO.J```KMJ])$E_C9'Q>P"K.M4\7-+?M^07M+ZZ4B"TP```5!@
MCY<Z@_<JSP*:BM?ZRQI<\-O9>I[6[+Z:TOBRQ```5=I)_6DE]UZ^+-PJXKY*
M>-N[`UB]H<\)1%IA```SQIL^;;%^"?/"%8X,1U57N:FQM?M<56:72?JX]3V>
M?-*8>+J1VK`:EA=",SS/U!YWM7MZ\\IV%MD```__UMN:5^D?3)[A8N_EFD%K
M"?/5Q,+U!J]GM.:4S"\ZH``"NVKTD27^-D?%[`*LZU3Q<TM^WY!>TOKI2(+3
M```!4&"/ESJ#]RK/`IJ*U_K+&ESPV]EZGM;LOIK2^++$``!5VDG]:27W7KXL
MW"KBODIXV[L#6+VASPE$6F$``#/&FSYML7X)\\(5C@Q'55>YJ;&U^UQ59I=)
M^KCU/9Y\TIAXNI':L!J6%T(S/,_4'G>U>WKSRG86V0``#__7W.'/2_*7."0[
M')F;WDJ-01M9FE@M+@L3JXVH6%GL8FZU<LOMK8J.H@+IM+Z%E]\S[W93^P?=
MNY5;F9I5L7A+.,HIHO9<D3EW)R<TI;RM@%UQ:X1K?,J/BN/.SO'VIS=E;9#6
M]T[[^]6-IEL+BZ*//;G-ET5:253V]D]K?8@9$MZFPT_NFEE<O>KOL4/`\#PW
M.6.AB55"Y0V%'HW>3OR"2MF*E^H!Z8Z&PY40EPBW(T1I[N@=TT)O3N.0KW%0
M<AL8K[$Z*JA&;?5UM3W$'GN]7?8GP+`\-SECH9FB6G&0R+(TM@*[)SXVUCB=
M:L+6-Z"$O[BB2IGBC6VTG32F84J2$KILAOH[1]+:N<3E[18:>?1&87L;G>KO
ML1X'@>&YRQT*@(TUS)/`5N-R\Y.W+R]38K/ON@,2JXT-L<$CE3N*:=A=MF\H
M[/LJ77[O;3^_M''^K7^I%S<^);C9^'C"58./B_2F<N_N[\3P>S@3KE;2Z_8Y
MBW,B/,*E<46N+3N"V5D0J$19B17(URFCD^R'EZ1K""E:Q*2W)"DK>L/4N2Y,
M5W+"[S#BN3O5WV*G@>!X;G+'0P8U0.4/BJ(M*&22I!(,J.<X:,4L,E2Q5E7K
M5^*9"<Q9129+H3"7.S':J.DI3UB0M)Q^Y>2GO+NW=34L@QWJ[[$^!8'AN<L=
M#E<5Q`_2.68]9%,_?V1FR0A/X(M5IX4HDEKLU1-9))+:9'4L9O9KX\PN;:I9
M;E5'GB*AQ(O-);KVWNK[G>KOL/`L#PW.6.A9,6TP2V(,\M9&G.3Q<BF;;1J>
M*JX'$CCK4M$KDDI5'?90JT@W9.IOVW6WT[>[]GV?;\57JZYHJG)EB5BQL[#8
M>WB+5OXOAN4Y)RS]F28W-SVRFG,^G&0XHBYLG19.?)$G1)UJU?:XH(3&"#+$
M=I!:*/,5]K"_+Y!D"7.2PE$PLY26RUR5UN+N4D7[.AOWWJ[[%;P/`\-SECH8
MTKC"4J'Z+QAMFKH:[Y3>9@BPP8XW1A"TRQHQ\H>[I>]RY8D@+JO@>[M#20L1
M)BTCL:KM<DQ=]2#;5=J5WJ[[$^!8'AN<L=#E6/,2(LERF*1^/Y6GMC?*,5=2
MN/K(C`K$K<NH1CEQ/A!J8DHXU4^-K)D]K5*SB[JHRMO8588:;0^U.[U=]AX%
M@>&OECH5Y`=,TPQNY+72/9R=[U*Y#5O/HXP*)*2J$5/)4=MEA>[UM,VA%OV]
MM?L[?L'Q<O5W(B*LBSA-GX?!UU5V?BRS&3=G_P`0Q-)]&\@9&)Q<VK+LI?7)
M,471$UUC,&:DYZE0>4F*-<712E-+:V='<=MUJFA2@Q.D+,,+(/,MM)O^^\W?
M8J^!X'AN<L="1DK(NNB;[D!7.'XV#1);*HW)9`PTA[Q:;,8]'I)+6TN&IU,,
M9[)?`Y=&FQK5-L@H:DL/LD*.^U-4BQ4>0[U=]B?`L#PW.6.ARL_%TP;YNPP)
MWF+RWN),G61?)$BL:CW.!0Q:87B]SC)+7,&O#*M`Z+I:P90),2EOEL7(HO0G
MI*GUI<2H,=ZN^P\"P/#<Y8Z%JPW2C)H*_I9(R9S?+G%&4J**HN@L1/3]U6G,
M3&]\HNPFZM=F97L^]3LJ/FN_773--63(YL-LO"X6[3>M_'\<9=^=S=]R9<C?
MTJXQD.82_(D@SMDJ]^E;NZ25U3,\8@9"8QP7FF+%!+<E4-1MQ=EYMU:%V7FU
M[.VE*W?WB]:VOB[-NBU1%'PTQDC<G[/>Q<7Z-V/C,3?Q=Z;WZMRJ:IR51$99
MG+N?VH0IH8BI5K[1;-Y]0V'-T]E<RO:Y'`'AN;8;C%MQ\X3E,S.J?&):1_R;
M'C<@E(U#'2J=M+7HU!%SQ;?:.3QS&\%')/2X/X'L/[U_\<?E?/7:+H$D31U.
M7/LCFR.?,\0F6.F:JZ+&IW>!3:/Y$D[0[2)2U8D=W=AD*)JQJLJXMZ%N>4J"
MJD@XQ=N1:Y6B>.8W@HY)Z3^![#^]?_''Y5<?_DAC'EKFKK]D_AO`^8.W<,4;
M/<=PXCV\5W7E[N;#_:-]W+L^_MME]\/',;P4<D]*/X)L/[U_\<?E?__0W^`$
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M@^WWG[FW`W59@A/&<^CG%\9]4>H7'^+27IIT\ZX\7X[R\=Q_<^BOMO%N4][[
MF\_MN';]L/V.^`F&-EOTL\<E';U%YGYF7;+@?U'\P\>YDEW,G1/@'[SW+C/&
M./<C>Q;KMN(^R=@&Z^UB?Z,NH$-Z-](>IW2U_P"7N3N'<X=-MOC?CO,6Y_O3
M;;?E_MXS^\_\_9_9O@$Y?M5L"&*LW]-^E$VZP<0Z8\)MYUX;S?MN!;XEWG>>
M1/S/PGM[N_;']CN6UWGV7;`)^7?2MOS?S+U+VW`)-O'/WU+\-V'*&1^-<]<Z
M?NGGGIYQO<^/?F#@.Z[G[%PP$[KW$7TP[5K[>I>]<Y)>,\Q?4GOW-.^1+@G7
M+F3VO<N[P?@_/'L'#]EN7L?:!NK*!#TG+8<.7[UON[;DJWCAO$>([#87[7<.
M$?O;?=GV[+=?:._V;/[_`'0$)L'T==-H+PKJKTTY<7\F\2^JWA?3+A4+XYO7
M'/:>A?">#<2XA^4-GW-Y_P!8"=U]DCZ1]M=N7/G$]_CW+_#OJ-YEX?P3)_*W
M2G<OS!TPY:YIW'E?\L</WC9_L.X!NJG_`,.NFO\`VGTDY&_Y9R-TZX!_T;E/
*EG_=MS_T`0__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>19
<FILENAME>g36434g45d32.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g45d32.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0K@4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````S````*<````&`&<`-``U
M`&0`,P`R`````0`````````````````````````!``````````````"G````
MS``````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"$,````!````7````'``
M``$4``!XP```""<`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!P`%P#`2(``A$!`Q$!_]T`!``&_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#N_P!AYC@PT]3L96"][0P3)>UP!WOL>YWN?ZG[_P#.?I*_T'V>U3T[
M*8PLMS;+I>YP>[VN`<UH:S]'M^@]N[_KBM8?]#H_XMG_`%(1DE-!W3;R=S<R
MQKH(D#[N_P";]+_SYZE?Z-\C@6AS'MO.Y@(:YX+CJ[U!^>W\W]$__@_]&KJ2
M2FI3AW5.K+LA]H9&[?,DAKF.[[?<YV__`%J]*VDDDI22222E))))*4DDDDI_
M_]#T_#_H='_%L_ZD(R#A_P!#H_XMG_4A&24I))))2DDDDE*22224I4>I=0Q\
M5K:W95>->Z',]0Z%K7-]33^K[%>7*?7#^FXW_%._ZIJ(%E;.7#&PW?VRS]''
M4:(:(?N<PDP[=RUK6^]FVNU[?^%]&G^:1/VS1]EV_M#']??'J2(VS,3&S?M_
MX/\`D?\`"KD)4O\``_V_^^IW`&+WI=@__]'T_#_H='_%L_ZD(R#A_P!#H_XM
MG_4A&24I))))2DDDDE*224'VUUEH>=N]VUL]R?S4E,UR?UP_IN-_Q3O^J:NE
M;FXCG;1:TND-B>[CM:/[4+FOKA_3<;_BG?\`5-3H[K,ORGZ."I_X'^W_`-]4
M%/\`P/\`;_[ZGM=__]+T_#_H='_%L_ZD(R#A_P!#H_XMG_4A&24I))))2E4?
MGEK[6>D3Z3V,DF)#XW/;[?=LGZ->]]C_`&(]Y(HL(T.UVOR6$+[X'Z5_^>[^
M]*D&5.OBYIR'ENS:W:'->#N#@2YOA[./;ZFS?_UM4\GJ%PO<S:PBIYV&#(T+
M)^E^Z]5!?>2)M>=1^<[Q^*EE?TJ[^N4:6F5[:,6V-:6D5,+FN#P7&QQW`@A[
MBZT[W^W\Y9_UFM==;AVO@.=2\F./IA75G_6#_M#_`,2__JTZ.ZR9)B7)4_\`
M`_V_^^J"G_@?[?\`WU.8G__3]-QK&5X5#GN#6[*VR?%VUC&_VGNVIWYV*PD&
MP2"6F`2`YL;F$M!_2>_^;^FLW(O_`$&/0^NNU@JJL&\$D.C1S?<-NW:AVY9M
M#A954[=S(=_(_E_\%6C2.(.U98RMNY[FM'`+C`GXK.9F9CVM%EE-;BP;G,>P
M@6%_N_G/I5LJ_P`_])_-V>FH9&39DX(?8`"V[:-LQ&V>Y=^\J25(,G7JR#;B
MVBU[3:180T.:3MUV3Z9=^:L<<!6,/^=?_P`4_P#(%7'`26DVNWZ3?B/RHN5_
M2KOZY0F_2;\1^5%ROZ5=_7**.B)9_P!8/^T/_$O_`.K6@L_ZP?\`:'_B7_\`
M5HC=;+Y2Y*G_`('^W_WU04_\#_;_`.^IS&__U.WR?^T__A>O_OR"C9/_`&G_
M`/"]?_?D%.8CN6Q_WG'_`(__`+XJZL?]YQ_X_P#[XJZ2BGP_YU__`!3_`,BK
MC@*QA_SK_P#BG_D5<<!)71=OTF_$?E1<K^E7?URA-^DWXC\J+E?TJ[^N4E=$
M2S_K!_VA_P")?_U:T%G_`%@_[0_\2_\`ZM$;K9?*7)4_\#_;_P"^J"G_`('^
MW_WU.8W_U>WR?^T__A>O_OR"M'*Z:15ZAN?^AK#6M;6'$A@.WV-:ZRQ_]19Y
MQ\INX%MH(&A%6X;C^9[6>[;[/?\`]V/^ZN4C:PQ-I_\`O./_`!__`'Q5UJ?L
MIWH^C]H=MW[_`*+9F-OA_P!]6>_$O:]S6^JY@<YH?Z1X;^<6[-SO<WT_T?\`
M/>LRRK]#3;O5JX2SP_YU_P#Q3_R*N.`M#"Z?:0^PVN8??7#F`2T_G;7-:]5K
M\&ZJUU=9MM:P#45\D\5M?Z?I^_\`?_FJ/\-_/?HE:N$H6_2;\1^5%ROZ5=_7
M*)B]/LN>X.=;4&!K@]S&M#B2\':US?:W]&Q^Q_Z7])^D1,_`M8'7,>^VRQVE
M;6`@D@NV[@Q_I-]O\[;]#_A/YMZM7"6DL_ZP?]H?^)?_`-6M6O#O>]C2;`US
MH<XU1`_-?#F?X3^=^G^@J_1W?K&Q$ZA]7JLBMEEN1;^K5N:T5M;)$^I[F^G<
M]SO^*8B"+6R@2"'D%/\`P/\`;_[ZM8_5Z!I]I+C$>QL:F-Q_1?F,_6;?^#_5
M*O5RU=_YIX_V;?Z^1.WU/3BO=.WZ$>DG<06>U+P?_]D`.$))300A``````!5
M`````0$````/`$$`9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P````$P!!
M`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<``@`#8`+@`P`````0`X0DE-
M!`8```````<`"``!``$!`/_N``Y!9&]B90!D0`````'_VP"$``$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$"`@("`@("`@("
M`@,#`P,#`P,#`P,!`0$!`0$!`0$!`0("`0("`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`__``!$(`,P`IP,!$0`"
M$0$#$0'_W0`$`!7_Q`"[``$``@,!`0$!````````````!P@%"0H&`@,$`0$`
M`@,!`0$`````````````!`4!`P8"!P@0```%`P$$!@8&!P4(`P`````#!`4&
M`0('"!,4%181$K6V%S@T=78W=Q@A(R1T)C8Q(M.T)96W05%5)PEB,X-$U5:7
M6&2411$``0("!`D+`@0&`P````````$"`P01LC0%(3%QL=$R<C-S46&!D<$2
M4A1T%35!$Y+24U2A0I-5!A8B8D/_V@`,`P$``A$#$0`_`.C%AD>LG&TIR2M:
M$^HF3IGY0O,DTLE$!S-*;L;KG+/#,6U,+=C&2R/*,%ER@C'<H<;R95AU`O8$
M;6STJOB=QIR0M!@]8#`8OS?_`*GW4=)(YXE>T3E/\K,:QT:)K"<HKFMKDK3I
M>T)1=5!8C'#6UPICG"TBR<=E%Q/=MZ;F2Q[;U"BYU)N,K8\L)E4;REM,197U
M8R?&&JRF;8X\Q=RB*)4H@DI:X3((.80TKZ2]+)DT7)>FUG='.1P1G9$[B15O
MLD31M%Z6U')'TV]04@&%HP4$VU>M0B)_C!Z#?CXLNFDM;UK`3#$%4C3$8]J2
M@V/(E?8ZV$W+Z(7_``A*7A^..OOJ8=5G1JDYA"<E>4X9,8"`[+]4C=P*1,$3
MDRJ3UB;DJ(9'Y'(CXHCE1N"](MS6D<&Z]X;Z%(R9^T2)/6PQ476TZQRIM+3+
MC[Q@S@)I;I9J+52HRK6?(7/'K3+8(G9'*38NNC\DF\9?YCBUAFBJ4(539&EK
M%;%&Q_EAQ&P:VHVZQK0++]LD*44<\F,'28.7(IXWY=S9(69$ZKI0G*<UV(4"
MW$>79&D<%J7`4;*8BV?**"2)</QIG,R&0LL-;W)O,-,56J*7&V7*R;RP^AFE
MV1,^2643QSBJ"4QW&C0YQTJ.7NN(WM')W*.+%V(T$V?$+-(VLB1JW..,SC+E
MK8BX::>L7)TG20H))O1+`P=)(6*WV>.4Y2E2&]S.M5P.4JI'8ZM!T?.(;FO+
M+ZSX(DBEB-)1<(E.1L>VNBE\(W=.86>VD67I4/4L34`LP!@`````````````
M`````/_0[TH7*F^=0Z)S=H)6IFJ91EAE38G<2R"7`AOD+6E=T1*\I,H6)BEI
M299;:;:6:;9;?2M+;[J=%U0/3```/@LLLDLLDDNPHHJRTLHHNVVPLLNRVEMA
M9=EM*6V666TI2E*4I2E*`#[``````'Q:47;>89:79:8;U=J9;9;2\SJ4ZMFT
MNI3K7]2WZ*=/Z*`#[```````````````````!__1[D].?E[P3\&L8=R&,#*X
MU)E`P```````````````````````````````!__2[D].?E[P3\&L8=R&,#*X
MU)E`P```````````````````````````````!__3[D].?E[P3\&L8=R&,#*X
MU)E`P`````````````````````````0_FAHESHP1,R'2"6LJUKRUAIR=D<2X
M=89(8J1E:&TES0_'*6EP<BHQRS<K.<*(3D1AJ4J\LXVY+<>28,H5RBIV1TK/
MDAG5..6VZ72'%JMC<G=[0S]Z;[=1)C=DYX>5^&"'Z^UM21-$F:;E"7A]Z&/W
MD7,Z9)?17<>5:!X&.(<ZW2&(R%Q4Y%)C:7(JR_'..#"M1[TG<8DZGX=)>;)[
MDIQE\#DZ6^,R!@D:Y`9D>-&(CFYT,3IDYZ:A9(#`>\Q&VYRO@><$SNZSE#9?
MBUF9(8XO5T^=YI?F!$PSPB>3=J29$)9W=%QHQ3'3DK.T7&Q=$M3G%M:Y32\\
M\!R'_]3N3TY^7O!/P:QAW(8P,KC4F4#`````````````````````````!RP:
MA=0N?67/N<69FSCF!I:&G,&2VQJ:FS)<T0-K8VH)H])4+>WH4KT4E1(424JT
MLHHNVTLLNVEMM*4I2@[:4E)5TK+.=+0U<L-JJJM3#@3F/A=[WO>T*]KSAP[S
MF&PVS$1$1(CT1$1[D1$1'4(B)@1$(@^9C4?_`.P.;?\`RM._^O#?Y.4_:P_P
MMT%?[U?/]VF?ZK_S#YF-1_\`[`YM_P#*T[_Z\'DY3]K#_"W0/>KY_NTS_5?^
M8S#'J3U%G+3[#<^YJ-MHSR$VEIF4YS?;0TB/N9Q)E*7/M:4O).+MOMK^FVZV
ME:?30>72<I198>-/Y6\N0V0KYOA7+3>TSJN_]7^%?^Q__]7N3TY^7O!/P:QA
MW(8P,KC4F4#`````````````````````````!R`ZF/,?J!^-N5N_;\.]D[)*
M\-M5#\]WU\S>WJ8M=Q"(DE8`!G(_Z>H]1R;NV[#R[$F5,Z&R%K+LNJJ?_];N
M3TY^7O!/P:QAW(8P,KC4F4#`````````````````````````!R`ZF/,?J!^-
MN5N_;\.]D[)*\-M5#\]WU\S>WJ8M=Q"(DE8`!G(_Z>H]1R;NV[#R[$F5,Z&R
M%K+LNJJ?_]?N3TY^7O!/P:QAW(8P,KC4F4#`````````````````````````
M!R`ZF/,?J!^-N5N_;\.]D[)*\-M5#\]WU\S>WJ8M=Q"(DE8`!G(_Z>H]1R;N
MV[#R[$F5,Z&R%K+LNJJ?_]#N3TY^7O!/P:QAW(8P,KC4F4#`````````````
M````````````!R`ZF/,?J!^-N5N_;\.]D[)*\-M5#\]WU\S>WJ8M=Q"(DE8`
M!G(_Z>H]1R;NV[#R[$F5,Z&R%K+LNJJ?_]'N3TY^7O!/P:QAW(8P,KC4F4#`
M``````````````````8.2O"I@9%[PC8':4'H;"C*,C&ICB-S5EWJ"2CS$ZJ6
M/T8CQ-B(@RY0;50N(IL2KNIUS.H7<!%:S.;8CQ=&\J7P7(!C;)60V3%QXM'%
M;9"S1Q,RK9&J?)">?+28FU(4S$BWBO6=;C;ZFEDEV7J+Z$@9H/(V:L,=*DS^
MM:6F4NZ)GD":,H%Z>Z&M[=(G4U4\)5)1#G()BS-T1L248CSBZR@U@JYI[B36
MVBVQ014P*"P48D39+XU'I8RWG&,\H8VF1-)BD@Q*H,;'M`G<D%YZ4ZEIR8ZY
M*ILK<7=2EUEW32OTT`P<CNICS'Z@?C;E;OV_#O9.R2O#;50_/=]?,WMZF+7<
M0B))6``9R/\`IZCU')N[;L/+L294SH;(6LNRZJI__]+N3TY^7O!/P:QAW(8P
M,KC4F4#````````````&*='UD8Z-]7MX:F>CLZHF)JJZ."1OHYO;E==8W,[?
M56<3OKJOOLNH2G+ZQQM:5I;;7H`'\*N81)!)&N'+I3'$4O?$QZUEBJM[;$\D
M=T:4I4<I5M;&<JL<W!,G)0'WF&%%7V66DWUK6E++N@#$^)^-=E'3_$.#;"7N
M9K+$CN;6#92AY)6%MQS3'3.(=1[<RG`ZPBXA-4TVTZZEE;>M6E`![D`4MF.H
M['4XB<DACQ'IF6S2MD<HZ\;C>RD*S6EX2&H'-,2>:J46D7*T)YA53+;=I92^
MMUEUM]+;J2O*O\2%%[_+_HO_`(:2/<H95AF5JMJ5X>LJLC&SOS=)$;"P-N+5
M38M<6]L=&\M/)4,SCLP:Y.SE*7&QP3I5::ZQ*Z)$ZJRNU(3U)>4?XD'O\M^@
M_P#AI(^,I@JI2<D@O*Z8MJ=I*\1<C=<4+FV*G3.2.\ME:=&PN\2<8[(4KP^O
M9Y]E'Y(\&-QE:7H+TM_3=5Y1_B0?[!+_`*#_`.&DMOA7+L(5$PS$T49I0E1Q
M^,(8^S*GU0B6'<,BK(4D25<%A2LP]4L,1(+:7F=3IO,K6ZO1TCP^`Z&U7*Y*
M"1*WM!FXS8+(;D<M..CZ8>4YG]3'F/U`_&W*W?M^';2=DE>&VJA\0OKYF]O4
MQ:[B$1)*P`#.1_T]1ZCDW=MV'EV),J9T-D+679=54__3[D].?E[P3\&L8=R&
M,#*XU)E`P``````````?F::4048>>862227>:<<;?:64447;6\PPPR^M++"[
M+*5K6M:TI2E.FH&%5$155:$0IOJ!C)^1))#W^'3W'=R=D@>5X:N8)$^10UE6
MNV05F-E+$^/J-WC\J(?8RQD0M:G<&LNU*<O(<NK:=;2VZE?7<?X%ZC5YF6_<
M,_$FDQ,[0N<DF3U,F$V$4OD<)51>1-DCS5>5')5%69DR*E;<=O4(1-BEL+LD
M<EE*=80]V*"U[>E4J:UH54HU`ZNX_P`"]0\S+?N&?B32>39(?(2GJ-3CF&+M
M.2%,@5*Y/)[<N-#$Q-=CJMQFGE%R;&L70N,=D40=H)CI*S(6E8M-6)KT"4P]
M88N.O?$CN/\``O49\S+?N&4;2:2^K=(X\[GW)FE]9G1385<?>G;G1$M/L(MO
ML+N.N*3'FF6E6F&VVUNK3HI6ZE/[:#"M<F-JH99&A1%HAQ6N7F5%--HMSYV`
M``$\:;/>VQ?<GSLA6-$QNG=!:7-;X61V931IJ8\Q^H'XVY6[]OPZR3LDKPVU
M4/E]]?,WMZF+7<0B))6``9R/^GJ/4<F[MNP\NQ)E3.ALA:R[+JJG_]3N3TY^
M7O!/P:QAW(8P,KC4F4#``````````!Y>;_DN7^R[_P!DJQZ9KLRH:)FSS&P[
M,II\%L?/@```M!I,]XSU[%./;L<$::W:;78I=W#;(G"6LTJ^))2```!/&FSW
MML7W)\[(5C1,;IW06ES6^%D=F4T::F/,?J!^-N5N_;\.LD[)*\-M5#Y??7S-
M[>IBUW$(B25@`&<C_IZCU')N[;L/+L294SH;(6LNRZJI_]7N3TY^7O!/P:QA
MW(8P,KC4F4#``````````!Y>;_DN7^R[_P!DJQZ9KLRH:)FSS&P[,II\%L?/
M@```M!I,]XSU[%./;L<$::W:;78I=W#;(G"6LTJ^))2```!/&FSWML7W)\[(
M5C1,;IW06ES6^%D=F4T::F/,?J!^-N5N_;\.LD[)*\-M5#Y??7S-[>IBUW$(
MB25@`&<C_IZCU')N[;L/+L294SH;(6LNRZJI_];N3TY^7O!/P:QAW(8P,KC4
MF4#`````!5W+$LRXUYRP*TQZ(32_$EDA<UF097'+X4L:7<QRQMETA.PR5*Y2
M9)+6IAA2YH;W8^],V&VN2Q6A*3J-LF-1+!GE(H32^=NTRS`XRMHRD[Q\F.9$
M=F-@@LJF<>;%L)C=C"^XP<6)>S,3(F;W.=MJ8VB%2SO]790Y*G1,NHJ3)R4C
M$'(9MN0SF#Y+PE"[)7DV6NR&U.ER"8XN<\<HU6/+(W,W5P>F:JYB=X_*&=5-
M5I*)0NDDA*?(^E:6Y.GHH-<*4<0Y2VTW_)<O]EW_`+)5CTS79E0CS-GF-AV9
M33X+8^?```!:#29[QGKV*<>W8X(TUNTVNQ2[N&V1.$M9I5\22D```">--GO;
M8ON3YV0K&B8W3N@M+FM\+([,IHTU,>8_4#\;<K=^WX=9)V25X;:J'R^^OF;V
M]3%KN(1$DK``,Y'_`$]1ZCDW=MV'EV),J9T-D+679=54_]?N3TY^7O!/P:QA
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M+K*W%WUMKT?V5J-D%$6(U%3`0;Q>^')1WPW*CT1*%3*AKDNRQDN^VZR^<R:^
MR^VMMUMSLJNMNMNIT76W6U,K2ZVZE>BM*_I%A]J'X$./\_._NG]:GUXM9-_[
M[E'\W5_M`^U#\"#S\[^Z?UJ/%K)O_?<H_FZO]H'VH?@0>?G?W3^M2QF$Y;)Y
M3"\T<QOSH][C%R-SXDL.5[MO33+-XV.UNNV>VW>SK='Z>I3^X1XS&M?![K43
M#H+B[9B/'E[Q^]%<ZAF"E::*4<4P$PYP```+0:3/>,]>Q3CV['!&FMVFUV*7
M=PVR)PEK-*OB24@```3QIL][;%]R?.R%8T3&Z=T%I<UOA9'9E-&FICS'Z@?C
M;E;OV_#K).R2O#;50^7WU\S>WJ8M=Q"(DE8`!G(_Z>H]1R;NV[#R[$F5,Z&R
M%K+LNJJ?_]#K]?%RU!HZTX'(%BI$==#,0%7&I%!J8RXN[%IU]2[KR;[+JV5N
MLI6M.GHZ:4_N$B51%B+2G\N@IK]<YDK#5KE1?N)BR.*U<RR/_'WO^:KOVXG]
MUOA0Y3[T;]5W6HYED?\`C[W_`#5=^W#NM\*#[T;]5W6HYED?^/O?\U7?MP[K
M?"@^]&_5=UJ6IC2U8OTMSL]<K4K#J/!UE#E1YJ@VEEJV.5MLVAU]]_5MK=7H
MIT]%.D17(B3+*$^FDO8+G.N.:5SE5>]]<K2G8EG/```!:[3K^2\Y^RZ'LF9"
M+,:\'+H+VY[/>>PF9Y5$2BB```"T&DSWC/7L4X]NQP1IK=IM=BEW<-LB<):S
M2KXDE(```$\:;/>VQ?<GSLA6-$QNG=!:7-;X61V931IJ8\Q^H'XVY6[]OPZR
M3LDKPVU4/E]]?,WMZF+7<0B))6``9R/^GJ/4<F[MNP\NQ)E3.ALA:R[+JJG_
MT>O.3^3;3?[(8?\`Z6*!)E=XNSVH4E_V2'Q4JN*LB><D```%NXAY5YWZZ4?O
MD;$5]J9DTG02_P`'-;2YVE1!*.?```"UVG7\EYS]ET/9,R$68UX.707MSV>\
M]A,SRJ(E%$```%H-)GO&>O8IQ[=C@C36[3:[%+NX;9$X2UFE7Q)*0```)XTV
M>]MB^Y/G9"L:)C=.Z"TN:WPLCLRFC34QYC]0/QMRMW[?AUDG9)7AMJH?+[Z^
M9O;U,6NXA$22L``SD?\`3U'J.3=VW8>78DRIG0V0M9=EU53_TNO.3^3;3?[(
M8?\`Z6*!)E=XNSVH4E_V2'Q4JN*LB><D```%NXAY5YWZZ4?OD;$5]J9DTG02
M_P`'-;2YVE1!*.?```"UVG7\EYS]ET/9,R$68UX.707MSV>\]A,SRJ(E%$``
M`%H-)GO&>O8IQ[=C@C36[3:[%+NX;9$X2UFE7Q)*0```)XTV>]MB^Y/G9"L:
M)C=.Z"TN:WPLCLRFC34QYC]0/QMRMW[?AUDG9)7AMJH?+[Z^9O;U,6NXA$22
ML``SD?\`3U'J.3=VW8>78DRIG0V0M9=EU53_T^O.3^3;3?[(8?\`Z6*!)E=X
MNSVH4E_V2'Q4JN*LB><D```%NXAY5YWZZ4?OD;$5]J9DTG02_P`'-;2YVE1!
M*.?```"UVG7\EYS]ET/9,R$68UX.707MSV>\]A,SRJ(E%$```%H-)GO&>O8I
MQ[=C@C36[3:[%+NX;9$X2UFE7Q)*0```)XTV>]MB^Y/G9"L:)C=.Z"TN:WPL
MCLRFC34QYC]0/QMRMW[?AUDG9)7AMJH?+[Z^9O;U,6NXA$22L``SD?\`3U'J
M.3=VW8>78DRIG0V0M9=EU53_U.O.3^3;3?[(8?\`Z6*!)E=XNSVH4E_V2'Q4
MJN*LB><D```%NXAY5YWZZ4?OD;$5]J9DTG02_P`'-;2YVE1!*.?```"UVG7\
MEYS]ET/9,R$68UX.707MSV>\]A,SRJ(E%$```%H-)GO&>O8IQ[=C@C36[3:[
M%+NX;9$X2UFE7Q)*0```)XTV>]MB^Y/G9"L:)C=.Z"TN:WPLCLRFC34QYC]0
M/QMRMW[?AUDG9)7AMJH?+[Z^9O;U,6NXA$22L``SD?\`3U'J.3=VW8>78DRI
MG0V0M9=EU53_U>O.3^3;3?[(8?\`Z6*!)E=XNSVH4E_V2'Q4JN*LB><D```%
MNXAY5YWZZ4?OD;$5]J9DTG02_P`'-;2YVE1!*.?```"UVG7\EYS]ET/9,R$6
M8UX.707MSV>\]A,SRJ(E%$```%H-)GO&>O8IQ[=C@C36[3:[%+NX;9$X2UFE
M7Q)*0```)XTV>]MB^Y/G9"L:)C=.Z"TN:WPLCLRFC34QYC]0/QMRMW[?AUDG
M9)7AMJH?+[Z^9O;U,6NXA$22L``SD?\`3U'J.3=VW8>78DRIG0V0M9=EU53_
MUNO.3^3;3?[(8?\`Z6*!)E=XNSVH4E_V2'Q4JN*LB><D```%NXAY5YWZZ4?O
MD;$5]J9DTG02_P`'-;2YVE1!*.?```"UVG7\EYS]ET/9,R$68UX.707MSV>\
M]A,SRJ(E%$```%H-)GO&>O8IQ[=C@C36[3:[%+NX;9$X2UFE7Q)*0```)XTV
M>]MB^Y/G9"L:)C=.Z"TN:WPLCLRFC34QYC]0/QMRMW[?AUDG9)7AMJH?+[Z^
M9O;U,6NXA$22L``SD?\`3U'J.3=VW8>78DRIG0V0M9=EU53_U^T!VTS2ET@4
M5QI3-;PEB<*2L:"/$V0>*&.9*&.,QC`TDKG`RWJK32VTSH-OV1=3#*=;HM_0
M/<-[H:]YN.@CS<K!G(:0XU/=1U.!:,-"IS\I6#,^G&0XHBYLG19.?)$G1)UJ
MU?:XH(3&"#+$=I!:*/,5]K"_+Y!D"7.2PE$PLY26RUR5UN+N4D7[.ANWS47F
M*_V.1Y8G6F@C`W&4N.D$3C#3,7-2ZY3>YJBP\:Y'1AN:Y2RX[I(CY8^2E4EQ
M^[+80;:@94IZ%):E<[U5KLFM,O3WEK+4KS47F,^Q2/+$ZTT'JH#AIPR!,(ZR
MH,E2=#'IACU+D:..*EK@BB6V,2UOC"]"Y2B&(6A2EC#&['2`Y&@57NQYRQ:V
MJ;;$^RLJ=1YJ+S&/8Y'EB=::"XK?IKF39!73'J;.3M5@=U-ZI7<9`8E<OH;>
M8C-KLE%.J79;UD-GT5+K]'3_`'_1K6*]7I$P=Y"6R0EV2KY1.]]IRTKAP_3F
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M]R:6H2F]UJM@42/-M()(<4]E4E]FQH29LW,SIK6E_P!/5^CZ/I\/C/>K56C`
M29>[Y>69'9#[U$1*%I7+BP<Y`>2]*K[`XR9($F95*JPE16C@XRY/!X-#(XVD
MHEK@L?)9*;V)_5-3798AHE*JG;EQIB]4G+NL+)O-4D>_-1>8B^QR/+$ZTT%?
MTD*D*UIC[];)I@V-<\<$<5Q_9(&^*M+RKR!2:P['+[%YRR4AJQ9!TK%,I,K(
MO5E\4,,(9%9F[V7&(BE3S47F,^Q2/+$ZTT'MF/$_&I-CN'%Y.FG'97(YG$)=
M>DCD'5,T#D4*)R:G.2WN!S:B52!-(WK$;X6UF%IDQMZ%+12J*1W&D)S7FHO,
M/8I'E?UIH+@P+3!+<<O"E[C^<GB]:J;3FHVCA`XDI)W4]4C5WUML+HGNH;M4
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MN<M#DHI<JJM'_'%2I1`_0[%DM\E3'S/(5R^&Q:79#E)2*18^<D#-#H`D95,W
MC9SNBQF:A-SC%39$A*6QBRM6PB]47UWNE+A[]\G>1G4NDU?Z'<?BC_C3\I^L
MCT0P"/*&!`=D3)5[CDY[E+5@TG;1I67/D\(<'8F3KGY+'\2R"21102SMA;BC
M0HFU^6K"%I)="[#[%1:9[Y.\C.I=(_T.X_%'_&GY2R23_2VQRBQM?E,G.>1J
MI+\<K9A5%?7$%R+<%\2/<CTU)51);%-A1&INMM<=\X=2G0=M:D_KC"WW.+]&
M=2Z3+?\`!;D:M*.CTT*FNGU2CPG_T._@`5XSGX.<7QGXH^(7'^+27PT\//''
MB_'>7CN/[GX*_;>+<I[WU-Y^NX=OVP^IWP#*$6NORJ<??]KXG<T<TN^Z\M_,
MYQ[F#B4\YI\'.5OXAP_B''.-<E_8.CIWW]38`,)Z_"?RZ\[RSP6YRXKL&+F3
M<O'#PPZ.0(#RONG'O\H=]\-.7^&[E]?PK8[#ZKK@%I+5`8(7SWX6>']/&+F/
MDSF^!;+E?Q(XMS?SDR>'V[^%?XMWGGGA^Z[/ZK?MAT_K=0#*$+NWRM<35<Q^
M(O$>&V;7F7YC^CF+PZ1;CN7&?LWS">&^QW'=_P#,'=?1_P!?I`83[B'RL<PQ
MG@7/?$.+D;#F7YA>6N</$B:<+\2N=/PAXD>)_$>'<T_QWB&Y[K]/#0&$N:!@
M@O/GA+P"'^+W-_#?$)CY0Y(\6..<_<-?.7]CX._B;K['>=WVWV3?=AT?:MU`
MRA$;A\K/''OB7B+QK@R?K[;YC^C;<R8LWCD;_D_$SGGEGBO+_P"*./\`3OWV
M[?`&$_>,_)1SGBG@OAGXL<V/O('%]OXV<Z\K9"YHYMYD_P`T./\`!.8.(\R_
M7;_U]O\`;]B`PER0,'D,@\L\@S?G3B')W*$EYLX3S#Q3EG@JWCW#>4OQ5Q#A
M>UV/#/XAM.C=OKNH`*JL/RJ=6`[AXG;IO,&Y8YA^9O@NZ\S-OA1S=S5_".3^
M;NKRES#_``??M[X7]9O@&<)C$WR@<H+]EXD<M;K_`!G>OF=XAR3RRV='']]_
M$/@7RUL.C?/P7U>OT?6;4!A+V`8``U],/R9^$L;X7XP^%W+CEP#BGS?;;P\X
M(W\T;;CWXG\).';EQ[>OPYO>Z\0^U;`#.$]JI^5+FEYVG.?./-COPC=O'[CW
M-/$9[S7X$;G]M_WW,/'.0_LVY;QO_P!E`82>/\I/`S_\;P)\)_\`Y?+_`(2<
1G_\`WN#<G?\`%V'^T!@__]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>20
<FILENAME>g36434g46z58.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g46z58.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0R44&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@`````````````!>P```8X````&`&<`-``V
M`'H`-0`X`````0`````````````````````````!``````````````&.```!
M>P`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"?@````!````<````&L`
M``%0``",<```"=P`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!K`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#T?]D8^YSO5OW.:YKOTKHAW\F=K7-CV/\`I_\`@B;]CX^TCU;]6N:#
MZKM`Z9[^[;.ZO?\`S:N6V,J87O,-"Q\CJC+BYOK,K8W1S`]L@\19JB!:#*FU
MD8.$XN]7(L83,1:6EI)F1M/G^>I?9<6VUUE>5:'63N:VTQJ=WM8[=L]W[BS!
M=C@:6U@<_2;Q]Z<V4Q)L9'&KF\\^*/"MXSV=K%Q&8K"QCGO#B#-CBXZ-;7IN
M_P"+1UCXV;94`6.]2H_FS(C^0]:E=]3ZO6#H8!+B=(CZ6[^J@12X2!2(=N1C
MT_SUK*_ZS@/RKG>I?61KWNJQ[FT5-,%Y(#W??_--]WM_PBS&VT/<-CVO<[B#
M)//_`)%R<,?<L<LM;"_%[!G4<"PPS(K)\-P5@$$2-05Q1`/.J/BYF3ANG'?M
M;,FLZL/]G_R")Q]B@9NX^QZ])5.G]1JSJBYHV6,_G*SK$\>[\YKE;49%:%E!
M!%A222227__0]!ZA>;+O3!]E?_5=S_95"ZBAL/KQVWOC<8:&D/G=M<YW\IK7
M;T9SMSW./+B3]YE"R&"60QUWMD[#M+28]FI;N_KI[$391#%H+2_[$P/`@-(:
M2=-NW=_5&U0&/0`2WI[&G]V&`F"3X;%+T6D!WHW$\07\08_./T47U+0-*'D`
M3`+9T_-Y^DBI:IQ;MI9CFJMD@1`:UHG;L#?^H0\[(>VLXS3[;8=:/$`^P(['
MN<2'5NKC@F"#_FJAEF<FSR('W`(QW62.C7NKJV,>VL7VN)]5A:`0!]!P>[^<
MW;5$>HW5N/#B=8+1SKN_%3N96:JR/TKRX[ZX(V"=K7!_^$W-_P`Q"%9#]XH?
MH#M!=W^!/M3EK,.N+PTTD#\YQ(TG_JD2"J_HB`!CO]H`$OU@`-U]ZFVFLL&Z
MMS.3M+C/X.10VL7*?AY#,AL^WZ;?WF'Z;5U[2'`.:9!$@^2XEK&M;M:('S/Y
M5UG2GE_3L=QY#`W_`#?9_P!]4>0;%EPG<?5MI))*-F?_T>YM;LM>S]UQ`^$^
MW_HH.1IL#6OM#A)]+0M((.UT[5I]1QB?T[!,"+`/#]]9=\>V?5,@@>E/D??'
M]7VIX.C$111[7.V_H\AN@$[_``+A[_=_)^G_`"TF,WG5F16(F39&O[NCDS3)
MVG[4V"6R[C4[=^[_`*C_`(-6N-/#1%"EG9K2W(<>SP'#[MO\%HJIFW8!8]EF
M0QF32?969U[O8Z!]+_1_RT8[K9;-*T`5-<PFQ[]P=6T$%L:-]Q]C]ZK>DT-`
M]&X\@G=KKIN@%&+VO;%1]0G2&N`*@VD/:0\6U\:&R?N+4]8"L:V1'HVPV0()
M'BZ6P?SOS$[=U0,56.+SP2"`3V'\G^6I.H:XD[[!(@PXCP_\BD:&EQ=O>)[!
MQC[D%6SGV[B"W22#R%U^!2:<*BIPAS6-#AYQ[O\`I+GNB]-^T7[G;CCU&7[B
M2"1JVIL_RO=8NI3,AZ,V&.Y^Q2222C97_]+U54<CIP<2Z@AI/+#]'^S^ZKR2
M0-((!W<9V)E-YK)^$'\BIY&9BXSS7?8&6MU=7!<X2-PEK`?S5M]3S6X&!=E'
M4L;[&^+S[:V_Y[EPF.Y[LD.=D>B]Y<7Y+Y.I!<YSMON_2.]JE@.*R6#++@(`
MW/=OY?6GN!9B-=6#S:X>[^PW\S^NLO4<S)\9E61E999)R0W\X-/((']53&3F
M3#<MI+B3IX_G?F*0"M@P$\6Y+3U!G@CCL5:Q\HDBNTS.C7]Y/`<@7/<^PE[Q
M80`T/'!#0&,C1OT6C:AD`B#J#R$5H-'1W6=.Z@\PW'LG^4-H^]^U7\3ZO7/(
M=EN%;/W&&7'XO^BW^RC_`%8Z@[+Z?Z-CBZ[%/IN)Y+3K2_\`S?T?_6UL*&4Y
M`D;-N&.)`EO;"JJNFMM530QC1#6C@*:22C9E))))*?_3]522224X7UP<1TZE
MO9U[9^3;'?\`5!<K36+;6UFQE(=/Z2T[6"`7>YVOAM77?6NAUO22]HG[/8VT
MC^2)K>?[++-RY&BKUKFU;V5;I_26NV,$`N][_=M^BI\?RM/./UGT"2H':TCT
M3,$M>1,D?1=*0D@ZT0[0@QV'TOQ2J^C(KI=/=\Z2`(^DG8QTANRDP0-SCIQQ
MN']9/8V#["TP6UN,:N:)Y0D?:X\5TB-29T@_F_\`04+FD.+_`&`$QMK.D^3?
MW4D%VOJ<]PSLEGYKJFN(\VN@?]6NL7,?4VAV_*R2/;#:FGQ(FRS_`*JM=.H,
MGS%N8/YL?522228RJ22224__U/54DDDE,;*V6UNKL&YCP6N:>""(<%P/4^FW
M=,RCCV2ZMTFBT_GM'_HRO_"+T!`S,/&S:#1DL%E9UC@@_O,</<QZ?"?"?!CR
MX^,=B-G@7!@:'14Z&B0)DD[?^G])1]1D_P`TPCPU6WF?5'+K<785C;Z^0RSV
MO_J[@/3?_P"!+//0NL@[3AOGR+"/OWJ82B>K4..8/RG[+:@?7(/I-^&L)Z*+
MLJ]F/CLW6V:-:-!I])[OW6-^D]:F+]5>J7$&\LQ63KN.]\>3*_T?_@JZ7IO2
M</IM9;CM)>[Z=K]7N^+OW?Y#/8FRR`;:E?##*1U'"&?3L&OI^'7BL.[8/<^(
M+G$[GO\`[3E:224!-ZML``4.BDDDDDJ22224_P#_U?54DDDE*22224I))))2
MDDDDE*22224I))))2DDDDE/_V3A"24T$(0``````50````$!````#P!!`&0`
M;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<````!,`00!D`&\`8@!E`"``4`!H
M`&\`=`!O`',`:`!O`'``(``V`"X`,`````$`.$))300&```````'``@``0`!
M`0#_[@`.061O8F4`9$`````!_]L`A``!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`@("`@("`@("`@(#`P,#`P,#`P,#`0$!
M`0$!`0$!`0$"`@$"`@,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P/_P``1"`%[`8X#`1$``A$!`Q$!_]T`!``R_\0`
MO``!``$$`P$!``````````````8$!0<(`PD*`@$!`0`!!0$!````````````
M```#`0($!08'"!```00"`0,#`P,"!`0$!`<`!`$"`P4`!@<1$A,A%`@Q(A5!
M%@DR(U%A)!=Q@4(SD6)R)7/4)E93@S24E388$0`!`P,"`P4%!@()`P0!!0$!
M`!$"(0,$,1)!405A<2(3!H&1H3(4L<'10E(C\`?A8G*"DJ*R,Q7QPB320U-4
MPX.3-"5%%O_:``P#`0`"$0,1`#\`]&=-S+,[DWYG_F^7]9AWO2=Y^4-3QU3G
M_.SEFIY(IQ-?XL.)U>NUWX9L$CXNM:RJ624@,YY2SP]BGQQ^X&C5**[DL6A\
MF<\<>'\"5AU_RQH,?*&I_`7;I8KWY&[WSU#R81M7\A7PPXVY2O1;+?;8J_XT
M[]&Y3EJ;:E":M3<5^U*Q>U0W)(2BV@XXY<`,NH[+:OD+S0)\L"=\^2U7OW!.
MI2&\C5VFZUJE;RP1K%=;?'9P4M;K7'ND4%#3':SM`(-?:[E:.JX'VELV\]L4
M3V46H>G?('D(CB[D34D^3>M3GUXOQQL[;FNK^3_(G)7QOVF2VVS:&[*-R3R^
M/0#\X_`G;.8!:Z&NN:V&<BGUJ9@OXCV[B)FS%5NS^/O68>+_`)`5&\@:4/\`
M(CGKD+@G@T/1^87:3O?_`/I2"+7=^Y4U_E_8*@^MHOE3JXVG3<TZ[Q5H<%4[
M3DL)8B]L#).(N`+<BNGEA*A'95:R;[\I?FSQ_P`?<^\M;;M_(A6J3_'K@OCS
M::F&M+U_;^&^3N0=`+M.)OD(!KX-;7&:21OE\Z.KW2J@%";6V5^`2Z(4>K*9
MA58+?OYNW&[<.D\=BQ?(42LK[RT^1.\&:OR?SWN?Q7I]J=<;!J%QJ%/H_P`C
M*H38J6NW3A:K.*91:1?=]'M())<\X\8M5VC%05X+(O(W+:W.D?""\Y+Y#Y$X
M;X$Y:TM=FY>WW8MB;PKN:[:5Q/2[%QQQ_P`K;SITM`G$KMG,L;8VSEJ;"B:Z
M_I!:N$I(3'!%U5&UYK#C^6=$L+C7:_F7Y7<T<;?'B+@>78OC]RYM&^2\'[1S
M1OJ<Q\P:_M5O8;-3UVMMY)N>/^.M<T8S4J@IA$>UU.RR61U19R/5P]%5N0JM
M8HN5_E=9ZIRIR_R&G*M#NO'5E\'G;;LU;SGO/']-PV_<N*/C?L/+3['XKK85
MW&.VPRS[9;6-O4V,'N(WFSB1N;)!%(TJT6WOPAY0#W'F;E83<.4=0OM]$^1W
MSDU2KUX_YS<K;/R7'1:)\K.9-6T^@(^%UH'#QAIU'K'&^NBP`EA$SS,J@AC4
MC:\J58BH5B?<_D]R=POSWS1Q9O&R<BVFJ?$W8N>?FW=V<=B>R3D[@S?>/@8?
MCGP!'9R.E.MX+;GSEO9*:HK&I*Q%XV$A[DA=&,\C!G6.>&OE+S;Q#_M-PY\O
M.4-OT+>]/^4/#^X[UNO,MUK^AP;=P[SU\=.<+^[KC[!-DLJ&7CS5?D]H>STU
M3#)82L$JJVDA?V/\+%*I`X+8#Y/_`"E2AKOGF'IW/`(=KR+\']0MOA(FN[Z!
M([?>7;^B^2FI#S_'HBOL9(=KWJ;D,?6QYV4KR#!R7USYFL9*.]Y4`THHSIW,
M<DG,GR[;?<TT]7N^E\E?)2GX]$B^77+^W\M:V%0\:DD:S!IG\>8=;-QMR?%1
M>28NN$268HV2/S10N)CB3"<EFC^.3E>^W2[Y=TJYY`KN4DU/4N';UN\<>?(V
MQ^4/"]^?M$G(XMAL.N[IN%2#R5QOONTQ:\.5>Z)8$&U5`.P">K>V,XA9"'@N
MTS*JU,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F
M$3")A$PB81,(F$3"+__0]_&$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,
M(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$
MPB81,(F$3"+_T??QA$PB81,(F$3")A$PB816\NVJ@%5#K.O"5$5RH68,,J(B
M-<JJDTC.B(UR*O\`DJ9=&$Y?+`GN"CE=M0^>Y$=Y`5M_=^I__=&N_P#\U6__
M`#.7^1>_^&7N*L^JQ?\`[-O_`!#\54#[)KQ;NT6^I27=4;VCV@,SNJ]51.D<
M[EZJB90VKL?FMR'L*K'(L2I&_`GL(_%7EKD<B.:J.:Y$<US5145%3JBHJ>BH
MJ9&IE^X1,(F$3")A$PB81,(F$3")A$PB81,(N`@H82)9RR(!86JB.F(ECAB1
M5^B+)(YK$5?^.5$3(M$$E6RE&`W3D`.VBB$_)7'(LGB)W_21Y41'+'/M5%#(
MC7?1>R0]KNB_IZ9.,/+D'&+<(_LR_!8LNH]/B6EGV0>V<?Q7&WE'C-SD:WD7
M17.<J-:UNW:^KG.5>B(B)8=555ROT69_]2[_`(9?@K?^3Z:?_P#0L?\`[D?Q
M4JK[>JMHUEJK.OLXF_U25YHQD;?5S?5XTDC4^YJI_P`47(9VYP+3@0>T,LJW
M=M70]JY&0["#]BN&6*1,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81?_
MTO?QA$PB81,(F$7XJHB*JJB(B*JJJ]$1$]5557Z(F$6(-KYOT76%D'B.=?V+
M%5JATJQDQ1O3TZ$6#GM"CZ.14<C'R2-5/5F9MG`R+K$QVQYG\-5JLKK.%C/$
M3WW.4:^\Z?:>Q:^7_P`CMRL5DCHQ*W7QU5?'(D26=@UOJB(Z<QOLE]/\!T7K
M^N;*WTNQ%C<)D?</A7XK17_4&7<<68QMQ]Y]YI\%B.UW?<+MSEM-FNBVNZ]8
M7V!+!4[DZ.[!(GQBQ]R?7M8G7,V&/8M_):B/9]ZU5W,R[W^[D3/M+>[11955
M5ZKZJOJJK]57)EC)A$PBN=?=7%2]'U5M95KT5'(X`XH-W<B]47J/+'ZHJY9*
MW"=)P![PZDMWKMHO:NRB>PD?8LGT?.W(M*K&RVD-V.Q4_P!/<BQD.5/H[_60
M>V/<Y4_5TKD14^GUZXESI^-<=H;3V?AHME9ZUGV6!NB<>4@_Q#'XK.^L?)#6
MK%T8^RUQ6OSN5&J7`JV=;U]$[I%BCC.@[E7Z)%*B(GJ[-?=Z7=BYM2$ART/X
M+=8_J#'N-'(MFW+F*C\1[CWK8"MM*VY#BL*DX2Q"F3K&4'/&1"Y4Z=S>^-SD
M;(SKT<U>CFKZ*B+FME"4)&,XD2[5O;=RW=@)VIB4#Q!=5^6J],(F$3")A$PB
M81,(H'OG)V@\95R6>\[15Z_`]KW#0E3+)8G>-%5[:ZK&;/9'N;TZ*D,3^B_7
MIF5BX65F3V8UF4SV:#O.@]I6#G=2P>FV_,S<F-N/!]3W1#D^P+0KD+^0X$=\
MX7&&EOL%:CFQ7VX3/%%5Z)T1\5!62J5/`Y?5KI#!W]$]6(J^G3XGI.1`EFY#
M?U85/^(T^![UPW4/7\(F4.F8>[^M<H/\(J1WR'<M/=N^6//>X/E]SO\`9T8L
MG5&`ZFV+6XH6.7JK&%UC8;61/TZR$2.Z>G7-_8Z%TO'`;%$I<Y>+X&GP7(Y?
MJGKN63NSY0CRAX/B/%[R5@2SN+>[(<9<VEC;%N5SG%69Q)Y#G/5%>KIRI99%
M5RIZ^OKFUA;MVQMMP$8\@&^Q:.[>NWI;[UV4Y<Y$D^\JW9<HTPBYH")Q96$"
MSS#3QJJQS02/AE8JM5JJR2-S7M56N5%Z+]%RA`D&D'"K&4HD2C(B7,+,&K?(
M;FW3G0_@^2]J;!`K/$%:6+[^N8UGHD;*^]2Q#CC5/14:QJ?\\P+_`$GIN0_F
MX<'/$#:??%BMMC=?ZSB$>1U&ZPX2.X>Z3CX+;'0OY"]M`?"+R+J%5L(B*C)+
M77))*2V8Q&IUFE!)>;6'3*Y/Z6*$WHO^7KHLKTI8D#+$R)0ERE4>\,1\5U6#
MZ^R[9$>H8D;D/U0\,O<7!]FU;[<8_(SB3EI81M7V>&"[E3_^LWK6U%^CD1'.
M9`)/(Z"R5C7=7*)*0U/7JOHN<OF](S\%S?LDV_U1K'W\/:`NZZ;ZAZ5U5HXV
M2!>/Y)>&7N-#_=)6<LUJW281,(F$3")A$PB81,(F$3")A$PB81,(F$7_T_?Q
MA$PB81,(L>[WR7K6@C=;.=2K.6/O#I@W,>=.B]4;++U7L$%5R+UDDZ=>B]J/
M5.W,G'Q;N0?`&AQ)T_I6!F]1Q\&/[DGN'2(U/X#M/L=:4[QRWMF\/E@(*6KI
MG*J,I:Z1\8[V?1$.F3MFL'*G151_]ON3JUC<WV/AV<=B`]SF?NY+D,SJF5F$
MQE+;9_2-/;S]M.Q8OS+6M3")A$PB81,(F$3")A%(-=VK8-4-0Z@M"JZ;JU96
M1/ZC$M8O5(RQ7]PY4?\`D]KNGU3HOKD5VS;O1VW(`C^-%/CY-_%GOL7#$_`]
MXT/M6X''G/M1L+H*K:FP45N_LCB.1ZMISY5].BOE575LSU^C9'.C5?H]%5&Y
MI<GIT[3SLO*'+B/Q75X'7+5_;:R6A=Y_E/X>VG;P6Q"*BIU3U1?5%3Z*F:Q;
MY,(F$3")A%;[:VJZ*M-N+JP"J:JN@>4?8V!,0@08\:=7S$$SO9%%&W_%53U]
M,OA;G=G&W;@93)8`5)4=V[:L6YWKUP0M1#DDL`.TE=97./SSF=(;K?"D#8XF
MJ\>;?;03ODE7KT637*8N/LB9Z?:0:QSG(J](&]&R+V/3?3`:-[J)K^@'_41]
M@]_!>;];]<%YX_1A30W9#_1$_;(?W>*ZW+R_N]FLR;K8K>QO+8Q_>596IA!Q
MDR^O1'D$R22*QB+T:WKVM3T1$3.PM6K=F`MV;8C;&@`8+SN_?O9-R5[(NRG=
M.ID23[RK1EZB3")A$PB81,(F$3"+[CD?$]DL3WQR1O;)')&Y6/8]BHYCV/:J
M.:]KDZHJ>J+@@$$$40$@@@U6ZW"OS9W_`(^>)2[TXKD#4F*R+R&$(NUU4"?;
MW`6T[O\`W2.-J]?`:KE=T1K)HFYSG4?3F+E[KF,UJ_V?*>\<.\>XKLNC>L\_
M`,;.<]_%[3XXCLD?F[I=P(7;7Q[R5I?*5!%L>DW8UP`[L83$WK"?6$N;W*%:
M`2]I()3.B^CV]KT3N8YS%1R\+EX>1A739R;9C+AR(Y@\1_!7JN!U'#ZG8&1A
M7A.WQY@\I#4'^`X4[S%6<F$3")A$PB81,(F$3")A$PB81,(F$7__U/?QA$PB
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M\*4,<-`8'/$4*5$R<<B![989X96H^.6*1BJU['M7JBIF@(,28R#$+L8RC.,9
MPD#$AP0N?**Y,(H3R#R'J?%^L&[;N5FRMJ0U;$Q$;Y3+`R5'>WKJP1JI(8<1
MV+VL;Z-:USWJV-KG-R<7$OYMZ-C'ANN'W`<R>`_Z:K"S^H8O3,:>5F7-MH>\
MG@`.)/\`2:`E=('/?R/W+G&V?&5)-1Z4&0LE+J0Q#G#L[/MC/N)6)&EI:N3J
MJ.<WQP(Y6Q-;U<Y_I'2^D8_3;8,0)9)%9?<.0^WBO%^N^H<SK5TB1,,,'PP!
MIWR_5+X#AQ?77-LN?3")A$PB81,(F$3")A$PB81,(IYQUR5N/%>QC[1I=M+6
M6$7;&3`O66OM`^]KY*^U"5S8S`I5;ZM7HYB]',<QZ-<F-EX>/G639R+>Z'Q!
MY@\#_!HL[I_4<OI>1')P[IC<&HX2'*0XC^`Q7=YP!\B=4YTI%43QTVY5@S)-
MAU66;OE@:K_%^1JIGMC6PJ)9.GWHG?`Y[62HBJQS_-^J=)O],N>+Q8\CX9?<
M>1^W4<6]GZ#Z@Q>MV?#X,R(\<.7;'G'[-#P?8?-2N@3")A$PB81,(F$3")A$
MPB81,(F$7__5]_&$3"+`7-'*Z:>*[7J&9CME.AZS3M5'?A`YF+VSJB+Z6$[5
MZPM7^AO]Q?\`I1VQP</SSYMP?M#XG\.?N6CZOU/Z2/D6#_Y$AK^D<^\\/?R?
MKRW;;JO1]2V[?-DE)2DU#7+[;KZ>")YAB5>OUA=S:2PP(Y)"B?:"2*UG7J]_
MIU]<W\B(1E(_*!]BXZ$97;D8#YY$#VDK7V?Y:Z"'XP;#4^3:[:C"="CJ-',U
M<*/9KT/DPG80=.MZ?LNY*$JML#M4L(9%4YDPCQ_[\<;98%EB^H@*&,MU*-6K
MM]BR1A7#43@85<O0;6<&C\1PKPXJZ0?*+0#&1`U]#R)9;J_8MHU@CC.OTPTK
M?*ZQTH'7+3:R+(".9:@.DI*W<:>5]BX[V,KK4.&&64@F&%]1?@:`'<Y#-6C/
M]H]ZM^DN!R91%M@=STJ[=KEC1GH>`7W3?)S2-LV`+7=$UOD+>R9].U'>;(F@
MUJ$0?6:3==GW[3JF':!]GM-=MJ>[$V+C"\&/KWC*97S`21SQLDZ,P+\9$",2
M:`Z:.2*OW%)8ER$3.Y.,1N(J=2`"69P0T@QT+T7%5?*+1+#2MCY-.U[?]=XT
MUJDO+V??+S7164EF-0W/X(@6E$J[:TV$ZQ,L&O:+#[%CIDC7IT56HZ@OQ,3/
M:1`#5E66)<%R-H2B;I(#`U#AZT;XKG(^3>C"15H9&N<CQ;C;;4=IU?QS)II4
M>YEW-;JD6]'/#BE(9K]C4P:A.PU#AK"8.17>UCD>:CADKYT:4.YV9JZ/]G\.
MJ#$N%SOAL`?<]&=N]WHS/QTJN1ORAXIG`,.`GVBSFA?QX+64@6G[!^Y]BM.4
M:2;8=1I*762@AKQ;>6H%FG.A*@%_%0C3RFJ/$//)&\^W5GX<.>E/X;BGTEX$
M`@#YJN&&TL23HSZ<^#N%0#?+3AM^U\>Z+:6=YK&X\C[;MN@56N[3KUC1V%-O
M6FTFO['9:IM"%,0>FLK*FVNMGJI%DD$MXSQG!S3-)'65Y]O="!)$B2*\QP/O
M#<^"J<*_LNW``81B"X+N"2''.H+\0Q?0JJ7Y4\.,GX5%(NK(:?GVZV.CX\CF
MI3>LY6KG14]F1<NB9+'2U[MA.`K89IE1DI]F)$GK,BH\^W^W7YR6]G\?%4^C
MO_\`D':/VP#*O.M.='/<"I65SGH(>B[CR+,19IK6B[CL.BW\K:V1QD=_K&YN
MT.UC%$1_>2*S8&JUDJ*B/B^_IT],KYL!"4_R@M[BRL&/<-R%H`;Y1!'<0_V*
M(6ORGXNIR=U0J+<9:?1)]_J[C:P]2M#-6EV;B_5K3<MXU(2U@8_QWM-049DB
M>ZC&#*E&?"//+-VL6AOVQNU8/5J.`Y"O&'>D+;;=TF8/5I%@>XDCM'$+CI/E
MEPQL=C\;:JGNK(L[Y64>Q[#Q+"RG*19Z_4],DWF^3957I^VBPJF"2)82/[CC
M(I(4171R*T+]LFR`:W!3V!_8JRPK\1E2E$-9($J\RP;G7X+93)EB)A$PBSSP
MWRQ-IYL5!>$/DU8V7M8^15<M&5,]/]5$J]50"1RJL\:?TJOD;ZHY'Z[.PQ?B
M;EL?NCX_T\EN^D]4.),6+TGQB?\`">?=S'M'%][6/9(QLD;FOC>UKV/8Y',>
MQR(YKFN:JHYKD7JBIZ*F<]HNU!!`(-%'-PV[7]#UJWVW:+".MHZ01Q9I4GW.
MZ(J,A''B3[R#"YWMBAB;U?)*]K43JN38^/=RKUNQ8B]V18#^.`U)Y+&R\NQ@
MXUW*R;FVQ`.3]PYDF@'$KH5YXYRV3G';Y;NS=,!KX#I!]7UI)UD%I@7=B.D?
MVHQA%J>L:/)G5.KG=&-Z1LC:WT_IG3;/3<<6X,;I^:7$G\!P'MU)7AO7.MY'
M6LLWKCQL1I"#TB/OD=2?9H`%H8#S\.3?!@3Z+LPNOV7*M_P[7[7[_5YQ)=LH
M#+X":6:G9=LOXZ@DK7"&LEC'ED8BL?)&V+R21R1S@9B)LR$#=-L2<?,'&CNU
M#P^"BETLQM2D,J!NBQ&Z8M)]LA$ZMM=I"C@<`78&-U?REI2N*0^8[73K6DT^
MVIM`N:F4G9]$F(6#D<^F`H7;!(W9(ZW3Q!%O893RK,@8<2)DG5SGM1CHX]2@
M<89<K1%HB)%8_G(`>K1UJ20`II]$N1SI=/AD1ED1E,'PS_\`;!,MOA>9.TB(
MB"26X55TD^1+WOJAJWC#<+&P-U#;]W,#2VT@6(;7],M*6K-L*VY(V=NO["#;
MNOH)ZX@0M\$X[NLCX7H]C+OK_E$<:9D82EK'2)`<%V(+@@@L1R5@Z32Y*>;;
M$!<A`%IEY3!(!&W=$C:1($.#H"&)N&E_(&KY`V"RK=:UH^2@JB]:&+V>TO-8
MIVI%L_&FE\J"&PZ\=:Q[%**-KN]!MF7VZ*TADS414C5RW6<Z-^<HV[9V`BI(
M&L(ST)?20X:NK,CI4\6U"=Z\/-D)-$1D?EN3M$;@-KF4"U=&YJY:WS)9[>"!
M;4'$_($U-LE!)LNDW)RZN#7;+5,GKD&>4]-@()U,F[K;)MA7Q6D0TA`C7(](
M26N&;=;RY78QE#&GLE%XFC$4[?"X+AV<<C167NGPQY3MW<ZUYD)[9@;B8FKM
MX?$Q&V1B['1XU4FXEY$FY4TFHWE-6M-5K=@%&L:46W.IS3#*PL>.:$R1*8TZ
M$55<]6+&]Z/16]>G147),6^<FS"]Y9C&0<.VGL=0Y^(,')N8WGQG.!8D`@`C
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MZ(#Y=2>Q86?F1PL>5XUGI$<S^`U*ZWK&Q-MSR[.Q(D+..GD)*(E7J^6:5RN<
M[HB(UK4Z]&M1$:UJ(B(B(B9U$8QA&,(AH@+S^Y<G=G*Y<D\Y%R5C3E;2Y>2.
M+N2>.X+".IFWW0=QTN&UE'<7%62[3KMC1QV$@C)AWE1AO.218TD8KT;T1R=>
MJ4N1WPG!]01[U6S<\J]:NL^V0/N+K7J^^&W'UE1ZC6`SW+;&MW'B_8-QV78=
MOY#V[:=IH^,H[Q:S51-KV/<;':=?IX"]A+G#&%-8('*5.]D/=-(YT)QH$1`U
M<$ER26X.[A94<ZY&4R0&,9``"(`,FJP#$T#TJK3K'Q4V3B[;[/>.)=ZH*JT7
M9^29*>HW76K[<*=VA<IC<9VUYKUO8)N59M96Q4W(/'[[,&S<?,Q0390)!NU1
MY@T;!A(RMR`+G4/0MVN[AW]G=6>9"]`6[ULD-&H(!>.YB*,Q!8AM0[ZO7<5?
M#K5=#Y$/Y&V<^NWZ^+U74F161="M.0%R4/S7\AN=^0MXJQH+,P:KKMMW;GAT
M@=:BS?C8:]D:SD=4<B&/&,S.52P][RD3[3)4O9T[EH6H`QBYXOX=L(1'L$*G
MB^@48XZ^)>W:#H^W:,!=<0AR;%1[/5?O)G&9NPVUNE[M$FQ)6[SK6U;)8ZML
M^KV0TSP+4..,28D5[O;D"R]DK+88\H1E%XU!JW;Q!+$<U?=S87;D+AC.A!;<
MP#!J$!P>(-:\"HP/\&K`;23]-]_PT=IUAN[MLAX2N.+KVXX4U:-FM`4@,O'@
MUGOIFZ\;;15W`3[08V@L:ROA]Y..VN21R&I3Z8[3'P[7?:U!3A5P>-/=Q5YZ
M@#<%QI[Q%MXD!(U?Q>%I`BC$$T=^"E.K?#S:M193W0?+R7?(>FW7%6T:;MNU
M:W:WHC[W0>+=UX@V&':*T_<B+ZWJ-KT?D.V"@<^X?8UWEAGD+-G@<Z:Z./*+
M'S'F&()'($5KQ!/%63SH3W1-AK4A($`M24A(-1@08@Z,>07S>_"AG(>QV^W<
MI;J)<7^Y#\B3[85J>OD:LVDO=BI>%Z/CBUXXD*N[T_7[/BAG"P%@(>3.663>
M/<8WVT:1"0T.-OD93E4N[4U9F[F]]4CG^5&,+-MHQVLY=P#(RW4#[MQ!%`U*
MZK%@W\=^S6.E)5;9SU;$;MK7%FL:3QSL^N:Q54]11[?K?(UES,F^W6OEI9RV
M$MARK#16$@0A8+&PZ^-&V1%57)8,21BTKIW"+"G%W=N]O<ICU.`N;H8P\LS)
MD"2208[6!I^5PY!^8K-4WQPY3-T3E'C`W=]`;J7(W(6Y<B1G"ZKL2;%56&W<
MELY'?7/DFV9U86&$0Z05'I#&][.UWHJ*BR>3<,;D#(;9$G0O4OS6.,JR+EF\
M+<M\8B.H:D=O)1'D3X47V^[IOFV-WC2->L=QK>6*<S<==XZ-UOD7:]6Y$T#<
M].U[C[E*PUG;Z;3N0=9X[,VL:<$P^EFM)A*0")TC3&2V4M)XQG*<MP!(-6J0
M00QJQ`?D]!WJ2WGQMV[</+D1$Q+&3Q!B03*+@F)DU0"SD\**HX\^#O[!Y;U;
MDB+?8[&MTCE<O>=0UN6DDC9KFJWW%?R#I-OU"L);9.CADV'F#Y%VVQ/)\71H
M`H@'C5((Y6H8VRY&>^@DX[FDX]\B?@J7>H>99G:-MC*#$OJ1*!!]D8"/>YXK
ML!S+6M3")A$PBW$^/O([CH4T6YG5Q0D4DNOD2OZNG#B3OFJU<Y>YT@;$5\/U
M_LHYOHD;>NDZEB[3]1`4.O?S76="ZAO'T5V7B`\)YCE[.'9W+KY^9'/\O)VW
M2:/K9JNT/33I8N^"3K#L6QP)(,7;.<Q59,$!W/@#Z=4<U9)454E:C>N]/]*&
M%8&3>C_Y5P?X8Z@=YU/L'!<!ZOZ\>I99PL>?_@V9<-)S%#+N%1'VGC32K.B7
M&K7,/XSZ'7W8>V@#`![N)R[>\K+NPU!4C[44FQVMT9:Z@5>C10VL^OD5E[*"
MK'3JUT#6=['(G:N`.G6(S%V(`O"Z9[F&ZI),7U9BRV\NLY4[<K$I$XQQXVMF
MX[?"`!/;IN>(EIJK'H_QM-T30*WC^FWL&N#HM<U37ZRYHN/:"ENK*+480@Q4
MWF5##0MWK;JM'E'LQ"88VDM*E>Q\,O9(RRST\V;$;$+P`C&(!$0"=OZOU`BA
M!U?@5)D]8CE94\NYBDRE.4B)3D0-[D[*`P(+&)!HP!!#A<>K?$/BVGM!+/8J
M;6MU'@%WIKM9NM'U;]EAV&^W>LW-D7K>JJ"15ZR,.FM-C;!`URS/*(FFDDFF
MD>ZEOI6-"0E<A&8:5#$;7D02T68:<.9)J56_U_-N6Y0LW)VR\/$)RWD0$@!*
M3O+YM3HP```"EH7!D-7R5MV_`6>LO&W39JC8[2JMN/:>UM`V5O'^G\=3TU)M
M#SH#*VJ-I=.C?XTA>D<I,W1'-=VY,,,1R+M^,HM.0)!B":1C!@7H&C\2L>74
MS/#L8LX3W6X&((F0"\YW',68D&?/0!7K0.)C]%GUP7_<7;;O5=(UXK5M,U,K
MV`(`E1-^.B`79B*T<>;<++7*VL8%6D$HSPC/D?,V<IZDY=8Q963;'GR-J$=L
M8T`:C.WS$`,">&KFJCRL^.4+TOI+<;]R8E.0<DFK[7^02)>0&I9FB-JF''&E
M"\<Z)JFB!&D60FJ4H5*.>5''$07$%&D;9YHXNL3)'HG54;Z9+CV1CV+5B)<1
MB`_<H,S)EF95_*E$"5R1+#@ZFN3+&3")A$PB81,(F$3")A%E;AGEB]X:WNKW
M&E5\\$3D#OJGRK'#>44\L;CJV5W1S62*D;9()%1WB(C8_HY$5JX/4<&UU#%G
MCW*'6)_3+@?QYAUM.C]5O]'SK679K'24>$HG4?>#P(!7H*U79Z;<]<I=KUXM
MIU+?5X]E7D-5O<L)#$<L4S&N=X2AI.L<T:KW12L<QW16JF>5W[-S'O7+%V+7
M(EC_`!RY<PO>L7)LYF/9RL>>ZS<B"#W_`'C0C@:*_P"1*=,(F$3")A$PB81,
M(F$3")A%_]?W\81=>G-&[NW';R(AIN^EH72UE6C%ZQS/8]$./3U5'*61'T:Y
M/188V?KUZ]+@X_D602/W)5/W#V?:N$ZOF?5Y4A$_LPH/O/M/P`6(LS5JDPBD
M]AI>UU50-?6-#8AU!?C6$Z:!6Q*DR(L#I6]5D';.BIV+(UJ/ZITZ]<AC?LSF
M;<;@,QP63<P\FU:C?N6)"T>+?PS]J@XUM7&6%E5C$ME/I_9_DAD;(CA?R$+B
M`^]SF-C?YX6JY.U7=/UZ+DK@DCB%CF)`!(H5Q/O*J&B?LI1C0:.*I=>$'V,<
MU<P.J8&I\IAT1T8Y`#1Q$5\K9F,?$B*CT:J*B'#;GHJ[3NV`/)V5VRJM3"*G
M,+'`$*.+E2`0(><LJ9R.<V$<:)TT\JM8USU2.-BKT1%7T]$RAI4JH!)`&J!E
MCGB"G"2I.(:/`6+,U'-;,.3$V:"5&O:UZ))&]%Z*B+Z^J8%:A"""0=549545
MBAV>@GKUM66@K:YM[/K"ES.</%^?'V:339*M%(;$KBG;1$H3$1%26941BN1S
M56W<&=Z.WQ;[5=LD"VVK/[&=_=55E3;5UY7CVE42TP`KR^`EC9&-D\$T@\O1
MLK(Y$[)H7-]43Z?X94$$.-%243$D$55QRJHF$5NBMJZ:V-HHB6OMJZNJ[8T-
M&2(^"NNB;@.K)<]6)"YI9-`8Q$:Y7(L"]R(BM5:.'(XJNT[1)O"2WN;\0KCE
M51,(L;\F[J5IU(UU29.%>V;Y!JXD69\!0<:-3WIT,L;FRQOBBD1C7-5'-?(B
MI]%S.P,49-[QQ>U&I?0\A_'):WJ>;+#L?M3,;\J`BA',_=WE:89TZXQ,(LY:
M/\<>8.1=0,WC4]4DL:`92FC2O.!%+N'@.<PUE*"3/&38J-(QS.K&]))6NBC5
M\C7,36Y/5\#$OQQK]]KI;@2`^CG@_P!E31;K"]/=6ZAB3S<7%W6`[5`,FUV@
MERVG::!S1:U;-LPFK)5-,"MC2;FV=2UX-37R'&RGQU5K=2M?"UT:0Q15]*0]
MSWJU$5J-_J<B+G7+L;8@X)W%@U>!/V`K5V;$KQN`2C$1BY,BP9P/M(532;#5
M;!616U=/)[61Q$;V&C$UI@LX9Q588*<`?$.8$2)9`S02,E8UR2Q.3],K"Y&<
M1*)I[NRH/;16W+4[4S"8\787!<`@@BA<$%4:;?K[9;B(NPCK$H1(3[:>V1:L
M0,(FVOJ0<N4L[P#(/.=K97:[NZ+&UC_Z9&*M/-@\P9-M#EZ<2/N*N^GNM;,8
M;MQ8-4DM$LP[)#^`JL'8Z2PJ2;V"P&;3B$7(Q-B1(T4.%U!9'5-I-(1.L<31
M1S*Z7^ZJ^-S&]Z*K51<J+D)1,Q+P!Z]Q8_8K96;D9BT8'S"!34^(`CVL114\
M>WZM*02-'L-.^02CK]E(<AX_@CU^TF.'`N/=+(@KZ\F:NF1)6O5J=J*JHCFJ
MZGFVR2/,%`#KP+L>ZBN./?`$C:DQD8Z?F#.&U>HHKE%<5,Y)0<%I73%@CP%&
MBQ&C2$ABE1K*,25`R591QR(D5S'O1&O:G5%5,N$XDD"0<*PVY@1D8':2P+:M
MJRIF[+KCZY+=E_2OJ5)4)+1MJ"ZN4Q"?9J(AJ3J,I*&)XO'W=_D^WIW>F4\R
MWMW;QM?5PRKY-[?Y?E2\QG9B[:NVNE5:#^0-,K#G5QVQ5@Q,)0XI?F)9%``\
MJAM-F&EL"I%:,&-/2T\\S97O2-4:B=>KFHMLK]J)VRN!_LH37V`J2.+D3COC
M:)B0X[6D(T'&I`92V*6*>*.>"2.:&:-DL,T3VR12Q2-1\<D<C%5DD<C%145%
M5%1>J9*""'&B@(()!#$+DPJ)A$PB81,(F$79;\`^8WBV-EPU=F.<-9>ZO=*2
M5W5L!\$4A-_40JO5S8S!(E,C8G1C7PSN_JE]>/\`5/3]T(=0MQJ&C/N_*?8:
M>T<EZ-Z$ZOMN7.CWI^&3RM]^LH^T>(#LEQ*[4LXA>GIA$PB81,(F$3")A$PB
M81,(O__0]U?+VUKJ6C6ID$GCL;!J4]8J*B.:4>U[9)F?X/%#9+*U>BIWL1%^
MN9>%9\[(A$CPBI[A_2M=U7)^EPKLXG]R7A'>?P#E=<F=.N`3"+Z8Y6.:]$:J
MM<CD1[4>U5:J+T<UR*US5Z>J+Z+E%44+K9C=^>J_:M))U\:B*&M;6`>"QD)<
M.^M$2.6&>5X*MD>00YSX>D?>R)8^J.ZJK>BZK'Z=*S?%PW`8#3G[5T.9UNWD
MX<K$;)%R0`+LPXTXGLT9:%C_`+CH.2-H)9I6P75+MKM0;!L-2?IS*VH0$2:M
M/?;BW.U4]]VA*])G>T"+<^'_`+:/D_MYLO$)R.TD%N7XK1^&5J`\P"47H7KW
M,"/>0M5#OC_NA@,U*3I0MG8VW$O[/N;ZYGT2UUSW#/C]-H*1UULOX_DD*X*W
M-L0Y->2RTUB2N;[^-(;"1ZM@-J1#;:[6X?I;OU]G'59HR;8.[S&B)N`'?YWT
M^5FXTD]-%,7<+['/O1VP!:]L5,ILLAM&0.1PY34.L:NO$K]2J=!*;5Z[=;VC
MZ2TD<$ZJ`L/P*M5;*(Y)E49UWERW$@$>Z@9FY^ZG%U'Y\?+$3(%M?F))W.3J
M!75R'X-Q69..>+_V$==-HJRGU8"TXVXWI?\`V841L3MTUYV\PWMV8!"R&$\]
MXEK6M<7+W2F,@:Q[U;$WI)"&TE@PVCWU_H4%V]Y@CN))$Y&O(LP^![E+'ZWM
MSM?VJNM=L;L\]M16%?61/HZ^C8*40$7`CGRAR2>5L[YF(O=Z,1O5/JN7;9;9
M`R=PK-T-T"(,`>;K6)>%-_#VDV\&!MS]E8-(33;"MMQY3:E$$-P\[4*K5+&Q
MK]>_WE0>+8U=!("%8B`K%*ZUC.A,5PV0>7,%Z[O8VC-SU_%W67Y]HP$20(<0
MTB?F<G7;IQ()X,U50:UPILE2:8\_C<FYT".^T*_.XZM0^$JAFS$5FG<G4-R\
M73-+;4<>NFKMBNZ`Z)+D\PM\5=%)^0EE$$%@"T02\/`X+4K0\!3EKRU59Y$"
M`UUKK$;O&6K$BI>6@D*`:Z5)631^)C(^"J71[#1*<R>HY+J]RAT:,BHN00J0
M+GB/?F55>;>RB5A)06HJZ&-TTD22/16*Y.Y<O\O]H1,!\SM_>?[%$;P.1*X+
MAK!GJ*[-KT[5&I_CIU"U,6#5M8B:1Y$Y)9$@D+=JC7GGBCD%L&P+'$U=G%36
M=?NF>(KRQ=I4@W;XR9&NM\DM$;1V]OB!]M'5PRJS)F?ZO9X)1IRJ1]O!?>V\
M.['8S[2#KNEUP.QFOY.F9RDXRAKV;#K&T<;[;K&FZ$Z0&:7:ZV#5[.[IQFAN
M$_%-%H&&ME4ES($2MD[A&-:U[""`.=*=E$A?B!`SN$P\/AK0B0)/*K&KN\FT
M5#O<IL5W^^^4-"C%T0[=ZH<?1-MO-#)GL1Q^,]@KTNKJ4[8_]LZPFMNIIVQ!
MG72CD#*A$<JV"#A*D[[YQ\#Z%N7N^/QHJVVV^79N?N;=0#^H4%-VG$#LT<JU
M\;<-&WVK\?[J;I]2#>1:G\;9J"6TDE+OM8$TSEW;=YV<`&RN1(;X'KINS,A5
M9&CDFMD=`0Q%[F)2%LF,9;:M'X$D_`JMV^(SN6Q,[=TWY%X@#2FH]G!;SYE+
M7IA%I9RCL+M@VT_QR=P54YU6&B+U8J#/<TJ9O3[7><OO5')]6(WZ]$SJ,"SY
M.-!QXY5/MT^"XOJF1]1EW&/@AX1[-?>?@RQWF:M<F$6[W#WS4O.*.,HN/_V8
M#?DTS;%NL7$MK*!"(RP+(/\`%;U\8)#[)@AIDCFK%.,Y\72-5:J>1><ZAZ=M
M9V8<KZ@P$FW!G=@U"]'`X@UKV+M.D>LKW2^FC`^CC<E!]DMS,Y)\08NQ)T(<
M4[5UO<K4&P;N1K%B`P<TVJW8K:+6.;<=ET*0J(S5-PI9E$N]0KK"Q:1^0V&)
MZP=D<+XFOZN16M:[=7K)E&Q&V*0EINE&FV4=0">(7,XV3&$\J=Z1W7(,^R,Z
M[XRK&1`X&NH*Q.+QEOE/5%TM97ZO)#?UU)7$/(VNZGAUP:KY*W7;IX$-+UR6
MUV22/7]M8/`3*V*8HT97$>-LBRI`,>_")A&,6D`/F-&G*6K.:28'B17FLLYN
M+<N1NSG-XDGY1XB;<(Z"31\47(#@`T=F5Z9QGLM==OV&)E'<()LR[#!1RV)8
MC+*--NYLO(89IY:J<:$VM@Y+`,%[V21K95ZM5\*-C*2[Z>Y&?F>$M)V?7Q7#
MRX;P1VCAJH_K+,[?E$RB\-NY@6\-D<]#Y<@?ZLM#6*N(7'EP%Q05J'XO71K9
M^U76SBU5%:GA4U4EARB=OU>/2V\E,/+%8THI,?MI)*]HBGPM[X/;*YF71L3&
M,;6V(EN)8$L'F9!BVHX49^#*R67;EG1R-\S;V"),@"2UL0+A]"=1N?::%ZJ-
M5_$U\2C_`-P5FM$D6<NA6!QDJ5JRL?I?.5SR;*/8QU>O50)=M:U-O%++(,-"
M+);#2*J-8]DN1QQ9GYXQ<[3P_+<,ZL`'(/`-N'M4T\ZU'_:G,`;P!7\]D6Z/
M(D`$$`$D[2.T*E/X<VNS_?%4:<$95W@7,C:N6P,I_9RKRE)8N%IRP:[1`[UU
M8-$>R,]IEG80N]@(]D4[T9[.DL2[+SHR(,9"XSM^=Z,(NU:N3H*'A6/4+$/I
MIQB1.)M.P+_MM4$S,7+>%HQ/BE4?FN^VTQ6F["5N"4M9?`6>T6L\%(\2Y>"-
M%;<=:7JC+8N>HUG8/87,$NJ$@QHX=T<]=9S1,E4B2,2>Z[`VKAN[!*)D:5XP
MC%Z`L?"1IH2'>ALL7(Y%H8_F2A*,!5P]+DY,'E%QX@=:2B"0P,A8^+^*[8&O
MXG.MM=HJMU!KW%EG9#OC<TP"TUWB#9=&*IX!2`/=1ETME;CK"^5S%;`CTZMD
M9V.LQL:48XIE;B-L8$]A$#%M.!(]BDS<ZW*6=&W=E+=.Z`>!$KL9@N[,0"[<
M>PK/>E44VL:O44$_M>ZK@E&C8#W^SA&0F=X@XK7PCK'`,*]D;6(QK6(WM:G1
M$S.LP-NW&!:G):S)NB]?N70[2+UUTJ_>5*<D4"81,(F$3")A%(-4V6TTW9:+
M:Z298+77K4*V!DZN1BSA3LF2*9&JBO'(:U8Y&?1\;E:OHJY%?LPR+-VQ<#PG
M$@^W^**?%R;N'DV,JS)KMN0D/9]QT/8O1]J6RUVY:OKVV5#U?6['3U]R'U7J
M]D%@+&2V&5.B=L\'D[)&JB*U[51414SR*_9GCWKMBX/'"1!]A7T-B9-O,QL?
M*M']NY`2'M#^\<5(<B60F$3")A$PB81,(F$3")A%_]'V5_)>_4F\H]<BD58J
MP"2R*:W^GW=C(L43'IU]7PBB(Y/3T2;Z^J]-YTJVUNY=(J2WL'\?!<EZBO[K
MUG'!I&+GO/X`?%:R9MESB81,(F$4'M>1],U^6QCV/8*?7E`N/P<*6EU2,FM#
MVZ[6;/-%7`C615DLX]59I(\>:&`M(HW$>%170SRV&<0[D"O]*D%JY)ML27#Z
M'FWV^SAK1!>3..CKFOUX#>=3/N[7P)75@-_6&EEO+HF[0#%%&*3*JSV.LN_)
M"QKT>2`UY$2/A8][6^!(`D'_`(/V50VKHB9&W(1'9VM]M.^BY*+DCC[9U&;K
MN[ZI=..-;6@LK;^L+D/.?5FWL(P$<)+GFR$T5<0=%XD>DP4+R&=T+5>E1.$M
M)`I*U=@^ZW(>SV?;3OHJ9>4^-D/"K$WO4WFV$"$AQ17M=,R:!R'.B?[B(AXT
M?N$JREB1SVK,@LW8CO%)VTWP<#<'3R;K$^7)AV*STG-7&UYK5?N,&U4@NKVX
M="947)EY0H/9+L-9-;!AP0"VI1T5C"*+,LL$T44B>"56(]D3W-H+L"!+<-OX
MJZ5B[&9AL.\.X8\**^Q<F<=$6M=1C;SJ95O;>P_'5XE_6%DEK;5GYNH;&P<F
M7[KFGZE!HO12QT62'O8BJE=\'`W!U;Y5T`R-N6T=G*A]QH>2G&7J-,(F$3")
MA$PB811_:K;\%KES;(J-D#`G>.J].GNY&^$1%Z_HXJ1B+DV/;\Z_:M\"?AQ^
M"Q\N]Y&->N\8Q+=_#XK0E55RJYRJJJJJJJO555?5555]555SKUP2_,(F$3"+
M'O(G(E=QW7AF'5UK92V+;]`H:\$V<=)J#4[[;96V%@.(2-5PD#4+XF23=/O?
MW(BL9(K8+]^-B(,HDDOH.43*IX:+*Q,2>7.48SB`-KN1^:48T#@FLGI]X7TS
ME#3'SA"*9;Q'6-S74(-:1J>W"VI1]K66ER!)#5DT45B^JGK*,V93_%[%C0I^
MZ9JPR(U]39<!SN)``VR=R"11G9@:Z4-:)]%D-*6V.T1,B=T2``0#7<SN0-OS
M5%*A5%;R/I]LQTH=F2D*OI4'G,I;VL'LHMCM8J6D-I2+.L$AO:NRLB(HXRPW
M3B])8WK(C)&.=6.1:E42I3@0[E@SBH)XAPJ3Q,BW24`]=#$MM#D%B=I`X%C0
MT<+@O.4-'UT(NQM;B>,&O&V$VS*#I;ZUBJ0-4L":K8+&X=4U9WXBMK#PYF/(
M)\4#O!(YCG-C>YM)Y-FV#*4_"'>A+")8DL*`'B56WA9-Z480M^(F(#F(<R#Q
M`<AR010.:CFFO\C45Y8OIW,L*^U2]VRA'B*J;IE:<3JEO95Y$86PRUD%`8<2
M#7.,02(AY#(4D^UR02N:AD0G+942W2&A;PDC5F>CL[^XI=Q+MJ`N.##;&5"'
M&X`UB^X!RSD,[<PKH[===;L;-4<2<ES(4X!B?@[U:M;!M*NQ+6KL"5JZ^VR_
M!HI2#J4DRPIU1N7^=;\SRG.]VT+.SL[,[59U9]-=\DWV'EL_S1=GVOM?<ST=
MF=6/:N4-:U8?9_,XXJPU>IN+$H9E3=Q5TA51JTVX25#MD_%RT$%E+11(0D*S
MK,D3D=V+],LNY-NV+CN91!.A:@W,[,[5U4EC"O7S99A"<@!4.QEL?:^YMU'9
MGXJH_P!S=1\4\B2[`LXUG^(EJFZ3NSM@0Q:UMNCV:TW7EV"4!U>[O0M@SA%=
MU8DG>BMROU%IB?$X+-MD^CZ,[-Q9E3Z.^XI!B'??#:SM\V[:[\'?L9?B<HZ2
M^,N4>S--C#%I"I7UNN[+9ME;L@P!E&,$M?4$I96=B':031AC^4OPO[UC1K7*
ME/J;-2)$@`:`G5FT%27%!5/HLEX@P`))%91'RN"2YH`00Y8/Q5HVGF33=9UR
MRV%9K.R2OU^ZV"0,+7]EFD$@I9#@YX]DE&I"DTQJVE:0,Z2U:*V.08CJG^FG
M\=MW+LV[<KCDM$G0\.=/#4$>)M#R*DL=/R+UZ%IHAYB+F4:NQ\-1OH0?"^HY
MAYM<;7KVOJ:ES91`+7Z];;67YHB%2/7J)84N+)CHX7MGBK?<Q>9L:ND9Y6=6
M_>WK-.[;@^^3-$R]@U/L6-;L7;NWRX.\Q$?VI:#VU;N*L<7(^M(3`"202AI%
MH96HRNJ-AMQ`UBVNRU`&6YL0Z50J!+"VK)8FJ:Z"+S13-9)(V%\F6?46W`)J
M[4!/YC&I:CD<6X\E*<2\QE$#:(@U,03X1,L"7DP+T<L0X#LOFKY*U>Q6E@]Y
M+[NX#HI_*'67Q]`&7L->/8U=:7M+::&D!..A*A4>`N44J="!^D2*1"U](Y%N
M6P/4@<"14.`[,">#L:BE0D\.]#S#M\,3+4Q$B(EB1%W(#%R'`8UH57ZQONK[
MB]S*`TPE?Q=;=P/,H[ZFAL*:W\WX^UJ9[JLKX;FO(2!?[PCIHV=S.]6^2/NN
MMW[=WY"=`="'!T(<!QW*V]BW\</=B!XC&AB6(U!8ECV%O@5,,E6.F$7<S\!M
MV=L'$5AJA$W>7HFPDBP1JY7.92WW?;@.<J^J=;)QS&IZHC8TZ?X)Y[ZHQO*S
MXWP/#=@#[8T/PVKU_P!"YOU'2;F+(^.Q<(']F7B'QW>Y;S9S2[9,(F$3")A$
MPB81,(F$3"+_TO6ERO:.M^1-L*5Z/;%;2UT:I_3XZEK*MG9^G14$Z]4]%557
M]<ZC#ALQK([']]5Y]U.YYN?E2Y2;_#3[ECW,I8"81,(F$6*Q>.)1]]+W1UG#
M)&1M=GLC`?9N22)MAQOI>A(,A"SJWR1OU5Y"O1B=6$(SHG:KG1[/'N?C]P'W
M*8W7MBVWY6_S$_>L>`?'I(^/IM!L-C\@QUCJ!!]A7A/"*<)KG$>H<7&1BN4F
M98##$UEQ44JJ[PI*UBM=V=SK!9\&PRY?``?<I3E/=%T0J`?C(R^]E^WO#V][
M57W5D5M6N:AR`P+CL#3-CU.F+*K]<(X^L-KGDOX*VT)A=!)MM7O%G735R.FB
M!`(6)""E59%J;<I`G<!.C-P9_M<I&_;@8@0,K7B<$Z[FHXY,"_$\`K?8\!6\
M=YK<&NVT`.F:ML7$]E25T^S[P+#5ZSQHS6AFZFW3*>Q!TV]L2%H'%,OK=EB9
MTF8)X&-%#*&H;1>+'P@CB=`U&T]I^X*HR8[9F47F1)Z#63U<U&K,&''B0:W6
M.&]NU,/3[,$_6#MET\#5ZF$`]]JVDL`M=T2QT&4EMG$&XRKL;`<B$YKT"(]N
MB3!(KV3*4U&W*.T@C<&^`;^/<J3OPF;@((A(D]M2_P#1KV]BO>K\*D:[J1FM
MR;`,84=OG%N[$6,=6\2)9./X^+G6`,(2G$*,-;%\?SN&8DKF!1&,C3R)$JOK
M&TT3%^(/N;\%;/($IB>V@C(:_JW?9N]K+/V3+&3")A$PB81,(F$6'.;CU%U*
M`-J_=96HT3TZ].L`T<Q;UZ?]72>*/T_SS9]*ANR3+],3\:?BM-UNYMQ(P'YI
MCW"OVLM2\Z)<FF$3")A%`^0=(_?=6'5K9_BXX"+AT\J!>]?,+=Z=M&G%PQ-]
MV(T<B,;9WS1R+Y&H^)$5CD<O2&_9\Z(CN;7XQ,?O65BY/TTY3V;G`XM43C,<
M#QBWMU7.;I0INXU^XO-(837_`(?L#;'&L$GX>KY$JX^Z1?[B>:/D.9[NGT49
MB)Z.=E39!NQNO4-\!(?]WP5L<@QQYX^T,7KWFV?_`,8]ZAB<4V/XL`!^U#23
MZP!K=3HQ#M<5L--7:SLNN[+"V]$BO(UV$NVGU*NA-DADK8W1#_V(QW/<Y8?I
MI;8Q\T/$`1IH`0:UJ^T/II1ED?70WREY!:9D9^+4RC*/A.WP@;I$/NJ:DLH!
MN?&/(8>LWM#I]FZUN-[UW?*'9=C>!2CBQ3[?LFU;'7/CK#;VN770M9*W<Z,,
MN%+\CVRJA(9DK8Y'07L:^+<X6I/.<9`EA^8R(HX9MQ8^(MJ"5EX^;B2O6KN1
M#;;M3A*,7/Y(QB:B)W&0@'!V!_EE$.%G(72A1?P7::0_\%NNV;K%UCC3SE;9
M^]/<!2=/Z1Q/WI+V.3[G>!O7ZKF:+(&RORSE+_%N_P#4M9+(,O-\(\5N,/\`
M#LK[=GQ40*XD87R/6<ARVE9,73;!+?5KR];8?L(\1>HV.GF:[%LQEM,^OUEP
MEN05$*"*&J&]DDKYV^9DT)Q0<B-\R#B3BCGY3%G>@J2P`KJ]7R(Y^W$GB"$M
MLH;2TFC28F);0*R<`/(FE`U&^=GXC_<NQ7=P^["KQKZHM*DYP6NQC[+,)9:@
M=JC*@S91K0:*WU<"4YUG`":"1)%9?>PAL?;$U<Q?,N3GO`$@0:5K$Q9WJ`[@
M$&O'@EG/\FS;M^628R!#R\+B8DXB06D6VD@AXT(>JJMPXKBVFR+LOR-?(P]\
M*F4>R4*[+JY/@K%KH""Z)+:H@L#@OZQU*=.-%Y).L#WK')%6[C"Y(RW"O`AQ
MHVCA^QW'9RICYQLPC#8::&,MLM7I)BP/%F)I74&UA<(U06F!:HIH-J^JL-7L
MZPB_UP"TJ$*U?1Z+0(66.M).*`>*?0TSTEC:^'Q2DK)`Z%\<+F6C#B+(M."Q
M!#@$4B(U&A<#XT:BOEU&<LB5_:8B0D#MD0?%.4Z2J01(]K@,7!*^)^&YH]>M
MM?I-CK=='V?6K+5MF;3Z94UX*5UC;[5==^IU-<4`%KI0I.Z'L;*2EF^:-S'D
M+,4DA,HXA\N5N%P1$HD%H@4)D?"`P'S'5^URY(=0!NV[MRR9F$Q*+S)+@1'B
M)!,@T(Z;6J`T6`FF\<>UF\SZP0<64"_7;L>QE4.(1ZW=.R<4T_4K12H)T?KM
MW8U@,QD+419E"C:J]O5%EO6(WC;))&TOWCC$]A(#]RQ\;+GC"\(Q!WQ:KT-0
M)!OS`&0!X.5&+#B/W-I3605T$,^KO+FY0LO78R]@`2\WLC=[(75]B$M*LRAC
MM%*4(Z.9IXAHT,/D'^QZ2QRQ7E"0F*2)TJ'EN+%PSZ'4$-3G-#/:%R$K9(E$
M!A)HG;#8#*)!$FUBVTQ)+'1JBJXLDIQZJF%V%':R+/I%E:5\U0QUM8W6A5^O
M`4Y8UU'8105X)'[2KI"1W!D/>L+VLFC;)T;6.-L$8"?[8VDAJDQ``J]!X0X8
M]ZI/-%PSN2M?O$3`+T`F9$@AJGQ28N-0X+*4ZUI0NM?@/`:03^`TJJTJ'RQQ
ML]P+5>#QFR=G])$O@3JU/M3KZ9+;LBWL8_+`1]RAO9,KWFO$#=<,_:>"FN2K
M&3"+?W^/38W`<H;9K+Y$8/L6G.-8U7(BRV.OV@BC,:U?ZE0"U+=Z+U1&_3]4
MY;U79W85B\!6%QO9('[P%W?H'(-OJ65C$^&Y9?VQD&^$I+N"S@5ZTF$3")A$
MPB81,(F$3")A%__3]3UF4I]E8'.=W.,.+*5R]WW*1/),KOO57^JO_557_'.P
M@-L8QY!>97);[DY\R3[RJ'+E8F$7TUJO<UC4ZN>Y&M151$57+T1.JJB)ZK^O
MIE-$UHMA]QX#(U73IMC;?,-/K88)[4%14A&5DLD44J`DK,Y[W"OE_P"MK?*U
M%5$:O1JZVQU$7KXM>6T3H?Q6^R^ARQL0Y'GO.(>0:GL/9\>S1=?-US0\?E9>
M&J@.ODVXZ2E*KB;-Y8].'0SUI=Q=V%B4UL<1MT@-:5^*IQI$.LG#3R](@@SS
M!<TW/W/+'S?Q_`''N!6JC8>SY\B=E>]]![.9T%.)`-49\AN.ZXZ[%L"3`Q:@
MK9JP>UE?3R!WM[IY[JF]URG#'N)[YM[#;0$#CP&!B*>X69XJS0L\BU\V#D/S
M^"H,:Z1$@5+4K0'0FC,W(EGJOD3GRAM"!*FBU/<]AVN=^QL+U&D;IYMA4.U4
M'3+.V2SODW"/0V]M?R#3RQ>&XF\RF)&SK+'+&QYH+`1)ERIP;M;B.*'&D`92
MG$0I4O5W:C/^4\."F9_)%/#K.I;-2UUWM<>^_B_V944@X(EO?_EJ(S:(/$W:
M;'7*RL\.MUQ)LOORA.V.!T:=9W1Q/N,QMC(!WT^WCV*P6I;YPD1';J3H*MP?
MC2C^Y6B+F"CE,KAVT&X1"$3:F!=6AE./7#:?>[O.(+K.M;0!8V(NP#7YQ=D&
MR2`8(M`V&CS$NA'F9*M/,%*%J>Q]`>*KY$F/BB]6#Z@:D<&UXAV+54:J_D+K
M]L@!`^E\APU-A0Z;M[;LVJH1:X33=]-(K]:V>PCEV9+0$8HH29'@R#)<1,B>
M]P:,:KDH+H+':68'V'0Z_P!/8KSC2B[W([@2&KJ-1I\=.U)OD+K\*.G72^0U
MK/PNV[1%<K54,%=/J6@6@]/O&S,]WLPYL06N&GB+[:6&.RLH2V35HQL,9#X:
M><-=I9B?8-3KP_Z.@QI&GF1=P&KK*H&G&O8&J11<;>>8!KG::TS4-AL*_7IJ
M`$:]H&U9,5ML&V<U[CPM1ZK%4&VHEH(:R[UJ-\UA,C*IL3IYIIAH8F.E>;60
M,2P^^1#?#N3Z8F,")@$O0\A`3)?N.FNFJYH_D/JS`R#;76MSU^&/\X(%^<%U
ML-;:_P!:WRDXNO=;!?'LY$,)X/(.Q"5C2RG#4Y2R^Y&-F!3W65\Z+.01_P!6
M;7G3EVLGTLW83B=-'H"#('3]()85X$/1?4OR%U)`S2Q:+;+):*LOKO;QZV#7
M2I-,J-9*AANCKPA-E;7E>W$)C-@@K9[`H\&1LPD1#7)U>=&M#37L3Z:;@&40
MY`&M2=&I[*L`=67P_GP`*R/I[72-M'LHMMW;7:8(";5[0S8ZO1(ZF:WV2F"C
MV$<RP62"XBD@IQHR+\EB/6`*7Q2^.GFAR#$NY'#AQ_HU[$^F)`D+D6V@G6CZ
M`T[-?E[5GW)EC)A%KGSX0O\`],"IU[?_`'4A_P#@J_Z"./IZ_5J=_P#XYN^C
MC_?EW?>N<Z_+_P#BP_M'[%KIFZ7.IA$PB[&.!/AEIW*G$`>\7NUW@E]LJ6WX
M9M,ZN6LHTKK$RJA2R%($G(M)WD@NDE8V<;I&](T5KT\F<EU3U#D8.?+&M6(F
MU!G=WDX!H7I0TH>?8O0>A>C\/J?289M_*F+]S=MVMMBQ,0X())<.:BE-:KJ^
MW6>\"OZW3M?L:L2R-(NYS+L@&6X!AI-=D$$L):J*,P"$BR-.M1&BK*]8FPND
MF6.5(_&[II3G+RHV_#*0>HT`9Z/K4?'5EQ$+5N'GSO#="!VM$L\B[58^%HDT
MJ:!P[J/:IN!Y&P6VD["@Y5]4FW4<-Q5A.KZNSK:JIX_N?<3`$65B37'LCY%&
M&5C99XYWB33HL+9&0-I:NR,Y6;E9@FHH"`(G1RQ\8'L)IHKK^/`6K>1:<6I`
M4)<@DS&K`$?MDZ!G`JQ*QY??(FB#'4>L#9%<6NFV&R:R+;VNNJ<1/'QM8<E`
MRG:N#L#MA2A2MKI1YRF-:WWL;HF*K%;/D$\^`#1'C,"0Y#_(9AP[LP9^=.U9
M=KI-V1W3E^W&X(R($F_W!;+2,=NYR"!RKV*[7?*YE)M88L]=8$ZJ$FZS;+:`
MUE1$E7!K]UHM)&68\[;4*_"TD&VS'6!,(KI7#P(L<+>R1C[YY)A=`,2;0W.6
M%&,1QEH-SDMH-%';P8W+$I"8%\[-H)-=PF6#19SM$8@EG-3H5-3N2]>K]9V/
M;)VDLIM>V`S5_<SRU8<-K<A7D&JS1`E&V0X8@S=ME?6NG/D#BC(@D>]6CHV=
MTLLBW&W<NE]D9-PJ7VTK^JE6J.55C1P[L[UFP&\R<!)JE@1NJ`'/A\31<L0!
M6BBXW.NI3`6):C'RR5=1LEE)%5%4-X-9&:Q^WO>4=#:5=S/76UO8MVRN4&-)
M(_.I21O6(B(B&&,9MHQD6-`31B[-0$%B3N#=_`@@3GIE\3A'<&E*(J)1($MS
M2D"'`&V3\F>H()I2N?\`4!C+T.,4RRGIB-DKXPJ>TU2PN3[C5+%]5;5'X--B
MBL:LF0T<AHTIK!Q94&?WRQ*\9)Z'.M`S`!)#BAB23$L0SN*NSL*:BCW1Z5D2
MC:EN`$A$N1(`"0<%]K&C.`YJ&!JU\(Y?H*^$MMI5W85K4R[0W8:2.*N-/HA=
M0U4;;K:V)42RD@*IY*VUK&#RCNEE?/;AL?'$KY?#><J$0=T2)!W%'&V.XG71
MB&;]0[6B&!=F8[)Q-N6W::@2,Y;0`XH7$G=@T)$$T>RE\OFTQ^QQ[-JLVLBT
MX6D^!M]=ZK5PJ7M1&W)(<;L<NR244-+&RB@&9ZH3^026)C)FNA<MARC"5SS+
M>T`1U,1\VZKNS4;F[ZT4D<"-R-DV;XG*1G\HD:1VT$=NY_$3RVL7%5=-<YIU
M;9AZ9X`=PTN_LM:KZBND2HD(L8MEH#-BCN`IQ;<BO)I*T&EMDG(;,ODDI2T'
M;.B0.GNMY=NX(;07D0`*5<.^K,`).?ZI9Z/9>Z=?LFX)RCMB)$FM-LA%C1W)
M,6#?GB[5;+V92P$PB81,(F$3"+:#X:V3J[Y%\?\`17^(_P#<=;.UB(JN:3JU
MTL*+U<U$8TR.)SE]51K5Z(J]$S2^H8;^DY7,;3[I#[G72^D+AM^H<#E+>#[8
M2^]EWOYYDO<$PB81,(F$3")A$PB81,(O_]3U(9V2\O3")A$PBG%MR1NM[1PZ
MY:WQ)=3"D+5@=&,R4AHZM4=IA4<+"C&PN8CD25[NKD1R]7(BICPQ;%NX;L+8
M$_XTY+,N]0S+UD8]V^3:'"E6T<ZGVK7_`&CBW6=LBV%+%UD.;?%Z]:CVX!,$
M%IK6P:FWKK6QZR1*+/&#;U!*-E:LK"()NBQ3Q2CR2POEE;C+<^I^#:$*"%Z<
M-K,P<-S!U![#_%5$9_C[IQ)&P/FL[YP5\3L-FRJ9#J4`E/L.RWS-I-V4(H?5
M8KJTM1MF1YXK+8NR"'GE5&0)&R)D=GDQ+U+'NXU?3GS=7_4S`CX0X:M:@!FU
M;2A8`]JMJ\#FA[-KMW0<E[MK[JJIY!'LK6MCT6.S/-W)_&4(L#*"?02N/QZD
M$/C]'JD-5!,A:I*CG.G+65Y32!$R->7%NQN')7?4`PE&5J)<QI5J;N.YW\7/
M[ED$WC.HDUK1];I[;8-8;QRZK=I]O3DUQ5M5_B]9L=.C;,FR5=_4VK2=:MRA
MI4,$(]9?,SLG9%*R\P&V(!(;3W-]BB%V6^Y.40=^H.AJ_!CJ.!5HBX>K8B*]
MZ[=NY`,)NJW5[5&GT9P^Y[-II8)]-M.S6!FO3[#^:0NH`67\>:`+)#7CP>%!
MF+"ZGEBGB+4]I'$J[SRQ\$7J`:T!U`JS5.H)J3JJX3B/50Z9:.*2V4)VDZ%H
M*J\R%9_P?')5N9K[_(@C6^_?+=3>XD[>V1$;VM9T7J\N+-P8#W*AOS,MQ9]Q
M/MDS_8A?$>JF4R4<LEL@3=)WW045AD*3_@^1BJ@S8'^11'-]^R6EA]O)V]L:
M*[N:_JG1Y<6;@Q'O07YB6X,^X'VQ=OM5+%PWK4-F;8Q66P,CLK&KMSZU":QP
M)5G2<M7',M08Y[ZEUC$X':=@-A1D9#(I`2%CD8^5D4T;RXN2Y_@O]JKY\V`8
M4#>^(B>/(#VKBO.$]/O@6A%S6T?A*VZP#(9)5DO#L]PY*U_EDJP8+:5-A5ER
MU>YZP',)$4/.-X6+%/%.USNHVHD,>WXE_M"1R)Q+AN'PB8_82Z!\+:P/2WU,
M39;!9?N75MCU"XL"IJ<4N>KV8@J8YXPE-2U5'63CL*\4#10X1XV1M58G/5[W
MT%J(!#FH(]Z&_/=&0`#2!&O#O)/Q5JV[@6BW$:^`.V[=`ZG8[6[L[*E#?IY5
M2Y-A$I![$6(*]T^YCCD831M)$/\`6WKIR2$$,@AE6)$K0DX,BQ[OP_I589,K
M9B1".X`5J]'Y$<ZC0T<%9TR58Z81:Q\]*OY77TZKT2O+5$Z^B*I+$543Z=51
M$_\`#-]TC_;O?VA]BYCKW^[C_P!D_:L"9MUH4PB813>BY*Y`UBBL]9UW<MCI
M=?N/+^2J*VU+$!)6>-L)+E@BE:V-Y4#4CF5G:LL:(U_<U.F8UW#Q;UV%Z]CP
ME=CH2`3_``.')9MCJ.?C6+F-CYER%B>L1(@%]?>*'F*%8IO]=%V"(+RE6%:=
M5&?D:BWJB&#V%8=[8@)TT23PE`%Q2B%R1R#E0$#2M=]\;E1JI-.V)@.2)`N"
M-1]WL+A8]J[*T9-$&,@Q!T(U["*C4$$<UCNEX2UK7ZU*^JO=T'E4ZV*EMUV%
MTM[,'?U]/6W=&ZUE%<1%3F04(G@;&L<U6@\,=?*)".-%#!##MPCMC.>IJ]:@
M`A^5!W,-K``#+N=2O79[YVK9#`-M\+Q)(+<QN+O23DS$B23]OX0TQP\-<V;8
M(:45KU%HA[F6"LB((TV;C^P+E2*)AME-8Z>3((]I<Q$,+G>X'9"4C9T?1V6$
M7EL'!Z?+M/>\:5?F&-50=2R',F@;AUDU?GW@<@TZT`)T+QHI%<Z%5F"7CJ\0
M'\K;U>UUBNNFFV%0^/<UJ%O6V%;`8(\L0E:,?K$R6)>UBM:]B/<N23L1(GM`
MW$2%:CQ,[CV!16\JY&5K?([(RB:,#X'VL6+$.:L?:N6IT"FJ]"IN/WS6)U;3
MU52`RS(.(2]*/J'#%0;&1:QR(8[8I;<5I[R^_P`KC%6555RJN(V(1LPL.3$`
M!WJXXOS>K\ZJES*N3RKF4P$Y2)9O"`7&UM-K':VC47"1QMKEE#2-OEL]B+H=
ML"W@2SMK"13)-FKX5A"/FC`:#7L'&8C%8)#!$$Q\3'-A1S47!Q[<A#>\C&6Y
MR>(XT8>QF[%49EZ!N>5MA&5LP(`IM.HJYKS))J:K]?QQ0RD'NF)NYJXZ>R,9
M0OM9F4H-A=6<=S='B#PI$0\FSLXO*ON)9V#*^5!FP-FF21]/!Y.3M+T>@)+D
M^T\]*LSE!F70(,(B8`&YJD`,`>X4H`]'=@UN7C.LL-PW?:KU(#H]NU(+1FU@
MZGBQ#T#??NO)YI8SFHMQLGNQH"9X60R(+5!L1ZK$BI;]/&5V]=G7?':U=*OQ
MU-`3RB.2O^LG''QK%IQY=PS>A\5&X:18D`O64N:^EXLIG&)<.N=GDV1IU:?'
MLTUD,3:0RU5;L=&)$..2!-1C0)0[8>(Y(PVN>TA9U7W?^HQ]-!]^^7F."[UH
M".3:2(TXOK54^MN;?+\N'DL1M:E3$GCN^:,3KP;Y:*@U[B6KU[<*?8QB9Y`]
M7U`S4M?$**LK"PDBLK=;68^_LSS2%N3JACI1:V>2-3((#CO+/,XM_2VWBQMW
M87`:1AM&I-2[DG4C0'6LG)=7W<^Y>Q[EF0&Z=P2D0`!0,T0!0&AD-"8Q8#:%
MES,I8"81,(F$3")A%GKXOO?'S_Q:Z-[V.79HV*YCE:JLE#+BE8JM5%5DD;U:
MY/HK55%]%S5]:KTK-?\`1]X6]],DCKW3&/\`[GW%>@7/+%[PF$3")A$PB81,
M(F$3")A%_]7U-&CJ&86([KU%*G'7N5JKU@E?$O56_:J]6_IZ9V$3NC$\PO,9
MQV3E'D2%2Y<K4PB81,(H?-OVI07Z:Q+;=EXXJ`-`?86;NI)+8WPQ^Y:&H?WM
ME;Z^3M3KZJF6;X[MKU5_ES,=[>%8J3D[>*[=>01#-8J+'0]>Y7X]T`:Z79T!
MV(3]]ZKQ:V'\?K`VLF"6H5?M&]LE(E,M@B?;R3>**1((&$6;Y"4WCX!(#7F!
MP;F>:G\FV;=HB9%PPE)FI0RXO2@X`_A<>*N93.3#8D71[^BI;;7G;5KEZ34;
MS""34/)KV!BW1NRZ#J5$'?V`-O`1`-6'W4$C(B5:0L<#))JPN;S\I`9QK]X'
MP=6WK`M#_<!D"Q#C7L:1+4X@<**&6'R(V,(&LG'XM-M["U$W6^%J*`K=]H*3
M5]6M!Z6HGG?J/%FPQB;-M]@^;VH$WB#AB@<LIZ2*D66^<6'@J7YF@[AJ?X*D
M&+`D_O,`PJPJ:G60H.>O8J_8OD#:4%KN8*\?OEAURLD-HX+"[L];O-LF_'T)
ML#:X?8].K-6G!66Y4<J0"ZLB:N=K&'CC.?*@Z5T@R\&GQ]X;X]ZI'&$HVSYE
M2:T<#7D7X<0'X$\;]_NINZ[7)QNW0M8?R/'7?NEU>WD*S73F:*]90(KZ7:_]
MNORT=L_8F-"6M_#*]&O2=)71(JI=OENV;!OUUHW>WP96^3;V>;YA\IV^6K\F
MW:-5W[%;*/G:VV!:VWK]$@_:!]QJM$X^?;8X-G0_<.+=<Y)J7C:ZZ@_"RAQS
M;0-73R37(SHWMEG1CF-8V2@NDL1'PN.-:@'[^:K+'$'B;GC`)TI21B:N_!]%
M&1OD;9RT;-ELM/FKG50ES<7NL5UG;R6PU'3:^%L-PMK1[?Q]I^[5^PU=2I)`
MH"UT$=EXX?`1*V?K%;YQ9S'V?]0"KCBC=L$W=@#1G)85$B&?B].5%==B^1I(
M-@>%JW'MWN,89F\-&(JAMTL5MJ[1)ZFAL9@!]1X]W*2&QLMZELZD*(SVHD[:
MB4E2VQS0-?4WF)`@3KSX=P/%Q[%2.*"`9W1'35N+GC(<&)9S5FU6S`\[21X"
M6,FC81#%.V,B&48B-LK&R-9./.UDP\S4=T<Q[4<QW5%1%3)EBFA9<V55$PB8
M1:X<^P.236"?JUS+:!?3^ES'5\C>J_KW(]>G_!<W?1S2_'N^]<YU^-<67#Q#
M[%KOFZ7.IA$PB816&[V2OU_VOOQ[XCW?F\7X35=GV;L]OXN_W7[;I[;V7=YD
M[/-X_)T=V=W8[I9.Y&#;A*O*)/V`J6W9G=W;3$-SE&/NW$/[%8;K8;:4[5JC
M6U!KR=F!M;=ECL]5:^$8*J&KI/QWX12J*S_/FR6T;T&FD'?`..4][5?#XW63
MN2)MQML#($N0>#4:A>NE*`\E);M0$;]R\YC`@-$C4O5VD-H8U#N3$<76)M1Y
MHV;:(]6M$H`65-D/QH-;H%%,77OL>0-;U6_F/J-Q(M0:]M;4KMT,<`[P)I[#
MV[TCD9)+&Q,6UEW+HMRV#:1!^3R$2XDX##=HSENU9]_IUFSY\/-/F`W&>A:$
MI18P8ESM+G<!%ZA@2C.6=XBJ]9F*KJ,JQW[7-0NZ"*GI;<R'6YK^(HJR&N(I
M;Z";98@Q86M%?"ZJ4DE6Q.2/R(]KZF]MMDQ&Z<8D,#1]7K7L^5S1/H,8SO",
MY"%J<XR<@;MK,1X?"YU?<PK5E7B\J[:0+=%S@4-5#04=?YXR0KVTLK+8[?D'
M=M`!C&I]?FM"Q.LNIQ$,K&N,,F)-0%\HSXG$+<,FZ1,F,0(Q',DDRE'0/^EV
MJ7.UPSJV6#8C*W$2E(RD=#$`1$(3-9,#\Q&Z@`&X`NRC_P#NYO,)5B:4.&L&
MG47*<EY0+KKJTK9;#7H.,SM9*A='M.Q2ZE$/'NJL)228]5@;(^6*&56Q#1_5
M7@9$@-",W#,Y&PCB=OS5U[0#02?08Q$(Q)>Y*WMEN<1$O,$A\L=WR4I&K`$B
MIR$#R'>AZ7R-L%]3H38<?`VA[81@7Z^Z\CK]4&V1H[Z4BWV0^B,DFE="D<DY
M"/A6*=KE\JQQY`OS%G(G.#RM@GD[1?1R1[SP/%8L\2U+(Q+5JXT+I`UW;7EM
MU:(D..@JXX.;/6[[R!:7`NIM&HJRWG*G[[RVUZR@&B"91.L6-73F;>^U:<P^
M)6+Y+&."066.6-ZR))"RR-Z_*0M-$2?4@\G^7<[OVZ5[%)/%Q86Y7]TI6P-!
M(:[F^?8S-_5=W!HQ-#0\P;+>ETA4>NQ04Q#^/*^UB]I.YGY#>J'6+N4T/:2;
M4$`8:G_=D,;!'@S$&N'>UDC))(V)2&5<F8'R_!X0>^0!^9P*;M&<LKKO3[-J
M-P&\]P>817A"4@QBQ-=IKN`#APP)5*_E3>VZ&5MDD6D"GT7$55RY>!DQV[:T
ML>^#V*P%UJOL9+."2N_%0:Y(R:TGBF:0^5CD$@3JB6_4WO(-TB`E&T)G5JN6
M!>C-J=>05PPL7ZJ-@&X82R#:B:.-IB#(AJONI$,WZBI[K?(=A?;I9:4ZK%BL
M-7(VC]XRPRD31U`S#ZR3CE&N6-L3B=XU:V2PZ=[D'<&1#]SFHY)[=^4[TK.T
M;HON[*C9_BB7[&(6+>Q(VL>&3O.R8CL[2Q\SV0D-O:X*ROF2L%,(F$3")A%L
MS\.P9#_D9QTUBJUHTVPG3/1O>C(Q-4O)41R=S>B2RHV/K^BO1>B_3-/Z@D(=
M(RWXB(]\@ND](P,_4/3P-`9GW0E_T7?-GF"]Q3")A$PB81,(F$3")A$PB__6
M]97)U:M3R!MP:M5B?FRS(VN^J0V;DLH$3ZJK?"6WI^JITSJL2>_&LR_J@>ZG
MW+SSJ-ORL[*@WYR??4?`J"YD+"3")A$PB810`GB[1B]EFVV>FE6Y+MJN^L/%
M<7H]/;WM&$`!1W5WK0]G%K=Y;48U4)[(DP2>81XD$D3F20Q.;9LCNW-7^.&B
ME%ZX(;-WA9M`X!U`.H!<NQJZK-?X^U+5[(BVI*R48V>`@.%9[6XLAJFO,+C/
M+JM<`L[`P#5J<DR"*20.MB%%>Z&+K&OBC[:B$8EP*_Q[E25V<P!(T]E>_F>T
MNJ*ZXMT38`*^KLZ-5`K1+>N&&`M;JG9)4;!*//?T1ZT]B`^VUZ]E#A<;7E+,
M$6L,?EB?V-Z4-N!`!%%6-ZY$DB52W(U&AKH1P.H4:W/@CCS=AMG@LZPCKML,
ML-M!);71E"YQ8(-18F#:B59OU4*ULJ,'V4QD`<1<@TLS%D5)I4?;*U"6YQK_
M`!IHKH9%VWL8_+I0/SUU9ZL[*\_[0Z(M>ZO4*]<YUR^_=<OW?>'[8ZV?5K1N
M)7=7[&[;U:M*[V?B]]X4%_LHSQ_;EWEQ9J^\O[]5;Y]QW<:,S!FUT9M:Z*00
M:+IPHB5XVMU(X"'UMDT"$1D833:>DK];JY6",Z#L:#0U(PD<:-2-L$+6]O1,
MKLCIMI_`5IN3)<S+_B7^TNK3K?%>BZFZ&2GIYWSCP-#&+NKS8-H.%KHP5K8*
M@4_9K6W,&I!0WO;""Q[1(5FE<R-KI9'/H(1CH/O^U73O7)_-+W`#VT:O;JJ*
M;ACC*37-<U"+51JW6=3HR=7HJ:C.MM?"&U@Z(&&RUDEE'85[K77+=E8/[T`M
M9Q#70,=/'(YJ*E/+@PCMH`WLY*OGW=TI[WG(N26->==".!%1P63FM:UJ-:B-
M:U$:UK41&M:B=$1$3T1$3)%"OW")A$PBPKSD"L^K@'-3JX"VB1Z_X0%CSQ.5
M%_\`CMC3_GFTZ3-LB</U1^S^"M+URWNQ;<Q^6?P(/WLM4LZ%<HF$3")A$PBA
M.\Z)4[_7"5EO-+%`&9[Z)$J]8NH'S>WG&:LM9M^O[-2R/C9.JLD]MYHUZHU[
M6N>UT-ZS&_$1F:`OH#\)`CX+)QLF>+.4[8J0VLA\82B?BWP7)2\?:90PZTP'
M6Z=Q6HT-5K5!;EUP1=Y7T],$H%>)#<S0.L&LA&>]/1Z(JR/7_J=UK"Q9@+>V
MV'A$`%J@"@KJJ7,K(NF\97I;;DC*0!(B22Y+:*[EZUKE@#^,/H*0ZM]H-7_C
MRZH$D'V`<T1`87M)H'P>T$('C?'%V]D;V-<U$5$7+C;MRCME`&+,S!F4<;UZ
M,M\;LA-W<$NYU+\ROG]K:RE=)4)KM$E3,&/72U?XBO\`QTM>)-.0*#(%[?VS
MPQB"I9(XE:K&/D<Y$17*JO+M[=GEQVLS,&;DJ^?>WBYYTO,=W<NYH2_,L%1#
M:+I(4;80].U42)DU@0R(;7JB"-L]L`RJM9VLB$8ULUG61-&(<B=TT#4C>JL1
M$R@LV106H@5X#B&/O%#V*XY.3(O+(F33\QX%QQX&HY&JN57KU!2`25=+1T]1
M63/EDFKJNL"KP)9)V-CG?(&)!$/(^:-B->JM57-1$7T3+HPA".V$`(\@&"LG
M=NW)"=RY*4QQ))/O*XJ?5M9UZ&,>@URBHQXIYB8H*>HKZR&,DB"$4@B.((>!
MC)YQAXXWO1$<YC&M551J(E(6[=L-"W&([``JW+]ZZ2;MZ4CVDGMXKX34M52Q
MK[A-9U]+>I$AKZNT2FKDL:T`9DT8X5>=[;W(8@\9,C61QN:QB2.1$1'+U>5:
MW1GY<=P#`L'`[$\^_LE;\Z?ER+D.6)YD<3VJ%[MP_J.^?CH;F)T=?6UWXB&K
M&J]6G$95K)$^4,":WUVTLM<\\4+(WS5!%>0K(XU21'PP/CAO8MJ_M$QX0&9A
MIV."1_=(/N#9&-GW\7>;9\9+N\G?F6D!+ND)#6E2\PI]6K::WV2^A<05<;46
M&1:'F>V6?VM8,HE14#J,,*V.JJ87R+!&Y'/\D\LCWO?(]RRPMQA*Y,5G(U/=
MH.X?>5!<OSN6[-HL+<`6`?4ER:DU/'N`T"DF2*%,(F$3")A%O=_'YKKK+EZ]
MOWQ=PVM:8=V2_=_:LKBPKPA6^GV_W*]AGU7_`*?1/U3F?55W9@6K3UG<'N`)
M/Q9=QZ"QS<ZM?OD>&W9/OD0!\-R[D<\^7KJ81,(F$3")A$PB81,(F$7_U_8]
M\DZ)0MJJ[Z-BI#>5G@F=T]%.JGI%(JN3Z=P4\"(B^OVKZ_HF^Z7<W69VSK$_
M`_TNN/\`4-C9DV[X%)Q^,?Z"%KCFT7/IA%]-[>YO?W=G<G?V]%=V]?N[4541
M7=/IURG=JG?HMO\`D@3B"/C+R42:ZTOP!?MV6M45;N8E9(/(A3HU0^7_`$_=
M[KW'7M7^KI(C,TN*<TY?[F[;7<^GX=S+J^H1Z4.G/8\O>PVLVY^WCIJ_VLNG
MSD"Y`BY4LY'FT%^14['Q=4/JC[ZRTWE/C^2[)KE"M^*F_B[0#>-7VN>P;&8+
M&RO_`"$PUF$0<<P>.N%V<CXS4&H[".[F#^(<Z+0VXGR10AQ(Z/$M^KD1PU:A
M`#N8B%\B-^DU>RO7BR*852T%I<5Q,W%ON>/#+;DG4='N`J\<'D*1H@FK55W8
MR%+M\U9-#9TT[I>D2S@@VB]/:2U6[*5`Y\*ZMI[!(<6WO$7HY`^;Q-$D<.+#
MY7H>XGY'YIY#CW#7R4#DGT]Z6-)MW(EC9:D:%IVL5>_AT_[@O]=U'9#=?L-C
MGL274AAU:2^KJ6C$VYK!H1WU.4\V>X?IXFE`^M"W9V:GDAL6MD@_CU$:U+.P
M)#MQ`-32(=]RR3S/8[A!O=77TF[34`)H7$K1:CVC)XGV1'R%T2KM;=B--"(*
M5:2Q]I-#U\*Q2HDB.8]6.DN&6X`284_U!16!`VR96W/BK_<);WU4$VSFWD/4
MB;B@>?(:3I\&[G5NP%1<<5#-^+H;AXU93W\6Q;+JK?94M<4(VZ_;8;CIR#A)
MH4":J"%6&[.+CB'Y5^SVMV*2&/:GMDS"34\1VN-0P.M6W%J'7493YOVK<=1N
M8[?5]D$J_P`3P7\@=G%H[8#\A1WNUZP'H9FKR6(\9U<60E5(21.L<$L<SQFS
ML:]C7O>V2[*42\3I&1]H9E#CPA..V<7>Y`.-0"[_`,=R^"^5#::[)X^,W"B?
MMB\JZOQW3O/BK(M@M*ZWXMU[<#;E*(682&8IE@382L='"P=L(RQJBJQSEH;A
M!V;ANW`?!U461*(NB!V;#(\J2(9_<L7<9;3R$S7];VPCD&>]8^K^+5;:@FUP
M9@U\3R)-KNN;78'FR3S%CF-@V!)AU">*K3QW2%*4R3PLLA*;"1F_R_'52W86
MM\X"VU;GLVN1]G%Z:,MM+'9KH*Z95#<=[C;@NE$C=LE<;Q_%2QL)\?FG?!;;
MS5[$L0'>OE1H#GN[%\39/M[L@R(+;"1SI^*PQ")CN-V(/+Q/\`WQ4QRY1IA$
MPB811;=JA;S5+RM8WOFF!DE&;TZJXH16EC-3]45\\#6]?\\R,6YY61:F=`:]
MQH5BYMGS\2_:`J8T[Q4?$+1'.M7")A$PB[3_`(S;O\9J?@.>LW8C3`KQJ7?[
MZK]D&"FN[Y932I`EKH)H5/NAOQ#X(X(A&O=#(UR=$D[GNXGK.-UFYU03QA<-
MOP[#%]L:!WX"KN3KW47IWIO-]-V>A2M9DK(O>+S1,#=*I9@SR&U@!'0]M3TN
M\S)I,MGH4FR0TL>FIR182K'N*UDM8.,[C[D1M6VRDLT_'*0R62)C7.Z=9E3M
M]53.KOB#8OU&TC?5V9]DN?;HN"Q#<W9WT8F)&WX6?<WF0Y5TU6(_S=MJC@K_
M`%8`J#CZCGWV^#`DH#)R_P#;L/8>,1=E'K!?8$W(E>*\V]M*,$*-OO`P088&
M>W5C$Q]\K33MQ/D1W%F/RO!VH[?,8@:@`"BR_+A?W6K\@<N0A$G<&\PQN&+E
MV)+0C,G0RD27=<C]SY6AO=<&M[6EUXFR%TVTCUFU-B$,LW[;MUC/;Z^/7!<<
M[':7DVI4;X*E\@AH#Q'0*><C89V2-KYV2)VQ.0B2(ECQW2+AMA)VAHT(;YI4
M*I]/@FU=-N$I@&8W`.!MB&DYN1`W%Y5$G?;&H9?E]N6[Z]4Z?96.\DCR7$N\
M69P!(FJ5=F9[*XHQ]?UW6Z\[3Y0]CG#$DD:VI6PK;BU2>5XYBNB2-B=V];C:
ME*]KN+>$'4,`-M?[+B4JL:*MK'QKMS(A#&!$=@!!D0'!W2D1-XN?S;90BP!C
M5SP/V?8=6O-UVPB^,"J-:&DO+74I0:YM4;I5/S1RR#O.R@A0T\M_/:4.HS"V
M#Y`Y54N9!V3-?[B)<IYERU.]=,R(1#F+!MHN3W$4=Q%C36CZH+-J];Q[`M`W
M)EA)RXF;-HPB2^UI2>-=`Y&A60[;9]M`XMHKJV,DU_9]C-KB"II5HJP?4XK\
M^:XAH[:XNP#J2J@HJU[*F0^<$R2>9C>P>0F>-,GE<NQQH3D=MR1'(;7+L200
M&'A=B_)RL6W9L2S;MN$=]F`+?,=VT,X`()W'Q;00PX@`K&&M\G;B:7HWY;;A
M42QM(ZB>K!(I'V&P*G*FQZO!9`#VW'^N/W&K+U@,6<TFJEI9:P96'^RGA*B8
MF/;R+I-G?=%2S!G/C(</$;@S$F.UAXF((6;>PL>,<GR\<TB[EVC^U&3%IRV$
M2)`$A,2/AW`Q*F'+V_;+K&S!"4=U'6P@`ZI;E5QA=("/=BV>VDUUK$(-/JNV
M[#LCPJT!7&1"/HX:T63SRG?W4>)+E7[ENY$0FP`B6H'>3'\LB6`JVUA4RK3'
MZ?BV;]F1NVW),@"`2Q$7#G=&,7)H3O,C01IXKWR+MMU0;QJ80^R1UE2<ZC9)
M21/IH+6Z)-VD6M)CKP+S7CG[:.HA#6%05MI5V%7&YLR1FN)A9#??NSA>M1%Q
MHEJ4<U:@(\7:Q!&M7#18EBW=QK\C9W7`]:L&B34B0VUT,HRC+1XL2<=4]WR'
M7ZQ<S5VYVURW7->UZ%\MM#KD;1[.YY-W:BW:WO+D;3[*0<O1]<J8IHXFB.A"
M6!SBQRFN[$QX3OQMS,;Q.V(U;4SD)$G:?E`Y4X@K,N6\25^V)8\8[YRTW:"W
M"4!$;Q2<BVKE_"8ZJ^5]]R)?"O&'WCM&&H^2+$+9-0BH]F_*DT<?'CJ",F]M
M^.*;6[/PF7MI$J5E:R&5D3(UF<1`0F7QG?F&%ZFV9>+%VVM4P`.IT'M<%12M
M8EJ0)QJF5L&,WBP/F;J"X9"D8GQ2<.2S$)-OVP$;#25Y>[$:]>76YTU&NC"U
M&OSN9K-KI45G^?%]]5'7,,;K1))8["::2OC(1:]\;B&K@WYFY")O;9F8&UAH
M8N^CZ\='\.JJ,6R+5V<<<3M1MF6]Y?,)MM+$#2FT`2(\8+*S<62[<-J0.S0;
MAL-LDFQ\-UQH)H=">)?CW>E\3Z_LMA8&LHVVWN05M2'J\4D9D10'69)/]0V2
MS&\T6HW!=D?%;'`N\8`DT?B="*BO%7YHL&_*R<>$?!=((,@8M.[*(`W,Q8:@
MN)4:C;;9M%HDPB81=P7\?.ENI^-=EW0B)6$;GL+1`WJG_=I]8BE%AE8Y4141
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MB81,(F$3"+1[D/7UUS:[,-D?8(1*MA7]$Z,]H8YTC8V?^4>7OB__`"\ZO"O>
M?CVY/X@&/>/QU7#]1Q_ILN[`#P$N.X_AI[%"<REA)A$PB81,(F$3"*.7$6L;
M#KRNMR*\_5[&`,J2=]BUE-9@$.AE%2<F`F,2PJ;%)&(Z)[GC%1/['M>QZM6.
M8MW+?C(-L]M"/O!]Q4ULWK5W]L$7P2-*@\>T$<]0:T*D>2*%,(F$3"*G%*%/
M%&.!)',",'A*#,%FC(%*%(C;,.2,1"Y\4X\\3T<Q[55KFJBHJHN4!$@""X*K
M*,HR,9`B0+$'4%5&55%%G:7K;[]FS/`E?;Q&.LHGOL;1P$5HZI6A=;Q4KC5I
M8[A:5SA?=H.A/MW.9W]KG(L?DV]_F;?$[ZEG9G;1VH[.RF^HO>4;.[]MFT#L
M^YG9V>K.SJ3O>V-KGO<UC&-5[WO5&M8UJ*KG.<JHC6M1.JJOHB9(H=48]LC6
MO8YKV/:CV/8J.:]KD16N:Y%5'-<B]45/14PFB^L(KC451]];5E)5#O,M+BP#
MJZX2/_N$G'D1BBP,_3NEGE:U/^.6W)QM6YW)EH1!)/8*E26K5R_=MV;47N3D
M`!S)+`+T=\=Z8#QYHVJZ37=KAM;I0JU9F-1GNRXHD?8'N:C6HDMB>^6=_HGW
MR+Z9Y%EY$LO)OY,]9R)[AP'L#!?0O3\.'3\+%PK?RVX`=YXGVES[5,\QUF)A
M$PB81,(F$3")A$PB81?_T??NYK7M<Q[4<UR*US7(CFN:Y.BM<B]45%1?5,)K
M0Z+K?Y4TM^D;<=7QQJVJ-5UC2O\`56*`1(_H-W?_`(@,J.B5%]51K7+Z.3.H
MP[_U%F,B?&*'O_I7G_4\,X>5.V!^T:Q[CP]FBQQF4M>F$3"+3#>`N;:C<N7[
M;7(+1-)M7;+-K0^JUYKMM)Y'?P-J-;K6PVCU2:&ST`>PII:^&,2-)HM@=%(1
MY!HW.'QI>:)7"/E+LVK[0Q[OO6?;./*%B,V\P,[Z;=Y<?VJO7\NE=9-LM+?Z
MSN#*>>QY9L.*)X]3M+PNFLN2=GV@C82JKDX$Z`.WUB0W<*S7O<TM(0:+5O@A
M@,D'5(XQBBVR72!$F>7ETYN]>5>6BLA*,X;@(>=5GV@-X>!H]2S\'X@+%MY=
M_)W7VT1]+4[?M3:;7=4Y3<`2(V(C9[2SK:GBDKAS9(X`HX1):^M+)W2R4;L<
MR]C1(T:*SM=&3?#$`F@/W-]Y[5-&.)+<)2C%R8]VLMP_T#L[5F'EZSY$XRU#
MCTS4[P_9K_Q#\13OM88)H;G:]]K0=<TCD&ZKX6/((GI^2`:U]@L/?$)2V5H3
M)&YL*.9+<,X1B8ESI[3H??KV.H+`M79W1.($?F[@*F([XNW,@!0O88N2:F._
MK]=.Y7MN0J^'D@!Y$D&VDZB5I8/&>UMXV(ICS@X>.S=P-V.'7)C)QG)<ONIS
MH_0)LD;+);PX&[?7FS,6['=NUWX*2'E2VF8@+1V\G?<-S_F9MS<&;BIG7VNU
M[_RD(4(WDZEX[J-@&+;'84FT:"+=2`:;&9#$6)=5M-L$VO\`[B,9Y(GM@B+*
M%6&1)1EDBEN!E.Y^80?NX?BHS&%JR0=AND<Q)J]CAV]W>MF\G6(F$3")A$PB
M81,(F$6'^8M4==T3+<.-S["B\DKF,:KGSUTO;[MB(GJKAE8DJ?7HUKT3U7-E
MTS(\J\;4CX)_;P]^GN6GZQB&_8%Z`_<M_$<?=K[UJ1G1KDDPB816&['V<CVO
M[;N*&I[/-[W\WK=AL'N.[Q>W]K[#:M9]IXNV3O[_`#^3N;T[.U>^R8N%O+G$
M=X)^R04MLV1N\ZW*7)I"/O>,G^"Q1R#)*FU<=5NP1;5=U<NL[N5L0FCK>!"$
MG@OTD<2V/U^HM2+@VLA-/?&/!&\R828J.1SO%'-,W&OD^;8C/<8[9/M<5\-2
M`7:M-6?DY6=B@>1ESM&$9[X")FQ+'>X$B&!85)8$`C4@*-T^J;M!K-I8;*NZ
M$63[?0A9Z^':+2QMFZ-7TND2WX5:X:Y>QMHZRC,_+S".]W:J-,UBS.DB[XX6
MKPMRE<W[GC1R3M`B[5U=]S5DQUHI;E_&-Z$;/EB&V9?:`-Y,]I+C1FV@TBX=
MF*_0=?Y(6SHQJZ7:A=0VJS)BM)+383_RNDZWJ.Z&[/0)%&59R6C)^1*(TBJ)
M5KF&!!^SCE[7CJUH0R-T!'<+4C5R7B(R<<7\0<'B`SZ)*[A[+AD('(@*-$-.
M4H",M`W[<@)#@3N(H59;S5MOLJ&F`OZO>[C8UU+B2"JDK;X^(`:WJ[&(O?/W
M`3#;PUKS6.'2:P>>KFVHJQCC*1*U\;;)V[LH0C.,S<VP9B6<'Q/5N]_F%`Y4
MMJ_CPNW)VIVHV?,NN\0[$-#:&=N$=ORER6#%3#C"IWH+:R2-F,M)G+4["S9F
MR5-X'4%;(1>4\M2>%96^[7=;;#/K8"_8_BJX2(8%[(2FBR,A$;+C1O"Z3<)T
M+T+.X8N9$&CMM`84+4"Q\VYC2L1%F,1XH[:Q)$6+@@0!%6W;I%Y5CN!,E%IZ
M#E*2UW9(#K]MC.O)3U_'B7=6PO7[*S)=I-;6[-9;X1K+[Y*11DKY@*T:>KG&
ME0B01)W^ZC,,G=>:4MWCT<4)\(!,F=F8@`@@NSUF%W"$,9XPV?MZD%I`#>3$
M0W;7?<)2(D"&$F\//KUO9U.Z7AE35\FD:=6W@HZ4ILNP6QO;::/'*(6-K]R=
M+<5].5?BN@Z$QQ)"9(I,B1BO4AM;<I1NS,8W/*$M*G6/(EP'I7C72J7;<)XU
MJ,YV1D2B:C:!2=1N`8G:7H[B@>5%:**OY19L?'9MJ%LHYE<_C\39&3Q[#=SO
MJY^/`@]CL+#9&[G!J#`_W@9.*77PUEH>I8J64LC8'Q$#60CD^98,HR<;7U--
MM23NV_,X(:1<;C1B+[D\(V<N,)0,3O,?E%?,)B!'9O?8`1(RC%CL`=Q+(RTE
MK7Z#Q%66X.R.KZ*HHPMQJ-:(L&6C)Q=+G`':4E`9#96%<%>(QLD(JRJL[H9G
M)XH9'MR-DHV,6,XRVQ`W`._RMPJ0_+BQT"Q/,MSRL^=N4-\I$P,F:LW_`#!@
M3'B6HXU(6-=>&VPHZV`LQ>1"MTJK[C06BL)+^V+UZB9#K&CVFQUUL2#;3541
M(`)<LMTXG^W>>?L&4F9TC6X]L73*49"YYHE!BY84B2#5J?F?YGHY69=E8C&$
MH&T,:4;AD-H$I>*8B0X=B0-C5@WB8,N/4!=JN=1UNPHAN2HK4S1%GWRQM]@M
MU*V48XW73(H=5LSKA*R39+RAC-=3'"S124\4K8B)A9W(U*6A=G:MR@+FXP\1
M)-7;0NSD/M(^70D%+\K%N_>A=-G8+O@`B&BPD/$`'VB3;XD>,AP)!2V+3+R_
M,M(XX=V&TJ2GY)BUBJL=EV.IE2>UH^,ZZE4\,JY'N(7MMA]ADKF&JWV+)5DC
M;#U@5LODSF94GY+38$D:B`#U?7<SZ=E%`<BU:%LDVSD;K>XB,3I*X2Q`;39N
M;YF8O5?>M/VX&.BUT*KWKPR[/I5@*;9)<J%5:4'QQKP-G^5.O#H"FL;ME:3#
M/5R/6QDGG]PL"PO>0BWYL=EL1FVZ)J]([`[N?U`TU<NS52]]/(W;TIVGV3#!
MG,S<D0P`_201+Y6#.]%L%516T(4<=V;76%BCI%E*JJLFG">U7N6)(P"[B]GB
M<R/HCE4EZ.<BJB-1>U,Z(D!XR#+L#?!S]JU4S`R)MQ(AR)<^\"/V+L5^!?$#
M]CW`WE6V&5:72W25]#Y8T=$=M!HJMFE9WHYKDHZTE)%]$5LY$+FKU8N<OZGS
MQ9QXX-L_N7*R[(@_]Q^`*[KT-TDY&7/JEV/[-FD>V9'_`&@OWD<EV]YP2]83
M")A$PB81,(F$3")A$PB81?_2]_&$6+N6-`CWW6I!QV1MO*Q9#*69_:WNE[42
M<"214^V`^-J)]41)&L<OHU<R\/)./=!/^V:'\?8M;U3!&=CF,1^]&L?O'<?M
M9==LT,PTTHY$4D$\$LD,\,K'1RPS1.5DD4D;D1S)(WM5%14ZHJ9TP((!!H5P
M1!B3&0:07%E51,(F$3"*W6EM74HT1EH2T0::QIZF*5[)'H^QO[8*BJ!D2)DC
MD<;;6,$+55.UKI$5RHU%5*$@5*J(F18"K$^X.?@OHFKK##*ZP,K@"SZ>4B>H
M.)$'G,JYC!902YJXF6-TP,I04[X9'1.:KXGN8[JU53#`D$BH0$@$`ECJJ_*J
MB81,(F$3")A$PB81,(F$6T?Q_P"-D.F=NUX*V0&#S#40I,2/C+(<CH2;%\;T
M5CX!VJZ./JCD=(KG>BQIUU'4<K:/(MR\7$\NQ=)T/I^\G,O1\`I$'B>)[AH.
MWN77/\J>"">&-\EGJQGKH>U3$V&L$L:]T5=(K_(;K<[UZ]L]6Z1%AZJOE%<Q
MW57MD1O9=$ZF.HXH$S_Y4*2[>4O;QY%^#+SSU/T.71\XRM1_\&Z28'ES@>T<
M.<6XNVKN;I<RF$42V7:9:$JEK@Z&TV"SOI;"($6OFJA8H4K0GG$3'EVMB`R"
M!S&I&Q8TF>LKVHK4;U<V.Y<V&$1`RE)]&X5JY"GLV!=C<G*[&$(,Y+G4M0`'
M[EB@[FKJ,EM5TAY-9/47UJEG+55?FUH(+BW5>1@V6`,FYASW\A:7K4>T605%
M>Q8%5B1M+FQ3ETW1@3%B784\$9U&ZNO!N7:<Z/3J[)W`)B40SGQ$W)6RQV':
MVWB_/CM%Y*YVU$:SOZUD1-A)1IML+(*FQURPN;*ST<"T/OZR'6H[MNP`RJE,
M5"+,6...1..Y'21LE$>5><VT)3BQ.W=H023$$D,[\"S@`D=H>./3+\H6IN!N
MVZB0`$R!$[FVG4$@$D`Z%I",_P!,VP3=*5MV#'"T5Q)`L<X=K4WE8;[=6H\J
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MG3\#(ZEEV</&B]R9]@'&1[`*GX57H3XZT.DXRTN@TC7HNRNH@6#^9S4;.>8]
M5FL+,KHKD]U9&R/F>B+VM5_:WHU$1/*<O*N9F1=R;I\<C[AP`[`*+WSI^#9Z
M;AV,+''[<(L_,\2>TERIMF,LU,(F$3")A$PB81,(F$3")A%__]/W\81,(M7N
M<^)WV;9]TUH7OL(F=][70,^\V&-B];,=C?ZS(6-1)6(G65B=R?>U4?MNGYFQ
MK%T^'@>79W+F^L]+-S=EX\?W!\P''M';SY]^NG&;Q<FF$6OMQQ,^PV/:MP;2
MTLFUS\M\8[)JVR2H/^<K-,H`N,JW:P@K1T:F5<9U=67X\@T3VM+A+>Q_<V=4
MR$VW,I-XMP([J/\`>LF-X",(;CLV2!'!SN;[8]S=BQIK'%^^;"-KU/O6DQ!4
M&N:O\=]:L!+^_H[EFS6/&)G(A.XV$=94F6PDFND27-6\13)8RST65I`<"1(D
MM@A,[1*-`(CO9W^Y33O6XF4K=SQ&4S0$,);6U:M"[4'`E679?C;(/1!`4/'6
MJ6->W;;JUV+6`YZRGCV76@OE3QARAI]"0Y[10;,2DXRU8X2OK3)&5L$?96+X
M0Y7HVALT`$`SU_Q`CX#[E=#*\1,KL@=H8ZL?+E$GVR()(KQU5#L_!6S7?NR@
M])NJ34S)-[33N,-;+X9KW\?G[!4:-60VI;]DI=RU?7([VUU^TL93=<>58U+[
M%TD,)4YIC(J2M2-1$B-6`:FG-QSTT?M*K#(A%@;@,Z/([O$Q/(@EG`:5"W!@
MIENO"!!-):$?M"7:+NVY<?N%N16#\:7%W=506EWVMT$]W6<EAB:ALX`LUDD4
MM=+/6O'A)F)#EA)8U'WRM4/A<[GX<NVG\44=O(:0&]HB##Y@!4$MMJ.^O(T6
MT6HBV(&J:P#<#B"6P>O4HMH(`4:<"+8CUHT)PX1ME.58EB0DL<V.4B62:1B(
MY[G.556:+B,0=66',@SF8GPN5(<N5J81,(F$3")A$PBP5S9SM1\-5P:N$@O]
MGL7LDK=<<4X=CPXY40@ZTE@=[D2O5&NC8K$[YI?M9T1KWLV?3>EW>HSE4QL#
M67;R',_8/8_.^H/46/T*U#P"YF3^6#M3B9-4#@.)-!H2,;K_`"U\[!C!A47'
M'#-8$'`T>,:>HW0R-D436L@C@2#=ZY(61L;TZ*C^O^*?KL?_`/ANF2,I7,O(
M,CVP'_85HS_-_K\8PA8Z;A1@`S&-T]S-=BHQO_\`)CR+RKIQNE[[Q5QA85YL
M?E0NI;M-8?6VL,<J`7%/*9?W#0B@Y9.O1Z2MEB5\3^K)')DV+Z0Q,'(CD8N;
M>$QP.T@CB"T0X/L8L>"QL[^:/4^J8<\//Z3BRMRXQ\R)$N$HO.3$>UPX-"M5
M1.;8E5$.U^1C?3ND$/;*O3]>D,PT*>G_`,3-Y+`/Y;GO"YFWZDC07<4MV2^X
M@?:IG6\I:?8*UKS9JV1WT98CNB3K_G/`I`S4_P#4],@GAWXZ1<=BV-GK?3[K
M`W#`_P!8-\0X^*EGM*FW*J[N*2(V6K][^.*%*26!OOX&CE?]B1T,W?$U$3KU
M[?JF8DK;2B91(D/O6WMWQ*W(6K@-N3.S$%JBJA;^)M/_`!L=1!">)7H/,$3!
M`<]ZG5I&D@Z!/7$2E-)FC'EU^J%17PNB(28=KTD3NE22#Z6UMV`$1^[:(M[@
M.VG>LP9V1O,R09.^FAWF;T_K$ZN&+-HU?/QW2DRVR2';`RMMFWKY*,6Z+!JP
MS]F'+&OK:O\`8J-8#'V+#IG_`/ZAT,!$KR((XIY))'7&Q`[O%+:7H[!SJ0U7
M/?0U#&JM&7<`@T8;X[?$P)(BVT%Z,&'!R``20`%>]<UL;6QSV1G6-J;;6+K:
MVMK601Q]E8*$#6,(G97AUU=!XJZL'A:R`>%G;$CE17N>]U]NV+8E4DDN2=2=
M.##0#0**]>-XQ>(C&(8`.P#D\23J2:DZ\E(LO4281,(F$3")A$PB81,(JZLK
M+"YL0JFI")L;.R*@"``#B?.4863(V*`<>&-%?)++(Y$1$3U5<MG.%N$KER0$
M(AR3H`%?;MW+UR%JU`RN2(``J23H`N\KXO?'8/A#6'G6[1S.0MC'B783XG-F
MBJQ$<V:'7*V9$Z*,/(UKR)&^A!#47JK(XNWS7K75I=2O"-MQB0/A',_J/W<A
MVDKVOTSZ?AT7&,[H!S[@\9_2/T`\AQ/$]@"VGS2+ITPB81,(F$3")A$PB81,
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M&1QL1K(V-1K41$1,[VS9M8]J%FS`1MQ%!_''F5XOE961FY%W*RKIG?F7)/\`
M%`-`!0"@5CR50)A$PB815]=:V53.A%8<4#,BIU>-,^/O1%ZHV1K5[)6=?JUR
M*U?U3+90A,-.((4MF_>L2WV;LHR["WOYK,.N\QE0JP?9!4+B]&_D`6,B);^G
M=.*JM@F]?JK%CZ)_TN7,&[@@UM28\BN@Q/4,XM#,AN'ZA0^T:'V-W+.E7;UM
MT*TVK,A,'=Z*^)WW1NZ=?'-$Y&RP2(GKVO1KNGZ9KYPG;.V<6*Z:QD6<F`N6
M+@E#L^\:CVJY98IDPB81,(F$3")A$PB817O7-:OMON@-=UFJ,NKNSF;`%7`1
M++/,]?JY?HR&&)O5TDCU;'&Q%<]R-152.]>M8]N5Z],1MQ%2?X_ZJ;'QK^7>
MACXUHSO2+`#7^.9-!Q7='\9OBO3\,B0[1LOMKKDDP9S)2F=L];K$$[7)*!1J
M^-CGF2Q.["2U^YZ=8XD;&KUE\[ZSUNYU"1L67CA@Z<9=LNSD/::LWL7IOTQ9
MZ/`9.2T^HD:ZB`/"/;SE[`P=]P<T"ZU,(F$3")A$PB81,(F$3")A$PB81?_5
M]_&$3")A$PBPUR+PS0;QY;$-8Z38W)W+80Q=PQ[FHO1MF,Q6)*]WT\S>DJ>G
M7O1$;F=BYUS':,O%:Y<N[\%J<_I%C,>Y#P9'/@>\??KWZ+2G;-'V;2B_:W];
M*.QSU8.=$BS5QGHKD44QJ>-[E:G56+VR-3^IJ9O;.1:OQ>W)^SB/8N/RL/(P
MY;;]L@<#P/<?NU42R=8J81,(F$3")A$PB81,(K=;7%50UY-M=V(536!L\A1]
MB3"()`U51J+)/.]D;5>Y41J=>KG*B)U5<OMV[EV<;=J!E,Z`!RHKU^SC6IWL
MB[&%F.ID0`/:5H/S%\PTD85KW$[7M1Z/@)W,V!8WHU>YKOV_7SM1[%5.G0DE
MJ.3U[8D7MDSJ>G>GF,;N?[(#_N/W#W\%YQUSUPXGC=&TT-TC_1$_ZI>R.A6@
MAAA=@40<>40::7-(0465-(023/*Y7R33SRN=)++(Y>JN<JJJYU<8QA$1A$"(
M%`-`O-YSG=G*Y<F97)%R27)/,E4V55J81,(F$3")A$PBNE1=6="6TZJ+E$G;
MZ.[%ZQS,Z]5BGB=UCFB7_!R+T7U3HO1<LG;A<CMG%PIL?)O8MP7;%PQE]O81
MQ"V;TKD0#9VL"+1@%TC5ZC=R^`SM15=($]RJ[JC4ZK&[[FI]%<B*J:G(Q967
ME&MO[.]=GT[JUK-:W,"&3RX'N_#7O61\Q5N$PB81,(F$3")A%L9PQ\8>2^9I
MAS*\!==U%TB(1M]Y!+$`^)'*DGX81?&5>SHC7(B0]($>G;)-'UZYJ>H]:P^G
M@QG/?D?H&OM.D?;7D"N@Z/Z:ZEU@QG;M^7B<;DA3^Z-9'NIS(7<3PWP)H'"5
M4HFK@*5=%PLCN-ILFQ37=HJ*CW1>9K&L!KTE3JP:%&QIT:K^]Z*]?/\`J'5,
MKJ4]U^36P:1&@_$]I^`HO7.D="P.C6MN-;>\1XIGYC^`[!3FYJLU9KEN4PB8
M1,(F$3")A$PB81,(F$3")A$PB__6]_&$3")A$PB814AH(5D+*%8B#'!SM[)Q
M3((R!Y6_X20S-?&].O\`BGURL92@1*,B)#DK9PA<B87("4#P(<+7[:_CEK5H
MLI.LFSZZ4[N<@DB/L*I[_JB-9+(A@O>[ZJDDC&I_2STZ9LK/4[L&%V(D/<?P
M6BR>@8]QY8\S;ERUC^(]Y[EKW?\`"G(=`LCOPC[@5BJC2J-Z6*/1.OJ@;$99
M-3HG7UA1/\\V=O/QKC?N;3VT^.GQ6BO]'S[#GR=\><:_#7X+%Q(I04SAS!IQ
M)V?UP$PR03,_]44K6/;_`,TS+!$@\2"%K91E`F,XD2Y&BX,JK4PB81%5$155
M>B)ZJJ^B(B?557"+%^T<T\5Z<V1+[>**$B)51X`)7YBS:[Z(U]=4---B[E].
MKV-;_BJ>N9MCIN=D-Y6-,CF0P]Y8+49?7^CX+_4=0MB0X`[I?X8N?>%JEO7S
M<$C9,'QUK$I$OJQEUM"I".Q?HKX:8"=TT[53U8Z0F)47IW1K],WN+Z:D2)9E
MYA^F/XG\#WKCNH^OX`2ATO$)E^JY0>R(+GVR'<M)]VY(W;D4Y#MOV`ZV=&]S
MAA'N;!6`]45O0&L&;$"*[L7M5[6)(]$^YSE]<Z7&P\;#CMQ[0CS/$]YU*X'J
M'5>H=4N>9G9,IMH-(CNB&`[V<\2H/F2M>F$3")A$PB81,(F$3")A%],>^)[)
M(WNCDC<U\<C'*Q['L5'->QS51S7-<G5%3U1<$/0Z("0006(6RW'?(?YSLI;J
M1C;9C/\`2EKVQMLF,3UC>W[6H:QOKT1.DC45>B*B]=5E8OE_N6_DY<OZ%V72
M.K?4MC9)_?&A_5_3]JR]F"M^F$3"*_T&J;1M9/LM7UR]V(OJC5&HZD^UF:KO
MIWQ@P3N8G^:]$1,BNW[-@;KUZ,(]I`^U3V,7)RI;,;'G<GRC$R/P!6U&A?!W
MFO;7PSWP5;H56]4<\C82V$6;HE:B]P]+5N*(29'+T\93Q%]%]?IUTF5ZEZ=8
M!%J1NS_JAA[RWP==/@^BNLY9$K\(V+7.9<^R,7/L.U;]<6_"OB+CUX]C="S<
MA;!`YLC3MEAB2H'E;T^X/6XG2`=O<G<GNW&/:[U:Y,Y?-]19^6\+<O*M'A'7
MVRU]S+N^F>CNDX!C<O1.1?'&?RCNAI_BW=ZV[CC9$QD43&1QQL;'''&U&,8Q
MB(UC&,:B-:QK4Z(B>B)F@))))-5U8````HOO"JF$3")A$PB81,(F$3")A$PB
M81,(F$3"+__7]_&$3")A$PB81,(F$3"*D,KP+"-(CPA#HDZ](C!H28T[DZ.Z
M,F8]OW)]?3URZ,I1+QD0>Q6SA"X&G`2':'4.+XOX]-5RS:?1-5R*B^U!C!_J
M:C55/8^W[5Z)]4]47U^OKDT<O)CI?E[W^U8DNFX$]<2'L#?8RMG^S/&7_P!I
MB?\`[NT_^>R_Z[+_`/F/N'X*/_B.G?\`U1[S^*Z'?G3\G:9G($_%_`+F:Y1Z
M2:0)M&Y4AA2F;+LT/<.965ILL\SXJ&AD[H5?&K4++1[D[HHX7O\`2_3?19_2
MC-ZH-]RX'C`BD8\"1^J6O8.TD#P'U[ZLM_\`(RZ5Z>EY5BQ(B=R)+SGH8Q+_
M`"0T<?-)SH`3UPW.Z;AL2.2_VO8[MKOZF6UW96#%_P`O&63*Q&HB=$1$Z(F=
M=;QL>S_M6(1[H@?8%YE?S\[*?ZG,NW/[4Y2^TK(\?!6PD4X)X>R:@9;G:=7;
M^FH13[''L(^HV)\%>VWF(*UH;5Y/:O(;),/#93%-A1SFQ.[7(F(>I6A<E&5F
MX+8N&&[P[=P#M26ZO`F(#\5LAT#)E9MW(9-F5Z5D7O+>>\6Y$#<28"%'<@3,
MFJQ95)'!4\&T;%J3>2^.2++31=J+W.:&+DE`M7BTXF,.X][*1QS!/9/]X]8X
MDK8SN]6.5>C.USJ#J0-FU?\`H[HA<,1#_;>6^H;]RE-=S*Z70)1RLG#'4\8W
M;`N&X1YS0\LM)WL@RK0;!)VY,_*SX][.X<BW=LVEQZC%6:K:#;N\K9/VX=#N
MINR5NML;&S6'[!5^]L=0LH)9K$`(4-XJ^YEA22)7T_Y6RXM^3<\]Y#8T=PV"
M)E^;:6$HEHR)+T!8M4>G<HQE>^JL##$;<A=>>PBZ9QA^3?%S;F"9PC&)CXB'
M#V8CAXBLJ*2RV'?=`UPG8Y+F.EISR=LL2SFT>S66I&D,M-9U"^U2(1;BIG2.
M62Q;&^%J2]>QS5609XG<N0M8MV8@SD;0`\1(4E*,G8BFW6BAET:5JS8NY/4,
M>U*Z9;8DW"3MG*V3NA;G;;=$L3-B*Z*^B?''>G&[6'<6.L:NFE[5OFHWQ-Z7
M<.BBL.,Z$S8]U*$@I:.XL+"OI*X>+O=#`^5SS1T;&J2=6Q2ZMC;;$K<)S\R$
M)18#2Y(1@"Y`!)?4\#6BR(>FL\SRX7KEJUY%V[;F9&6MB!G=($8R)$0`[`EY
M1855A!XD&/K+K8&\H<=#:Q3WM%K*;(7#R3'76=WL%7:6XH0`K..I;N%HXM,0
MDTQ@@H[7L^U[D5'+++.,9V[7T5TWI1,MH\MP(D`DGS&U(8`D]BQ[?1XW+5_(
M_P"5QABPN1AO(O-*4XRD`!Y.X,(ES*,134JHLN`N1JC7N4=EL``(`>']QGT;
M<84L(Y3&70%T-KMS)5Q0LDCL:VAN;.O@,G:]&QOLQ>G<DJJVD.J8ER[A682)
ME?M[X4HQ&X/R,@)$#^K+DKKOI[J5G&ZKE7+<1;P[QM7*UW"0A+:VL82E`2+T
MWPU>ETO_`(T\J:[<'41=8`78CZ[I&S5T=::XQFR5W(&Q4^I4,>O2(.QIAK=F
MN$!)BD\*P$CSL7JK/NLM=7PKMN-V,R(&<XEPVTPB92W<AM#@U<$<U+D>F.K8
MU^YCSM1-T6[4X[2^\7IQMPV4J=\MI!9B)#@J(/@NUL;B&IK=[XULFQP;Q-?6
M5=?V9P6KKQWJ%UO.SI:#BT,MS9"Q:_KY3Q3:@2SKCI8_&.1*[JB72ZE"%LSG
MC7A6&T&(!EYDA"+/)@=T@XD8R&I`5D.@W;EX6;6?BR873.0G(B'DVY79[@(;
MI#9"1C*W&<)$-&1*Q3?U8-/8."KMDI=J&;%%(EO00;$/7O?(BJ^!L6T4.MVJ
M2P*G1RJ*C%5?M<[,VU.5R&Z=F4#REM?_`"RD/BM1D6K=FX86\F%Z+?-`3`[O
M'"$J?V6Y%67)%"F$3")A%]QR20R1S1/?%+$]LD4D;E8^.1CD<Q['-5'->QR(
MJ*GJBX(!!!T503$B42T@:+O]^#)'QQ^3>@NJMKXZUL?EW10Q1-K$&*MJUNQU
M?7P`;H`"'9CP*TQ_2(]L;>@YO1>V.*<=J^8>I!U?H^5OL9<S@723$T.T\8$D
M<-8\QS(*^B/0=_T]ZHZ?Y.7T^V.L8\0+@!E'?'07``0*Z3;27(2B%O6SXF?'
M=CFO3C&I56.1R(^QV"1JJU45$<Q]NYCV]4]45%14^N<U_P`[U;_[LO='\%WH
M]*^GP0?^-A[Y?^I3"GX&X6H7MEK.+=&BFC7NC((URLL"HG+W]5B*L("B(E5'
MJG5KD]/3Z=$S'N=3ZC=#3S;K?VB![@RR[/0^CV"#;Z98$N9@"?>02LI"B"`C
MQB`BCABPM1D(PL,8X\34^C8X86LC8U/\$1$S"E*4B92D3(\ULXPA"(C"($1P
M`8*HRBN3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(O__0]_&$3")A$PB8
M1,(F$3")A$PBZ_?Y#ODP_@;B)=;U@]1N2.4(["CH)1Y%:704,<3(MCV=CV?>
M.5!"6P4)W<QZ$D>6-5]N]$ZCTKT<=3S_`#KT7Q++&7*4ORQ[J.>P,=5YY_,;
MU0?3_1_IL6XW4\H&,&UA#\\^P@$1CQW%Q\I7F-55<JN<JJJJJJJKU557U555
M?555<]B7RXOS"+.=OSUMA]9J-!7NDI=?UW4]6U2UK0Y@6S;.-K=DEJOY"V@J
M1;1*\XV**3V4DI$$<D+'?>K4Z:VWTRQ&=^[/Q79SE($OX=P:@<AP'JP-5OKW
MJ#+N6L/'MO#'MV;=N40SS$);JR$1)B0#M)(!`-5D;8_E,5:;7MFZ58G)T=UL
ME9OU=71;;R]'N53IJ;V4*7.NI@.T"D=6#`/#CC\*2JV:&.-JJU6([,2UT40L
M6,><K/EP,"=MK89[`1XCO+N^O`OS6RR?5<KN7F9UJ&5Y]V-T#S,CS(V_-()\
ML>3':`P#/4`"C*EJ?D^2/85%_8U&XB[?7ZCK>L';KHG([-(V2\373]C1T=OW
M:;L-#9:[<Z_;A!E@%`$22S54,_N>V2:!]T^C`PN6H7+9L&Y*0A.WOB-PCIXX
MR$A($B0D*2(:@*LL^J91N6<B[9O#,C9A`W;5[RIRV&?S?MSA*$H2C&4)0))M
MQEN8RB:#;?D0+MVG3:J^AWC51W2;_/#2:)R?'K?&[W[IN>P[F'!9<?KH]@RP
MKZ">\8(V%#X5F$%8UKH5Z*VZQTJ5C(%_S;<SX*SM[KG@A&!:>\,9,[[2Q/%1
MYGJ.&9A2Q#CW[47ND1M7]EG]VY.X!*SY1<0,A%MX>,0'CPD9'RT-.V?3-AGU
M2PJ_VYQELFFW+]2W)=<OK_=MPU1FH[-RL+?KK5E^#V.V!KJZ22)!B424)%23
M[_LB'0XQLY%H7Q+?>C,;H;HQA"6Z-LQW!X@F57%#I19,O5\[F5A9,L24/+Q9
MVY>7<V3G=N6_+G?$]DMLY","1ME6.M:0N3Y%[%5UNP"Z89O%;;;!N.G;>5M6
MX;R+O>RRR:C07M'#76!TVHTD5F+,EK`^)9(T\$8C8E;(UR*S('2;4YVI9$;9
MA"W.(C&!A'Q2!<#<6-#WN]%A'U)DVK61#"G?C>N7K=PW+ET79_MPE$`DVX[A
MX@SB@BU1I.K?Y:"F&65=5\4T55Q_?C<RMV#4Y;(2PMRS>9;FWM+0ZLV[]M!D
M4OX&%M#"''&(]J_MT9\BN5[D;C6^ARC&$YYLI943:VR8@`6@``8[B^[QDU_]
MPLL^]ZOA.=VU:Z3;ATZX,G?;W`R)R92E(QN;`8[!Y0B!$_[,27<KYC^8FQC"
M[+&)JH;3B=KT+;]#LS+>0PK03M/OM,V.UKXNE:.V[I=HMM#KYWCN]L@D['R1
MJJRS)(_X"R39,KYVB$XS`#;Q.,X@ZT,1.0>KBAT#!ZSR8QRA#$CO-ZU<M2,G
M-HVYVYR'RC=&Y*U`D>':02-9/"=0YJT;0-G"V'3.,;JB=X.28;$L?DA5VL9F
M_<=;'H`(FF[0W3(TU:OU)=EFL!O,'9F3DQQ>4E?&UR9-_IV3E696LC,C*MMA
MY?A\%R,R9QW^(RVB)8Q`#L*K`P^MX'3\J&1A=+G;I>!(O?N#S;,[0%NYY?[8
MM[S.+QG(R`>5`L1;[M$&X[#)>Q2[H1(0*+"23ONZ,WW82)QFNA:^38&Z]K3G
MBL&;''%"X=RQ(Q?O5%1&YV+9./:%LBV`#^2&R/\`AW2KVO[%I^H94<W(-\&^
M20'-VYYLR1_7V0HS`!J-KRA>9"PDPB81,(F$66N#N8=FX(Y/U;DW5GN<90'-
M6PK5F6$:_HB52*YH#7(R5$&LPE<Q'JQRPR]DK$[XVJF#U+`L]3P[V'>'AD*'
M])X2'<??IH5M^A=9RN@=5Q.J8A\=N58NPG$_-`]DA3L+$5`7KKX_WG7>3-*U
M??\`4S$.UW;:8*[JY_M25L!D2/>*5&US_`>#/W0$1*O=#/&]CO5JYX5E8UW#
MR+V+?BUVW(@^SB.PZ@\0OL/IV?C=4P<7J&)/=C7H"43V'@>1!H1P((4PR!9B
M81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81?_1]_&$3")A$PB81,(F
M$3")A%\2RQ012332,AAA8^6665[8XHHHVJ^2221ZHUC&-15555$1$RH!)``J
MJ$B(,I%HA>2/Y<\XS_('G;<MZA)EFUJ`I=<T:&1KXVCZ?22S05<C(9%5\#[:
M5\MA,Q556SEO3Z(B)[ET+IHZ7TW'QB&O$;I_VSK[J1'8`OD'UAUV7J+K^;GB
M1.*#LM#E;BXC3ANK,CG(K6G-NN83"+.7'7QJYUY:U:ZW7CKC6_VG6*!\T)]H
M#[")LI(\<<I`=2*::*=L!P\<K%D@`B)F9W)U:G5,UN7U?IN#>MX^7F1A>EH"
M_O)`(B.V3!;WIOICK_6,2_G=-Z9<NXMNAD&U&HB"09D<1`2(Y+#H]6>7%:S0
M#N='2!M/M%<^.)P@C[.OIFR.CE>R21WY*T@B5C$<]._N5.UKE38&<8F`)K(L
M.TL3]@*TT;5R8O2C&EN+R[!N$?\`5("E:\G5'X9O"I'BD\"2)"L_8[PI,K5>
MD2R=.Q)%8U5[>O7HG7+G#L]59M+;F.UV=<RA&)(+"HA22FLBD"B6"5)"V3O6
M.!XK%9W$,FD:K6*Q%1SDZ)ZY3=%I'<&&O9WJNR;P&PO+2FKZ-S=<Q]585A<0
M)HSX2YA*LZ*!'1S/>-=5PEK6/3P/E3O)`.B?V?UL5_:Y&O16I2,X3B91/A!(
M]Q(/Q!5URS<M3%NY%IF,2VM)`2CIS!!;7@:KFCHK>4.Q/8`0X:H-&KK)>U$F
M#,+&MC(8IA55"FH@U&6^1W8K(DA7O5JJWK0W+8E")D'D'':`PUTXCO>BJ,>\
M87+@MG;"0$N8)$C4:Z0D]&#5:BMZCD-@84L$R#22.A82L3T@?,QJ.?$R96^-
MTC&N15:B]41<N</M>JCVRVB>T[79^#KZ40I)?;J,0D_C2;PK#(DOA=`A39?&
MK>_QJ,OD1W3IV?=]/7&Z+.X;^`J[)OMVG<SLW!G^RO<N-L,SHI)VQ2.@B?''
M+,UCEBB?,DBPLDD1.QCY4B=VHJHKNU>GT7*N'`>JIM)!D`=HX]ZX\*B81,(F
M$3")A$PB[P?XE^=WRQ;;\>[XU%09A&\:"V>1>YL3Y8H-MI!^Y.WL;-+"?%$U
M>[J\N3HJ=53SGUQTP`V.JVHZ^"?_`&G[8D_V0O=/Y0]?)&9Z=R)Z/=M/[KD1
M[6F!VS*[M,\[7N281,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81?__2
M]_&$3")A$PB81,(F$3")A%I5_('RR_B;XQ;R0`6H=_O*#\=4#V.5DR3;,PAM
MW+"]BI)#,/JHI[XY&]%CF1BHJ+TSH?2^",[K.,)1>U;_`')?W=/\QC[%P_\`
M,/JYZ1Z6SY6Y[<B^UF'/QON;D1;$R#P++ROY[2OE%,(F$7:C\5/Y&J[X^\)I
MQ7?<<G;,;K9-V7IMC4V8-:(8EY9E7,H.RK./(3![6R.F<TJ%"7OA<R+QL\:/
M=Q?6_2<^J=1^MM98A&8`F""2&#/'O`%"U:O5>K^D_P"95OT[T/\`XG(Z;*[<
MM&1MF,A$'=(R:;APTB?$-Q(8,&==?H.T@;!<<G6>UGLIBN0`#2%)`JGDA0W)
MV^:WMA,+01I(WC!.AK2&Q]O<C%[&].B]4ZB5F5JWAPL1W1M$:FK"$HZ\ZA>>
M6\NWD7NJ7<NYLGD1)<1<"1NPN&@T#1+<J*81[WJP>APZQ%,.2T&CN=:+A0/;
M&';#+:;<=>P7D8;MDBTN`<2M)@5LQ84IT)M>-VQ2-1L\&.<:]+)-X@AY"0K%
MHM$!GV[ZEZ`B)$C4:'-&?B0Z>,42!$;<H&EQY[KAD)-O\H`1(K*)F)0BP(:4
M9;LW*.J6@PXM;>R5]PI7(B#[4)!NA)-9%N4.E_C+$H^_NK.R=9%AZT;77;:T
M4(42&S<\&(Q%>Q(+.%?@3*=I[;6_"=E=F]P!$`,#(2AN)),?$8ZK+RNJXEV,
M86L@QO/>:X!=)CY@M;23.4I;B(2A=V1C&(F3;$ZA0*RWVK-Y2AVJ2_OS8&Z3
M4:Q^ZBAGLNXKT'B,+1&;$D;3)3%BK=B'0J*5)?>N'B;)T2=>Q,J&+..$;`M1
M!\PRVC3:;IGMT:L:$,SEM%@7>H6I]5&6<BY*/D1AYA'BWC'%K?J_AF-P+[F`
M/S45RI>46:W9P=-NV>[[-SXAN+BYA4H9;BLT,'91+,:))YA+`L`5EO#``TQK
M)9X(^Z5D"](F67,(WH']B$?V[H`Y&9B1S`)8F34!T?526.JC%NQ_\R[<_?QY
M2E4;HVA,2%2"0-P$-S$@.1'0235>4]2UZIH$>>4^:F7C(P&!C-J+N@[#5-PH
MK[89'-*O(-'JV1+$<M9^/K_/.-+U()B(>2A<-_"OW9W6B&EY@/R@$2C*,>&\
M\-VZ3`B@(`VY6)U;#QK..]PO#R"!^X9`V[D)SUD+4=);-D',3XI"1EOL^L7]
MKNU6/1U]_L`&S@ZM6#%[)$2:9;2LK=^W#89Z=D(9;]@/J2AMA#+?+`R1@QE;
M"LZ1#H\J&2]:ACS-R5J)LF9:-`*PA%ZC:"#$ACJ)%G/A,&+D7<ZU&Q;R+D<J
M-J(,W)EX;MR9BP.\Q(G&1(!:4!N:+SC)-UY.UAUER<(":$7$9M/,S&D/BV(N
M;;%W.TNFTFT!QT6TB:/-,Z$D9)W&03>TB!AG&>8[L@BBQ\.]LPY2B01"U^D;
M=@#Q+Q,^;,0[D';J<K.ZIBF[U2%N<2)7<FOC)N>9*6V8VW!:=C%]P.T1C*)F
M6B-3LW:Y%,(F$3")A$PB819<X&Y/,X9YBX\Y,#=*C=4V0(RRB@5WE+H"5=7;
M&`SL>Q5=84)A,*=5Z=7^J*GIF#U/#CU#`RL.7YX$#LEK$^R0!6WZ!U6?1.L]
M.ZI`G]FZ#)N,#28]L#(>U>Q$0H8X48X.>,D,P>$H4F%R/A(&(C;-!/$]/1\<
ML3T<U4]%1<\$E$QD8R#2!8K[-A.-R$;D)`PD`01Q!T*J,HKDPB81,(F$3")A
M$PB81,(F$3")A$PB81,(F$3")A%__]/W\81,(F$3")A$PB81,(F$70__`"_[
M](5M_$G&$$RM@IM=M]YLH6*BMG)V&Q6BJ73)Z]L@,&ME]B)T7M*55Z]6]/2_
M0>*!8SLPBLIB`_NC<??N'N7@7\Y.H&69T?I43X86Y79#F9G9%^X0DW]I=-6=
M^O%DPB81,(F$4BU_5+[:))HJ0.,ET,@@[G$'UU;%(8>^2.OK1I[,L.$NVL70
MR>V$B<\DCQO6-CD8[I%=OVK(!N2;7@30:F@+`<2:#B5D8^)D99(L0!((%2(U
M.D09$`RDQVQ#R+%@6*D)W&.UCK7*$'';):":B2+!7F`36JR;B#7D5<3Z)A;[
MN*%;"P:#[AX[1WE=K$?W21HZ*.98._=+;M,G<%O`2_B9M`[.[5X%9-SI>7'R
MMD!/?&V0`09?N`&/@?<SG:[-N8.Y"IV<;;?)/+#&%620CU@]R1;,V;5W:Z/5
MEV4E,.=/L[;E==A@EN8G!HKBDZ%IX5Z2*C<K]98`!,BY+-MEN<!VVMNTKII7
M16CIF89$"$=HB)&6^WL$3+:"9[M@&[P_-\WAUHJ.70]L@'LR9ZET#:@FP%,'
MG,KX;!TM1"TFW<!62%MLK8:I%<DQ4PD4T(T*I)(YK%1V7#)L$P`F^X`BA:NC
MEF#F@!()-`K#T_+C&[*5EMA(()#^$/)HOND(BLC$$1%20%==;XUO-FK0+8(N
MEC%LI]X$'BGN*Z`^,C1-.3=+.4P$@J"4.JEKGHWWK^@T#D59G1M5BOLO9ENS
M.4)1EN`@="WCGL#'B7X:G@]6EQNF7\JU;O0G`0D;H#R`+VK?FR<$AHM^8^$?
MF(H]"[CO;V3'0+60+*![5.UEQ22)9.-KH;@./7GQV+H]HE)JB8B&,K5+<Z&:
M-Z)VR,5UWU=AHG>6+\#1BQW4\-7'B:H/)6'IN8)7(^4'BWYH^)P)#9XOW'B0
M0(;J$'B$IM)-NM1V':1"(GK16=;7)5135KC2HR:?9+ZQ/<-+:#V4(=55ZU+(
MKXQ9VR=7=%;XWJBYD1MW[5F0^8$O5A6,0-&<F0XCXA+&#._AY.7"0_;E$;7B
MY>,YR+;A(",8$N(E_84K>/MEMJ%=@#'#<-)9Z[5`!360(]M<$;.=L%76OIJV
M>>,BSB2SUDJ"7Q(KXW-[NU8VR/8GE687?*D2[2)+%AM$27/"D@1^+.M=.RKV
M/]1",=IE"(!D!*1F9QCMB2\O%"0+5&K,"1;A-/V0VLFN1ZN1:H<*&PD.EF%'
M@]J2?9U8JQN)GB6>8NRIB8(8F=TLTT2L8USE1%NED68S%LS\9+-75@3[@02=
M`"HH865.U*_&T?*$07<`,3*(U-291D`!4D,`N*^U:\UI\#+D2,?W#R(6/'.K
M[*%A8?A]]7$3UA1D`MM7>YC]R)*YA(RR,26-G<WK6U>MWG\N3MV$4.AJ`X/`
MZ'@53(Q+^*8B]`!W%")!PS@F)($@XW1/BBX<!U'\E6.F$3")A$PB]8?P;W]W
M(WQ8X@N2)W36%1KG[,LED<KYT)TDLC6()"9%ZK).96UD!"N55<Y)D5R]RKGB
M/J3%^DZUGVP&A*>\?WQN^!)'L7UQZ$Z@>I>D^C7Y2>Y"WY<N;VB8!^TQB#[:
MU6V6:-=<F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(O_]3W\81,(F$3
M")A$PB81,(F$7ET_DBV238?EWR/`LCY!M:"U#6PNY4_MQC:I46)D;&HU.UC;
M>T)^JNZJO7KZ]$]F])61:Z%B%JS,I'_$0/@`OE;^9>2<GUCU.+O&U&W`>RW&
M1_S2DM%<Z1<$F$3")A%?*;83Z'W/L1Z.?W7A\OYG6=;V/M\'E[/;?N&IM/9]
MWF7O\/9Y.C>_N[6]([EJ-UMQD&Y2E'_20_M4]C)N8^[RXVR[?-"$].6^,FUJ
MS/QT"EVD;^-J]E<G6E-/;0W<HLIH%4=545<5'`>IT]5841FM[%J=A0&/<BJ(
M^M3P20PN@?$UCXY(,G%-Z%N,+@B8NQ(,B*,XD)1D)#GNJY<'49F#U".+=OW+
MM@SC<()$3&`+%S$P,)VS`_I,*$`Q(`(/-6\CPA["7<E:S7GA':]INN$TLTZ3
M!>SU*?2Y4<U+(2S@(]XS3FM2,J(F%JS_`-UA#&N9)2>(96HVXWB)"<Y/Q>6_
MD1IOX$&E&X76NIQADSOSQ8RA*W;@8O1K9M?J$@7\O20D*U$@&,WL^6M5V>H/
M"V6@V0I(-6I]8K(DV\2.RE8%O%MMZF0FC:7%1U[16W1`R#I7>W="YKFM2=KI
M78T,&_9N1E9NP#S,CX2U8"+-O<NP+[G?LHLZ[UC$RK-R&5CW2UJ,(_N#=2[*
MX[BUM#;B&V,U6W5-I-YHE-J2*Q:<\9H]);:KK\8=]`."!JYU/)1@5]M&E`MI
M=FU@)$B.(8:&TM5:V>)\:.C??'IXC,3\P%Y"4GC4R!<D>)@">#%N!>JAGULS
MLRM>3(`6Y6X-,`"V8[0)>#=(Q!-1*.[\P(<&$TVYQ5%$/5?BWD%"3[TX<W\@
MV$?VV^Z7#J%A%,#["622<)0X"(9&SL;]LD;F.[VOCR;F.;ETSWM$B%&_1/<*
MOQ<@TY%^!P;&<+./&SY3S!NL78-=M"V7#:A@07'$$5!$TJN9R*\00:2J.ZU3
MJ4FH=67D%8QI]5J.KZI+-:/DHC[$D8INH"3L:$373P*Z5J3JKF/CQY]/$I2(
MF/$[N'H92E3Q`4W$5$@:4U!SK76Y6X0B;4O!M,=LA&L;<+;R\!)!\N)&V4"*
M^*H(A6H;FS6!CP"*M;,"V-@DL61G>P*=7KK.YZI8"!D*(;&,617[I,^&=\4S
M(9H6*Z*5JJW,B_C^=*,A-I1%*.'W0D":BCP#APX.H6#AYPQ87+<K6ZW.0W58
MMLNVR`6+$BZ2"06(%"**7#<IT]>FO#UNI&0U^K6.CVM2.5LS"R)#-/V+;;XA
M;0MFO"M*BN?WF7&K88AO;O;&]JN:UT3H#A7)^:9WP9S$P6BU)1C&@W%FV#5W
MKWK,CU:S;^FC:PY"W:E:E$&;E[<[DSN.P/N\R0H(L6-0&-"?R8)"!K=;JFNS
MTT&KE:Q8`3W%U%L1A!^LW_(.P13G/AI:(*6,@C?5B\<<$36Q!LZ][I'NRZ.'
M(RO3OW1(S$@6&T-*,(TK(_DYZGL4=SJD(V\:UB8QA&T8$&4MY)A.]-RT8"IN
MLP`I$:DDJT[WO<>X0U@HP-H")6FW-@R.TO(+EZ3W3:J.:(?V5)0"0#PQU$:(
MYT$A,BJOEFD:V-L<F-C&P9R,HF1`%`VC\S(\>;<@*O%GYXS1:A&W.,(RD?%(
M2K+;HT8``;1P,CQD6#8[S*6M3")A$PB81>A?^(S99+#@W?\`6)9%D=K?)<YP
MZ+V_V0=AUVE5D#4;T=V>^J29.JIUZR+ZJB=$\L]=61'J6+>`^>RWMC(_<0OH
MO^3V4;G0>H8I/^UE$CL$X1I[XD^U=KV<0O6TPB81,(F$3")A$PB81,(F$3")
MA$PB81,(F$3")A%__]7W\81,(F$3")A$PB81,(F$7D>^8I<IOREYXFF[$>SD
MG8Q$[$5J>(`M08.J*KOO6$9O<OZNZKZ?3/<^@1$>B],`_P#AB?>'7Q_ZSF9^
MJ^ODZ_53'N+#X!:UYMUS*81,(NU'XJ?QRUWR"X33E2^Y&.UDW9";L33:ZIK`
M;(0-*.S*II3ME2<B,F?W5D#,UHL*C/9"UDOD?Y$8WB^M^K)]+ZC]%:Q!.,`#
M,DD$N':/<"*EZT:B]7])_P`M;?J+H?\`RV1U*5JY=,A;$8B0&V1B\W+EY`^$
M;2`Q<NRT!U[CB2;D.]U#85.>!I,^S2[B3K+([$EH.I2$CFQU$RQS#.GN+.&(
M$*9['0^X+B5R*U>B]/=RP,6U?M-NN".S=2LM'[@Y(U8%>>XW33+J-_#R-WEV
M#/S#"I:VX.W@\I`1B31Y!U7W'#UU7I;@".6QOJ'9]OI"@X4>GY<+7S>/Z^O,
MU\585*,DL7[LA715Z>PC67T1CNMMO/MS\N4J6I0B7Y&0F2)'0-L;^U127NC7
M[8O6X>+(MW;D2/U"!L@&`9SN\W=_8#\%^.X4VB/82-;FL:)#8["^"#>$Z]O/
MS4%%/2PI;T-?KM%;WES3W++MDP,T`C_-!`1(YK&PO5'_`"-DVA>$);6B2[!M
MSTD92`!#,030D"KI_P`'E#)EC&[;WB4P&WRW"!CXH"$)2E&6YXD1J!(EA$JD
M/X<VZMM3:DUU2/)6QV;K`L@R84`&>IWY>-BPC23!!_9FMV9T2*R5K/&,1%-(
MK&.54NCGV)PC..X@LP9R7AY@(8U&U].((#JRYT7,M7KEF9@#$2<DD`&-WR2"
M2`QWM0LP(D6"LM]QY=T.U5NFK**??6A`@4(<8UW3$#6)MC+605UD!MM/K=K5
MENG8UW2<>-GBE8]'*BKTDM95N[8GD,1:B"7H:`.X,3($=QU4&1TZ_CY=K"<2
MR)D`!I1(D9;1&0N1A*)?F`&(+J9!<,$W=17G:MLE1M+WE;BZV,H@MP/#K:[6
M5T,4=[JENH1[9(0;9;M#&CXP)1U9*QW>U(R%CQY=0%NY*-ZS*`:#`F(),MYU
MW;:"!_,#KS#YL.B2OV;=S$R872]S<8BX1$0\H#P^7YCF5T!Q`BHJ&DWZ/PM<
M2I-4/_M[2V]M:..`B>4&ODDBL>+0*$B*,FK_`"#VW<G(;48R9HSFH^)[_'V2
M,</4+8:X/]G:#S.EPRXM39P?B`]%6/0[QW633+\R46)8:V!`UB_B\[CMU!+,
M0;7KO"^X;($-8"M'@%)"J35>\#9;*4-+VUV.KJ(+$77M?NBJYYS=5-*9+,Q@
MR",8]9466-K[[O4,>S(QDYD"1K$/M$26,I`%MP%*O1J%0XW1,W*A&Y``0,8G
M2<FWRG&((A"1#^7*3D".UB]0#$-CT^PU8.EFMBZ^.PN8[:9U%$XU]O4QT^P6
M^L3K;]P,=;!)-;4138XXB9I>R-'O:QKV*Z>SD1ORN"$3MBWBHQ>(E2KZ2'`!
M8>3A7,2%B5Z<?,F)>"NZ.V<H'=3:/%"3`2)8.0'#Q/)UB)A$PB81,(F$3"+O
M"_AP*F>+\APW.11QR.*BHF=K45LQ<?(L4[E=T[E1S`HTZ*O1.GI]5SSGU\!N
MZ5+B1<^'E_BO=?Y+SD8>HX/X0;!]I\Y_L"[L\\[7N*81,(F$3")A$PB81,(F
M$3")A$PB81,(F$3")A$PB__6]_&$3")A$PB81,(F$3")A%Y&OF"/,-\H^>8Y
MV+&]W)NT$-:JM7K"782%#O\`M54Z2CS-<GZHB^O1<]TZ"0>C=,(/_LQ^`9?'
MWK*)CZJZ^)"OU4S[RX^!6M^;9<TF$3"+.7'7R5YUXEU:ZTKCKDJ_U;6+]\TQ
M]6#["5L1)$<<1!E24:$4=KYQ$<3$DG`E&F?VIU<O1,UN7TCIN=>MY&7AQG>C
MH2_N(!`D.R3A;WIOJ?K_`$?$OX/3>IW+6+<J8AM3J8D@F!/$P,2>:Q;5[1=T
MHET+5FR!/OV!PV9P[GQ64X8A:6'L$.8])HPBK&*`B=B+_=E%A55^SHN;.S;N
M2MRG%]KL.#D,[<P'`["5JK65?L0OPM3,3<82(^8@%V?5B6)'$Q')3`/E_=P;
M;6[V$T5UOJS#&5I\P<<T\BFZM4Z9)*<KU5I<\>O48L+7N3NZQ=[NYZN58)8&
M-*%ZT8GRYLX?E(SIR\1)69#K.=;O8V1&8\ZT^TD.:VXVZ\SLC$>Q]5Q+RIL1
M*#PVPM3=`#Z53:"RM,CL0A7Z_0&QV%7%/)16=.>1-`7'WN[YECE5?[C'=&]M
M?HK0<PE*,C<,W#$[I!C\P(T[*<%3_ELF6V-Z$)VQ8C:VEP-D"\7V2B20:U+'
MB#176ZY:LK37I:YL(S+.YY(L.3K^1M36CU3;HB$:%@5<"GN$FJSIX/=EC3(T
M/RMACA'C9"KI8[>#"%T3<[(V1;C4NW,GF-`15G))>DU_K%V[C&VP\V>2;\_"
M!'<0`P%7B2-T@?"^T1B!&L5M=ZLS[/6[2O!K-<?J38OV^+3I9$"UTD%P5>Q2
MQ?N*SOBG-CL2W.;"Z51V(G1L:=S^Z>&-",+T)2,Q<^8EG-!'\HB-!JS]JQ+V
M?=N7<:[;MQM&RVP1W$!I&?YY3.IT=N0U>Y_[EF('%41ZSJD&NHVX]WKL`MS%
M7V<E[/K99TYAC;S\^QZ&ZC731)`;!'"HR,8U(GR1OL^CCN-PWIF[1I.'#;@&
M#;=)2!<%WYL5+_RD]@LC%LC&\3P`DTMQ@22=V_6W`AI`#:P#$@VF;>[N0*SK
M1XZVM`LRK$IPM6!$!"$ME8:E92Q5[8%:HL<!&D@>->JO1&/57.<]SLO&-;$H
M3))D``Y+NPD*\_GE_`4,NH7S;NVHB,;<R2T0P&XVY4;1C:@W&AXE7@WE.]N+
MN]O-AJ]<V&38"Z.Q,KK"LD%J(K#6@9:NA*%`I"ZAC&5U:3+`@[U>)-'*[RQ2
M*C5;''"M6[=NW:G.`B"`07+2+R!)!U+%]0U"%-/JV1>OW[^3:M7#<E$F)BT7
M@-L"!$Q^6)(:L2#4&C0FRN3;:*KA+\'93@D5X31QXAF,&)N;6]D:L4#61)_K
M[F=6HUK6M8K6HB(U,R86XP,S%WD7/N$?L`6#=O3O"U&;-")`8-0RE/AVR/LH
MK5EZB3")A$PB81,(F$7>!_#?!*V#Y$DNC<D$LO$\$<O_`$OE'9R3)-&GZ]T;
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MY=C:;<)%^492_P!(+>U3V,:YD;O+E;#-\TX0UY;Y1?2K.W'4*><?<81;M8V`
M!FRAT24EP+!?%1#P7HM?K,5;LUCL&V0D@6<8E@#1K010M2*7Q%2'P]DS45%=
MC968<>$91LF6Z/A'RDR>(C&H<$[B>8VFBS^G=+&=<N6YY4;?ES`F6$P(;9F=
MP$28B.P"A:1F&DI71\&J5:C:_>W!%-=D3:Y63PF-URH`J[G9!76;!6F[%M%3
M+LA%75&5\DX==#*6Z0QS$:WQPJ7!<ZEM@;MJV)6QN--Q)$2SM&)VN1)C(@4[
M3MS+'0=]Z./D7C"^3")!V1$93&YGG..\QB8$Q@#)Y$-2._EM.*:HK2UVBNF$
MJF4=0+9V\##/R&P74AO&G%-T-#2Z\7:0$&B#WVQG%V14*)%6`2/E?W)&..^D
M,V<<CR9@RW2(%&B&N7160%#MB!$&LI,!J2JW>DV9X/U5HB`MP$I!WG)[&/(;
M8&0)`G.4IR%(0))=HQ,=TS4]+L]?I[.\)N&FF3\R1&PBU\9`K`].XN#V6D+&
MF2^KI7V`EZ8QWA=&V&9CE\C^V/QRRY%_(A=N0MB.T"TSFKSN&)'RFAB-=1P%
M7&-A8>#=Q[-V_*?F2.2X`<-;L"<2#O%1,BC,>)8,;L#P[4'$]R[7'7UEL1K(
MNO$VY.IT\\<NPZOK^U$S6X]SM=8^<:DAV44=_L$)E(5SYD9&K&P2V2S[D1_L
M/.(D9-N/RRE&C1.NTGQ,!HYU$UOHMFY)_JQ&U,P$#(VXGQPA<)D)7(N(B<1X
M-Q-2P81,4T'CT/;@3;&SOA:(2*ZIZ`>2<_60U]S:L,GG.D9L6QZ^I(M8.(BN
MB'62>5TJ=O3M7K/E94K$HPA:,I;3+21T:GAC*I?4T#+$Z?TZ&9;G<NY`MP$X
MP#F`K)R3XYP<1`T#DO312VGXCHX8M*NMCV&Q?1;I/8C5\-3K_F-2:@KK>/97
M$R$W5>%&,%L`D$5?+%-,VR$EDF=[:6"05(+F=<)R+=JT/-M@.\J>(C;P)K$D
MR<#:6%01)9=CH]@#!OY.3+Z>^9`;8.?`);W>0#"8`@03OB3+PF)@K2'QI0SV
M2!_G;.8<75-3V"S.(@U?6*^*QW"KI[@*E9<;3MM?30>R!LY%\DLZ3F2C/9$.
MD?>1'?+,NB&[R@YG*('BD6@2"6C$FI'`,`:EZ&*'3,>5W9]1(Q%FW.1(A`/<
MC&0CNN7!&@D:DO(Q($6>0L;-'J0-BY)J;Z\,:%QRVP60BGK!S"+^6OW>CT[P
M#-)LQAZUA"7#BO,YY",;#V(QZO1R2?4SE:Q)VK8W7FU+;7@9\JZ,U-5CC`LV
M\GJ=G(ORV8SUC$$S:[&VP>0$7W;GJS,Q=9*J^)-8AV=P#;,C8JZMW4C3K9MG
M5$5#S):'D7B[7;$RI=5[&Z0*&T"WE\;?/YW1Q1/5&MEEC>+B3SKQL[M@A,V]
MX8NVZW<D`7C5C#@VHX`[MI9Z/BC*\OS3<MQOFW+=$Q?9>L0D8[9T$A=:KL`>
M)!AC^QXW%K=-6_FV`%+F*BI]DFJ/R6L/64*_/JQZ\`4"+8Y-I_(0U]M"9*^6
MMC@[%D8BHD39)\J&7*>1Y0M'R]QB[2UB"Y)V[6<$#Q/IS8:Z[TR%K"^HED1\
MX6XSV[H:3,0``)^8[2$B3`!G'`&6*<S5J4PB81,(O0/_`!"ZZ\/AWD[:7Q*Q
M+[D:"FB>YBM6:'6]<K2O(QR_]R%L^QO8BHG1'M>G7JBHGEWKNZ)9^'9!^6T_
M^*1_]*^A_P"3N,8=&ZIED?[F2(]^R$3[GF?:Z[;LX9>OIA$PB81,(F$3")A$
MPB81,(F$3")A$PB81,(F$3"+_]#W\81,(F$3")A$PB81,(F$703_`"]Z&^NY
M)XMY(AB5!MIT^QU,M[&_8EAJ-JZQBDF<B>DQ0.UM8WJOW,&7I_2N>G>A,G?B
M9N(36%P2'=(-\#'XKY\_G'@&WU/I74XCPW;,K9[[<MU>TBXW]WL74!G>+QQ,
M(F$3")A%<0+>UJX;2"ML3`(;NN6HN(A")8&654XX&R=7&I&YON`W'UH\RQNZ
MM5\+55/1,ME;A,P,X`F)</P+$..UB1[5);O7;0NQM7)1C<CMDQ;=%Q)CS#Q!
M;F`I2/R9OHUJ=>Q[3:27EA:/NR+LJ2,ZX9<RM\<]J%:&QD'UM@3#TCFF'DBD
MFA1(WJYB(U(#AXIA&T;,?+$684#<B!0CD"[&JRX]4ZA&[<R!ES-^4]QD:RW<
M9"1<Q)%"002*&BL:[1L2R#2_F#T>&PB,3MG<U@\150%KY,$,3>D<8Y%%6P!O
MC1.QPT+8U3L3IDGDVF(\L5U]A,O]1)[RZ@^KR7B?.D\7:NCQ$"!V&$1$C3:`
M-%PBW]P%7K5BFOA"\YQ#6,CA\L4EI5R4MJT<I8U+&@MJN3P%Q1O;$4R./RM>
ML4:LK*U;E+?*+R8?`N*:4-0>%6U*MAD7H6_*A<:#D\/S1VR8Z@2C20!:0`=V
M#7&NW7:JI9W`71<+YXZJ-9'>*>4=]$%^.HRP)2(Y9*VRI0%6$0L=8B1HW*V.
M1J.7K;/'L3;=;#!_\Q<@\P34@T/$*2WG9=K<;=\@D1[6V#;$A_EE$4C(-*(T
M(5-1;5L&LK.M'9S5ZD2"D/6-D$OC-`6=:ZS%]Q%+[*WK'$R**9#XRA5D<L4C
M%<O6MVS:O-YD'9_<=0>8/$&AXA6V,O(Q=WD73%R#PU#M(/I*+G;(-*+EB'7.
M/N>U"SQ$17A[GQ/HW-C(D0L14UD22NH(Y02FS!3#U5;/(-#$^-T;1I9(>WQR
M/:ZAQ[,@0;8X]A\1>516IJ>T`ZA71S<N$A(7Y.-NM1X`T*%P1&),0"&VDC0D
M+\!W'9*XJ8T6T>A$\%<.YTXXA<<;::&$>ED&@+'G@$*I8!V,"GB:R81J=(7,
MZKU2Q[,XB,H4!/,:ZZ:@\0:'BEO-RK<Y3A=\1$14`_*`(L""`8@-$AC'@0J`
MR^N;`RZL#+(H@W8W2OOB7RKY;=\]@/:SOL')T]R^>S$C(>YW57S,1Z]7>N7Q
MM6XQMQC`",/E[*-3V%NY13R+UR=^Y.Z3.[\Y_4Y$B_-Y`$]H?55D>W[1#/*3
M%?VL9$]B1;S3,,F;)+:%6%3;$GO<CNKBI[*A"G<_ZK*+&[ZL3+38LD`&U%@&
MTX`$-W-(CN)4@S,N,C(9$Q(R,B7/S$QD3WF4(E^<1R7P[:M@?2,UUUG-^(9&
M@Z#(R!LBA(<MHVLD-;$ATM0RU<I;0W2J*TO^\D:2_?CR;7F>;L_<^]F=M':C
MZM1V5#EY!L#&\T^2S-31]VU]=N[Q;7V[O$SU4?R58Z81,(F$7JK^`&B2:#\3
M^*A"H70V&RUQ^\'=S7,65NW695O3R=CNJM_^G)@F_P#F5O=Z=>F>*^J,D976
M\V43X($0']T`'_,Z^L?Y>X!Z?Z1Z3"<6N78FZ?\`]21E'_(8K<K.?7:IA$PB
M81,(F$3")A$PB81,(F$3")A$PB81,(F$3"+_T??QA$PB81,(F$3")A$PB81:
M#?R1\42<F?&38[(`=T]WQE8"<A`-C3^Y)75L1`&S1*Y$<O@AUZQ(+<W_`*GB
M,_PSI_2.<,/K%F$BUN\#`]YK'_,`/:O/OYF=(/5/2^3=MQ>_BR%X?V8N)^S8
M3+^Z%Y@\]C7RTF$3"+O#^!]S\+0OC5<C\I3<3C;G[S85Y,CY%91.O+"N<?,M
M"E%%<,=:'U#*916PQ5R2.;9=_:U)WM[O.?4UOU#+J]LX0OG':/E^7N8%O%N:
M@+NYE^5N`7NOH"]Z(AZ8O1ZK+$&;NGY_G;-QB_@V;O$8[=K"#^-V\175!JM]
M#4;_`+HNBVMW2ZN54\I34D261893ZP'4=O,U1;!T,\:SV`"M@DC<[J^,E$<U
M4=T7.WOVC<Q<?ZF$97A*V]`0YE$2;L-?8O),3(%GJ&=]!>N0Q#"^8^(@[1;N
M&V]:D4(Y2J*KG@H`MK#H((:VQN]RO]&VS;S;#\E9VU_>;$#L^TA0"#A)(]LD
M4-'1M(?'XIBI7I)*LGC5&-M-V5B5TF8CCQN1B`P$1$QB7?O+:@:!G5T<>&7#
M'C&U*YFW+%RX3NE*<IB=P``=D8N0QD2Y=J"8R<65U?0["DVJ&2VU+1#65J59
MRW2"U!47%6L[:8`\VC*(AUVX'V&Q(206Y`\%@Q?9#$BE02N2`9LYW;37QLE)
M@`SD>9*(+$>(;0*PD\?F(E$A9AZ3:MX^2^)(WH6Q*1EN:)\B%PAXD[)"9+QN
M0:?R1E"<25>]CT#4RBN0K1=56KC9L_(W]FCJ]D97ZC54E/#8ZE/7RD7#*8`2
MY0IIST/6:$\:2."O]NJ>L=G*OQCBP\_<=EO4Q>1):3T<D-M\+&)<S=3Y/3L2
M<^I7?I-@\V]2,9M;C&(-LAY;0)/O.]Q.)$;>U0W<]<KZ/C?9(Q-1_'"![]QX
M%K^[/(L._>*F?5>2"2;B*&P+*#(&LG1"EL_&-@@#BFCB)\LKHI,GQ[TKF79,
MK[R-JX90IX#NMTH`:5'B<D@D,'"PLW&MV.F90AA[81R+(A=<_NQ-N\3*I((E
MX9#8PB"!)R05)N.=!JY?Q%W)IQ)=)6`\9[$/R#*38,K#;^UY1T"BOJ0F,B5V
MO3BU<%\=7N!;%[U90_=ND\'<Q(<O*F/,MC(`N$W([*.(BW.43^ISM$G=F.UG
MJLKIO3[1\F^<(FQ&-B8O.=IG*_9A.)?P$1$Y0VMN>.]]KA47'FFT3[/1#2M;
MD=2-L.-+2/>B"#00M@O;7?=8K;_4E(LYY-4@%J0;&P@=&L"$^2J>4^11U?'E
MV5D7=F3&-[]QK@V4)C$0D8RIXG)$3JWBVL]59TW"QS=P)SQCY&ZQ+S22!.<K
ML(SMO(^6!$&89MSVS,G:X5,'QZ(=+6&67'KM6LD&W,B33C$WV3WU32OU.&DN
MFTT4ECN=W.8;L)@R^SGKPI'`>7R0QCEH^Z65*(G&&5O@\/&-E"=SAZ0#"(-1
M(^)F),59#IT+AM3N].\JZUP^6?-K&/EB,MM;DB3.0\)A$['>(C-XWR]K=7JH
MM=45@D@3&;5L!GM2AI!#Q(;?1.);M@,PQ)UH:,.$59SLABF+*DB:BM=-*_ND
M=+@7IWY3N3D_@B'%06G=#Z`5`#D`=PT6-UG%M8D+5FU`Q'G3+$,1NM8\F()D
M0`9$`&4B.,B7)R)L'$U8)N]UK\W'Y&JP4G(.RT.LCV5CM<R[OKE+3[A9RF3$
M#Q6Y6SS5:Z]7]S]?A$C/2S;$QT"D#SQ8MK.G+&MW1E"9E:C*3"/@D3`-P$7W
M2^<G;M<NQ!V61TBU#.OXQZ<;4;>1.$!(W/W81C<DY(W&>W9"MD1$]X`,=T9#
M[ETO2M8V[1DDTT<Z39=QXQB_&7\>P`5H5;81"2WT$6O%7QMG-'8V,3HT]^:1
MXXEEC?"U[FM'H,C(O6,EL@@0MW*QVDDA]OB$0*#](%6(+:U.#@XN9@/A"1NW
MK'AGO$1$MO&PS,BYIXY%@X,7+1B-3J>D6ED!KMQ2PZRZ2KTVWNKEMG<1V547
M=<D:]K-Y7(-:'DUXM;64-Y,OBG'D,CG&;(\A6^2-V1._DPA*[;N;_%,`,&(%
MN4@:!R3("H+,6;0K#LX>#=NV\:]8%KP6Y2ENENB97H0E%I$@1C"1H09`Q<R9
MPOC9-1U2A&O33=6)`M1]$,L0Z`YFRZ^$/92[YK&N@W:5MY;$;7(UM5;FL0>:
M5D#R1&3H^6/RC-6;]^Z;48W@8&Z`9#;(MLE(AP-NH%0'8M0L53)P\3'CD7)X
MIC>&.9"!WP`EYL("6V4C<^64J$@;HB3D/%:\9M5SB819#XDX^L.5N3=$XXJT
ME0K<MHJ*)TT+4<\((LN-+.S5%1R>*JK4F)D7HO1D2KT7Z9BYV5#!P\G+G\MN
M!/>0*#VEA[5L>C].N=7ZI@=,M/OOW8Q<<`3XI?W8O(]@7LBJ:L"CJZVEJAF!
MUE17AU=<)%U2(4"O'C$#&C1>JHR`>%K4_P`DSP&<Y7)SN3+SD22>9-2OM&S:
MMV+5JQ:CMM0B(Q'(`,![`KAEJD3")A$PB81,(F$3")A$PB81,(F$3")A$PB8
M1,(F$7__TO?QA$PB81,(F$3")A$PB814E@`%:@&U=D-";760A(!X9#$D'+",
MA>.4-/&[[9(9X)',<U?16JJ9=&4H2C.!:8+@\B-%9<MPNVYVKL1*W($$'0@A
MB#V$+R$_)+AFRX#YGW;C4UDK@:FS>9K)TB.Z6FIVG4W7CVR+U;)*H$K8B.U7
M)&5%+'U56+GNW2.H0ZGT_&S(_-(-(<I"DA[ZCL(*^.O4W1;OI_K>=TR8/EPD
M\#^JW*L#[J'E($<%@O-DM"F$3"*L$KK`]AL@()AL=:&ZQL7B"SDL`KV3P#/.
M-="Q[10V$E11K*_M8CY&MZ]7(BVRG&.T2D`26#\3R',T*OA;N7!,V[<I",7+
M`E@X#EM`Y`<T<A4>7*Q,(F$3"*70;/M!M0NJ!^&80R$2LDB!H*C\U8",M!C`
M:LJZ%K$V&P"2VC'=&-(0^+RQ0HC>L<:-@-FS&YY\OF#FLBP+,2Q.T%GJSL_,
MK,CE94[/TD&,)`1I".XC<"(F0CO(W,T22'$:4"B.3K#3")A%66-@9;6!UK83
MN)L+(PJP.)<UC7$&&3O))G<V-K(VNEFD<Y4:B-3KZ(B9;",81C"`:(##N"ON
M7)WKER[<D]R4B2>9)<GWJCRY6)A$PB81,(NY;^)C@F6RV3:?D!=B.0#7("=+
MT=9HG(V>]LX(G[-;CO<C5_\`:Z:5@37-5S)/?SM7HZ+.`]<=2$+-GI=N7BF=
M\_[(^4>TU_NCFO:?Y1=`-W)R_4-^'[=L&U:?C.0\<A_9CX>1WRXA=[^>:+WU
M,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(O_3]_&$3")A$PB81,(F
M$3")A$PBZPOY-/C3+RMQI!RUJ@"$;QQ4`7-:00,52[SC]'2&VHS.BIY2-:F=
M)80M^JPN*:U'2/8U>R]']7&%F'!OR;&OD-R$]!_B^4]NW@Z\L_FAZ8/5NEQZ
MQB6WS\2),@-96=9#O@7F.S>`Y("\X^>L+YL3")A%E/B^_I*=^U![(M>M'=U6
MN!6,)=?`426$/R-I-A:"@$H+/9A2K1BER.45\4JI$CD57LCZ869:N7/(E9?S
M(RD0Q9CY<P"0[&I&OXK:]*R+%DY<,K;Y%R$`00"2!>M&0!8R'@$CX2#3F`I5
M8VM5745\ZYBXY+W8G6[P(&2@IM+.J803-MX^2JE"@UX%VMP[(E8R_P"DRQ_D
M!PY&]SHW-@[(80G.[:\LW1C"8)W&8+B,W?<=VU]E/E)YU67<NVK>/D&^,8YQ
MM2`V1M&(!N6=K"`V">WSJMO$2'8[6LVD['K]+05\)0.I$G2$\JD6*WNN4]V5
M*D6@TCM$'=/:@F2BC?NF*?P-'=$KY7O217-Z(DF1:NW+LS&5P1:VVV1`^<[]
M"'\+.[T9E#@Y.-8Q[8G;LFX3?,M\(R/^U'R@\@6'F.S,Y)>BEP%GJ9\&O')'
MQ]"V>8*?E5A=3J5>5)0-JZL98M4K20!U`M$C'LN]NO1PFO+EAE>BO\4B8\H7
MXF[%[M'\MC(C<Y^8O4?+\[A@0.(69;NX=R.-<;'`)!R'C;!V;8C]N)`:5)OY
M($MQB35BE)=Z:1.7'%3ZB38!:KQ<#4QR/X^U@!8(-4A?OY!I^ZZGL%/:[!-M
M3X7RR2L_).3S-@E\+71*N6\@")-RX(F=PGYY'YO`PA*)$=KLWAT</5+%_"E*
M8%FR;D;-@1_V8!A;'G$F[;G&4_,9R1O^81.UPJ'B[8Z*BWK=)1Y]?J-<*/HR
M`??2!'1PU-7R[I-ND%1;[!6`6\SQ:`2>9%CA&+(9!Y'0MD8C679MF[=QL<$3
ME=`+LXJ;4Q41)%9$#4@.SLH^E9./CY^<8RMPQC*)#L6C'(M2:,IQ$BT`301D
M0'VN&'SJ5SKER(-:7(NFQ[&!!M\459'4Z#K,-D&A6B/I1?)?UO[*$.8RSNGQ
MFG`V!#H('PL8LJ"R05OV[MN1A;E<\H[:O.3%IN?"=Y%(4B8AR^FX&F'>QK\(
MW;T+`R8BYX=MJ`D'M;1XX^4#XKA$IQF6!B`^PQNFW7&@BW5K4TH^E2T-D%R<
M;,2-54-C.AQFNEFZ<P"]BHJTNN2&[9![:(.*NCC>YT3AXHU=`VRQ;RI6X3N&
MYYH-L:R%!(";Q<@T=R3+FY-5-F7NGPOW;-B-@X\HWR2(P)<P)MM/:#'Q,PB(
M`:&(#Q5LXX;IJ:/>0WO[:G,L*_D*&.6R+TRML:JV33%;IJ=]Y57>UV49NR-B
M0;\7^+'%E<]Y9CHE>D%^7]1]3;-K>(@PT$R"-_CT(B&B[[MQ(^6+ZQ=,^B^@
MOQR/*,Y1O#Q&U$QEY7[?S1E<D\V;R]@B7,YL^V,ZI(`W3)HQYM$C+?9[3^Z_
MW8!2$V3:%VO4[=977WV$2[#[Q]E^3:Q*1[)V$>)Q2I'XG)-?$OJ`2+NUH[=I
M+;MQW;F\+-M^>C/MJZQ<0VQA$1..)[KGF>8(F6S9'9L?QONWMY1<%C.C%9&F
MM>.1:<&8>EU+PB4$,E$4=:Z?:V15R+QGLJRMN=:KM*'NG/FW)PZ%-NCY(U-\
M/LO.,G<S$$,N5R0-RXYEX@!(``W(Z2,V^1VV1T?<Q6R-WIL+-N4;%G:+?@)E
M;E(R%B?S0%H2K<;=YDR-VW9NAIA[9;#6;6LI+!\3(=E(UN)MA'KU;3T].VV%
MV380FK8U@`P8HI,FMC`.7VL3$E<OED[I'O<[/LQO0G<@_P"R)TW$DL8Q-"7)
M\6[4TT%`%ILJYBW;5BX0V4;5=D8QCN$YCQ1``!V"'R@/J:DE8]S*6N3"*=<9
M\=[-RSONK<=:>&INP[9;058+%218!F/[I3;(Y\3)'PUM2#%(23(C5\<$3W=%
MZ=,QLS+LX.+>R\B36H1<_<!VDT':5G]+Z;E=7ZAB=-PH;LF],1'(<Y'E&(>4
MCP`)7KRX?XNUWA?C74.,M68OXC4ZF,%I+XVQ3V9\LDA=M<E,8Y[6EW%H1,3*
MB*K6OE5$^U$SPG/S;O4,R_F7O]R<G[AH`.P!A[%]B=&Z5C=$Z9A]+Q1^S9@S
M\9'64CVRD3(]ZR3F(MFF$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$
M7__4]_&$3")A$PB81,(F$3")A$PB_%1'(K7(BHJ*BHJ=45%]%147T5%3"+S3
M?R"_$(C@?=Y>0M(JWIQ%O-C-*/&)"OMM)V0ITA).M3)&G8-5%]'RUBKVM2)'
MP?6%'/\`7O2W7AU/&&+DS_\`/MCC^>(_-WC27OXT^8OYB>CI=`SCU'!M?_T]
M^5&%+4S4P[(G6'8\?RUZY,ZQ>;)A%/=%T==X=>"CW-?665>'32589T=@Y+<V
MZV[7=5A&0@,$N$2*&2^:]\DKF^O:B(J*]S,;)R?IO+D;9,"2Y#4`C*7$A_EX
M+88&!]>;\(WXQNQC':"_B,KD+8#@$!M[DGL[6X*31CKFALME=:TM345@MP3-
M-9RV/EE?3&Z;7R!C#5U;8SS%&&;T"R%.U&=/*^1T;(U=E;F3&W=A9V2E<D1H
MW$3+U(H!`O[&<E6V,"Y?Q[N5YL(68"1)D_Y3;#`1B223=@!PU)(`=7Q.+K2O
M.LA[^6$>$*;DJL@D"F=*MA:<>Z;/M$Y`3I!DCGI)UG![9_M6>$I'1I]7-B^M
MA.,#:#D^6:\!.>VO;K3@153_`/%7;=R['(($8F]$-QE9MFX2*5B7C7B)4[,6
MYFK5)A$PB81,(F$3")A$PB81?J(KE1K455541$1.JJJ^B(B)ZJJKA%Z0_P".
MWX@R\'ZE)RAR!6+!RIO-?'&-6F0JPK2-3G6(F*HEBE:D@]]<21LF/1>CH6,B
M'Z-<R;O\E]5]>'4KXP\6;X5LZC2<N?\`9&D>=3R;Z7_EQZ./0L,]5ZC:;JU^
M-(D5M6S7;V3EK/E2-")/V8YQZ]/3")A$PB81,(F$3")A$PB81,(F$3")A$PB
M81,(F$3")A%__]7W\81,(F$3")A$PB81,(F$3")A%%MVTK6.1M4O=(W.H%O=
M9V.OFK;:L,9W1S02HBMEB>G208P69K98)XU;+!,QLD;FO:U4FQ\B]B7[63CW
M#&]`N"/XT.A&A%"L3.P<7J6)D8.;9%S%NQ,91/$?<0:@BH(!%0O+Y\OOA_M_
MQ?VU7L0S8>+[XJ7]H;EX458U7NE37=D6!C8`MA#B1>CD1D)T35EA1JI+#![+
MT'KUCK-BK0S8CQ0_[H\XGW@T/`GY8]8^C<STKF.-USI5P_MW&_R3:@F/8)"L
M>,8Z;9OUQ:DVK[79ZB2<95,%4HP4,9LQ,<LC@Y:^^I=D!-$;'/#'[H6UH1W(
MDJ2PN:CFOC<B^D-ZQ"^(QF^T$^UXF)![")'1CVK*Q<N[ARN3L@;Y`!SP:<9@
MBHJ)0&KCF"KO:\@V%A52T(-+KNNTDP]@.ZMHPS6QK^4M]<NS9GEVEC:64Y$A
MNJAHU\L[UCAC\3.V-&M;9#%C&8NRN3G<<5)'`2`H`!I(\-:ZJ:[U&Y<LG'MV
M+=NP01MB#^:4)$O*4I$O;CJ2P#"E%6;EO\VPFZZ@C9%K]6T@'1ZYQPXXQ)@D
M%//5%69@M?)[6,Z9A3F1JCY7M@@@9+),Z-7OMQ\46HW=WSSN&9;@7<`$U:GO
M)8!U?F]1EDSQM@_;M6!:BX`)`B8F1`H]:5-!$$R(<XVS+6L3")A$PB81,(F$
M3")A$PB[S?X_/@5+42T7/7-E0Z*S9X;7CK0K(?H^N5S4D"VW9Q)V]66+4<DM
M>&]$<,O;/*B3)&R+S?U1ZF$Q<Z9TZYX-+DQQYQB>7ZCQT%'?WC^7G\OS9./Z
M@ZY9:[25FU(:<KDP>/&$3\OS&K`=U&>>KVY,(F$3")A$PB81,(F$3")A$PB8
M1,(F$3")A$PB81,(F$3"+__6]_&$3")A$PB81,(F$3")A$PB81,(HWM^GZQO
M^M6^G[G1U^QZS>BN"MJ>SA\PA<"N;(WJB*V2&>"9C9(I8W,EAE8U\;FO:UR3
M6,B]BWK>1CW#"]$N"-1_'$:$4*QLS"Q>H8M["S;$;N+<#2C(."/N(-014%B"
M"%YY/EQ_'/NW#<MGO/$L%IOO%[5G-+`BB4W;M*&15DD2R%'9Y;ND%CZK[Z!G
M?#&U5(C8UBS/]4Z%ZLQ^H"&-G&-K-T!TC/N/`GD=>!X+YR]8?RVSNBF[G](C
M/(Z54D:W+0_K`?-$?J`<#Y@`-QZR<[!>7IA$PB81,(F$3")A$PB81,(I#JNI
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M:2:2/`P^AC<Y4:B6(XCG.]&HY%15]&Z=Z@Z7U,1C8R!&\?R2\,O9PE_=)7A7
M7?17J'T^9SS,$SQ!_P"[;>=MN9(#P_OB*U7S=+E$PB81,(F$3")A%75M997)
MXM73UYUK9G2I`%75HDYQYD[NJMA%#%CE((E<B+T:QJJN6SG"W&4[DQ&`U)+`
M=Y*OM6KM^Y"U9MRG=D6$8@DD\@!4KLFX%_C!YJY)>'<\GO;Q!J<GBF</:0,/
MW@^!Z-D[!M;CFC93.>WJQSK&6">%W1?;2)U3.1ZGZRZ=B"5O#_?O]E(#^]Q_
MN@@\PO3?3_\`*SKG4S"]U4_1X9JT@]TCL@_AY>,@C])7>3P9\:^(?CM2OJ>-
M-9C"-+A9#<[39O98[9?I&[R-2UN70Q.4=LB=S1AV0",?]S(FJJJOG'4NKY_5
M;@GF7GB-(BD8]P^\N>U>[]!],]']-V#9Z9BB,R&E<E6Y/^U+E_5`$1P"SQFL
M6_3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(O__0]_&$
M3")A$PB81,(F$3")A$PB81,(F$3")A%^*B.16N1%145%14ZHJ+Z*BHOHJ*F$
M6JG*7PF^,_+LA)NR\8U%9=DJKW[%I[IM2MW3JB-4DE:1XM?:$*U.G<8.3Z?Y
MHBIN\+U%UC!`C9S)&V/RR\0^-1["%R75?0WI?K!E/*Z7"-\_GMO;D_,[6$C_
M`&A):&[O_#[K1#YY^..9+NJ8B.<-6;IK@-]WN]>V.6[I"]>6%B+T^Y`)5Z?I
MG38WKR\&&7T^,NV$C'X$2_U+@,[^36+(RETWK5R`X1NP$_\`-$P;_`5K/L/\
M3?R1JWRNI;_B_9AT5/"@NP7=8<]O6-J^8:VUL8.%Z*]R]&DR)VL7U[E1J[>U
MZXZ1,#S+5Z![8@CX2?X+F,G^47J:T3Y&1BW8\&G*)]HE``?XC]RQ[-_&5\NX
MI9(V:1KY#&/<UL\.]:HV*5$7HDD:$6<$R,=]4[F-=_BB9ECUAT(@'ZF8_N2_
M!:X_RO\`6()`P;9'/S;?WR!597_Q@_+4UZL)UG4ZEJ/B:DMANU)(QR2*Y'R(
ME5+9R=D")U=U:CE14[4<O5$MEZRZ'$4O3EW0/WLK[?\`*SU?,M+%LP';=C_V
M[M/^CK+^L?Q#\SG/C=MW)/&^N#O15<E*W8]H.B_I[6O')JM:#5ZKW=>TER)T
M3U7JO3`O>N^GQ?R,2],]NV(^V1^"W&+_`"=ZW<(.9U/&M1_J[YGW&,!_F6V_
M'W\2W!VO20%;_N&[<B$PN19`1WB:9KY3?JYLX=:MC?MZ]/18K6/HG7ZKT5-%
ME>N.I708XN/;M#G6<A[2T?\`*NPZ=_*'H6,8SZCFW\F0X!K<#WB+S]UP+L"X
MTX/XCX=#4+C/CW6-01\;89S:RNC=<FQMZ]K+*_+4F\LT9U7I[@B7IU],Y?,Z
MCG9\MV9E3N=A-!W1%![`O0^F="Z/T:&SI?3K5FE3$>(_VIEY2]I*RIF$MLF$
M3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$7__1]_&$
M3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB8
M1,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3"+_TO?QA$PB81,(
MF$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$P
MB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB_]/W\81,(F$3")A$PB81
M,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A
M$PB81,(F$3")A$PB81,(F$3")A$PB81,(O_4]_&$3")A$PB81,(F$3")A$PB
M81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3"
M)A$PB81,(F$3")A$PB81,(F$3"+_U??QA$PB81,(F$3")A$PB81,(F$3")A$
MPB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$
M3")A$PB81,(F$3")A$PB_];W\81,(F$3")A$PB81,(F$3")A$PB81,(F$3")
MA$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(
,F$3")A$PB81,(O_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>g36434g48k25.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g48k25.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0YR4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@`````````````!GP```E<````&`&<`-``X
M`&L`,@`U`````0`````````````````````````!``````````````)7```!
MGP`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"]4````!````<````$X`
M``%0``!F8```"[D`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!.`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#MW9F$"YOV,0):??R![/#^2HNZITX/:Q^.QK]`UIMAW[_M"JOR.G;W
M?I;S[G<4$C0G=&JB;>F$AQ=<3H&N.,29_-VGY*/[QA_?C]K-]US_`.;E]C=&
M9A`!HPA`X]_GN\/W@K]W5?2IHM]+=Z[2[;NB(V_R?Y2PSE=,'TKKQ\:"/RE%
MNZGTNVFBKU;F^@TMW>D=9V^?\E#[QA_SD?M3]TYC_-2^QNCZS8Y,!K"==!:V
M=.=(2_YSXWA7K_PS5E"_HH(<'O#F_1(QQ(GP*7K=%_?=_P"PX_U_.2^\8/\`
M.1^U7W3F/\U+['H,'JHS+16VO:TLWAX<'`C3B!_*5]<SA=4Z5B7>H++7`-+`
MWTMH`T\#_)5[_G3TO_A?\PI?>,/^<C]JONG,?YJ?V.PDL?\`YT]+_P"%_P`P
MI?\`.GI?_"_YA2^\8?\`.1^U7W3F/\U/['826/\`\Z>E_P#"_P"84O\`G3TH
M:GU8_P"+*7WC#_G(_:K[IS'^:G]CL))FN:]H<TAS7"6N&H(/<)U*P/\`_]#I
M:*6.K<27C<^S<`]P&ECOS6GR3WTL91;8UU@>&DSZCCJ-?WE/&_FC_7L_\^/2
MROZ+=_4*RZ'!=#Y?V.WQ'CJS\W[45&/5=CUOMW/<X;C+W'7CB5&[$IK(V8SK
M6P2XML#2"/H_SCF_21<,.^RU0?S?#S/FGOL:P;+&N>UX,AM3GM@<M?LW?2E*
M,8D"X@Z#HB<Y`R`F8ZGJUVX]1G]5<.(_2M(,D<;7_N^]$KPL=U;7/I-;R)<P
MO)+3^[N:=KE&MN(';F8Y8YD%I^SN:1J&-V&/Y7YJLUO-E;;!+0\2`]A:[^TQ
MQW-3C"/[@^Q:,D_\X3]2T.H454-8:F[2[=.I/$>*LMP,4M:2PR0"?<>X0>JS
MLKDS]/M'9JO-^@W^J/R*.,8\<Q0TKHRRG+VX'B.O%K;3LQ6-LVLQ'6,@0\6@
M:D^X;'D?0:F.,W3]2>1`)_2MG^K]+\U7DE)PP_<C]C'QS_?E]K7^P8G[A_SB
MJN7B"HE]0_1CZ0GCZ([_`$MSGK25;-_F+?E_U5:9DA'A.@'71DQY)<0LDWIJ
MZ?U7SS;0["L,OQQ-4]ZSIM_ZR[V?]M+;L?Z;"[:YT1HT2=3'"X/$RK,/)KRJ
M]75&2W]YITL9_;8NULN9?@^M2=S;6M<P[_3D.(C])^8K7)9N.'`?FA_T>C0^
M(8.#)[@'IR?A/])__]'I:W9+:_T-;+!NMG>\L,^H_;$,L2N=DG'N]6MC&['?
M1>7&=(_,8B8W\T?Z]G_GQZ65_1;OZA69_D_\']CM5^LW_2_:QP]WV6J`/H^/
MF?)1R/LPL:Z^P5/<WV_I7,!#3N.@VM]JEAG]5JT)]OEXGS1'ASV%H!:XC1P#
M21_*`<E#Y8^01D'JEMN6HT8!U;D;MH!,9#SH"(>[W?O>S<K&/L]%KJ'"RI_O
M:\O=9(/=KW;O:HC'R`X..1:=02"RH`QRWZ&[W(\Q^:1Y:?WIQ/B5@'@`T>JS
MLKF/S^/@U6_4+6M]KG:`>UI=^:TZJIU4RRO0CZ?/P:CV;2ULU^H0-/=M(]K/
M^J4<?YR?^#^3-/\`FH5_6_Z23UC`.Q^O\@IV6%Y(#7-B/IM+>?#5":6L=O93
M[XB=XXGCW(AN=/T)'8AP4FG\BQ:_R#,DC4ZCR5;-_H]OR_ZJM&#]S3(VG729
MT_>D(.9_1K/@W\M:9/Y9>19,?S1\Q^;F+JNCUY.+T,/?O)>[U*JV,#W-8]PV
MPS\[=_/?\'ZBPND8!S\YE3A-+/?>>VT?F?\`77>S_/77YH'V5_T!&V-[BQNC
MA])]?N:I.0Q&SD.WRQ\?WF'XGF%1PC<^N7]7]U__TNEHR,=E9:^UK7!]D@G7
MZ;TLG)QG8]K6VL+BT@`'4E#%5CP]Y!/O?#O5VC1[OI-+';=J@W8YVQKFN)T#
M?M`W2?<S\S]S\S8LBYF-`:5VD[OH$K)UN_FBFQ,G&9CU-?:UI`@@G7DH%KQ=
ML-UF'8YH(W'U!H8W-:`?SD7[/;^XZ9,?INW_`&W])"M$$L%C*G@B6OO!(TG;
MM<UG\E&,\@%"-T/W9+91QR-DD6?WHL=M#9V'#;N!#A^D(/T7,[_Z1ON1Z+V5
M;:_4QF4-$-9672/"-Z$,;+<W<U[7-\0^1HHOKOK<&V75L<=0'6`$@G;^<E[N
M4Z<!^Q7M8AKQ_P#.'\&74;J;16*[&OC=.T\3M1*<VNQFVUS&.9`U,`_U?I?V
MT%E=]AVUW5O=S#;03^"D<;,:TN<\!K0227P`!R2F7DXB>$Z]*9+Q\(C8].QX
MFQ]HQO\`35_YR7VC&_TU?^<JC&VO<&,R*WN/#6V@DZ;N!_)1/LF;,;AX_31X
MI_N'[$5C_>_YR?[1C?Z:O_.0LJ^@XU@;:QQ($`&3])G_`'UJ"66M+FNOK!:8
M<#:`0>8,J5E&94PV.?`;!D.D\^U"4IT;@0*[)B(<0J5D$?I/3]!Z=]BP@;!&
M1?#[=-1I[*O^M-_Z>]:)`<((D>!5/I.>,_"9<=+![+AV#V_2C^2[Z:NK5PB(
MQQX/EK1Q,YF<LSD^>SQ/_]/L&=.ZM6"P8@<-SR#ZK!(<YS^/[27[-ZD#(P&`
M@S/J5S/W+%<^H/L&S'=[WPY^W=](^+VIB^O4[,8#P&SSX]^Y90GII&?VQ_\`
M5+MG&>L\?UC+_P!7.V[`ZNX:8I:?$6LG_I`J!Z5U8_2QBYVGN+Z2=/\`K:Q+
M74N<#MJ;IQ5$?]%STJ'8[;FFQK7M$RTD`'3^7[4AD-UPS\[C_P"J5'%I9R8_
M+AE_ZO=T=-ZL(VXI:T?F"VL-UG^3YIST_JCOI8+7=M;&'\H6078I>7!M(83H
MPBDD"(@/W_VE$>CIK2>>6T3Y?X1OT4^QWE]O_KA94OZOV?\`PR[(Z=U)I!;@
M-:1H"+*Q`^Y,_I_5W-V_92S4&6W,!T,QJ'+'_0;IFK;).TMHF)^CNWI#T(_P
M/S;3_P!+](E8[R^W_P!<*J5?H_9_\,NFWHW5VQ%3Y;!!]2@'3X5?V/ZB/]AZ
MMNG[&.(CU6>*Q?T,B320.?;1KY_SBG6_#:2;*ZK)```]%H!`]SM'.=[TB1_6
M_E_U!0B?ZOV?_#+?/1>KN))KL,DG6R@D3V&ZK\S\Q$MZ9UBS'-/V:7$`>HZU
MA)((]SMNU9_K=-_[CU?YU7_DD/(MP'4/#*:V.($.#JR1K_).Y-E(<)OBJCU`
M_P#4"80/$*E#<=+_`/?A[3!PZ\+$KQF:A@]SN-SCJ]_]MRL*GTFO)KP*VY-Q
MOL(G<YKFD`_18[U-MKMG[]C?45Q:.,@PCPBA0H>#DY01DF)'B/$;EM9_PG__
MV0`X0DE-!"$``````%4````!`0````\`00!D`&\`8@!E`"``4`!H`&\`=`!O
M`',`:`!O`'`````3`$$`9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P`"``
M-@`N`#`````!`#A"24T$!@``````!P`(``$``0$`_^X`#D%D;V)E`&1`````
M`?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$!`0$!`@(!`@(#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M_\``$0@!GP)7`P$1``(1`0,1`?_=``0`2__$`.0``0`"`@,!`0$`````````
M```&!P4(`P0)"@(!`0$```<!`0```````````````@,$!08'"`$)$```!0,`
M`P@+"@L&!00#```"`P0%!@`!!Q$2"!,4%975%A=7(9+35%6U5G:6-QA2DW24
MM-0VUI<9,2*SI"5E=;9W.`E!,B,DA691,U,U)C2&QD=A0M(1``$#`@,!!PX'
M#`D$`P$!``$``@,1!!(%!B$Q$],55@<709'1(I+24Y.S%)15%C91,E)RLG08
M87&QHB-C5#5UE3=70C-S@Z,DU"4(@31DM&)#PZ&"_]H`#`,!``(1`Q$`/P#W
M=;,M39SP/M+.#?E1(NSNA?LW-C2A:=OS.[UF)*A1[7!D29$;ELRV:P1C";(E
M@5R$I+ZR&*UR!#O<P@J^_C+@\46ROW%+7N=[7V,,GS_',&O,K3J.2O(KKC/%
M"O,V1]HF%O"Q9_3XRO-,<H;Y9RNUL60I2QR3.D6+$:TNZ`M(U.:.V\S#0'VL
M`FS8IU.LD1DK'SBFP1M:9P=R3V'#3SEB9Y:D.2U&+&IX634DETCN5<NQY#TC
M['<ZR(@1JT,@0Q\EG0PXO<336IJ$:5=03[X5(S7:!R89BC'4J#DR:1Y#'H]G
MM(@AC]M/3B*+,FOC'DBQ+!,]EC:N9</#B^U>\1QG)NW0Z*3V-*[21`<F/<@+
M#Q'K1E[1;.#RUD%QEZQU-G.6X_M4J-J/%S!`]FYT<GA"QG[+[Y,,>I9`L=,3
MI$0H@\Q8S!SF[R&23<258KC,M*4MY#F3=$4SB+S\"H'9^GFUM-I9A79YREDC
M+:5AS?$-L66P;.C.H=$+RECCRVR&,%0^2NI*HHZV1=G^<'$N<<5G;VL8R.[4
M!.(:AO6&V+TTVE;#0G*TZ;-NT,3=<A2'(Z.59MRG%^;,;RA-(W+L9Q)KQ[+W
M9@:LP;),UA;A!B,'MAS(F,8<G19V9W%]<535<\:U.N4IS"\V461R5DB>(<G9
M7!TD9%:=I=DVD<4QK9XP4VO3\FA<TP.Y*,3`=5A&-TZ*\:R)`),S.TB4R^:J
MTK@KA:L"PHIS:^"RBR_5Y^!:IESC;*B+"V9%AULB.4LR"[_U%XY"E`,XY8S0
MIG\OQZ#/COAN*N.SED)C;\=8R-844``J8#(PL7FNAC.0WG%@*=#32/%%LVJP
M'_:D=8(3M`0#9FG66\YO\WQ#BZ.8%>7+)`LQA69_R3,CL8\/`>9Q>-),<3QI
M5RLE[D\-4.S<QQ]`PA472L@%`RS"4W*J'1W:#VN8_D/"$<MTR+'W8[BVVV/:
M,Q%.36*0S;/F(X)D#8P,Q,]R%?#I'(XK*LT(]F'/'.1L5MSDKX7F#6O;P#U5
M:H`24'75?1[:;F"'9=B-\PY)GJG+61\'_P!/MEP\X37/V5\$Q9!F+)6RR@?<
MF9&ROD&%S>!KDD(CJLQ;(9,6L67NY+B"DA)8W16C"(E-OW%;,PSMEW%L@PHO
MPIDC,VTWL[;%$"QNX[2N=66:0.;1?-BS+$H1-F7)%DAR=,B$R29J\0X:1N$N
M:4492O"="YN:=,=<L"<JY1>;*&NZ5;TJ;)=`9CM&.</R!GP=HAMP?TW<<PHA
MYSMG.;LB+&&6<Q;%BS+S0D9)?/)`QN+5(DLR?B%JDT@XU.W+5*0LTI)<1-B?
M`HH9EG*0(VP.<?REE)SVHW2^TH7M78D/?I$MC^(H@P8HS8[,;B@@IZ/@3$K-
M",H,D3;H-(FU,@539"K"88J>`JC5Z<FS_HIYL%93VDW7-;)AC/[M,WU;C[8Y
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M!_%N(L`KV_#:U3!$X@&H4.(+`^VMBOP!D#BJ.?6NO=Y=\(3$$]M;%?@#('%4
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MBY8;A_&ONEKV_LM>HFM+C0+PFBU[]M;%?@#('%4<^M=1[R[X0O,03VUL5^`,
M@<51SZUTWEWPA,03VUL5^`,@<51SZUTWEWPA,03VUL5^`,@<51SZUTWEWPA,
M03VUL5^`,@<51SZUTWEWPA,03VUL5^`,@<51SZUTWEWPA,03VUL5^`,@<51S
MZUTWEWPA,03VUL5^`,@<51SZUTWEWPA,03VUL5^`,@<51SZUTWEWPA,03VUL
M5^`,@<51SZUTWEWPA,03VUL5^`,@<51SZUTWEWPA,03VUL5^`,@<51SZUTWE
MWPA,03VUL5^`,@<51SZUTWEWPA,03VUL5^`,@<51SZUTWEWPA,03VUL5^`,@
M<51SZUTWEWPA,03VUL5^`,@<51SZUTWEWPA,05P8HS7%<P\/\V6^0(>;O!>_
M>'4K<FW7A?A'>V]>#W5SU]3@PS7U]31I#HUM-]$+F%E*KT&JN"H%ZE$2B)1$
MHB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$
M2B)1$HB41*(E$2B+_]+Z2,U^MS(_G@^?+C:JV?%;]Y2CNE5?42\2B)1$HB41
M*(E$2B)1$HB41*(E$2B)1%D&G_NK9^T$?RDNAW"B]\*HE.6K^U[ZFEOG`P_E
MS:F1?'"A=N+R?JI4M*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B+T`V%__`+1_
M]D__`"ZI,W]%1LZJ]`*D*-*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB4
M1*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$7__3^DC-?K<R/YX/
MGRXVJMGQ6_>4H[I57U$O$HB41*(E$2B+4<C/V59**5R_'.&&Z:XGA\^?8`8N
M)G2E#DJ9FPR3FPZ>22!0^\041IR:([(D"Y.F*5/J4YUW@<,NY-KD[M!B.TAN
MQ181LJ[:HZ/:ER`Y9:R#CN+XWQ":T8]R2V8X5O$VVCP0:6O*I9%87*U#HRP"
M^)7\:M,!+,RTZ8%G*^^E*<P%A%_V,1J0`-A^%>X10&IZRY'3:DG9$-FN;F?$
M[*[;/D!?I<A=I$*>.2?)+Q$<?R!;'9SDJ-08F"+&53'610SKU*=*H>DZQQ;T
M@E`-RN,DHYB-"ZG:IA%0*[5ND2<2H)*4)S2SR#RP'$'DC":2<2:&PRS2C`7$
M`PLP`K7"*U[VO:^FU1J!<E$2B)1$HB419!I_[JV?M!'\I+H=PHO?"J)3EJ_M
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MMI7![1%&J<..0&]+%7MOR2ZM;P-N?1DK&_$#:_.^1U("2VH:L`8NW1A>:;89
M81&V3WL38R]P6$Q"E:KRB[6,MH3$F8'1>R0*3+7!W0,C;*+-KU$II"UCK$WD
M=RVF8QDB;1Z.CET-<3;:A+NU[\;3!WL&Q]Q"M:X.!W%[14&DVJ\BO^;I]BN*
MXQQ`:QX]RJSXP<GR8;288=.G<Q;$X-,5[W'<7VQ`^FNI*9OFX"4I-G<._524
MPO="OPA\Q&I`'_\`4ILJKR6;2N#T$48YPLR`WD1620Z?Y`9'@3<^B)7P_%S;
MPO/7LLD#4)661'&[_%,+&6`XVW8*`9?L5[B%*U7E%A$.UKL_KVJ8O0)TH1(H
M*DB3@^`>X9/H\Y*VZ?K3FV`.<297Z+MKSD!KGCH0)(QJ6$AR(=U=K$)!G&WL
M"[$-NU>T*B%]M?#"N=XB@L?.E+ZMRQ,)7`]TM!9ZSKH-*HJU%."EAG<<>XHA
MD$5>1'*TX#DKBG1GH4R@"Q2$M'?=J\Q"H"4*[#/MFX4#"\?2>:2QJ8ETVQ['
M<DKR(JCG>0(O$8K([C(0R>43)O@+45$8,J<"#2$SW(T;`E4#*';0`01`"Q"@
M)2A4S6;4N"T,XZ.U$U/YS@G#-C55N$1G"N.MD]DC:TNT9BKU-DD:/A3$[RA$
M^);M9:QP(X2--W)-<TT`P!]Q"M$H5D\8[1>(,Q.RAEQ[)'-X6%,MY*B-7PJ=
MQ=KD<9"X!:A2>%/LLC+&R3R,A<3`$W<650O1V&8"VZ?C@T@0=Q**[J]7B41>
M@&PO_P#:/_LG_P"75)F_HJ-G57H!4A1I1$HB41*(E$2B)1$HB41*(E$2B)1$
MHB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB__U/I(
MS7ZW,C^>#Y\N-JK9\5OWE*.Z55]1+Q*(E$2B)1$HBTW!@+,D?1S#'>/<M,41
MQ+-,@R*>`7IHX\@RO!$DZF!\WGT0A+XAD2-@*(>GUR<!M[F>ENH:`.`PV(4W
M**$&#"[:`=BCJ#0D;5AP[.&56++>1YW%7K9U<(_D7)S;D@\O)&$I'+9^PF)H
MC!XBI:F*8MN3XXB1D`(A0522]V\=TZM28.^O:]@V834D4H2F(4`V]=?ETV9<
MH#@LWP"QY&B;?@"?O<S-7B.C#L;E&.P7)$@<Y%.L<,+D4]EQM2E<#'QP1('1
M2GN>W-ZNQ=TZ@P@LT3":%M>U*8A7%3MENZ002E()3)B@$)TY19!!)8;`+)))
M!8LHHL-NP$!8`VM:UOP6M4:@7+1$HB41*(E$60:?^ZMG[01_*2Z'<*+WPJB4
MY:O[7OJ:6^<##^7-J9%\<*%VXO)^JE2THBH/-&)Y+-GK&>0\>21HC.3,1O3\
MX1PV3-*IZB<B8Y:QFQ^6P^2I&Y<V.R9"[IK)E)"Q(=NR-<A(-N6>78P@SPBM
M"-T+T+5.%;!SBP2.0RI0\XEBHI1F_9ZS.HA.)\5`A,'8#,'KWY4I8VQ(2\&&
MNKE)N%"SCGA064<-;8TVY`0"+)*A#-W<W1__`!*JR'?98F[@^R.,I\@1DG"$
MQVA8KM(/S0?%G<W)I,CC,NB&1388URLJ3$LQ4<>)]"TRG?MT(5R-N--0EV%I
M*4D^X3MV[*U2JURRSL6YE)PK*HLUS"+RYAQEC3;5)Q=$V.(.Q$]G3CM"8^R8
MAC[,]NJN2C9$;JPN,SLB+WJDN4XZ+&BNGO?<@PEIIN_#_P#U>UVK;/#>&,J-
MN1([E7+LNA[LXQ'"!.'(@S0J*NT8"-"]NL4DDND<O*=)"_%6>UCA#&XE*B2"
MWL@++47L:;=1H+B`-:GX%Y533'.SW&8;.LRS][;XM*'_`"9F$.4&-V5Q9ON^
M1!(5CC&T'2L:=X5V6+3!I5\%/7`.)$0$-UNK8%A!$,?H%"3]U*K4)3L'Y-=H
M&V8O=\KPD$/A&&MJ##$$4MT(>[2)8W[0<=.86R2S`]3*A-]UT1($6$Q&B)++
M5W`,S=@;J$LB'`:4KU"O:_<5QY-V2'N:S4S(3%/FQCDC-!=FIHA@'*-JW=H3
M2_9SRK/,EI7"1HDS\U'.L<EQ,SNW&IBC2%"+4NI+-&8$L-O2VIK7X%Y59L&!
MLS.TOQ'DR6Y2A#C,X!EJ939R:$6.C444)@D[A)$"<8#&5"!^:WX]V9&DD2E,
M^O`W`]0M/'NJ<*4!"4E0[#7;5*JE8UL.Y*Q_C-3B^"Y9AI;7/]G/'^SOEETD
ML#=W9>0E@C'*HP&;XZ3I9>A2)%[G'9@J(NUN5E"0I462KW0>@],I\P$"@/47
MM0K4)V0!H6251]MF912![VLL%[1S9=6UJ5BEO9,,),"(@PU8H&Y!&X.;T3A8
M?Z0_$"6)>&XB1[E?7]P_=ZM5Y5?G9ZV7)EA?)#C)S9E&VV&"C\G9A0+'".9Q
MV(3)X?9&T/+;.W['SW+Y!CV!R1A0-JA/N<6;V\"XUR4&'&;B$E*6:VAW=B$U
M6[M1+Q*(O0#87_\`M'_V3_\`+JDS?T5&SJKT`J0HTHB41*(E$2B)1$HB41*(
ME$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$H
MB41?_]7Z2,U^MS(_G@^?+C:JV?%;]Y2CNE5?42\2B)1$HB41*(E$2B)1$HB4
M1*(E$2B)1%D&G_NK9^T$?RDNAW"B]\*HE.6K^U[ZFEOG`P_ES:F1?'"A=N+R
M?JI4M*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B+T`V%__`+1_]D__`"ZI,W]%
M1LZJ]`*D*-*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB
M41*(E$2B)1$HB41*(E$2B)1$HB41*(E$7__6^IG*^%<JO62YT[M4'>US:XR=
MW6(5A!1-R5*8]68,DXN]S@WN`P%[7MV+54M>T-`)VJ60:G8J^Z`<R]7L@]Y(
M[O46-GREY0_`G0#F7J]D'O)'=Z8V?*2A^!.@',O5[(/>2.[TQL^4E#\"=`.9
M>KV0>\D=WIC9\I*'X$Z`<R]7L@]Y([O3&SY24/P)T`YEZO9![R1W>F-GRDH?
M@3H!S+U>R#WDCN],;/E)0_`G0#F7J]D'O)'=Z8V?*2A^!.@',O5[(/>2.[TQ
ML^4E#\"=`.9>KV0>\D=WIC9\I*'X$Z`<R]7L@]Y([O3&SY24/P)T`YEZO9![
MR1W>F-GRDH?@3H!S+U>R#WDCN],;/E)0_`G0#F7J]D'O)'=Z8V?*2A^!.@',
MO5[(/>2.[TQL^4E#\"[K;@7,13B@-,Q^_@+*6I3#!W)(T!``\L0A7_Q_P!#;
M37A>RGQDH?@7LG5*IJU]VFHQ()?BU6S1IJ5/+H-Z9U`$2,(1'")(.,$<9:PQ
M`MJEVO;3V:CC(#JD[%"[:%YP]`.9>KV0>\D=WJHQL^4H*'X$Z`<R]7L@]Y([
MO3&SY24/P)T`YEZO9![R1W>F-GRDH?@3H!S+U>R#WDCN],;/E)0_`G0#F7J]
MD'O)'=Z8V?*2A^!.@',O5[(/>2.[TQL^4E#\"=`.9>KV0>\D=WIC9\I*'X$Z
M`<R]7L@]Y([O3&SY24/P)T`YEZO9![R1W>F-GRDH?@3H!S+U>R#WDCN],;/E
M)0_`G0#F7J]D'O)'=Z8V?*2A^!.@',O5[(/>2.[TQL^4E#\"=`.9>KV0>\D=
MWIC9\I*'X$Z`<R]7L@]Y([O3&SY24/P)T`YEZO9![R1W>F-GRDH?@3H!S+U>
MR#WDCN],;/E)0_`MT-D.`3*#=(7.Z/.##PIS3X/W^``-][RYS;[W+4,'IW#?
M96MIT?W[5)E<'8:%1-!%5NA4I1I1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*
M(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB__7^[APRQBQ
MI7*FQUR7C]L<D)YB5<WN$RCJ)<C4DBN`U.J2*7(L].>4.V@0!AL(-^Q>U8_<
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MI1!&5,;G'G&`*))*G$8,---,%8!9118'2XS##!WM8(;6O>][Z+5$S6.D9'MC
MCU5EKGN(``N8223N`#'M)Z@4+]`:\B8^671.;MC:"239W```VDDF.@`&TD[B
MLBLD6(I1$HB41*(E$2B)1$HB41*(O__0]4-JG^9'-_\`$R6>-E%?*OG5_B3K
MC]IS_3*^V',I_"/FX_8]MY)JH*L`6T$HB41*(E$2B)1$HB41*(E$2B)1$HB4
M1*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)
M1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41?2YL/9\Z=,,-W#"
MW?,[@>]8M,-T%I4K=R(%P%(C--[B'PZW$7W4=]&NM3J-%K!M:OI=S':^]NM%
MV_GDV+/;##!<5W74'Y*8_P!JP=L>K(V2@I1?'_\`Y'\V'1MSA7?F%O@TSF>*
MYM:?%94_EH!\&\R.[4;:1/BJ225N36Y5S^E$2B)1$HB41*(E$2B)1%__T?5#
M:I_F1S?_`!,EGC917RKYU?XDZX_:<_TROMAS*?PCYN/V/;>2:IW@)_;HW`Y4
M>]VF4&;7B8L#:GS7!V9FE"IA<R&AV&5#)3'EXR'%5%GTM9OD0$IZ<2DY+JB"
MHL#4+ON@;^VRW(<U?>^>V-M->1,&96T<<[HGB.2EM/$^CW02AV,B-S2]S*$2
M8:-QKG/RN[S?4V21Y=Q?F5W;V$\CLHO)9;=LT9EB!N[:=@,;;F$LWL&1CQ&V
M3$#$78G6[?9]A2B5NAN3U;8-ZG.;G_'Y8,<HITB0,``L<3DI3E$XA'L>S$T]
M_<BIE906S.)K>402C,3AM<=S!H\N/-]DLF:W3M3S1&]OL\EM`+-MTUL7Y*"8
M/@MX;2X)E>+C&+>9T36MC=&-N(PX(.=+4,6263-&P3#+LMTY!?$W[[-[YCOU
MS;F.YNI[ZU`@C-IO;KN!L[GNE9*:-P-N(<+`V/D["\-P(_-'I4T[.RW-"?*S
M>ZFI8HZ/9K7OY,T`95<<U"V%M4F[P':ZDM<)P2GV'>P;[F59SH/3\=A>6[<O
MO9Y8M.NS$7S)"V!\I9B$>]NAH(F..]'MQ+OK'XJ#M6W\<YNJ9<SL+IV:Y=;P
MSZL9E+LM?$'7,<(DP.E,S9ZF:1HW\4C,(@DC+02,;\^ZX?P.S/4V;.:$U7VQ
MYE3$./S1'SU.G#(DV4T$@4+EZS<(MK(3&$Z.FV2`(N'7L:"YPC-45A5]WH_0
M=E>YY;<3WL@R[-;"T-;H#?FWS92YSJ0=J8C"[>PVE<3<9=0@VNQU[SF9AE^G
M+SC[+HCFN29I?"EDYV\.RY\#6,9BN>W$PG;OI?6F%V]AE06_HK9HQ0SNCA&)
M"_.9BEXR/F^%LKRG#-7%UCZ/%CFO:&Q27'HAC>3-KZNN)'9P=@*5J/0VF`W`
M)0K"-J)G-II.SNKC+,POY3+-F696T<@\Y>^)MB]\;"(K>SF9*[M=]G#Y(_R)
M&`,-7KQ_/!K>_LK3.<JRR$0V^4Y1=S1.\T9'.[,8V2R-,]U?V\D+*/WBV,<4
MO^8:[?"\48H3)\68C8FW(J<B/RL]RQECO`N3%KB;+DX`R,.1+XJ+D\9*2ACH
MBF=%<G()@TBG_,GD'$Z1;J7>Q=K)FFE=(V%MJ../+[MUSEF797>N>;@#?O._
M,1/"&[S2-M+LF-_;N:YNW$TX1D63:UUUF=YI263-+%MIG&;9UE[&"U<=X-CQ
MD;>X+M_K*^MBT2Q_DV/8^@P.&(\D^:6:/[;+LUQ#$Q+JV,.3U=TF,B1MJ9!(
M0-2U2J,3L2(QI1M*%&L)(UT*&Z=21K!`5H/"+4%%G]I99?SVW=KD^DQ+:P9H
M[#9#`ULN]N<XB)IC;&UK@*QQ8'MJ`VCP:&#3%]F&:?\`'6QO<^URZ"\N<F;B
MS`B1SX#(QK0Z9XE?*]["ZDTV.-]"Y]8B,0G#O&HGEPS&1SC.GN10F43>4XY1
M/4VCB.)Y5@V0GZ+I[Q=B?WA(-4P3&#MC^0C&8,FY=T033@:J?=06O?+O+<IU
M<[3+[C/9[G)+J^GLVR7,+8+ZUNY8!O$4LC<45Q;,E$9);3>PY[:1XV@XY89O
MGFA6ZQCM--6UIJ*RRVVOWQ6D[[G+;RQAN7><30Q.#9[6\D@=*&A^+?2V-V*7
M`XB.-&$,51D\^.Y`2/@9M'X;C=9*BGQRD<?A+;,<@+'M[.BCQ)XU#94*(R!)
M$#6I.W@7@"C/<@K;'&6W()=6VTT1I3+)),NU!#.,[M[.S=.)7S16S+B[=+*8
M))H;>?S>5MN8&1"4"-TPGQN[4-5VON<?6V<119MI:>V.G+K,+]EL88X)[N2U
MLFPPBYBM[B[MO.H'70N7SF`F5EN;8QL[=SU+B,'0)P8L>P1XA3C&GMER?M1(
M)2]V?DCB]N!&)HK'I*GB#B[1F#N9KHI<@)PI4@TY*G>EP+3TB90-39.&\,T-
MD%Q8:>R*\R62VO8<TSML\N^M?(\6$$,PMWR0VSR]SZ!D98U^]TFDBBD=)O8L
M4G.1J:US/56I;#44-YEUQDVG7VT.\NCA8[,[F>W==,BN+R,1MC+C)*)'1[Z#
M;Q3S1-A,KH0[XHPHS11^R82C?9$VI,?1&6(X@A=98Q-`71ZR6O@IYB*32Z`1
M][?8DN0H]\$&$I;&EJ@')[GBL"QM[%>:3T3993?ZF9#/<VS,NMYVV[9)XH\<
MEZZU);-<6L4DL#FMQM+68@\/CQD-#ED=AK?G$S#.\LT?)<6UI=R9K=6SKI\=
MM-+O<.7LO&A]O:WL\,-RQ[M[>U\F%T9CE$8+BP2M\V?L+EN[^V-S3D@AO@>>
M,?P)W5-[C:7263Q*>,,A>U`4C"U1DH9#PR',Q99(DA*D9B<1E[DG&V!5VON;
M_1;;S,+:WM,R;;V&?6MK(YC_`#B::"ZBFD.&)D((DC,8#3&UY+"ZK'OHK)EO
M.CSA.L,KO+N^RAUUF>F;Z]B:^/S6WM[FRF@A;BFDN"#%,)7%PE?&&R!H$D;,
M2UOSG!([%3HD]P]"B*BTK;70:!S9Y:OE+$[K6-T,;W`UK`_QF)RUCNEL,HM0
ME<DHC`J;#N69<%[`+UOKG(LNRI^47N3P,&5W<;\+XYW3Q2.B>6/+-]A@GBP]
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MRTIS^<V;><_F^S'*[6('4%I6XLSL!,S&FL5?DSL+HZ5`#S&]WQ%]/99A9Q99
MQ)@#2C0!,*-+$$99A8PV$`PL8;W",`PWM>U[7O:]KU]/6N:]K7L<"PBH(V@@
M[A!^!?&Q['QO='(TM>TD$$4((W01U".J%^ZB4*41*(E$2B)1$HB41*(O_]+U
M0VJ?YD<W_P`3)9XV45\J^=7^).N/VG/],K[8<RG\(^;C]CVWDFJJXK.IO!5"
MI7"9C*H<J7%!3K5,5D+O'E"P@%Q7`2J.:%B0Q04"XQ7L$=[VMIOV.S6*Y5GN
M=Y%)+-DF<75G*\4<Z"62(N'P.,;FDC:=A6:YUIK3FI8H8-1Y!99A!&[$QMS!
M%.UKC2I:)6N#2:#:*'8%RMF0)ZR\/<#3>7-/.JRBTGX,DCR@YR65",&JL_;U
M6E<,64C-%<S?&Z:]Q7O?3IO45KJ#/K+S_P`SSN\A\ZKO^":1N_8JEV^X7#?*
MDFN.M:FJ@O-+:8S'BSC#3EA/YEA\WWRWB?O&$`-WG$P[UA``;@PT`%-Q6,DS
MW(6_'HX"W,#"AW6.+XD8_)E<I"?=D=5.[.QI<;%(Q0@B0NZ:XD:IS`V!5GHQ
M7L(6["$>+(X=>YA;Z>.06^7P1UMGP&4.GKO<AK(1#OWFPFD;6-\PA$CHR03C
M)><3GYL<JNM5-U/=YG<RTNV7(A<VVP[]$VD0-QO`O'01.I+';FX,3)0"!O8;
M&*G,D\E.,6''2%\-.<5S>Z.!ICLO&8N<V@)X6IQ6#$HN)4N;`JC;)SAW$838
MP6I<.M?3B;LTS-[IGOS&<ODD8]Y,CR7/CKO;W&O;.9B=@<:EM30BI6<,R;)X
MV6\<>56S8XHGQL`B8`R.7"98V`-[5DF%N-HHU^%N(&@643Y#GZ-'(6]).9@E
M02X]2JEB%/)GHA')U*P6NK42%,4M"2]'JA]DP:D)HAW[(KWJJCU#G\,.8V\6
M>7C;>\<73M$T@;.YVUQF:'4D+CNEX<3U512Z5TO//E5U/INP?=6#6MMGNMX2
MZW:S8UL#BRL(:-C1&6@=2BPQTA?U._\`?#X\'\*H6YK=-V<UIO"38T;PX);E
M^N>+?B%KX+2[W),UBR-[%:E@[F#11OS',)/.-\OIG;[&QCZO<<;(\.]L?4]L
MUF!F!IJ&X&X0,(I<(\JRN'S7>LMMV[Q+))'2-@WN27'OLC*#M'R;Y)OCFT<_
M?'XB<3J_M=))$YN25Y<G]Z<'A"%$!$ZKG1<K<D8&[5X/`E7'GF*DX4&I;<;`
M%:Q6BVKHT5[/F68W5S%>7-_/)>,#0V1SW.>T,^)A<27##_1H>UZE%#;91E-G
M:39?:99;Q6$A>7QLC8V-YD^.7,:T-<7U..H.*NVJFI.6I>XRJ-2?(3J^97YJ
MFC.;&J?2R6NJ0%[`L(@HM64]IW9&F)6%$GW+3J"0FB("$>D&FU[VS5N;W.:Y
M9FFH;N?-O-35D=U/.]HV;`'"02-`<&NHQ[0XM`-14+'9-#9#:9)G&3:5L;;(
M_/6@22V5M;1N.WMB6F%T3W%A>S%(QQ:'DMHZA7$LS!DM1.95D=#,Y'')=,W!
MS<'YUBKTZ1P]3PLJ$K4H`F-2Q.<!K`.X0EI[CN6`L`0VMH#:H)M8:EDSS-=1
MP9U<VV;WLCWRR02/A+M\=B<VK'`X.H&5H``.HIEOH+2$6F\DTE<Z>M+O(LOB
MC9#%<Q1SAN]-PM?21C@9"*ESZ!Q<7&M25&$DQER`K<$,JD:,B[T&27)2/CFG
M*YQ`#J`?]S)5`!PT`'8LJT;O:W8UJMD6<YO`S>X,UN6,W[?J-E>!OPW):!W]
M9_\`/XWW5>)\@R*Y?OMSDMI))YN;>KH8W'>#M,-2TG>2=IC^)_\`%<CW-IG)
M53HND<ND[^N?"D9#TL>W]U=53N2WF!.0$NBA<K/.<"D)P`B)";<=BA6M<.B]
MJ]O<[SK,I;J?,<WNKB><-$CI)9'ND##5@>7.)>&D5:'5PG:**'+M.:>RB"RM
MLIR*SM;:V<XPLA@BC;$7@AYC:QK0PO!(<6@%P)!J%PBETK$8H.%)Y"(Y4YH'
MI4:)Z<KF*7EJ",+6[*!W4ZQSFVA-%9.>*]S2;"OJ"MIO4!S?-BZ1YS2X+WRL
MD<=\?4R1UP2$XMKV5.!Q[9M30A3!D61M9%&,FM!&R%\+1O,=&Q2T,D31AH(Y
M*#&P=J^@Q`T232^635P"[S*42*6NP$Q2,#G)GMR?G`"0BXKDI0K752K4A3$W
M&*X06%JATWT6[->YGF^;9W<"[SG-+B[NPT-QS2/E?A&XW$]SC05-!6@7F3Y#
MD>G;0V&G\FM+&Q+R\QV\,<,9<:5=@C:UN(T%32IH*E1ZK<KLE$2B)1$HB41*
M(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$
MHB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B+Z$OZ=&?>D[%(L<OZZQTRQ64
ME;2;G#%=2Z0DVURH^MUC+_XQC1<L3>;J6_PRBDXAWUC=-_H5_P`<]?\`M/I0
MZ<S"?%G.5!K!7=?;'9$[;NF.AB=3<:V,G:_;\K?^6/-A[&ZW&K,KML.G\[<Z
M0T`PQW8VSLV;@EJ)VU^,YTH;L9L]$ZZ)7**41*(E$2B)1$HB41*(O__3]4-J
MG^9'-_\`$R6>-E%?*OG5_B3KC]IS_3*^V',I_"/FX_8]MY)JM_"T?85^/6E2
MN9&A:I&I=+#4*VU&I/'8#BI`"PC3B1F"L$-K6MIOV+6K-M#Y=E]QIRTEGL87
MRE\E2YC2=CSU2"5A'.#FF96VJ+V&VS&>.(,CHULCV@58VNP$#:K6YIQ;R:C_
M`!,W?-JR[BC*?5EOXMG>K"^.\Z];W7C9.^3FG%O)J/\`$S=\VIQ1E/JRW\6S
MO4X[SKUO=>-D[Y.:<6\FH_Q,W?-J<493ZLM_%L[U..\Z];W7C9.^3FG%O)J/
M\3-WS:G%&4^K+?Q;.]3CO.O6]UXV3ODYIQ;R:C_$S=\VIQ1E/JRW\6SO4X[S
MKUO=>-D[Y.:<6\FH_P`3-WS:G%&4^K+?Q;.]3CO.O6]UXV3ODYIQ;R:C_$S=
M\VIQ1E/JRW\6SO4X[SKUO=>-D[Y4MGEB9&Z$%*&]G:D!]WU`7<]&WI$IURQ)
MUUQ`W0@D`]05PVTVTZ+Z*P?G`L+&VR)DEM911R><,%6L:TTH[94`&BV!S:YE
MF-WJ*2*ZOYI8O-GFCWN<*XF;:$D56FU:46^U>>S^WH'*9.9#BA1N!`(RL-`2
MM3$JB@FA=68`30EG@,`$P(#!6L*UM-K"O;^VL]YN[:WNL[NH[F!DD8M7&CFA
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M)WR@V2XW'4D#E"E*PLJ902V&#*/3M:$DXH=C"[:Q9I9`1@%HO^&U[7JP:HRS
M+8=/YK+%E\#9!$:$1M!&T;A`J%D6D<VS6?4N3Q39G</B=,`6ND>010[H)H5H
M-7/:Z92B*S,.I$J[(\=2K4R=8E-X7W5,J)+4$&:C$Z&`W0DT(RQZA@+"MIMV
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M06!UQ@(++"(>J&UM-[:=%JT]SC6UM:YI8LMK=D;#;U(:T-!.-VV@`VK=_-?=
MW5YE&8/N[F25XN:`O<7$#`S8"XG8J#K7JV8E$2B)1%=VSMF1SP/EN+9#0[L<
MA0J;M\F;21W#=XBSD(!+R@N'6"`9P2;64)];\0*L@H=[7U:S?FZUE<Z#U=E6
MHH,3H&.P3,'_`-D#Z"1GW33MV5V"1K"=Q:YYU^;^SYS-"YUI2YPMN9&8[>0C
M^JN8ZF)_P@5JR2FTQ/>T;J^J1E>6N1,[5(&1:2Y,SXW(G=I<$][W3KFUQ3%J
MT2LFX@A%N2A,<$8=-K7T7[-K7KZIV5Y:YC9VF86,[9+*>-LD;QN.8\!S7#[A
M!!"^*.8Y?>Y3?WN5YC;NAS"VF?%*QWQF21N+7M/W6N!!^\LG52J-*(E$2B)1
M$HB41*(O_]3U0VJ?YD<W_P`3)9XV45\J^=7^).N/VG/],K[8<RG\(^;C]CVW
MDFJ]L%^K9G^%._C-56PM`^[-E\^3Z;EKKG'][+[YD7DVJWZS)8*E$2B)1$HB
M41*(J+VA?H$3YP-WR9PK`N<?W?9]89^!ZV/S6^\LGU5_TF+2&M$KHA7]LY?3
M=U\U5WC=CK8?-I^O;OZH[RD2UCSK^[ME]=9Y*9;J5O!<_)1$HB41*(E$6M>U
M9EV284Q8BF$55Q=L<G#)F)8,<\S&.OLM8&!IR#D2.PYYD*J-1N1Q-Y>S&)L>
M35124AP3B/,*L#6[-7W3V6P9KF#[:X;(Z-L$TF%CFL<XQQN>UH<YKVMQ%H!)
M::5JL8U;G%SD>51WEH^)LKKJWB+I&.D8QLTS(W/+&/C<["UQ<&AXJ114CBG;
M#,52+(4?R')H;/FZ.3+9YA48F6,,?RG'`G1^V@),OAC>WNV/I]/IF^)6R.OQ
M:.YKR2O&C4E*C2RBKGHSRZNN8Z9#8+*:R@EA>^*Y>]DLC):-MVAY(DCC8TES
M<5&%N($`DT<"K'E.LRZYS&VS*ZAN(HI[.)DD$,D.)]V\Q@.AEED<&L?AK('E
MK@X@#$QP5FS;;'QS#7Q=%28S.I7+$>4WG$)$=8PP5H4.LJ8,>0_)SI=J=I_.
MX3&%"8$:G"&Q!`UY;DN5;H4E2G7+O>J"UTS?743+@SPQVYMVS8G;X0&.D?$*
MB.-[P<4;JG"6M%"YPJKI?:TRVRGDM&VMQ-=MNW6X8W>FETC(8YW872RQ,(P2
MMH,8>YU0QCJ+&K-K=D8Y4[M+K'9LXC7.6#XY$8*VP`QGGZ24YCC$QD3:SR8V
M23)&VA/'S4,*.N<G:B6<P(M\G&E7$>3,;IR66WCDCGB:`V=SY#)BC+(7L:7-
MPL)_IU%"\O\`Z(!V&4_5\$%W-#+;3N+G6K(XFQ891)<LD>UK\<@;7\F0:B,1
MGXY(JYO/?;.@@V9I.0P+*#E-7!]R6P+\4)TD!3SV.*</NR%DR*K>3W3(3?`C
MF]@<7=`668@?%PG(:].!`%48.X`P^R]X)9`^\MVVK61.$Q,AC<)@71AM(S)5
MP#B<4;<.%Q?A`JHCK;+S!"YF7W3KYTD[#`!$)6&W<&S%Q=,(B&%S`"R5V,O:
M(P\FB_4:VT\73J91R)X[C\_R"F?V#'TH.E,6;HP:UL#%DU-97&75VC;K+6K)
MJQK)3BM=R6-C`XHV<5A`6FD#+-"!/I;,+2UGN;V:&%S'R,P/+ZN=$:.`<&&(
M'Y+72-<_=8""*^VVM\JO[VVL\MM[BX;)'"\R1AF%C)Q5CG,=(V<MI\=S(GMC
MVAY:00)=A;::BV=79T1Q"&9"1L*&[\!#.'=%$CXF\*(V^<`.C=<<9F,CD$0?
M`J])A3;)6]C<5"<(S2R!!`/5ILTR&XRB.-US=0F8X:Q@OQM#FX@>V8UKVTV%
MT3I&@["=H57DFJ+3/II66=E<MMVXZ2N$9C<6.P.;VDCWQNKM#)F1/(J0T@%1
MQPSO+TB7;</+;HV(>S9K<QK#1N=PNNC9R@^7O_++!>`W7?\`DLE/(_R=T'^1
M`6#_`)MA'"GLRBV<[2@+W_Y[^LVC9_F9(>T[79VK0>VQ=M4[FQ4TF?WC&ZY<
M(HJY9_5;'=M_DXKC\IVVWMWD=K@[6@W:N.`:MM"*@"C2/L&R&HX&><(PW)4Y
M86-@#CN%S+.L7Q\^PLLXQUF1,K<&=R79';T8Q-R!S-;SC0[\L44,H\V=)I>X
M.)T-W",39WQ1N<[?'LMWR-?N,P!P$3G=LYH<!VM2"!3Q:VM!@9/87)P/MHYI
M6-9O,4ETR%\5<4@D+7&9C:L8\L)[>@(<<7"-K-^DF4,.8\*A+E)6K)P=IP:^
M=,S&ECC6RFX-S2#&*5$!H=9T^.)A;01>]GI7KBWR8>C4HR``4GI$,R[TY#!8
M9G>FZ;');^:TC<XN+M_@WTFHC:-I^(.H`YKB2T.?*L=7W%UFN2Y<+%TL5UY[
M65K0QK?-;G>`,+I7'M1_6.KM)8YC0'.9'O-6)+/$HB41*(E$2B*`93]7LL_9
M1GY0JL=U9[N9O_8G\(63:,]Z<D_MQ^`KSLKFY=4I1%:F$_6=&?\`6?W?=JRW
M0WO3E?\`>>1D6%\X7N?F_P#=>7C6_P!70RYD2B)1$HB41*(M2-M/-^2L`X=2
M3?$T:C<NFBR>1&+H8[*"'0]"Z)GM2ILM1H[-#JT*BGE22FW-(,1@R@GC#KEC
M#V*R32V4V.<YFZTS&=\=J(7O+F4J"T"A-01A%:G96FX0L/UOGN9Z>R5E]E%M
M%->FXC8&/#B'!Q-0,+FG$0*--:5W056[AMD.+]M-[,N+<7MC`_XFRU"C9G/I
MFM2.*I[0%S/%.3,F8B:HJ)O>4Z-*Y.#?BM>I<RU"1?>Z-0F"7N(S`C%6LTPR
M'(<^S"_D>S,;:7!&P$!IP3113%]6U(!E:&T+=H=6H%%;9-:27&J-+Y3E44<F
M47D&^2R$$N&^03SV[8Z.`#B('N>"U_:EM*$U,A<=O/%K`EE1\L@F88DKC#'#
MY02P/$6CZF7R&-S?)+#BEG<FZ&1^7O<K8UY4ODB0I0SOR-F?RP&7T(1##<%I
M+-(9A,ZW%M=VTC9'O9B:]P8UT<3IB"]S&L<,#20^-SXS3X]-JJ)-?Y5;LNW7
M=A>POBCC?@<QAD>R69ENUPC9(Z1IWQ[08Y6QR@'^K)V+KPS;)*=LR2W$DHA,
MD9Y4<^X\;\?XQ2L[<JRDC9I%`FV53&39'"WS)ZB33&XBK7AW=P+6%)2BSB$X
M;J%AI98XKK3!CRRVS*WNV.MPR0R2EQ$1<V0L8V*K&O+G@;&EI)H7=JT$B&RU
MH)LZO,GNK&5EV9(1#`&M,X:^)LDCYJ2.C:R,G:\.#0"UHQ/(![SKMP0"Q4A(
MCT3F[HLYOY/=,8N1I$2YOY;<,4)E9\I013>LS.D#>!$4B/5EF/:%F`Y-R4]2
M@$J+!:XH(]*7E83-<1-;CB$H[?%")B,!?5F$UJ`=[<_"XAK\)*F2ZZR^ERVV
MM)WOWN=T#J1X+@P`F01TDQBE"X&5L>-C7.CQ@++/VT;+"MD.-;13=$"(]*)`
MS8K=+Q67$75(TEIQ,XG''`VQ;&_6-.;U+<^FJVP>^PFW)&G&H+"/=4]I<.26
MQU+/DC[DOMV.E&-FPG>V/</C-W06@.V4K4`TH5-GU+=C1UKJ2.S$=U(R!V]R
M"H&^RQL/Q7[06N+F'%6A:7`&K5W\O;2Y6%\FO39*V[?.-XUL_/.7WH]C:5CI
M-3'5OR+&88G0M9%G5,@5HC4KZ(5R-PWP,ZP;A-T6W,4&6Y$<TL(I+=]+Z2];
M"W$0&4,;WDG82#5N[6E.IU5-SC4XR3-)HKN.N619<ZX<6M+I<39F1@-&(`BC
M]RE:[AZAQ+EM:([RMGAA$+G$0F"3++-`I%!9?%XZ[R.0MDEQ!E#*$5/A[E%L
MGFQ=K%*",?&;W5K5:DQ.8G-1K&],<<$]-,CTX[S>6Z-U%+;&V=(V1CW-:TMF
MBB?C#XL9P;YM#0*U#FO<!1TB75[/.X;)ME/#>"\;$^*1C'/>U]O//&8W1SX&
MXQ"<+G.<6D%CXVDXFU_`-OAN?H/B5SD6'<EBG^4F.52-#"8F"`FJ38_$7AN9
MW-]CY<IR-'E,L)NI=R2RFQIX0D)Q@#;@;[EV+&967FCWPW>8QP9G!YG;O8TO
M?OE,3VEP:[!$X,V`U<_#&-E7UJ!;\NYP([BPRB6YR:ZXPNXY'B*/>JX(W!KG
MLWR9AD%7`!D>.8D&D=*$^@28\*I,G5``>6!204>`M20<E4EA.+"8$"A*H`6H
M3'AL+0,L80C`+385K7M>U8:X87.:2*@]3:/^A&PK8;7![6O`(!%=H(.WX0=H
M/W#M"YZ\4241*(E$2B)1%53[%8_*I_O>0-I3D2DAZ4Y.`TU058HP;TO`(=KI
MSB17O</8[-[VK$LPRG+LVU#O>8VHE8RR:0"2*$RN'4(6:9;G69Y+IC?<LNS%
M(^_<'$!IJ!$P@=L"J&SQ#XW%.:O-YK*;-_\`#F_-R-4F[OO7@?>^MO@\[5W/
M?(]&C1IUNS_96O\`G`R;+,HXIXNM!%OF^XJ%QKAWNFZ3N8CN?"ME<VV?9MG?
M'7&EXZ;>MYPU#13%ON+XH&[A&[\"U[K7*VBE$2B)1%[D_P!,G/O..*NF"I&N
MUWF&E'/<)&I-N(Y=%%2G2YM)8C+WN,<><U-AEAUKWWJJL$`;%I[Z.Y?^,FO^
M,LJNM"YE/6\L@9+8D[70./;QBNZ87FH'R'@`!L:^;G_,7FOXISNRYRLHMJ9?
MF!$-V&C8RY:W\G*:;@GC:0XTIOD9<XETH7JY75RXB2B)1$HB41*(E$2B+__5
M]4-JG^9'-_\`$R6>-E%?*OG5_B3KC]IS_3*^V',I_"/FX_8]MY)JO;!?JV9_
MA3OXS55L+0/NS9?/D^FY:ZYQ_>R^^9%Y-JM^LR6"I1$HB41*(E$2B*B]H7Z!
M$^<#=\F<*P+G']WV?6&?@>MC\UOO+)]5?])BTAK1*Z(5_;.7TW=?-5=XW8ZV
M'S:?KV[^J.\I$M8\Z_N[9?76>2F6ZE;P7/R41*(E$2B)1%4F:,3ILR1!!%SI
M*]1!4SS>`9!99$P)V=8XMLCQQ+V>;1X\*1_;G5H5I[/#(3NI1Y!@#"](;V[-
M7+*\Q=EER^X$#96NBDC<UQ<`6RL<QVUI!!PN-"#NJSYWE#<ZLX[4W3X7LGBF
M:]@:2U\,C96&CPYI&)HJ"""%24AV0$\Q&^R&99AR%)\F+;XLO&L@JVN`-9L)
MMAS(P,JPPIIB\;B3)&W,H4SUS5]W$E6<I3CW$!A(0@N&ZPZE=;"&"URR&.P&
M^XHP9#CWZ/>GU>Y[G#M-C<)`!VD':K'<:-;>F>YO<YN9<T=O&"8MB;O7FTV_
MQX8V1M8X;Y4OQAQ<#0%NQ=-7L<E+([,6M;E9]D#ID#*[GEJ9*)K!,8S.*2)S
M>(+$H"I87/'KQ%AQHYB;6R')36P5@A7(CK7UE!Q8C0&Q-U,6SVLC,N8R.&W$
M+`R25CVALCY`X2-?BQ$O(=_1</Z(-"('Z+:^VO8GYM))+<7;KB0RQ021O<Z*
M.(L="Z/`6-;&TL_I-.ZYP)!Y(;L1X]@ZF'GM<LG"NT,=L*/"`+JL:EABI1@^
M*S.*,)2PVS63<*9W2S=08I*(L242(HHM*`@D%BZ\NM5WMVVY;);Q#?6S@T!%
M-_>Q[J;=T&,`$U)J2ZI-5[9:&RZQ=9.BNYSO#[9PQ%IJ;6.6-E>UW'"4EP%`
M*`,#6BBXI-L41%V=#)0QS!U89C>99AE13VXQ2`S5!9'FYVC[U+8\HCTNC;FV
MJ$K8Z1="I:5/XBI&>3?6&<2<H(.]@U5<QQBWEMFOM=ZA9A#Y&&L`<UC@YC@0
M2'N#QN.!W`0TCRZT/9S2FZ@O7QWN_7$F(QQ2BETYCI&%DC'-(:YC71GXS2-I
M<USFN_$CV)8G(E>.2%,ZDI\;QTEQP6W('=A@KU+"7#&CDA=43U&<D*(T5,(&
MYR]4@#P^)I/3@6V,-NG"C&<:,?L&JKF!M\6VD8GG,M2'2-924$%KH@[!(&`_
MD\8.&@Q8@`!Y<Z&L[E^6M=?RFVMA#0.9$Z0&!P<',F+-\B=(1^6WLC%4X<!<
M299C_96981F51FA7,7222$IKES(UC/C,+8'E2US%U:W54GGLMC#$TR')HF$3
M260TB=C3+)"AC,,L>J%OFU->:AEN\L&5MM6LAQ,<>V>YH+`0#&Q[BV+%6K\`
M%30"C>U57EVDX+'.G9V^]?+<ADC6U9$QQ;(YKB)9&,:^?!A`CWPG""2<3^V7
M!DG98%.9%DEQ8<P3_',:S>VH&G-40C#="5B6:IT,6+@YBUK>Y%&G=]ACVYPQ
M,G:U*M`=85TR4D102E`+'VBL=0>:06+)LLAGGM'$P/>7@L)?OE"UK@U[0\EX
M#ANDUJ#10YGI/S^YS.6WSFXMK:_:&W,;!$1*!'O56N>QSXW.C`8YS#N-!`#A
MB64=-E6"N#=DUH3NKZU-N3<E8.R4K1H+MP26%9@8C$*6*L;)8Y$;<+,N3X<;
MP*K'7-.T*#]S&#_#U)<>H;MC["0QL=);P3Q`FO;"XWXO<[;\8;\ZE*#8*@[:
MS9=)6$D6:0MFD9%=7-K,0*=H;06XC:VH^*1;,Q5J=KJ$;*<<6V6H_#7W%4BC
MTVEZ)?BQ]S^Y)P"*C2I))FG:,R,7DZ<1Q\*5L)YQ"1%($20*!0A,2*R2$^J,
MPRY@[U[<:@FNH<QAFM8BRX9;@_&!:;:/>HW-H[=+2<0<""3L`HO+32EO97&4
MW-O?3-DM)+MP^(0]MY-O\K'U8:`/#<!:6N`%"34K:.L?65I1$HB41*(E$4`R
MGZO99^RC/RA58[JSW<S?^Q/X0LFT9[TY)_;C\!7G97-RZI2B*U,)^LZ,_P"L
M_N^[5ENAO>G*_P"\\C(L+YPO<_-_[KR\:W^KH9<R)1$HB41*(E$5;9*QFTY.
M3PM.[+W%O#",D0O)C>)NNFL)6[0ASX4;T"S?)!]N#E9WXIVIJ&ZO]T0;]FJZ
MQOY+!UTZ-C7;[`^(UKL$@H2*=4=3J*V9GE<.:-LFS2.:(+F*<4IM=$[$`:@[
M#U:;?@*UO@>PGBK'1C0..OTV)"S95R#D]$(;L2):F!-\323"S9"T3GO7?[;%
M,?P>1;BR%D&%FI1I2Q7&*]S->^7FKLPO1()X8CBMXXCLV'>YFSEY%:%\DC:R
M$[#4[-RF,Y?H+*<M,)MKB<8+N:<=L*C?;=]LV,.I5L<,3Z1`$%I:#4[:P9@_
MIY19GM'25.4)&K01R+0*&ID#;"\;Q8I4SXRRSC7+<36+AQR--YBZ1*7;&J=*
M[+C[G"7ISKW+`E&#2*KFUI<2[^6V#`]\DCR2^5]'2PRPO`Q.-&@2DL:*82-I
M<"J&WYN;2'S9KLUE,<4,48#8H8P6P7$-Q&3@8*O+H0V1QKC!V!I&VYI-LD05
M_P`IO>;$;T^QW*;C-<>3-JF3.2SENS`&!QCF8KB1*DQN&H<X3-HPH5I7=N5C
M-)-WV(TK<CBRC`6N#4=W#E\65.B8_+VQ2,+'8J.WQ^,/I78^-]"QPH12AJ"0
M;U=:/L+C-9\\9/)%FSIX9&R-#<3-Z9O9C!I5T4K"YLC'$@XJBA`(C4+V*(1"
MWE6-)*WPZ'$MF1FN-0Y/'H$SF,B?)X7$E[+7RYIBR64RDE@0.JA*Q@7*![Q3
M'"L==6.Q1A<^ZU5=W43<5NSSHNC+GETCL1BIAHPO+&8B`9,([8C9A%0::QT/
M8V,SRR[D-D&S-9&&1-PB>N*LC8Q))@#BV+$3A:3BQFA%GE[/3$KV=DFSC)Y5
M*).P(8@AAJ27GV8F>8)4C`<0;#G5*:Q,S>Q$/L0X/0B2'V17"8<B+,/`:(1F
MO0'.IFYV[.[>WCCF,I>6=LYA+OC@XG%V%]75&+8'$`C92Z#3D#]-LTU=7<LM
MNV$1B0X&R`,(WMPPM#`^.C<)P[2T%P))K7#ELA`F;;D/I8S#.LE2F>P=NQJ5
M*UC+!(P;%(2W2>TM&VQ]DBD9:F6[@]/19)KBL5%*#%&]B0EV)++"75<S4IM7
MV7%V60P6\,IEP!TC\<A;@JYSW%U&MJ&@$`5-:DU5MDT<+V+,N-\YN+J[N(!#
MOA;$S>X@_?,+&QL:VKG4+W.!)PM`P@44X?-F>)ON8$N95#_(27U).H!/0-9-
MVW@D3ECW'&4\:-B,5AH1K-Y+6G*ZT\_0;8S?"8G4$$&N$=)%GUQ#ECLK;"PP
MF&2.NVM))8I2=VE086@;-PFNVE*ZXTO:7&<LSIUQ()Q<0RX1APXH89X6C<K0
MMN'$[:U:VE!4&HGK889G7&+%B(64Y*OA4?)E[0@:IA!\3S=.FC4K6$K$Q*!*
M^0D2-OET0,"=P2^EE[\!OD>^0J@A)"5<HM6RQW\V9<7QBZ>6.)9)-&2Y@H:E
MKZEC]F./XNP8<.VMGGT'!+E=ODYS65UC&)&ALD5O*`R0@@`.BH)(]N]R@8NV
M.(/HVFZL=8TD8C[%&V\U:>@CS.V,:(YS6GN3B<D:41"!,:X."H0U*]:82G#<
MTXP5S#3+W$*][WO6+3RNN)IIW@![W%QH*"I-30#8!\`&XLWMH&6MO;VL9<8X
MV-:"XESJ-``J3M)H-I.TG:LS4I3THB41*(E$2B*%`]8JCS+1>/%]6,>\LGU%
MOE7+('>ZL7[0?Y%BAF3H8EG4BAK*K6GH"@-LM7;NG++,,N,@V+EV+U3?Q=45
MC[WO?\/8JR:JR2+/\RR2QFG=&P17#J@`G88!3;]]7_1^?S:<RK/\P@MVR/,M
MLRCB0*$7!KL^\J>R%A5KAD66R!*]KUIR4Y$6%.>G3EE#LJ5E)Q7N(N^M:X;&
M:;?_`)M6%ZCT/:Y)E,^8Q7TCWL<T4(`';.`ZGWUGFE^<&\S_`#FWRR;+XHXW
MM><37.)&%I=U=G46NU:W6U$HB416!BO([]B/(44R+&S!!=8L[$.`2-V&04Y(
MKZQ#FSJC"["'9$\-IQJ8[1:]]S-OH[.BL@TKJ2_TCJ'*=1Y:[_-6LH?2M`]N
MX^-Q']&1A<QWW''JK%M;:2RS76E<[TGF[0;*]@<S%0$QOW8Y6@[,<4@;(W_Y
M-%=B^K:`3A@R5"XU/(NJWVPREI2NS>;>UK&E@/#H.2*06O?<EJ!2`9!X/PEG
M%B#?\%?5O(,\L-2Y+EF?97+CL+J%LC#U17=:1U'-=5KAU'`CJ+XC:HTYFFD-
M0YQIG.8=[S.RG=$\=0ENXYIZK'M(>P_TFN!ZJE]7A6%*(E$2B)1%J%MKY5G^
M+L3Q9+BUV11:?9>SC@W`<=GCFU(WUOQR9F/)3!#7*<F,;D4<V/3FR,RY3P4C
M5!$D5/)B,H^PB1C"(O0N&"8VRI$)?D+%KYM>RG(D;F.)PKHF&8),1D;2V,).
M:O=8^\S^+N,4QY&H>\PDRR](:BL\QER`@?4UP7,.1FV1%D_Z+__6]4-JG^9'
M-_\`$R6>-E%?*OG5_B3KC]IS_3*^V',I_"/FX_8]MY)JO;!?JV9_A3OXS55L
M+0/NS9?/D^FY:ZYQ_>R^^9%Y-JM^LR6"I1$HB41*(E$2B*B]H7Z!$^<#=\F<
M*P+G']WV?6&?@>MC\UOO+)]5?])BTAK1*Z(5_;.7TW=?-5=XW8ZV'S:?KV[^
MJ.\I$M8\Z_N[9?76>2F6ZE;P7/R41*(E$2B)1$HB41*(M,\'[9L,RYTR+GYH
M*QE&<7D*)DR2B22-$:USK"-WB9Q]LS*FN:B;+LC`X.N/G;6)'=38A,!.<(^^
M^0@#D^;:7NLMXL9#)O\`/<$,<QK36.?"QQ@.TXG`2,V[*G$*=K585D6M;+..
M.I+B$6MK:@R-D>\89;7%(QMR-C<+"Z&39MHT-.+M@!823:NP0L87R0!ESJD+
MCSG'&9RC[MC_`"0R3\;K,B3U$-0M6,7F(H<C/ZB8ITIQC19`U*>$RR3!)=U"
M6.X:-VG<W;-%#YLTE[7.#A)$Z.C-CR96O,30PD!^)XP$C%2H5Q9JW('V\]P+
MQX$;F-<QT,S9<4E3&&P.C$SS(`3'@C=C`);6A7$MVMMG]!'FB4'3A6<U/!4I
M4;FW0C(+N],*.#+BVR;N,WC+5%5LEQXUPQQ.`0[JGY(VIVPT80*1E"%:U_6:
M<SE\TEN+0"1N`;9(PUQD%8Q&XO#9"\;6",N+AM:"O)-7Z>CMH;IU^3$\2'M8
MIG.8(CAE,K&QE\+8R0)'2M8&$@.(69MM+85%-00(F8G*WH3BVLUW-#%IDX00
ME\>(\AEC2P*LH(H\HQHCD#C&G-,N)0&NP%AB906,)=[##IE<19IYJ;PVP$6$
MNH7L$F%KBPN$1=OI:'`M+@S"""*[%.]I\D-\,O;>DSXFMQ".0Q!SF"1K#.&&
M`/+'-<&&0.+2#3:%D,8;0&*<QJCT>/GYU=#BF5#)4HG:$SN()WR+N9FY-TJB
MBR91J/HYC%EQFBQ+FU&+$)FL'5-O80=,%_DV8Y8T.O(6M&(M-'QO+7C=8\,<
MXL>.JU^%P^!3,JU#E.=/<S+KA[W!@>,44L8<QWQ9(S(Q@DC/4?&7-.S;M"N:
MK6KVE$2B)1$HB41*(E$4`RGZO99^RC/RA58[JSW<S?\`L3^$+)M&>].2?VX_
M`5YV5S<NJ4HBM3"?K.C/^L_N^[5ENAO>G*_[SR,BPOG"]S\W_NO+QK?ZNAES
M(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1%"@>L51YEHO'B^
MK&/>63ZBWRKED#O=6+]H/\BQ'3Z>Q#S?FORJ(4N_>#)OJ]S]*W2S]VL]^M6G
MT;E17.GJV>/A31XS2U:=?>[-[\^/Z;5>N;CWLL?F2^3<M#*Y^72J41*(E$7K
M]_3"S[=$XNVS_(UVA*Z76R;'HE)M[[DY%%6/D<=36'<6J!8D)$X$EAU0!&2J
M%V1F]GK_`/XPZ_WFXN^;_,I_R4N*:TJ=QX%9H6_.:#*T"@!;*=URX,_YD\U_
MG%I8\Z.4VWY:'!;WV$;L9-()W4ZK'$0.<:DA\(^*S9[3UVHOGDE$2B)1$HBK
M?+F(\?YTQ[(<6Y/8N<4+DP&^[B@+<'-F7$+&=U0OS$\L[XQK&Y[87^//S8F7
MMZ]$H(5HEB<LXDP!@`BL3<52P'9)QSCT>27E!*,NR'(V5(6EQY(\QS7*,HEF
M5FV'-1+X"/,<,D[JJ-)@J2.K9&K7)[-*9)<YS,WXJWPI"$VQ>U7_U_5#:I_F
M1S?_`!,EGC917RKYU?XDZX_:<_TROMAS*?PCYN/V/;>2:KVP7ZMF?X4[^,U5
M;"T#[LV7SY/IN6NN<?WLOOF1>3:K?K,E@J41*(E$2B)1$HBHO:%^@1/G`W?)
MG"L"YQ_=]GUAGX'K8_-;[RR?57_28M(:T2NB%?VSE]-W7S57>-V.MA\VGZ]N
M_JCO*1+6/.O[NV7UUGDIENI6\%S\E$2B)1$HB41*(E$5>9:C$IFV,9[#85)R
M(5*I7%7J.,LO/0&NEHPJ>D)K==](;R5:`:I:UDJ1')P[L`.[@!<5]6U[7K<N
MN+>TO[.ZNK<RV\<C7.96F(--<-:&@-*'9N55MS>UNK[*\PLK&Z$%W-"YC9",
M6`N&'$!45+0:C:-M*[%I'+/Z<\+WLQM6*YS,H*SVPS-,%RM/)IAD7*@7&%NK
M8U*H$3'FZ=3AT:8DEQ_.F!*Y@;FTI&@6)3%*,0"P'!&5E=MK:ZQ2R9A:132^
M=,G9A9'%1X)$F(QQ@O,D;BW$XN<TAKJD@@X-><VUEA@ARF_GMX?,I+60/DFG
MK$YK3$&"65S8Q#*QK\#`UCFES*`$$6@_X,SW-;M<MEV4\=WG\)R)`L@8Z9V7
M'BU+CUL/AT;FL3?D<@-,?^?#[?(#1/EXA".7F$,)Q:420@X91YBNWPYMD]KO
MEM;9?/YG+!)'(YT@,AQN8]I;VN]MWLQMW&UD&+$0"`VZW&0Z@OMZO+S-;;C"
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M;XRG1(#`K3Q&W,"!(6GIL\SVVS6VCC;;/-SOF(R2%CI&MPD;WOC6-?(VIKBE
M+G=J*4JXNK--:8O<BO)IGWD3;,Q%@AA$K8G.+@[?C$^1\<+P!AP0!K#B=6M&
M!NZ%8NLV2B)1$HB41*(E$2B*`93]7LL_91GY0JL=U9[N9O\`V)_"%DVC/>G)
M/[<?@*\[*YN75*416IA/UG1G_6?W?=JRW0WO3E?]YY&187SA>Y^;_P!UY>-;
M_5T,N9$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(H4#UBJ/,
MM%X\7U8Q[RR?46^5<L@=[JQ?M!_D6(Z?3V(>;\U^51"EW[P9-]7N?I6Z6?NU
MGOUJT^C<J*YT]6SQ\*:/&:6K3K[W9O?GQ_3:KUS<>]EC\R7R;EH97/RZ52B)
M1$HBST6DSU#)&QRR.+36Y]CCHB>&E:3>]AIUR`\"@@5[6O;="A#!JC!?\4P%
M[A%:]KWM5?E>9WN39E8YMETYCO[:5LD;AU',((^^-E"-PBH.PJV9UD^7:@RC
M,LCS:V;-EEW"^*5AW',>TM/WC0U!&UIH1M`7U880RPRYMQA%,CLFYE`?6\'"
MC<`W=1LK^E_R[VS&BO8(Q70.`!A+&((;FDW`9:UK#M7U8T1JRRUOI?*=26-`
MV>,8V5KO<K=DD9ZO:O!`)`Q-PNI0A?$GG&T/F/-UK+/-)9C5SK:4[W(102PN
M[:&4#<[=A!<`3A?B96K2K7K+%A"41*(E$6L.V!FJ4[/V$1Y)AJ"/N;Z'+VS3
M`+)),E<5C3P-F3:3Q+AR3J;D-3JRK.$T$9GBP]`/=]R*7EDC-+/*",@PO0*E
M?U-FF4G;9KSL["0,%H2W[,4:S22Z!2N-I2*4O.597!E2`U;=UNTB8"VEB),+
M*LA"ILI$,5SQ`N$L).I5?__0]4-JG^9'-_\`$R6>-E%?*OG5_B3KC]IS_3*^
MV',I_"/FX_8]MY)JO;!?JV9_A3OXS55L+0/NS9?/D^FY:ZYQ_>R^^9%Y-JM^
MLR6"I1$HB41*(E$2B*B]H7Z!$^<#=\F<*P+G']WV?6&?@>MC\UOO+)]5?])B
MTAK1*Z(5_;.7TW=?-5=XW8ZV'S:?KV[^J.\I$M8\Z_N[9?76>2F6ZE;P7/R4
M1*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$4`RGZO99^RC/RA58
M[JSW<S?^Q/X0LFT9[TY)_;C\!7G97-RZI2B*U,)^LZ,_ZS^[[M66Z&]Z<K_O
M/(R+"^<+W/S?^Z\O&M_JZ&7,B41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)
M1$HB41*(E$4*!ZQ5'F6B\>+ZL8]Y9/J+?*N60.]U8OV@_P`BQ'3Z>Q#S?FOR
MJ(4N_>#)OJ]S]*W2S]VL]^M6GT;E17.GJV>/A31XS2U:=?>[-[\^/Z;5>N;C
MWLL?F2^3<M#*Y^72J41*(E$2B+TU_IK9^YB9$58>D*VQ47R6I+,8!*#K`3M<
M[((W%*6786@(;RI&4!)>VFXC%1*4`;?C7T]-?\:M?\1:BET=F$],KS-P,530
M,N@*-`_MV@1_"7MB`W2N.O\`E[S7^TNE(-?95;5SG)V$3X15TEFXU<33]&>3
M+\#8WS.)V!>^%=\KYB)1$HB414]GW"D8VA\32G$<M<'QF:Y&./.*.0QA2D22
M6+2F&2ADG,'E\>4."%S;BWR(S2-M[FDWRF4)[J$H+&E&%W$"Y>@T5*XVV4Y;
M#'O*V3);M&Y`R=M`9'QD@Q(QYB?H9BICMB^'1Y7+GJ*D0S'D6A[5"5*Y#*YD
MH=G`YT3N%W920G*-L%(04F"2OW-B_]'U0VJ?YD<W_P`3)9XV45\J^=7^).N/
MVG/],K[8<RG\(^;C]CVWDFJ]L%^K9G^%._C-56PM`^[-E\^3Z;EKKG'][+[Y
MD7DVJWZS)8*E$2B)1$HB41*(J+VA?H$3YP-WR9PK`N<?W?9]89^!ZV/S6^\L
MGU5_TF+2&M$KHA77@=E:WV7N*1V1EK4Q<;6*0%&B,"$)X'-G*"9:Y8P"TV+.
M%;\.CLUG.@+&UO\`.;F&\A#XA;.<`:[N.,5V$=0E:]YR<PO,MR.TGL9S'*;M
MK213<,<IIM!ZH'66V71W"O`"3WQ5\XK;WLWD?J]G7=V5I+VJU#ZT?UF]ZG1W
M"O`"3WQ5\XI[-Y'ZO9UW=E/:K4/K1_6;WJ='<*\`)/?%7SBGLWD?J]G7=V4]
MJM0^M']9O>IT=PKP`D]\5?.*>S>1^KV==W93VJU#ZT?UF]ZG1W"O`"3WQ5\X
MI[-Y'ZO9UW=E/:K4/K1_6;WJ='<*\`)/?%7SBGLWD?J]G7=V4]JM0^M']9O>
MIT=PKP`D]\5?.*>S>1^KV==W93VJU#ZT?UF]ZG1W"O`"3WQ5\XI[-Y'ZO9UW
M=E/:K4/K1_6;WJ='<*\`)/?%7SBGLWD?J]G7=V4]JM0^M']9O>IT=PKP`D]\
M5?.*>S>1^KV==W93VJU#ZT?UF]ZG1W"O`"3WQ5\XI[-Y'ZO9UW=E/:K4/K1_
M6;WJ='<*\`)/?%7SBGLWD?J]G7=V4]JM0^M']9O>IT=PKP`D]\5?.*>S>1^K
MV==W93VJU#ZT?UF]ZG1W"O`"3WQ5\XI[-Y'ZO9UW=E/:K4/K1_6;WJ='<*\`
M)/?%7SBGLWD?J]G7=V4]JM0^M']9O>IT=PKP`D]\5?.*>S>1^KV==W93VJU#
MZT?UF]ZG1W"O`"3WQ5\XI[-Y'ZO9UW=E/:K4/K1_6;WJ='<*\`)/?%7SBGLW
MD?J]G7=V4]JM0^M']9O>IT=PKP`D]\5?.*>S>1^KV==W93VJU#ZT?UF]ZG1W
M"O`"3WQ5\XI[-Y'ZO9UW=E/:K4/K1_6;WJ='<*\`)/?%7SBGLWD?J]G7=V4]
MJM0^M']9O>IT=PKP`D]\5?.*>S>1^KV==W93VJU#ZT?UF]ZH5D:#Q1N@\E6H
MF5,G5)FTPP@X`U%Q%CL87:PK6$<(-[Z+_P!MKU8]39#E%MD.:3P636RMB)!J
M[8:CX2LATIJ+.[K4646]QF#W0OF`((;M%#]Q:+UH1=')1%:F$_6=&?\`6?W?
M=JRW0WO3E?\`>>1D6%\X7N?F_P#=>7C6_P!70RYD2B)1$HB41*(E$2B)1$HB
M41*(E$2B)1$HB41*(E$2B)1$HBA0/6*H\RT7CQ?5C'O+)]1;Y5RR!WNK%^T'
M^18CI]/8AYOS7Y5$*7?O!DWU>Y^E;I9^[6>_6K3Z-RHKG3U;/'PIH\9I:M.O
MO=F]^?']-JO7-Q[V6/S)?)N6AE<_+I5*(E$2B)1%V42U6VK$CB@4G(UR!20M
M1*TQ@B5"56E-`>F4D&@O891Q!P`B"*U[7"*UKVJ9!--;30W%O(YD\;@YK@:%
MKFFH(/4((!!ZA4FXMX+NWGM+J%LEM*QS'M<*M<UP(<UP.P@@D$'=!7U(;*^<
M4>?<.1N9B-)M)4A5F";(2[EV$CE#8446M/W$OL$)G@D1:X@/9L$E18&FX@"T
M?4GFKUQ#K_1N6YR7MXR8-ZN6BG:SL`#C0;C9!25HZC7@;H*^+W/7S;S\U^O\
MWT^&.XHD=O\`:/->VMI"2P5.ZZ(XH7GJN874HX+8RMC+4R41*(J&VG\S..SU
M@'*.:6F$N.1'#'L;&^D1%LN[!-<+;]1HSE:XYA892]I6%C(5B7N9Z-L<%)#<
ME/,*3G#"$L1>C::+6[".UY*\D8>SAEEV?=EUXQSCK':N=0S:2Q-F.\UP([J$
M$>E3Q+(]D1LLG+R+CAQQ+P$D4OV[$*"U+6YE&IA@5%*D:<A&X%__TO5#:I_F
M1S?_`!,EGC917RKYU?XDZX_:<_TROMAS*?PCYN/V/;>2:KVP7ZMF?X4[^,U5
M;"T#[LV7SY/IN6NN<?WLOOF1>3:K?K,E@J41*(E$2B)1$HBHO:%^@1/G`W?)
MG"L"YQ_=]GUAGX'K8_-;[RR?57_28M(:T2NB%?VSE]-W7S57>-V.MA\VGZ]N
M_JCO*1+6/.O[NV7UUGDIENI6\%S\E$2B)1$HB414KGO+I^%8.WRM)'$\J<'B
M>XXQZUM"R0EQ5ONZY)FS)"&Q:Y/YK6]!;6QO7/@#E!F]C;A)`+1;35UR?+1F
MMV^W=.8V-AED)#<9I$QTA`;5M20V@%1M5CU!G#LCL([MEL)I'W$,+6E^]C%-
M*V)I<_"["T%P).$[`H#CW:<;WR0SJ(Y)9&+';Y"'O$K#=:S3E+D&'OKKFM>X
M,T%8FV2HF-A.*E"EZ;[$*&\]&4,@*Q&;KB+4@%:LO<A?##:7-C*^>*5DSJ.C
M,;VB`!TCBTN=V@::AP<:X7"E6JWY;JF.XN+^SS.".VG@?;LJV431N=<DMB8U
MX:S\H7"A86BF)AJ0X*=RO:,PM"A.),AG2,I:TRE?"E[4V-C](GPB3-499YF[
MMMF&.-3J\G6:(K($*]8>60).E3*BQ&F`UK51V^29I=8##:$M=&'@DM:W"7.8
M#B<0WMGM<UHK4D&@*N%WJ3)+$R-N+]H>R4Q%K6O>X/:QLCFX&-<XX8WM>X@4
M:'`DBJCP=J/$1"MU4.<UAZ6(V)QD*)RE#([/=I@IRHQOK_%T:!J;6XPXM0](
M6(=VL!1JHQTO?5*#8=@@'/\`9_,BV-L=K*;FLN-A;AP")S6O))/]$N[:H&#J
M[-HIAJO)VOE=+?0BSI!O<@?BWPSM<^,!H%:N#3@H7%_4%=AR1^U!@=/$&><F
M9"0#C[ZZR!C;=[M4B5OHW:)'*2)<A5Q)*SG2UL.B)B,SA;?2$FS8&UA*KE!$
M&]Y8R#-W7,MH+([\QK7&I:&T?3`0\NP''7M*..+^C537:JR!MG#?G,6^;2/>
MUM&O+L49(D!C#3(TQT.^8FC!_2IL796[2V"4$E88F?DIA,=I*"(C:#D(7!S8
M#;S\(!P,E7+6U$KBC4JFH#2[M!*M:0:Y6-+NG"98P&M"S(LW?!-<BQ?O<>/%
M6@=^3_K*,)#R&?TR&D-H<5*%1/U/D$=U;V;LSC,TN]X:5<S\K_55D:#&TRU&
M]AS@7U&$&H7?@VT#AW),G6PZ$SEN?9$C1NCD!"6C=T93NULCJ4Q/3O%W)R;T
M;7+V=H>3RTJI6U'+$Z<XT`!C#<8-,%WDV9V-NRZNK1S("0*U!H7#$T/`)+'%
MH)`>&D@$@;%,L-19-F=T^RL;]LERUKG4HX!S6N#7.8X@-D:UQ#7.C+@"0"=H
M4=69_1HR-J4^\94F6V8]._@V="@\[]&%8KF3_*7WC?@;_+2@*#\??'^(3<W\
M`K`M/;DSG'3XW\?Y_<V?$_+OAV[>VVLQ=3=I]U4S]0L8W5;O-3_M>[VW]9_E
MH[G9L[78_!MKM%>K1==KVK<'JE<<8G6<-3)+GT<";UL;-"YK+QN1Y)CC%)8;
M'9$\I6R[.R+9*BD24#8)::E`Y'#W)/KFA$6&*33V;-;/-':.?;,WPAVP8FQ.
M<U[FM)Q.#2TXL(.$;74&U0Q:MR)S[:WFOV,O)-Z!9VQP/F8Q\;'N#<+2\/:&
M8BT/)HVIJ%'V#:YQZZY#QKBY<#>\LR>',IS*)D6#D;`D+Q%DHW&XDZ]Z);T-
M@NDA7)E`]P`4(#><B4$*#+7"28?.FTW>QV5]F#-MO;[QBQ#"X[]%OM0VIV-!
M&VO;!S2!N@4]OK#+I<QRS*I!2[NO.<.$XV#S>;>:%P`[9Y!V`=H6N:X_%+MK
MJQU9:E$2B)1$HB410#*?J]EG[*,_*%5CNK/=S-_[$_A"R;1GO3DG]N/P%>=E
M<W+JE*(K4PGZSHS_`*S^[[M66Z&]Z<K_`+SR,BPOG"]S\W_NO+QK?ZNAES(E
M$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1%"@>L51YEHO'B^K&
M/>63ZBWRKED#O=6+]H/\BQ'3Z>Q#S?FORJ(4N_>#)OJ]S]*W2S]VL]^M6GT;
ME17.GJV>/A31XS2U:=?>[-[\^/Z;5>N;CWLL?F2^3<M#*Y^72J41*(E$2B)1
M%O7L!9]OAS,2:./:W<(-DX:&-O.[&!`E;'W=Q`C#^,0]`20)U:D:4\5Q!+"G
M5B,'IW(&C>W,!K_V-UC'EU]/AR+-"V&2I[5DM?R,I^`!SBQQJ`&2%Q^(*<T_
M\H>:\:_T#+FV76^+4F3!]Q%05=)#2MQ"`-TN:T2,%"XOC#&TQNK]'5?1U?)5
M*(E$599CA4MR'C:31&!9)=\031Q*;5,8R,R-B5\51EZ97EN?$!ZMA6J4*:0,
M*\]MLD=&\2A-=>VJ#T]CR1&6-`1:BX4V0<@XQR/M#9[<9+@!#F;-F-6&#$->
M)L%/N.,,GR"*JIL]->2<L1`[*TCD^4YBZOTQW-<IX8:E%F5-9$6=<P=U=B])
MV`+_T_5#:I_F1S?_`!,EGC917RKYU?XDZX_:<_TROMAS*?PCYN/V/;>2:KVP
M7ZMF?X4[^,U5;"T#[LV7SY/IN6NN<?WLOOF1>3:K?K,E@J41*(E$2B)1$HBH
MO:%^@1/G`W?)G"L"YQ_=]GUAGX'K8_-;[RR?57_28M(:T2NB%?VSE]-W7S57
M>-V.MA\VGZ]N_JCO*1+6/.O[NV7UUGDIENI6\%S\E$2B)1$HB41:][36'W3-
M^-D4-9S(KOQNR+BV=[QG#>H=8F^)L=SY@F:N./[>E`8:I:Y"G91(S@ZH@W+.
MOIM>VFU7K(<SCRF^?=2B3"Z"6.L9`>TR1N8'-)W"TNQ#[H6.ZHR:7/<LCLH3
M%C;<P2TE!=&\0RLD+'@;K7AN$_<*UA6[&$W5&266,Y^$L<2D;S@"01B`XRAK
MK&,4KWS`V7"\K)7N=;V&!S<GN3@TLUU25&2:@0E@%>ZO0$HN_-U1:M$%M*+N
M>WPW#7R2O#Y@VXAWHMCKL#6?'H7$.<3\7=.*OT3?/-S>0.L;:ZQVCV101N9`
M76EQOX=+3MG.?_5XFM!8T#X^P#E=MDC*+RGE\C>E6+'J<RK:`?<S)BVY]RQC
ME1$$;WBC'6.$J"&99@CBAGC"\LIL#":I-"D,1/A([!.3IM`0E^1ZDR^)UM!$
MVX9:1V;8#5L,H>6S22DOAD!C<UV^4`KBC.XYW5BFT?FLS;RYG?:/OYLQ=<BC
MKB$QAT$,($5Q$X2L<W>JDX2V4&CFMV4RL;V/<B(Y/$97,LK(9P^LTNV<99(7
MUR:U9+I(5F%83D>,O9IN@TX.^GQ;."C4QI@S#+%IA"/&,T=Q7ESZFLG6]S;V
MN7&*%T=RQK011HG?$YO_`$:(R"!LV[!0*;;:-S)EU9W=[FS9[ADUG(][FD.>
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MSQ/(B(,C3"'NAG9(`6L$VV$&@+PT*R<'[..1<5947R*TECD=QQ<B<;Z@T$?,
MB&Q>;N\G?$#DR2,_&<N=G>%8B<HZE3J`'EQHP13F>IN,=R2P[D*AS;.[+,,O
M9!O#WWU8Z22-CQQAK2'-WU@#Y@XD4,NUH%!4[5<\BTUF64YM)<^=11Y926L4
M3IL$KGN#FO,$CG16[F`&H@-'EU30"BX<F[/F9G-_V@$N,9?C5KA6U`VH4>0%
M,S9)*OE<&<`8S;<2.CW"R&AQ(9I()5$F)"80D7C0EIUQ0AC,.+'<NO;#.<KC
MAR9U_;3NNLO<3&&.:&2#?3,&OJ,3:/<X$MQ$M-``15>9IIW.Y;C4+,KO+5EC
MFK0)C(UYDB.\-MW.C#7!KZQM:0UY:`X$DN!HN-SV1G`;!F6.LTF;$J'(F7]E
MW(,?$L2K#CVA@V>D6SZA4L[H8"]KJW%[)PRHN087H++$M+N.WXHZ]CU(P397
M/+;N+X+:ZC=0CMG7)N"'#X`W?Q4;O:FG47DNCY#;YU;0W31'<WEC*RH)+668
MM`6N^$N\V-"-@Q"O578Q_LQ33'TJPC)4,KBZ^V-GW:UM)42MN=@7=8SM,YE1
MY73"8E)*@.]7V*A9TJ0=E!8TZBYAHK7#J@UO+S/K6]M\V@?;R#?V6>$@C8ZU
M@,)Q#JM?B)V;10*++M+7V77>17,=W$[S63,,8(=VS+VY$XPD'8Z/"&FH(-2=
MFQ;MUBBSE*(E$2B)1$HB@&4_5[+/V49^4*K'=6>[F;_V)_"%DVC/>G)/[<?@
M*\[*YN75*416IA/UG1G_`%G]WW:LMT-[TY7_`'GD9%A?.%[GYO\`W7EXUO\`
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MZX6^#`[L%-<HO2:,%KD6FV"=MK(.9=G_`"EM$NFRU+,>P^$0G(4HAB-SREC6
M0..3G?&:R;-$GBJ`#$O-O%51+]"C$I:MS"4E-WP`T(KEA%>B](VTJO_4]4-J
MG^9'-_\`$R6>-E%?*OG5_B3KC]IS_3*^V',I_"/FX_8]MY)JO;!?JV9_A3OX
MS55L+0/NS9?/D^FY:ZYQ_>R^^9%Y-JM^LR6"I1$HB41*(E$2B*B]H7Z!$^<#
M=\F<*P+G']WV?6&?@>MC\UOO+)]5?])BTAK1*Z(5_;.7TW=?-5=XW8ZV'S:?
MKV[^J.\I$M8\Z_N[9?76>2F6ZE;P7/R41*(E$2B)1%JB5M7-*LPY^;,4Y5>,
M1D3B^/!9F:441718Q])EEH0O>4L<*E]\B+8&UR>PT:AY)9S"0C*,/"`2(`E=
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MFL=CC5&7AS?TYSR_FJH(K-$061N8DYQ`BC#;C&$N*'(<TN+(7UM:/E9OTD9:
MQKW/:8VL<XN:&G"VD@%2=T&H%!67/JC)+3,CEEY?Q0R>;Q2M?(^-D;Q,^5C&
ML<YX+GDQ.-`*4+2":D"P7'*6,FB7M&/7;(T$:Y]($X%;#!W&71]%+WM*9<RQ
M:EHC2EP*>G)..Y(]`R2!AOJW[/8O5&S+[^6VDO8[*9UFPT=(&.+&GX"X#"/^
MI5QDS7*X;R'+ILRMV9A(*LB,C!(X?"UA.)PV;H!5>%[2./KX$?-HQ4GD+=`F
M!OF#@N2K43=:0B+ADB>(NN))1IW90V7/<'9E'9+<:P!=P&EB-&3^/J5IR.]X
MXBR1KF.O'E@!!.'MVM>-I`.P.V]K78:`[*VX:FR[V?GU(]LC<OC;(2"!C_)/
M=&0`'%M2YIPU<!0@DMVTR$%S3>2JI(@F>.YIB%1&HXU3$U?.E,*6Q-TBKN8[
M%ENS5.8/+9;$1C:[M`^$$QZQ.I2!,*-U!IC2SQP7>5[PV!]K>Q7(D>64C#P\
M/%-ACD8Q^VO:D-(.T5#@0)EAG?G3[F.]RV>S=%$V2LIB,;HW8NV;+%))'VN$
MXVEP<VH-"TAQS%\\X-M$TT]OF;%%H*M$M`CFE\B1#FFK&V6`)Q`FD?#'`YXF
M^Q@;GV"=>Y5A6UM&FI7%&;><.L^*[CSL4JS>WXQ7<JW#BV]39M4[C_(?-&YA
MQW:>8.K23?H][.'XU'XL)IU=NSJKEE^8H%$H4MG/#[+(6XILDCBSHF.4PPI7
M*QQ).M4O[=&E\BDL?C2M>V`;3[*-V7IR$MR1W/-*"`8@^6V67ES=-M-Y<Q^)
MH<7,?1F,@-+@UKG`&HI1I)J*`U45YG67V=B^_P#.&21AKW-#7QUDWL$O#"][
M&$MPFM7@-H<1%"LV9DS&Y,W)QF=D"$%9(4(+NB?'QDK803<]LL4(Z[B3%!+[
M/QJ"Q(;CW8*>Y>K:]].BI0L+XVAOQ9R^8@TWS`[>Z_!CIAK]RM5/.:98+X96
M<Q@&9EN(0[XS?2W=KO=<=*=6E%T$>8,2N`IF!!E''2X>.=UZ0@HYM&E(H'O>
MQUS^>827,=XON-DYFOO[<-74%IT:+Z(W99F+/-2_+YP)_P"KK&X;Y7Y&SM]W
M^C52V9SE$AO1'FMLXVW]=25AWJE:[Y1W:4H?C4W"LU#)Y!LCL9<FQY,XG/8V
M<H/2%2"&2)GE#&:J37#92F+=F-8N0#4)[CMK@L9<0--M-K::E75G=V,I@O;6
M2&<"N%[7,=0[AHX`T*GV686&9P"ZRZ]AN+8DC'&]LC:C=&)I(J.J*J653*K2
MB)1$HB410#*?J]EG[*,_*%5CNK/=S-_[$_A"R;1GO3DG]N/P%>=E<W+JE*(K
M4PGZSHS_`*S^[[M66Z&]Z<K_`+SR,BPOG"]S\W_NO+QK?ZNAES(E$2B)1$HB
M41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1%"@>L51YEHO'B^K&/>63ZBWR
MKED#O=6+]H/\BQ'3Z>Q#S?FORJ(4N_>#)OJ]S]*W2S]VL]^M6GT;E17.GJV>
M/A31XS2U:=?>[-[\^/Z;5>N;CWLL?F2^3<M#*Y^72J41*(E$2B)1$HBVFV/L
M\&8"S,R2!>H,!#9#8,8G!`=(@69%YQ=R7:Q>G1N[`X`*5:UK7&(@!I0=&ZWK
M:?,]KQV@-9V.83R$9-<?D;D=3>WD4DI\,3\+Z[N$/:/C%:5Y^^;-G.AS?9CE
M5M$#J"U_S%F[<._,!K%7Y,["Z.E:!Y8\_$"^GPLPLXLLXDP!I1H`F%&EB",L
MPL8;"`86,-[A&`8;VO:]KWM>UZ^GS7->UKV.!814$;00=P@_`OC6]CXWNCD:
M6O:2""*$$;H(ZA'5"_=1*%*(M+L+;-,KQGL9/.S8[/T>7RIR8<^-)3ZW7<KQ
M\L[+,TR-)F4PRZE"0Y;DVI)F06JT$7ONA1FYV';5N(O:[:K_U?5#:I_F1S?_
M`!,EGC917RKYU?XDZX_:<_TROMAS*?PCYN/V/;>2:KVP7ZMF?X4[^,U5;"T#
M[LV7SY/IN6NN<?WLOOF1>3:K?K,E@J41*(E$2B)1$HBHO:%^@1/G`W?)G"L"
MYQ_=]GUAGX'K8_-;[RR?57_28M(:T2NB%?VSE]-W7S57>-V.MA\VGZ]N_JCO
M*1+6/.O[NV7UUGDIENI6\%S\E$2B)1$HB41>7,GV>-II!B-'@7'91#.;`'U[
M48LS='MH7)^+22X4Y2T<B2-4OQ]!"T1DGF*)D%9GL4Y#7LU[ZR\)I8S#$@L_
MM\ZR%^9.SB])<)F-WV!UM%+VX9A)9))7`PN[>K<+_P"A0@!RU5=:<U1'D[-/
MY:`QUO(XP73+R>`;TZ3&&R0Q4QR!OY.CR^/=D!!)8I>W[.^78'DJ^6&J+P7)
MHRLA[5"LF`OLJ&PD$1_/<G@3]'Y@TO"J*O21')FM)"36QS3&$BL)M=3MP-$(
M`B5-,_.LMO+'BZ2XF@&\V@WQK,7;6[)&N86A[26DO#FD'XS!4;:MK(].9QE^
M9\;PVMO=$7-^=Z?)@`9=OB>R1KC&X![1$6/:1\21V$U!:ZNX]LKYQQ8>(YIQ
M[B#+A3OLALF`5B1ZEJB.)HY)3LDY8FCHR-12^%NP5N(FI!/T:+5_P%RA*UI[
M!2ZP=4-;-J'*<P%)+VYMBW,G7`+68BYN]0L#C1XI,3&YW5:"]W;*W6VD\]RE
MQ,.76=X'Y,VT(=(6!CS-<2.:VL3JV[1*UO4<6L;VE108I7LF[1K0JA+"G+C4
MO:<?Y&V/9<GE3=*6&"`EL<V?FO%C5(BY>PI8`=*9ED8]=$G4Y*K=WXUM`V+$
MY9%B#$I:84QNHLDD;=3$R12307C"PL=)@=<&4MP.,F!D5'L!#(P[&UQ-0XN4
ME^D=2PNL;=HBFBM[G+I!()&1;XRT;`U^^,$1?),3'(6NDE+,#FAN$L#%MW`,
M0Y(@^RLMQ2C)QXY9""7D@2-OEQ*M^QP\!E6093)DS))B@H;*SV9X87H*19>R
M8[<+FC%8H^P-0>-WF96-WJ%F8N,S;+\E4LHV5N"-C2YNVF)KFU;M%:#:*U&8
MY?DV9V&DY,I8VV=F/Y:@D!?"[?)I'AK]E2US'87=J:5.QU*'58G8\R<LB6:X
MS`(LS[/4'F<:@Q[%A<C+3M.(4XY*B^26N=OCJWEFQAQ9<81&3L+*%@4$-R%2
M4L3K!G'-Q6]@%*,A.IK!MSE4]Y<.O;N*23%/O(C>(GQ&-H/;!TKV.=O@+G`M
M+0`\XB1B;=&9H^SSNURZT9EUC/%$66PN'2Q&9DS97N':%L$;V-WHAC7!P<7.
MB&$!TI@FR--G#-4/S!D2,QP")-E*1SA^CDDEY&0'@5R<)@QK%Y*ONEB,>AY\
ML,>"P7T(T@+)V](C&,\U47>Q=/=ZDM697<Y993OQFW;&US6;VW^OWU[15[GX
M,/RCM<7``-.VKL-'WTF=V><YE:Q8!=OE>Q\F_.V6V\L>:1LC,F+Y+11C6$N+
MQLCT_P!B')<DOM0,3<X1(<(>H+FQNV8612XK$P8[*]IH3+)<N'R4@MK.(9DC
M;,V4\#48EN?JMSRJ!N8+Z;"G6>J["#B"9[)/.VS0&Z<`#B9:XFPX=O;$L<,=
M:=LQIJ539CH7-+KVJMXY(?,7P7(L6DD8)+W"^X+QA(:&R-(C+:]I(X4'5NIL
MPEE-GR%)VBT(Q/((3*MHY;GOI8DCDK73&-H%\;3(0(6&*%,B4:7)\:7)0MS,
MZB<#FY.RZHS0&&@ND,M<F:Y?+96\OG=RRZCL1;[RT`,<0XFKGXC6)P.)[,(<
M7[`0#B%\BR/-H<QNH?,;22QES(W?G#W$R,!8!1D>$4G81@CDQE@BH2"1@.N<
M2V)<L<T6^'3J/1A_OC?`+_B)E<UF6GQ"BR*ZN$@A+RB4-?,^"QY\@[,J40L+
MP>I=3'EP02,TH9`%)0%2A9>[G567><ON;2:1F_WC9G`0M)C`:]I!QR.;(X8\
M`#`QKH@02TEH;C5GH;-_,X[*_MXI/-LO?;M<;AX$SB^)P+=[B8Z)I,>^$O,C
MV3%I:'`/<_=;9>@65(,T3Z^3CP"O(Y@F>(PG=5T2D>0"&LJ+L+4M,R'.H7#8
M,US)W.=F\ZR10>D5N!3<`@"A<H'H`1BN?WF7W<EGY@/B1%KB`]L=<;B-[C>^
M0L;0BH!#2ZI:QHVG.-*Y?FUA#F'&COZV8.8'&-\H;@8T[]+''$V1Q<#A):YX
M8&ATCCL;M%5@65)1$HB41*(H!E/U>RS]E&?E"JQW5GNYF_\`8G\(63:,]Z<D
M_MQ^`KSLKFY=4I1%:F$_6=&?]9_=]VK+=#>].5_WGD9%A?.%[GYO_=>7C6_U
M=#+F1*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B*%`]8JCS+1
M>/%]6,>\LGU%OE7+('>ZL7[0?Y%B.GT]B'F_-?E40I=^\&3?5[GZ5NEG[M9[
M]:M/HW*BN=/5L\?"FCQFEJTZ^]V;WY\?TVJ]<W'O98_,E\FY:&5S\NE4HB41
M*(E$2B)1$HB^A#^G-GSI-Q2+&[\MW688J)1MJ?=A?XSE"#0W)CZH-Q7M<X;-
M<D2`VP;7L646GN*^L;7T(_XY:^]IM*'3=_-7.,J:U@KNOMCLB=]TQT,3J;C1
M&2:O7RO_`.67-A[':W&K<LM\.0YVY\CJ;D=X-L[?N"6HF;7XSG2@"C%Z*UT6
MN3U569\SP+`D"79$R(O<$S,G<V&/-;8QL[E))5+)=+7E%&X?"H;&&5.K>))+
M)7(7).B0HTQ0A#--UAW`4`PP!`*JK8'M8Q2=N.18>+'&8H7E[&T&*R0NP?.X
MFT,>295"UW"Q#&^X_&GDSC`YFC>WEF.;+"1O@K-SG<M.Y71#.*UR]HO_UO5#
M:I_F1S?_`!,EGC917RKYU?XDZX_:<_TROMAS*?PCYN/V/;>2:KVP7ZMF?X4[
M^,U5;"T#[LV7SY/IN6NN<?WLOOF1>3:L#/,_M\*R&5B]MQME#(LLO"4V0%2:
M`-D35)F^.*WQQCR<Y8HDTRBU[J37)L-#8HD)M]71?^W1;95GDS[JR-^^^MX+
M;?3&#(7@EP:'&@:Q^RA&TT6I,PU#'8YB,JBRR[N;O>!*1"V,@,+BP$E\D>W$
MT[!52*)YRQ=+H7")XGEK4PLN0SC$,6)F"U)%7=>]IU:EO7QL#6\J$JD<C;7)
M$<G/2%V,-`<2*UK7M;3>3<Y3F%M=7=FZV<^6$5?@!>`T@$.JT$82"""=E"JF
MTS[*KRRL;]MXR."Y-(Q(1&XN!(+,+B#C:X$%HJ005,;3F$WE8H):81:\X"CX
M1%#;2!IO*PM^YV.W\*.[[X7LCW$5A[KN.IJWTZ=%4OFEUYOYYYM)YI6F/"<%
M?@Q4I7[E56^?V/G?F'GL7G^&N]XV[Y3=K@KBI]VE$;IS"7?G)P3,8LY\SE"A
M)+N#I`TK>:JI(`XU4FDF]E9O`:A,6G,$8!5N0@!`*][6L&^@^TNH]XWRVD;O
MH!95I&,'<+:CM@:[*52._L9O.=YO8G[R2)*/:=[(W0^A[4BAJ'4I18PG*>,%
M$>+ER?(\#/BAPEP"9.3+X\;'C1M:4]<Y@+>@.(FT8FY$E-./M8V]R2BQ#'H"
M&][3#E]^V8VQL9A<"G:8'8MIH.UI7:2`-FTFBE-S;*W6PO&YE;FT->W$C,':
M@EW;5P[`"3MV`$E="29@QS&FZ<K#Y8Q.J_'4.=)W*8PQ/+.YRQ#'&MG,?1K!
M,!;@!:4%8WEV$F$;8HHZY@-`]`K7J.#++Z=]HT6SVLGE$;'.:X,+B[#3%2FP
M[M*D;=BEW.<Y;:Q7[W7<;Y+:%TLC&.:Z0,:W'7!6NT?%K0&HV[5DH'DN#9,:
MPND+DS(^V+2-:IT;VYW:W!UCQKPB"O1MTC0MRU88S.FX"OK$'7".P@"M;3HO
M>I=Y8W=A)O=U`]FT@$@@.PFA+20,0^Z%-R_,[#-(M]L;IDE`TN`<TN9B%0'@
M$X74ZA^ZH+M"_0(GS@;ODSA6M^<?W?9]89^!ZVMS6^\LGU5_TF+2&M$KHA7]
MLY?3=U\U5WC=CK8?-I^O;OZH[RD2UCSK^[ME]=9Y*9;J5O!<_)1$HB41*(E$
M2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB410#*?J]EG[*,_*%5CNK/=S-_[$
M_A"R;1GO3DG]N/P%>=E<W+JE*(K4PGZSHS_K/[ONU9;H;WIRO^\\C(L+YPO<
M_-_[KR\:WN=G(AF:G-W5`-,3-3>L<E`"`@$>,A"F,5&@)"8846(T195[!L(0
M;7O^&]K=FM_7ES'96EU>2@F*&-SR!2I#6EQI4@5H-E2!7JKFZRM)+^]M+&%S
M1--*R-I-:`O<&@F@)I4[:`FG4*C`)@O,``P$#F@@&!",`M2+6TA%:P@WT7E-
MKVTVO5J;G5PYH<W3]]A(KN0<.KP[(;9KG-=J7+PX&AVW'^G7ZYVN/D%-.TBO
MUJKWCBYY/7W^!PZAXCM>4V7]>X_TZ<[7'R"FG:17ZU4XXN>3U]_@<.G$=KRF
MR_KW'^G3G:X^04T[2*_6JG'%SR>OO\#ATXCM>4V7]>X_TZ<[7'R"FG:17ZU4
MXXN>3U]_@<.G$=KRFR_KW'^G3G:X^04T[2*_6JG'%SR>OO\``X=.([7E-E_7
MN/\`3ISM<?(*:=I%?K53CBYY/7W^!PZ<1VO*;+^O<?Z=.=KCY!33M(K]:J<<
M7/)Z^_P.'3B.UY39?U[C_3ISM<?(*:=I%?K53CBYY/7W^!PZ<1VO*;+^O<?Z
M=.=KCY!33M(K]:J<<7/)Z^_P.'3B.UY39?U[C_3ISM<?(*:=I%?K53CBYY/7
MW^!PZ<1VO*;+^O<?Z=.=KCY!33M(K]:J<<7/)Z^_P.'3B.UY39?U[C_3ISM<
M?(*:=I%?K53CBYY/7W^!PZ<1VO*;+^O<?Z=.=KCY!33M(K]:J<<7/)Z^_P`#
MATXCM>4V7]>X_P!.G.UQ\@IIVD5^M5..+GD]??X'#IQ':\ILOZ]Q_ITYVN/D
M%-.TBOUJIQQ<\GK[_`X=.([7E-E_7N/].G.UQ\@IIVD5^M5..+GD]??X'#IQ
M':\ILOZ]Q_ITYVN/D%-.TBOUJIQQ<\GK[_`X=.([7E-E_7N/].L\Q/)$@:DK
MLF(5)B55U`;)UH20*B1IE)R0T!P4YZDFPK&D"_NF"MH_MJX9?>QYC:17D4;V
ML?78Z@<,+BT@T+AN@[A*MN96$N5WLUC-(Q\C,/;,J6D.:'`C$&G<<-T!9>JQ
M4*410H'K%4>9:+QXOJQCWED^HM\JY9`[W5B_:#_(L1T^GL0\WYK\JB%+OW@R
M;ZO<_2MTL_=K/?K5I]&Y45SIZMGCX4T>,TM6G7WNS>_/C^FU7KFX][+'YDOD
MW+0RN?ETJE$2B)1$HB41*(E$7K]_2XPJX&N\FSNZ75I6M(D60B+$!,/3E.RQ
M4)&J?W`X`!%A6(6THDD@JPK&$B4F&7T6,3AN'K__`(MZ*N'WF9Z\NB]EJQCK
M:`5($CG872O.YB:P!K6UJTO+C\:,4X,_YH<X=JRPR?FTLPQ][(]EY<NH'&)C
M<;8&`FN%\A+GN(PN$;6CXDI!]IZ[47SR6HFV5BC(.3(-C208K;6J23_!6><7
M9[8(,]NY<>;<B%0->O2R&$7D*@E0A87AXBK\N$T+%18D9#R2D$HN`FQA@"]'
MW55$/:<YSC:3D.UU,=GB<8N:,7;+TTPWC3"SW-,)/>9\MR6:3.'Y,E2@\Z$Y
M4DN&8NB(4XO:6B-\(R\NQZER6GKQ-B<(1#)LI2J__]?U0VJ?YD<W_P`3)9XV
M45\J^=7^).N/VG/],K[8<RG\(^;C]CVWDFJ]L%^K9G^%._C-56PM`^[-E\^3
MZ;EKKG'][+[YD7DVJHIWLX]).TB=D62K9FVPHK!;3!42F`9@R;BMZ-DZ>>2)
M]5D.-\82Z(.#LU@:7(H185AIZ<)M[ZH+"M>];6M,[\QR,64#8G77G9D(DABE
M;@,;6BF^L>`:@[@!IU5I2_TUQGJ9V973YVV(L&Q`Q7$\#L8E>XAV\21ES<+A
M3$2*]2JTF<-CO/B6%1F-*&:TQ1E[/\IV>QQ]NDN(6LEJL5DJ<+V&42!WFV,I
M:H*9YG!GYKN^.,>"GD>_FH!HB#S[A,*RMFILG==3SMEWIWGC+G$6S&OY*,.8
MT1RLVLD:_>VR5CPO(J!L.#RZ,U`RQM;5T._,&726F`/MVX?RTI8][I8)#ADB
M>S?7PTFQ1@X7.H19X=EO+K'F%.JAS9P>U+9,S/D@R'*'S'>08^?=-BY#"G;(
M;`DD<.!FF"YV,4H]Q(,:G$+`:6*YYP@[J8GM;SJ#+9<L+;F3%((W-;&QLD;M
MLI>(W%K]XDMZ&IQMWP'8-P.5T&E,X@SEK[*+#$Z5KGS/=#,PT@$3IF!\?G,5
MU44!C?O1';$[2U5G&=DC:!9H.K0!B+6*31'`$:PP!*_2##+G$\BW29`@CY)0
M1F/,N*&1O5MH([&7%2QKIWOQ:G>G$(%)`TXUQRJOGU)DTMVU_G+O-Y+QT]6M
MG#XZQR-;B<Z9Q!Q.:)&V^%I8VK2'8`VUVNC]106#XQ9L\ZAR]EM1[[9T<U)H
MG/P,;;M!;@8\Q.NL3A(\![2TR.=+(!LCY(>,M-;]D['R!3CTK:<#F]6US=[Q
MS(U2AIMLIN>*FP;DQP9C8HA:1M62FEM5#2HV\M$2285<HY3<@PR]/>:DL8LN
MDAL+PB]-AO`,;9&@'SL2FCI'.?A,1<*N<7$@U#:@*KR_1^9S9Q%<9IE[3EPS
M3SHME="\EOF#H&U;$UD>-LS6.+6L#0"VA=A)4B3[-6428I*,9]#>,3W!"7M9
MKV[/*]]0BD,K-SFWY#!%`,B5M)0/3/)'$4P2))'PN6:V$)F^UD8E%[IQI)!S
MW+S<6]_QG<!A\S!MPTX6;P8\>(FK7-&`F+`0XEW;8>V#JENF,U;:7>5\2VID
M:,P(NRX8Y#=";>\(`#FO.^-;-O@+`UG:8NU+-@L-X$=<:97CLH2L$;88R@V4
M\9XC<2F*R)*,V90^2/+@H*&C1D$[Y1(V]RT$*!:;:1B#;1IOILV9YQ'?Y=/;
MNF>^<YC+,,53VCVM`VG<)(VA9%DNGY<KS>VNF6\4=JW*8+<X:#\I&]Q.P`5`
M#MA^^K.VA?H$3YP-WR9PK3G./[OL^L,_`];ZYK?>63ZJ_P"DQ:0UHE=$*Z\#
MM)#Q+W%,>J=$@"XVL/L8TNK@T*1""YLY=@#4MJA,>,B]C;WN"XK@N*UKWMI#
M;1G.@+-E[G-S%)+*P"V<:QR/C=\>,4+F%I(V[E:5H>H%KWG)O9+#([2:.&%[
MC=M%)8V2M_JY34-D:X`[-T"M*BM"5MES%;O#4T].)5RK6WN(+;].OO2I^$6D
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M0YI,V[NW.;$31UQ,YIVC=:YY!'W"%D.E,]N+G4640/LK)K73`59;0,<-AW'-
M8'`_=!!6B]:$71R416IA/UG1G_6?W?=JRW0WO3E?]YY&187SA>Y^;_W7EXUN
MG._H1,O-60^*%E;PS_\`46=?5)O)N7/VF_>+(?KL'E6J0(?_`$2/X*G_`"(*
MN-O_`%$/S!^`*UW/_<W'SW?A*KUPS#CUL6KT:QX7A*:GHF/.ST1&)6LB;0]'
M&I4]V]WFB)D41%K.2JEI1*FZA:6%(<+<SKECL(-KHS++V1C'-B%7-Q!N)@>6
M[34,+@\U`)%&FHVBH5EDSG+HGR,?,ZC'ACG!DAC:XT%'2!IC;0D!U7#"=CJ%
M35M?FAX6R!O;5H%2R*NY+#("``.`)M=U#`QR@E$:(TL`#1F,,D1*-8NXP:JB
MP;WU[""&EDADB;"][*-D;B;]T!SF5[IKAM^!5T5Q#,^XCB?5\3PQXV]JXL:\
M#N'M.RHV_#5"7YH4/[E%R5H#'YG:&-^<FZP#K&)6B2+9`WLBT9HB[)Q@7K(J
MX`"$(Q##=,*XK!L(%Q##(V&.X+/R+G.:#\):&EP_Z![>O]]&W$+KB6U:_P#S
M#&->X;=C7EX:?@VF-X^'M=O4KF*E*<H?>?P\,.#/Q/J4$0&C+7%/(RU("CR#
MSPI$H$R41%EZE8N6&`(3IRRA*%*@P!10!F#"&]3YG<^<^9[R?.:TP[/OFIW`
M`-I-:`5)(`5%QA9>9<8&X'F>&N+;M!-!04J23L``J20`"2`N./Y`B\F=%;&W
M*'1,]HF].[',\@C4FB3H-K4J#D9;DD;Y4SLRMP;PJTXBC#B`&%E&7"$=PB&"
MPO9K.X@C;*]K3$74Q-<UXJ!6A+'.`--M#0D;FX4M\PM;J5\$;GB=K0XM>Q\;
ML))&("1K2144)%0#0&E0II5*JU8XIW;#G9:Q%+TICRVMS6[KVP!P!+4;8]*7
M=&T+U">U]T*2N*I@6EDCO;0,:4VUNR"]1F.01LF+#O3G$`]0EH:2!]T!S2?O
MCX5*$T3IGVXD!G:UKBVNT-<7!I(^!Q8X`]7"?@61J!34HB41*(E$2B)1$HB4
M15##'B1IH\F(11!0XIBUCU8I:!Z9TP3[7>W$5Q6(4'A.+U17N'0*UKWT:?P5
MAN27N9Q9;$R#)G21!\E'"6-M?RK^H34?!M6<Z@L,JES2:2XSUD4QCBJPQ2N(
M_(Q]5H(.S;L^%3N./QKX6Z64MAS2K:'4;2J2'*4ZN]C@H&]PL8`]*(1(@")<
M06[%[Z+VO6099F#[]MV);4PS0S&-S2X.VX&/K5NRE'A8WFN6LRUUD8KQL\$\
M`D:X-<W9C>RA#MM:L*D=7)6I0H'K%4>9:+QXOJQCWED^HM\JY9`[W5B_:#_(
ML1T^GL0\WYK\JB%+OW@R;ZO<_2MTL_=K/?K5I]&Y45SIZMGCX4T>,TM6G7WN
MS>_/C^FU7KFX][+'YDODW+0RN?ETJE$2B)1$HB41*(IQC7'[_E.>1;'T8)L<
M]2IW3-:88PC$0C*,%<:US6;F$1@4#4A+,4GB#:]PDE"O:U[Z+5?--:?S#56?
M97I[+&5O;J9K&[M&@[7/=3;A8T%[CU&M*QO5^J,KT5IG.M4YS)AR^R@=(X"F
M)Y&QD;*["^1Y;&P&@+G"I`VKZM\<0)@Q=!8OC^,$;W8XJTIVM':]K6-4#!K&
MK7!3>W8$M<UYIJD\5NP(XT5_[:^KFG,@L-+Y%E>G\KCPV-K"&-^$]5SS_P#)
M[BY[CU7.)7Q%U;J?--9ZESG5.<RXLQO9W2/^!H.QC&__``C8&QL'4:T!3:KV
ML=5.9FV@<.;/2&!NF9YVU0!NR;DV+X<@ZYW3N9J5\R3-"711&HS8]N0KBVXU
MS(950]\J[D(R0DBN:<"VC22E5^W7/N'V3-D5V<72=-:7-TUA;OD2,8]N0Y&O
M#G"F)6<@<Y%8XA":V(T)"Q,:6'?!Y0SAE#L6$>H+07M#2O47_]#U0VJ?YD<W
M_P`3)9XV45\J^=7^).N/VG/],K[8<RG\(^;C]CVWDFJ]L%^K9G^%._C-56PM
M`^[-E\^3Z;EKKG'][+[YD7DVJWZS)8*E$2B)1$HB41*(J+VA?H$3YP-WR9PK
M`N<?W?9]89^!ZV/S6^\LGU5_TF+2&M$KHA7]LY?3=U\U5WC=CK8?-I^O;OZH
M[RD2UCSK^[ME]=9Y*9;J5O!<_)1$HB41*(E$589<RLR8<BB65OK1(W\MQED,
MA#2R11(WK7UVDL^DS9$(RW(B75U96ZUUCX[D%B&<I*`6$5Q7OHM5PRW+I<SN
M'6\,C&%L;Y"YY(:&QM+W$T#CL:"=@*M6<9O!DMHR[N(99`Z:.)K8P"]SY7MC
M8`'.:-KG`5+@`H]C[/47G;W+HJX,4MQM+H2*%W?(ODE&R,SCO7(ISNDA"YN6
M,S_(&%S(DCBP+DB<!"P:C?2818BPBN#7G7N3W%I%;7#)HY[:7'A?$7.%8Z&0
M$.:UPPAS2:MI0UKNTI\NU!:YA/>6DEO-:WD&]XF3!K74F+A$06O>QP>6.:`'
M5Q-((&RM@/\`D.`1-$I<I3.(?&FY&ZEL2Q>_R9E9D21\.2$KRF92J<5J8@AU
M-0J"S@IQ"L<(H81V#JWM>]%#97EPYK+>TED>6X@&M<XEM:8@`#LKLKN5V*X7
M&8Y?:,=+=W\,4;7X"7O:T!Q%0TDD`.H0:;M#6BQX<F10#O(VQP<$[*ECB6/+
M#9`\N+(ACSH5(VUT=DO!*\;J(TZZ5O:#C3KFE$AL"VN7<P%AB#,\PN3'!(QA
M<YY<,+0XN&$@&HIU20!0G[M#12QFEF)KF*20,9$&'&XM#'8VN<,)Q;:!I)J!
MLVBHK3LJ,F8X21ENFBK($(30YX4$I&B6*)6PDQEU5*33B$Z9N?C%X6M<H/.3
MF```HT0A"+%:UKW#?1"+"^=.^U;9RFZ:*EF!V(`;I+:5&[U0HW9IEC+6*^?F
M,`LGD!LAD8&.)V`-?7"22#0`]1=Q;.X0V2)JB#C,HJWRQ](WRR1=;(6A+(GA
M-_B_YAJ9#UA;DX$?X`_QR2AA_$%V>Q>H&6EW)!)<LM9'6S#1SPTEK3\!=2@_
MZE1R7]C%<Q6<M["V\D%6L+VA[A\+6DXB-AW`OZRSF$R1V>F".S&+/[[&SM[R
M)E99`TNCLP'[H,G<'IN0JSUC4=NI8@ZIX"Q:P;VT:;7I+:74$<4T]M(R&05:
MYS2`[YI(H?\`HD%_8W,T]O;7L4EQ$:/:U[7.8?@<T$EO_4!0=3G"&)2L\G&E
M/=P;.FGG_J(4][G:,9,&6;\WK76VX1_\6D:</^+O?_-V&7_=M8=ZMN4W3CE`
M!96]_J]OYUT/;;-G;M.Y790_<5`[/;)@U`XA],M_KM@V_D&7':;>V_)O&[3M
MJC<VK/M.5\=NQ<4"&8QMO=)HD;E4>CCJ_,R&2KS')D;I&0W$LAB^ZT]T+9G9
M.H,(*"8,)1P!]D`@BO)DRZ]C-Q_EGNCB)#G!KBT4<6UQ4I3$"`33:"-U5$.;
MY;,+0>>Q-EG`+&.>T/.)H>`&UJ787`D"NP@[A"BC5M!XS<)9#8&K=Q,,UGI6
M2%,8C#T)"6Y+T6+Y>5"WY:(3>O<4*<MQ=#PF-I8S@J%I%C+A+L80H+)J),FO
MV6]U>-CQVL.]![FUH#*S&T;0":#8[91IIMH6DTD6HLKDN[++WS;W?7`F+&.I
MB(@DWIYV$@8G&K`35PKLJUP%W5:E?4HB41*(E$2B*`93]7LL_91GY0JL=U9[
MN9O_`&)_"%DVC/>G)/[<?@*\[*YN75*416IA/UG1G_6?W?=JRW0WO3E?]YY&
M187SA>Y^;_W7EXUNG._H1,O-60^*%E;PS_\`46=?5)O)N7/VF_>+(?KL'E6J
M0(?_`$2/X*G_`"(*N-O_`%$/S!^`*UW/_<W'SW?A*T?F"C)<+PGDZ$0Z-9#/
MRR@=LW.D+;(W"V)_B.1SYS*IC+HJ[/LCDL6?X4F:UQ<@`<](U"AO<M^%JB"R
MC]T2759E;-L;K-;"[N9X1EQ;`'ESW-?$(V,8\-:U[7DC#1C@'-PX22*.PZ\O
M'9G99'FEC96MR<W:^Z=$UD37QS&6222-SWOC?$&G&#*TEC\0>T!U68LZXPU<
M5F&=O,[A3O)<3O<YDZZ[82PKI:@7ORK"NS)'HA(UD3:P+U+HW(A1.5MH%(D2
M@")8.UQ;EK!-M*9=,.66<5I=-CS%D+17$&$-$]TY[0\T`)QPNIB&)OP[BGR6
M4@SG,)[^Q?+E$D[SA##("\VUDR-YC;4N`WN=E<)#7'J5JJS+QZ[%O$@<LEXU
MR%)'UVV8L:1&".2(APE#BP3!IEF?W`N.`D;<YN88UDMC9I2QEGR=0J((W<-S
M+.0--[CKS>QF*%EA?0LA;?ROD!HP.866XQ82!BB<YDE(@":;-[/4M8RZ83W,
MN:99<RW#\JACB<`7EDC9+LX,;7.P3-;)$#.7`5V[Z.KEW!@RH'(<6?G%C_\`
M)6G*^/`R9U8L:RUY?E<4(CS/'I"^)LM+'\$=08^=['J!FQMF;##DIBD9BD-A
M7<5%I3)LO\RN(62_D'6\F$.E8UH?B<YK3"&XC(-E)7NH:`-_H-4^2WS;C&TN
M)(/\TR[AQN;#(YYC#&L>X7!?@$+JDF&-A+2XEP_K'*UV^%2E+L[8U:36!P42
M&$/>-)8YQ0(B`+EZ:%9`9I,[-Y1!PM[+'9.UH#%+>0(9837$A/;="_[X;<^Z
MMW9W?2"9HAE9*P/Z@+XW-!KN@$D!QVT:7;#N*[1V-VS3>61&W<;B"2&1T>RI
M$<S7N%-PN#07,%15X;M&ZLADMYDTZ9GKF1!9)O%F9&5UO*'-D=XE*EZU)/8F
M^+XC%(^_H6F4+"QQN/JSUUS"4Z=0>)$G375&B4!306$4%I+%YW=LQN>X8`X/
M8`8WM#WN:2P=LX!NTD#&781AQ3,TFNK^"?S&PEWMD;78W-='(2)8W&.-CPUY
M[1CBZH`)WMK<1Q!M;SIN?YW*I4]`89FEAX9-C3@@R68I?)K$'4+5!\GIWM5*
M</'N4;FLAB9+L^)$P0)R4ZPE^+0+]02%,)15=:/AM+>WB,T1N=[EQ8)FL>*R
M1%H9,`YC7T:3M):8\;*XW!JMM_'<7]W=SBWG%GOL.'?('2QNPQ3AQDMRYDKX
MPYS11H#A*(Y*;VTN492PF2<).3H9C)]:%#OB39:0OZ9`D?7)T>(E!,P9&.R-
M&+2Q7<IS7N`X,N:3E;(O5FNJ]K%O*Y2DT`K6J'74&]QQB_8YK;F[+22T!KY(
M8M[?@&P#?`\![0&-?V]6@JE98W.^RRG*Y&.?9V(>`'.<Z.*XFWYF^'MB=Z,9
M=$]QD>SM*.(*FK)C$<BR:WFJX*L)PJ3)9ZZ1Z*/K6J;HX02LQYB]J*4JX(XC
M(3MK.XRQ.]'(VQ<W%6+7@.<+$V,/*-M22WX@L'AMV#FACC#GM(+MDDIH)!NN
M#,`+FN/:T96@(5=!E9N<TC+[!PR02RN9&]I#`##`VIB=0-:Z02%K',%'ATE*
MN!5>@Q1DR.8VPVGA["\-,A6X)9.FTV]ESF[2&3-T^V;W22-\LU)$S/$IDRB#
ME39&C*X1*47).4)4YQ01@#5:<QL)[[,W7,S70B[=O&X`UICN0TL[5S6-$F\.
M<<)%0'.!H5;1E&:6V69*VSMWLN'6#?.=USGO$MFYXD[=KI'F+SEK1C!H7,:0
M"`IG#L:+GO)$36K(^MZ,FEVE+NF8RH(_8M@Q+ZDCD'*:'$C&L@?G)R3HKNR8
MPPDI<G3IA/"`:\A-8T05A]+<WS(K&Y8V8>?N:P%V^-EDPETE1OK6@5H:$M).
M!P874[45UEEDD^9V<C[=W%;'R.#=Z?!$'!D6$B%[W.`Q"H#@&[XPR-;7MW;R
M5B:SM*(E$2B)1$HBA6/?HFW_``M[\?.=6/3GZGMOGR^5>L@U3^N[KYD/D8U'
MFAPD*1ZG1;3'2'9,*7:XU)KV2VB`?>,QH(B+$&(U`AV"6$(M?6M:^MHT=CLV
MZSN,QAOL_;9Y:V:+SRI<90RAWB#90M/4H:UZM.HKK?6N5S9?IM]]FKH)?,:!
MHA,E1YQ<;:A[:;:BE.I6NU3.-OBA\3N`E;=P6K;'52TJ4ME@%P=U3$ICKF`4
M`)("((K*;6T:O]E7O++^2_CN3-;;U-%,Z-S<0=M:&FM0!\KX%C^;9=%ETMJ(
M+O?H)H&RM=A+-CBX4+23\GX5C0>L51YEHO'B^J4>\LGU%OE7*K=[JQ?M!_D6
M(Z?3V(>;\U^51"EW[P9-]7N?I6Z6?NUGOUJT^C<J*YT]6SQ\*:/&:6K3K[W9
MO?GQ_3:KUS<>]EC\R7R;EH97/RZ52B)1$HB41*(E$7MS_3$P%P.P.V?)$CM9
MQDI:J.P,!P;ZZ5@3*KEOST$`PZ`F.SDELF)';0,)*8W1I`?7;O\`QAT#YG87
M>OLQA_S%R'0VH/\`1B:ZDLGWY'M#&G=#6.ZCU\YO^9'.?Y_F=CS895/_`)2S
M+9[TC<=.YM88JCJ11N,CQM!?(S<=&O6RNMEPPE$7F=_4XV7'?:\ANS3B1(S.
M:Z/';2+NX3B0M98#%&-V%PV3MJ:%,N2K#N:28E4Q+(<O8S41Q=[FDN(TX@Z+
MVUK>%1--*E>=$#PGMZON1F#;?G6&U;/M:O6"=JN!IF$U6C6-$,<<5[/L*@.!
MF-8OW3_*->7\](I=*D80VU-ZR$NPK6U--R]V;G47_]'U0VJ?YD<W_P`3)9XV
M45\J^=7^).N/VG/],K[8<RG\(^;C]CVWDFJ]L%^K9G^%._C-56PM`^[-E\^3
MZ;EKKG'][+[YD7DVJWZS)8*E$2B)1$HB41*(J+VA?H$3YP-WR9PK`N<?W?9]
M89^!ZV/S6^\LGU5_TF+2&M$KHA7]LY?3=U\U5WC=CK8?-I^O;OZH[RD2UCSK
M^[ME]=9Y*9;J5O!<_)1$HB41*(E$6L&UQC&3Y:Q0V1F*,H9$X-N5\,S9:Q<Y
MCH:H=H_`\FQB6R)O;Y0F.3JF-T6,K0<6F4E&E&DGB"(`P"M85K_IN_@R[,9)
M[B7`QUO.P.PXP'21.8TEAJ'`.(J"""-T+%=895=9QE,5K:0;Y(V[MI2W&8RY
MD4[)'@/%"UQ:TAK@00:$$%:B+-EW+@5<QFD,QXFAB,4QV6IZGQ2_9F=LCR3(
M$KP+F9).WYY43R5FN:6*B<((G*:&U,):>F-4)[#."E#_`(AF2-U!EN&VM;J]
M,KMZNX]^;`(FQLN(#&UN]LH7TDJ]QP@@'9BW!A[]*9N'WM]8Y<(&;_8RBW?<
MNF?-):7(E>XRR8A'6("-@Q%I(JX,W3_9%LX9AD9\WR"[XU<4$K?]I289,BZ&
M$9&QLIF46ALHP9BC&I85K;DB,2+#TN`ZK8*<2^-:^U]P)O82%0?:][FH,\RR
M`6EE'?--NRQ9$\R12ACWLGFEV&)[9F4$@,;V[I^.T=1<Z:SFY-]F,V6.;=R9
MG).P130F2.-]K!#M$S'V\F(Q$2L?N#^K<[J_N-[(V7E3Y`W"?1K%QB5JF6R)
M(9`RQ9,U-<-2)<*P#*#')$K#%26Y(V(TK*\29M"B3D)R$X]00R"B2P!+"GU)
MEK8KQEG/<8G17C6N>27DSR1.:7/J22YK78B23U"235>VVC\X?/E\F86MH6,F
MR][VQAK8P+:&=KPR.@:`USV80``:$M```77D&REF%DD/.>/L)3W'4F1]K-<G
MQW%G3$B,Z[+G23PM\B<@0)\M0*9P1*'>L=7(W<O<"7).E<S+I1&V&J3*O8=0
MY9+#O$TV"<P6@WQXF/;0,>U[289&2':YKF&I:2T8J4:YL-QI+.8+CSJWMP^V
M%S?D0QNMP<-U)&^-X%Q%+$-C'-D%`\-><!-7M?TD&R+ER#O>*RXA%4+@Y-4=
MV=VZ42*2RN!9*QD>;BI2V%.=I9',CP,O(J20P5H2#)B;S$3T"A0(E,8J"D,L
M8*HGZDRV[BS`W-P6QN?<EC6LDBE_*@TP.BDWLMD)K,R8.`JX-Q"B@CT?G%A/
ME(LK1KI6168>]\D4T!W@MQ;XR:+?@^)H(MY+<L)HTO##56QLXX!R7BS,MUG,
MQMC&-6EFR6V"N_NF.9XJ2FRB6M#\R(,,35KB+'F-KASJ)*<L>6Z5JSP%J2R`
MD`-$#=PV[/,XL,PRO#YTZ2^<Z(]J)(P<#'-<9V%[H2\5`8Z$#834BM%=M-:>
MS3*<Z+_,6Q96QD[>W=#*1CD:]HMI6QMN&QNH72,G<0'!H:#3$LAE#&&>4#[M
M6,..L?1N:L&U<VH0(IBYSY)&$^,WL["[#AAS,EC"H:%;L\LB)-%TSF3=JWTI
M4".,($`G0$RH,OO\H?#IZ:]O7Q39<XU8(R\RMW]TXP.!`:XEY:<=`*`U.XIF
M:Y5G\=QJVWRW+HI[?-VBDCI0P0.\V;;.WQA:7.:`QKQO>)QJ6D-W5%778]DY
M3?FP+6RQ=PD$BS=L8RJ`RE8-O)?!PW`#7LXM<G5&N%TXE;,N(*Q_(=[)P#M<
MVRB]@WM91>JB/4UN7Y5ODLC866EZR1@KAQW!N2P4K1P_*1U/4I_\523:-NA'
MGF]0Q.N);[+9(I#0.WNT;9M>:TJTC>9L(!VU_P#DLCC39HGT(R#L\31UAD0>
MQP9_VTD4N5W=&VSNR-&==H`.4L9R-M.4-QHG;@5D(4A.3%FE'I#W,=B].L=>
M\%]GMG=V>=6L=U*S?F618*&CC;V^]2M-#LQ.I0T((:*]13<LTOF%CF.G+V6R
MAD-O)F0D.)N)K;J[W^![21VV%H=5H(+2\T_I+T<K"%LI*(E$2B)1$HB@&4_5
M[+/V49^4*K'=6>[F;_V)_"%DVC/>G)/[<?@*\[*YN75*416IA/UG1G_6?W?=
MJRW0WO3E?]YY&187SA>Y^;_W7EXUNG._H1,O-60^*%E;PS_]19U]4F\FY<_:
M;]XLA^NP>5:I`A_]$C^"I_R(*N-O_40_,'X`K7<_]S<?/=^$JMTV5&M5E59B
M\IN5B&C:%!QDEL<GX(M*4*1@>U\'&5<050'\B)2MM=P6U;EG(SQW#?229:UU
M=E\C<O;F!>*%P[7;7`2YHD^##C8YGW'`?"%8VYM$_-GY4(S5K"<=1AWP!CC%
M\.,1R,D'4+2?DE9(K*V.C5SLW\[V8@UD12)R<%2T\3>TA;X>KLWS):D?%P$[
M*Y)H6X"LG>1IE!P6E1>Q2O<3+V#4!R^]#(W^;.(>6@`;35XJP%HJX%XVLJ!C
M&UM0IHS;+3)-'YXP&-KW$DT;2,TD(<:-<(CVLA:3O9V/PG8OP3EC'QS:X.EI
M&244UN;>RK$2M"ZHGX#R\DIU#$TDQE8A(D:MSD2=648VD$I1FN(#0"3!-L,-
M[CEUZ'LCW@DN:7`@@MPMJ''$#A`:0<1)HVAQ47C<WRYT4DOG(`8X-((<'XG`
M%C<!`>7/!!8`TEX(PUJLXQS:)26Z$+#(6MT,<F]>YHR$JH`U)B)I<[,CN8-+
M?54)S6AZO=$K*,"`U*K"(DT(#0B#:5-:W,&/?H7-#7`&HV5(Q#;N&K>V!&PC
M:*A3X+ZSNM[\WN6/+FEP`.VC787;-T87=JX':UU6D`BBC*7,^+%YZ8AOG#$X
M74F1<G=V]0->A2&3A$U+X2%U<DA1S>R\\DSXCNTW5FD6<AJ2P)]T&*P:GNRO
M,&!Q?:/;3'NBA.]DA]`=KL!:['0'#0EU`J9F=Y3(YK8[^-U2S:#4#?0TQ8G"
MH;O@<W>\1&,N`;4[%AFK/V,7-@,DAKV>TMI4CR%'!\)MZNR@KHPE*Z)RV0JB
M4!:^[?$&Y8C`H-=%-R4B1*K($K&G,,N6&;)D]_',(!$'/P1NV$4_*L#V-%:5
M>0:!@J20<.("JD0Z@RN6W-R9RR(2S,[8&OY"0QR/(%:1@@$O=1K6N;C+2:*Y
M@BL*UA!O8016L((@WM>PK7MIM>U[=B]KVJUJ][J_M$2B)1$HB41*(E$2B)1$
MHBA6/?HFW_"WOQ\YU8].?J>V^?+Y5ZR#5/Z[NOF0^1C2)?\`<9[YZ#_=6*TR
M?_N=0_7O_P`($SS_`+73/[/'_L7"0[_G3+ST=/D+53)?CYU]>D^C&F??U>0?
ML^/Z<B`]8JCS+1>/%]![RR?46^5<CO=6+]H/\BQ'3Z>Q#S?FORJ(4N_>#)OJ
M]S]*W2S]VL]^M6GT;E17.GJV>/A31XS2U:=?>[-[\^/Z;5>N;CWLL?F2^3<M
M#*Y^72J41*(E$2B)1%<>`L0NV<LKQ/'+7NI1+NNLH?7`L-KV:(T@T*GQSN(5
MKEA-)0@$`BP]`35(RB].D=JS'0&D+O7.J\ITY:U#)I*RO'_UPL[:5_P5#00V
MNQSRUO56`<Y^O+'FVT1GFK+VCI((L,+#_P#;</[6&/X:%Y!>1M;&'OW&E?55
M'V%IBS"S1EA1E-S)'VM`RM"`FU[%(VUL2E(T28&G3>X24Y(0Z;Z;WT:;]FOJ
MME]A:9586666$(CL;>)D<;1N-8QH:T#[P`"^)N:YG?9UF>89QF=PZ7,;J9\L
MKSNNDD<7O<?ON)*S%5BH$HBP<ED\:A;"Z2F8R%CB<89$PEKU(Y*[(&)A:$81
M!`)6Z.[HH2MZ!,$8[6N8:8`%KWM;3V:(JXBVT3L_3EME3U"LZ8<F#/!&<R0S
M=VBV3H3(&V&L!*=8K.?)4N:7M6ECS.4E;E!@E*L9)(2R#!7%H`*]B+__TO5#
M:I_F1S?_`!,EGC917RKYU?XDZX_:<_TROMAS*?PCYN/V/;>2:KVP7ZMF?X4[
M^,U5;"T#[LV7SY/IN6NN<?WLOOF1>3:K?K,E@J41*(E$2B)1$HBHO:%^@1/G
M`W?)G"L"YQ_=]GUAGX'K8_-;[RR?57_28M(:T2NB%?VSE]-W7S57>-V.MA\V
MGZ]N_JCO*1+6/.O[NV7UUGDIENI6\%S\E$2B)1$HB41*(E$559#S5CS%Z]I:
M98XOHWI\1.+JW,42@T[R+(!,S.<A3NS\K8<>1J4O#;'FU0YIRSW!202B*&:$
M(C;7OHJXV65WN8,DDMF,WIA`+GR1QMQ.J0T.D<QI<0#1H)<:;BM.8YYEN520
MPWDLF_R-<X,CBEF?A:0'/+(62.:QI<`7N`:"14J<1>3Q^:QQBE\4=T3_`!F3
MM*!]8'MM.LH0.K0Z)BUB!>D.MHUR%*8X(@Z;6O:U]%[6OIM5)<036L\UM<1E
MD\;BUS3N@@T(/WBJZUNK>^MK>\M)FR6LK`]CFFH<UPJ"/N$+(KUZ)J0+71R5
M$(6YM2*5Z]:I,"4F1HD9(U"I4H-'>P2B$Y!8AC%?L!#:]ZEL8Z1[(V-)>X@`
M#=).P`*;)(R*-\LKPV-H)).X`!4D_<`7$T.[8_M+6^LB]*Z,STW(G=H<T)P%
M")Q;'),4L0+T:@N]RSTJQ*<`PL8;WL(`K7MV+U[+')#))#*PME8X@@[""#0@
M_=!V%0PS17$,5Q!('P/:'-<#4.:X5!!ZH(-05D:@4U*(E$2B)1$HB41*(E$2
MB*`93]7LL_91GY0JL=U9[N9O_8G\(63:,]Z<D_MQ^`KSLKFY=4I1%:F$_6=&
M?]9_=]VK+=#>].5_WGD9%A?.%[GYO_=>7C6Z<[^A$R\U9#XH65O#/_U%G7U2
M;R;ES]IOWBR'Z[!Y5JD"'_T2/X*G_(@JXV_]1#\P?@"M=S_W-Q\]WX2M:DN`
M%B=MC<GX95=+K;DM'E=S<;S*<'PJ[^\.2A'.F9LCJE>:R@;%&-GUSC+:I,:[
M'$)1DGB+L<"^C)'9PUSY[?>AQ:Z`P@8(\>%H!C<7`8JB5K97#'0FHK0K#VZ>
M>V*VNM^/'#;H7#CODIBQN<1*UK"<.$PO?`QQCJ&EKJ8@NH/$.3%&.&S%0UD!
M2L\4BCBQ,DL-.?GJ02)6T'HBH4:_MIK6U@9TKLD0`,DVY.+@-Q&,TD&@!HC+
M1#,K!M])F`;,99)`YS.U:UH-<>$U.(@G\E5K<.PG:**$Y/FCLLBRDOMQ#%"6
M-DJ]SWEI&]8VX6X0X`&>CWE^UHV&JECU$,I2![8)BI1X[;7:&3!I?V&-(GE^
M4IGQ"7"<@PMY+D<ZO%4"\DP9&1C5"%,!E5$I36X.D8[K1B2T\5SE\,4UJUT[
MHY8BUSBUH+3CC>W#'C(_^H!QQ@D.W!A&*KGL\UN)[>]<RV;-!,U[&!SR'#>I
MHW8Y=[!&R8EK=Z<&EFZ<9P1UEQ?DV+2\_(+5:#N[^_I,CEO;(XR&1-3&Q*)7
M)HV\1X+&M3Q5X5/"9N;F'<U^NG;;JU@QJ`6*W818)TN86%Q;"RDWUL+#%A<&
MM+G!C7-=B!>`TDNJW:ZC:--:5--!E6:6EX[,8=X?<2";$USWM:PR/8YF$B-Q
M<`&T?4,Q.JX4K08"";.LFBF'7O'2QZ8%#NZ.F$%Q;@ENX;Q`3B[&V"86ZEFB
M-1%J=9<X8K6G)M`+VW%23KZ@KF!!.N\[@N,SBOFQ/$;6SBAI7\K+</'5IL$K
M0?N@TKL5/8:;NK3)9\M?/&9GNM345I^0AM8G=2NTP.+=FXYM:&M/PXX.R&:T
M[W0VBB=[;9AM%O,<D39/IO&'I`AS!DX[(,=-4J&Z+KV)W;""U=R7R,N[4\-*
M]4C1*`G_`.!<L7K,VLA)5^^&)T5LUS3'&]I,,6]NI5X<T[*QRL>Q[0Y[:;:K
MR3(LR,.&/>1.V:\<Q[996.`N)]^94AA:YHK26"2.2-[FL<'=K0[9M*=6C:VU
M(O4D+%Z5O1IUJM,D"@3*E9"<LI2I3H0#-`B(/."(0"K"%8L-[!M>^C36.2.:
MZ21S&D,+B0":D"NP5ZOW^JLOA:]D43)'!T@:`2!0$@;2!U`3U.IN+(5`IB41
M*(E$2B)1$HB41*(E$4*Q[]$V_P"%O?CYSJQZ<_4]M\^7RKUD&J?UW=?,A\C&
MD2_[C/?/0?[JQ6F3_P#<ZA^O?_A`F>?]KIG]GC_V+A(=_P`Z9>>CI\A:J9+\
M?.OKTGT8TS[^KR#]GQ_3D0'K%4>9:+QXOH/>63ZBWRKD=[JQ?M!_D6(Z?3V(
M>;\U^51"EW[P9-]7N?I6Z6?NUGOUJT^C<J*YT]6SQ\*:/&:6K3K[W9O?GQ_3
M:KUS<>]EC\R7R;EH97/RZ52B)1$HB41*(OH#_IOX"Z.<8'93?TERI;E(A,I;
M0G!M8UL@A-['LY0+7#KEF2`^]UQE["N$PC>O8L(%]/T"_P"-^@?9S3#]4YA#
M3-LU:TLKNLM1MC'W#*?RIVT+=ZV`M*^6_P#RWYS_`&LUE'HK*YZY'DKG-DH=
MDEX=DI/4(@;^1;LJU^_;2'"GI%72*Y'2B)1%H%_5+;'%X_I^[4+:U(5;DO58
M_)LG1H699(5)VYR5@.-N6Q(`&+78)1)8AC3EAN(P`;VM^&A7K=T*E]F?(.*7
MG&>U"H8,MX?E1+-B]0Y/CU%?Z?V0\(M$1926";#6.,M@SXX*EN=6L82]UX#0
M&DJ!%)3D]M82X%P>+T]38O_3]4-JG^9'-_\`$R6>-E%?*OG5_B3KC]IS_3*^
MV',I_"/FX_8]MY)JO;!?JV9_A3OXS55L+0/NS9?/D^FY:ZYQ_>R^^9%Y-JM^
MLR6"I1$HB41*(E$2B*B]H7Z!$^<#=\F<*P+G']WV?6&?@>MC\UOO+)]5?])B
MTAK1*Z(5_;.7TW=?-5=XW8ZV'S:?KV[^J.\I$M8\Z_N[9?76>2F6ZE;P7/R4
M1*(E$2B)1$HB41:)[5,2$ZSR&2-/&\_19Y:8>_(8YM`;."E0_P`JC[BH>6I:
M?CB;XQ(;'9/*87(=XD+2CER)>A+4I1@%=$,03C<NT]<[W9W4#I[.2)TK2ZWN
M0&L<`TC?8Y:@L>VI:0US7$$'MAL&!:LL]]O[*Y;:YA%.R%X9=V9+Y&$N:3#+
M`&N$D3Z!P+VO:"TCM"<1U.DC)G\AVP%CB1E*XZ^;9N/H]CS*[;&#4T:Y@"PK
M-4\WE$Q1QMH7JVF(/LZP/('1L=`M1HTJ)]`E*L,P-B1UD4$N3F/.+Z`A\.5S
M.DA+ZNWS?V&-C"X@%[8[AK'LQBKH\1H-H6(W,&H6S:?RRY:Z*?.[=D-PV.C-
MZ\VE$LD@8TEL;Y;5[V/WLEK9<`J>U*S).#9PJRUER/$8VFDH:Y\7M%)WZ2S=
MIE4->6-ODB21.D)*3Y1C^2AXVS;#'B0#;D<?9E;,2ZQAN,!<T9`DA@!2CFUH
MW+LMF-]%')#YL6M86/:XM+1)6)T6^P/:W$Z1X>62N!H#B"G#(;Y^;YQ;-RR>
M6*X\\#WRMDC<T/#W14G9/O-S&Y^!L4;HQ)`PBI;@(-</.'<RE0#&K$V8YR:R
MMC9LOP.'XO:&^$2"23#&6T.W2";%Y'>FMS0YIAK-BV2O+H>T.*.4/!;@S#;$
MP20W**`8D75T69Y6;R^FDOH'R.OY'RDR-:R6V+8]Z:08'NE:T8VNB9A?B-=I
M(<RVS9-G0R_*[>++;ID3<JBC@:(GOD@O&OEWYS7"YC;`]SC&]L\@?'@`&P`L
MDNU3LU3A]DX9++H]+WR2+MMC_P`AD!+\_-A3ML\K<8%MD@161M[VF3I<62&2
M6$)8T@"%(J.%H.),#V*M3<]M(;?>+::)D`RKM6X6FER):M-2TDRM;\5^Z!N$
M*^.TQ?3W7G-Y;327+L\[=X>]N*S,&%XH'`"![_C1CM7'XP(5$/6#,PLT*C!"
M['^3I*X0MPVB8[C>!NT<E4TAQK(/-<E?<7-;3)X)DV#Y$P?+5,7.1%M,Q&I-
M0(VH!)`Q%A36+O=XLVRR6ZN"R\MXV2MMG2R!S&/Q;PULI+)(I(YV!^(OAH'.
M?4BN*JL$^0YU!8VK9,NNI9('7C(8G,DECP^<O=`UKXIXIK60L+1'<%Q8V,-:
M2`VB]Q6D:TQK;3')(%`XC;T8UZ$"P3B!$M$G+NJ2`<!A`-<%.?<0+'7M:YMK
M:U[6TUJ>0-$D@8ZK,1H:4J*[#3J5^#J+>T)>8HC*S#)A%16M#3:*]6AV5ZNZ
MLA4"F)1$HB41*(E$2B*`93]7LL_91GY0JL=U9[N9O_8G\(63:,]Z<D_MQ^`K
MSLKFY=4I1%:F$_6=&?\`6?W?=JRW0WO3E?\`>>1D6%\X7N?F_P#=>7C6Z<[^
MA$R\U9#XH65O#/\`]19U]4F\FY<_:;]XLA^NP>5:I`A_]$C^"I_R(*N-O_40
M_,'X`K7<_P#<W'SW?A*[=35)2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB410
MK'OT3;_A;WX^<ZL>G/U/;?/E\J]9!JG]=W7S(?(QI$O^XSWST'^ZL5ID_P#W
M.H?KW_X0)GG_`&NF?V>/_8N$AW_.F7GHZ?(6JF2_'SKZ])]&-,^_J\@_9\?T
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M*G3D)""$J4@E,F3$EITR9.6`DA.02`)9)!!)80EE$E%AL$(0VL$(;6M:VBOJ
M''''%&R*)@;$T```4``V``#8`!L`&XOC++++/+)--(Y\SW%SG.)+G.)J22=I
M).TD[25S5&I:41*(E$2B+__4]4-JG^9'-_\`$R6>-E%?*OG5_B3KC]IS_3*^
MV',I_"/FX_8]MY)JO;!?JV9_A3OXS55L+0/NS9?/D^FY:ZYQ_>R^^9%Y-JM^
MLR6"I1$HB41*(E$2B*B]H7Z!$^<#=\F<*P+G']WV?6&?@>MC\UOO+)]5?])B
MTAK1*Z(5_;.7TW=?-5=XW8ZV'S:?KV[^J.\I$M8\Z_N[9?76>2F6ZE;P7/R4
M1*(E$2B)1$HB41*(HL&#PL$O-R$"(1<$^/9`1HZ<!C[2&7G1PM3=:7'S9+9)
M9Z,9"UE]V"DN?<BQOXU@ZW9JH\[NC;"R-S)YF'XM[Q'!BI3%AKAQ4V5I6BI!
M86(O#F(LXN,"S`9<#=\+*UP8Z8L-=N&M*[:*4U3JK2B)1$HB41*(E$2B)1$H
MB41*(H!E/U>RS]E&?E"JQW5GNYF_]B?PA9-HSWIR3^W'X"O.RN;EU2E$5J83
M]9T9_P!9_=]VK+=#>].5_P!YY&187SA>Y^;_`-UY>-;ISOZ$3+S5D/BA96\,
M_P#U%G7U2;R;ES]IOWBR'Z[!Y5JD"'_T2/X*G_(@JXV_]1#\P?@"M=S_`-S<
M?/=^$K3:*9XG:^+9Q;72[29D-CRS,(;B3<F\0$"YADN7ICB'$ZY[2$F#,/"Q
MRR).!3N,O3?@YL$K'J[H*P<NN,HM&7&4OCQ>9/MF/FV[0YL+)I@T_P#R8]I9
M7^D["-Q8%:9_?R6F>Q2X.,8[R2.WV;"Q]Q);VY<.KADC>)*?T&8SNFDSQ;M!
ME2+"C=/Y&WK5#PRH,.-,MNA(1IR7*39*Q[B68F+V=/OFP"&LD>5$X1`'<`P7
M(-L$(K6!<5+F&3&#-7V<#P(GNF+*U-&Q23,HXTW?R1ZX^ZJW*M1"YR./,;F-
MQFC;;MDH``Y\T-O)5HKL:-_&[3<-.I6%AV@YHE-DI+JWI>`VALV@G8R1-:9(
M8\)!8UVB7[&$<0)FI:N(0*P`C2-/NXC`VN<H%NFN'0((JHY-:N$!C>=]<ZW&
M$DX3OMLV5Q)`J.V)I3<&RBH1J*]:;ILT8WAC;MV-H&(;S>/@8`TD`]H!6NZ=
MM=T*Z)ED,#@_Q&!0&5L=GI^FBN.2UT;#VE_<H2VL\9E4B<2^#1&JT:*3N*J,
M[P2@<"1E$:YYXB3[IKD&6NULL$-S>7EN_>F1!S`:M$A<YC1MV$L`=B.$U.P5
M&*HOE[F.^7%GE^7W<>_R3EDCFEKW1-:R1YV;0'N+,#<8(%7.+78<)["I\EV/
M#>#WIRZ1!RR2,L=QB0<!G8I2L=U;.[.LA0RE6@;VB-69V!L8%;M=8C265V;2
M3R@I%*DDFROQL5M>C'$S>!&QSI?C.8&AP#2P$N=B<7!F%QIB(.)K2<,3Y[S+
MCO<\OG)FE:R`'"QY<6N<\/(#686-8Z3$UN+`'`,<YK<?/%\NM\@F"?'ZMD<&
M>7DHIT<_-YBI`O1LBV!GXONI2W7I3M*TB0-&6VAS;3;%%C&A.TJ"DQ^L0&&X
MRU\-LZ];*'6Q,>$T(+A)OM#0[F%T+VN%3VP[4N&U16N<1W%ZW+GP.9>!LI>*
M@AIB,%14':'MN(WL-`<![8-=VHKV.;3**51X<T:X*_%0UO68G1O;LXN3.G6I
MS,NQ3',L:."6E,>M&ZWC:')J"[O8TU'J`L.Z.ZTRVXU6SY"^WG%K)=L-TX3%
MH`=0[R^5AJ32F(Q.P4#NIBP#:K;;:HCN[8WT5A(+)KK<.<7-!'G$<,C<+03B
MP"=F^5+:"N#?#L2%YXE;^OC\;78Y4*Y/))/M%DD"9W9I2,#-$,$Y@18W&XO*
MQS<C%9CNX$OR$L!*4H_?2TLXS52IA:Q*ZRBWA9-.R^`MXX[;XP)<Y]Q"9:-`
M%,(PNVDBC:#MG;JQS^[N)+>UDRTFZEEO`,+FAC8[6X$-7%SJXB'M`#0<3@XT
M8W<LV%9989ZKCB5A0NE[ON.F[(Z_?1:8DV*(GM>%M8F*2)PJ3#4<A<UR%V)W
M`&Z6(.8UA9H@#""PZ"ZRZ:S;.Z9[>TG,0I7MRT5<YIIM:`6&NRHD:17;2Z6.
M;V^8/MF6['_E+83&M!O8<<+&O%=CW$2"FVAB>#0@5JH>?4H,_%P>\HB88I=[
MZ)11\2]KYV"R@9$ND<N06M9>)4&*`92^`MR$2$P3V98-KWM:UJN(R=W$YN_-
MY/.,&_8J'!O6/>L.Y3'B_*5K3`%:3J!@U"+'SN'S3?/-\%6[YO\`O>_8]VN]
MX?R5*5WTT4W!FHLMI<YLOB;FFQ8B:IR\E3I.N0N-[-D!+7*%SNZ,:;_%0,<D
M1-:A0RJ23U8E)(`64EHS3B2QTG%9,D=HRX:<P+HV[V01MDH``X[KFD@/!`H:
MX2X`D5PSP"&6^DM'#*6LE=OH(/:Q5)<YHW&O#7&-P+L0`Q!A<`>TJRE(&9.8
M7),;NS2\N*V(MT0;"'YC<4TA<9DJ<$Y+,H=P&ID;8]Q`AL-62`HNRQ.F0AW5
M`>YBO8N\+<OAE(,%\UT30\O.%P+0P`X@-I+7U#8R<)+MCQ'NJ-^:W$#2+G+'
MLF<Z,1M#VD/,A(#2[8&NC#2Z4#$&MVQNE.Q<\7R\B?IK;'*YB6L\Q1))H8_)
M0K$+FU-:N%%8F6J"$[FG&4:X)GMGS(T+D)ETY!N]Q#"I)3GAN3;RXRU\-KY\
MR4.MB6830@D/WX"H.X6NA>UPJ16F$N&U16N<,N+[BV2!S+UHEQBH<UIB\W)`
M<-T.;<QN::`TKB:UW:JOVG:91/T;535K@K]S098UC66R5T7N3.E5HV?)D:9I
M0C`RMB<]<8].<9;7LHUT).,0EV*M?>9JL[0159)D+X9VVLEVSSE\DK&@!Q!=
M$YS#B)IA#BTAA&(U^,&C:K=#JB.XMG7T5A)YFR*"1[BYH(;.QKQA:"<3F-<"
M\$M%/B%Y[5=%!M&N:1B1J)1&V)O?7O)F<H;'"%DK;8JPO*'%&1GZ(M;2C?'H
MU8C.R+)4*`L"%K$,D+D>E6*+#2)2A;G&_)(W3.;;SO,+(('NHPO<TS1M>26M
MH=[:3VS]N$%K:.<=L$>I966['75M&V=]U=1LK(V-CA;S/C:T.=4;\\`!L>S&
M6O=5C`:;2HU._$:57N"E+OI,0IWJL*W!8FW<H)NX*B=86XJ2=;5&'3?5%:]M
M-8^YN%SFU!H:5&X?O?<65,=C8Q^$BH!H=A%>H1U".JNS4*C4*Q[]$V_X6]^/
MG.K'IS]3VWSY?*O60:I_7=U\R'R,:1+_`+C/?/0?[JQ6F3_]SJ'Z]_\`A`F>
M?]KIG]GC_P!BX2'?\Z9>>CI\A:J9+\?.OKTGT8TS[^KR#]GQ_3D0'K%4>9:+
MQXOH/>63ZBWRKD=[JQ?M!_D6(Z?3V(>;\U^51"EW[P9-]7N?I6Z6?NUGOUJT
M^C<J*YT]6SQ\*:/&:6K3K[W9O?GQ_3:KUS<>]EC\R7R;EH97/RZ52B)1$HB4
M1?29L(X"OA+#2)>]HM[SO(F]9-)K&EA"J;4(R1<W8\,5OQP\'-YUSC@"M81:
MQ4<"^FP0U])N8C0'L3HR"XOH,.?9CAFFJ.V8VGY&'_\`PPXG`[1(]XZ@7R)_
MY+\Z`YQ><"XM<NN,>F<IQ6]O0]K(\'\O..I^4>,#2-CHHXW#:2MV:W:N=4HB
M41*(O-W^K.S\X=A^8,'`49E/#F<=BUGYL30O=8=(^$]M?9Y1<!2PK@UYW2,N
M^[;W7AWFKUDI@[;B;_<%X5$W=6LNSQAA1CG:PVL<&KMG?92Q65DG8C@#W']G
MO"I0R=E7*1*B<9HADC><S,*C&L7UW]U4N"!B<!IHDL+'&S!!.-7C$6E3D)V`
MUZJ__]7U0VJ?YD<W_P`3)9XV45\J^=7^).N/VG/],K[8<RG\(^;C]CVWDFJ]
ML%^K9G^%._C-56PM`^[-E\^3Z;EKKG'][+[YD7DVJWZS)8*E$2B)1$HB41*(
MJ+VA?H$3YP-WR9PK`N<?W?9]89^!ZV/S6^\LGU5_TF+2&M$KHA77@=N/<Y>X
MD$.[HRC!&UAUU33=OLI,"%S9P73CX2;W$C<!7,L*^@%AZP+:!6MIM?.=`6S[
MK.;F..\E@(MG'%'@Q'MXQ0XV/%-M=RM0-N[77O.3=QV>1VDLEC#<--VT89<>
M$?DY3B&]OC-12FTD4)V5H1MES2<?+V:=O%?JK6WN)[GE#??X'`+27'EKR9R_
MK7'^H3FDX^7LT[>*_56G$]SRAOO\#@$X\M>3.7]:X_U"<TG'R]FG;Q7ZJTXG
MN>4-]_@<`G'EKR9R_K7'^H3FDX^7LT[>*_56G$]SRAOO\#@$X\M>3.7]:X_U
M"<TG'R]FG;Q7ZJTXGN>4-]_@<`G'EKR9R_K7'^H3FDX^7LT[>*_56G$]SRAO
MO\#@$X\M>3.7]:X_U"<TG'R]FG;Q7ZJTXGN>4-]_@<`G'EKR9R_K7'^H3FDX
M^7LT[>*_56G$]SRAOO\``X!./+7DSE_6N/\`4)S2<?+V:=O%?JK3B>YY0WW^
M!P"<>6O)G+^M<?ZA.:3CY>S3MXK]5:<3W/*&^_P.`3CRUY,Y?UKC_4)S2<?+
MV:=O%?JK3B>YY0WW^!P"<>6O)G+^M<?ZA.:3CY>S3MXK]5:<3W/*&^_P.`3C
MRUY,Y?UKC_4)S2<?+V:=O%?JK3B>YY0WW^!P"<>6O)G+^M<?ZA.:3CY>S3MX
MK]5:<3W/*&^_P.`3CRUY,Y?UKC_4)S2<?+V:=O%?JK3B>YY0WW^!P"<>6O)G
M+^M<?ZA.:3CY>S3MXK]5:<3W/*&^_P`#@$X\M>3.7]:X_P!0G-)Q\O9IV\5^
MJM.)[GE#??X'`)QY:\F<OZUQ_J$YI./E[-.WBOU5IQ/<\H;[_`X!./+7DSE_
M6N/]0G-)Q\O9IV\5^JM.)[GE#??X'`)QY:\F<OZUQ_J$YI./E[-.WBOU5IQ/
M<\H;[_`X!./+7DSE_6N/]0G-)Q\O9IV\5^JM.)[GE#??X'`)QY:\F<OZUQ_J
M$YI./E[-.WBOU5IQ/<\H;[_`X!./+7DSE_6N/]0H5D:-+DD'DJDR92M>`EM,
M&)&M%';I5%K&%VW,_>L=2J-2^G_]#`7_`/S5CU-E<\.0YI*[.KN1K8CVKMYP
MG:-APPM-/O$+(=*9O;SZBRB%F0643G3`8F"?$W8=HQ3N;7[[2/N+1>M"+HY*
M(K4PGZSHS_K/[ONU9;H;WIRO^\\C(L+YPO<_-_[KR\:W3G?T(F7FK(?%"RMX
M9_\`J+.OJDWDW+G[3?O%D/UV#RK5($/_`*)'\%3_`)$%7&W_`*B'Y@_`%:[G
M_N;CY[OPE5&BP/`T,IB$O*`[#>(4_P"4I*T[HN+WJH=,M2)]DS\-V3E)2K.1
M;,XR9?9I".^E`6K-U;B&8,=[R[-[Q]O<VQ+=ZE9$T[-H$+6M;0UV8@UN/Y1`
M^`!8\S(,OCN[.\`?OT$D[V[=A=</>]^(4[;"7OWNOQ`X[I)*C"/9FB+9'DT0
M9Y9/FB)!OC8YSCR)?&;IG]?BQGAK!&W%T<E<452`E0I9\?LY"XM$L2)5($>C
M<@[J?NM0[/KF29US+;0NN?RM'$.JT2N>YP`#PW8Z1Y:7-)&+=V"E*S2]G%;-
MLH;NX99_D<3`64>8&QL87.,9?4MAC#@US6N#=P5=7)N&SO#'#?9=W>5)$CDD
MR>B=D"58S73NA&5L@G9,?K*#53$J6IQ-DH4#$@NF.(U"!;F?N]K6O:6S.KIF
M$[W&7-,1!(=4;S'O3:4<`:L';5!V[1139--V4F,;],&.$X<`6T<)YC.ZM6$C
M#(3@PD4&QV)69,8:AF*9H"<X.C(ZQQ[)D4;D3&)O"[L#R6WN3,<L0@=VYX9S
M]_,+TN0'EJDB@H:58;;5L/5&&@MKI]JZ2C&OC>S"YKJX7-J'4.$M=L<UK@00
M:M'4V*Z7ME'>MAQ2/9+&\/8]M,3'4<TD8@YIJQSF$.:06N.RM"(2;A-@4*5C
MXKD,M5SE4\QU[*R*:J8P2MM/BJ)W:V1"UE)X^1%43(F:9*[)AH0METIX'E>,
MT`S51IEZL9K,UK8FPQBT#7-WNCL!QD%Q-78RXEK#BQ5&!@!`:`J$Y';N<^=]
MS,;\O8[?JMWQIC#FM#:,$8:&OD!;@PG?)"02\E<(,(-25S32-KF<X:)@`4TN
MXS%*=$E;T^@G9T/,>B71,\Q%UCX"TY./V4A'O1"E$E3-I10+V!<VQGIS61T;
MH)+6)UMVE&'&&MWO'AH6O#O_`+'EU7&I<2=M*0C(HFRMN8KV=E[^5K(-[+G;
MZ8\0<'1N9LWF(-PM;A:P`;*UZ\7V?()$8`JQNUJ)&;'UBC'BD\YP="5;L(W&
M42QQ#(Z*ZZZ$%AW-:,7-HE5Q`$(X\1X[7#8P(0>W&<W=S>-OI&LWX"0;!0?E
M7RO=LK\J5U/@%!U-L-KIVPL\N?ED3I3;N,))+JN_(1PQ,VT^3`S%LVG$=E=F
M=B>(8_$7\J1I'60.*U(LS`J;B70]I$D;B,W3UAR1,&Y.!N9VXXY&GD\?+&A$
MH,/4$DG&EC--MN>YRKG,IKF$P.C8UA$(-*U.\1NB835QVECNVI0$@$`;:S[3
M)K>SN!<LED<\.N",1;0"ZE9-(!1H)`>P%M22`2"3LIC,-XP48^#/GAV`WE2'
M(D\?Y>N0M;HN?&N/-Z]:>>WQMF>'1K97!0UV6*5CL84)*040Z/"T)(=RN$0H
M\SOVWOF<49=O,$+6`D!I<0-KG-!<`:!K*U)+&,KM4O)<K=EW&$TP:+BYN'R$
M-<7-8"20QKG-:2VI=(1A`#Y'X12BSU\51L4%YA"4/%V_AZTLX6NK3W?N=P9S
M;)(9/OJZ/>7"H9Q:SA;_`"^][&_B[EN?XE2N,)_._/,+<>#!2APX-[WK!2M:
M;WVN[6G5KM4_BFV-AQ>7/WO?-\Q5&/?-]W['6E,6^]ON4KU*;%'^@N,FHE;`
MX/\`,G.#J4\W2EX_4/"-)&$9$_)>$KX06<T-39)UB-.@D*Y.A3+'%2E0%*+;
M@6`:=*,B=QM.'MF9#$V[!C.^`$O.]X2WXQ+026M+B&@N(VD@N!I^(;4L?;R7
M$SK$B4;T7`,`EQ!P[5K7D`/<&M<]S6`]J`6L+><[#:5>2:-[GV1'YX+O$C66
M1.#G'B'*,K(:M6.#8Y,B%GC#7&^$5REP/"XFJT"H3DF,NE4[HEL$BT(S-S"-
MZLX&1=OB:`ZC@\`$.+GEU``,(#AA(Q-H[:HG9*R1I,^87,DWY/"\N8',,9):
MYH:QK*DDXRYCL;3@=5G:KJ@P<UIGFTJ;9M.FN:G&RP;K,4QL04N[T7,4\$1.
M29<A=8<XQE,0E;\9,*=+O)O2#)*;@_C"$:H$=$<VD=%YN^UA=:C!1AQ@-P&0
M@@AX<:F60G$XU+ON-I`,BB;/YW%?7#+XF3%(-[+G;X(@X$.C+``((@W"QI`8
M-NUU>*/[/D$C<`=<;H%$C-C[Q%H9$%ARUT)5.PFN"1)EAC*8%<)"&UUYK0PD
M"4&C`/=3[C':P;"U;>S9S=SWD=\]K-^;(]XH*"LCW/=LKN5<:#J"@7EOIVPM
MLOERR-TIMWQ11DEU788HVQMVTW<+!4D;34KG%A%N"W.;0BF\Z;VQT?\`(;ZH
M;"S(>XM`@90D2B62IF4L;[#G=C=FT4B5FJ4AJ],K<$5CC2250$YII(_.-7E\
M<C[2%TC61M![<'\DT,8X.:\.!P@`AI#74!+<0!$7$<8BEACOKAL3Y)GEOY,M
M_+O,DC2U\;FN;C)<TO:Y[:EK7!I+3:<=86^+1]BC#0$\#3'&9L86P"E2>M4@
M;VA$0WH@J%BD9BE6>%,G#89I@A#,%I$*][WO>K?/,^XFFGDIOCW%QH*"I-30
M#8-IW`KK;6\=I;P6L(.\QL:QM22:-``J3M)H-T[2LS4I3U"L>_1-O^%O?CYS
MJQZ<_4]M\^7RKUD&J?UW=?,A\C&D2_[C/?/0?[JQ6F3_`/<ZA^O?_A`F>?\`
M:Z9_9X_]BX2'?\Z9>>CI\A:J9+\?.OKTGT8TS[^KR#]GQ_3D0'K%4>9:+QXO
MH/>63ZBWRKD=[JQ?M!_D6(Z?3V(>;\U^51"EW[P9-]7N?I6Z6?NUGOUJT^C<
MJ*YT]6SQ\*:/&:6K3K[W9O?GQ_3:KUS<>]EC\R7R;EH97/RZ52B)1$HBW=V#
M<!6S7F1(Z/:'?,$QN)%)I'8XJQB)R<@J!"C<=/".PBS0.:U,,XXL0;@,2)#@
M"T:]M.[^8;0'MMK*&ZOH,60Y;AFFJ*M>^OY&$]0A[FES@008XWM.Z%SE_P`F
MN=#H[YOY[++KG!J;-\=O;T-'QQX?\Q.*;08V.#&.!!;++&X?%*^DBOI(OD8E
M$2B)1$HBZZI(E6D[W6IDZLC=4Y^X*B2U!.[)3RE24[<S0C!NJ942`PL6C2`P
M`16T7M:]$7\NB1W6`<;I$UW`M,8B`ON05=8!&::6>:D`JU-W"F,/)`,1=A:E
MQ@M>]M-K41?_UO5#:I_F1S?_`!,EGC917RKYU?XDZX_:<_TROMAS*?PCYN/V
M/;>2:KVP7ZMF?X4[^,U5;"T#[LV7SY/IN6NN<?WLOOF1>3:K?K,E@J41*(E$
M2B)1$HBHO:%^@1/G`W?)G"L"YQ_=]GUAGX'K8_-;[RR?57_28M(:T2NB%?VS
ME]-W7S57>-V.MA\VGZ]N_JCO*1+6/.O[NV7UUGDIENI6\%S\E$2B)1$HB411
M:8SB%X[8%4JR!+XO!8NA,2DK9),9`TQA@1G+5!:1&4J>'M6A;DYBM4:`HH(S
M+7,,%8(=-[VM51:VEU>S-M[.VDFN#6C6-+W&FTT:T$[!M.Q4E[?V.6V[[O,;
MR*WM6D`OD>UC`2:"KG$`5.P;=IV+&0+*6,LJ(%CKC#(T$R0UMRH*%P<H%+H_
M,$"!:(JQP4:Q9'G!Q3I50B16'8L8@CN&^G1HJ9>9??Y>]L=_9302.%0)&.82
M/A`<`2/NJ5E^:Y7FT;Y<JS*WN8FFA=%(R0`[M"6$@&G4*GE4:N"Q"1_8E[L[
ML"%Z:5K['RVTY^94CBC4.S(2\EJ#F<UW;B3AK&TMU)2&C3".`"QX2AW!K6#?
M1,=#,R..9\3A"^N%Q!`=AIBH=PTJ*TW*BJDLN+>2::WCG8ZXC#2]H<"YH=4M
MQ-K5N*APU`K0TW%EZEJ<E$2B*-CF,0*#+!F2J-E@@7TY$-\;`!A?Z#22?_RP
M0E5K1S_QIP(<?\YN/^1/+/\`^4,([SQ:W)\V`MW_`);^K[4]OVQ9VFSMNV!;
MVM>V!&Z**E-[9CSLF[B`M_ZWMF_DNU#_`,IM[3M"']M3M2';A!6;1K$;BC2N
M#>J3+T"],0L0KD9Y2I&L1JB@GIE2520(9*A,H)&$99@!7",-[7M>]KU*<US'
M.8]I#P:$'801N@CJ$*H8]DC&21O#HW`$$&H(.T$$;""-PK#-$NB<@`E,89/'
MGL"X^0)D(VAZ;7("Q3$G<<?E2=*)&I.LH/C+\6)$X`!I$B5AN2=8!EKAJ;);
M7$)<)K=["`TFK2*!XQ,)J-F)O;-^4-HJ%(AO+2X##;W4<@<7@87-=4QNP2`4
M)J6/[5_R7=JZAV*15(52E$2B)1$HB410#*?J]EG[*,_*%5CNK/=S-_[$_A"R
M;1GO3DG]N/P%>=E<W+JE*(K4PGZSHS_K/[ONU9;H;WIRO^\\C(L+YPO<_-_[
MKR\:WO=&Y.[MCBTJ[F62NB!6W*;E"L`VR=:G,3'7*&(([!,L6;?5O>U[6O\`
MV7K?UW;1WEK<V<U=ZEC<QU-AHX%II]VAV+FVSNI;&\M;V$#?H9&O;7:,3'!P
MJ-FRHV[5%P0LPL`0`F$T"``0@"&SHAT!"&UK!M;]%?@M:U6H9&YH#1G-\`!X
M1O>*\.U`USBYV0Y>7$U/Y-_"*/Q)B7O<<:G59,9A94L(&8=8ER1`*U@GFEVU
M`";1W#;5!;^V]6[)["XOLMM+N?.KW?7M)-'M`W2-G:'X%=,\S*UR[-;VRM\A
ML-YC=05C>3N`[3O@^'X%(N9QWEE-.-$/)57+B5_KJ^\8W@U:N/H_4&7^+?PB
M<SCO+*:<:(>2J<2O]=7WC&\&G'T?J#+_`!;^$3F<=Y933C1#R53B5_KJ^\8W
M@TX^C]09?XM_")S..\LIIQHAY*IQ*_UU?>,;P:<?1^H,O\6_A$YG'>64TXT0
M\E4XE?ZZOO&-X-./H_4&7^+?PB<SCO+*:<:(>2J<2O\`75]XQO!IQ]'Z@R_Q
M;^$3F<=Y933C1#R53B5_KJ^\8W@TX^C]09?XM_")S..\LIIQHAY*IQ*_UU?>
M,;P:<?1^H,O\6_A$YG'>64TXT0\E4XE?ZZOO&-X-./H_4&7^+?PB<SCO+*:<
M:(>2J<2O]=7WC&\&G'T?J#+_`!;^$3F<=Y933C1#R53B5_KJ^\8W@TX^C]09
M?XM_")S..\LIIQHAY*IQ*_UU?>,;P:<?1^H,O\6_A$YG'>64TXT0\E4XE?ZZ
MOO&-X-./H_4&7^+?PB<SCO+*:<:(>2J<2O\`75]XQO!IQ]'Z@R_Q;^$3F<=Y
M933C1#R53B5_KJ^\8W@TX^C]09?XM_")S..\LIIQHAY*IQ*_UU?>,;P:<?1^
MH,O\6_A%GV1G3,+6F:4AB@Y.EW>X359@35)@E"DY4:,TP!901"$<>*_8#;L5
M<;&RBR^UBM(7.,;*[7&I-27&I`'5)ZBMF8W\V9WDU[.QC97TV-%&C"T-``)/
M4`ZJP$2_[C/?/0?[JQ6K=D__`'.H?KW_`.$"N>>?]KIG]GC_`-BX2'?\Z9>>
MCI\A:J9+\?.OKTGT8TS[^KR#]GQ_3D0'K%4>9:+QXOH/>63ZBWRKD=[JQ?M!
M_D6(Z?3V(>;\U^51"EW[P9-]7N?I6Z6?NUGOUJT^C<J*YT]6SQ\*:/&:6K3K
M[W9O?GQ_3:KUS<>]EC\R7R;EH97/RZ52B)1%SI4JE:I3HD9!JI6K/)2I4R<L
M1IZA2H,"40024"PAF&G&CL$(;6O>][Z+5'%%)/+'##&7S/<&M:!4DDT``&TD
MG8!U2I4TT5O#+<7$K601M+G.<0&M:T5+B3L``!))V`+ZA]DS!:?`.&H]%%!)
M/.QT`&1SA86$&N=)'(DH1R#=@7%NR5A3!+1%"M?5'8FYM@AN8*U?43FET+'H
M#1F793(QO&THWZY<*;9G@597JMB;2-IW#A+J`N*^,G/ESE2\Z'.!FN=Q2.XC
MA.\6;23001D@/IU'3.Q3.&Z,8820P%;+ULQ:?2B)1$HB41:O;:!4H5;,66&Z
M$9<8,%S%[:6>.Q;)TH?GB*L3&_R.4L3$TMJZ5QPPN213G@M<0,I3HVWX1;CG
M$"E+:Z@HNUR]&[N+1/9@7S5*IVMMG^18CSCC7-=\%-<I9MFC).UO+LN8>D:-
MV+R?#VF?X(VI1.C_`)<QRTY7D"(+>^!-);5T?5(B')*W@7&K#3_%Z>H>HO_7
M]4-JG^9'-_\`$R6>-E%?*OG5_B3KC]IS_3*^V',I_"/FX_8]MY)JO;!?JV9_
MA3OXS55L+0/NS9?/D^FY:ZYQ_>R^^9%Y-JM^LR6"I1$HB41*(E$2B*B]H7Z!
M$^<#=\F<*P+G']WV?6&?@>MC\UOO+)]5?])BTAK1*Z(5_;.7TW=?-5=XW8ZV
M'S:?KV[^J.\I$M8\Z_N[9?76>2F6ZE;P7/R41*(E$2B)1%ISMQI'E1AR,J6*
M[T0L9<_;.$D/=6"+.,U<8ZVQW-D)>724ABS4C7KGI/&D"(Q::0`D>Z%D7#>V
MB]9/I-T3<SN&S82U]G<MHYX8'%T#VAF,D!I<3A!KL)6%Z[9,[);5\&,/CS&S
M>7,C=*6-9<Q.=)@:"7!@!<10U`6FQ[_E)EFN4\K1E]R7/(ROE.Q0YSS*Y&&9
MMB9V(BL&S@N09&@".'GM#<XS:.M>-'U4YNJI`@/&4E7G$J33"@%EI\F$.7RV
MN7Y=/#!#<".^$<._QS#')`#%(7U(C<96AK`YPJ6@M`))=A;KC-8;[-<VM;BZ
MN+5TV6.EN!;2V[A'%=$31",M!E8V%SGR.8PD->YKB0`&\V0IIDN:$Y`E1$ZR
MO&\?E;54K011&\@VB,81V2P/H"Q%9B*#/L4-Y638%&0SB[PK95(6U?'W1Q.-
M`H).&,D`_+*UL+4V=N;2W?><7L+RWS:5S9/.)L7Y.8[U([>\`>,39&-`+2`"
M1[F-]FE\W,;MM_=Q9>,VD$8=YY`Q\7FEO@_*VXW^)F^[XZ)V!\,CR0YKB6@]
MEC=L]3A\AY*TG:#@S!*I;L;(G](N='U'+4L47XRRX;D=&]RYB9(T<4)P<$C=
M9Y6E)FI:0H-)&86@6Z@2H98\GM(;DL-E+-''>EI`:6%XEAWHM8YSMP%V!I+V
MD`@%[:UC@FU!?W%DU[<Q@MYILN#P7/$@C,%QOP=(QK*5(9OC@V-P):2(WT`Q
M4G=<TQLMMB$ID69D&&8]D_:L9$LN4R[/B67!,C\LB(L'(9#D?'K3(\GOS+>-
M.;YP*-P4*4;XJ2DD+#50@IB%,VWCRN<ON;>"U=FC[>T<6!EN6=LQ^_EL4A;$
MUV(1X\(#HP26AO;%LJZESRV$5G=W-ZW)([J_:)#)=B3M)(_-0^:%KYWMP.EW
MHO<YLKFM:\N(:UW\#),_,<]PL^3N29CFLN<HML[C50!M'F'#KN):X*D#;,W5
MOB+$UR_`4\LK"K&MF35*4[6O8KE*`E."(FR4=-XR>6SS2*T@M8K9LES20[S,
M*`$L!>XLN(Z4PPOB+VR5%6/.((+G4,&89)/?W-[/>.BLZQ-\XMW5)#97"-K9
M+26M<5S'.(W14<!(QN`JVME9\R(@SV^1>2/>5LA@6MF2S9%)WZ09A;FR-K&J
M8M8V%'/L29-9G#'T'?EB)<).R*((^EM[DB(..NW#3ZJHNVZABLGY/%<016\)
M#HL+6MA)<"PXC'-$X22-!%9!<1XFN(&/%VIN^DY\RCU!/:W,]W<AS)\;WON`
MUA;(W`);>=IAB>0:1&UE#'M#CO1;1XXLK24..GK;YA3]&I^LDNT.VH5^%4,8
MQY-I:ER`H<MF:'8G+96MZCK$XL2![2S.)*"E)*]2D"E3&$J31A3CN8'W+H//
M8M'W4,\(@LG$3E\C&&,"Z?-B+7.#BTL>""T&I!:-NQ0YM<\6S\X-C<6MPZYS
M)H-L&0RR"8NLH[?"US&.8'"2,AP>YN$$.)#341A9%,WQU/DQZ*D&:2)%B+->
MQ/#\;QZ/2::E0$<,<(KLQQ[,Y:6'-9I,9GD76</R$3@:N3+TS>>F.4$W2G`4
MC'4-N,IG-A$8;4PW-K?/E<YK-\QA]TZ"KSVT;QACPAI:7`@'$"T"E?:9[;-S
M2<7%\+FSOLLCA8Q\N];V8[)ER!&VC)6''-C+@\,(+FX"'$_W&\9ERG-^RCD'
M(=LQ%J2'3;ZAQZS5R#9B0*3-IA(OQ0VR1$V)AM3,TRJ$)%`B3W`)")U0M:+7
M,,"E2ZJ^GMFY3J*RLO-<);E[Z?D\1'FI$Q:2:N+'D5#:N8Y[J`8G)EEK>.SW
M2.8YEY[C#\VC)_+8`?/08&O#1A:V2(&A?1LC&,J2&,7K/6N5MY*(E$2B)1$H
MB@&4_5[+/V49^4*K'=6>[F;_`-B?PA9-HSWIR3^W'X"O.RN;EU2E$5J83]9T
M9_UG]WW:LMT-[TY7_>>1D6%\X7N?F_\`=>7C6_U=#+F1*(H*3CYF3%A(2N,L
M2)P:VYIDDQDJ9,380KCN$D@AS`44#6%>^@-K6JPLTY91-$<-S>,C&XUMS,UH
MZNP!X`'WED<FJ+^9YDFM+%\IW7.M8'./4J7&,DG[I*CT,BY+Q$XZZKWZ9FK7
M!H0JU1@9I)R@C//(`,P5BRW0(`6N*_X+6M:U6W),J9>Y1EMW<9A?&>2%KG'S
MF<5)%3L#Z!73/\XDL,[S6RMLMR\6\4[VM'FEN:`&@VF.I_ZJ3<Q6[PU-/3B5
M<JU=.(+;].OO2I^$5H]I+KU?E_HEOP:<Q6[PU-/3B5<JTX@MOTZ^]*GX1/:2
MZ]7Y?Z);\&G,5N\-33TXE7*M.(+;].OO2I^$3VDNO5^7^B6_!IS%;O#4T].)
M5RK3B"V_3K[TJ?A$]I+KU?E_HEOP:<Q6[PU-/3B5<JTX@MOTZ^]*GX1/:2Z]
M7Y?Z);\&G,5N\-33TXE7*M.(+;].OO2I^$3VDNO5^7^B6_!IS%;O#4T].)5R
MK3B"V_3K[TJ?A$]I+KU?E_HEOP:<Q6[PU-/3B5<JTX@MOTZ^]*GX1/:2Z]7Y
M?Z);\&G,5N\-33TXE7*M.(+;].OO2I^$3VDNO5^7^B6_!IS%;O#4T].)5RK3
MB"V_3K[TJ?A$]I+KU?E_HEOP:<Q6[PU-/3B5<JTX@MOTZ^]*GX1/:2Z]7Y?Z
M);\&G,5N\-33TXE7*M.(+;].OO2I^$3VDNO5^7^B6_!IS%;O#4T].)5RK3B"
MV_3K[TJ?A$]I+KU?E_HEOP:<Q6[PU-/3B5<JTX@MOTZ^]*GX1/:2Z]7Y?Z);
M\&G,5N\-33TXE7*M.(+;].OO2I^$3VDNO5^7^B6_!IS%;O#4T].)5RK3B"V_
M3K[TJ?A$]I+KU?E_HEOP:S3&P((^2K)0"6F;^6B<%9[@X+'-6>K&F2I+F&*U
MQQZ@>A.C+#:UQ:+6#V*KK#+[?+F3,MR\[X_&XO>Y[BXM:VI<\D[C0-WJ*WYC
MF=SFDD$ER(QO<88T,8V-K6ASG4#6`-';.<=SJK"P[_G3+ST=/D+55#DOQ\Z^
MO2?1C5PS[^KR#]GQ_3D0'K%4>9:+QXOH/>63ZBWRKD=[JQ?M!_D6(Z?3V(>;
M\U^51"EW[P9-]7N?I6Z6?NUGOUJT^C<J*YT]6SQ\*:/&:6K3K[W9O?GQ_3:K
MUS<>]EC\R7R;EH97/RZ52B)1%Z3?TW<`](F2S\KR!%<V)8N4D&-03R;B2NL[
M.*N<V%@&+0`=XR0(*\=K7UBU`DE[VU1WKI/_`(W:`]HM32:KS""N4Y6X%E1V
MK[HBK`/[$4E/5#S%U"N0_P#EQSH>RFCX]$95<X<\SICA)A/;1V8-)"1NCSAU
M8178Y@GH:M7O_7T`7R[2B)1$HB41*(HS,H7$,BQ5_@L_B\?FL+E38I9I+$Y4
MT('Z.O[2L!N:IM=V=S(4H'!$>#L"+-+$&_\`PTVHBJ&"[*.SKC..9`BD%Q-%
MHXSY49KQS(N\BUICM,8_9L<69.R/DB5K%$B5M+<UO"LE&GNJL4A`I-WN$NY@
MKW+VI7__T/5#:I_F1S?_`!,EGC917RKYU?XDZX_:<_TROMAS*?PCYN/V/;>2
M:KVP7ZMF?X4[^,U5;"T#[LV7SY/IN6NN<?WLOOF1>3:K?K,E@J41*(E$2B)1
M$HBHO:%^@1/G`W?)G"L"YQ_=]GUAGX'K8_-;[RR?57_28M(:T2NB%?VSE]-W
M7S57>-V.MA\VGZ]N_JCO*1+6/.O[NV7UUGDIENI6\%S\E$2B)1$HB41*(E$2
MB)1$HB41*(E$2B)1$HB41*(E$2B)1%`,I^KV6?LHS\H56.ZL]W,W_L3^$+)M
M&>].2?VX_`5YV5S<NJ4HBM+"Q@"LF1H9@P%@#PSK#&*P`VTL#K:VD0KVM;3>
M^BLKT.YK=496YS@&_E-I_L9%AO.`US](YNUC27'>M@VG^NC6^N_D7?B7XP3_
M`/W70?G$'AF=<=E<T>;7/Z._N3V$W\B[\2_&"?\`^Z><0>&9UQV4\VN?T=_<
MGL)OY%WXE^,$_P#]T\X@\,SKCLIYM<_H[^Y/84&(@T'3$EITQSBG3D@"6201
M-Y24246&V@("RBY`$``!M^"UK6M:K!'D.0Q,;'$^1L;10`74X`'P`":@"R23
M4>HYGOEECB=*XU)-I;DDGJDF"I*Y>9L-[\=O3N6?6&H^)<D\--Z5<<,H./L_
M\!#Z';<`G,V&]^.WIW+/K#3B7)/#3>E7'#)Q]G_@(?0[;@$YFPWOQV].Y9]8
M:<2Y)X:;TJXX9./L_P#`0^AVW`)S-AO?CMZ=RSZPTXER3PTWI5QPR<?9_P"`
MA]#MN`3F;#>_';T[EGUAIQ+DGAIO2KCADX^S_P`!#Z';<`G,V&]^.WIW+/K#
M3B7)/#3>E7'#)Q]G_@(?0[;@$YFPWOQV].Y9]8:<2Y)X:;TJXX9./L_\!#Z'
M;<`G,V&]^.WIW+/K#3B7)/#3>E7'#)Q]G_@(?0[;@$YFPWOQV].Y9]8:<2Y)
MX:;TJXX9./L_\!#Z';<`G,V&]^.WIW+/K#3B7)/#3>E7'#)Q]G_@(?0[;@$Y
MFPWOQV].Y9]8:<2Y)X:;TJXX9./L_P#`0^AVW`)S-AO?CMZ=RSZPTXER3PTW
MI5QPR<?9_P"`A]#MN`3F;#>_';T[EGUAIQ+DGAIO2KCADX^S_P`!#Z';<`G,
MV&]^.WIW+/K#3B7)/#3>E7'#)Q]G_@(?0[;@$YFPWOQV].Y9]8:<2Y)X:;TJ
MXX9./L_\!#Z';<`G,V&]^.WIW+/K#3B7)/#3>E7'#)Q]G_@(?0[;@$YFPWOQ
MV].Y9]8:<2Y)X:;TJXX9./L_\!#Z';<`LZS((_'TQR1K.+))4*C5I]U#JI<#
MCE1P"P&'&*G%8K4C$(!(;=D>CL57V5OEV71/AM'AK'/+C61SR7&@)+GN<X[@
MZJMN87.:9I+'/>QETC6!@PQM8`T$D`-8UK1M)ZBQ!!Q1V0U(B32S0VA:*U[E
MC".UK\.+[Z+W#>]K7T7JCC>Q^I)2QX(\Q;N&O_VN5=+&^/2T(D86GC!^Z*?_
M`$L^%<CI]/8AYOS7Y5$*BN_>#)OJ]S]*W4%G[M9[]:M/HW*BN=/5L\?"FCQF
MEJTZ^]V;WY\?TVJ]<W'O98_,E\FY:&5S\NE4HBS,=C[Q+'YFC$?0G.;Y('-$
MSM+>G#K'*W!P4%IDI`+?@MKFF6TWOH"&VF][VM:]ZK,NR^\S:_LLLR^!TM]<
M2MCC8-USWD-:.N=W<&Z5;\VS2PR/+,PSG-+EL.6VL+Y97NW&L8TN<3]X#<W3
MN#:OJLP-B)HP;BN*8Y:=Q.,9T(37QR)!<'#4D6VL>]NPM>UC;@4K1"L2$>D1
M:<!9>G0"U?5?0>D+/0VE<JTY:82Z&.LKP*;Y,[;+)\-'.KA!VM8&MZB^)G.;
MKN_YR-:YWJV^Q-9<2TAC)KO5NSM88MFRK64+R-CI"]^ZXJX*S!8$E$2B)1$H
MB41*(E$7_]'U0VJ?YD<W_P`3)9XV45\J^=7^).N/VG/],K[8<RG\(^;C]CVW
MDFJ]L%^K9G^%._C-56PM`^[-E\^3Z;EKKG'][+[YD7DVJWZS)8*E$2B)1$HB
M41*(J+VA?H$3YP-WR9PK`N<?W?9]89^!ZV/S6^\LGU5_TF+2&M$KHA7]LY?3
M=U\U5WC=CK8?-I^O;OZH[RD2UCSK^[ME]=9Y*9;J5O!<_)1$HB41?/OEYOA1
M*S;(E)I.RJ1/XQM%/TE95\B.;FG:S6`BJ7'4@31[$#^6E5/K>^R,2`QO8+E%
MG@$XJQ@N48$8@WW+EK[HMTQ;@Y@;.2R:UP;4V@QF1I=,VH:6MJ'25([45J*+
MGC.8[%K]:79;E(S&+,G/:7EK;\[V(7AEN^A>'OH614!&-Q%#4A;=O6:L[@4Y
M5FRW,`85CY!M1M&SLC)5P2#%-F(H4[F01U79/D[X]-ZA0IDR50Z"84>_CN!4
M0W0*A:G5B`"Y6-Q95E!;EUJW+-]O3EYN3222LSV[X!$QK30-(&^.PC&[!1I;
M4US"?/,_#LVOGYSO&7-S5MF*Q18;>)V].,[W.!)>"[>FXCO33)B>UY`ICG3:
M5G`$JV`D9W7*DR?/$S@T+SLPL^"&8[)$.AV'XM/GXE;,Y\`C"L?<X=,).I9U
MRYOC3E=T&TFE)42892]0FCCR*TQ-O'90`XV;)'V[G7#MZ>^9\;:,C_+N#V-#
MVM=*W!C!<]P+&NERZGO\+\O;G[BT7\D4=TQMJTS1QV[)7@RRTMF.CD>Z-SF0
M/Q[V0QC2)',I1]VH)_ES9]E9\^SE',3IA;#ZJ?(4R-K@2A+GJ<2%URU`I:@,
M4OS4L5<',)D.;41K9'."W.SE("S+&`+$G3"NL.06>6YS;BSRE]R[C81DDR5M
MXVB&1AHT@5=C<X.EQMPQD4KB<K'<:JS#.-.W;LPSZ*T;Q$90`V(B[E>ZXBD%
M7M)HS>V-+(=[?CF!J!A:>E'<J/\`BP_:DE<0SBW1:8P\S94?(S@LYI@KB/,3
ML\;*^!&A)&UY+\W*9LNO,5"4+6U6CRUK/1K@C-/&I`()0(ILOAS`:?MKG*72
M6LOG;73UD&\AMW<$N&$B,8*XW[XUX+:`83M,%OFUQE+M5WEGGK8KV'S!S+4M
MB/G+G6-HT,(>TRG?",$>\N86NJ7%P(`MG(^UUD1@R^HM%LJW5L"C+^9,1'P%
M\;,/,K<RAQWBW(JXAQ9XN0.0YI7.*/($51VN^.SF@:'(M62$AH"4L3&7MUCI
MNRFRUOG&7TF%M#-OC3,XNWR6,4<_M8`#&]WY-C7/:0:R5:X*[YEK#,;?.7>:
M9M6W-Y<VYB<VW:&[S!,06L&.Y)$L;?RLCV1O#@&P@/:5R.^T/M"0&'('M=E0
M,I43[9(Q1FE:[R*$0A$T8C?)+DK&L(GLS8D<;9F$U9#HK$9VL?CD3VH=!%FM
M6G?%DXQDV\CR7);RZ?$S+][;#F4T`#9)"9FMBEDC8XN<ZCWOC;&',#*A_P`7
M$`5[-J/467V4<\F;;ZZXR>WN2Y\40;;O?-#%+(P,:RL<<<KI2V5SZ&/XV$EJ
MO79,<2%^T3M>EI\M%YK*;4>SRV\^]SAUEBL943F:@Q`YGX_:6&&K'%`8IN$9
MB%"E+"&X2QEV-`9>]IU&PLR331=EWFI<;D[WV]!V[!4;X7/`-/Z3C\(-"%?M
M(RMDU)K$-S?SX-;9MWW\G4_DY31QA:R,D5VEC6C<!%05Y[V/FN,<173J!.\D
MQ1M*;:FN@&$`U8<6YCQ[_43MOE$=>P?\E#<EXXAESBA:;EI7QF-M>VNYAO69
MTM;_`#+$,,>8V.5[>IOL,F6[#]U\4KZ'JF-XZD:UUBOLKR;"XOERC,\[V=7>
M+F'.-H^Y'/#'4=1LL9ZLJVXBFT-FR:YK+BA.0$L>-E&;,ZX778S/,Q&J60.-
MP-'/4\;G,19DS2ZY,-F[>DC;9(%9\C$IBSB@<M0@DH)B(:G&[C)<JM<J-P;,
MO$=K;SB7\L!(Z0QXHWN)$6]DN=&!'25KFU)-'AN86FH\\OL\%HW,1&9;ZZMC
M`?-R8F1"4,EC:&NFWT!C)G&8N@>Q]&M%6%VM^,-H#:)B&`]G:#XVR4"?R_.>
M`X^FQ0Z/;!'91:$Y=Q@^(7S,$0D"EH0E+')07BERO8"=X-,7EJ6TX8C;FZ]K
M7R_R;)+G.,ZN[ZQWFVM+QQF#7.9CAE:6PO:'&@_+#=8`TAP%*46-95J'4EGI
M[3=CEF9^<7E_E[!;N<QDF]7$#PZXC>6BKCYN[8)"7AS'&M:K92/;4&0LIM&-
MYN+)A>%,-9_S#DA!"<B'L4*3JXI`,>P9.W1F,I'#(#*Z1PF2Y1GT??7,E<[H
MUH34">R=(2"XRA58IL@LLODOK3S#SK,[.VB+X\3R'R225<XB-P=ABC=&TM8Y
MM'&KB:%9-;ZIS'-8<LOCFGF.2YC>S"*8LB!CBAB`8P&9KF!\\K)7ATC758,+
M&BH56NN8L\YKAN36!7E1*W0*.[*N>YDX.D>@\3ULY-\5RAF3&$3EJ16YI'3F
MU%,EP6+)7%19O"6,VYP#F\U.08$1EPCRS*,JNK"9N7EUX_,;=@#I'_D"^*"5
M["`1B?%(\M&*M*$/#B-EJFSK/\\LLTMWYL&Y?'E-W(7,BC_S0CGN8(Y`7!V"
M.>*-KS@H34.C+6FI[L1V@<[CPJ](U\Z8\-Y#B3O@&/(,7N9N/F-0S8>DT:07
MCTGB.4YK')O!7N896'8THEP>$MV!N<49[3N`%0`JSX;G)LH&:1.9:/NK*1MP
MXRC?'!TS7'$Q\3'1R-9#L):P[XYKA)4M.$3+/46?G))V27\=EF4+[1@@=O+2
MVW>P8'QSR,EB=)/M`?(W>F/:Z'"'@/=Z&;+61EN4,/M<A<WQ_DCLWR&9Q1W>
MI*R0QF=ECE%)4[,:H!YF-G=\QN_[Q$CWO=T85'!B\9(C2RDXKC3E87J"Q;89
MG)#'$R.-S&/#6N>X`/8'#^M:V5M:UP2#&VM"7;''8NE,R?FN317,L\DLS9)(
MW.>V-KBZ.1S#7>7/A?2E,<3L#Z5`::M&Q-619(E$2B*`93]7LL_91GY0JL=U
M9[N9O_8G\(63:,]Z<D_MQ^`KSLKFY=4I1$HBDL,((53"*)51)2E,IDK$0H3G
ME@.(/(.=$I9I)Q1EA%FE&EBN$016O85KZ+]BKGDD<<N=91%*P.B==1`@@$$&
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M"Q9QC:V(D(S0!OK!`:-*04(P`1=FUKZ;6O55:Y;EUBYS[*PAA<X4)8QK"1\!
MP@55'=YIF>8-8R_S&>=C34"21[P#\(#B:'[RP3I]/8AYOS7Y5$*M]W[P9-]7
MN?I6ZN5G[M9[]:M/HW*BN=/5L\?"FCQFEJTZ^]V;WY\?TVJ]<W'O98_,E\FY
M:&5S\NE4HB]</Z8F`K.SV[9\D:+601T:N.0(M06*P3WU0G"6^OY-A:MC`-;<
MINC)%^.7<U2=HT&$6O;KC_C#H#SN^N]?9E!6WMRZ&U!&[*1264?"&,.]M.T8
MGOW',%.%?^9'.@;'+K'FPRFXI<W8;<7I:=R%KJPPGX#)(W?7#8X-CCW62&OM
MK7;:^=*41*(E$2B)1$HB41*(O__2]4-JG^9'-_\`$R6>-E%?*OG5_B3KC]IS
M_3*^V',I_"/FX_8]MY)JO;!?JV9_A3OXS55L+0/NS9?/D^FY:ZYQ_>R^^9%Y
M-JM^LR6"I1$HB41*(E$2B*B]H7Z!$^<#=\F<*P+G']WV?6&?@>MC\UOO+)]5
M?])BTAK1*Z(5_;.7TW=?-5=XW8ZV'S:?KV[^J.\I$M8\Z_N[9?76>2F6ZE;P
M7/R41*(E$6(X`8M_<)\"M/"6Z;MPAP<CW]NVC1NN^]QWQNFCL:VMIJ;OTV#>
M]]=O?P5-.MN*3YO;[YON\,WVOQL(KUZ57:,;F\TA8E-0HS$SA<T2],8E(&0N
M$>`)9]UA(@7+4W.+#8(M>PM8-K6OV*A#W@M<'G$W<-=S[WP*,QQEKV&-I:[=
M%!0UW:_#7[JQIT5C"AM;V8^-L)[0TJ$RMJ:CF=O,;6Q4BN(2-2WH1IQ)42A(
M(8KE#+"$1=[WU;VTU&+BX:]\HG>)'`@G$:D'=!-:D'JU4HVEJZ*.%UM&86$%
MK<(PM(W"!2@(ZA&XOP*(1,8$!0XQ'1%-2EQ6-98F5M$!M6.YAYKLJ0`NFN%&
MI=#51HE`R]41XC!7'<5Q7T^^<W`+R+A]7``]L=H&X#MV@4%*[E-B\-G:$1@V
ML=&$EO:M[4NKB(V;"ZIJ1NU-5S'QB-J5B)Q4QYC4.#:H`K;EQ[2@-6(%1:8"
M,M2B4F)Q'I5`$A02K#`((K%AL&U]6UK5X)YVM<QLSPQPH14T(K6A'5%=OWU$
MZUMG/9(ZVC,C34$M%0:4J#2H-!2HZFQ<)T1B:E:I<E$8CQ[BL4HEBMP.96TU
M:J6-H+EMRI2J&F$>>I0%BN$@8A7$4&^@-[6KT7-PUC8VW#PP`@#$:`'=`%=P
M]7X5"ZSM'/=*ZUC,A()):VI+?BDFE21U#U.HLKP<WZM@[P1ZMD=VZP=ZD:MF
M\5@V$@M;4T61BL&VDK^Y?1;L5+QO^6=VN[U?A^_]U3M[CW-[;3#3<&Y\'WON
M;BX&EC96%,!&QL[6S(RRBR2TC2WI&Y,625<P110"$9))02BA'#N$-K:`W%?1
M^&]>R2RS.+I97.=\)))__JAA@@MVAD$+&,`I1H`'6%/A7/=N;[D!2W0H[I@J
M-]A3W2D7("JWS=9OD).IN=E&_!7-U]&MNE];3K=FO,;ZXL9Q4I6O4I2GWJ;/
MO*+>X\.#>VX:UI04K6M?OUVU^':N$#*S%.QS^6TMA;ZI1EMRAZ`@2@=E#>49
M8XI"<XA*LL-1EFVL()0AW!85M-K::],LIC$)D=O(-0VII7X:;E?NJ$00B9UP
M(6^<%M"Z@Q$?`7;M/N5HN0MK;"1E&$MR$H9"A2K)&6D3@&2J6!&!6I*$$NUR
MU"H!@K&#MH$.PKV%>^FO#)(007FA`&Z=P;@^\.HO1%$T@B-H()(V#83NG[YZ
MIZJX5+$QK6N[(L9FI6RB`$H30I;DA[6(L(M<)=T!I(TEP!'V;6U-%K]FO6S2
MLDWULKA+\()KU]U0NMX'Q;P^%A@^20"WK4HNQP<WZMP[P1ZMT=FZX=ZD:MV\
M-A6"@O;4T71AL*^@K^Y;3?L5YC?\L[M=WJ_#]_[JCWN/<WMM,--P;GP?>^YN
M+JK6!B<B5"9Q96E>G5M]FE40M;4:HE2UV'<RS:H*/),`<WV'?6W$5KEZ>SHK
MUDTS"US)7`AU10D4/PC[OW=U0/M[>4.;)`QS2W"06@U;\DU&T?<W%W42%$V)
M$S>VHTK>@1D@3I$2).4D2)2"[:I9"9,0`LD@DL-M`0A#8-K?@M4+WOD<Y[W%
MSR:DDU)^^5&R-D3&QQL#8VB@`%`!\``V!=JH5&E$2B*`93]7LL_91GY0JL=U
M9[N9O_8G\(63:,]Z<D_MQ^`KSLKFY=4I1$HBY"3C4YI1Y!IA!Y!@#B3B1B+-
M)-+%899I1@+A&686,-KA%:]KVO;3:HF/?&]LD;BV1I!!!H01M!!&X1U"H'L9
M*Q\<C`Z-P(((J"#L((.P@C805G.=DJ\II!QRX_.:K^-\V]:7'C']\K=Q)DWJ
MBU\4SO5O<TP9@4M;:I/%(!G*&]&></GC,`ZYIJ<LPP6J!]"`.L,5[Z+6M:W]
ME;^L\ARZ6TM99#<%[HVDGSFXVDM!.Y*N;KW4>:0WEW%&+41ME<`/-;78`X@;
ML-=Q=_H_C?\`N#TSF7+U5'L[EG_D>DW/"JE]J,W^&U]%M>!3H_C?^X/3.9<O
M4]G<L_\`(])N>%3VHS?X;7T6UX%.C^-_[@],YER]3V=RS_R/2;GA4]J,W^&U
M]%M>!3H_C?\`N#TSF7+U/9W+/_(])N>%3VHS?X;7T6UX%.C^-_[@],YER]3V
M=RS_`,CTFYX5/:C-_AM?1;7@4Z/XW_N#TSF7+U/9W+/_`"/2;GA4]J,W^&U]
M%M>!3H_C?^X/3.9<O4]G<L_\CTFYX5/:C-_AM?1;7@4Z/XW_`+@],YER]3V=
MRS_R/2;GA4]J,W^&U]%M>!3H_C?^X/3.9<O4]G<L_P#(])N>%3VHS?X;7T6U
MX%.C^-_[@],YER]3V=RS_P`CTFYX5/:C-_AM?1;7@4Z/XW_N#TSF7+U/9W+/
M_(])N>%3VHS?X;7T6UX%.C^-_P"X/3.9<O4]G<L_\CTFYX5/:C-_AM?1;7@4
MZ/XW_N#TSF7+U/9W+/\`R/2;GA4]J,W^&U]%M>!3H_C?^X/3.9<O4]G<L_\`
M(])N>%3VHS?X;7T6UX%.C^-_[@],YER]3V=RS_R/2;GA4]J,W^&U]%M>!3H_
MC?\`N#TSF7+U/9W+/_(])N>%3VHS?X;7T6UX%.C^-_[@],YER]3V=RS_`,CT
MFYX5/:C-_AM?1;7@4Z/XW_N#TSF7+U/9W+/_`"/2;GA4]J,W^&U]%M>!3H_C
M?^X/3.9<O4]G<L_\CTFYX5/:C-_AM?1;7@4Z/XW_`+@],YER]3V=RS_R/2;G
MA4]J,W^&U]%M>!7=;(<PM"\#FC)<!+BDZA*4>O?7YUW(A4(@:@LHIU<UI)>[
M"3%W%<(;"OJ6[-3[7)<OL[AMU"R0SAI:"^662@=0D`2/<!7"*T%=@5/>9]F=
M];.LYY(A;.<UQ#(88ZEM0TDQQL)IB-*FFTJ$9T]6SQ\*:/&:6K%K[W9O?GQ_
M3:LBYN/>RQ^9+Y-RT,KGY=*J<8UQ^_Y3GD6Q]&";'/4J=TS6F&,(Q$(RC!7&
MM<UFYA$8%`U(2S%)X@VO<))0KVM>^BU7S36G\PU5GV5Z>RQE;VZF:QN[1H.U
MSW4VX6-!>X]1K2L;U?JC*]%:9SK5.<R8<OLH'2.`IB>1L9&RNPOD>6QL!H"Y
MPJ0-J^K?'$"8,706+X_C!&]V.*M*=K1VO:UC5`P:QJUP4WMV!+7->::I/%;L
M".-%?^VOJYIS(+#2^197I_*X\-C:PAC?A/5<\_\`R>XN>X]5SB5\1=6ZGS36
M>I<YU3G,N+,;V=TC_@:#L8QO_P`(V!L;!U&M`4VJ]K'4HB41*(E$2B)1$HB4
M1?_3]4-JG^9'-_\`$R6>-E%?*OG5_B3KC]IS_3*^V',I_"/FX_8]MY)JBL7S
M!+(BS)V)J*:!(DQB@PNZM&><?K*3AGF:Q@%A(;VUS+Z/Q;:+5;,JUGF^3V4=
MA:-A,#22,323VQ).T.'5/P*^YQH3),\OY<QO7SBX>&@X7`#M0`-A:>H/A4A]
MH6>_]&/\7*N4*N/2/J#Y%OW#N_5KZ+M-?+NN[;WB>T+/?^C'^+E7*%.D?4'R
M+?N'=^G1=IKY=UW;>\3VA9[_`-&/\7*N4*=(^H/D6_<.[].B[37R[KNV]XGM
M"SW_`*,?XN5<H4Z1]0?(M^X=WZ=%VFOEW7=M[Q/:%GO_`$8_Q<JY0ITCZ@^1
M;]P[OTZ+M-?+NN[;WB>T+/?^C'^+E7*%.D?4'R+?N'=^G1=IKY=UW;>\3VA9
M[_T8_P`7*N4*=(^H/D6_<.[].B[37R[KNV]XHO+LL2B:M06=X+:@)`JR5MKH
MDAQ!V[$`-+!:XS%9P=35.OIMH_X=FK5G&K\USRT%E>MA$(>'=JT@U`(&TN.S
M:KQD>BLGT_>F_L'3&<L+.W<"*$@G8&C;L'559UBZR]2>)R]YA;B<Z,8TX%:A
M$8WF74D!4`NG-/3*!VL`5PVL/=$H.S_PT_\`&KKE&<WN1W+[NP<T3.86'$*B
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M69IL_M2YF<#VX2)P(NG4A*;RRC+EBN$5[`,L.]P7TA_#5)?:VSW,+2>RN9(C
M!(VCJ,`-/OJLR_0.GLLO;>_M8Y1<1.Q-J\D5^Z*;55-8DLU2B)1$HB417&FS
MK/DB9.E)4-=BDQ!2<JPFTL0K%DEA+!K"U^S?5#;3>LTBU]J&&*.)DD6!K0!V
M@W`*#JK`IN;?3,\LLSXIL;W%Q_*'=)J>HN?I]R%WPU<6%]TJ9TA:C\+#W`[*
ME]&6EO!3^,/83I]R%WPU<6%]TITA:C\+#W`[*=&6EO!3^,/83I]R%WPU<6%]
MTITA:C\+#W`[*=&6EO!3^,/83I]R%WPU<6%]TITA:C\+#W`[*=&6EO!3^,/8
M3I]R%WPU<6%]TITA:C\+#W`[*=&6EO!3^,/83I]R%WPU<6%]TITA:C\+#W`[
M*=&6EO!3^,/83I]R%WPU<6%]TITA:C\+#W`[*=&6EO!3^,/83I]R%WPU<6%]
MTITA:C\+#W`[*=&6EO!3^,/83I]R%WPU<6%]TITA:C\+#W`[*=&6EO!3^,/8
M3I]R%WPU<6%]TITA:C\+#W`[*=&6EO!3^,/83I]R%WPU<6%]TITA:C\+#W`[
M*=&6EO!3^,/83I]R%WPU<6%]TITA:C\+#W`[*=&6EO!3^,/83I]R%WPU<6%]
MTITA:C\+#W`[*=&6EO!3^,/83I]R%WPU<6%]TITA:C\+#W`[*=&6EO!3^,/8
M3I]R%WPU<6%]TITA:C\+#W`[*=&6EO!3^,/83I]R%WPU<6%]TITA:C\+#W`[
M*=&6EO!3^,/83I]R%WPU<6%]TITA:C\+#W`[*=&6EO!3^,/83I]R%WPU<6%]
MTITA:C\+#W`[*=&6EO!3^,/83I]R%WPU<6%]TITA:C\+#W`[*=&6EO!3^,/8
M3I]R%WPU<6%]TITA:C\+#W`[*=&6EO!3^,/83I]R%WPU<6%]TITA:C\+#W`[
M*=&6EO!3^,/86!DF6IA*V@]D=SD`T*D9!AH2$("#;B3G`/+T&6'>]K6,!;3_
M`,;5;\SUAG.;V<EC>/C-NX@FC0#L((V_?"N64Z(R+);Z/,+&.47+`0,3R1VP
M(.RGP%5G6+K+U[<_TQ,!<#L#MGR1([6<9*6JCL#`<&^NE8$RJY;\]!`,.@)C
MLY);)B1VT#"2F-T:0'UV[_QAT#YG87>OLQA_S%R'0VH/]&)KJ2R??D>T,:=T
M-8[J/7SF_P"9'.?Y_F=CS895/_E+,MGO2-QT[FUABJ.I%&XR/&T%\C-QT:];
M*ZV7#"41*(E$2B)1$HB41*(E$7__U/=C:(PO'GK.F6791.2$)[C/)&L-1B(0
MB$F,/<3AB)O<;D6.]R[WT=D-K_\`XKYX\X>B\JO==:LNY=0LCDDOYG%M&=J2
M\FFUX.S[P7U<YJ.<+,LOYM=#6,>G721Q99;M#L3NV`C`KLC(V_?*IKH#C'6(
MF^+M_*M89[`Y/RGCZS.$6P.D[->2[NZ?P:=`<8ZQ$WQ=OY5I[`Y/RGCZS.$3
MI.S7DN[NG\&G0'&.L1-\7;^5:>P.3\IX^LSA$Z3LUY+N[I_!IT!QCK$3?%V_
ME6GL#D_*>/K,X1.D[->2[NZ?P:=`<8ZQ$WQ=OY5I[`Y/RGCZS.$3I.S7DN[N
MG\&G0'&.L1-\7;^5:>P.3\IX^LSA$Z3LUY+N[I_!IT!QCK$3?%V_E6GL#D_*
M>/K,X1.D[->2[NZ?P:=`<8ZQ$WQ=OY5I[`Y/RGCZS.$3I.S7DN[NG\&G0'&.
ML1-\7;^5:>P.3\IX^LSA$Z3LUY+N[I_!IT!QCK$3?%V_E6GL#D_*>/K,X1.D
M[->2[NZ?P:=`<8ZQ$WQ=OY5I[`Y/RGCZS.$3I.S7DN[NG\&G0'&.L1-\7;^5
M:>P.3\IX^LSA$Z3LUY+N[I_!IT!QCK$3?%V_E6GL#D_*>/K,X1.D[->2[NZ?
MP:=`<8ZQ$WQ=OY5I[`Y/RGCZS.$3I.S7DN[NG\&G0'&.L1-\7;^5:>P.3\IX
M^LSA$Z3LUY+N[I_!IT!QCK$3?%V_E6GL#D_*>/K,X1.D[->2[NZ?P:=`<8ZQ
M$WQ=OY5I[`Y/RGCZS.$3I.S7DN[NG\&G0'&.L1-\7;^5:>P.3\IX^LSA$Z3L
MUY+N[I_!IT!QCK$3?%V_E6GL#D_*>/K,X1.D[->2[NZ?P:=`<8ZQ$WQ=OY5I
M[`Y/RGCZS.$3I.S7DN[NG\&G0'&.L1-\7;^5:>P.3\IX^LSA$Z3LUY+N[I_!
MIT!QCK$3?%V_E6GL#D_*>/K,X1.D[->2[NZ?P:=`<8ZQ$WQ=OY5I[`Y/RGCZ
MS.$3I.S7DN[NG\&G0'&.L1-\7;^5:>P.3\IX^LSA$Z3LUY+N[I_!IT!QCK$3
M?%V_E6GL#D_*>/K,X1.D[->2[NZ?P:=`<8ZQ$WQ=OY5I[`Y/RGCZS.$3I.S7
MDN[NG\&G0'&.L1-\7;^5:>P.3\IX^LSA$Z3LUY+N[I_!IT!QCK$3?%V_E6GL
M#D_*>/K,X1.D[->2[NZ?P:=`<8ZQ$WQ=OY5I[`Y/RGCZS.$3I.S7DN[NG\&G
M0'&.L1-\7;^5:>P.3\IX^LSA$Z3LUY+N[I_!IT!QCK$3?%V_E6GL#D_*>/K,
MX1.D[->2[NZ?P:=`<8ZQ$WQ=OY5I[`Y/RGCZS.$3I.S7DN[NG\&G0'&.L1-\
M7;^5:>P.3\IX^LSA$Z3LUY+N[I_!IT!QCK$3?%V_E6GL#D_*>/K,X1.D[->2
M[NZ?P:=`<8ZQ$WQ=OY5I[`Y/RGCZS.$3I.S7DN[NG\&G0'&.L1-\7;^5:>P.
M3\IX^LSA$Z3LUY+N[I_!IT!QCK$3?%V_E6GL#D_*>/K,X1.D[->2[NZ?P:=`
M<8ZQ$WQ=OY5I[`Y/RGCZS.$3I.S7DN[NG\&G0'&.L1-\7;^5:>P.3\IX^LSA
M$Z3LUY+N[I_!IT!QCK$3?%V_E6GL#D_*>/K,X1.D[->2[NZ?P:=`<8ZQ$WQ=
MOY5I[`Y/RGCZS.$3I.S7DN[NG\&G0'&.L1-\7;^5:>P.3\IX^LSA$Z3LUY+N
M[I_!IT!QCK$3?%V_E6GL#D_*>/K,X1.D[->2[NZ?P:=`<8ZQ$WQ=OY5I[`Y/
MRGCZS.$3I.S7DN[NG\&G0'&.L1-\7;^5:>P.3\IX^LSA$Z3LUY+N[I_!IT!Q
MCK$3?%V_E6GL#D_*>/K,X1.D[->2[NZ?P:=`<8ZQ$WQ=OY5I[`Y/RGCZS.$3
MI.S7DN[NG\&G0'&.L1-\7;^5:>P.3\IX^LSA$Z3LUY+N[I_!IT!QCK$3?%V_
ME6GL#D_*>/K,X1.D[->2[NZ?P:=`<8ZQ$WQ=OY5I[`Y/RGCZS.$3I.S7DN[N
MG\&G0'&.L1-\7;^5:>P.3\IX^LSA$Z3LUY+N[I_!IT!QCK$3?%V_E6GL#D_*
M>/K,X1.D[->2[NZ?P:=`<8ZQ$WQ=OY5I[`Y/RGCZS.$3I.S7DN[NG\&G0'&.
ML1-\7;^5:>P.3\IX^LSA$Z3LUY+N[I_!IT!QCK$3?%V_E6GL#D_*>/K,X1.D
M[->2[NZ?P:=`<8ZQ$WQ=OY5I[`Y/RGCZS.$3I.S7DN[NG\&G0'&.L1-\7;^5
M:>P.3\IX^LSA$Z3LUY+N[I_!IT!QCK$3?%V_E6GL#D_*>/K,X1.D[->2[NZ?
MP:=`<8ZQ$WQ=OY5I[`Y/RGCZS.$3I.S7DN[NG\&G0'&.L1-\7;^5:>P.3\IX
M^LSA$Z3LUY+N[I_!IT!QCK$3?%V_E6GL#D_*>/K,X1.D[->2[NZ?P:=`<8ZQ
M$WQ=OY5I[`Y/RGCZS.$3I.S7DN[NG\&LJQ;/$2<'MG0*<AEW3KG5O1GV));@
M'7)4JR23;%#$Y&A`9<`[ZM[A%:U_[+_@JKL>;O)+B]L[>34S=[?*QIIO8-'.
M`-#C.VAV;#]Y469\ZV=6F6YA=0Z7._102/;5SR*M:2*C>Q45&T5&SJA?2Q'V
M%IBS"S1EA1E-S)'VM`RM"`FU[%(VUL2E(T28&G3>X24Y(0Z;Z;WT:;]FOI5E
M]A:9586666$(CL;>)D<;1N-8QH:T#[P`"^/^:YG?9UF>89QF=PZ7,;J9\LKS
MNNDD<7O<?ON)*S%5BH$HB41*(E$2B)1$HB41*(O_U?6?:D_F,S9_$F5^-5%?
M)?G:_B;KO]J7'E"OL;S.?PJYOOV3;>3:JLC,)F<U.5IX;$9/+3V\BRE>1&6!
MU?CD2:^OH4*RVI(J&F(ON8M`QV"'\6_9[%ZQ'*LBSS/7S1Y)DUW>21MQ/$$,
MDI:WX7"-KBT;#M-!L699OJ#(-/L@ES[/+.QBE=A8;B:.$/=L[5ID<T..T;!4
M[0HZ>0>E/.2JB34RE,:80H3GEC)/(/)'<LTDXHRP3"C2C`W"((K6N&]M%^S5
MMDCDAD?%*PME:2"""""#0@@[00=A!V@JZ1R1S1QS0R-?$]H+7`@@@BH((V$$
M;01L(7%4"C2B)1$HBY1D'EG"3&$FEJ`F;D(@98PG!-TZNYB*%:P[&:W8T:-.
MFHW1R->8G,(E!I0@UK\%-VOW%`V2-\8E;(TQ$5J"*4^&NY3[JD\D@4ZAI2!1
M+X7+(H0Z@N8UG22./#&4Y%AM:XC$!CHC2@6`#:]KWN7<5K6JZYIIW4&1LMY,
MZR.\LXYA6,SPR1!X^%AD:T.'WJJT93J73F?/N8LBS^RO9(32003Q3&,_`\1N
M<6GYU%@CFIT3I1+U#:O(0A7&-@EAR-04E"Y%$@4&MXE`RPDV7%$&!&(K3N@0
M"M>]M%[7JWOL[N.$W$EK(VW$A9B+7!N,`$LQ$4Q@$$MK4`@THKBR]LY9A;17
M<3K@QB3"'-+M[)+0_"#7`2"`ZE"016JZ%4ZJ4HBERZ`3QLCR66N4)ES?%%VY
M;RDRZ-O*2/+-VU;$[U>E"(MM4;K<=M74-OK:;:/PU>;C3FH;3+8<YNLBO8\G
MDIAG?!*V%U=S#*6AAK791QJK);ZFTW>9I-DEIJ"QESJ.N.W9/$Z=M-W%$UYD
M;2AK5HIU5$:LRO:41*(N^!J=#$RI:6VKQHT)*50M5@1J!)D:=<:%.B/5'V+N
M4G)6'BL`H0[V"8.]K!O>]5#;.[=%-.VUD,$;6N<X-=A:'FC2XTH`X[&DT!.P
M5*IG7MFV:&W==Q">1SFL:7-Q.<P8GAHK5Q:`2X`$M&TT"Z%4ZJ4HB41*(E$2
MB)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41
M*(E$2B)1$HB41*(E$2B)1$HB41*(O[:]PWM>U[VO:]KVO:^B]KV[-KVO;LVO
M:]`2#4;J$`@@C8OI+V*\^6SIB!O&\+0J)Y";)HW,0C%_F5HRB;V9Y&8'1;39
M^0DW$:*UK!NL*/M:U@V#7U"YB^<3I`T7;.O9P[4-AA@N?E.('Y.8_P!JP5<=
MS?&R```!?)S_`)`<VAYN==73;"W+=-YABGM:?%8"?RL`_L7FC1N[TZ,DDDK;
M^MTK1B41*(E$2B)1$HB41*(E$7__UO6?:D_F,S9_$F5^-5%?)?G:_B;KO]J7
M'E"OL;S.?PJYOOV3;>3:IU@4M<ZP:3QY7!T.3HDIF+`YN47CDM4Q/+,=>$+4
MZIFJ;QTPLLQ(XL28E<>2<%20M()46!<84^M8T=_YO&SW>09KELV01YKD[[V%
M[X(;AUOF$,C8Y&QW4)`+7Q-#WM<'ME8U^$D15#W8YSE.M[+463YI!J*3)\[9
M831QW$]LVYRV>)\D;I+2<$AS)G%C'L+'Q/<S$&F7"6-V`9H+C5;(I4H6N";+
MBU3F20M^3GQ[;H6YNI,%`QQ=>0N<Y,LR!&$,&T.#B\E+).VEK0'N**UPBU`E
ME*]C66G]+3YGF\D]RS.9W9Y,R^EE9;/D%H(H'ASYW7D#+7MWW+9;^!LH?-%L
M.$-9-K&_U'JVWRK)HK>V?D=NS(8'Y?#$^ZCC-X9KAA9';MLKA]WVC+5T67SN
MB+()=HQ%[X(@CA4%70UZ%'(ICYW@"/9Q?Y2T2Q8K;!Y&OE-`SC4/UW$)#K=]
M"X,[MO@H*,Q.%N(0E$'@"$9H!FV:#(M/W&1WQRS*,MFTXS3$T\=PYT9O?/V1
MDRXZ2;[CCDQM$18(61-CD:`YS7/OMQJ#4=MGV7C-<ZS2#4TFJX;>6V:V06/%
MSY0V'!6/><$L>!QE:\SOF=)&XEK'-9D7A5BQM?<@)&['^(QI89E_"D:BIAS6
MG6A4Q>:-\F%.C5ES7(94@+&<RDWW938\#==0+>^X7W*X*F]ETE:YAJ2&VTWD
MQBL<ZRR"W)C#L4%RR?SLNJ\B8$Q-[9^,08SO>]G`6TMA#K*[R[3$]UJ?/!-F
M&19K<7($CF8;BU?;^9AM(P8"!*[M8\!GP#?=\&,.RJ+&V%4*B8I43.WOT40Y
M+SFSS564BBSDIC$8CKJO104:6;/4_8E<,2)V8LI8WJDR%59W7"$G,$HM8">U
M9!I?0EO)G4,%E'<9/'FN:QW3@V![H((9'MM,-U+=Q.MFB(-EAD9%)YS*3&XR
M@-C%%<:LYP;F+(IKB^EMLZDRC*);1I?<1MN+B>-C[P.M(K*9MTXRET4\<DT?
MFT(;*T1$NE-:2R^.F]MRBVM</QS8,$QAL\3F++`HRSW%VF+M?#P9BF7+=_W.
M=T+BFDSD6N;0WLG!<JYFY@.":8+%<X]F;>UU;:VF2Y93+\IR:ZMW807R7,G%
MHN6O=CK(U[9YQ+`.T&$NPM>'N.6Y(-57-WHZ[O,]S6N99QG=I<-Q$,CM8^,S
M:N8S!2)['6\#H9SVYQ!F)T98T9"9R)C0;<ZN4/IT7:8\?/%[FR2)*8A/C]P.
M);AS-F[DK2GKTAA93LH2+E*@6BP0E7&,(;6O53GF96%OS_S9MF#[2'+79@]\
M4S2PPT>'^;73W-+VD"0QRO>=P-JX"BIL@RO,;G_CG!D^6LO)\T;EK(YH'!XF
MJPL\ZM(VN#'`F)LD,;!NEP:TFJA:9LF.,<9Y<%E<I.,^3/T$7PV/R=T2/]I;
M.&:7HWAUEB9$0X*S7=D##BG%&L=`"LF5`<RR;'C$9:UK'%:9WI32NLCJ]C3)
M=W%H^VAGD;-YQ=17+9)+AK0]QDB\V$T<DX."03M8)'%P"O\`+>9#J_5VB&Z+
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M39[E]S&;/`W^K;&-^HG-SG!D&36".,D1BC7"HB"(*5IL:(N8XR:SQ'8FZR4Q
MZ=A*E-UYEE5CRTY(-S*2V&,-@ZXC!"U]KRZR"WU5EV66&36<.168MG/,`J^?
M?(;>2<RR8G8SBQAC1A;'5P`Q%Q.R.;VTU%<Z1S/-<QSN]FU!?&Y:P3FC+?>I
M[F.W$4>%N`8<#GN.)TE&DG"&@76ZH9*UY4SQD^5O*-=B"6Q'+"=`^@>D)[#/
M&>3,#PDQ1&XP04J&)4N;'I4T&D(BBMU9;(!7,`19,+5SN\@S2TU=SA:KS>^9
M)HN\LLP#)=]88;N.>&1N7P0`..)[)76[FQ-;BM=Z)<(]Z--?65QE-YHSFVT?
MDMA)'KFQOLM<^'>GB:SEMYHG9C/<$M&%DD3;EKY7.PW>_`,=)OHKE\BX]B39
M;(;?(H+!X;B]H@^-W&)3AB"BYVCG3N7!#7%"F66=SG)Z7N:-Q=A+&L\D1").
M2%0$LG5":=6:FTWD]J-26^9:?L+'2D-A9/M[J+#YP;N06A>QKM\+Y7O:^X,D
M#FED3&B0-90/?0Z5U1G=X=+W.5ZCS&_UA/F-^RYM)L?FPLXC>"-[F[T(XF1N
MCMA%<,>'RO<Z(O?4LCE3E!,+()>R%/$/CHV%+/Y:DAQETL;C3'*\=-N/IDX)
M2QKV?(4E>)TV#<D#6:FD:DM,I$I.$4*XAF;DGN]UI_0UMG5BR]R6V.7LS&X;
M;'#!!%<63+.Y>T%\5Y/)=L+V0.9>O#'E[BPDN=@CLUIJ3G`NLCS!]AGMT,R?
MEELZZ&*>XFMKZ2]M6.(9+9016<@C?<-DL8W21B-K7@!K<<L0QI#XQ/H86^/$
M,@(")U&<NK3RXM$VA(3'I-'XX^H82R&29TFEGB+OMW5G2*D34UMI@G(M6`Y2
M8<$P[<[-I;)<IU%D;;^]R/+A'F%KF+B+>WC:(9X8966L1GDNM\@EWR*.2*W@
M@)F$C7RN>'/PWS5N>YOIK/W9=8Y_F9DRV[RQ@-Q<RN,]O-/"^[E%O':[U<0[
MW+)'+<7$[1`Z)T<3(RV/'V)@=#I;"&AUE!,6:&(S$FSR@*=(VH3)UA8"ILQ-
MD\161)7(XPX^,H-U`!.<5K)[7%>UO_VM,SI^2YQD-G=YLRTAR\Y-D[!)`6AP
M`NH8[MN%KR28&8@&.;5FW[ZE9%'GV2:AOK/)Y+R?,AGF=O,<[7.82;2:2S?C
M=&`&W#\)+VNH_9]X]E%"L?\`.0VV0X!C"/($61GQ%C5"R.:<*";8Z38_R6XK
M3G-4W24]2_,B!U:X^-(]&&W5'*E@R@GCO>X2IL&1:<XS?[2Z<RFVMX\SE;8L
MBD&"ZLFV=\]Q>YDY=-$R2.S,=T7&1TDCF"0U(9*N-0:GXI9[+:FSBZN9,JA?
M?OEC<7VE\Z]L&,$;7P!L,KXY+T2V@;O;8XFO,;0`7QB!I8')D<`D"C'L6<94
M_P",IJ0O0Q-DB2Y0W/##DQ*@9Y`CQ:_O++'Y@]\V;C3'([&D*3D8Q+`ZQA%S
M*M.GH=/9I#IW,9=-VDN;W&570>VWBMWN9)%?-9',VPFEBAN9=XJQT8<U[HR9
MQ5T9<KQJ2;4F43ZFRR+5%Y%DUMF]H6/N9KEC7Q36#GRP.S&&*6:UB\XI(V4M
M?&V4"W-&2!JU5S0RH8]D^6M+:;&C$:9:E,+M$$ZM$PIC%C8A7*$"9`N>9">V
MJVY2I&G6);+5):986:46.Y8`5J/7-C;Y;JO.;.U=:F%LC2/-VN;$TN8USF-8
M^68L<QSBR2/?7M9*U[&N+0%N;0&87&::/R2^NV78G?&X'SES7S.#9'L:]SV1
M0"1KVM#XI-ZC=)$YCWM#W.57UB:S!*(E$2B)1$HB41*(E$2B)1$HB41*(E$2
MB)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1$HB41
M*(MG=DG.QV`\P,LB6'F!AS[JQN<I@V&,/`2XXO5=0%``:(:F/K0EJPZ@;F&%
MEF$AO;=;WK:W,WS@OYN]:V.9SR'B2X_(W3=W\D\C\I2A[:%U)!08BT.8*8RM
M0\]W-Q'SEZ%S#*H(QQ[;?E[1VP?EF`_DZDBC9F5C-3A:XLD-<`7TTDG$J22E
M"<TI0G4%%G$'DF`-).)-!891I1H+B`848`5KA%:][7M?3:OJFQ[)6,DC>'1N
M`((-00=H((V$$;01NKY%21R12/BE86RM)!!%""-A!!V@@["#N+EJ)0)1$HB4
M1*(E$2B)1$HB_]?UGVI/YC,V?Q)E?C517R7YVOXFZ[_:EQY0K[&\SG\*N;[]
MDVWDVJCR4"]278U,@7J"KW$&QI")4<7<0!7"*UC"RA`O<(K:+]GL7K"8LNOY
MF-DALY'1G<(:2.N%LA[XHSADGC:Z@-"]H-#M&PD':%S<$NW@EUXM6]PJ/BG-
M/5\W<'L*#?[?]*A\8SOE9`\BY6,BG,P9BR[+=G+CHCN9[3:1CC9*T#B3&3)F
M%AM,3(T4L+",+<)?=$'18-BM7L5E#L\UN[)^(R'^8[R(:^;Q;\8`\/$!N=Z\
MY,`<`1"9=Z%*8*;%B;=':0;G7'[86<8;^9Z>=2;P)RPQFX%KOWFHG+209Q#O
MIK4OKM5;\$NW@EUXM6]PK%^*<T]7S=P>PLLW^W_2H?&,[Y."7;P2Z\6K>X4X
MIS3U?-W![";_`&_Z5#XQG?)P2[>"77BU;W"G%.:>KYNX/83?[?\`2H?&,[Y.
M"7;P2Z\6K>X4XIS3U?-W![";_;_I4/C&=\G!+MX)=>+5O<*<4YIZOF[@]A-_
MM_TJ'QC.^3@EV\$NO%JWN%.*<T]7S=P>PF_V_P"E0^,9WR<$NW@EUXM6]PIQ
M3FGJ^;N#V$W^W_2H?&,[Y."7;P2Z\6K>X4XIS3U?-W![";_;_I4/C&=\G!+M
MX)=>+5O<*<4YIZOF[@]A-_M_TJ'QC.^67DCC+)2\F/,C`ZN#TX%(TXU)[8:2
M<I+:FY,W)"P%$)"2Q;U;D18/Q0Z=4&D6F^F]ZW,QJ#-KYU]F<,TE](&@N+*%
MPC8UC10`#M6-:-@W!4[:E4.59=E636#;#*A#%E\1<X-$@(:9'N>XDEY/;/>X
M[3NF@V4"Q'!+MX)=>+5O<*HN*<T]7S=P>PJ[?[?]*A\8SODX)=O!+KQ:M[A3
MBG-/5\W<'L)O]O\`I4/C&=\G!+MX)=>+5O<*<4YIZOF[@]A-_M_TJ'QC.^3@
MEV\$NO%JWN%.*<T]7S=P>PF_V_Z5#XQG?)P2[>"77BU;W"G%.:>KYNX/83?[
M?]*A\8SODX)=O!+KQ:M[A3BG-/5\W<'L)O\`;_I4/C&=\G!+MX)=>+5O<*<4
MYIZOF[@]A-_M_P!*A\8SODX)=O!+KQ:M[A3BG-/5\W<'L)O]O^E0^,9WR<$N
MW@EUXM6]PIQ3FGJ^;N#V$W^W_2H?&,[Y."7;P2Z\6K>X4XIS3U?-W![";_;_
M`*5#XQG?)P2[>"77BU;W"G%.:>KYNX/83?[?]*A\8SODX)=O!+KQ:M[A3BG-
M/5\W<'L)O]O^E0^,9WRXPMKD,1@`-KB,9(@@.`%`K$(H8@!,"$P-B;W`(18[
M"M:^B]PWM?\`!>O!E>8N+FML92X';VIV;*[?@V$'[RB,D+0QSKB(-<*@XV;1
M6FSMMNT$??%%R<$NW@EUXM6]PKWBG-/5\W<'L*'?[?\`2H?&,[Y."7;P2Z\6
MK>X4XIS3U?-W![";_;_I4/C&=\G!+MX)=>+5O<*<4YIZOF[@]A-_M_TJ'QC.
M^3@EV\$NO%JWN%.*<T]7S=P>PF_V_P"E0^,9WR<$NW@EUXM6]PIQ3FGJ^;N#
MV$W^W_2H?&,[Y."7;P2Z\6K>X4XIS3U?-W![";_;_I4/C&=\G!+MX)=>+5O<
M*<4YIZOF[@]A-_M_TJ'QC.^3@EV\$NO%JWN%.*<T]7S=P>PF_P!O^E0^,9WR
M<$NW@EUXM6]PIQ3FGJ^;N#V$W^W_`$J'QC.^3@EV\$NO%JWN%.*<T]7S=P>P
MF_V_Z5#XQG?)P2[>"77BU;W"G%.:>KYNX/83?[?]*A\8SOEQA;7(0QE!;7$1
MA5@7,+"@5W&78RU[EW&"Q.L"P[!OHT_AT5X,KS$N<T6,N(;HPFHKN5^^HC)"
M&M>;B(,=6AQLH:;M#BVTZJY."7;P2Z\6K>X5[Q3FGJ^;N#V%#O\`;_I4/C&=
M\G!+MX)=>+5O<*<4YIZOF[@]A-_M_P!*A\8SODX)=O!+KQ:M[A3BG-/5\W<'
ML)O]O^E0^,9WR<$NW@EUXM6]PIQ3FGJ^;N#V$W^W_2H?&,[Y."7;P2Z\6K>X
M4XIS3U?-W![";_;_`*5#XQG?)P2[>"77BU;W"G%.:>KYNX/83?[?]*A\8SOD
MX)=O!+KQ:M[A3BG-/5\W<'L)O]O^E0^,9WR<$NW@EUXM6]PIQ3FGJ^;N#V$W
M^W_2H?&,[Y."7;P2Z\6K>X4XIS3U?-W![";_`&_Z5#XQG?)P2[>"77BU;W"G
M%.:>KYNX/83?[?\`2H?&,[Y."7;P2Z\6K>X4XIS3U?-W![";_;_I4/C&=\N,
M3:Y!&`H3:XA,-L.Y98D"NPS+%VM<RX`7)UAV!85M.C\&FO#E>8AS6FQEQ'<&
M$U--VGWE$)(2USQ<1%C:5.-E!7<J<6RO47)P2[>"77BU;W"O>*<T]7S=P>PH
M=_M_TJ'QC.^3@EV\$NO%JWN%.*<T]7S=P>PF_P!O^E0^,9WR<$NW@EUXM6]P
MIQ3FGJ^;N#V$W^W_`$J'QC.^3@EV\$NO%JWN%.*<T]7S=P>PF_V_Z5#XQG?)
MP2[>"77BU;W"G%.:>KYNX/83?[?]*A\8SODX)=O!+KQ:M[A3BG-/5\W<'L)O
M]O\`I4/C&=\G!+MX)=>+5O<*<4YIZOF[@]A-_M_TJ'QC.^3@EV\$NO%JWN%.
M*<T]7S=P>PF_V_Z5#XQG?)P2[>"77BU;W"G%.:>KYNX/83?[?]*A\8SODX)=
MO!+KQ:M[A3BG-/5\W<'L)O\`;_I4/C&=\G!+MX)=>+5O<*<4YIZOF[@]A-_M
M_P!*A\8SOEQ'-[BG+$<>W.!!(-&N:<A5%%`M>]@VN,P9(0!M<5[6[-_PWJ&3
M+,PB8Z26RE;&-TEI`'_4J)CXI'!D<\3GGJ![">L#5=2J%1)1%[W?TZ,^=(>.
M#L5OZNQDLQBD3E-=S3-*AU@PQA3MIH0W[(A1T\04)FCL`($FTZ1"O7T/_P",
MW.)[2Z8?I',9JYQE3&B.IVR6M<+#_<FD1^!IBZI*^:O_`"HYM/9?5;-9Y9!3
M)<W>XR4':QW8&*0?<W\5E;U2\3=0!>CM=.+E-*(E$2B)1$HB41*(E$7_T/6?
M:D_F,S9_$F5^-5%?)?G:_B;KO]J7'E"OL;S.?PJYOOV3;>3:KBP?ZNVOX:\^
M-55;3YO?=7+_`+[_`*96,<X'O+<?V,/DFJW*S584E$2B*O9#ES%,1D[-"97D
M['L8F<CL6*/1&0S2-LLG?@FF")*NS,#DY)G5TL8<"X`[@49I%:]K=FU5L.6Y
MC<V\MW;V$TEJSXSVL<YC?G.`('_4JW7.<939W4%C=YI;17LOQ(WR,:]_4[5C
MG!SO^@*L*J)7%81/)8XK812I+(&13&`(E+F*1IW5`<PA;4031K'`3P6>)OLB
M2`('<TW=-S+L`5Q7MHO4UT$[9O-W0O%Q4#"0<53N##NU/4%%(;=6S[?SMEPP
MVN$NQAP+,(W3BK2@H:FM!191,I3+4R=8C4$*TBL@I2E5)C2STRE,>6$TA0G/
M*$,HX@XH=A`&&]PB#>U[7T5+<US7.:YI#@:$'=!^`J:US7M:]C@6$5!&T$'<
M(/5!7/7BB2B)1$HBA3_]+('\+D/B%15CS#]<:?\`GS>2*R#+/U)J7YD'EFJ:
MU?%CZ41*(J[D&7L31-\+C$IRACN-24VR014>D$UC3,^&67BL%#<MI<7-,O'9
M8*^@K07?=+_W=-5L.6YC<PFXM\OGD@%>V:QSF[-W:`1LZNW8K;<9SE%I.+6[
MS6VBNC3M'RL:[;N=J7`[>ILV]16)5$KDL*ADD=<W=ZC[:_,K@_1JS=>1,B%T
M0JW=@L\$G*&B[TVD'F+&JSHG3&#3;N`O=P%B$#6L&][37P31QQ3/A<V&2N%Q
M!`=AV'"=PTJ*TW.JI$=S;2S3V\5PQUQ%AQM#@7,Q`EN)H-6X@"6U`J`:+-5*
M4]*(E$2B)1$HBA4;^DF0_.!G_<V-U8\L_6>H_K$?_K0K(,V_5&EOJLO_`+4Z
MFM7Q8^E$59-6:\-OL@*B;)EK&3S*3U2E"1&FJ>15PD!RU&$X:M&4S)'4YQ,5
M)0)S+F%V+N,%BQ7%:VK?17R95FD,)N9<MG;;@`XC&\-H=PXB*4-10U5KASS)
M;BX%I!G%J^[)(#&RQEY(K480XFHH:BFRA5CGJ"$I)JE4>2F3D`$:<H/,`222
M6"VD9AII@@@+`&W9O>][6M5"&EQ#6@EQ5R<YK&ESW`-&Z3L`7-7BB2B+C--+
M(+,..,`222`9IIIHPEEE%EAN,9A@QWL$``!M>][WO:UK6KT`D@`5)7A(:"YQ
MH`NJV.;<]-S>\,[@B=FAV1)7-J=6Q40O;G)N7D%JD+@WKDIAJ98B6)C0F%&E
MB$686*P@WO:]KU%)&^)[XI6%LC20010@C800=H(.P@[B@BEBGBCFAD:^%[0Y
MKFD%KFD5!!&P@C:"-A"[U0*8E$2B*%,WTUFWP2*?)7.K'8_KS/?F6_T7K(+_
M`-WM/?/N?I1J:U?%CZ41*(L'>3QNTC##KR%CM+A,O.,,5N[(+2,4>W[=MX>"
MQ[XX3NR\(ANGWUN6X;M;4UM;L5.WB?>/.MY?YMBPXZ'#BI7#BW,5-M*UIM4C
MSJV\Y\R\YC\\P8][Q#'@KAQX:XL-=F*E*[*U7]:Y+''Q8]-S*_LCPX1M:%LD
M*!K=4+@L87$95CP-[TE2'G'M:T9`K#L4>$LRX+Z=&BO)()XFQ/EA>UCQ5I((
M#A\+2=T?="175M.^>."X8^2)V%X:X$L=NT<`:M--M#0KM'.[2F<T#(H=&XAY
M=4KBN:V@Y:F*<W)$T#0%NRQ`@&:%4L2M9CHF"H,+`(!%U)5AW#<P&F$12.C?
M*V-QB:0":&@)K0$[@)H:`[M#3<*B=-"V6.!TK1.\$M:2,3@VF(@;I#<3:D;E
M17="QSE+HFS*E"%WD\=:EJ0AC4JT;D]-J%4E329Y,CL;4*$ZI24<21()`2-`
MA&*U@JU@;DE7&9:X:F,MKB5K7QV[W,)<`0TD$M;B<`0/Z+>V=\#=IV*7+>6D
M+W1S74;'@-)#G-!`>[`PD$[`]XP-^4[M14[%(JD*I2B)1$HBA3S]-83\$E?R
M5LJQWWZ\R+YEQ]%BR"P]WM0_/MOI2*:U?%CZ41*(HU*IG#X*V!>YO*XU#68:
MHI"!WE3ZUQYL$M/`:80C"O=U2-*)4<60,0"[#UQ6`*]K:+7J?;VMS=R;U:6\
MDLM*T8TN-/AH`33[JI;N]LK"+?[Z[BA@K3%(]K&U.X*N(%30[/N+EC4KBTT:
MBGV'25@EC&<::22\QIY;GUJ-.(%8)Y13BUJ520PTD5]`PV'>X;_AKR>WN+60
MPW,#XY1_1<TM/6(!45K=VE[$+BRNHYH":!S'![=F[M:2/_ZI!4E5"41*(E$2
MB)1%6V7O5S)_@R/QFAK%]:^Z^<?V8^FU97HCWIRGYS_)O6B%<N+?2416OA'*
MSQA3)\4R*S6&<)C7ALZ-X1Z@7A@66NE>VD=Q?X=A+&\P=BABL*Q1]@&:+W!:
MLOT'J^^T)JO*-36-7&WD_*,K3?(7=K+&>IVS"<)-<+\+J5:%A?.%HNPYP=(9
MUI6_HT7$7Y-]*[U,WMHI!U>U>!B`IB9B96CBOJ6B\E99E'&.61U:6XL4C:T3
MPU+2_P"Z>A7IP*"!"#_>*-"`>J,`M`BQVN$5K"M>U?6S*<TL<\RS+\XRR<29
M?=0MEC<.JQX#A]XT-"#M!J#M"^-^<93?Y#FN8Y+FMN8LQM9GQ2,/4>QQ:?OB
MHJ"-CA0C80L]5P5M2B)1$HB41*(E$2B+_]'UGVI/YC,V?Q)E?C517R7YVOXF
MZ[_:EQY0K[&\SG\*N;[]DVWDVJXL'^KMK^&O/C556T^;WW5R_P"^_P"F5C'.
M![RW']C#Y)JMRLU6%)1$HB\OU,FQ;C\O;(@N>8(Z3*<Y.R5*GMJ@MXL\.D@V
M@,?N\8CJ+%;!CUS2H32W@AF3)P,H+)U0+1US2G*3[I--SQ9\V#,+PZ8N\HO&
MQ6EO`QIDQM#;>0/<972`GM<1./:/RC2&C%N+5CKK*LN&M+#/\O?/?W5U(YL6
M]N<^[A<Q@@9"X`X@T`1;'#>7M<YV#XR@\ZS1/6;:*8DS;()O$2H]M"X:QN]P
MA[FLB<$23&DBC\5;'Q61C=LQWS//@+PZOP]PF3Q(5;@:ZAW!/N&L00&KM,KL
MY<DF<^&*0OLIY6R-8T$RM<\M&^F3&)&ANV!D8:&;37:507^=YA!J2W;'<3PB
M/,;:%T3I7D"%[(VO(A;#O9B<YYI<R3.>9.U;A[5JU\@[Q(&W9Z@T$@DUR_(Y
M^]XSVE&3-6&G]M>P1R+8R)Q=F96POA<;5QM,EBBA'.RXXE95J49:B0@<1A&8
MKU[C*O-W%"_.KN[N[6V99LN+5T$[2W$^7?8`YN(.)>#'OA>T[(\((#:4..V,
MUQ%IRPL+"^O)<Q?:WK;FV>UV".`07)8[`6`1D2[RV)S2#,'D$OK47&]Y#SRR
MS&-Q=K?72(.[&S[+[9A&/*'R>I&R9L+S&8.9D4*S&+!B:1,V1@GO@GEL>%JU
M\1F1A"F*5AWEJ".46R*RR>6UGN)(6R1O==&=V&,ECFNDWNDKIFNB[7`]C6QN
M$KB6]MN"]3YEJ""]MK6*X?#-&RQ;:L+I0V1CF1;]6!EN]LU7;XR1SI6F!C0\
M8*8G6YLK3J?#SV]PZ63B=Y-4*VS):AZ=BI')`1^/*6:8M=F<G)N&IQCMI484
MEF\UPTC,5'GX]J=D@#C1)3;`+4%6W4-I9C)XKJWM(8&AT0:,+<3@YAQ;U-'(
M=_945>9(P]AH,0J6F\:3O\P.H)[*[O[BZ<6SESL;\#"V1N$3VTL+3;24.&,0
MRF.1N(EAH'#T\K`EM)*(E$4*?_I9`_A<A\0J*L>8?KC3_P`^;R16099^I-2_
M,@\LU36KXL?2B)1%YOR*5X@ANTAM5DYJCXGIGF$'P<E9&4_&T@GPY@E11N;)
M'ME8VQHCCY=W5FFKR"!)2[7&88:`.CL]C.(+?,KK(]/'*IL$L4LY<[?6QX"7
M1EKG$N;0;":_`"M:7-WDUEJ;5@SRVWR&:"U#6F%\N^`,E#FM:UCL1V@81M)(
M6I;?*-I_'+'CW'SF\/\``IG$<4[/*#"D9<I'/2P/K@X&!M*(Z]06-8QGB#+[
MXVA++87TE:^)[L;<E"O*WJ(PU8+(WV^07TU[>QQ,FM9;BY,[@V/M0/B.;(Z6
M,PM/]9&6QG?''`<5`U8A'=ZJRV#+LNEFDM[V&TLQ;,+Y>W)^.QT3()1<.;LB
ME#I1O3&B08*EYFJU'D#$ZG*BMN>)FV0B>[;LZ0Y2F+W-9/!!(H@T8E)<X8I5
M9&B^/YE(H;%WR8#(2*7=,E`$8TJ1#=4G)/.$*E:ZSS%N7M?%$Z[ARJ,Q,:QL
ME7NFH\")\C&O>UE2&$]5S\+B`JY[,QRAV;/BFG;8W&>RB>1TKXJ1MMPZ,F9D
M,CXV.DHTR-;M+61XVASJ]<B1;2\LQWEU_=\G9:3+\;[%BG*>+5$0*?(X"4Y!
M9<D[2PH,\OB9TA,9>98]+H7#H\0N1'H$R1]3GEJCT`1'IPD^F'(K:]RV&*PM
MBR?-!%*'X78(W16N^-:1(YK&A[Y"UP<3&06A^PUA;<ZGN\NSBXFS2\$EMDAG
M@,>)F^3-FO=Z<X.B8Z1QBCA#FEK6R@A[HZN;AL!1DO+S-M+#)!+)G/'A]D38
MFCN.&:1R:(#CS>YXN1+BT<IP_(,>.D#EF'T;[NBM7-&=[;W=,I%O<1@C"QIQ
M48L,MER($VT4,3&$NE<UC\1$I%63-D$C)BW8('QN81VU*$.5P=F><0ZG(%Y/
M<3R2-#(6O?'@#H`:26[X7126X?5SKF.5DC7=K6H+5)]BK(>7I?/FTF42UX?$
MB["I+_F*/2%[G$E<(KF8UZ8P%D'IY!B;'S#B!\N!2[)U,.;U*M*!,G)4%!"`
MFQZRGU399;;6;S;VS6.%UAA<UL;0^#"[JMFD=,W8PB9P!J2#M-&U>A\QSF\S
M",7=X^1CK$/N&/=*\QW.)FPA]O"RW=MD#K9CG-``<``,3_4"L!6TTHB410J-
M_23(?G`S_N;&ZL>6?K/4?UB/_P!:%9!FWZHTM]5E_P#:G4UJ^+'THB\2MG&2
M-D9BRUE!+8RW9(;?:'4-<*MLL3%'D1*]B<<GNC"83G`XP;,)6'="%I1V]M4Y
M/JI`_C"L*MJYW`^>X9*;:1UB[S8%_G;#&6TB#OR'QJ;K2*[#VRT;IJYCM;62
M`7D3<R;YX6Q>8R"8.Q3N92Z^+7<<#3:.TZM5_<M1O,[]@:>1A;,<VS0>2?Z=
M(,G2AL<U*QS,59A9QQVQ[>SMQ#.`+"-^;794G<&5"`@M84580B=WL,T3+I\K
MAS>SN&6UK$(,[WIA``I"[%M<<7;82`6O=4M)W:4"9O;9W<:?S"U?>WTYNM-[
M_(UQ+JW#<%0T!O:8VN<'Q-`#@*X<529C.LI9>)RH)I@\_DX4J)?@,C9W.D,C
MR+8>4H=(DL64SAT?,=-6''5OR:H=74UW;WI>X.[>=&41!:RP4.J(T^EM,ORT
MY?OEW9QXB+CSG"V/\D]I>(PV0S`Q`#`YC6L<)7$M[?<%;?YKG+<V,-AF$N!K
MK06>-\WY>-XC,KG0MMG"<N=OC)7OD88&@/\`R=*NQ9,CR)'XOLV2C*F>\ZLB
M;-^T+DV.Y-&2X*4'-V!0=@V@%$686)M;&$:^)L*RS*W'/+P"UE@$I>_;JTQ:
M8HPB88+*:XSRWR_)[1[K2RB=%L!Q22.MP]SB74>X8G!C/BU.#"XN(,H7.8VU
MKIFZS;4%_&R^S&=D]"1@BB9=F-C`UE8V'"PR2?&PC'C:&@MSF.77,N49Q'V$
M.5LU]##)$MIZ6PF3!W1J=LM1J!Y'Q$WXHM+WM7'4;DX(C>'W4I,?:Q"N0-""
MPS3%!"D\1LJ]CRO+[2:;BZUXT?):LD;NB%TD4QFP-#B`>U82-HC>Z@#2T4GY
M;+G>:W]O;C-K[B2.&^DB?\5UPR*:W$&^.+`XCMY`T['2QLJ2YKG5A2?(N6XR
MDV779YFV1%BM;L];*BL.)XL[R+&<W/E;HVHB)H9$XF?C25XKS@<\JC+%OK0Y
MB;5D>2%7&48EL(HVJIUEET[L_CBM(`T7MV-^>&RQX`3@QOWUDL&$;8WMQ-D)
MH0[:%1-S+-[5NE9I[ZY<]V76!\WC<^"4R.:!)O<9@D@NL1V2QOP.A:*@LJ"K
M:PGDK.C]M&,#9(Y&X)7Y9D3.;;EO'*]_G3TWM&/&!9*R,<JT4&/Q.S0W&+:E
M+0L@V9](?U8Y20J,W4:HX\8D=MS6QRB'))I((&F$0P&&4-C:3(X,WT&3?G/E
M)J_'&8QO1`H&@#%=\CS//KC4EO%<W+A<&YNFW$)?*X-A89!"1$;=L<#12+>Y
M1*XSAQJ7N<2SU6K7JVRE$4*9OIK-O@D4^2N=6.Q_7F>_,M_HO607_N]I[Y]S
M]*-36KXL?2B)1%Y);4A,HQUMBG;4L=BLGDML%X*P6%_:8ZW*UJR6XZFV3-HV
M)9(C;02`NZ=P=V2[RRR#<@WN:6%J!^`)OXVQ]/FWO=,C3\]Q''YW=SX2X@!D
MC(K9\3G=4-=A?'7<.,_`M0:K%UENLSJNVM)9?,+"UQM8"3)#+/>1S,;U"YN*
M.:FZ-['4.VH<7Q;)N%%TZ33AYG,&9<D9UQ%+]J/),43.A;RSF9`P-+L@RFR!
M_3-;BK8(L'-Z]K8%KND$2-L0"L7NA`1B,*N687%AFK+1UI%%++!:3,M8GD87
M;W<,C95I(#G[P'R-8:XG;:&@!L^56F:9&^_9?SSP07-_;R7TT8=B;OUI),^C
M@UQ9'YT61.D;0L9LJVI(D"V0+7?)6S[(<K9*S%'L3M8MN".1/,)9#_%Y0^XS
M"^8'40$^:R]MC*!UCC:XJFI6!M=AA0'OA#6CN(]19:993)9"V.QSF'+K&V?F
M+O,7/A[5[&RX;C?,#"XAQ`+<3.V$9>[8W",-1)</FS/3MSFV9WL>4,XS9'<4
M>Q[H,5J8C+(U@<QI+7!DG:&4,95SL9Q8U4_9GGT-5"FA$R?RE$2V'W5C<GN*
M";GV0M+?_4=G1+%*WHE*PM)Y3\\8>8F%W<TXB2;)0G7.&25KC$*-L.5V=TWS
M4Q,(EO@X-?5K2<MCQ,;5Q[5LSI&--36E`30*4^XSS,+)_GK9Y`8<L<TNCHY[
M1G,H9(ZC&G&ZW;%(\4&&N(M%2KGPGDK.C]M&,#9(Y&X)7Y9D3.;;EO'*]_G3
MTWM&/&!9*R,<JT4&/Q.S0W&+:E+0L@V9](?U8Y20J,W4:HX\8D=KS6QRB'))
MI((&F$0P&&4-C:3(X,WT&3?G/E)J_'&8QO1`H&@#%>\CS//KC4EO%<W+A<&Y
MNFW$)?*X-A89!"1$;=L<#12+>Y1*XSAQJ7N<2SU6K7JVRE$2B*%//TUA/P25
M_)6RK'??KS(OF7'T6+(+#W>U#\^V^E(IK5\6/I1$HBTVVR6.4R!NV>4</2-*
MEZ)VG(`K+,D3"XR2-H22HM/@&+I$U-:YL5G-)0C0A'>RDBUAC#I';3HOD^F)
MK>%^=.N7.$1L)!VK@UQ[>/8TD$5_Z'[RPK6L%W<1Z<99,89QFD1[=A>P?DYM
MKVM+26__`.AMIM5'S''4RP@Z(Y%,\BFQ6$YUS84];0$JP;$W3'<?@S#',/+(
M]!VT@].MFLAB33*I5'6\+])]^)#[FF$I]U2$CW2KM;7MKFL;H+6RWR[M+7#;
MLG>)'2.=,'2$[&->6,<[>XL)%`31Q%%8KW+;W(I67-[F1AL;^^Q7<EK&Z%D3
M&6Q9$T$&5\;9)&,WV?$TU+6U8#55BZ3;:C,CV."HS+<IK8]FN392V>85-W2/
MC2R*/,BG,\>58@SY(D!L?9S$3H3A-')Q[\5)4]G0"1O/&#=5`KWKX[73XFOC
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M@$4M-(+`98FUMSMN46%A?^8V$'G+[K>ZNH\Q@P1N>(PU[VC\J783B=@VM!-*
MJ\:;=G^9YIE7&>:7(LXK'?0&XF-F<+J5L9E+HXW.K"&XAA9ONQY:`<*]0:P%
M;42B)1%6V7O5S)_@R/QFAK%]:^Z^<?V8^FU97HCWIRGYS_)O6B%<N+?2413C
M&L`?<I3R+8_C9(C7>4NZ9L),W,9I2).,5S%[HJ"#0/>+2WEFJ3[V[-B2A7MV
M:O\`I;3F8:MU#E.G,K96]NYFL!H2&@[7R.IMP1L#GO\`@:TK'=6ZFRW1NF\Y
MU/FSZ6-G`Z0BH!>X;&1MKLQRO+8V?"YP7U30.%,6.8;&X-&4]TK'%VE*TMY8
MKZQHRTP-!BI2/L;JK6GB&<</_P#<TP0O[:^N>GLBR_3.297D&51X+"TA;&P=
M4AHVN<>JYQJYQZKB3U5\9M2:@S+56?9MJ/-Y<>8WD[I7GJ`N.QK1U&L;1K1U
M&@#J*6U>59$HB41*(E$2B)1$HB__TO6?:D_F,S9_$F5^-5%?)?G:_B;KO]J7
M'E"OL;S.?PJYOOV3;>3:KBP?ZNVOX:\^-55;3YO?=7+_`+[_`*96,<X'O+<?
MV,/DFJW*S584E$2B)1$HB41*(E$2B)1$HBA3_P#2R!_"Y#XA458\P_7&G_GS
M>2*R#+/U)J7YD'EFKK2+(C/&W14TJ&N4NJEN9T+^Z\VXTZR*[6T.2IV2(U9Z
M9I(5."H9YK$KU"$I*A2.Q%[!+O<0+"RB"REGC;()(VM<XM&)P;4@`D`F@'QA
MM)`V[NZL/N<RAM970NBE>YK`]V!CGX6DN`)#02:X7;&@NV;FY62-TA9G5.:L
M0N"50A*3IEH5P#RKHE+<L;DCJF=$JFP[E*&PY&L"()X;[G>]A6T_BWJ0^&6-
MP:]A#ZD4ZH()!!'4-1N;JJ8[B&5I?'(#&`#6NP@@.#@=PMH=W<7?&N1%EGFF
M+$I928X*=28-02$M.>/<M0@\8AV"4</=P:`BT"OKA['9M4`8\D`--2*C8IAD
M8`XEXH#0[=P_`>N.NNBCD+$X'NJ9$[MZD]C=BF%W**5%"$WO1Z-O<"6M3^-H
M`N,1NB<=B_[U]U#;\/8J-T,S!&YT9`>W$-FZVI%1]RH/64MES!(Z9K)FET;\
M#MNXX@$-/W:.!I]U?Q=(&AO<6AI4JP6<7MQX+0)2])IMU=V9\?P64!+UKI"3
M6R-K!@,,U0#$3<-KW%>UJ,AD>R21K>T8VI/W,36[/AVN;N?"C[B&.2&%S_RC
MW80/NX7/V_!VK'4)V&E-U80J?QT^1VC!0G4:X3FI8P+0L+S=C,?$308_+&<#
M[O'@NZQ,TDC-%?==RUP#)L.YX!E!FFSG$'G!PX,(=3$W%A)PAV&M:$[-RNX:
M4(*D-S"V=<^:@OWS$6UP.PX@W&6XZ8:ANW=INMKB!`E%W%OL`@RZY'8M2,)2
M8RZHBP%!@SRTH2R!7'JFC$I.`7:P=-[F"L'\-[6J1@?4C`:C=V?]?P;55[Y&
M`TF1M#N;1MVTV?\`4T^_L6/(D\=4HWMP)?&L2"-*W)!(5UUI!:-D5LQ5CW8A
MT4F#`2B$VDBL,_=!!L6'LBO:U1FWG:Z)AB=CD`+13:X.W*#JUZE-U2FW5LYD
M\C9V;W$7!YJ*-+=K@X[@PC=KN)&9,PS)@:I3%W-,]1Y\2`7L[LCN,2-Q0FWO
MN*M*,8`7-3'V#K%CM;5&&]A!O<-[7NG@FM9I+>XC+)F&C@=T'X#]U+6ZM[VW
MBN[24/MI!5KAN$?"/N'J'JJ'F9AQ\5OVPG9Q$8C6#0%$E1:6GJ'M22^%QQ3:
M))B6(Q1-"43R<`E0:T!6E)]T`,P02Q!%>I&67IP_DVT(K\=E&C#B&,XNTJW:
M`_"3N#:J,YSEPQUF=4.H!O<A+CBP'>P&UEHZ@)CQ`5!)`-5VD.58(Y.;*TH7
MD]0K?TC>L;C`,<@LW!X63N*EN0N3P-J"T,;VK*:3]5O6GIU^L"P;DV$(%A0O
MRZ\CCED?$`UA(/;-KLH"0VM7-%1VS06_=W5%'FV7RRP0QSDOD`([5^'M@2T.
M=APM<<)[1Q#]E*5(66BDXC<U(.41U4M4DDD(%=A+F-^8KJ6]T*-.;'5O`_-C
M8-T9G(!!F]UB:QJ4ZY8[`,O<`K6EW%I/:D-G:`22-CFNH1N@X2:.&RK30BHJ
M-JG6E];7S7.MGN(`!VM>VH=\5PQM;B:ZAHX5::&AV%=>-_23(?G`S_N;&ZQK
M+/UGJ/ZQ'_ZT*RS-OU1I;ZK+_P"U.IK5\6/I1$HB41*(HP]PR,R-[ATC>FDE
M>]X_=W)^AZ\PY468R.[O&GJ(.*T@L@\H@\:J-R):EN$X)@+`/N(-K#L$0:B*
MZG@BNH(I"(IFAKQL[8!S7@?]'-:=E-SX%2SV5K<SV5S/"'3V[W/C.WM7.8Z-
MQ%#0U8]S=M1M^&A4GJG54E$2B)1$HBA3-]-9M\$BGR5SJQV/Z\SWYEO]%ZR"
M_P#=[3WS[GZ4:FM7Q8^E$6M,^S9/67+M\0X[Q4TSQU28Q1Y0='%[R07!$R=M
M72=XC!+:C+'#I,%8MNI:+F:QAJ<JP1VM>]M%[U?;/*K.7+>,KW,70QFX,0#8
MM\)(:U]3V[:"AZ@)6,9AGF809QQ/EN4LN)1:B=SG3;T`TO<P-'Y-]35M=I`V
MJ'8RVT\;9`:Y+)G5*I@,/C6+\*9)5/DD6ISSAFYH?,A1INBH&YH*6[Z>6^00
M&Z,C>9RSA4]<4%,&][AW2JO]+7UE)!!&X37,EQ/$&M!_^AL;B^II1I;)4X@W
M`&G%]RBRO6^69C%=74K#;V<5K;3%SR"?\RZ9C8Z-K5P?%A&$NWPN`:-RN7?M
MM#!+(XXI1@D2QS396F$LA*-<D9'HDR+/4-C3Q(7A-+V5<W)9"R+"CFPI%=(:
MDLL`<M),&4%/KG!E0Z7S>5F8N,`:ZWB8\@N;V[7N:UI8X$M<-I=4'#1I`.*@
M4ZXUMD$$F4L%RY[+N:2($-<-[=&QSW"1I`>TU:&X2W%5P)&&I&$QQMO8@F./
MR\CR=R20-E?)M/(W"&U0H=I%)Y(PP%42E=I:JCK/'>$FE$E".ZE=<L"Q$UHS
M"3%2P`C!%ESK[2F96MX;&",S2LBC=(11K&ND%0P.<ZA)W&_%<\U#6FE3(RS7
M637N7#,KJ46\$D\K(FDN>][(B`Z0L:S$T#==3$V-I:7O%:"QGO:OV=(\Y6:7
M3+<3"LO$;S\6\3U3PD*@_-Q5+2Y>H<6=(O;DT:41]$-02M,-"G/T@++&(TPL
M`J&+3N=S,WR/+9,.^;WMHT[YB#,`#B"7!QH6@5&TD4!*N4^K=-VTN\RYQ#CW
MG?=A+AO6`R;X7-!:&%@)#B:'8`22`>@DVO\`9N7.:=F3Y49KNBB2,D4$B-;9
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M0C="8/#9/+S6PI0%*8XEQID7/0T):H11X4PU845R[&7`.P+BTZM]&BJJQMC>
MWMI9A^$RRL97=IB<&UIU:5JJ+,KP9=EU_F#H\8@@?)AK2N!I=2NVE:4K0T6D
M,C_J&0]@V8,=;108"]+7;(,P%`P8I"\IR)''Y.SKI`1-T;PNNV&B3IX:WQ9:
MK/-&C+L838GL`L>7>LK@T7<S9_>Y)YXT1PQ;YOV'M7,<&[V6BNW&7M`&+8:[
MM"L%N><:SM]*Y;J3B][IKB;>MXQ`/8]I>)0XX=@C$;G$EHJ,.YB"VP5Y^PVA
MGX,7J\@,1$X$[(H\)H&-5N">3.;>6[-<46O84UV!!+75L.+4)&HY46X*23`"
M*)'88;WQUN3YF^S.8-LWFTPEV+9M:#0O#:XBP'87@800:G8LN?J')8\P&5/S
M&,7V,,P[:![AB;&74P"1S2"V,N#W`@AIJ%5+EMGX5)R!$X0RR1ND"9Z.RE>0
MRA,>N2,D8;L315WDDG>$BM0T[PF+4A/93D*E0UJ3B$:H-P&#W2VYWN$>E\U-
MG<7<L#F.:(L+#0N>9GM:QI`-6$X@X!X!<-H%-JM$NMLC;F-I8P739&O,^-X)
M#6"WC<][@2VDC06EKBPD-=L)KL4SREM&P?',?3.J)0EE;NM,PZN21Q"OWBM4
M1+,F68KB9EEY9YJ-27P8E<I-<_5U=<ZR81=M2XK#M2Y?DEW?3.C<TQQC?@7$
M5&.&%\SF;HVD-I]RM=NXJ[-=2V&6V[9F.$TSO-R&`T)CN;B.W;)6A[4.?7X3
MAILK59GVB\(AD<EBIN1X^E=X@CE*Y^NN&K0-"8B"D[XG($DC6I2(Z[K(.585
MWI,C5*%#3J#LK`3<`K6E\29KO$%P+%YBE+`VE"3OG]75H.("3^@7`!^S"353
MO:3(O.;JT.9QB:%LA?6H:!%MEH\@,<8O_L#7$QT.,"A69QKFC&>7K/=L?2<M
M\41P379];CVQ[87AK)?$QJUB7*V21MK0[EM;ZD3F&(5>X;U6`*,N28/4'HE7
MV5W^6[UY[;X&OKA-6N:<)HX!S215I(Q"M6U%0*A3\LSO*\XW_BZZ$CHL.(%K
MF.;B%6DM>UKL+@"6NIA=0X2:%6C5O5U2B*MLO>KF3_!D?C-#6+ZU]U\X_LQ]
M-JRO1'O3E/SG^3>M$*Y<6^DHB]I/Z9>"^#65YSP_)="Q_LKC$&+.*[)+,D4A
M!('PD0M-M+BY)MY%"M8(P`2GV[(3:[F_XK<W_FMC?<X68Q?E[G%!:@C<B:[\
MM*/GO;O33L($<FZ'K@+_`)=<XWG>86'-MELWY"VPW%V0=V5S:PPGYD;M]<-H
M)DCW"Q>L]=BKB9*(E$2B)1$HB41*(E$7_]/UGVI/YC,V?Q)E?C517R7YVOXF
MZ[_:EQY0K[&\SG\*N;[]DVWDVJXL'^KMK^&O/C556T^;WW5R_P"^_P"F5C'.
M![RW']C#Y)JMRLU6%)1$HB41*(E$2B)1$HB41*(H4_\`TL@?PN0^(5%6/,/U
MQI_Y\WDBL@RS]2:E^9!Y9JP;XR3I++GF10XN)'<X8E&XX-3)7!X)X`61MSF2
M].Z`96MJ/YSIC^=UKC2W<6D5][:MC[;KKE99%+:.MHH+DR#!(YU&AO;!P8*8
MB>T/:;N%^[N;*'"IX+]EY/<V8A.^0L95Y<,!8Z0AV%K3C!WSXN./XM,6VHK)
M/L]'H#&9.AD9-FQ.YQUMD`%"(8SI#CUCAF+VI5'U1)9A:82YZD.)T8#A&;HF
M"SN*\FQ=S#K"M7NSH/$KGP'?"UQ;0_%D<^4APZM&MF=2E#C:PUH%:VZ==&86
MLN1O0<QKZCX\+8X&EA&Y5S[=H-:C>WR-I5RCB+9M=&UM4)M\,+XK2CCA:14[
M.3V2N?C6-)+B3)([K"T"QG1O"A5+C#MZ+6F1)3+V56.&9=<$2&>_/(Y'M=A>
MQIQ5`#:-Q%G:@5#BVC*5:^,_%H!@[>FCTS+%$YN*.1X+*%SG5?A$@QN-"T.)
MD)PNCF:>WJ3O@,?]>=G!\=$Z\@YQC*K?6Z%C*"0J9F9T5O&-\;P9WD;FQ(4"
M@)*MK4P=2<F1$J=*I&Z')M^H[W$;?R+/(HW,(9(*?><X!LLL@:'$C81(`7$;
M',#L+MQ)]-3S-D:Z6(U^X6M<70PQ.>Y@!VM,3BUH=VS7N;C9NJP6G$3BW36-
MOHP1,]+&9?,Y2&3F)%AT^?29HTR5$-B<%YQ=PIT3$:\D%!&)2KNN3(TUKA37
M36"=1R9DQ]K/"#('21,9@J-[;@+3B`ZI=A)W!A+G?&Q;+C#D\D5];7!$);%-
M))CH=]<)6O&$GJ!I<!\9V)K6_%P]MU9-A^1R1UEF]WY%%DLG12]&JDD862)N
M='1))H>[1AN1R2&)EJ:*/#S%%:U*K2OXCK.`RF\E+8HFUS#Q^P9G!!';UA,C
MHRPAK@T@%KP\EKR"]K7@$&.F&KBZIV`0W637-S+=X;AL396R`O87M<X/C<P!
M\8(C<Z,EKFRUQD,:RC=KC!4V"G]L?6>Y49QV](5#5E(*Y))RE\@8F(V4I\.1
M]OW,XU(@&YK#6Z'K%(TY#:V$*$]QH[G$#N-<HK'9O#)#+6>=CPZ*A91KG8#,
MX]4T%7@5+G$&CJ$=H+>S(+B*>&EK;/C+)ZB2KVLWP6[!U!B-(W.(#&`BK,33
M61U\8Q@ZG'[8],IRDEQ(4OQCJF>1G"->7JZIK:R%;E)`[Q2E6?#UJ0RYI@##
M[*+:#+B!<5RP6B_NVWDD4H:6D,H6_P!%M":!NT]K0[!LIN;=TW_*[!V713P.
M>'-,F(.KVSJM:"7[!VQ(-34UW=E:#+0]D<XLU,<=,WJL1I$;T8M<BS!E#`M-
M=B%3:G)2C#<1A)Z5:IN8.][:@B`VT7U^Q*N98[B26<5#B6T'W*4)K]\"GW_N
M*=902VD,%L:.8&NJ[[N($`#[H)J>I0?"JM28^R`<[AESV3%G"<,CYPRP/)\L
M?EK8J0B)?V@^)D,(8<VIH*S&QV2*"PGIANJL:LM.>MNX"3AN*X.O;,1^;1&1
MMH]F%S<#00>U.,NQDR.Q-&PX!3$&8*JU,R[,3,+R<1.OF28F.,CRTBCVF,,W
MMHB;@>15I>[$&N?OA:%U$&%'U.C<8VK?&M1')E,4F2YXM3$K$;X.:%.*9[<$
MD<(%94B3,#D\M3>84(TS=T1"0TJ]E(E034L3\UA<YD[8G">*(Q1@T+<%"T%V
MX2X-+JT%'$@]KAHZ&/))VLDMGSL-M/,)I2*AV^5#B&#:`QSFL(J:M#2.V+ZL
ME>&\:NF-6H34M6MIB9.Q16/D)V@;D8G=%D92+DKA/76[F,9Q<JFV^RA+P7$I
M$"R,JPU:H6DRU/F=]'?2;XQKL1>]U338'$$1BG]!E#AW/C&C6[BJLERR7+(=
MY>]N$1QL`;BHXL!!E=BV[Y+48QVWQ15[SM4RC?TDR'YP,_[FQNL/RS]9ZC^L
M1_\`K0K.\V_5&EOJLO\`[4ZFM7Q8^E$2B)1$HB41*(E$2B)1$HBA3-]-9M\$
MBGR5SJQV/Z\SWYEO]%ZR"_\`=[3WS[GZ4:FM7Q8^E$6K<ZV7(-E'.U\J9)CL
M1G$<(Q$VX[;HQ(V<+F8C=DLQ>Y&K>`W4V&CNE5H74*>X-%Q7N"^G\6]9!::@
MN\ORCB^QGDBG-R9"]KJ5!8UH;LVU!%5BE_I2PS7/^-LSMH9[86;80Q[<5'"1
MSR[;LH0ZE/N*"9#V8)FJ?\EO^)Y/'H0DE$=V88Y'XHWB?H4@(C^`Y;D5[>HE
M:1PC>KY"&F3LTV)1I%C($*MNLFOJ!U!:*J[+/[5L-A#F-N^5T;[ISGG"\XKA
MD;6OPR5;(6.87%LFQU=JH,QTK>ON,TN,HNHX&2QV+&1C'$`RTDF<Z/'%1T37
MME#6NB[9F'8**$X\V2,J0EUB<BYSP"[I$MJ689X3(QJ9](DB^,9'PVXXJDT<
M7/<D7*I.JE#+9\4'IG)2I56<C20G'@3W.$055WNH\ONH[B#S>;>Y,O9;DTC:
M0^*82M<&M`8&.P@%H`P@T!-*FARW1^;6,UI<^=6^^PYK)=`5E>#'-;&!["YY
M+S(W$2U[G.QD!S@VI:)%#]F7+&)08WD>-Y3CQWFL0B68<?O*"<(I,5%G!@RC
ME4&4&YZ:5;&<-T;WB,+TA)2A*(@1+N3<1=STHBR3PR+G/LNS$WT%];S-M99(
M9&F,MQAT4.]%I#MA:\$D&M6';1U2%4V6E\WR@99<Y9=VS[Z&&XB<)0_>RR>X
MW\.:6]L',(`+:4D&S$R@<HDS["+E',-9_P`4MDY:5JG+V`L=X<:Y(N9E*4Q`
MX0V+RYF<'AQ1$*%8B&9<Z2D1Z1"0<99&0'<K"%HL*]3+JZ.?-,FS&2T<&VUY
M),6AP-0]['!H-!VP#*%Q`Q':J.'0,MMDNH<HBOV.=>9?#;->6D4,;)&EQ`)H
MTNDJUH)PC94JP<R;*+[DP>T`)ME+(T!S&Z;+C@VA4H%AG`P,`3UMESL6NW"]
MK*!/R-!N"6Y?8*%>UQ_BVJBRS44-@,F#[=[O-6W8-".V\XC+!3YI-3\/45QS
MK25QFAU"8KJ-GGK[$MJ#VOFDHD=6F[C`HVFYU5S8EV<<BXYS.OF":31R,8[/
M<L@NSK$8,^9$X"R$LE[H<X,:MUQ;)G9SQ]C-YC8E1ARQ?'1:[VL_',+3EC$5
M7F8YW97V5LMG0/DO0V,!\C8\488*.`E:!)*UU*-;)\1NP%QVJ+)]-9EEN=R7
MC;J*++2Z9SHXG38)C(XEI=`]SH8',J2Y\.V5VTAH)"W9K%5G"410IY^FL)^"
M2OY*V58[[]>9%\RX^BQ9!8>[VH?GVWTI%-:OBQ]*(H'E.(*<@XQR/`D:PAO5
MS>!R^()5ZDLPU,A4R6/.+,0L4%%:#3"$QJVPQA#^-<(;VMV:K,ON6V5_8WCF
MES8IF/(&Z0UP=0??HK?FUF[,<JS++V/#7SV\D8)W`7L+03]P5JO/1[_IYO#D
M?D$M/D-L`PR''+>V0V+J&M4)IB&5GQHQC'<IY`+N7??!@)8S8I1V(*M>]R#G
M)Q'HM=2.XLSBUI%&+(NLG;\R<E[P15\+3*Z*/X.T=,ZIZH:P?T0M=3\W,TIS
M$-S)OF\EL&QQEIPQSO;`R>;X?RC8&T'4+Y#_`$BKE=]F;(JY[DL432R%EX<F
M&T7%-HYV6G-T@OE%N=8Q+X;D0V$MAQ2X+&:B=9E"B+%N]S2%"!I/&E`D-&`L
M^ULCSZR9%!<.MI>,XK)]L!5N]$.8^/&=F*H8\U90ASP'%P!(5ZFTOF4D]U:-
MNX!DLV91WCB0_?PYDD<V]--<-'21"DE061DL#"0'*LT&Q?E54R8NQK()OCLC
M&F&()FW&D4=65FD1\ZD;!E/'C[CYB>9`4Y*0M+0[QIM<B;K2"#UA;JH`-1NR
M>]PD6KWZHR]LN87\-I.;^ZF@E>'.;O;712-D<UM!4M<0<)(:6#M:.W5:X]$Y
ML^#*LKN+ZV&5V5O<PQN:UYE>R>%\+7/Q'"US&N&(`N$A!=5OQ5VE.R+F68V0
MJYW+L9MJUHQ_LV8\;DD32RA:C-38$S]%LP.#ZK6/!:10%3+FY@&F*2`)N!`<
M,%KG*`V$9>%NI,KM<3;2VG<QTUS(2\L!K<6[X0T!M=C"ZI->V'4;N*-^CLZO
M<#\PO+5KV6]E"!&)"*6EVRX+B74-9&L+0VG:$CMG#:OXQ;$$F0/X6UVD$0?X
M''7?/$AB"F5.F6YJN4+,SHITA2,[UC%ZG*?%[4VQU)D%:G=%#>#=I*E#N9A:
M*ZA2,Q-JN!\...&5EX]MNUX8(6"D!C)<V5L9E)<8VE@=LB.T%U&@+?0MU'<;
MU-<0R6$;[I\9D=<2DFY$H#70.E$#6L$S@\L%9V["&8G$WELQX2R-AXV5@E<G
M1!BSDUQ)LBF-&&9Y&GT5B*UBX=N_R!@>,J+%\DCR25V<TA8&!*9=K:BD`;$C
M-N9>X;3GV:V.9BW-O;GSAKGE\KF11O>'8<+7-B`:XLH?RA[=Y=M`HK[I?(\R
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M=-!M.Z34G:5\:LWS6_SW-,QSG-)S+F-U,^61Q_I/>XN<?N"IV#<`H!L"SE5Z
MMR41*(E$2B)1$HB41*(O_]3UGVI/YC,V?Q)E?C517R7YVOXFZ[_:EQY0K[&\
MSG\*N;[]DVWDVJ&QG*TLB;02R-5F@2).:I.+NK0GG'ZRH\Q0981@%Q(16L,R
M^C\6W8JCRC7F;Y+80Y=:0PF!E:8@2=IJ=PCJE91FNE<DSF\=?7K)_."UK3AD
M`':M#1L+#U!\*S_3U/?<Q_BQ5RE5SZ4M0>`M^Y=WRMWL!IKY%UXUO!IT]3WW
M,?XL5<I4Z4M0>`M^Y=WR>P&FOD77C6\&G3U/?<Q_BQ5RE3I2U!X"W[EW?)[`
M::^1=>-;P:=/4]]S'^+%7*5.E+4'@+?N7=\GL!IKY%UXUO!IT]3WW,?XL5<I
M4Z4M0>`M^Y=WR>P&FOD77C6\&G3U/?<Q_BQ5RE3I2U!X"W[EW?)[`::^1=>-
M;P:=/4]]S'^+%7*5.E+4'@+?N7=\GL!IKY%UXUO!IT]3WW,?XL5<I4Z4M0>`
MM^Y=WR>P&FOD77C6\&G3U/?<Q_BQ5RE3I2U!X"W[EW?)[`::^1=>-;P:=/4]
M]S'^+%7*5.E+4'@+?N7=\GL!IKY%UXUO!IT]3WW,?XL5<I4Z4M0>`M^Y=WR>
MP&FOD77C6\&L:KS+,UB]J<C;,EE#.8L,26`W*+%W$M2C1G;L&[A>X[6*'?5T
M7MHO_P`:I9N<?.YKBTN7P0;Y"7%M&FG;-PFO;;=AV;FU5<.C<@@MKVT9'<;U
M.&AU9&U[1P<*?D]FT;=W8LET]3WW,?XL5<I55=*6H/`6_<N[Y4GL!IKY%UXU
MO!IT]3WW,?XL5<I4Z4M0>`M^Y=WR>P&FOD77C6\&G3U/?<Q_BQ5RE3I2U!X"
MW[EW?)[`::^1=>-;P:=/4]]S'^+%7*5.E+4'@+?N7=\GL!IKY%UXUO!IT]3W
MW,?XL5<I4Z4M0>`M^Y=WR>P&FOD77C6\&G3U/?<Q_BQ5RE3I2U!X"W[EW?)[
M`::^1=>-;P:=/4]]S'^+%7*5.E+4'@+?N7=\GL!IKY%UXUO!IT]3WW,?XL5<
MI4Z4M0>`M^Y=WR>P&FOD77C6\&G3U/?<Q_BQ5RE3I2U!X"W[EW?)[`::^1=>
M-;P:=/4]]S'^+%7*5.E+4'@+?N7=\GL!IKY%UXUO!IT]3WW,?XL5<I4Z4M0>
M`M^Y=WR>P&FOD77C6\&G3U/?<Q_BQ5RE3I2U!X"W[EW?)[`::^1=>-;P:QJ/
M,LS0K7=<39DN<]*TZU98;<H$78Y,W(VLNQ(;.`;@!=,A!IM>XM(M-_[=%J6#
MG'SNWGO+AD$&.=X<ZK32K6-8*=ML&%H^';55=QHW(+FWL;:2.XWNW8YC:2-K
M1SW2&OY/:<3S\&RBR73U/?<Q_BQ5RE55TI:@\!;]R[OE2>P&FOD77C6\&G3U
M/?<Q_BQ5RE3I2U!X"W[EW?)[`::^1=>-;P:=/4]]S'^+%7*5.E+4'@+?N7=\
MGL!IKY%UXUO!IT]3WW,?XL5<I4Z4M0>`M^Y=WR>P&FOD77C6\&G3U/?<Q_BQ
M5RE3I2U!X"W[EW?)[`::^1=>-;P:=/4]]S'^+%7*5.E+4'@+?N7=\GL!IKY%
MUXUO!IT]3WW,?XL5<I4Z4M0>`M^Y=WR>P&FOD77C6\&G3U/?<Q_BQ5RE3I2U
M!X"W[EW?)[`::^1=>-;P:=/4]]S'^+%7*5.E+4'@+?N7=\GL!IKY%UXUO!IT
M]3WW,?XL5<I4Z4M0>`M^Y=WR>P&FOD77C6\&G3U/?<Q_BQ5RE3I2U!X"W[EW
M?)[`::^1=>-;P:QJ;,LS2N3FZEV9+J74M`6JL)N47*L%N+/+3[D"SA80+W"H
M%K:;WTWT?@JEBYQ\[BNKJ[;!!OLP8'=J:=H"!3MONFJJY=&Y!-:6ED^.XWF`
MO+?RC:]N075.][?BBBR73U/?<Q_BQ5RE55TI:@\!;]R[OE2>P&FOD77C6\&G
M3U/?<Q_BQ5RE3I2U!X"W[EW?)[`::^1=>-;P:=/4]]S'^+%7*5.E+4'@+?N7
M=\GL!IKY%UXUO!IT]3WW,?XL5<I4Z4M0>`M^Y=WR>P&FOD77C6\&G3U/?<Q_
MBQ5RE3I2U!X"W[EW?)[`::^1=>-;P:=/4]]S'^+%7*5.E+4'@+?N7=\GL!IK
MY%UXUO!IT]3WW,?XL5<I4Z4M0>`M^Y=WR>P&FOD77C6\&G3U/?<Q_BQ5RE3I
M2U!X"W[EW?)[`::^1=>-;P:=/4]]S'^+%7*5.E+4'@+?N7=\GL!IKY%UXUO!
MIT]3WW,?XL5<I4Z4M0>`M^Y=WR>P&FOD77C6\&G3U/?<Q_BQ5RE3I2U!X"W[
MEW?)[`::^1=>-;P:QJG,LS5.38ZF69+*6HM>6EL%N46*N%Q+(+4;J"[A<0[V
M"G#JZ+VT7T_AJEEYQ\[ENK6[=!!OL(>&]J:=N`#7MON"BJXM&Y!#:7=DR.XW
MF<L+ORC:]H26T.][/C&JR73U/?<Q_BQ5RE55TI:@\!;]R[OE2>P&FOD77C6\
M&G3U/?<Q_BQ5RE3I2U!X"W[EW?)[`::^1=>-;P:=/4]]S'^+%7*5.E+4'@+?
MN7=\GL!IKY%UXUO!IT]3WW,?XL5<I4Z4M0>`M^Y=WR>P&FOD77C6\&G3U/?<
MQ_BQ5RE3I2U!X"W[EW?)[`::^1=>-;P:=/4]]S'^+%7*5.E+4'@+?N7=\GL!
MIKY%UXUO!IT]3WW,?XL5<I4Z4M0>`M^Y=WR>P&FOD77C6\&G3U/?<Q_BQ5RE
M3I2U!X"W[EW?)[`::^1=>-;P:=/4]]S'^+%7*5.E+4'@+?N7=\GL!IKY%UXU
MO!IT]3WW,?XL5<I4Z4M0>`M^Y=WR>P&FOD77C6\&G3U/?<Q_BQ5RE3I2U!X"
MW[EW?)[`::^1=>-;P:P\@R[+Y*SK6-QLS61+P%@/NF;SRC]4H\I0'<S!KS0A
MOKE6TZ0W[%4&9\X.<YK8W&7W,,`@E%#A:0=A!V'$>J/@5=END<BRF^@S"T9<
M><1UPXI`1M:6[1O8KL)ZJK"L$62+W-_IK8*M$X.Y9G?T%RI!/0#;(OO@L0#D
M4*2*`#.5EA%JB!SD=DUC.S:^LG2$#!?5,OI[]_XN<W_$^076N<QMZ9EF(+(*
MBA;:M<"7#X-_D;7<VLCC<TT>:_.G_EGSC\=:BM-`Y9<URS+2)+C":A]VYI`:
M:;N\1NP[NQ\DC7"K!3T^KJY<?I1$HB41*(E$2B)1$HB41?_5^NW(7].;%V1I
MS+)XZ3B?(7&7/SB_K4:`<>LB3*7)2-2:2ELH93S]P+&/0'7&(6C\-[US;J7_
M`(RZ3U-G^<:AN\_S&.YO;A\SFLWG"USW%Q#<41-!794D_=74.E_^56L=*Z=R
M73=GIW+)+6QMHX6.>)\;FQM#07890*D#;0`?<4.^ZRP_UA9)[>+\@58_LDZ+
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M/6N.&7[+_I:8="86(R?Y)-+",(AE[K&0;H"PK7$#7"P:P-</8TV[-JB;_P`2
M=$AS2[4>:%H.T5@%1\%=Y4+_`/F1KPM<&Z9RD.(V&EP:'X:;]MHO2IJ:V]C:
MVUE:$A+>U,Z!&UMB!.'43HF]O3EI$20@&F^J2F3$A`&W]@0VKJ2SM+:PM+6Q
MLX6QV<,;8XV-V!K&`-:T#X&M``^X%R7>WEUF-Y=YA?3NEO9Y722/=M<][W%S
MW$_"YQ)/W2N_50J9*(E$2B)1$HB41*(E$2B+_];[HW7.V$&)R7,SYF3%3,\-
MBDY$Y-3KD.(MSDWK$X[EGI%R%6[DJDBDDRUPC+,`$8;VT7M:L5N]=Z'L+F>R
MOM995#>1.+7QR7=NQ['#86N:Z0.:X'800"%FUES:<X^9V=MF&6Z`SNXL)F!\
M<L=C=21O8X5:YCVQ%KFD;0YI((W"L?[1FSWU[8:^T^$\N53](W-[R[R;TVVX
M5571-SJ?RTU!^[KS@4]HS9[Z]L-?:?">7*=(W-[R[R;TVVX5.B;G4_EIJ#]W
M7G`I[1FSWU[8:^T^$\N4Z1N;WEWDWIMMPJ=$W.I_+34'[NO.!3VC-GOKVPU]
MI\)Y<ITC<WO+O)O3;;A4Z)N=3^6FH/W=><"GM&;/?7MAK[3X3RY3I&YO>7>3
M>FVW"IT3<ZG\M-0?NZ\X%/:,V>^O;#7VGPGERG2-S>\N\F]-MN%3HFYU/Y::
M@_=UYP*>T9L]]>V&OM/A/+E.D;F]Y=Y-Z;;<*G1-SJ?RTU!^[KS@4]HS9[Z]
ML-?:?">7*=(W-[R[R;TVVX5.B;G4_EIJ#]W7G`I[1FSWU[8:^T^$\N4Z1N;W
MEWDWIMMPJ=$W.I_+34'[NO.!3VC-GOKVPU]I\)Y<ITC<WO+O)O3;;A4Z)N=3
M^6FH/W=><"GM&;/?7MAK[3X3RY3I&YO>7>3>FVW"IT3<ZG\M-0?NZ\X%/:,V
M>^O;#7VGPGERG2-S>\N\F]-MN%3HFYU/Y::@_=UYP*>T9L]]>V&OM/A/+E.D
M;F]Y=Y-Z;;<*G1-SJ?RTU!^[KS@4]HS9[Z]L-?:?">7*=(W-[R[R;TVVX5.B
M;G4_EIJ#]W7G`I[1FSWU[8:^T^$\N4Z1N;WEWDWIMMPJ=$W.I_+34'[NO.!3
MVC-GOKVPU]I\)Y<ITC<WO+O)O3;;A4Z)N=3^6FH/W=><"GM&;/?7MAK[3X3R
MY3I&YO>7>3>FVW"IT3<ZG\M-0?NZ\X%/:,V>^O;#7VGPGERG2-S>\N\F]-MN
M%3HFYU/Y::@_=UYP*>T9L]]>V&OM/A/+E.D;F]Y=Y-Z;;<*G1-SJ?RTU!^[K
MS@4]HS9[Z]L-?:?">7*=(W-[R[R;TVVX5.B;G4_EIJ#]W7G`I[1FSWU[8:^T
M^$\N4Z1N;WEWDWIMMPJ=$W.I_+34'[NO.!3VC-GOKVPU]I\)Y<ITC<WO+O)O
M3;;A4Z)N=3^6FH/W=><"GM&;/?7MAK[3X3RY3I&YO>7>3>FVW"IT3<ZG\M-0
M?NZ\X%/:,V>^O;#7VGPGERG2-S>\N\F]-MN%3HFYU/Y::@_=UYP*>T9L]]>V
M&OM/A/+E.D;F]Y=Y-Z;;<*G1-SJ?RTU!^[KS@4]HS9[Z]L-?:?">7*=(W-[R
M[R;TVVX5.B;G4_EIJ#]W7G`I[1FSWU[8:^T^$\N4Z1N;WEWDWIMMPJ=$W.I_
M+34'[NO.!3VC-GOKVPU]I\)Y<ITC<WO+O)O3;;A4Z)N=3^6FH/W=><"GM&;/
M?7MAK[3X3RY3I&YO>7>3>FVW"IT3<ZG\M-0?NZ\X%/:,V>^O;#7VGPGERG2-
MS>\N\F]-MN%3HFYU/Y::@_=UYP*>T9L]]>V&OM/A/+E.D;F]Y=Y-Z;;<*G1-
MSJ?RTU!^[KS@4]HS9[Z]L-?:?">7*=(W-[R[R;TVVX5.B;G4_EIJ#]W7G`I[
M1FSWU[8:^T^$\N4Z1N;WEWDWIMMPJ=$W.I_+34'[NO.!3VC-GOKVPU]I\)Y<
MITC<WO+O)O3;;A4Z)N=3^6FH/W=><"GM&;/?7MAK[3X3RY3I&YO>7>3>FVW"
MIT3<ZG\M-0?NZ\X%/:,V>^O;#7VGPGERG2-S>\N\F]-MN%3HFYU/Y::@_=UY
MP*>T9L]]>V&OM/A/+E.D;F]Y=Y-Z;;<*G1-SJ?RTU!^[KS@4]HS9[Z]L-?:?
M">7*=(W-[R[R;TVVX5.B;G4_EIJ#]W7G`I[1FSWU[8:^T^$\N4Z1N;WEWDWI
MMMPJ=$W.I_+34'[NO.!3VC-GOKVPU]I\)Y<ITC<WO+O)O3;;A4Z)N=3^6FH/
MW=><"GM&;/?7MAK[3X3RY3I&YO>7>3>FVW"IT3<ZG\M-0?NZ\X%/:,V>^O;#
M7VGPGERG2-S>\N\F]-MN%3HFYU/Y::@_=UYP*>T9L]]>V&OM/A/+E.D;F]Y=
MY-Z;;<*G1-SJ?RTU!^[KS@4]HS9[Z]L-?:?">7*=(W-[R[R;TVVX5.B;G4_E
MIJ#]W7G`I[1FSWU[8:^T^$\N4Z1N;WEWDWIMMPJ=$W.I_+34'[NO.!3VC-GO
MKVPU]I\)Y<ITC<WO+O)O3;;A4Z)N=3^6FH/W=><"GM&;/?7MAK[3X3RY3I&Y
MO>7>3>FVW"IT3<ZG\M-0?NZ\X%/:,V>^O;#7VGPGERG2-S>\N\F]-MN%3HFY
MU/Y::@_=UYP*>T9L]]>V&OM/A/+E.D;F]Y=Y-Z;;<*G1-SJ?RTU!^[KS@4]H
MS9[Z]L-?:?">7*=(W-[R[R;TVVX5.B;G4_EIJ#]W7G`I[1FSWU[8:^T^$\N4
MZ1N;WEWDWIMMPJ=$W.I_+34'[NO.!3VC-GOKVPU]I\)Y<ITC<WO+O)O3;;A4
MZ)N=3^6FH/W=><"GM&;/?7MAK[3X3RY3I&YO>7>3>FVW"IT3<ZG\M-0?NZ\X
M%/:,V>^O;#7VGPGERG2-S>\N\F]-MN%3HFYU/Y::@_=UYP*>T9L]]>V&OM/A
M/+E.D;F]Y=Y-Z;;<*G1-SJ?RTU!^[KS@4]HS9[Z]L-?:?">7*=(W-[R[R;TV
MVX5.B;G4_EIJ#]W7G`I[1FSWU[8:^T^$\N4Z1N;WEWDWIMMPJ=$W.I_+34'[
MNO.!3VC-GOKVPU]I\)Y<ITC<WO+O)O3;;A4Z)N=3^6FH/W=><"GM&;/?7MAK
M[3X3RY3I&YO>7>3>FVW"IT3<ZG\M-0?NZ\X%/:,V>^O;#7VGPGERG2-S>\N\
MF]-MN%3HFYU/Y::@_=UYP*>T9L]]>V&OM/A/+E.D;F]Y=Y-Z;;<*G1-SJ?RT
MU!^[KS@4]HS9[Z]L-?:?">7*=(W-[R[R;TVVX5.B;G4_EIJ#]W7G`K]@VB-G
M\T8"R\Z8=,,,$$!98,FPH8QC'>P0@`$+W<0A"%?1:UNS>]>MYQ.;]S@UNNLF
M+B:`"]MJD^-4+N:CG28USW\VV?A@%23E]V``-TD[RKAM>PK6O:]KVO:U[7M?
M3:]K]FU[7MV+VO:LQ!!%1N+`2""01M7]HB41*(E$2B)1$HB41*(E$7__U_5#
M:I_F1S?_`!,EGC917RKYU?XDZX_:<_TROMAS*?PCYN/V/;>2:HA#L7K97'G6
M7KY1%83%6IZ;8T)_EHI*)$LD3LB<'%$S)"8I&I2X6/$B;33!G'$$I"@ZNN<'
M6M5GR?2\V:Y==9O/FEK8Y5%,R'?;C?L+II&O>V-H@AG?7"QQ+G-;&T4Q/%5?
ML_UG;Y)FMED5MDU[F.=SV\EQO%KYOC;!$]D;Y7&YN+:/#CD:T-8]TKC7#&:+
M"N>/9<VO$L9BV96]&PA0I*D;A&R39"RH$Z8TTJSH-W:@*4-F=4$FXR5-QV*-
M+_&M?15%=:>S>VO,VLFV3YGV+G"9\(,L;`"1C,D8<W>W4JU]0UPV@JXV>JLB
MN[#(\P?F$=NS,6M,#+@B"5[G`'>Q%(6OWUM0'Q@%S7;"%B2XK*#6<$B*C;^9
M'S!J@%OA;.XC9QC1`$8M`!S"GNB$-(6"XC;6'I+M:]Q:+6JD;E6:/LQF+<MN
M#EY+@)1&_>R6[7=O3#VH%7;=G55:[.\F9?NRI^;VHS0!I,)EC$H#S1A,>+'1
MQ(#=G;$[*K)$X[R`H$@`1!IB>-U&K+;`$QEZ,$XF(`#,7%H`@1"NL&B`6(1M
MB]:Y=K7N+1HJI9IW4$A@;'D5XXREP92&0XRW:X-[7MBT`EU*TZJI'ZKTO$+E
MTFI+!K80TR$W$(WL/(#"^K^U#R0&EU,1(I58E+&Y$N0NKFB8'I8VL5P6>W!*
MUKE"%FN8(006=591`T[?<8@7M;=A`TWM?_A5)%EN8SP75U#83OMH/ZU[6.+8
MZ[F-P%&;G](A5TV;Y3;7-E9W&9V\=W<UWECI&-?+3=WMI<'/I45P@[J[5X;+
M[(R'"\4DED"I<B:TJZ[$Z61J7-Q()5-[<0IWKN)RY>E4EF$DA%<PTLP(@VO8
M5KWF\39P(8[@Y5<^;ND:QKMZ?A+W@.8P.PT+G-(+6@U<""`00I(U!D)GEM1G
M=IYRR)\CF;]'B;'&XM?(YN*H8QS7->XC"US2"005,@87G@,N(L)N#>G9YTMD
MZ:)%IW-1<#<!S5*[(B3;N"8I46<W#.[-CR0F@&'LAUK5>1HO/AJZ'1-Q;MAS
MU]T(`'FC,;G80<;0X%E?Z30X$;158^[G"TR[0MQSBVMTZXTU'9.NBZ-M9#&U
MN,C`XM(D`W6/+2#L-%)T.SQ*'T+:IB,I@4S;'!W7L!KM'GAVNE:7M%%GN8DM
MKLE=V%H=R#'5BCBT:0TM,:G.&F&#=`B#>UKI!S=YI?"VDRC-;"]M9)GQ&2&2
M3#'(V"6X#)&R11R`OBAD,9#',<6.;B!!5FN>=;)<M-Y#GN2YGE]Y%`R<13Q1
M8I87W,-J9(G132Q.$<T\(E:Z1KVB1KL)!!53GPR8)7E''%43DJ:0N!12A`PG
ML3H2\KB#P&&$'(VLQ*%<I*.`4,0!``*PK!O>U^Q>L2DR7.(KV'+9<IN6YC(`
M61&)XD<#4@M86XG`@$@@&M"LXBU#D$^7SYM#GEF_*HG%KYFS1F)C@0"'2!V!
MI!(!!(()%=U?E%#I<YN1[.W162.#NE5!0J6I$QN:MR3K1E*CP(ST)"4Q42J&
M2A.'8L0;#N$D=]&@`M'D&39O<W+[.VRJYDO&OPN8V)[GAQ#B&EH:7!U&N-"*
MT:X]0KVXS_(K.TCS"[SNTBL'LQMD?-&V-S`6@O#W.#2T%[!B!I5S16KA7KIX
MS)%:-W<4L??%+>P"L!^7)VE><C9!B$,`0.ZDM.(EM$(98K6L<(%[W#>W]E01
MY9F4L-W<19?.ZWMS25PC<6QG<_*.`HS:#\8C<4V7.,H@GL;6;-;9EU="L+'2
ML#IAL-8FEU9-A![0'="_2R+R9O9T,A7QU]0L#H+4;'Q8T."9G<1VL(5P(7,Y
M.!$K%8(+WT%C%?1:_P#PI-E>9V]G!F%QET[+"4T9*Z-[8WG_`.+R`UW_`$)7
MD&=9/=7]SE5KFUM)FD(K)"V5CI8Q\+XPXO:-O](!8*J%7-*(E$2B)1$HB417
M&FP5/E:9.J)3M=RE)!2@JXG(L(KEG%A,!K!U.Q?5%;3:LTBT#J&:*.5D<6!S
M01VXW"*CJ+`IN<C3,$LL+Y9L;'%I_)G=!H>JN?H"R%WNU<9E]SJ9T>ZC\%#W
M8["E])NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<
M9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^
M+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#
MW8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<
M9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^
M+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#
MW8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<
M9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^
M+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#
MW8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<
M9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^
M+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#
MW8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<
M9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^
M+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#
MW8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<
M9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^
M+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#
MW8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<
M9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^
M+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#
MW8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<
M9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^
M+/93H"R%WNU<9E]SIT>ZC\%#W8["=)NEO"S^+/93H"R%WNU<9E]SIT>ZC\%#
MW8["=)NEO"S^+/971<L)3II;G!T6$-EDC:B5."JY;B6,=DZ,@Q0?<`+`M<8[
M%EWT6_MO4BZT+G]I;7%W-'%O,3'/=1X)HT$F@ZNP*HM.</3=[=VME!)-O\TC
M6-JP@8GD-%378*E5'6'+.5Z=;&^WFX8PX+QEF%8K=L<AW-$PR<=C5CM!R[;I
MN:54`!9RMXC=AB"$(+7N>A+MH*L,JP2@].\S?/U<:8\UTQK"9\VG-C8IS5TE
ML-M&NH"Z2'<`'QHA\7$T!@XWY_\`_C+:ZR\\UCH*WC@U8:OFMQ1D5X=E7-)(
M;%<4J2=C)G?'PO)>[W>;7)N>6]&[-"]&Z-;BF*6('%O4DK$*U(>"QA"E*J3C
M,(4$&@%:X1A%<-[7[%Z[OMKFWO+>&[M)V2VLC0YCV$.:YIV@M<*@@C<(-%\S
M[NSN\ONKBQOK:2&\B>6OC>TL>QS30M<UP!:X'800"%W:GJG2B)1$HB41*(E$
M2B)1%__0]4-JG^9'-_\`$R6>-E%?*OG5_B3KC]IS_3*^V',I_"/FX_8]MY)J
MR^"L@(8.V2`*7)[ACU^<7%O"O;'^+VG6*II%BTRD"AMD<6):G@\Q^0*S;B3&
MFICB;DGF!"-..VN95Z$U!!D=KF`BU1)E]_)(S$R6#SJQN8`UU630!DA,K7&K
M'.8YN%S@'1N&)U#SE:6N=1WF5F?1L6:Y9#$_!)!<>9YE:7)<TMD@N3)$!"]H
MI(ULC7A[&DME:<+;[C6?,),[F<9&TQ$!:XQF5]R0T$\W9NJ`_,R]@B3>4G8F
M.,3QF9T[EPE'EF]FM_$J:$J!SN3NN@*@"K/LLU]HBSN7NRV-MA;6N<RWD8WF
MY<)8W10,`BB@NHXP_'#)@@NR^W9%-@Q[)&RZPSCFPYQK^SC9F\SLSO+W3\-A
M*=_LVF&5D]U(7337%E+*Z/>YXM\N;(1W4DUOOF]U,3H962X&K<;/V35*B6Q:
M*.>RBY8]3QU.@)'BM.^$)P,*!,V2I$^K&8;I('JUE5F3>Y;PF<%9XE!111>Z
M&W5EPZ?3=_J:22[M<IETF^T$(8/,1*!O36LG;*Z,OED[?S;`+ADLCS(UK&XG
MV22T9;ZNRS1T,5C>YY#K>.^=.YY&9.A+C,]TEL^%DHC@AK'YWC=:R011-B>]
M[L#*S?MIIJ7OF45:.4RX""2Y?P-+(X78;D3N<6Q^ADJ>1DB*"JM9'<LPYMW)
M/^`VY`+V[)5M&,W_`#FVL]]JF6'-;P076<97/#M>*06C9A,*8NUH3#A9_2P@
M_P!$+,,KYG;VURW1<%QDM@;FSR'.;:<TC-;F^?;N@-2WMJ@3XG[K<;A_3*EH
M-H_%%G9]?6\:5JLTY-SU+$#8OCDU6F3-ER4Z+E#$!(UL<S8H;96N:#RVMR*?
M4PRR4!0+E".N'<*N[><C28N[^_MW-B$69YI.UCX;EQN([Q[C$&LBN8K?$Z,B
M"9MRPAL36X2\C`K$[FDUN;'+,LNFOG,^3Y+;/D9/:,%I+E\;&S%TDUI-=X62
MM=<6[K.0.?.YV,1@[XJGEN?&IW(RVE;Y!)+)I!A_`$2@R<5UQ)+=*<;J,0JW
MPY.591J-.]%48>#$Z@%K"&,V]PWM<Z]8GF^OK2\9JZ*WS"YWNXR?*H+4=L`R
M>S-@Z4@5_)X70W!8\;275%,96<Y'S8WUC)H6:ZRNTWZUS_.[J\=VA,EM?MS1
ML(<<-9<3;BU:^,U`#:&HC"_+IF*%G;8S3F\+Z]NL(ODMJG!YBQL5%NS,TW=`
MN)[&!O-5*=V&SE7N4'<3-Q'H_$T6KRZUCDK^>.TUP+Z>7).,V7)+F.$D<>/&
M8@PN-3&-@PG"?Z.Q>V>@=0Q\P5]S<G+;:#4?$\MF`R1IBEEWO>Q,7AK:"4]L
M<3<0_I;5A,:;1KPS32*JG\;+&(?'UDF?[MT`AD>BP#)0N@LCC#,]JBHVW-RE
MQ7H1NUBB!G&#LE+--$78-QF7%0Z:YQ[RSSK*I;\P6N3V[YY<%I;0P5G=:S01
MRN$+&.>YIDPM+B<`<XM`Q.K<=8<TN7YAI[.H<K;<7F?74=O#OE[=SW)%LR\@
MN)86FXDD;&QXB+GAK1OCFL#R<+,,CC&;(N=CYAA;U*9"PR-1BJ=0%3/`(W)S
M4Q58\Y;:)^@+N8F5V=%+"^L38H;EMT@33R0+Q:I8P7-`.Y97K;*WZ?L,EO<T
MN(,Q=E5U:FZPO>Z!TE_'=M%0[&8I8F/AD,8<YHE-&N&(&TYSS=9S'JG,]0Y=
MDMI<Y2W.[.];9%T<;;ED662V3S1S=[;-#-(R>(2%K'F%M7M=@<U.<\L:B#36
M,1:42E2_K4FSPRE2\92]H<)H#%C3D,I^>7(VR]0M3%)US^V$(`'F7/-3(B3!
MA+,!<`6>:\L9,BSK*\KS2Z=F#V93&+BCXWW/F,=V)9'G&7-`=+"V(..)S(F.
M(:X4#3?-EF46I-/9SG6363,KCDSR8VH+)66AS*6Q,,48P-8XN9!</F+&X&R3
M2-:7M<'&Y73::Q*MD3[)VPXANX,R#F>4IT#I&YLM43A#D2XKMXB&UDF;'#QK
MG)&.S:Z`?DPP%H"P"+$<*VX7S*ZYS=)3YC?9I;/;'O689C.&/AN7&Y;=_$HR
M*YBM\3VG>9Q=,($306EY&!:_L^9W7-OE.6Y->1NEW[*\IMG/CN+-C;-]C\>L
MDUI-=!D;QYQ;FRD!=,YP>V,'?%24[RQ"I1AFS*KDJUUF0HSC=A;4[.AF,66:
M\/(;$!Z+(S=S@5XRE#(Q-"(PAG6(DA;J89N)JBQ=]V#?"<^U9DN::,%E-F3Y
M<Y\VLXF"-MQ`ZMN&,+;QF^NLIXXHVN;;R1QB<G`^3"<86Q=,Z'U%DO."<QM\
MHC@T^+R_FD=*^UN64NG2/:^PDWAN86\TTKVONHII76S6[XR(O&]D:?5IY;[2
MB)1$HB41*(E$7IZQ?]D9OV4W_)":ZHR__L++^Q9]$+CW,OUC?_VS_I%96JM4
M2U9VIYQE6!Q^&.N/VZ87BILG5E97E&.(6V9(R)#HB5'7=0WNT9@KMNY#R2;)
M2TA3@:6C<E"1%<P1:0R]]T)R#3UIE]Y-=1WCXO.-[&\LE>8HWOQ`$.D'Q>UJ
M6@EH+J5<-PXGJR_S;+[>RERZ.;S0RGSA\,39IHX\#B',B=4.&/"'D->6MJ0P
M[HK['.U,L=XGCUIC9B7:;R#.;Y1>F53C<+5`0VQ_CB2-;4N>\A-D\61XN!S!
ML'+&=J6M0@:YKR>+<P%)PFC3UM[I]L=S>R3@V%E#O37"6LGY25I(;&8P[?&'
M`][7]1@VDNI6WY;JM\UIET-L1FF8S[^YIAPQ?D87M:73-E+-ZD;OD<;HZ5,A
M-`&U+>L\;=\9+8W:21+%60I@RQ7!39M#SI24KA[&;$(,*1Y#C,H9UB1VD11Z
M^=Q-PQBZA.;TUC$QXDPP@5]@-QQ1:1G,L<%SF$,4LEV;:,4>[')AC<QP(;LC
M>)64<:$5%6_!#-KZU$$US9Y3<S016#;R4UC:8XL<S)&D.?4RQF"2K&U::&C]
MRMD(-K"%N3\1$DT>DUY8JSRBP8GCAI2`IT-,<($#*J7(04YBNQG,4S&H^%=\
M7M8RP;7)N#=?Q:H7Z=NF0FY=-'YL+,SEVVFR3>3'6G]9OO:4W.K6BN4>KK&6
MX;:,MY?/#F`M0S9BVQ;^)J5_JMX_*5W?Z-*JH-H7,V3X_M#-^,(KD.20&,VP
MRVSTXZ(;+V0-I5W7OJV;R&/&EKD./6QU<(VVEM[:5<!RD`"3#=(0BN*^BKED
MN5V$V2OO[BR9-/YT8^WNH[5H:(VNV&0@.-2=@V@*S:CSO-;?4<>56F8RV]KY
MDV7\G8S7KB\RO9M$+7%C:-%"X4)V#:OU,MK9]C:&51!!%\@NCABIKP@7DC-I
MT/C<<9`.>4"8:H:[IL:2N2LTF(>9&-[,*6-8B0'1_=;B.O<0"@&+73D,[[>Y
M?<0M9<.GWJ#&YSJ18ZUE8US<+<-6OK22FSJD>WNK[BVCN[..UN'R6C+7?KHQ
ML8W%/O9;2"1[7AS\1#HZ`PUJ[:`#;;=M/C=G%[<6K#F3GW%S4_Y/B*?)\;3,
M<@2.,FQ'SD2RDLN*M[L.3)X\N?X@XL[6YB)N0M=BBRA!**4$'F6U^0"-D3),
MSMV9@YD3S$XN:0V;"6=N1AQ!KVO>RM6L).TM(%XBU29I)Y(<ENI,J9)/&)V!
MKPY]OC#_`,F'8PPOC?&Q]*.D`&P.:XU&W?U`8HMQ0ORP;`CR6`M[@3*WN:3)
MN*7F))S)^>N3$#G<O:94J1XN-B2AO&4^@>R$UD1YI)9(E(C!6+N3]&W#,Q9E
MPO`9L$CB#%,UYWNA_)L+`9<8-8\!.(`DX:;;/'SAVC\IDS<Y>1;A\30X3V[H
MQOQ(&^R-D(@WL@B42@826AI<3LM$C:D5O"2!M\1P]+9=D&;1>6S@V#L\OQ@<
MG9(?"G]%&7&0&3DJ9'PMX22)X<2"V&R)6<-PL;K'V1!*4"(MYT^V)UX^YS..
M.RBD9'OCF2U<][2X-WO!C:6M!,F(##39BJVMU;JM\S,OCL\FFFS&>*27>FR0
M4;'$\,+]]WPQ.#W$"+"XE]:NP`.PP`[;VARQF?)?%,:3^3P2'QG$DUG$I"?%
M&CFW&LM#6$H[!9'%^`\.TDC"A"<%R0$EZI6X&6">(6Y`-K!H^Z;+%;7%]#'=
MRR3,C9V[L3H:5[8-PAKZC"XG;4;-TBWNYP+)\$]Y:99<2V$,5O++)6-N!EQ4
M#M7/Q.>P@XV`;*&CB:`]S;@S_DO9^;\*ON.TK:X(G7)3NIR4VKFWA!4X8IQ_
MC:;93R&0R7",)J-]M%82K&D-#8=]V"&UPBM>]KPZ4R:PSE^:PWKG-<V!HB(-
M`)I)611XOA;C>*CX%%KK4.9Z=CR.?+6-<Q]RXS-(J3!##+/,&_`[>XG83\-%
M6\IVV7&-[44I:SU"`_9E@>%)Z].CJSMQ3M()1E""-N)IH[)8VKL:G"I(#%\U
ML*!.E"+4.<S#`B-#<-P@KK?2K)\@MY`UPSZ:ZC:`XT:R*0S,!<.IV\$CB>HT
M#9\-MN]<RVNJKN)SFG2]O8RN<YHQ/?/$VWE<&'948+F)H;N%Y()'4EF6=KR:
MQ)J+9PXIED)RJVY`V;E!V/W)5!I4X37&.7LQMD`<"8BZ-,H,C@92:$A:UFDJ
MU20#>Y&$#L<8F,+4BI\NTU:W,AEXQCER]T-R-\`D8&2PPF08P68L'Q7@@'$V
MHH'`M57F^L;ZSB$/%$T&;-N+(F%QBD,L%Q<-B.]N:_!OFQT9#G-P/+34M(<>
MQ,MK=W2/2>%&QQ_QEDME?YZRR"'NR6*3!N<"T>SED_,<*>R),U2#<B8RYVAM
MS`'$D#677(#4)R8HL0E%H;73<;HG70G9/8.9&YKP7L(K<Q0O;A+?C#'N$X<+
M@\.)V**]UA,R=MB;:2US1DDK7QN$<@-+.>YB<'M?3`[>Z@@%V-CHW-`JY8%M
M_J$0&.M./D4\WB>Z7A>#%F6'\B5P-D.CDGS)&8D\MXFF`.<B2S.2-2(J5I5S
MF:WHS"VY`I`,&^+EGA)G2:,O)Y+UUG41[[.(6X)'8F0N>TUD#2QI.`M:'.JY
MP(-*BM/%SBY?;0Y<S,,)EWBU-P\21-P/N61N&&)SQ(]HWQKWEC2&,<",5'!M
M_9<F607'+N+L$XYDJ6!JIA#\C9,E\[,8V^0O#9$\>N4#CI+'$FQ[`<P7?G^0
MY$2C,5+"%A21"C.M9.,PXLPFS9;:V3,MS#-[Z`S-BEBB9'B+6E\@D=B>6]MA
M:V,T#2TESAVU`0<ASB]S&3.,JR#+;H6[YH9IY)<(>YL<+HF!L;759C>^9M7.
M#@UK7=J2X$8R^5LD8M2QR`S=$V9MRS,)M+V/'R;'9S5%3WR%QEE(DI\GR*&2
M*FJ.PUX9&U44G<2D)BHE0H4)!I2K;Y$2GF<76.8.GO+1SK3+HHF.D,E7X7N=
MAP1X07/#B"6EP!`#@X]K5TKC;,\J9;9??,;?9O-/(V$0X8RZ)C0\OFQEK(W-
M:0'AI<"2PL';X6UJ\[>T>1-;XYLV(,DOW,7&DSREE-`%9"&UPQRSXRGDMQUD
MEA="5DGN!UET9D,)7[DF1".2KDQ6[%*;%B+$.NBT?.Z2*.7,H&;].R*(TD(E
M=+&R2)PHS8QS7MJ74+2:%M:TMDW.!;,BGE@R:YD\WM9)YQ6)IA;!+)#,QP+^
MVD8^)]&MJUX&(.H17+&;;2!(LDS`XX=R`EFC),,(1=LAY3M!5:]]3;0Q;OT;
M.]G,J2A8FFPU+"K)<B3U/^1$3<5C#B[V'4L:5>YL$S,SA-J^*=Y?20!IMJ;Z
M*8<1V.!:0.VKN`[%..N8V/NK>3)K@7S)K5C8\41+Q>8MY=BQX&[6.#P7=I2M
M7#:L>AVZ&\#BUI91AJ?1)O5S#+>+ESPM>80XID>5,.1J4RV0QE*D:W]0X.+&
MZL\156;W?<BBC5`BP&$E`%<T,;])/P2.M\SAD>(H90T-D!,4SF,:XDM`#@YX
MQ,J2!4@D[%+CUY$)8F7>2W$,;IKB`N+HB!/;,?(]@#7DEKFQNP24`+J`@`U4
MMF&V="8?'&&1GPV:.I<APC#\YH&UJ`Q"<1L<SFD'A#:P6"L>$:6\@+<IVF&.
MUS0IMS*,T&Z=6UZ:VTO=W,\T`NHFEEV^`DXJ8F,DD+MC2<-(SU*U(V*LO-;6
M-G;6]RZRG>)+&.Z#6X,6&26*)K-K@,>*5IW<-`=JQ+CM8ED2IEBLF89!BE[8
M,[M>.)RUN146EJ!6PO>!<@YG:'*[^UON]FMJ/9HU8U0>G"I6)EB.Z;<1DFW4
MVFLTZ3;RW$$S+B)]F98R,;"'-N(X",);4G$Z@!H"TXJ@C"I$NK@V[@M+JWDM
M)X\P;#*UV]R`L=:37+78VOHUN%E21B<US<.$M.)26/[4Z]VAKGD!SP7E!@B!
M^-2<KP5Z5J(6:BF$86J&\EL;7%=SF(:H%+UJ5W2K;H7A2024@,,.$I_RJH!,
MB;3[([J.SCS>W?<B?>9&C'5CP#4@8:R,!!;B8"2X`8>V;6JM]62364N8RY#=
MQV9M1<1.)CI(PD!K2<8;%(0YKL,C@`PEQ=VCPVFE6W4]R)-"KXRQBFDCD;M(
MQ[!60DJ&:P26,B8#Y`29XE-A<R9)FW,#NM<F]R*"!1<1A")0A6)U1(3-P$.Y
MMTE%`ZZ\_OS&P6+IXR62,<<,F]G&QS"YH!!V;"X.:YII6EE?KV>Y;8\5Y6)9
M3F;+68"6*1HQ1;Z#%(V4,<7`BAVAI:]KF@X29?$-KU4Z1EK+8(#.LQ2I+$IM
MD>8`9$\&ARE@@[%DR<P1H.,;W>7%H%SV]K(2X$-B-*H,$L`VFFGC3"$$`J:Y
MTTV.>0S7D-M;F1D3,1D>'2.BCD.T,J&M$C2YQ':X@`';JK+/6+Y;6(6^7W%[
M=B&6:3"(HRR)D\L331TE"YQB>&-:3B#"7%I("[R_;ABE^%WN-8\F<JQU&A8-
M5R3(B%;%T36DC^T`V1ASA+TU,R]Z*D+YO0B7)#%Y`$Y8R"+B&"YHK!+%`S2=
MQ^3BGO8H[V3?PV,AY)=;EX>TN#<+:X#A-34[#3=4R37=I^6GM<MGERV+S4OF
M!C#0R[;&Z)S6EV-U!(TO``H-HJ=BE^&=JMGS1D.605FACBV$Q9QEK4K<5DN@
M2E]:G"'/XX^K2S?'*21"G\&&_F@NJ:!*D!A2M%;=#1IQB++,ILTT]+E=E;W<
MMTUQD:P@!D@:0]N(&.0MWN3#N/HX$.V`.VD5F2:LASO,;NP@LG,$3I&DF2(O
M:8WX")80_?8L?QH\3"'-VDM)`,PSW/Y1!CL))(NK2HA9"SK%,=/:A2A)7C`P
MOD<F*]4)&6??<R5@%C,G$`=[7T6#<-[:!7JFR>SM[L9JZX:3O-H^1H!IVS7,
M`K]RCBJW4&875@[(V6KPTW-_'"XD`]HYDA-*[AJT;5K7BG:9R9D)?LVXO.4,
M)66E,NS2W[3&]6FXB61DV=U3A"I08W-PC!%L]YU/WN.#0GW&((4"TRY=KBMH
M!?,QR&PLF9YF`:\Y<(X#:U/QG7(#V5/]+>XVRXA\IHK]W&,IU1FF8R:9RISH
MQFYFN1>T;L:VS)BDPC^COLKH2TU^(XTV[GHI6%+9"41*(E$2B)1$HB41*(E$
M2B**3OZ$3+S5D/BA95IS_P#46=?5)O)N5ZTW[Q9#]=@\JU>;%<Q+K5*(MY=D
MC;3E&SVO3Q:2[^E&)%JFXE;(`83G2+&J#!F*'2*"4'%%!"8:9<Q0A&,)!XM(
M@W*-$(8MY\T?/3FG-[<1Y7F>^76DGN[:+=?`222^"I`VDU?$2&O-2"UQ+CS;
MSZ?\><FYU+67.LGWJRUU&SM9B*1W(:`&QW.$$[`,+)@"]@H"'L`:/H<A\OC4
M^C+/,8>[I'Z-OZ2RUJ=40A"(4D[H,DP-PC"`TA0F4%#*.*,"$TDX`BQA",(K
M6^AV3YQEN?Y99YQD]XR?+;AF*-[=QPJ0=W:"""US2`YK@6N`((7RHS[(<WTQ
MG%_D&?6#[;-[5^"2-_QFF@(W*@M<TAS7-):]I#FDM()DE7)6A*(E$2B)1$HB
M41*(O__1]4-JG^9'-_\`$R6>-E%?*OG5_B3KC]IS_3*^V',I_"/FX_8]MY)J
MH*L`6T$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1%Z>L7_9&;]E-_R0
MFNJ,O_["R_L6?1"X]S+]8W_]L_Z165JK5$JHR=B9%DHV*.A,PG&/99"')>Y1
M>9P!P94SRW7=FXQK=V]4V2M@EL.?VET2##NJ9R:UA5C"2S`6`8`(K7&PS%]B
M+B,VT4UO*T![)`XM-#4$%CF/:0=PM>TT)!J"K1FF4,S,VDK;V>VNX'%S)(BT
M.&(87`MD9)&]KANM?&X5`(H155,EV1(<U%,[E'<@Y6C616YZG[ZY9>9W>(\_
MI6JRDH8U,\3R=.Y0EQ@*MN?!Q9IU"$[&F+07:TPT5DQA>N*XNU)=2&5DUE;R
M63FQM$+FOWM@B#A&6D/$@+<;]ID.+&['B!HK0S1]E$(9;;,;N+,FOF<ZX:Z/
M?9#.6F4/!B,1#][CV")H9O;2S"15=Y+LAXA01F9Q%`&3HV:=[/Z;9O?0!?+*
M58X*2JR(O4.I2Y>C5JAS)S<<HNJA4O/$<$X\P`[E:0BUX7:ES)\]K<OWLRPW
MAN6]K0;Y2,`4!`P`1,`:*4%=OP3&:.R>.UO;.,2MAN,N%D[MJG>JS$NJ03OC
MC/(7/-:D@TW:Q*(;-S@1M;OVT*^-K0RL4>Q.Q8K@32WR-<^+9,[)%K@!RRE)
MV\3(RML?D!$0&F84I91C@8:CN=NAH`A)!51<YXPZ<AR6)[GS/N72R$M#0T$"
MD3#B<7-QUD)(:`ZE`=JH[/3,C=7W&HIXV,MX[-D$30\N+W`G%.\86M8\1X8F
M@%Y+<52`&A6'DK9O9\BY!2Y.2Y-R_C:5D0U-`SU6,I.S,)#E'DCVX2!.0XDN
MD8?AG'%.3F8*P@C!;5T6T=C3>BL<\ELK)U@ZPMI[<RF2DK'.HXM#32CV]0!7
M+,]-0YEF+,T9FEY:W8@$1,#VL#F!Q>`0YCZG$X_`N)7LO0%S8I^R/+W.'L>3
M18G/F+VZ/2`Y]=%^'4<921QT$K*9B4X%[I>*ISG(>XW"H.,-$`)5A6"'UN?W
MD<UG+%%$P0;]@:&G"!,7%PIBK08R&[=@I6JA?I7+Y;?,()YYY#=>;F1SG`O<
M;<,#'5P@5=O8+]FTDTI79PMFRY$&F5*7Q%-\K$1L4IGL[;<8HY@2U02/SG)I
M#^7,I6R&LK0VSE.N7J)2X*TR8U[.;FQ>K,5HDR=1>QMO9,_N9+=L+K2W,^]Q
MQF4LK(Z.+#@8[$3'0!C02&!SF@->YS=B\BTK9PW;IV7UV+;?996P"3#$R6</
MWR1N%K9029'N#3*6,>XO8UKMJC39L>QQL/DSV'+^<%,]D;;%&0.3!O\`!T$S
M;6&&N+LYL[*I"R8]:HK/41Y[VHLO%+FN1GN8!!LK,.U`7#/DU-/(((N+;06;
M'/=O6&0L+G@!SABD+XSVHP[R^,-_H@5*I8M&VT3KJ?CB^.82MC;O^.(2-9&7
M.:TX86QR@EQQ^<,F+Q\<NH*?UIV-X)&&YAM")YE&!2UF'D#?N1(BY0MOE,F2
MY2D*64SIO?&Q1!5N/TZ%W?$)!Z<#:QM]VDPD(VX20>L*Z34]W</F\[L[>:V=
MO=(WAY8TQ-+(RTB02$AI(.*1V,'M\02'1=A:QV_F.87=O>,WZLT;HA(\3O$D
MH<TQ&$!S@"`R)F]D5CP':LFEV.\-M\,GD`:B)(UQC(4,QQ!'E&E>@FG)&/%R
M=4GC@FU:O1+%5G)1988-:H4C4C5&BN.^@5[WO`[4V9ONK.\D+'7$,LLC26[K
MI2"ZH!`H*#"!2@V*:W1F2QV689?$V5EK<P0Q.`=M#(`0S"2"<1J2XNQ%QVJX
M)QBN)Y#?<>O\F*5JC\;/<D?61$6<2%L7*)7`)7C9X2OB4U,<)>WFQN9++!+"
M,J]CM05[W"&X!6RTS"XLH;V&`@"=C6N/5`9(R5I::[#B8W;MV5^^KS?93:9C
M<9=<70)=:O>YHV829(I(7!PH:C!([9LVT/W#K['-A#`$9A$5QXD;Y.LB\4A&
M8X"F3.4C.4+71FS@[19WF"IY=RDR=T4/*(^&MY;8J).(&A))"$.M<(+@O,^K
MLYGN[B]<^,7$DL,A(;0!T`>&!HK3"<;B\$'$3]^N.VV@=/6MC:9:R.5UK#!<
MQ`.?4N;=.C=(7.H'%P,;`QP(+0/N"G=>-C:$REN>@33)&8YC*7A9C,\K(CQ)
MHZBF[$@Q!+!3>!,L>51J'L#&UHVN2&#5'*+(!.2\X=S52HXZP3`PQ:GNK=\1
MM;&UBMVB7\FUKC&XS,WN1S@Y[G$ENP#%A:-C6@;%,FT78W<<XO<SO9KM[H#O
MSGL$K!;R;[$UA9&QK0U]7$X,;R:O>74*[).QWCU0[FRF52[)$[FZR2R&3.LW
MD[K&"7QU-?L3RS#!#.>BB\0C4701^.0J:+PMR5`W)`EK#-\&W.&(S=(3J:]$
M8M[>V@AM!&UHC8'X1AF9/BJ][GESGL;B+G&K104%*1-T9ESIC=W=Y=7%^97O
M=*]S,3L=O);!I#(V,#&12.P-8QM''$<1)KVF_9(A;&O:38Q/<LQ-C(08O0RF
M)1R4-+>QY$%B!H:&"&+I<LO&SI4D5@9&!$D<+,CDS$.J5,`E66<5:X+POU'=
M2LD%Q9VTDI=*6/<PET>_$N>&#%@(Q.<6[XUY822T@[5''H^Q@DA-KF%Y#`&P
M"2-DC0V;S=K61&0X-\!PL:U^]/C$C6AKPX;%9>4,-LV37"'R,$FF$`G4`4/)
ML-G\#6,B>1LJ62)4J.2-`T4K8)9$7QC?B4"6ZE&Y-:TBYR0@T(0&DEC#0Y?F
M<M@RY@WB*:TF#<<<@=A<6DEIJQS'M<VIHYKVFA(W"0KGFN2PYI)97(NIK>_M
MR[>Y8BT/:'@![:2,DC<UX#<37L<*M:0`0"J[+V3X2B9V0MDF>3&&=L4XE61B
MLP('M@5Y'<I=.&X3/+%[T-]BSQ"75$],P4Z03>:RW;DY"%(%.03=,5<-:=17
M3Y93+:P/M'Q,BWDM<(@R,XF!N%[7@M=4X@_$2YU2<15M&D;%D,`@O;J._CGD
MF\X#F&9TDHPR%V-CHG!S:-P&+``U@:T813K(]CG$:*.S.-E*)B:GR#AV:87E
M[DJ?R5;R],N1)),)?-92K<%+:8,V<2"33MR6'++ANGL8=:P$X0`L"O7:FS)\
MUK.6Q5ANF3L`;1K71M8QC``?ZMK8VM#=V@VNKM4+-&9.RVO;8.F+;BRDMI"7
MU<YLSY))9"2W^M>^5[B[<J=C0!19A;LK8R7S==/SU$HL^N#Q@E\/`!U1A066
M[.YDD-@-BT]VL1@2#A2E3P@'=+W46L#4N5JWUI;=0W[+1EF!'O36W#=PUI<X
M=\ZO_P`!A^#;6JGOTGE<E])F#G2[^Y]JX]L*5L\>];,.X=\=CV[=E*+C<=D_
M%3L>W'./.146VY>R)FD*0;JG"F52O*$=DD6E")6$MN`:-@&TRI58@@`P'%#U
M!7-%JWM?UFHLQC#PS`"ZVC@K0U#(G->PC;\:K!4[AV[%#+I'*9G1.EWTAMY-
M<TQ"ADG8]D@.RN##(Z@!!!IM*@K?L.8Y*;R6U_R!EZ9IV_'D6Q0P\Y7V(AO'
M<?PN;Q>>QIA;`1V#1].>:WN\12%#7K0*W-8EL("E2<.Q9A=6_5E\7E\-G;1.
M=,^9V%K^VD?&^-SCBD<=K7DX6T:T[6M`J#01Z$RT1MBN,QO)VMMH[=F-\?:0
MQ2QRL8W!$P&CHV@O<'/<W8YSC0BSG[9GQK))XIR&[V?5+RMR#',D*T5UZ7@9
M0^QC$\IPTA2&HA-PC1LRB'3!9O@G==<Q5J&6&$(;EBH(<^OH+-ME'@$0A=$#
M0X@U\S)R:U^,'L%#38*BG55UN-+Y9=9@[,9M\,SKEDQ%1A+V6\EL!2GQ3'(Z
MHKM=0UIL5=6V)H`;$5T(<\C9G>V`J)1N#09,[RQA4=%L8B$NCDYC*"'`*B1"
M9U4M$CB+899;)"W]<>G1EI3SC4NDF];[57@N67<=C:LF,CI)"&.&^N>QT;B_
MMZ@%KW=K$8V@N+@`[:K;[#Y>;.2PES*]DMQ"R*(.D8=X9'(R5@C_`"8#BU\;
M#BF$KB&ACG%G:K(%;'D2$;(G%TR=F!]D\DRA!LRJ)@XN\'3/Z#(D"BQ<);GM
ML`QX_9V(A,Y1-.2@5(!HC6X!)(-ZD)AZPA0'4US2"..PMF6[+>2`,`D+3'(_
M?"TXI'.J'U<'8@ZI.(N4P:,LZW,LN:7LEU+=17)D+H@\311[T'-PPM:`Z,!C
MF%I8`!@:T[5_?8W@*%N;T$1G.5H`<3&)/!WIUB$B8$[I+85*YC(9TNC;^<\Q
M1Z3E$M\@E;B-O7-Q3>[("U9H258=<5[O:>\>][[FTMY@9&2-#VNHQ[&-C#FX
M7M.UK&XFN+F.H*MV)[%Y?''''9W]W;N$3XG.C>P.DBDD?*6/Q1N``?(\L<P,
MD8'$->*E2(S90Q-S<G,21)WUICT]#B,EQ;6YS)+):D6$T$8;(,@81*$*DQ(D
M(0Q)&6HL;<\9UK"T"!<5M$@:BS'?[2Y>YCIH=^H2-TSEYD+J$5-7NI2E/NJI
M.DLH\VO[.-LC+:X\WJUKA1HM@QL094&@`C:#6M=NXNS'=FF+L>54&6G&:Y(F
M;S'N>%H2U31WC[P@A`)T=<<@3-+^3%T.1'UOWN(29&E?WQX2MJ:^YI"R;!!J
MPSY[<2Y>_+F6L$43\&,L:YIDWOXI+<9C:>JXQQL+CM<3M45MIBU@S:/-Y+ZY
MGGCWS>FRN8X1;Z>W#7A@F>*;&MEED:QNQ@;04Z]MER$6R4+(7.6=W;[Y-Z:;
M8TNY1_H_#EGFC:%<^0Z(S:<[\X(MK[PN^79M^7WQO/==`K1<?W?F/F6\0X]X
MWC?:.WS><>/>_C;W3%_2WO'39BHH?96QXSXQ\ZN-[\Z\YWG$S>?.-[WK??B;
M[7#MP;[O>+ML%5GX1LZ8TQ_F3*V=(\C<P3G,)+$3)M]+PGLK?9F0I42DR-M@
M4Y7!)LF$W)#W45S#;JU"0D?XFK>UY-WG=]>99EV4S.;YI;%V&@[8XB2,1KMP
MU(9N4!(518Z;RS+LZS;/K9CO/[T,QU-6C"`#@;3M2_"TR;3B+0=BO:K0K^E$
M2B)1$HB41*(E$2B)1$HBBD[^A$R\U9#XH65:<_\`U%G7U2;R;E>M-^\60_78
M/*M7FQ7,2ZU2B+U=V0_Z?+A+KM>2L[-ZMHBMQ$KF''Y]C4;Q(P!%8PI9)@7L
M!2T,9NBUP)M(%:H/9%N16KNW5_-#_P`?+C-_-=2Z[MWPY5L=%:&K9)ANATVX
M8XCU&;)'C:<#:8^(>?C_`)3VN1>>Z0YM+ID^=T+)KYM'Q0'<++<[6RS#JR;8
MHSL&-]=[]O&]O0-*!$UM:)*W-C<E3H6]O0IRDJ)"B2E!(3)$B8@("4Z9.2"P
M``!:P0AM:UK:*[>M[>"T@AM;6%D=M&P-8QH#6M:T4:UK10``"@`V`+YR75U<
MWUS<7M[</FO)GN>][W%SWO<27.<XDESG$DDDDDFI7<J<I"41*(E$2B)1$HB4
M1?_2]4-JG^9'-_\`$R6>-E%?*OG5_B3KC]IS_3*^V',I_"/FX_8]MY)JH*L`
M6T$HB41*(E$2B)1$HB41*(E$2B)1$HB41*(E$2B)1%E`\-:MM7A35T6U=7?>
MKJZ.QHT=C1HJK'GU!AWVG_\`I49\PJ:[S7__`"O[^G/UK^>4_P`_^>_&7G^W
M_F?Q4_3GZU_/*?Y_\]^,G^W_`)G\5/TY^M?SRG^?_/?C)_M_YG\5/TY^M?SR
MG^?_`#WXR?[?^9_%3].?K7\\I_G_`,]^,G^W_F?Q4_3GZU_/*?Y_\]^,G^W_
M`)G\5/TY^M?SRG^?_/?C)_M_YG\5/TY^M?SRG^?_`#WXR?[?^9_%3].?K7\\
MI_G_`,]^,G^W_F?Q4_3GZU_/*?Y_\]^,G^W_`)G\5/TY^M?SRG^?_/?C)_M_
MYG\5/TY^M?SRG^?_`#WXR?[?^9_%3].?K7\\I_G_`,]^,G^W_F?Q4_3GZU_/
M*?Y_\]^,G^W_`)G\5/TY^M?SRG^?_/?C)_M_YG\5/TY^M?SRG^?_`#WXR?[?
M^9_%3].?K7\\I_G_`,]^,G^W_F?Q4_3GZU_/*?Y_\]^,G^W_`)G\5/TY^M?S
MRG^?_/?C)_M_YG\5/TY^M?SRG^?_`#WXR?[?^9_%3].?K7\\I_G_`,]^,G^W
M_F?Q4_3GZU_/*?Y_\]^,G^W_`)G\5/TY^M?SRG^?_/?C)_M_YG\5/TY^M?SR
MG^?_`#WXR?[?^9_%3].?K7\\I_G_`,]^,G^W_F?Q4_3GZU_/*?Y_\]^,G^W_
M`)G\5/TY^M?SRG^?_/?C)_M_YG\5/TY^M?SRG^?_`#WXR?[?^9_%3].?K7\\
MI_G_`,]^,G^W_F?Q4_3GZU_/*?Y_\]^,G^W_`)G\5/TY^M?SRG^?_/?C)_M_
MYG\5/TY^M?SRG^?_`#WXR?[?^9_%3].?K7\\I_G_`,]^,G^W_F?Q4_3GZU_/
M*?Y_\]^,G^W_`)G\5/TY^M?SRG^?_/?C)_M_YG\5/TY^M?SRG^?_`#WXR?[?
M^9_%3].?K7\\I_G_`,]^,G^W_F?Q4_3GZU_/*?Y_\]^,G^W_`)G\5/TY^M?S
MRG^?_/?C)_M_YG\5/TY^M?SRG^?_`#WXR?[?^9_%3].?K7\\I_G_`,]^,G^W
M_F?Q5^#.&-0>Z\)[EJ"W3=-]:FIHOKZ^M^+J:OX=/8T5X[SW"['ON&FVN*E.
MK51-\QQ-P;UCKLIAK7J4^ZL>`%S!@+#<-A#$$%KC&`H%KBO:UKC,,$`LL-KW
M[(A7L&UNS>^BJ9H+G!HI4GJD`=<[!]\[%4N<&M<XUH!78"3_`-`*D_>`J>HO
M9+8TV?\`9S@J]@F>3LPX7F65EBM#>*PE!DB$O3=&'-0859``M,F>%%I'+PJA
MA"5<JQA"<[1N%C3+`.MV3S,\W_-SD4]AG.I]89+>:K>]N\6S;RVD9"\D8*-;
M(=^N,5`TMJUCJ;WB<&O7`'_('G1YV=2VN::?T;H+4.7Z(CC?YS=OL+N&2XC:
J#C)<Z)N\6N$$N#L+WLKON!A=&?9&NR5P`E$2B)1$HB41*(E$2B)1%__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>g36434g67d40.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g67d40.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0TT4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````Y0```(X````&`&<`-@`W
M`&0`-``P`````0`````````````````````````!``````````````".````
MY0`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"I<````!````10```'``
M``#0``!;````"GL`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!P`$4#`2(``A$!`Q$!_]T`!``%_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#LV5>FYP;EYD-#GLK8YIY.YI8R+'7/W7;_`$K;/Z_^@KE92*XK'4,R
M*R`TL+72(KOW.='O]GZ/_A/^$_3OMWX'W)TE.&W#=EY(>SJ&6P;G/8S1K1)-
MFT;F_08R[TO]:UK8=#\;'92^U^0YDS;9J\R2?='^:BP)GNG24I))4NLY-V)T
MV[(H(;:P-VDB1JYK?H_-"4A&)D=H@R^Q,8F4A$?I&OM;+LBEMGI%X#S'M_K;
MMG^=Z;T]5K+6"RLRT\&".-/SER/[:S[*_6?=5ZS3[&FMOYI9'^$&W^<>_P!S
M/\&BU]=ZDW-JQF75OH-E;`6U@`M<6`M&USF^W=L]JK??<>FDM:_=Z_X38^Z9
M-=8Z?WNG^"]8DDDK36?_T/54DDDE*4+;JJ@#8X-!,">Y@NVM_>=M:I.)#21R
M`5Q=75\[*+#EY#1MVECW55D@N+66%CH;Z;FL.]0YL\<1B)`GBNJK]'^]PLN+
M#+()&)`X:W\?[KV3+:WDAC@XMB8\"-S3_:5#ZQ?\C9/P;_U;%SK^M=3I:/1R
MF$NW%X8QD`M/IU_F_G4LK<MOJMC[?JR;;#+WU5.<>))-9=PHSS$,N/*(@BH$
MZUUC_59!@ECGC,B#<P-/-Y-%P_Z;C?\`'5?]6U"1</\`IN-_QU7_`%;5EQ^8
M>;HRV/D^@)))+><5_]'OLCKV$;#3598VRFR+=M3G:-=Z3_S'[O?[%&OZPX-<
M.NNM<W:*]:7`>HS=ZSM&#W._<_D+FLM[FYV66F)NM!^'J%W_`'U"?=:]H:]T
MM#BZ(`U,R[3^N_\`SWK,//9`2*CIX?\`H3H#D\9`.OV_^@O=X^73F8@R:"34
M\.VD@@^TEA]KOY35P#/H-^`79?5__D*GX6?]78N(Q[_58/2JLL(#9#0#S[6]
M_P!Y'F^*<,$JLRB9&OZW`GE(5+,!M&0'_23'@_!=3U5_I_5+?$Q11I\ZER%F
M2UC`75O:'!VTD#7:=CXU_-?[5UG67!WU,W#@T4'\:DWE8D1S6-X%?GB>/!?7
M(/S>4;=8ZMUK:B:VR7.W-TVQN]OTOSD7&O=7U+'ILK+7B^H.&X&)>S]W^2Y4
M6WWL8:V6.;6[Z3`=#Q^;_91<-[[.IXK['%[W9%,N<9)][`F"$+%`[AMRAI+0
M51[OIZ222UW`?__2T;C?D=4SJVN8P5W7.+G`Q`M+-8_K*O>^^CZ3F..][(`,
M^P,=O_JV>I[4/J0!ZEF2)_6;N?\`C'JN`!P(63*,;/IUO=WXP%`]*&E/H'U9
M>ZSZNT/=R1;Q_P`9:N!Q<B^A@=0\UN(;+FQN]ON;M=])ON_=7>?57_Q-X_PN
M_P#/MJ\_K_FV_`*?-I##6GI_9%K\H![G,BM/<_[J:2ZZVUOZ1Q<&AVT:`#<=
M]D!O[[_<]=IU;_Q%#_POC_EI7$.^B?@5V_5O_$4/_"^/^6E#!\N7^X4\U\_+
M_P"U'YO$H^!_RAB?^&*?_/C$!'P/^4,3_P`,4_\`GQBACN/-M2^4^1?44DDE
MK/.O_],O4?\`E+,_\,7?^?'JNNNZA]5,!N0^^S)OW9-KW[6^F`-SO4?]-G\W
M7O\`\Q!QOJIT[)>&,ORV$LWRYC`!]$;'.]/;ZON]]7^"_/6>>6RV=.O=V(\]
M@``XCM^[)UOJK_XF\?X7?^?;5Y_7_-M^`7IW3>G5].Z>S!K>ZQE>Z'NC<=[G
M6?F@-_/7.7_4_IN)L8_*R7%P,;?3F&P"[W,_E-4N7#.4<8`^6-'7^ZP<OS.*
M&3/*1TR3XHZ=+F\J[Z)^!7;]6_\`$4/_``OC_EI5/'^I_3\H/#,G);M`G=Z?
M?^JSR6_D])JR>D#I3K'MK%;*_4$;HKV0=1L]WII8L,XC("/FB0-4\QS6*<L1
MB?DF)2T/ROFR/@?\H8G_`(8I_P#/C%T-WU5Z93::G9.2YS8W$>E`D;OW/\Y'
MZ?\`5'!<ZG,9D9#?3L:\,L#`98X/VO&S^2HARV6QI^+-+GL!!'$=OW9/4I))
M+0<=_]3M*/K%EV]5=@BJIS6ON8T`D./I"QS!^=]/TUICJ;H).)D:3,,G4'\W
M]Y8^+A?6H=:=9;:X8)LO+=UC7-#7"W[-^B'N]KG5>Q;+Z>IB/3O88)^FWD<-
M:Z/W?I;O];(<''PRXR2>(UQ#A]+/S`@)1X.&N$7P'B]7_?,AGN)=^K7``2):
M-2"&%OTMOYW_`%:9O49>0['N:T$`.VS(U]VGYNGYB1KZH2?TM0'8[3/YO_F?
M^O\`.+T^ID.W65AVYOI[08@3N]21N]W\E3,#9IL-E3+"TUE[02QW(G\UW]53
M5-K.J;1NLJ)TW0"/'<&_2_D?^"(N,W-$_:G,=H(],$:^[?\`2_L)*3I)))*4
MDDDDI__5]'-W56@QCL>01PX-!&V?%VS])[$2Z[.:6&K'%C2TEXW`>Z#M:''^
M7M]VS_S.DZS&#`TMRC!>1(DR]VXL+AN_._Z"MMZ9CP/?8X`-#07F`UL>S^H[
M\])3(6Y\ZTMU8#]+A\.W,)_K[/S4WK]0W[?LS=H)EV\:CVQ`_?W.L_[;_P"%
M].IK.FUOES;;6/YW!YYB&N=_54K.G46&7.?^;(W:';MVR#_4_P!?424PKR,\
M&IM^.`7F'%AF!!U=]+9_G_\`!IQ;U/>YIH86DOVV!T0`#Z.ZN3N]1W\M(],I
M-IM+["XO#X)!&CVW;=6_0WUI?LUA]6;K3ZH#?I00!M^BZ/Y'_5_Z1)2A?U#:
M2['`(T$.#IU8W?&GYK[';=W^#29=U)SFEV.UC=P#AO!.TEOZ2?Y#?S4CTNEP
MAUECFF-'.W#0[OS@?]?T?\VI5]/K8:B7O<ZF0TD]B[U`T_U/H?\`%I*6%G49
M<32R)`:W=K'NWNW?YGYO_"?\$DA_L;$]'T)?Z6W9LW>WG=OV1LWI)*?_V0`X
M0DE-!"$``````%4````!`0````\`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`
M:`!O`'`````3`$$`9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P`"``-@`N
M`#`````!`#A"24T$!@``````!P`(``$``0$`_^X`#D%D;V)E`&1``````?_;
M`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$!`0$!`@(!`@(#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``
M$0@`Y0".`P$1``(1`0,1`?_=``0`$O_$`,<``0`"`P$!`0$!```````````(
M"@8'"04$`P$"`0$``@,!`0$!````````````!PD!!@@%!`,"$``!!`(!`08"
M!0@%"P4````$`@,%!@$'``@1$A,4%0D6."&T=K9W,2(C=;4V%S<E52:W>$%A
M,I+3))365Q@9@=+4E981```$!`(%!0T$"`0'`0`````!`@,1!`4&$@<A,;)T
M-Q-SLS8(05&Q(I*3TQ2T-756&)$T5!=AT3)"4E,5%G&!(S/A@M)#HT15)/_:
M``P#`0`"$0,1`#\`L70UAZX];V39\A2X3<=\]8</*N-FV?&;S[FKA3M]P:5`
MU35\R[NFB;3MT7JJT2KT7*ZB8:KF`8;"CJV04H"*Q@?UH&?L;>]SA%1G;T30
M(XV;#D=>T>)U:#JXB.9/,V?T]@^5VEZE(31<]BO4+J2GXA5A"QG/H=>:G$D*
M?=%9\NTAXH]RI[/Z[("6GH!ZCVN0?#O744O6,?)ZUGK3";80UU.=6(,$YLW9
M4]=88?1]/C]45O7TA7ULOY:>!G<^D1\H,EF*C@:!B$!U`>X_Y[4A$SK=V1@9
M;:9$3:F@-+W^*GY6LI;T8B3"(:F:N$-7AXB4L5X9#.FT4N'+$BAR6IZ0\FVB
MR-(>+I&UMX[LZUJ?O;<$!1*'/SNJ8RE!DT.2K.F)^YEQ[_PY3)22LCK[CD)`
MVLIN>?G`$,1<]*V#&4M)12B&Q&SYH!0AK$4V-X>YLFP7*Y1VN;>VEVAT:D/O
MS^L]M&5_UJA[N]QAFG66GZK;I[3KLYN>B@:D>N<H+%1:1@90)@O,&VE!<$TA
M!(G[TO;.ZL;7N?<]5W]2,P=/B%'$TN2C:;-P5>BEA6DR.C80:Q30(0%G=G*N
M^.:V_#R=N%?P.X045`D/IKX^1@X=P3WX&`X`.`#@`X`.`#@`X`.`#@`X`?_0
MMUIOU\S/ZJLDE:[*41:`:9+D:]"FI*LRD+9YO;%D_B%3ZI#O5>6K.ZWZI`&)
MK]ABSR@"ZG#P*)8?+)9^7V0R,$UW>]MR&KM8'ZOEZY<-M3)M;1>HG/4A=MJ/
MJ,?Z?=R3K[%T@[A!.0^G9TJ[Q;*F8MIMJ-<E6&QR'T,BIY@9&^;1M.8K^=(2
M50N+L54YK5&QLR,MMRN6Z8?(LT,?J<>O1EUC87T>8CME&'.R,7@4A0[R9(D@
M5H4@WP`G<C'?&G)G<N[BI2X3GPY;ZVQ'P;,HBBN+FB4#GHTIU?V0R$>DA$-$
M^93:*S71W5@K9Q@D07+.$*<3A6!F`V$YOW?)^8<2%@*'ZA)LAG6-+M5NDDUJ
MZ7SK?<EVE=3V=#-HC$SUVBY2@Q(2SF70,-LR>"'HUE),9@S(Q`2,U5;)BS2F
MPT2#1"(\*8J1T6P0XZZY`.6C6]0LTM3W'R&T$&.Q$C)J-P\K#:4M2C8Z&FT#
MIQD!C<G`P'`!P`<`'`!P`_)]]D9EXDEYH<<=IQ]]]]Q#3+#+2,N.O/.N92AM
MIM"<J4I6<8QC';G@!%V#ZLZ78-;PFU8RGWDJI37FRLE!%ZRF/2(4&-A)$F6F
M"X'9$K#CR&<SS([->;*=MQ9#;R1XEU+#JDAF`V[/;'7`7VGT1RCW&2^-'3&@
M+5%O4EVO1V(V+D):3)F`BKF'=!8Z.:":9>+;B'A$EGAL8=RZ0A'`P-E<`'`!
MP`__T;]H8`,<VZS'A"`,OEFGO-!C,BMO'213QTB:ZAA"$N%GFD.//.9QE;KJ
MU+5G*LYSD`^O@`X`.`#@!\@@`(&2L@A"!Y.+=/-R(,R/DPY]+:'C2LLH1Y@M
MY#2<*<7VK5A.,9S]&.`'U\`'`!P`<`'`#6NX-FQ.F];VG9D['R,I$U000LP"
M)P-F1)07)!1B$C8,?&&[R7CDJSWW$X[N,_Y>S'-;N^YI2SK<JERSTNX[*2B$
MJ4AN&,R4M*/%Q&1:U$>DRT#W[7M^9NJO4ZWY-YMN9F5*2E2XX2PH4O3A(SU)
M,M!'I'/`OW6=+&BDANZZVFEHL=X9Q3"JPP\EM]M32U,O-V)+C+N$KSW5)SA2
M<_3CZ><^_5=9ORY4_P#P>E$V_37=?_W:?]KWHA':9ZOM$3T?*Q-B;ZHY9NS>
M8(N/G&=(L?%\(7`5^%$!DP`:N%%1:(N'@&O(2\0-&SHGCNK:D$]_&4_V?:JM
M(C@=L54CPQU,ZC*)'_NZH:8ZH:1_)=F^YS*)7!381AK>UQA#_;UQT0[XW.'[
MEFDVK"S=C*+N::E(^ONU`$V1:HR1(P.5E<3DO@5N+.CAVC[$[%@))RKO86S#
MC>&A"DOK>Q]5=H8#<_MJJ8".$8,PB<3(H\KK.!Z/T&,_3==.(D?U^G8S*,(O
M1@7=AR>HHE]HRK_RQ:9_Z<;._P!2J_\`,//Y^JZS?ERI_P#@]*,_37=?_P!V
MG_:]Z(=$M6;#C-L:\J>QH8(^-B[=%-RP0,G@?!XS+CKK6&RL"O$#^+C+6<_F
M+5CLS^7G0]K7#+77;U)N*38<;E9MHG$I7#$DC,R@K"9E'1W#,0;<=#F+;KE2
MH4T\AR8E7#0I2(X3,B(XE$B.&GND0S_GOCQ1_]*_QP`<`'`!P`<`'`!P`<`'
M`!P`<`(E==?RG;D_4L+][:]R)L\^%%X\PWT[0DS)WB5:O.N="Z*PD:XEF1`>
M6\T,EHT5Q1#X;<BR.E#[:LO/1[S;K)S36,=Y3*TJ2[C'=SC.,]G*QY91(F)=
M9K))$M)Q-)+(H&6DT&1DHBUFDR,E:C+2+"7TFIAY)(-1F@R@2C29Z-1**!I,
M^XHC(RUB8MPWE"/FVR.$N)ML@I?5-RIP<U(Q1[UIF)J;L;UC9+L)LK'AJC&#
M9,Y]UL"-[L;'-=UK'C.>(0],%8OB2<>JTNS6%S<@]2IB72XM"C?<<<>-XE.J
M6A.`E+4I1-,P9:3!)8U8G%Q;2[/FT-4U]VEHEIQJI,/J0E:290VVT31DTE"E
M8S2A*4FX[%UTXJ/"G"A.O82^U:!U'?J"];9>91.`.A0\&W`F`B#R3L_3;$B9
M#(5+9B%,G.U_#4DX>`])-)CQ6P'FVGR,HU^2KU+D+2K]!75GGDOMFEMHFE)2
M2S=EWB<2?*<G!1M87C=:4\DF6DL+2EQPR]N;HM1G+GHM:336FC962EN&XE1F
M@FWVN346#'%).8FB;<2T9N.*>2I2$1C?R.!O@M0]&7RMZ4^Q@WUPWEIF3?"^
MRMR3M*%<V:O$2[=[/92).<DP1\/_T[_'`!P`<`'`!P`<`'`!P`<`'`!P`B5U
MU_*=N3]2POWMKW(FSSX47CS#?3M"3,G>)5J\ZYT+HJ[\K`%AP<`'`!P`M0]&
M7RMZ4^Q@WUPWEIF3?"^RMR3M*%<V:O$2[=[/92).<DP1\/_4O\<`'`!P`<`'
M`!P`<`-?6?:FOZ=,9KUALH@5@^&#+BF"88/DYIVO!SL'5TF#Q44(<>21)V6Q
MAQ\<*VVHN4-=RR&T^XVXE`!_A_:M''JT9</4I$F)F9$B%BA(ZL6J5M)\Z"[)
MLRE?&H\9"EW5RPP:X,_,B!B/\Y')`*42VTD9_+8!F</+QE@B(N>A31Y.&FXX
M&7B9(1>'19",DAFC`#1G,?0X.6*\AQ"O\J58SP`]'@!$KKK^4[<GZEA?O;7N
M1-GGPHO'F&^G:$F9.\2K5YUSH715WY6`+#@X`.`#@!:AZ,OE;TI]C!OKAO+3
M,F^%]E;DG:4*YLU>(EV[V>RD2<Y)@CX?_]6_QP`<`'`!P`<`'`#GI,^YETYP
M<O*PIH.R<F0\D=%EY8K,4MG),>4Z(_EE:K(A2VLNLY[N<IQG./\`)CG/DYVE
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M`P$'!,15Y%9A8>,B61H.AQ,+"#M1P3`;;$/#9N)^8F+:0SA(XWCO>`SA*/$7
MW>]E]4&6O\BI^8;],,?3O?W\ZG^>7Z(2OT!U,ZYZD0[,;KUBR,LU,F+%E,6.
M,%C5J=EVC7A?*I%DI'#J<(`<[^<Y1V9[.SM[?HDJP<R[=S'9J;]O(F4HE%(2
MOED)0<7"4:<.%:X_LG'5W!H%ZY?UVPG:>U7%RYJF4K-')+->A!I(XQ0F'[10
MU]T8AUU_*=N3]2POWMKW/(SSX47CS#?3M#U,G>)5J\ZYT+HJ[\K`%AP<`'`!
MP`M0]&7RMZ4^Q@WUPWEIF3?"^RMR3M*%<V:O$2[=[/92).<DP1\/_]:_QP`<
M`'`!P`<`'`"GKL?^8=\^V=H_;AW*@;DZQ5[?7^E4+1*#[CHVZ,]&D;FUY=Z7
M'UK48DWBKC2M2VU;)DYXJ'?8=7#DP%9?KI]EE8J&DY&1`'LK+Z4YPT6\,RUG
MNLJ3C"5;E;U;HLO3;29G2E4S4I5GW%&ILR,VU-,FRIY;;:UK03Q*(O%<4A*=
M"#*!'JM<I%6>G[G=E/6%2\S3&6TD2R,L9..DZEI"UH2E1M&DSTH2I1Z5D<3+
M+JW8],Q6_P"%O]ILR[%7\EU=2.R))N`D7;0`]?\`KILV%8VZD1)4&-Q(2S$4
M1V%&^8C&UO"E,IPHKUJ;4;-E+^DJ_5*F<Q3\;'_;.82A]*93E5.)>*7-<JC&
M^EA?CN8V4FMIU!1=\R?D+KF;*FZ+3J>3$]A>_?)A2V5*F>32VIHWB1,JPLJ>
M3XC>%U1)<;4<&XI61<<Y8IYR'?=*B7)J47%DOB(`>(CE'/J"?>!:),;"==&R
ME2FDO.I;SGNX6K&.]F*JDJ6549]4FLU2AO+-!FDDF:,1X3-)&HDF:8&:24HB
MU1/6)(D"?3(R29I!)F2:1C(CQ$2L)8B)1DDU$1Q(C-)1UP+4.SWM'?N[O#]=
M47ZC9^=F=DKW=>_/RVR\.4NTU]^M#FIC::$T.NOY3MR?J6%^]M>Y,V>?"B\>
M8;Z=H13D[Q*M7G7.A=%7?E8`L.#@`X`.`%J'HR^5O2GV,&^N&\M,R;X7V5N2
M=I0KFS5XB7;O9[*1)SDF"/A__]>_QP`TI*;MBH39S^M)2N6!LE,!*V($\#TV
M=DI:,@H46;F)>,HD`=*;!,K(ZC&XQJ21&*9?GOZ.3CS#HF"0S`?,;ONO`=/`
M/4<_6KJNMGZMB-IM50*O%25U9C9FL#6@>'.B8[!;0$F*.5AHMUYU`02TK6^^
MVRA3F`0TP&].!@.`#@!3UV/_`##OGVSM'[<.Y4#<G6*O;Z_TJA:)0?<=&W1G
MHTC#.>*/6#@`X`=N/:._=W>'ZZHOU&S\[9[)7NZ]^?EMEX<C]IK[]:'-3&TT
M)H==?RG;D_4L+][:]R9L\^%%X\PWT[0BG)WB5:O.N="Z*N_*P!8<'`!P`<`+
M4/1E\K>E/L8-]<-Y:9DWPOLK<D[2A7-FKQ$NW>SV4B3G),$?#__0M>;@]RR#
MU)LVY:V(U)*SC]/F'8AR69MX@+1RFFF7?'0(NOE+83GQ>SNY<7^3\O.9+O[2
M<C:5S5FVW+3=?7)O&V;A3"4DJ!$<22;2H:]43'0EKY!3=S6_2J\BYFV4331+
M)!L*4:8F90Q<H4=6N!#1HG7U%D6N+V9G1&VID:5L,ABEQ!-]:-IX=V770ZQ.
ME4\5JD)-?F2J^0AEX3S1`@ZRWGF1V2"R'7O*1VH3<8E9EO+F=5+ONFVVHGHD
MXXF&)"#)CQE%B3%*8F42[X])?9W2V[,R[E^2B7V6R6XDV8&A"HP4LC>\5)X3
M@9P(X'WA]$9UT0LG6Y+I[C>G#9,B`/KYS41E/'O+#\O&0,##2-5D^\IJG>=&
MF<1Y'@%/N9SC#C#78E*L9[_Z2_:;>FZB[2);+>=<J;:E)4TE\C6DT&9+)228
MB6$R@<=1Z-8_-_L^-2TBU5)B_I1%/625)<-DR0HEE%)D?+0/$1Q*&LM(R9_W
M:H09YX8G14^.0.ZXP^P_=A&GF'FEY;=9>:<JZ5MNMK3E*DJQC*<X[,\\Y?:R
MD6EK;<L:82XDS(R.921D9:#(R-F)&1Z#(Q]R.S1-N(2XW>+*D*(C(REU&1D>
MDC(R>TD?<,2-Z7.N:*ZFK_,4,'7,A4'HFG2%N5)%V0:8;?;`FJ_#9!2,S#QZ
MFUNJG\.8<[^<8PUG'=SWNW$C97YXRF9E?G*"Q;KDHMF37,8U/$X1DEQIO#A)
MM$#/E8QC^["&G1HN8F3\SE_1)6LO5U$TEV:2S@)HT&1J;=7BB:U:N3A"'=C'
M0)Y\G<0R*>NQ_P"8=\^V=H_;AW*@;DZQ5[?7^E4+1*#[CHVZ,]&D89SQ1ZP<
M`'`#MQ[1W[N[P_75%^HV?G;/9*]W7OS\MLO#D?M-??K0YJ8VFA*CW'C"H_HG
MWT8&\L<EBOU]33S?9A:,JN]81G*>W&<?2E6<?^O)YS:9:F,N[F9>02FE-(B1
MZC_UFQ'F0C+3^;MELO()3:GW8D?=_P#SO"GD+;KF:2.&+,GO$EOLC#M86UC+
MK[[B6F6\96E*<96XO&.W.<8^GG!2*#2W%I0BGH-:C(B_Q/5W1:>Y2:.RVXZY
M)MDVE)F9P/01%$S^P2,:T7U`$S0,(%8*T<[,KB0*Z>)=(-Z)LUDGK#;ZG"U&
M`/[V&Y&P2MEH$T&QA.,".*CUNX?R.MEYW9RRT4M]N7;D911N&DD&3B32XM:W
M&T-H./C+4XRZDOW3P&>+":5'H:KPL9N4>G'9!]"6B6IU*I=PEM--M,/./N)U
MI:0U,L+5^^1.DDT8R6E.MHV`VK*Z^F=D!V`)4'!-O%G`+G(]-A])%FZW6RYU
MN%[,D^D#V"W1XF'%]Q3SKZ_!2XD<E3/EM69*O4U^J(D6/5VR,S+$6/"2T(->
M&,<)+<0F)PB9GA(R2LT^_,3=L2U<E*`[(*]<>,DI5R:N2QFVZZELW-6,VF'5
MP*))2DL9I-;9+UK\;VS^O3O]9'_LYY7]$I/X!O[/^(V#^BTK\"C[!<SZ!BB#
MNCCI\++=6^2_0!%O/+[,K<7D\_&5*[,8QV]F.6`Y8M-L6!:S32"2VF5(B(NY
MXRA4_G6TVQFK?#32"2VF=41$7<\5(E]S?!%P_]'JMUF?-'NS[:%?5`^5:9R\
M4;UWT]E(L9RJX=VENA;2AKV.V>7'TBD59IV8092]C3=T!.9D7&FQ0)B-K(JH
MV+PES#H+N2X8AY>492A2B,Y_TLJSG7I:YW9>B42EI4\3TE47)E*B69$E+B&4
MX$:8I/$VI1P@1FN.N(]Q^WFWZO5ZBI+1M3<@VPI)I(S-2%.GB7H@HL+B4E&)
MEA[T!DJ-GT\JT;:F)2*LJ8[<1MN&FVXTF*1(P<%(;`IFR:VY#.DM.,NS")FK
MN"'>+W6LB/8RUGOX5C/I%<](=JEVSDU*S)2]86^3A(-&-II<W+SC)MFHC(W.
M48-MW%!/)JBG3$AYYV]5&J=;,K+S,OR]+0R;9J)>%QQ,L_*NDLB,C)&!XEMP
M\;&F"M$!JV^VMZ]WFYW@@)F-?N5LL5K?CAEY<'`>L,P9+N!#N*0WE;(JS,H1
MG*4YRE.,]F/R<U>O55==KE9K;C*6W)R;>?-!:22;KBG#21Z(DDU0+06@AL=&
MIJ:-1Z52$.FXB5EFF24>@U$TA*"49:=)X8GI[HZ%^U)\P]R_!>Q??C77.@^R
MIQ#K/P9[VF4$']I'J-2OBS7L\T+`W._QQ.*>NQ_YAWS[9VC]N'<J!N3K%7M]
M?Z50M$H/N.C;HST:1AG/%'K!P`<`.W'M'?N[O#]=47ZC9^=L]DKW=>_/RVR\
M.1^TU]^M#FIC::$G_<J^1[?_`-GJ]]^:MR?LU.']R<TCIFQH'9_XPV1S[OL[
MPIH#/9&(8(2VR]D=YI[#1+2'QW<M+2YAM]AS&4/,KRGL4A6.Q2<YQGG#*585
M)5`C@<=.DO\`,NZ0M?<1RB%MFHR)1&42.!E'ND9:2/O'W!+A/5L5G.?$U32F
M<AT]-$K1P$YL!JP4ZKD2$V=,0=7M,C:Y:QQ$.>+,)C&1V24)`AAL!CY0V5(9
M,W3^\U]VCL%A8Y%!DM[&TV:EFI#;BG%+2DR5R9))18&D\FF!+<QQ@>6+9%XM
MRS9XYKUAU*FY8VWWB2VE#CS*64-+6DT&ZI2D&;CZ^57%3;'):TCMW.0=$O%"
MKU$JL.!>QFX^4/;-MQ9'IK940>.R5&FV1^NS4A#GQCSD6<>$29%^IE^`XG.1
ME#>4U7SEZ=4*=+4]E#<P6%1Q<,\,4F1&DUFA1I-)FVM:5*;QKPF7BFC87[03
M.5JCUJ>K,RZ])*-2$FEA)8S):3,EI:)UM*TK23S;;B6WN2:QI,B<)S1G-?&X
MBZM[??R8=._X?!_7Y#G>&6W46V=V+PF*C\\.+-][\K92)B\W@14/_]+JMUF?
M-'NS[:%?5`^5:9R\4;UWT]E(L9RJX=VENA;2A&3D9"00X`.`'3?VI/F'N7X+
MV+[\:ZYTSV5.(=9^#/>TR@Y][2/4:E?%FO9YH6!N=_CB<4A]I;<(&V;L4?$&
MRO#%[MS.%9/7C*L-6"01WNSRN>SM[O;V<JXKUHMNUVM.>O&6*;>/]@NZXH_X
MA;U;EI-N6]0G/7E%BDF#_9+NM)/^(8GG9\WB-3,YJ!&(=9F8Y$KEPO$:N02S
MYA0"3L@>548D?\_+6%=_"/SNSL^GGF_V0?)$_P"MN<ABPXN3\6,(PCBA&&F&
MN`]+^V),Y@Y0JL7K1(Q8()QX8PQ8<4<,=$80CH'U,;`M)4MZ"+1)(F<_._H5
MAN1>EOS&,DK_`*.;C5&?F#8\3/YGT(_._)]//[38CJWO5T/NG,?PDT9JU1_9
MC'5IU:A^:[>IK<MZZY6VTR?\P\!(UP_:->'7HUZ]&L>-_&,G^H6/_L'/_B<_
M#^S6_P`>KR"_ZA]?]H-_CE>27_4.^_LM6YRV5C?[C@*`O)3VO48PA]3_`(GC
MQ]L5G.<J::[O=\+_`#]O;SKGLR4A-)D;O2E\UXW9<]4(02[^D^^.*>UG24TJ
MH62E+YKQLS)ZH0@IG])]\36]RKY'M_\`V>KWWYJW)CS4X?W)S2.F;$2]G_C#
M9'/N^SO"F5SA@6Q!P`<`'`"ZM[??R8=._P"'P?U^0YWAEMU%MG=B\)BH_/#B
MS?>_*V4B8O-X$5#_T^I?6@>"UU3;M;<-$;<3=2L*0LEE"TY\H']"DJ7C.,\J
MZSCEYA>9]Z*2PLTG.'I))_PI_0+'\J)=]67-HJ2PLTG*%I(C_B5^@1A]3C?Z
MP!_XMC_:<C/U69_#N>2?ZA(7JLS^'7Y)_J#U.-_K`'_BV/\`:<>JS/X=SR3_
M`%!ZK,_AU^2?Z@]3C?ZP!_XMC_:<>JS/X=SR3_4'JLS^'7Y)_J'3SVGC!".H
MJYH8*&?7C2UB5E#+[3BL)Q>=<XRK*4*5G"<95C';_GYTOV5V7F\P:PIQI24_
MT9W61E_[,IWQSWVE&7F[%I2G&E)+^K-:R,O_`%YKOBP?SOH<1"A-MO\`FKLW
M\0;G]XY+E=-:]\5;>7=M0NIMCJU;VXL=$@28I>]]>TW5%-@I$BQW^5!4"JS4
M.6CPH6OB!5ZWV:T5.!I\EEF?KS(X=DFD3\J=*0LD7+O]Z,[K`.2<F[7(7%39
M&CR,NZIV9>3#E&5$24$2'''&T-*@M$"6HGG%N-+4X?\`I02WBY2/:M9E<JUS
M5:<EVV)&67BY*90I3CJE.L-,O./HBVZ9J:;.69;9F&D,)A,16]R?(^Y)=0>K
MY#>6S=FCR5X#@]L0*ZO8`YJ+(L%A'&CEZJL(DXFQUBZ:QFTGS5GJAGB)$)%=
M;;%;;>=('/(0Q]#MRTAVX*M5DNS"9>=;Y-9*2:UD2?5UDO&VZPJ*G&U1PJ29
M$DB4:DN*)/QR]C7$Q9UO6\Y+R:YRF/<LTIM9--&:_7&E-\D]+S;>%MEY$,:%
MD9K4I"4+80:XB[3MP6P-G;&OD;$-P$==KW;[<!`L^'X4(%9+!(3(L0UX24M>
M'&L&I93W<83V(^C'9S2JO.MU*K52HM,DVU,3#CA(+]TEK4HD_P#*1P_R$H6W
M2WJ);M!HLQ-&^_)R3#"G#C%Q3326S6<=,5FDU:=.D=\_8L_=3J-^T.MOV;<>
M=&]GO[G='.L;+HXH[9/O.PN8FMM@=!O<J^1[?_V>KWWYJW)*S4X?W)S2.F;$
M'=G_`(PV1S[OL[PIE<X8%L0<`'`!P`NK>WW\F'3O^'P?U^0YWAEMU%MG=B\)
MBH_/#BS?>_*V4B8O-X$5#__4E%[@?SG]1'XA&_40.<'9D]>KFWD_`0MPR0X3
M6)N*=I0_NK.G_7=[IE<F)FSV:NS4HB3E&LD>DC"W-%:3<96U4V@0)0?K1QL7
M6*LVZJRJ=>AVY4U,8L?Q\(6\I%MTRHR,J^_-NM/KQ*TX2)WD^54XTR@RQ&:6
MVR/EXFT3BB:-.*!J7)>]=HM6GY64ITN_*-FA!PQF;'*\@AE^9<)7)I2MYXR]
M5(DOFRV<P2\!F2/'A]&463WE7M=FV.U1-8N>NJ[L&O*%`AYVR`/VW5H&R(FK
M6$IXJO1[2!/.Y&=E6!5Y?80V2@!'C^"S^+%OT]VX):F.33R)1^50\B!)6LC<
MER?2VLS-"=$<)N$DXD1*)LL6%/U3=Y5F7LZ>KS,A+.U&4GW99V*EMM*)F<5*
MK>:(B=4>+#C)E2RPJ-39OG@QKBCS3A)8[%>R/\UFP/\`#Y:_[Q]4<F_(/KA4
MOACG3RXY5[7O#6A_'&?99T6D>=<BN04)MM_S5V;^(-S^\<ERNFM>^*MO+NVH
M74VQU:M[<6.B0->\\T>X'`!P`L7^Q9^ZG4;]H=;?LVX\Z=[/?W.Z.=8V71P=
MVR?>=A<Q-;;`Z#>Y5\CV_P#[/5[[\U;DE9J</[DYI'3-B#NS_P`8;(Y]WV=X
M4RN<,"V(.`#@`X`75O;[^3#IW_#X/Z_(<[PRVZBVSNQ>$Q4?GAQ9OO?E;*1,
M7F\"*A__U91>X'\Y_41^(1OU$#G!V9/7JYMY/P$+<,D.$UB;BG:4(^C;<VN'
M!PU9#V=L,2MUQ\0JO5X:Z61B#@B0)5<\"1#1+4DD"+?#G'5&M+8;0ILM67DY
MPYG*N:TBM5EN78E$5:93*M&1H03JR0@R5C(TIQ029+\8C(B@KQBTZ1O#EKVR
M[.3=1=MV154'TJ)UTY=HW'"4@FU$XLT8EDILB;42C,C01)/Q=`^$G9.Q33V9
M0R_70N3&F)JPCR)-IG'SQY^R1\7$V*<9+=.60U,3\5"!#&DI5AXH<-AMU2D-
M-X3^:ZI4W'$O+J+ZG26I9*-Q9F2UDE*UD<8XEI0E*E:U$E)&9D10_9N@4%IE
M<LU1)1,NIIMHTDRV23;:4M;39I),#0VMQQ;:(84*6M22(U*,\*Y\(]<=BO9'
M^:S8'^'RU_WCZHY-^0?7"I?#'.GEQRKVO>&M#^.,^RSHM(\ZY%<@H3;;_FKL
MW\0;G]XY+E=-:]\5;>7=M0NIMCJU;VXL=$@:]YYH]P.`#@!8O]BS]U.HW[0Z
MV_9MQYT[V>_N=T<ZQLNC@[MD^\["YB:VV!T&]RKY'M__`&>KWWYJW)*S4X?W
M)S2.F;$'=G_C#9'/N^SO"F5SA@6Q!P`<`'`"ZM[??R8=._X?!_7Y#G>&6W46
MV=V+PF*C\\.+-][\K92)B\W@14/_UI1>X'\Y_41^(1OU$#G!V9/7JYMY/P$+
M<,D.$UB;BG:4(=<T@2J'`!P`[%>R/\UFP/\`#Y:_[Q]4<F_(/KA4OACG3RXY
M5[7O#6A_'&?99T6D>=<BN04)MM_S5V;^(-S^\<ERNFM>^*MO+NVH74VQU:M[
M<6.B0->\\T>X'`!P`L7^Q9^ZG4;]H=;?LVX\Z=[/?W.Z.=8V71P=VR?>=A<Q
M-;;`Z#>Y5\CV_P#[/5[[\U;DE9J</[DYI'3-B#NS_P`8;(Y]WV=X4RN<,"V(
M.`#@`X`75O;[^3#IW_#X/Z_(<[PRVZBVSNQ>$Q4?GAQ9OO?E;*1,7F\"*A__
MUY1>X'\Y_41^(1OU$#G!V9/7JYMY/P$+<,D.$UB;BG:4(=<T@2J'`!P`[%>R
M/\UFP/\`#Y:_[Q]4<F_(/KA4OACG3RXY5[7O#6A_'&?99T6D>=<BN04)MM_S
M5V;^(-S^\<ERNFM>^*MO+NVH74VQU:M[<6.B0->\\T>X'`!P`L7^Q9^ZG4;]
MH=;?LVX\Z=[/?W.Z.=8V71P=VR?>=A<Q-;;`Z#>Y5\CV_P#[/5[[\U;DE9J<
M/[DYI'3-B#NS_P`8;(Y]WV=X4RN<,"V(.`#@`X`75O;[^3#IW_#X/Z_(<[PR
MVZBVSNQ>$Q4?GAQ9OO?E;*1,7F\"*A__T)1>X'\Y_41^(1OU$#G!V9/7JYMY
M/P$+<,D.$UB;BG:4(=<T@2J'`!P`[%>R/\UFP/\`#Y:_[Q]4<F_(/KA4OACG
M3RXY5[7O#6A_'&?99T6D>=<BN04)MM_S5V;^(-S^\<ERNFM>^*MO+NVH74VQ
MU:M[<6.B0->\\T>X'`!P`L7^Q9^ZG4;]H=;?LVX\Z=[/?W.Z.=8V71P=VR?>
M=A<Q-;;`Z#>Y5\CV_P#[/5[[\U;DE9J</[DYI'3-B#NS_P`8;(Y]WV=X4RN<
M,"V(.`#@`X`75O;[^3#IW_#X/Z_(<[PRVZBVSNQ>$Q4?GAQ9OO?E;*1,7F\"
M*A__T91>X'\Y_41^(1OU$#G!V9/7JYMY/P$+<,D.$UB;BG:4(=<T@2J'`!P`
M[%>R/\UFP/\`#Y:_[Q]4<F_(/KA4OACG3RXY5[7O#6A_'&?99T6D>=<BN04)
MMM_S5V;^(-S^\<ERNFM>^*MO+NVH74VQU:M[<6.B0->\\T>X'`!P`L7^Q9^Z
MG4;]H=;?LVX\Z=[/?W.Z.=8V71P=VR?>=A<Q-;;`Z#>Y5\CV_P#[/5[[\U;D
ME9J</[DYI'3-B#NS_P`8;(Y]WV=X4RN<,"V(.`#@`X`75O;[^3#IW_#X/Z_(
M<[PRVZBVSNQ>$Q4?GAQ9OO?E;*1,7F\"*A__TKGMYZ#>DC9-MGKW=],0D_;+
M.<N3G9DB;MX[\B<XA#:R'&`;"*(VI2&TX[&VT)^C\G-*J&7=EU6=F*C4*$VY
M.NJQ+4:W"-1]^!+(OL(A*%'SHS/M^F25&H]VO,4R71@;;)M@R2DM,"-31J/7
MW3,Q#V6Z5^C(&^XUH)T?UXFW3DL=%TL(K9UN$:?1%8LY3\GL)8<E*D:[C[)"
MTR3DJWG#4JY.`C+5A`[K;S3/Q_E7E_\`+;7EO>D'J?4!G#\[O^:E_0CX:?T^
M^WM:HF+N;W3%'PNN;37IN6I5F(M5W-F+#*U7T8:QUG-2`GWC6)A4S+N1L2TP
M^8_+'QI;:&F\*`4>_*O+_P"6VO+=]('Y_P"</SN_YJ7]"-X:UZ".AS8VN:!L
M)'33%U]%[I55N28&1M-M*D(1-H@@)M,0>5&W`F.)-C<'>"ZX.XXRM:,Y0I2<
MXSE^5>7_`,MM>6[Z08^H#.'YW?\`-2_H1(O3_2+TY:"LQUQU#J^*I5EDH(FM
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M6/OS6M`>CF`.M<[,2<940B-HVL)*QX46WR+\E?<CRDF]0![9$T:1,JV/#D<S
MHS??7D/PR<#_`)_E7E_\MM>6]Z0?O]0&</SN_P":E_0C&,Z/Z##JP!>*]TC"
M2]/M[*&-:2RK9LCSMIFAK)4ZI/!R]=@W['8("/AI:TN8P\(/+EDMPDDI`GYH
M&)!^5>7_`,MM>6]Z0/S_`,X?G=_S4OZ$29I'M\]#]NJL-8E]/]&0])#N**8@
MKMLB9C0C1B7PSHY!TJ75Y7S<:8.L<IDN."*%*;<9>9;<;4G#\J\O_EMKRWO2
M#'U`9P_.[_FI?T(E)IGISTMT]C3X>FZ&!1AK0_'DSS0$A-GXD7XILMJ/<<S-
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M:E_0B*O\$^@,2L2UZE.E.#Q1:6.ZSL*SP6P[?/AQTT]:;=3X)FE-HF`5WBO6
M&6J;;@\DO,7VASD6]AA6'#DQ[\J\O_EMKRW?2#/Y_P"</SN_YJ7]"/3,Z>>A
M>)M@6NYKI2IH&P6)LD&T0.=PSC$?%Q3`6MI1!T'.3<]!MV&1(C]K1N4#NLQP
MN2!C6/.>*D'$@_*O+_Y;:\MWT@?G_G#\[O\`FI?T(EE_XU>A[_H!7O\`]#>?
M^:>/RKR_^6VO+>](,?4!G#\[O^:E_0B7=&H]5UK4H&B4>'9@*G6`41L%##O%
MD,QP*%K<2.V^<046XG"W%9[7'%J^G\O-UI]/DZ5)2].I[!-R32<*$D9F22[T
M3,S^TS$7UBL5*X*I.UFL31OU.87C<<,DD:E:HF22)):NX1$,KY]@\P?_T[_'
M`#0X_3O1A'Y]\65O(KD]>9G9/?!N$I&OPUUGWY1<K.0IL:H20'>)CYDB.RVZ
MZ^SB+4D/"/+MMH2&8CYXWI>T?',L1SM)'GJP%#CPL51K?(RMTH4.,R=5959,
M;3K6;,0+4J3+T:)-46ME9"#PU%-K;)*-=)!$QM2B4:JZSIM9U_1X8*O5&H0P
M,#7X8!E#(P,='LI991A*$I\1YSNY6ZZKM<>=4IQ><K4K.0P,LX`.`#@!H)OI
MQHC)$V2Q+7T1<U>I[97;&W::AWHJYV9,X--S$2;#O`2++ID/8BXY*77GD,1Z
MFV6<-X''RT&8C]X[IQU?#+_H(6SP(XL.J&@(^%O-PCHRH,OEUH\XJI1P\TD2
M#.DSJ=&NDK;1G#RV'N\GL/D<&`B-JU6KP]-@QJ_!,D-1XQ$D:I1AIDD<9(S4
MH;.34I(2,@\0:=(R\S(D%$/.+4IQYY2L_E[.!@9#P`<`,1OE)@]CT^?HUE26
MY`64%4;+L!%+$=*`<<;<("=6G"D/@G(;\$D=U+@Y0RULO(<:<6A0!K<[ITUQ
M,^6Q9<VNT-(AV823#FKA/KB[($`[8W(-=CA0#`(:4+KB+6:V$]D=+C:<CJ7E
M;@("Q@S$?ECIKU6MQ\DP.S2<C)>K,6*7E+O;3Y:W1,X!4XJ5KMM/(F%O3]<-
MC*)#CN!OY4RXR#W%X4D@S!`(C??`P'`!P`__U.ZG5-U3=0M-ZA=L5>K[8M4)
M7X2U$!144$0,@4$5`PJTL,)6*M6$84O.?ISG\O*\LTLTLP:-F#==+I=US3%/
M8FC2A"33A2G"DX%%)Z-([DRZRZLBJV1;=1J-MRSTZ]+$I:U$<5'$])Z1N_HZ
MZG-[SU,ZB;).VQ>P9^FUNDD4R-O)9"(!F9FYR3B_]_?B!L2`X1"U->,MI+CB
M4([4I5G'=S+O9LO:Z[MGKL;N2N/SB&&I<VR<,CPFI3I*,H$6O"4?\!&&?MI6
MW;,I;*Z#1V95;SCY+-!&6(DI;PQB9ZHG]HFP+UM4T-Z<38ZU:<+'ML[!A0U>
MC`I*?@`J/0=,S>RF[<*_.CX?FZ-==IN11(T5@Q]Y8O='9?6G*E]8#FN$1[2^
MLNFQ#1J+C1KY7)("?V''$QXR*U8O+0-&LFZ:P+:S"8JPJ0/'V.9TWZ6TUW5N
MM3MAB@OTB"%%(!`99']3L!(6'65<1KK9XY.XC\)UT84+1&P+!66825LDK>\K
M1?G2HBLPL'&MD/,G,C3+R3ATB@$+RZEH$!\.N^IV(NO3_5=WLUBPSJ9QW6U?
MS#5=B$'*F;C?9BHU);%<%M5FAO*0(5OM>&D$RQ`&'P&<FCY(#=%()!#3`8?L
M;JY^'X:'.K=)FPG;+6MCW2G'7<6,;A[Q3Z1I[8NPF+'7T5RT2,O'"/R]=AD.
M,3+$6<L"5[S;'B)<RP"`VE`]1M6G+3K^K+JEZA7-KYDBM:S$P#6TP]QK\56Y
MJU%6D/$9:9.7B(?TJ*8RAJ4$`DEJDA>P7N^94,"`]O2VY!]TQMFFX^ISE8AX
M>6JXD*]/EPCQEAB;7JO7>T0)=0<))2C<0MH78"!%C./.+PL;Q.]^D[C8#T#=
M'`P'`!P`<`'`!P`<`'`!P`__U>XW57+=$#'41MIK8>X-OP5V1:R$V2(@M;B2
MT0!(^6%[[`$BLMM9;&&^[G"\XQ].<\XCS#LC+2HWK<<[5[JJ3-2<F#-Q#<NA
M2$J@6A*C.)E^D=W9;R.;[EBVRNA6O2WJ0<L7)+<FE(6I,3TJ3A\4XQT"3_M]
M272"\QO)[7^QK#:J\'!TLJ_N[:K,53*[#1S$I-O1!:CBS,A.(4<TO*\NJ2EM
M3:,]O;GDF9#VW9U!F[D7:U<G)QQQMDG"?:2V222IS":8&<8F9Q[T"$6]H*6O
MYB3M<[THLE*-&Z_R1R[YO&H\+6,E$9%A@6&'?B?>'3836NCKKX]VCZ?KFU)M
MTW\:$6N/C(&:9LLVY!52J.3SDR*@AJ7<*KU`A075^(XAX>'$;7WL#-81T@.8
MQ]:]7Z?/D2`7*;2CI:/-59BA'(^-*D02['L`79^98AA6%DC(F=EU-N:2M6$M
MOR@&7T]KC:LX`/9C=9:\AYEZQ15*K,=.OS+EA<E@H<(<_,T\#.1ST@@EIE+C
M3SPUHE,K[F4I6[)F.YQETI];@!_J'HVO@XE47!5NML0J92OEK!C`@TQ_K>O<
MP<3727&1T^!F4J7P7'"L+SCQAL1;#7;C`Z$I`/-<T[JIUR8><UY4%.V`F0,F
MG/08_"I%^7B;#!RBB,X8QE2)&-MTLA]&.Q#JY4UQ6,NED+<!$8W,Z^Z>LLIS
M/UC5:&-D3P!(JI,2MM-W&P&(D'P6HI9'<Q+%RF)H]WP!LJP6J2-6I"\F%9=#
M.D;&K%*J=+:,8J=>BZ\Q(9B5&L1(K8;)*H*O0]2AU.--82WG,=6:^"`UGLQW
M11&F_P#10G&`P,A42.DAH13[*2WV7R6!5.HP0\.*L9HI]IC*O$<9&<,92XK&
M,I0IU&,YQE2>T`_;@`X`.`#@`X`.`#@`X`?_UIK]>>M=BRW6%U`2450;K)QQ
ME^,>$/CZK.FA%-9"!QAT<H8!QA]O.<9_.2K./HYP[F+2JH]>]R.LTV86TJ9,
MR-+:S(R@6HR*!BUG):X*#*Y5V1+S-;E&WT2224E3S:5$>)6@R-1&1_XD)B>U
M9J#9$B#U`03L+::1('373),`S$G#9ABA!:;N1JVSDE#9M$,=#FRL1#Q+K[#3
MXI3#CZ6T.-+0O*<R=D)(SLI-W,<W*.M$IMB&-"DQ@IR,(D48"".UY5:74:=8
MR:?4I=\T/S6+DW$+A%#$(X3.$8'"([*R.C+Q7)Z;-KMKV)8*F['5H^8@8V\C
MTJPWJ5E;GMFU[67%8JN:'4*K<9TV8K#R)-EJ,62/&.@)+!2<<8OI0</1&FS-
M"=4T.S;)*KW+N3UVNI\R<\[<[>>8$L;6&J*AJF0?.$NU"C2`M>.5R7#GB70C
M_B->&)$J"DG%8':!$AF=NUEU)%D;&]%L=R4,?LC$U`*'O9X;A4`4O8GIP,6P
MQLJ%P%`0+=GA/'2.]6,-YA4X>B[#X+JID&@?C9M4=3Q\%L(2)M]CC;M/R>TC
M]?6N(V*L&J42K2\[<2HRH2-4PV*+9;9-,2XJHN<=!RY$(>PKQ`U1#`TJ")#W
MY[7W47%;'Q\(2LT=KN(V+0)BI+D;]/R\D/0ERU#,W%`6!Z;OD=F8)EVE3&(7
M$R!:<M,8>8'>A.X$Z^#0/CMNCMA+UCHV%AJ^&?=Z3H24U">9@^GR,"'(V"OZ
MV&/@[O7[I#G`V74,U-T0=V;)A7P[2,W',-QOB(,*RR#OC^0&I^I*4V)WKY=Y
M-B@KV+8I2P?"-TN-:>FZTX/LTNEIAE)O]A-BX^)S)0`Y@D>/6&W'TO(>&D6A
MF#U`T#[?X>]2KP-=D+%/FRYP[,V!>H:L7-ZOG3<5#V?1<.'FES3),.W"2U^J
MVN[!.I_21V!"9]V.<)$4OS[(-`Q].L^J\B<G5*M1L/!$U,@.`:9O<W.R\9$J
MU1&00U4E+(588R&F[JWM)E^3<EAZI$R2@N[W;0EQ3C#@-`EIIZ,ML/KJOQ]X
M4;FQLKFEDHDI0F:DAX\FP2I4"'(R)D_;27I`&OOBLOI7,3*F74*;]0/[GFW@
MP-F<`'`!P`<`'`!P`__7O\<`'`!P`<`'`!P`<`'`!P`<`'`!P`<`'`!P`<`'
M`!P`_]"W/);OW-2C8(0])=K38^H/>F*X<4"S%Q0NMJG*;RJY-;N9D3"EN@5[
M5Y<17I[U)+>)"2AW%,LMDO`DNDAF!#Y);JOV="6"R(\.AV&L#Q-%C*U:8,*-
M#J,X[)2NU';+N@*>N>U:5#-ZZ&9K,17GHY^5P@:QGL)9ERF2!LF`@)0YV[.X
MTNYLYVM1@D_B"I,G(U)Z:=)31";9!4^3EV]@'Q\>2_&A41%E>D)-Q@=U>(07
M!*$9RYA/`",]?ZN+'!@;#Q/H@]@RXEYK(.LQ:?DEDC:T9,[8G*-91=:Q)J\/
M2WP_5H@64;;:)D&1W9-I#AQ(RQRW\#,!FL1U"[%MV@-I;$&#JM*L-,E`6(NQ
MF8A;=3<1ZV*O,3A$B'6-B2@J\5(67+`,6J:&7E8?FWF05J=CQLC$-,![PW4'
M>5UC:LZFM5.6DZ9JJZ[#8K$3)2N)"@6FM"$O1.H]L$>`;A-LGFVL$^/'LH\'
M#);6!G&F@SI($!\5IZA[Y2K,U#S$31I!F-OE1J%PCP2)<&>JM((B:],W'J#F
M6W2I`:+UF)YPX5EAW&6@\-COD2BW5$@#`@,>CNJV]3+T_/5NB0-PID=9]H5>
MO,UXV=(G+NY38#>]DKTO`R(T?)1CD=8&=.`AC^7'-3(.6'!##B$"-,R((#&Z
M_P!16SS[-<!H:4HVP&7MD1]4JECKZIES6[,1.JZ&J^1("M"M$%37PP;O&Q%9
M0S+/-DF1[S"R0\N.LQP(#+1.JV>:FJ4Q:`:)3`Y6>K]=L$389&;"F2X\VO3D
MS9-H561(8'BTZ^KDE!KC%9-;3CS"2%/E#+8&'D<#,!E_41?]IU:[:UK6OIZL
MQ@]M9BW'@Y:#*-/>/&ZBNF>FGEI/8E6U/0S%(V/,8*`:%;>(3].#1?S7V<C!
M#'M==3EYN>UJGK^3UNW"AR;#H,V9F2A,.Y>$HY]I-O=?%,M0UR-H;=B!37$J
MS7%"^I/*[\FAUGRCP(#$Y?JKV)07)IN;JL3L50^Q=FB"QM7#D(">C:+4]J7B
M@-"&M*+L@IUCA7IO7':I2`7)(*TY*9&REG*U`@-JUC>%Y*F;;$V")ICI59JV
MX)>5C*^7*YDJ?):OMD96JLU:DEK?7@+=,,8_8(?#K,<Z+'BJ;:]33WC&P0&D
M9[K1MD%07K./#TFUGLTVN[!236%2#5;,=D:W8+)/:6!D[;/5:,>VK7D0XJ%M
MK/;FG@))![-;<4.Z`H$!DMHZB]K13[5@#<UPFMR(_4`F$AE#(4Z[%ZRZ@-5:
ME@KL7:[)?Z17C1VJE8I2?($R_%`O-K:9]0:;1YW((#8-VW];:_1-?VR*B:BX
M3:=7VB^K;EB)\,*U6ZO`5$F`U#1VRQ8N459-GN6`S,04MDPA#4:I34:?AS.6
M@0'X-6';B-+$R:[FRY>GNJ1-79G?A+&`F*)CK/8H>8#X=S++6N,SK%I4=X^"
MT/\`@+\SXOC8R[D'='__T;R=3WM0[?:K[4`BEAR6O$&DS3Y4A6C`78Z,E)*&
MDI)"X&?FBHAD*0BW4J9EF8TQ;>4O-LK95XG`S`8B=U-UJ+B&YF4H&U(X==2L
MVQW&2Z]!H?9UC4(RI2U@O^%HL[@9D:`-=049BQG7[(I[+C:8W*VEXP"`\F.Z
MJZBU1<6RPP\\DMB^FZW+BX`!@];EE8H9&S!FX_S<B)E\0FJ(0G"UY0KSRLM=
MWN?I.`AI@/3&ZGJT9(1L&+0=E/62<GIRLP%<P%2T2,W-U0G8$=;@Q27;PB%$
M:K,QK23$?(,+&%(5AIX1PD1SS"00'LV'J*I<%!T.QCPUQL45L*BO[*AWH.)`
MPZ%3!RJ"&[*RPTW+PI#)'F-EQ6$A,)(/<[[O<95X*^P$!BLEU>:OB#QHN2!L
MPLB]'[!??C$YJ)DT',ZN"O<C=:NNNQ]N+L<A)Q(>N)16#`1"X1Y:&6FSU/$,
M-K!`;'D-T0#,;$R,+!6BW*L.P;+K2N`UUF!P5/66I`6XV>4"_.V"#BV(H-VB
MR@_F2B1T*>&[V/T*D.Y#`U1.=8%-#J3%RK5)O]OAI=Z&C:F>('`0H%LL<O58
M^]YJ\>]/S\>='R8%.*(+>(/&$C,/`$!X+R8E+"PS`QGNS.H[6NH[*/6[N87'
MY<KQ=E*DQG(4YN/`%"L,AA#E=&F5WR2=?&JY><+CX@T=I6&\/.M9<1V@A$1U
MO6ZZD,[N"^3FB[4=LO3PFP3X"IR+`)CN8*C:+UU<9R\V0`*VF460(CQ-WHAF
MB(MV4L/ITH^$&TI2I$9L'>[PE;=]QU*@.69N=;F%JJ<=K24E/(!L$84-M:[S
M5`K&!<N&,>*ZW.P3^2L9[F&F,I6G*\YRG`(#'@.H:EN4ZVW6P1EFH\?3:/";
M*E`KB-"QTBY1[.+-$5J=8R%/248-ZT]7#AT"&$BGC$#924PQA3:E@@,6C.K?
M5LHL!EABP9?D8FX3K.1LU::C,0^O!W3;]*)L]<M,U4"HRG!E1*CBAY!X9+T^
M`,VXX6HH<4$!]T/U$T78+7H$/5;=:"#")"$N4'"(J-E^$8_&:L,8=89"MW"5
M@Y>*?`NX;V/02Y@A3/F,8:\40IMD$!A6M.JJN2X%<#F*-/4-J<U_K:R4VM+5
M%2YV$7'-"A8NJOR,5+%0?JCTML.):!QA]"715N.O99RP^AL$!L>6W\Q$[%MF
MM&]<WRP3M>"B96,36,5:0<L\(_$L2=EF0!I"RQ"P`J:](@"E(+4R283(CM@M
M%*4O"`0&-VWJ6]*OVH*I3J!8=@P>UX%%JB[/`&UL5!L4;4[G8HB-B8ZR3]<)
M1,'HKC!/BF^6`:!6[XCR'DH;4"&L?$%UJ:(.5*NLSQ'IL/3L7,J02Y!DD8#S
M38:^>G.U0*<*OT=(YKTXSW5F1(P+AN,AH(46IMEP$#'_TKJ].MW3#&6"2L%>
ML-<A[*9)W&C%CRDU*AGN.1^Q)J`F($.O39F$,0Q.QH*1;B61QD"/G.%XCTY6
M43AT,Z1A$3)]'I%+'F*L#`S,<76ZU;DU^++.;LQE-MD/4F(FLRD3*RL><Y2\
M561A,/U,Y6(H:)\@E8"1_)IR#2-[%]/^G#I*-E2J'$NEP[RBXY&79%(`TDH&
M3BLS6(E!J8IV?]'F2@L2"V5&X!>R-AWP.QO`(F,I8UI0Q9F*L(]8C&IJ#DY^
M9B9%*'/,`2EI*LIMA-85ES*</2Q=QDW'>W&<94:YV8QVX[`P"]:4-R.@HA=8
MC%1M9K*J;`AY0YX,75U/ULI4*-CQ.U(62*?&+[,YSGM";^GZ,]H!CA&D-<>I
MN6"*KHT/9$3,S:XZ4$(D_*@7>=;GF9*ZY@D2+,*79I$6S&AEF.,Y),BR%Q[S
MB@LX8P"(]6CZHI.OZ7K.B0,5A4+J2.C`*4X;E#T@"]&UF0J.9@@AAL9LJ;DH
M:8,261E&,D.&/.*QWEYSP`\I[1&IG@W(_--#:!7!AU]L04Z8"'!#CX(.K@GQ
M30<BPB&LPM:C18]$R)AF7P"(PQYGPF&DH#,3'IVG4.M[M*IF;750IPW^C<N(
M-(D%1Q3D2HQ(#Y\,V8W#R)+(DD4&IU]AQQR.,(#6I0A#S*PP,5+Z:M'GP4O7
M#Z""?%6(N3+LJ3I.?,D+/ZW5H2CS8-GFB99V:LD),TVLQD47'G$/@DQ\:(PX
MRIH9A*`S$QD5^TWK[9+V3;1!-%RS8(X0LHV08P\PJ.**D($Q\5DAN/E"ZS)'
M/D1JS&7_`"+I)'@]S!)&'`1@/SJNE=;5&HFTD"L1YD'+UF,I\ZQ+H7+9FJS$
M1+L+'5TSU%PK#=9CHXE]H.+9\.-!00ZD9AI+B\9#`_#^!&I%#E,$4J/D%'LK
M8D3I8N5F)B20^+9@#%2<Y*GF3,B])1]SE1RW'WW'#!SWFGU.-KRG@(C\4:!U
M$EY!+M.9,+]9^("3).7L$J;*RBA:F,^[/&24L658ACG*)#%%#'+(&*D(P<UY
MM9;:7\!F)CY%=/\`K=$QKJ2!B$@":SL/Q7`Q2%N&CN3851L='K/F7Y5P\A,/
M4*];CT1H+2FV0W,"99\-`;+>`1&46+4VOK6?)R4_74'FS*(=J3=]1F!4EM0C
M,J&.RMD*0&82R?%S90$DA*4IEXUWR1V"!$I92&!ZAVOZ?(VFL74R#'<LM-$D
M`:U(I>+81%CR8;T>2EL!@AJ-(=0`4^PPX\RXX*T2^AE3:7WL+`,6'T3J,5HT
M9BBP[84A6\U(J-[QJHI<(JO1U1>;;BEE*C1Y(JJPX<:^>VT@]\`,<=QY33#2
M$!F(_].W?&?PI^-);P_XS>3_`(O0?Q=YK^$/PWZU_P!WNSOX6^J>%_;GX3_[
MB_7O2/3_`/?_`"O9ZI^@[O,#^AH&L_P!\76?FO\`N8\;^'5<]`^+_P#MU^(_
M@/\`ASKWTWSG@?V[^$^_Y'L]*_L_\1>=\M^C\7@9TZ1UTA?->C1/GO4_.^F`
M><]:]&]9\UY5KS'JWP[_`&?]3\;M\?R'^Y^+WO!_1]WF1_`]/@`X`.`#@`X`
4.`#@`X`.`#@`X`.`#@`X`.`'_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>23
<FILENAME>g36434g73w86.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g73w86.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0V84&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@`````````````!B````D,````&`&<`-P`S
M`'<`.``V`````0`````````````````````````!``````````````)#```!
MB``````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"OP````!````<````$P`
M``%0``!CP```"N``&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!,`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#TMO3<)I!:P^T0/<XQ][D_[.P]S7>GJP!K=71`[1N]R!Z[B2UN0]I/
MM$U$ZG7G:G9D%S@?7>0&RYAJB=-_.WZ7M_-24E/3<(M<PU^UY:7#<[ENK?SO
M)(=-PP[>&$'3ASNT]MW\I5S?8)_6GC30NIT!/Z-OYO\`I%?WGCV_?_L24QQ\
M6C&:64M+6DR023K_`&RY%6/U#K[*2:<7;;:)#GD^QI_]&K$OS,K)=%]KK-VF
MT'VS_P`4SVIPB2Q3S1CH/47JWY^#7(?D5-(Y!>T1^*E7EXMKMM=U;W>#7`G\
M"N4/3<Y]#RS&?MVGD!O_`%>U/?@9=4FW'>`/SMNX?YS-R/".ZWWI;\.CV"2Y
M#'ZGF8Q'I7.<#_@W^]NG]8^S^RY;_3^L4YGZ,M-5_/ID@R/&MWYR!B0OAEC+
M38N@DH[C^Z?P_O3/=9M_1M]VGTN.=>"FLC-)`G,WZ[-FDZ&>/=^=^]]%1W9X
MD[:S`X!,D_/Z*2G_T/54E7-.41`NC4F8UCP478^80(RG-XX:P\1^\W\Y)3:6
M+UKJ6U_V*EQ;,?:+&\AI_P`&S^7M6A;;;AXMMUSQ:*PYP,0?Y#/;_*7*U5Y&
M5>VL$&Z]VKC/)]SW\)T1U8LTR*B-Y-G!Z:<RP^F[9BU?SEQ`'&KF,'[W_4?]
M!'LZEA8A]'IE+28AV0\3O`/YI]MK]CO^M_N)NJYE+-G3*`:\>F!9K&\F'>GN
M_D_X3=_A55IPGYMGI8>[<WW.?9&UG[N[9/T_>Q.WU+%\IX8_-U/_`'J3-SNK
MBMYMN<P$$`,V@:?U?=_G(E?4NKU--HL-E0)_G`".?+98HY%?U=PRZG+RGWV\
M/92"8[>[T0[8[^O:I5XG2NHAW[+S(R()%-P@SX[7!EO]K](EIV_!'JNA+U?N
M\?J2UW].ZJ\LR&?9LQQV,N;&USA^;N_.]W^#N_ZVJ61C'"N-64\UVM&^ES/S
MH/M>T_F>[_,4'4UT%V/D,?797(@1''LY_-_/]1:.%9^UL*S#L=NR:(?1<>_Y
MOTOS]O\`-V_U_P#2);>2OFT(]7_2_O?UF]TCJS,RDLN>T9%4;^!N':W_`,FK
M'V_F:+!']0S\/TBYK#RWXN37D20&F+&]RT_SC2%UZ;(46?%/BCKN$`S6DF*W
MP`"'':)G\UOOW*(S@0T^C9[C$'8('[SIL5I)-9'_T?54DDDE.7]8K2W!;6/\
M+8T'X";/^J8J'0`UN1?D/'MHJY\-QG_J:U;^LK)QJ']FV1][7*GT1@L9FT"=
MUE0C4_\`",\?Y:>/E:\OYX?RZ.>XL?6ZVQY-CY>]A;())W?25KJU[^E=(QL'
M&<679@+[K02'!HVN>&N^E^>REG_!*F,9S\?U&Q&TD@O@B/Y)<C_6IAL9T_-;
MK796:Y[`D-M9_G-]3_,3NH8K(A,C>A]DCZG$HQK;0X4,W;(EH@?2,-@&$K*;
M\=[=X=3:/<P@PYI'YS7,/L<BXUE&WT[64`-]PLM8YSB2?H^QS?HILFRD_HZJ
MZ8$'UJFN;.GT=KSY^]/ZL%"K=^VT=6Z+5U&T#[3C.-5P'T72X,U;\V7,_<WH
M>$^JCJ&/958;`7['2TMT>/3\?WG)=-K-7U6M<_\`[5W;JQQ(W5U?]+T76(5.
M*\9>.P@$OL:0&OW2`0XN]KOW5'W'FV;/H/4B)^J3JM/I]1R&=G.WC^V-Q_Z6
MY=%TRUUO3\=[OI%@!/F/:N?ZSM?U.TMD@!@D$Z^T._[\MOI1;3TK'+SM&T:G
M^4?;_P!4A+8,F+^<F!X_FWTD)N5C.(:VUA+N`"->^B89>*3`M83X2/@F,[__
MTO54E6.!C&8!:73JTD'7F%(X6.>6SQW/8;1^1)2+J^.[(Z?:Q@W/`#V#S:=_
M\%S_`$K+&+FUVD@5O_1V$\!KN'?V7[5U%=0K;M:YT23KK](EW?XKF>J=.?BY
M>UG\S>2:M``"?I4_V?\`SVG1[,&8$$3'1'U+#LQLY]+&PQYW5.Y)#C]!@_D.
M=M]__!HV-=CMQ']-ZJQPPWDEMCMP+'!V]WN_DV>]KV_S7_%H^-95ETCIO4';
M+VP:,@F22?HM<[]_\W_A?^,5#.PLS%>&9#2ZINK;-2P_NQSZ?&[:].\"QD5<
MH_*=_P!L9L,CZIYX.["MKRZ3]%Q=L=_:@.K=_9=_84\?ZL"D>OUF^NC';JZE
MCC+@/S76^S;_`%:??_+0;7"NIQQ['@EI+BV6:_V'>Y2?Z1!?8]SK-1#A(^'J
M.<C<NZSAQW?#].+TMOJ-]O4'-=14]F-CRRD-&@,#5]8]O]5G^#8I]$I#;+,^
M^&48@)WC@D@[_P"5^B8A=.Z9E9/N>748[)W7GVDM'[C?WOS76?01\[)9?4,+
MIX`PZ`"YTP'Q\?I,W>[=_A;$/`,@N^.7T'[Q_P"]<VS]:O<X,;ZV0\D-'[SS
M[6KK15C44M8RL/%8:P-`!,"&_P#163T#!-EGVVP>QFE(/=W#K/[/T%OILCT[
M,F")`,C^DU"ZD/V?93$CW!K8^//YB8VT:[L5X'<E@(5Q)-9G_]/TTU91$"V-
M9F!Q^[]%,:<PB!?'&L-/$?R/SE9224AK&4T$6%KS)(/&GYK=&J.3C?:J74WL
M:YCOY1D'LYOM^DU6$DD&J-[/)9_3,O")WM:^@\6B8C_A1M_1N_Z"EB]8ZACL
M%9<VVJ(VODD#P:^`[_/WKJG;=IW1MCW3Q'FN?S_V!N=Z>_U)U^S_`$9_M_J_
M^8G_`-X-:A?ZJ7TU179W1K*K'78!8\M/\WMC\'5?]2I_M/IV.[=AX(%@X?9`
M@_+U7++R/3]-^S=&T_2B?^BB-]#?^F]3;.OI[9_\$1T\4^O^K?\`@6DS>H9>
M7/JV;*C!-3``PD<%V[<YW^<K/3NB7Y1%F0758XU@@![_`(>WV,_E*[TS]@[V
M^C_/]O7G=/\`(W_H]W_%+90LUH%`1XKR2U[(VU%C0QCBUK1#6@-``'#1[4-V
M%4XR7/DF='$:SN_-^*L))C9:S<&II#FN>T@EVCM)/TMS?HN3?L^GLYX,0"''
M3OI,JTDDI__9.$))300A``````!5`````0$````/`$$`9`!O`&(`90`@`%``
M:`!O`'0`;P!S`&@`;P!P````$P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H
M`&\`<``@`#8`+@`P`````0`X0DE-!`8```````<`"``!``$!`/_N``Y!9&]B
M90!D0`````'_VP"$``$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$"`@("`@("`@("`@,#`P,#`P,#`P,!`0$!`0$!`0$!`0("
M`0("`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`__``!$(`8@"0P,!$0`"$0$#$0'_W0`$`$G_Q`#6``$``@(#`0$!
M````````````!P@&"00%"@,!`@$!``$%`0$!``````````````8!`P0%!P@"
M"1````8"`0(#!`4(!P0%"@<``0(#!`4&``<1$@@A$Q0Q%18702)65PDR(]25
MEI?7&%$D==6V-]AA0B55<5(S)IB!8D-3-#4V=M89D:%R@F.W6!$``0,"`@4&
M"0<*!@$%`0$``0`"`Q$$(04Q05$2!F%Q@9$B$Z&QT3)2<I(4!\%"8B,S5!7P
MX8*BLM)#4],DPI.S-"558_%S@T06XL/_V@`,`P$``A$#$0`_`-U]3[D=\QLD
M6<U/?HW:&YGUO_$'JR&K(SNRV+O38-IL]-8=QTIH>-OO:798A.J:1H==L>O8
M5B$S`OE%2>?'MU4C(RBQV]%]T&.Q6/G^ZF&TG&SMQ[:-X7?NPBQ[9[<]N,3:
MK\YV4LCW5V*Y:BU]VIU]\:0_,:<V)NN_WV5BI"D-BPS))-H*R40R&/4*X*E-
MH42Z^V=W#2WR+[3=@RV\;EMG67<UL.K7="T[BM?;OLO<FGK3VZ;2W1J*XVV^
MZHGW,DC&QLLV=Q2!$'9RO7%/,5P4#B?DJT&E=+1M[-'PWZ,[A.Z/9NH+-0]$
M[I)KB'<=Q5BA+;`;6HG>IWF:S1K$=$QUL2B>Y^Z:^@M?5ZN-G$O%3Q[:E&-7
M2K$3R1D#DIL"V';9V-;DJKV9#W%7*8T#KZ_UA:1[E+7"6^1U.C#[:2UM!2E9
MU=8MEQ+R*E-9U6P6A[-G,[;2D.X<2<,PC2//ZZ+5W5?.VBJE1Y[>6Y]NZGI$
M59+CM+6"6O\`NMFZ+.S7=)O+MF>[&UA3NX+5-3U;M>3M&B:H[E=E2*%6GG<?
M$NGS=!G8(<R4QZM91T5RO15-%93NGN^LZYW/:PI>Z>X:R:)U>MVN[KL\<]9=
MPMKTF5YL"O;"TS%0DR5W%W"`2OMDA*],R)VS"33ET%^M0RK1<.H!JJ#1@%2>
M)W!W0;`::D@+Y+[(=7:X["[((RZT*.V5<>WJ3D%[GV<;GOEYB74U1E8F?UFM
M8K97FDO*1S,J'EOVP-5"%`HE"B^J!8Q&[MNC?;<!KO;&T4JC"UEQWDPJU$W;
M^(5N#MO8UJ0I6Z].,J##'WWKU"PVW>,O$T*U'<,/?90<EC94X+',LS`ZA*8*
M[%;VA59S;4^WOG</M6"W5_,[&4?5^E*'>GT@QG=!/3U]K37K'5_4I$W76-\U
MF[-:[!L)1%Y*PKM=\5G-MACTX\A4IR:E@*A['KNL=U4O&[3WG%U>I=Z-'TG;
M;W.[OW!L=[ISMFD*OV^V6^3L"AL6UWJ*K[B/=6I^#^U':&DX"'D7;[UK=!D5
M1`FQ87;]@7&R;$UEK71.Q]B[N[=[!WCURHU.>B>Y78E8<W/GL:[O]E[+U-%=
MSE6EG%\MU#U_<]?UBP%<GEYA49LSF(7=BFT%HT)3;L4'73N!VS6-?1KBR;PE
MJQ)ZXG.\.O.=27KN4L6G]B-I"E=P-DKM&6U)O][%6BE]VNTM45&*9-V].O"2
M[6=CY%FO()BLY!0Y5IR+:#W0.;S2.Q+NGO5=V1LB&M]DUO>-BU.P.W"\#==6
M+6"LL#1D/``5Z_4KSRKJ)BL5)-44F[Y18$B)I="1*KY&D+4)M?NM[KYFM;`D
MU=D7ZA/.VCLH[X]!;`+"2+ZOIW/O)T+H&^6B\;?(1$X>K;Q*$539ZIO4E5BM
MC3KSH4,<O5E%]4"LYM'<5?B*=V\(5;=6JF\%9N\8M5V<I7_Q9.XBXT9S5#=G
MO=;<*]#7SN:D8=+8.GVSZ]TI@]:1,>R4:3,C%M4E3B"ZGE%3:K+QL)7[)W!=
MF*M;V;L*1J%]U#O6U6%CKGO0[B-J:OL-CU'(Z.95=9E;7%\B&U\C(1[895!T
MLX8-RS0JG"2;K&*!"55-16M>S=T/=A1Z3N;<\?LK85OUUKW\/JMJ;(K39\_D
MYZI6+;^[/Q#:E6>Y:K*(E<2Q;'JR<T[5V<MY`E_[JJN7J@F-$-B91?5!TU5F
M=B=R<S0%+7>-C[@OD-N&I;HTK&T+4\7M(]5*ZT!*0.J!+8:]IA\P<P'<%#;.
MDIF7-8YUVU>NX!99\FVE(L844TBI34I)[:-UVUUWE2=$G-L+;23MUF[B.4:S
MN*:?S]0C:]:I"6KM-[@^T&^P:#GMO/K*)(A!0EEJSHC6U^8T6DD3'D4%!(=&
MA13O'N)LRNVNXYAI?N?DEW>JE;17M[E4OL&U<PL!*WC6$?+0.D-(*6*<DH61
M[5=0'L$Q9+\WB6`N94X(]4FL5PE#$&JH4<3/<-L=K8-P,:UON\NZ32UIM3\.
MJ52V9+327<O?DMNU.)G*2XL;J6?/>Y"/JT^[)4FK:9<2Q#PLDX>B999`DHV*
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MI--3\VV6ZM5HG1UE"<FXZ,.H7V!Y23QPBJL)A\``@"(CX!ER.&:7"*)SN8$K
M"N\RR^P%;V^BB'TWM;U5(JJ]V+O6[>H`3IHVYY8G!!$#(5V!EG0?_L>/FT=&
M*@/_`)BYLSX\HOGZ8@T<I'R5/@48NN/^&+:H;>NE=L8QQ\)#6]14+3/XC5$0
MZOA[7=ME.`'H]\R$/`]0]/(`;T*ECZ`Z_#PY\/'_`&9ELR&8_:3M',"?(M!/
M\5,N;7W7*YW^LYK/%OJ-)/\`$>LZHF]SZO@6`"!^CWG8I"6$HB!?*$PM8Z%Z
M@((#U<<=7(<=/'CD-R&,>?<./,`/E*U,OQ5NS7N,GC;ZSW.\36?EL6)./Q$M
MQ&4$6M2UHBEP'!'$9:7*G5_O"*J=M:E$!^@.CP_I'+@R*UURR5YQ^ZL%WQ1S
MTGL65H&\K9#_`/Z#Q**[/^)+W"1=QUY"M&&N",;9*V1K)%-6Y8ZB2,96).9:
ME9J&L@BD(.VA`,)_,$2<A[1YSY?DUHU\+0Y]'$UQ&H$[%>@^(N?RVV83NCMP
MZ-K2*,=3M/#3\_8=JDQ'\0[=294RJUO62_0!0.H>%LY%50#CJ,(I7$B)3F#^
M@@%`?H^C/LY%:?S).L?NK';\4,_``-I:']"2O^K3P+)V/XC5Z3,`R>NZF[)U
M"(E8R,Q'&$G3P!0,X/*`!@/X\\"''AQ].6W9##\V=PYP#Y%F1_%3,1]ME<#A
MR.<WQ[RD2(_$?@%1*$]JR8CR^PYXBS,I<1X`OUBI/8F#`.1Y^J)QX\/$?HL.
MR%X\RY!YQ3Y2MI!\5;9U/><GD;ZL@=X"UGC4PU_OPT#-"0L@_M%5,<>!&?KB
MRY"CR)0ZCUMQ8``IN.0$>``!\>/'C%?DUZSS6M=S'RT6]M?B/PU<4$LDT/KL
M)_TR]6!JVY=4744B5?8=2EW"P@";!*:9(RAA-ST@,2[5;R11,(>'*0<Y@R6E
MS#7O('`;:8=>A2:SS[)<PH+/-('O.H/`=[)H[P*2\QUMDPB81,(F$3")A$PB
M81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB_]3W\81,
M(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$43[#W
MCJO5A#A=;E$QC\J8*$A$%#24^J4P<IB6&CRN9!--7V%44(1+GVF``$<R8+.Y
MN?L8B6[=`ZS@M+FG$639,#^(7[&24\P=I_L-J[':0!RJB]^_$52(9=IK&B^?
MTB8J,W='!B)&Z3"7J+7X=<%3)G`.2F,_3-Q^40!Y#-S!D1P-Q-T-\I\BYUF?
MQ2`+F91EU=CY3_@:?\8YE3>Z=TN]KT98DIL"7C&*W)?==8,G6F1$A'D4#&B"
MMGSM(1$>?4++&$/`1$.`#:Q9;90TW8`7;3CX\.I03,.,>(\QWA-F;V1GYL?U
M8IL[-"1ZQ*@)===RLHX<K*N%UCBHJNNH=594YO$QU%%!,<YS#[1$1$<S0`!0
M#!1ISG/<7/<2XZ2<2OEE5\IA$PB811+=_P#,C2O]O73_``#.98D^UM^<_LE;
M.S_V&;^I'_J-4M9?6L3")A$PB812K3MX;<H`I%J6P;+%MT1(*4<=^:2AR]'Y
M/_!98KZ)$/H'E$>0\!\,QI;.UGKWL#2=M*'K%"MS8<0YWEE/<LSF8T?-KO-]
MAU6^!7`HGXA]VC3(M=A5"&L[4O00\G`JJU^7`O/YQPLW5]X13U7CV$3(S*/]
M(>W-5-D4+JF"4M.PXCY#XU.<N^*&81;K,SL8YF>DRK'<Y'::>8!JO'KKNRTC
ML@6[5C:TJY,N/+*6#MY4X)X993@"H(/%EE(9ZL8X])2(.E%##_N^(9IY\LO+
M>I=%O,VMQ_/X%T3*N->'LUW61WHBG/S)>P:[`2=TGD#B>161`0$`$!`0$.0$
M/$!`?8(#](#F`I6OW")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$
MPB81,(F$3")A$PB81?_5]AAG,U;^X/?,!+UG?=P@ZK.:RBH!SK?<:VNZO5&4
MSKBO3,HW>P[+=FLWCYRI)OU7BRZ<>^4$B@$(H82@D4JZ@LB3[GK.G&4W8+RA
MU_Y3;+LUVK-(E&UQ>#;BEKM;OEDI]EGX92LA%HPVR$*$JFF@W=JOH<S]D*Z:
MWF/`8$IJUK"(7O'N<K%TEM(Z]H54O=LTY6=[/JS,;$MLE!UZJ["6D&^MJD[M
M=<U/*+/+=8%:W,%DW",::/AQ8?F1DBJ$,-%6BDFC=PNP=LI*6#6FI4EZS7G>
MIX^YP5VLJM.V4V?;+U_K3:TVTCZ\]A%(B/?:XU_M*/<+MI)\U6E)))RQ`&7D
MIN7%52FU8F3O"6)M:+UZE68&VFLMTVS082,UW/R=HF8ZQ:QJ>Q;DR8V.U>X&
M>IFD];(O6;U!2#]_)R\+(.44%TEBHR"S(E,%'P=W.TK?`5I:G0VL&UD-MGMN
M@+7!'NMBBIVMQ6V[#.QMHH=XH]RU>TV51[-"&A$D47DC!QZ<JU>G<-`269KM
M0HJT5HM^3R599UB8LFV7>K->$=R;&<3J[#WCLB_VV10:M:+1:0S1@;1-RCA\
M8T@[/'P;%6P2#MFS2;"+<7J*U50*K%0L_<==(;:#:W;#MVNK1J+2T-;JHBZ@
M]?M)B7L%IL>Z9FIV'=,6QK;J!>3"6M:G6&TU$0_NV*0EUIKR4RB,>=B3!?M#
MWALB]:CJ?=:%JL,.VNG<E1M7QVGU4*X>F1.OK!W,5OM<DX]Z8U<"Q/)XSEPZ
MM"<D#XKDK\R;8IBQW6S,0[%/NMS[$FM\["01W#=[)J[4K1"CV"`LL%J=).R;
M;M$-6+X8C*0J^M:O/L8'7-#G8P"G(\5))R,ZNBKT&B3%<$U+#]A]S6TZY.[6
M1J.I*;/5S5N]]$]OP/YW9\I!2UKM.^F>CDXV:(P9Z[FFU9@*1+;[B1D!,M).
M'K!LZ4;)E<$2;*DHN*][OW<;8&&M9&NUF-V7\3;;AI9X_F[(-`)$:?)J]:6F
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MN:WVG?YS;VSM.[`HU<@'VO=>Z>V'&V^J7!Y88:W,-L3NXX!2,]R2E:@)6M2%
M3?Z@5!03JO4GR3Y)1,Z1BJ(D(K`X5$PB81,(F$3")A$PB815GV[W8:DU)ZJ/
M=2_Q3:D.M/X7K*B+UTW<%Y+Y<O(=?NZ'Z#\>810YG)2CU%1/FPM<LNKJC@W=
MCVGY!I/BY5$L[XTR3)-^)\_?7@_AQT)!^D[S6\H)WMC2M9&TN]+<6Q!<,8F1
M)KZNK=9`C*LJJG)K(F$W25_93E)***`0PE-Z;T:*@?E)CDAMLIM8*%S=^3:=
M'5HZZKD><<?9[FF]'!+[K:GYL9[1'+)YWL[H.L*I"JJJZJBZZBBRRRAU5EE3
MF45554,)U%%%#B)U%%#B(B(B(B(\CFS`I@-"A#G%Q+G$EQ-23K7SRJHF$3")
MA$PB81,(HEN_^9&E?[>NG^`9S+$GVMOSG]DK9V?^PS?U(_\`4:I:R^M8F$3"
M)A$PB81,(F$4ZZP[D-NZE.W0K-I<NH-`2`:KSW5,5\Z)./S"#5PH#B+(;@.3
M,E6QQXX$W'AF%<6%K<U,D?;VC`_GZ:J1Y/Q7GF2%K;2\)MQ_#?VF4V`'%OZ!
M:5LLU%WVZXNGI8G8"/RZL"G0EZQRL9W4GBP\%ZB2W05:'ZQ`3"5X0J"1>`]0
M<<T%UDT\-70'O&?K=6OHZEUG)/B-E68;D.9M]UNCK)K&3ZVEOZ0H/2*O"U=M
M7S9!XR<MWC-TD1=L[:K)N&SA!4H'36071,=)9)0H@)3%$0$/9FG(+2010A=#
M8]DC&R1O#F$5!!J"-H(TA<C*+Z3")A$PB81,(F$3")A$PB81,(F$3"+A-)*.
M?G=IL7[)ZI'N3LGZ;1T@Y.R>)@!E&CLJ*AS-G)"F`13/TG`!\0PBYN$3")A$
MPB81,(F$3")A$PB81?_6]O"5PUC1KIL"4;UW;062W2\8M;GL;I/>]DB9"0K4
M(SK$>M%R,10).!7:)Q4:D0%6*QVZ_3Y@&,)NH2JH>CX30$<^142@^XE:`C)>
M\6.K4ASI3N/5J-+LNRVEG87J=K#(-7$D6SB:87.5;H-W#IRPAF[]=&+;L4E3
MD,3%<MXVTOQ4%*TEW+T-_3:&UU8REJ;I7N'8R4GK=H1F5"I3:LEJ:60>D:G8
ME49R9$TIV*557/'OFAG3H5B8KB&A-!)NNF+A>XR!KCQ6BN;'1X?2_<BA4K>]
MUDR@(RB/[`T<:P=2?JX:)JT<R="R=LRSK!BW:2X2#9N@DF3%8\%![>#*5%!T
MQ[FGM>U],V^5H=+<Z8[A@IU5;7^OVNJW"";P;;4C=&;B96NW>59('ES2+Z):
MO#HQKAFETD`F*^GP;H]0OJ7[WNLF+&T-K!*OW&:TQOB4LE8B].VB3MVOX>.5
M=Z64BI5O%R\T\%TZEVDG)RQ''#]TZ,DW,B3%2%?9;4FP;13;I(-^X^%LU"CK
M;%5N4K&DNXJ).T9W8U<&P>8V'5;EFL[7)5FR:3D4_4-T#KI)G*FY7(H08+$[
M/":3MP/AEU.Z85;'2$-9;!=--0=Q35[LS7+63L4LSI]Q>DU,+HC1DZM\H5N^
MBCQDPW0D7**;PJ2RA#$Q7-]V:'"S&G$H;N&;P:ETBMF+:X;Z,[A4-<*[*@B1
MA8:[_#Z>J`<(OHYQ#-7J<>DY)!C,($E3,32H>MPF*DVI;$U326<LRKU8W0V2
MG+3:;E*J+=O?<4[</;!<9U]8)EVLX<:S46,07CX4T$^>ALU3203`J21"@18G
M(OM$2GQ?ZVG;N4^.MJZXW19.G0_<HGZS8&J?E9\$RJ71K@OI&L=\F:_YC5+I
M;N/2G\TAO/5ZR8KH9)EH]Q-K6V"C^XRE7A2SV:UI72K:,[@B33=]=(NK0UOC
MA:3NI)VN2%>L<?2XOSX]XP<M2.6+=VB1)X@@X3)BNN=5_1)A`T,AW0U<[VC,
M]:6Q>!U+W+@_OE%82EEG&L+:Y:6UA+2YI!&:NDPZ)-,%V%@35E'70_*58Y1(
MOE(U3MSEU)Y.3K/<`[B)RXS-\)7OD5W#-8F$LUETS8]"V9["G8:I:2Z;>=UU
M:7:"C9PZ<MF[DQ5VI$#EPF*Y&ST]0W&LRJ,;1MI/[*EK!?65>3L.DNZ^)B"P
M99>!L#1HK+U77K>PU^31F*RS6:3C`32<4Z13=(`<Z8)G)BL.T&H%%VEN+<6Q
M`W')6K:-5U%0O2!JKN5V`*4#I]YM&4B95:9==NFL(N(<2;G;#I`T5&035DB#
M$'AUG+U^\4PAV*V7SVI/_(]R_P#AS[A/X882B?/:D_\`(]R_^'/N$_AAA*)\
M]J3_`,CW+_X<^X3^&&$HGSVI/_(]R_\`AS[A/X882B?/:D_\CW+_`.'/N$_A
MAA*)\]J3_P`CW+_X<^X3^&&$HGSVI/\`R/<O_AS[A/X882BC;8O>AHW5K`KN
MW'VFQ>.$558R$/H7>#67F!2`PB1@A):]8H`03$Z16642;E,(`8X"(`-^"VFN
M74B82-9H:#GH#Y5J<USK+LGCW[ZY8V0CLLWFASN8.('22!M*U6[J_$5M.SCN
MX>M-=A:_IJ@G2!A$:WV@$])M_P`GF8G4J<BX*18O/4W:^2CTF$B@K<`89):9
M?:V]'R-<^7:6.H.84\)\"XWG_%V>YN7P6DL5M8'YK9XM]P^D\/!Q]%M!J.]I
M5.?F-7_^7WS]UFSO_I#-KWS-CO9=Y%!/<)_3A_SHOWT^8U?_`.7WS]UFSO\`
MZ0QWS-CO9=Y$]PG].'_.B_?3YC5__E]\_=9L[_Z0QWS-CO9=Y$]PG].'_.B_
M?7W9;!K;Z3C8<`L;%],+N&L66<I-TKK9\[:L'<HLS;R$]7XV/.\+'1ZZX(^;
MYATD5#%*($-Q42L)#<03M!'+K"H^QN&1R2_5EC0"=V2-Q`)`J0UQ-*D"M*5(
MVK-<N+#3")A$PB81,(HEN_\`F1I7^WKI_@&<RQ)]K;\Y_9*V=G_L,W]2/_4:
MI:R^M8F$3")A$PB81,(F$3")A%..H^X?9^F'285:;.Y@15%1W4IGS']>=`<X
MG6,DU%0BL8Y5,/)EFAT%#"`=8G+R4<.ZL;>['UC.WZ0P/Y^E2+).*,WR%X]S
MN*VU<8W8L.V@^:>5I!VU&"V[:0[L=<;E!M$BL%1NRA2E-5IARF(/EA`.H*_*
M"1!"8+SSPGTHNN`$?)Z0ZLB]YEEQ:5=3>AVCY1J\7*NW\/<:95GVY!O=QF!_
MAN.D_0=@'<V#OHTQ5H\URF"81,(F$3")A$PB81,(F$3")A%73NQ?2L=H.[N(
MZ2DX2/.YI;.\S\*[<QTO7-225^J\=NFRQ<JS.F\AG]<U&ZFWR+U$Z:K)1N"Y
M#D,F!@*HTJ%-HRFF]8;M[<:AJAG3*_MMM/N%9/6VMX^$B;3/=O[C4V['SUM)
M5B")'KOZ"UL%)2<1HJ]#%&RLHY(I@5<)HN"#0=BQKM:O%FLW=-OU]>5MD-;-
M==$=M=P-2+'2-F5ZHZN0#8'=5'-Z/`*6NL0T,5U'P:$>61DRF+\239'[EK_5
M42-&)#H"[K:M(B]G[2N=7UI7IZS;03NFN']MWQ8GC1K7>UME7HRDS2-+U?,^
M4C8EKC-5],TV6NQ23EDNZL*ZM@?-6+UHS<$56[W(3]([4=([FUZNZA>X_9>M
M]]2NW;;!'$]SFKT'9QW([.ML78CIF65D$===Q-5B&D6W>`N2N*L6T:T%!$WD
MJ45=:E_=M`KM=NM7U-HZ0UQ0:ML[7=(D[O'V&1>-M=V22KW<[V]-]=MIP(TK
MY69M6\J1-WN!.['JD[8=NV;.'Q`;)+I$YU;_`+?W[9F;:^MTJ50*>ZU/L5K5
MY%QJ^%1K=.M+B>UU0MA-;`G64BJJ56<-%7)NW>1JSR253*@DN#I1)RD4E50J
MB]1V_P!R\IJ_75XEMX*J2EK[`E^[*=:L==Z\:QK?:$;7JM*MZS!IK5YT[;:L
MD%;>J#YFY6=3J@LFHMI9H`N2N**M!X5)BW<3NVQR^Q;)6X>8C(O66QM3TMO"
M*/\`1+'64VPMM'TY=IQO>I>Z7J&VE%VZRI[36:U]2+\ANES%*BRDE%'#5>JI
M11O-[YWU=M'H7TZMNI<5N37&]0>IOY+0$7%:^4C],[6O-79ZE=0ERE-JRNRJ
M7)TIO&3+:482!SF+)/A:Q)6?D(45:!9=$W_9,?M;66KH"W-(Y[>)3M^JMNV8
M\IE.D=BSU?>]M/=-M>4+(22<-'Q#V8)*ZN9HQKAPR7;QP++&%LN"JJ:A"L^I
M>TMK7B\U'33[8[FN&"S=W*<GL>&@*.2ZV>/T%L[7=0H];3CY^O35(9R<Q7ME
MG=S#EK#=3@\$8[5%DFNH5*JI36H7_F@W'\C_`(\_F#T1\0?''P!YGP8AZ7W7
M_P#</_EN^>?IOCOI^5WRQ_->GYY]9_6/>75X82G(O__7]N*>U=G3VR=HT6CZ
MXH<G'ZPD*G%NYVU[6L%6>2SRT5"+MW+:$B-/7-!LV8H2I$>LSXQU3E$W00.`
MPJT626/?&M*M%2[V2L3=S*PDO9:N[J\*VDYFS+W&I4EWL6<JL=7V<<:=?2B%
M*9FE$@*U`%XY1%R3E%9(QRI18C6.[#2=BBZX\<69S6I.=T[&;Y?URR5^QQ<Q
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MTYML21L"[66B8<=?/!L`,KY&R,S'Q[6;I;X*K(F0E61G#!8C0YB*F+P(E6A"
MR"X[>U]04:@I9YQPT<;`?'BZ/#Q\!9+!9+;)HPKRR.8ZOU:NQ$K9)5\SKT<Y
M?+HHM3*(,VRRR@%324,4J+$ZEW,Z+N\:M-U[84<I`I4Z>V"G8I>.G:S6WU)J
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MP06%,E%-N%1,(F$3")A$PB_!$``1$0``#D1'P``#VB(_0`81:^NX;O>A:89_
M4-3'962U)"LT?V=0`=5V`7#DARL"A^:GY)`>>!`PLTC@'4*W!T@WECE#Y=V6
MYJV/9K//L'AYES'BCXA6]@9;')2V6\%09-+&'Z.I[A[(.G>Q"U+V.RV"WS#R
MP6>8?SLU(*>8[D9)P=RY5$`X(0#'$0312+]5-,@%33(`%*`%``R31QLB8&1M
M#6#4%Q6ZN[F^GDNKR=TEPXXN<:D_F&H:!H"Z//M8R81,(F$6*W2N*VFNO8MF
M^"*ETSM9.O3(H`Z]RV.)<I2,%*&:B=('C=I)-DQ<-Q.4CIL*B!QZ%#!GQ(S?
M80#1VH["-!_+3H63:3BVG9(YF]%B'-K3>:X4<*ZB030ZC0C$+[5&PA::]'S)
MFHQ[Q4'#.7BS*@N>'GHIVO%S\,HN!$R.3Q$RS7;BJ0/+5\OK((D,41,=OM#J
M4.OD(P(Z"J74'N\[XM[>:*%I])I%6NIJWFD&FD5H<5DF?:QTPB81,(F$42W?
M_,C2O]O73_`,YEB3[6WYS^R5L[/_`&&;^I'_`*C5+67UK$PB81,(F$3")A$P
MBQVU6%*L0CF5,V4?N/.91\7&(J%26EIN7>MXN%BDECE,FW-(2CQ)(5CAY2!3
M"HH($(80^'NW&EU*GQDX`=:OVT!N)FQ;VZVA)/HM:"7'EH`332=`Q*Z7WAL[
M[(4/]XU@_A9GS6;^6WVC^ZKVYE_WJ;_*;_63WAL[[(4/]XU@_A9BLW\MOM']
MU-S+_O4W^4W^LO[3E-HI'(JE4Z,FHF<JB:B>R+$0Z9R"!B'(<NK0,4Y3!R`A
MX@.*S?RV^T?W54-L`01=S@C_`,3?ZRV!Z*[]][5-NVJVSZ;1;;$%%)"/M+O:
M-J2FHE,3%((32[;3LJZG&")/K`H"!WI?'D5@$I2:.\RATI,ENQK7:Q4T/-V1
M3Q<RZ9PY\08K)K+/.+F>>#0V0QC?;ZY$CB]HVT+_`%L`-HT'>=UV:)83U?H>
MCIB&DVY'3"2C]_7-RT=(']ATU4^W40Y*("4Q1X,0P"4P`("&1U['QN<Q[2'C
M2"NPV]S;W<$=S:S-D@>*AS<01^75K7:^_.X3[L--?OVN_P#ISSY5_!/?G<)]
MV&FOW[7?_3GA,$]^=PGW8::_?M=_].>$P3WYW"?=AIK]^UW_`-.>$P3WYW"?
M=AIK]^UW_P!.>$P3WYW"?=AIK]^UW_TYX3!/?G<)]V&FOW[7?_3GA,$]^=PG
MW8::_?M=_P#3GA,$]^=PGW8::_?M=_\`3GA,$]^=PGW8::_?M=_].>$P7X::
M[@3E,0^KM,G(<HE,4V];L8IBF#@Q3%'MS$#%,`\"`^W"8*)X'3\A5;%%6^K]
MI/:)6K9!).D(6SUZZ.86P12#UFYCGC>/F8SM<:R+-N[8/545$TU"D.FH8H@(
M".$Z5):;C>*4D[FDM/Z,2F'[&.BWTLGNNWDDGL;$.)1W$QSM\7MO!TY8QCJ;
M>J-T3G,F@H[7,0"BJH)B8+`)#6$_+3[JU2G:KVFR5H>OD)1[9)"]/7D^[DFR
M;=%M(NIAQVO*2+A\W2:)%(L=05"%2(`"`%#@G2NSB:5>("R2]R@NVSM@A;A/
M@_+/6N)V3+QMDFRRKI-]*%EYUGVQHRDD$D]1(LX!94_G*D`Y^3``X3I74QNK
M)N&@[#68CM2[2HJMVU)HA:Z_&WAVQ@[,BP.JHQ1L,2U[74F$TDR47.9(KE-0
M$S',)>!$<)TK+ZO&[8I$2G`4O1/;S4())P[=I0M7VY98")2=/W!W3YRG&Q7;
M4T9D</'2IE%3@0#**&$QA$1$<)TKYI0VTD&;:.0T'VZHQ[*LFI;-BEMFQ)LV
ME..DW0-4VS4G;2""%9,@T2(+`I0:B1(@='!0X)TKJ'5(NKZQQUQ>]M7:\\MT
M0C&MHFTNMCRSBQQ;>&,J>'0CIQ7MC/)LD8DZYQ;%35*5`3F$@%Y'"=*_AE1+
MC&S4[9([MF[6X^Q6A&6;6:?9;%E&LU8F\\LDXG4)V50[8DWTNC-.$2*.RN%%
M"N3D*90#"`#A.E<N$J>P*T2'2KG;GVS0"5>*R+7TX39TU%$@RQD5,04<6'(Q
M[94"QA8^$L4@S0!#H\IJ^<)%X364*8G2H_VEJK=>PFD0@SU5VRL4XF9FK`K7
M[?:'6PZ'.3M@*0CRR3E8DNV^+D36Q@(K*LI%E)LEBK.5O4@[14.B8F"A'^2J
M]?"WP9\,4#X=^6?P7Z#YKP__`,:?.+Y]_-[S_P"3;S_B;YI?\2]Q]7P7_P"B
M]S>5]3"57__0]?\`9=>5YENW;MZE*;VI;+/=).EN8UQM2^,8.XU)2I4Z*K+N
M&.V<:BV`**(R,:=TF*;Q(2F5'J2*8!$:+ZU#2NG?:M:26\[7W!+[7TXUM-VJ
MEJTO*UE&?BG$'%Z7=Q*1ZS*1LT,>UFG.UOC.,1?2CD2-V3V'<IQ*H+^YXM\!
M.A=56M;V&&I=O%KMO2M6V+/]I?;EH)@[@;\E+L&-ET=-[Q>RSY.RRE7CWK2(
ML<9M!NDQ?!$+NHIR9=<&:PHI`X)T+"X/2DU`;=?[>A[]J!HYBY#24U5ZO;>Z
M/;&Y%)MYKR*[B:A;HRVW[9T3)V6.CY2K=Q3MQ#F9HN&T=*P[50S(_FK*83H4
MSTVCL&NZFV[K7LC4#:4E;?LVWV"M0EW3FV4(O:=7:/U%66%=FY1C"+RGDUW3
M!'3]PJSC_P"LR"B:21DPZC$U4HHU0UE;E('MHUD[V/V[(T+MKE[D5K;AV+(2
MUYOL`/;CNSM_H#AY7EZU&Q-3LZB&T&DA/+EEI4BZC9R"`@"X<$VX+NZMIF.@
M=-;)ULXV]J=:5NE[[?+6P?HVE#W>T9ZAU1VOT";;.Q4*1SZF3DM&2*S7H(8G
MD/&_F"0WFE3)KK18,ZTO:9:ZZXL\]M;5DP_IU[V_8+#9I7N:V7*L;!$7[66X
M-;0`5;1[F&2U#K%S&-ME-5UV\8DHJ";`40?K&67<+DZ%^;9IM97;=G>GZ_?J
M0XED:C':&WHJPD"+U!YVQLJ_5[7M=K(O6Z1&C9*XSVF8JI1A':B1P:VQZ4B7
M"BQDR;<%<Z\*4VT[)TE=6NQ]>H,=7S]TEY-LZL\4+QZG9M?SU0:EC/+<*(@L
M@ZERG4\PZ8>2!N!$>"C54QQP51YWMUB)[66NJ&INC5;!W2NVW=&HEW[6UKIM
M75SOVP]!;`JTH`14E!2ZM40=:>71EBI.V3Y5%V4J!@,8RB=%7H7]V'2K:TR<
M??'%NU?`W*JV37$W!00=W>_+BK9&E8C]I0EBB9_<LO(0]HJD=[KVPY7@T8>O
MB+*49F</%'Z+T&K`G0NZ9:K*QLT=;6-RTI'NIJ3W&-SC7N];]=Y)HSV+J[66
MN(::"_7Y.P3=^GXY+5;/S&YV=98(1[E-ND!U61W4B3H7WJVF8Z!TULG6SC;V
MIUI6Z7OM\M;!^C:4/=[1GJ'5':_0)ML[%0I'/J9.2T9(K->@AB>0\;^8)#>:
M5,FNM%"=JV$V*YKW;U4;AIR=04[\83;CM-W9+!';18TLO=<IW07>7>TF2K*,
M!`5&$7!ZC'7`9]:'GFB"3-JD$D_3;)DIR+:W\QM>_;RF?M1"?IV55*'8GS&U
M[]O*9^U$)^G82AV)\QM>_;RF?M1"?IV$H=B?,;7OV\IG[40GZ=A*'8GS&U[]
MO*9^U$)^G82AV+A26V-70\>]E9/8U'8QT<U6>/7:]J@R(MFK=,RJRRAO7"/2
M0A1'PY$?8'CE6M+W!K15Q5J66."*2:9P;$P$DG0`-)6H;N6[\6&QSOZ5KBUQ
ML#0@,JU?2I9ADUFK<F4PD/UB#DJT9!+<?50#I67(/Y\0`PHEE&7Y;%;TEN'-
M=-J%<&^4_D-JXAQ;QEF&:F7+\JAECRW07;K@^7P5:P[-)'G:=T40^*JQ]HX'
M]<1_Z1FZWV>F.M<X]VN/N[_9/D3XJK'VC@?UQ'_I&-]GICK3W:X^[O\`9/D3
MXJK'VC@?UQ'_`*1C?9Z8ZT]VN/N[_9/D3XJK'VC@?UQ'_I&-]GICK3W:X^[O
M]D^1/BJL?:.!_7$?^D8WV>F.M/=KC[N_V3Y%^A:*R80*6Q01C&$```EX\1$1
M'@```<<B(CC?9Z0ZT]VN/Y#_`&3Y%WN?2L*+CBC2]AE4'A""VFN5)0>#>2VV
M-#1/2@H<0!02#;:A$>5U&%)NDO")E#J</0`UG".7Z+_V@/E`\&TK8BMW8TTS
M6PZXG._P/=762)"?-8K-4O3VT=B"0:91;'.MU#=`2*$>HWARG\?JJ3;WTL0B
M;P'P.N4?#/F:ZMX/M9FM.RN/5I5VPR+.,TI[AETLC3\X-HWVS1HZ2K7U+\/?
M:\N":UJL%5IZ!^GK;D6<V*52YXZNILQ(VBS<![.E\/(_T!XYK9<\MFX1L<X]
M0\O@4TLOACG4]'7MS#`W94O<.@4;^NK#U_\`#KUNS*0UFN]QG5BE^L$4E$5Y
MHH?Q#DR*[6><E(`#X`"X#R'M$/#,!^>W!^SA8T<M3Y%*+7X6Y5&![WF$\COH
MAK!U$//A4PQ/97VYQ92BI1UY98O/"\M9;*L80,`@(&;M95HQ-X#X"*7(<<AX
MYBNS:_=_&H.0#R+>P\`<+0Z<N+W;722'P!P'@6=M>VO0K0@D2U13#@80$1=1
M*3T_@'`<*/1<'*''MX$.1]N63F%Z?_LOZUL6<)\-L%&Y+;]+:^.J@O:NEM.M
M-W=J3-OJG7"35S;MH(.D0I-:$CM)OIJW+(%>=4:(N_*63*<!4ZAZP`WY7CEL
MW=T2";F2OK'RK+9D&1,8^-N36H80`1W4>-#45[.....O%3XX[==$N@6!74M#
M+YXF,?T]=CV8E$YNH?)%HD@+<`'V`GT@4/`.`S[%_>BG]R_K6,_A;AQ^]7)+
M;'8QHZJ`4Z%A\IV?=N<KU"KK=FT4-R)58N;LL9Y8B!0Y*BRF46H\`7P`R9B@
M/(\<B.76YK?MT7!/.`?D6#-P-PM-7>RIK3]%\C?`'`>!1//?A\:;D0,>%F[O
M7EA'ZA$Y*-E&)0Z0`0,@_BA>''D.0_K(>T?:''&2S/+MOGL8X<Q'B/R+2W/P
MQR&6IM[BXB=ZS7#J+:_K*`;3^'/<695%:;L&OSH``G(UGXU_75Q#Q'RB+LE+
M`@JIQX`8P(E,/MZ0S.CSZ(_:P.;S$'R*-7GPLOV`FPS.*3D>TL/6-\>+H56;
MKVS;QH15EYS7LVX8(<F/*0":=CCRI`'/GK+0BCU1FC_2+@B7`^T`Y#-C#F%G
M/0,G&]L.!\/R*'9APEQ%EH<ZXRN0QCYS.VVFTEE:#G`4$F*8IA*8!*8HB4Q3
M`(&*8!X$!`?$!`<S5'"*8'2OS"HF$47II!<-B&>F,<\#K`ZK1B0!#R']_FXK
MIDGI@X`QPJE4DRM43E,9$Z\P[3.`+-"]-G[26OS6?M$?(#3I.Q;$GW6QW*?7
M7&)VB-IP'Z;Q4ZZ,:1@Y2AEY:Y,(F$3"*P.B>XJ[:,F`/%+&F*F]7(><J+U<
MX,78#P4[R.4X4&*EBI_DK$*)3\`"I%"@`!@WMA#>,[0I*-#O+M'Y!2?ASBG,
M.'9ZPN[RR<>W$3@>5OHNY1IU@A;P]7;5INWZNWM5-D0=M3B1&08+@5*4A9`4
MB*JQLJT`Y_(=)`?P$ICI*E^LF<Y!`V0^YMI;60Q2MH=1U$;0O0N3YS89Y9MO
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MT'"5.U='9:]J"GP4G9K-5J'#P<.U.[D)!W6H0J*")>"@``5@919=90P$22(!
ME%5#%(0IC&`!^XXWRO;'&VKR<`L:[O+>QMIKN[F$=O&*N<=`'RDZ`!B3@,5H
M^[B]NPVYYLS"&I=:KFOXIV<\)#H5Z&;/9%0@&2),3ZK=KPL]5()A30`PHM2'
MZ2]9^M0\OL,NCM&;SP'3D8G9R#\L5YZXIXQO<_N#'`]T66,=V&@T+M6\^FD[
M!H:#3$U)K/\`"M8^SD#^IX_]'S8[C/0'4HE[S<?>'^T?*GPK6/LY`_J>/_1\
M;C/0'4GO-Q]X?[1\J?"M8^SD#^IX_P#1\;C/0'4GO-Q]X?[1\J?"M8^SD#^I
MX_\`1\;C/0'4GO-Q]X?[1\J?"M8^SD#^IX_]'QN,]`=2>\W'WA_M'RI\*UC[
M.0/ZGC_T?&XST!U)[S<?>'^T?*OJCKJ`LJ@5]K1XJ<7F2J1Q(=G7&L@YDBND
MSI*,TF3=FJNY%=(PE$A2B(@(Y\O;$&N+VM#*8UI178)K^2:)EM),Z<N&Z&EQ
M<3JH!B3S*V?;+V4[/M:\U1MIRWP(_P!<FATE4I<YIZ[6:C3J+A>AW`S<KD$>
M)EC&O(UZ[=N"+C/0\@7TPD(`CII,YAA:8XP9'C"NHC4:Z2=N&)KBNBV?PYS'
M,IFW=X]MI;2`.+*5>UQ\YH:.RUM:EM75:TM!;4$+92'8WHYM2IFMLHA9:R/6
M:2D+?K$"-BFJQ:(MRA+5:W148X(VKY)*KV1BVD&Y`;$(JHW*17K3$Q1TUQF5
MW<5#I-UFQN'Y_"NC93P9D&3ELD-IWMP`1OR=LXBAPH&BH)&#1@5/>HKN[OM&
MC)69B6M<ML6L^JU]JK-R9TUJ]ZK#I2'M$.P<*HM7#R""2:F<1+M1%`9&'7:O
M"IE3<$#,#2I50```8*3,(F$3")A%6C;O^?':9_\`.>U__P"E[CA5VJR^%1,(
MF$3")A%$NP-%ZGV>18;E28:1?*E,'OILB,7/$,)>DA_?489I(*@D/`E(JHHE
MR'B40Y`<J"\N;>G=3$-V:1U'!:3,^'<ES<.]_P`OC=(?G@;K_;;1QYB2.14$
MV?\`AY2#8KB2U):0DB%ZU"UBVF2:OND"B;RV%@:(IL7*ISCTD(X;MBE+XF7$
M<W5OGC31MU'3E;HZM/43S+FN<?"^5@=+DEYOC^7)0'H>!0G8'-;RN6LW=$'>
M=,-GD?9JH_B;@Y60B*M#S""B;6;L$HY)'1`(/&QCHR$(F]6!5ZZ:'6(W9)++
M<B5(W&Y%S%)%WD#PZN`YSHKK'+L&*YU)DU[9WHM,SMI(-T%SB1\QN+BT^:[#
M!M"07$-K4K&*C6FU0KL97VSAP^%DFNJ]DW?2+V9F)%TO)SL[("0"IC(SLT\<
M/''0!2><N;I`"\`%UC`QH:#^<ZSTG%8%U<.NIY)W-`KH`T-:!1K1R-:`T<@6
M29]K'3")A$PB8123JS:UQT_:6UKIS_TSDH%0D8]P!E8N;CA.4ZL;*-0,4%FZ
M@EY*8HE52/P=,Q3``YCW-M%=1F*5N&HZP=H6VR;.;[(KQE[82T?H<TXM>W6U
MPUCP@X@@K?!I7=53W?4TK'7%0;/VP)-[%77"I#R,!(G()A07`H$]0R<=!C-G
M)2@1<@#X%4*HF2&7=I+9RF.08:CJ(_+2%Z.R#/[+B&R;=6KJ2B@>PGM,=L.T
M'YKM!&P@@3#F*MZF$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3"+_
MTO?QA$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3"+JYN;B:W#R4_.OV\9#
M0[)Q(24@Z,)4&C-JF9598X@!CFZ2%\"E`3&'@"@(B`9],8Z1[6,;5Y-`%9N+
MB&T@EN;F0,@C:7.<=``TE:+NYGN2FMXV$[".4=1FN85V<:_"FY15D52`9+W_
M`#:93F*K(+D,;R4Q$2-$C=)?KF5.>8Y?E[+-F\ZAG(Q.SD')XUYUXMXKN.(;
MHQ1$LRJ-W89HWCZ;_I'4-#1@,22:M9LE#DPB81,(F$3"*Z.D.RS8&S2M)ZV^
M?0:<L":R2[YKU6*8;F^MS%Q"HIF:(*D#ZKEUT%$#%.FFL7G-3>9M!;U9%VY?
M`.<_(/`I]P]P!F>;AES>UMK`X@D=MP^BTZ!])U-H#@ML6L-)ZVU!'^CI-<:L
MG:B?EO9YV!7UBD@\!,#V75)Z@43&+U`@EY3<AO$J9>1R,W-Y<73JS25&S4.C
M\BNTY/P_E.1Q=WE]J&O(Q><7NYW'&G(*-V`+$MUIJ460K>_XQOU_+I%[$;/2
M34,D:3TC.KM5[?(*)E*H1T]UE(,&MH;#Y2SL6,?),&8%4E5.K&6[&Q6!3436
M33614(JDJ0JB2J9BG343.4#$43.41*<ARB`@("("`X5%6NVR\=I3;[6\2TTP
MA=;[H12KMR"06;,8^!VG5H)RXJEY<.UU&Z+=O<*1"FKLDNL<YC.XJO-T"`*B
MQA^V1R2.W8V%SN055BYN[6SB,UW<,BB&MS@T=9(6&W3OHT75A6;Q#^:O#Y(3
M$Z*Y%G28`L4PATGE)H\8W41\.?,;@X*(#X<_1LH<FO)*%S0P<IQZA7PT4*O_
M`(B\.V>\V"22XD'H-PKZS]T4Y6[RK)9OQ&[0N8Y*=KB!BR`(E3<625D)PZ@?
M6Z5#-8PE?*@8>0^KYJ@!Q^4//AL8\AC'VMPX\P`\=5$;OXJ7CB1895&P;9'.
M?X&[E.LJ#YKO?[B)83@VM47`)G`0,E"UF#XZ1Z^0(M+LY9TF(`8``Q5`,'2'
MCSSSF,R>Q;IC+N<GY**/7'Q"XHFKN7K(AL9&SQN#CX5'KWN9W[('ZU]K6],>
MHY^&4@$:3D_'(>7')-4^D./`O'27Z`#+XR^R;HMF]5?&M9)Q;Q+*:NSJ<<SM
MW]FBK]?]T[B=[1T>\<;6V.JZ;6.]+M5ANUD`[-5QKVP(KF9],D4&GFHJ&(()
M](=`B7\GPSX?:6HDMP+:.A)^:/1/(K]MG^>OL\UD=G-V7AK"#WLF%9&@T[6&
M&&&K!3LT[C=[LQ3%';-Y.*1`3+ZN?>OP$H$Z.5`?*.`6/Q_O'ZC<^///CEPV
M%D=-LSJIXEB,XJXCCINYU<X;7D^.M>E9S$=YG<7$F)_W_P#>:)!*(MY>OUMX
M53IZ`X.Y]TI2'!BDX'A8.>1'\KQRR_*;!W\"AY"?+1;&#CSBF`C_`)/?;L<R
M,^'=WO#X5,=<_$1V<Q%,EFIU.L*)`X,=@,K7WZOB'(G7%W+L@-QS^2V*'^S^
MG$DR*W=]G*]IY:$?)XUOK7XHYO'07=C!*WZ.\PGIJX?JJR-/_$&U-,F30MD'
M9Z6N<2=;GR$K'$I<^!Q,YC02EC`0?^JQ'D/]OAF!+D=RS&)[7CJ/AP\*E=C\
M3LEN"&WMO-;NVTWVCI;VOU%;:F;2UUL1(%:5<Z]8C^6"QV;"11&303$`-UNH
ME8R4HS#@?_2HD$!\/;FLEMIX/MH7-YQAUZ%-K#.,JS1M<OOXI32M&N&\.=I[
M0Z0%GV6%LDPBJT^I]4[A]G3KZWPL=:=:Z;/)TBJL9!/U49+;6EF0-]CVQJ(&
M4;K.*'!N4:U'/FZB3IA)N;&T4`#ID,7[CEDB>)(GEKQK"Q[RRM;^WDM;VW;)
M`\8M<*C:.8U`((H00"#55,W7V"/6)7E@TN]4D6Q`,NI2)ER4)%,H!R8D',KF
M(D]`/]U!V)%.`_[90P@7)#:9V#1EV*'TAHZ1Y.I<AX@^&LD8DNL@D+V:>Z<>
MU^@XX'F=0_2)6MR4BI.#D'<3,Q[V*E(]8S9]'2+99F]:+D_*1<MG!$UD5`Y]
MA@`>!S?M<U[0YC@6G6%RF:&:WE?!/$YDS30M<""#L(.(7`SZ5I,(F$3")A%(
M>L-GVS4=L8V^H/A;/6P^2]9+=9XZ9CCG(9S%2K8IR>H9N.@!\!`Z9P*HF8JA
M2F"Q<VT5U$8I1AX0=H6TRC-[W)+V.^L9*2#`@^:YNMKAK!ZP:$$$`K?EIW;U
M7W136EMK2HIG`2LYN'7,`OH*8(DFHXCW7`%!5/A0#HK%#H62$#!P;J(6%75K
M):2F*3H.T;5Z4R+/+//[!E[:&AT/:=+'4Q:?&#H(QV@2KF,MRF$3")A$PB81
M,(F$3")A$PB81,(F$3")A$PB81,(F$7_T_?QA$PB81,(F$3")A$PB81,(F$3
M")A$PB81,(F$7X8Q2E$QA`I2@)C&,(`4I0#D1$1\```PA-,3H6ECO![EC[2F
ME*#37H_+ROO3>J>(&X+;IIJ<2>N,<!'S(2/4*(,RAP58PBN;J_,^7+<KR_W9
MG?RCZ]P]D>4Z^K:N`\<\6G.+@Y;82?\`%Q.Q(_BO&OU&_-V^<:]FE'<W"YXK
M'#I>FQU@BM<V78[J&VA+IQ"9F"=4![2:_-3K9!S&5NQV@)]"32D3B\13<+M8
MQRU:*J=)CF`AS$P/>Y71NN(X`;<5QWNT0-)`I2FRI!*E7X!8174.57>:NCSA
MX;AW=8F/>`6QODWPX.Q`<6QN:TFA)H2.GH6AYZW.;ZE,2"520H32TH.UG;3U
MZDI:ZO%2LPYJ<:@1VT*LZ*RA7"CA<IS)M$BE,8#&51(I]37K(A!N-WB\CDHT
MD#>/6*;>@JQEO#=S?/S(3RB!MLV0$D5WI(VN<8VBHJ:,<7&M&BE<2T&"<S5'
M$PBR>G4RSW^P,:O3X9W.3D@8009-"`/2F40\URZ74,1NS9-P-RHLJ8B28>)C
M!EN66.!ADE>&L"S+&PO,SN8[.Q@=)<.T`>,G0`-9-`-:W%=OO9I4=7D96:\$
M97*_%!)PEYB7GURMN"B!RA$-'"9!?OT5.!]8X(`E$I1132$!,>*WV;2W%8X:
MLA\)Y]@Y!TU7=>&.`[')Q'=YB&SYEIVLC/T0=)'I.'JANDW9S4+H"810SM?>
M^JM2,EB7BP-!?K-S"E56!$Y6P2"2J8\$]T$/PW;N2"(%5=F0;&\0\SGPS*MK
M*YNC]5'V=IP'7Y*E:+..),GR)A-_=@34J(V]J0_HC0#J+BUO*M2I>\;9E;IR
M.M]=&85FHUYU*Q=,E%V2<A;8V@E?N?@ZK.%WJKV,*I4JZHC%D=`DJZ71:)+'
M6\\5#FD%MDD$='7#M]VS0/*?RP7)\Y^)>9W9='E,(MH3\XT?(>OLMZ`2#H<J
MQ6&SV.VR*DO:)Z7L4FH`E,_FI%W).NCJ,<$BK.U53IHE,8>DA1`A?H`,W#(X
MXF[L;`UNP"BYY=7EU>RF>\N7RS'6]Q<>LDX<BZ+/M8R81,(F$42W?_,C2O\`
M;UT_P#.98D^UM^<_LE;.S_V&;^I'_J-4M9?6L3")A$PB^[9TY9.$7;-PNT=M
ME2+-W3951!PW63,!DU45DC$425(8.0,40$!]F4(!!!%0OICWQN:^-Q:\&H(-
M"#M!"MEK/O3W1K\S=I*RQ-@0*0E*>.MAE',D1(.`-Z2R)_\`%B+"4H`47)G:
M10]B?(\YK+C*;2>I:W<?M;HZM'5137*./\_RPM9--[S;#YLF+NB3SJ^MO#D5
MY6G>]3;G2)!"GHJP.W90T;7*C6;0V4=0I;3:)-E7HB:>R[$46SJH5Q_*)OY4
MPF:O`C6RYDD3'`H&T%UE=U;5<&[\>T?*-(\(Y5UC(^.<DSDLB?+[O>'YDA`!
M/T7^:[D!W7'4U6ZU[1H;6U,K](@1<K1\"R%$[^04(O+3<F[<+2$[99UV1-()
M"QV>;=N)&1="4#NGSI58WUCCFM4R698101NGMXU[N^-,G86(1MD00\J)N$6D
MDG-,!)R9)%R(@"<M&@<1ZFR_(`4QA3,D<>L,VTOI[-W8-8];3H_,>7QJ.9_P
MOE?$,1%U'N78'9E;YXV`^DWZ)Y:$'%:5-S:(OFD)L(ZTL@<1#Q50L':(\JBD
M+,I$Y,!4U3%`S.133\56JO"A.!$O6GTJ&EMI>PWC-Z,]H:0=(_-RK@&?<.9E
MP]<=U>1U@<>Q(WS'>1VUIQ&JHH3"^9:T"813FCK.CP,34W&R;[*UJ:O$.UL$
M/&0-03L[>"K\BX41B)JVO%;#"*MD91-$RY&[%%\Y*VZ5#%`QBIFP_>)GNE%O
M"',8:$EU*D:0W`Z-%3054B;E&76T%D[-LR?#<7$8>UK(N\#&.-&OD)>R@=2H
M:P/=NXD8@+MH?MTG7EJO]8EK54H9:@15@E'/,NQ=RMA0BJTYLT:O5Z\=XRE)
M6.F&)$5!=`4B;5NJ*AP$Y/)-\.OV"."1L;B'D#0:"IH:G0"#JUGK5^#A:YDO
M,SLYKR"-ULQ[CV@7/#8S(TQLJ'.:X4.]H:TU.(W37;,]193)H[<]BTA=FMGA
MA.ZC''ELK-`F4Z&TY$"IU'0$1`P(/FHB*C98`Y25#@>I,RA#XEY:1WD)C?@[
M4=A_+2M]P[G]UP]F#+R#M0G"1FI[=G(1I:=1Y"0=_P!2[E7M@5B'M]6?DD82
M;:$=-%R\%43$>2K-'20&,+=ZS7*9)9(?K)J%$H^S(3-%)!(Z*1M'@_ET+TO8
M7]KF=G!?6<F];R-J#XP1J(.!&HK*,MK,3")A$PB81,(F$3")A$PB81,(F$3"
M)A$PB81,(F$7_]3W\81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A%KE[X>X
M@U;CE].4]]T3TRT(:ZOVR@@K$0KM,JB,&F<@\IOIMN<#K^("1F8`X'SP$N^R
M>Q[QPNI6]@'LC:=O,/'S+EGQ#XH]TB=D5C)_<R-^M(TM8=#.=XQ.QOK8:C\D
MZXBF$5SV-M[>[MLA/;6P[%:H60E%JS*S-580SE8T?<(UY#&EI-G)M$7S:2JL
MFG'JF,D;TKUN1P8$TSF(GSJ3%?0VYM8(VEHJ`2=+36@IJ(KR@J?1WO#&89J,
M[S2ZFCE>8W.C#2=V5I;O.#@"'1NW3AV7C>-`2`OM7^Y6N?$\JI<Z16)!LBAN
M0[*P1#N[I&DI+8OO]V[$\8A,PS`Z%A<OT6BSQ1@B^38D2`!2,B0"'Y?)W;>Z
MF<#]7@=W`-IKH3A2M*TK7355MN++3WR8W^7PN8!=4>TRC>=/OD]D.:VCR0TN
M+`\,`T%HI3!RHFLX761;IM$55E5$FB1UE$FJ9SF,1NDHX46<'31*(%**ASG$
M`Y,(CR.;48``FI4">0YSG-:&M)P`KAR8U.'*:J3]0Z>N.Z+4C6*FU`"$`KB8
MFW952Q,$PZN#.WZZ9#"*B@_511+RJL?P*'2!C%Q[JZBM(S)*>8:R>1;C(\BO
ML_O&VEDS#2YY\UC=I/B&DGI(WHZ9T=2-(5TL-5V@N))T1(T]9GI$QF)QR3D>
MI=0H=+5@B8P@@U3X32+XCUJ"=0\.N[R:\DWY#V1H&H?EM7HG(>'<OX>M>XLV
M5E=Y\A\YYY=@&IHP'*:DS)F(M\L?M%KKE*A'MCM<RP@82/)UNI"06!%$HCST
M))%^LJY=+"'2FBD4ZJIOJD*81`,^XXI)GB.)A<\Z@L6\O;3+[>2ZO9VQV[=+
MG&@YN4G4!4G4%J*[F^]Z[WJN6JD:!EWVL1D(N0CXO9YV;1Y:FT@H@8C.4BXI
MXFNPC&B+G@PE4\QTJE^2=L<?JR*VR1K6%UP^LM,`-`/+MYM'.N09S\2Y9;AL
M.4V^[8AW:<[![VZPVGV=16CL7#`C=."UL438$ALJ`"R3Q%VUP(_D(>^1CQZX
MD7<1=X=R=E9&"K]X4CR0;"_3%9F[4*07\>L@Z*'EK$YW4#@Z-M&AI&!&PC2.
M;9M%"N;YG`^"\EWIG2L?1[9#B7L=BUQQ/:(P<*G=<'-)J"LRR\M>F$7>/:S9
M(UKZZ1K\XP9<IAZQ[$OVK7E40!(/4+MTT>5!'ZOCX_1GP)(W'=:\%W.%D26E
MW$SO);61L>TM('611='GVL=,(F$42W?_`#(TK_;UT_P#.98D^UM^<_LE;.S_
M`-AF_J1_ZC5+67UK%^E*8Q@*4!,8P@4I2@(F,81X```/$1$<*H%<!I7U<MG#
M-=9J[06:NFZADEVSE(Z"Z"I!Z3I+(JE*HFH0P<"4P`(#E`00"#4*KV.C<YCV
MD/!H0<".<+XY5?*81,(N#)R<?"QLC,RSQO'142Q=R<G(/%2H-&$>P;J.GKQT
MN<0(BW:MDC'.81`"E*(CE"0T%SC1H"^XXWRR,BB872.(``TDDT`'*2IL[.^\
M7=U`BW5DN[R8MM-O$DE,5W7%I>NDG>O:&BT18U2+@W#A-1W!34E%(DE)1HX(
MX(WD'RK0`!-ND8NGERR*\:Z8]B5QJ*#0-51M.DZZFE:!=#L>-K[AZ:'+6.%S
M80M#'[SB27U)>8WXT:TG<8,6%C0[=!<2MZFI]U:_W-#>]J7+E6<-R$&5@7H$
M:ST,H?P`D@P\Q0?),;P(ND91NH("!3B(&`(Y<VD]H_=F;AJ.H\Q^32NPY+Q!
MEF?6_?6$]7CSF'![/6;LV$5:=14L9C+=+';54ZY=X)_6;7$,YR#DD_+=L'J?
M6F;@>4UDCE$JK9R@?ZR:J9BJ)G`#%,`ASER.62%[9(G$/&M8M[96N86TEI>P
M-DMWC%I\>T$:B,0="TF]RW:S.Z2?FGH,SN?UP_=>6RE3E\R0@5E/%*-L0(I)
MI%$XB)4'12E27XX,"9Q`AI;E^9,O&[CZ-N`-&H\H\B\_<6<'7/#\AN;<NERI
MQP=\YAU-?3#F=H/(<%4G-HH2K0-[!I78B-'D]F3UFK;^HT-G1)R(AXH[PTZA
M7(YS&5.<KLFD1VW;OF[,S<'31ZB@BHHWY!80.?-<67<!F;;L:YKG[P).BIJX
M$==".I3!MSD&:-RZ;-KF:*2"V$+VM;7?#&EL;V.%0"!N[S7@`EOG8E<R0VK4
MB[\OUV(]%S5)*G6NIUIVP:2!SJL%]:JTJI$<MY!I'ODG(()-B.Q.GP18%!`R
MA``YJ-MI?<H(=VD@>TG1Z>\[;RT7W+G-D.)<RS`25LGP21QEH=H,'=1U#@TU
MINAU1@:XD8FJ>;)0Q,(KG=GW<.?4UK"HV=\)->VUXD1RJX./D5J;4`J#:;((
M_519.``J3WV`"8$5$?S0@;4YI8^\Q=[&WZ]HZQL\BGW`W%!R6]]QO)/^+G=B
M3HC?H#^0'0_DH=6.[L!`0`0$!`0Y`0\0$!]@@/T@.1!>@U^X1,(J*'WE=ZGW
MN7"@W&T-$]#RNK*HTK3-]'0;!&G;;CX;8&QGZP3R#%":?M+UK*I3SMV#]TJT
MC@J27IRIF=N!.5:8#:H>TKWG6]NC=F6WIVHC<+UO"?DM1P.QI^`TS`:[TB_T
M%V_;OBZS<K+\-NGJ\W1T=VQT.Z$8^2EGLU(!R!&2:JS0E%*R??I0Y=LU2K2%
M&-86E,E;I9(*Z[EI-$14;16Q-D:J2B-=6!X23@MCR=ANFH+$E&."+1T.=HT;
MN';YD5X@!B42@]T%CO\`:)9TNV)'ZYD.X[5FO=52=8>MR6"<J^P>U+7>]T&^
MQX&V4M<(]D9:YJ+*'C'K>1(J9)J!B)ME57I*+D0/>P=:AZ_V#;M2RE<C=M]N
M;_N*UQ!Q-OB+-9Y!@TD-/0['7UC;'CX*!@;O8I?>D`VCQ;24G%F4,Y]0[;%1
M(98E%.5$V];9K:UCT]?-<-Z?8X#7=5V2C.5^Y$NE-F8FTS]EKA(J/DGE<IL^
MG/0LA5EC/4UXM)N"+AN9%=<3J%1)3"JP`.Y^;!:U6!?5+AEJVD;S2T38;@\N
M3(MC6E7%SAZ"2[UZF-H1TRD:%'V6Q-$GZSN8CI-NDB^529."-T!>$HL#8]_.
MO)%G'V".0JD[5K7";(FJ(2K[/KD_L!^WUY1;CLA%W=->I,VSNC0]SIU$?.XU
MP#R140%5HA((L7+CR$R44]DW8_B](,-QW2AOJZ^G4JV-;URQGHV;LTE)[#GX
MBM:OJ#N161A:Y&W2V3EEC&#A'U2T7'/W0D&06;IBZ$FM=/9-VW2AU>=EMBZ\
MJ%)?Q-CKD,A/3>X(F+TPXC+$@9<+"^VC8:O`3,,UBEFZK%=NK6S.U)11JBW3
M72<@X3(HTI'>,KM5QK>$U508.\S^P2=P`FF([9K,^J(9+MYN=+I<_.)["CZK
M*RMCJ%M?7AD,*^CX)=9<7"/GMD$S++-R47$>=[+%-S6HY"CQ<;-RB5J9/*_>
M-EP-&D[+=:!M.VZCONLM'NI.+<US;^P*U9:'(*"R4D((BS-W%+`J4L@<6I**
M9H[N$AI&'ITP2O2::=Q[A-D]O;9$SIJ)V<SK:\[6HSVPKF`.E2,DG>J7"Z21
M?SI$W:8&\2FPE%56N=\P4?1W;W;-KOZ`^F[=H7M^OEQD+)L^IT;8=ZGMD5R$
M<65YJK4D=7W)[@ZCEEW#QPB!X)D)S>0U$Q4UA0)2I4L%[J;U)3-68US2+9[$
MWWN!W!VXTN9F=FH0QG5PTP?;;FQVBPQ[.ESRD'0'T5I&?*U<H*2$J:23;-C1
MY4%Q>IDHN9_-TE\-?%?R[>>Z_E_[\Z?B5GZKYB?-OY+_``%Y7NKH]S?%_P!;
MW[U_^Q_G/1=7YO"47__5]_&$3")A$PB81,(F$3")A$PB81,(F$3")A$PBAK?
M&WHO2NNY:WO`1<RA@]VUB*5,(>];`Z34%FB<I3$/Z-J4AG#D0$!!!(P%'K$H
M#EV5JZ[G;$/-TD[!^6`Y5H>),\AX?RN:^?0S>;&WTGG0.8><[D!IC1>>^<FY
M6RS,I8)QZM(S$T_=24D^7$!5=/7BIEUU3`4"D*!E#CP4H`4H<`4```#)PQC8
MV-8P48!0+S'<7$UW/-=7$A?/(XN<3K)-25U6?2L)A$PB812SIK3UJW5<6E6K
M:!DFQ#(N+!.JI&/'UZ),KTK/G0]2957!R@8&[<#%.X5#I`2E`YR8MW=16D1D
MD..H:R?RTG4MWD.17F?WS+.T;1F!>^G98W63R^BW2X\E2-]VL-85/4=38U"H
M,0;,FP><]>K=!Y&9D3D(5S*RKDI">H>..@`\``B9`*FF4J92E"%W-S+=2F64
MX^`#8%Z2RC*++)+*.QL8Z1C$D^<YVMSCK)Z@*````*0\L+:*#=X;^I.C('U\
M^N$A8'J1A@*FR73+*RQ^3$!=3D%/=\2DH004=*%Z`$HE(!U."#F6=E->/W6"
MC!I=J'E/(H[Q#Q+E_#MMWER[>NG#L1@]IW+]%NUQPU"IP6D/;V[+YNJ>&8M\
MD(LVYU/<U>9"HC!P:"@^*;)H)S"HX4*`>:X5$ZZO``)NDI2EE]K:0VC-R)N.
MLZSS^1>?,\X@S+/[GO[Z7L#S6#!C!R#;M<:D[:4`B/,I:-059NG6>R&-^3`$
M*=LES#T_8@\F*VB;<`)16N[PN``9-(DF8R=;D%..I3SHHQS$19G',9_U,HE_
MAOH'<AT-/3YI_1V+<V__`"%@^R.-U;ASXMKF:98^C&5HU4DI4N"G7,E:9,(M
MCKJ8V&Z[K7E>,^LC[6BX1#:YPTBYDG%&3HBE*BCVA64:.5?<K2/09F54\T0)
MT+](E'S!#G1;D`RT/HT7&.Z13>WMXTIKJNJOGS1_&<EJ9)792=T2M<7&'N>Z
M;WA<#V`T"IKA0Z,5@T1J[4:%=I<3(EB7IKUKR8N2D^1AN&9V2TD`"=!@I6HZ
MGUB1U^I"5M2.32D47AC+F$%U%#H@5$`NON+HR2N;4;CPVE6!E,*U+B'5-<*<
ME*XK709/DC;6P@EW'&YM72[^[=.G#NW3NVQ1NAW(]T!X=CYQ);1JPNP56JP<
M8RI\;J8;6JYTK%;*=[$93-@:SK60DZ^G-.K$3KD3U?X.@'*XLE6AV0**BB;\
M\5<0XNLDD>XRNN=T=\6;I`I0&E-%=XZ:UZ*+7W5E96\,=C%DO?..7MG,X<\/
M#G,WR_SN[[IA.X6EE33S@Y5/S9J%J);O_F1I7^WKI_@&<RQ)]K;\Y_9*V=G_
M`+#-_4C_`-1JEK+ZUBSNL4^P/F3*X,V(N8-C=:Y6'2J"J:KI*8F`</8Y$6!#
M&=^2Z2CE2E5Z/+%0`)SU&`!LR2L:3$31Y83T#3CTK96EC<R1QWT<=;=MPR,D
M8G>=4M%--"&G&E*X:2KK2-*J\OMW8$C:ZK491C<.X2<HK*7LDO?'3]XFF\9^
M^8.G5NA-D2,[`U]XE5-)RSU-HGX)D(`D5$^H;-(VU@;%*X%D`<0`VFC`N+M6
M&@"JG\N7V<^>9G+>V<#XY\T?"'2.F).(WF11P@4>-ZO>2/#1H`P-<3CM?ZNK
MDEJNNO\`7[*T+[`WEL36,E,S$_:6[IE7(2X5JM1[A@UAIB-8$FVR,[YA'!DQ
M3^H8#I'$Y#I7'3W+VW+Q.6B.%KP`!B2TDUJ":8:/#MPHLLR>UER:UDRQLSKK
M,9[=SG/D!$;)8XVD!KFC?`?4.I3`U!J"VFECCD8BPST2W,H=O%S4I'('5$HJ
MG19/EVR1E!*4I14,1(!'@`#GZ,VT;B^-CCI(!\"@=U$V"ZN86$[K)'-%=@)"
MZ7/M8Z@N^F^8MTB=1M1\VO12<9>-LJ$^LBM#(O5#TVA+&`@E%2Y3D<9V]2ZN
M#0\8LW6)Y<@D(XTOULC8!YHQ=S:F])Q/(*:UN;+^QM)<S=]NZL</K4[<G_QM
M.ZT^F\.!JPJ=,R5IED%6M=CI,XQLM4F'L%.1JGFM)%@KY:I/H.DH0P&1<M5B
M_5515*=)4@B4Y3%$0RW)'',PQRL#F'45E6=[=9?<1W=E.Z.X8<'#3Y"#K!J"
M,"*+<CVV=W\%M@&E0NXL:WL/H31:F`_IX:VGYZ`&*%8Y@:2YAXZF9C"*@CU(
M"8.HB<5S#*WVU98:N@\+>?DY>M=WX3XYMLZW+',-V+--`U-D]6NAWT=?S:X@
M79S4+H"X4E&Q\S'O8F69-9*,DFJS)^P>HIN&CQHX3,DNW<(*E,FJBJF80,40
M$!`<^FN<QP<TD.!P*MRQ13Q20S1A\+P0014$'2"-8*T=]WG;HEH%RYO48Y*C
MJ-\N03RLH[21;TQ\\<%10AIF1=+%*5BX75*1DZ6$/,$Q43F,J!3*RW+\R9<L
MW)G!L[1S`C;Y0N`<7\&7&370N,MA?)EDAP`!<8W>@:5)'HNZ#B*FA7S3UC]X
MU#_:^O\`]X9L>_A_G-ZPH=^'9A]PF]AWD3YIZQ^\:A_M?7_[PQW\/\YO6$_#
MLP^X3>P[R)\T]8_>-0_VOK_]X8[^'^<WK"?AV8?<)O8=Y$^:>L?O&H?[7U_^
M\,=_#_.;UA/P[,/N$WL.\B?-/6/WC4/]KZ__`'ACOX?YS>L)^'9A]PF]AWD6
MXGLO[W]066F&U[>MR:W8V.EMD4X>1F+[5V@3=8`2H-4@<.I5,JS^"-TH'`1`
MQVYD3!U&!4P1;-K>..7OX7-,;](!&!\A\=>1=TX!SB[N[`Y7F,,C;JW`W7.:
M1OQZ!B1BYF@_1W3CBKL?S&=O?W[::_>?2/[\S4+H-#L3^8SM[^_;37[SZ1_?
MF$H=BK=MB"[)]T-M@M+OO/7JR&R_ET2Q>ZMTTF)73;ZW=2YV#.)>-I('L<VL
M<38)"*EP*H)GD6^70`4P4,;"8KGRO\J;JYS6QX#NAJE'OTY=WMW<VJK[=U*J
M\2/+:RUOJF<JY(RTLK-77=2G(#4L"Z7;.V3E4DHP3=(K)&*0"DQV+CJ?RWHO
M@FX'O0^&+1(5,U-M]LC=XZBEIV]11;';+<P5G3W")L\?#/8*Q7V;7C#0#>%3
MC$9(S1J1%D@S;-B8[%]6+?M&C[6]M"/<K452.]E4O;2=??;GUQ)1;2\4C4\3
MI=A*$DY`SFY2!92C0#%-\1]*N_.=-0<$%-11<528[%B=J@NTGY55JE5K=6JY
MIYJ[MMMG;OK>/G>X"JUA!W`3335JC)Q-VZO$?S4%9&TIIB#5;3;!H=:-6!5P
MFU5/Y9"DQV+K='7&A1F[-C[IV'W(U-V6?UIKG5E;C=A[KT-)6CR*=/7JS3LT
MYB]1I5[7$'&/Y&X)D9>G*XE'@)*J/CI$!FS:T5=5*+B4>"T0@\OZMX[MZBI7
M+5W)3F]B:VB-TZJ5I,@XC[U&7*B&?NG<6-YBVZ,A7(MY(1$?,MHIVZ:G*NBL
MD[?$=55.A9RSC>UAI6EZ$/=RQ<ZU2A+E7:[KD^[]4LZU4X:Y0DW6C1<:[B6$
M=:YV(K%?L3IK#,)Z3F(]@7R%`0,NR8JMB8[%*-IOW:O;M=&UE)[ZU>C!DC8)
MG'R,=MVD,[!#/ZJZC9.JV.)DBRQB-K#6YR':2#184CID=MB&,F<H"028[%',
MG_+9-NX6=G.\B/F+K6KW&7^MW>0VUHM62@)&)H]PUZVBHJLDK2>MV\,>N[`F
MP5Y@C/%'4@9P9QYR#0[<F.Q0\TI.DH#;6O+;5^]B,8QE=C>Z"?GK:KN71B]U
M<W[?ELT;.*L2Q+BH.*1*4IR-*G7IVCF.,2.?J-`:%(BBV3:T5<=BSB:I?:/,
M4V6H!>[AE'5*W5.Q5+9$,CNK3LJVV2G;K;;+Q9[%8`M,-8!K]OF[/?9MTM)5
MKW"XZI``()2LHP&1,=B[M.)[4TK16YQ+NSATJ]4=QVO?$!K='<>GD*4SV+=C
M71W9GKA9&)3N\K#R,WL.:DO=SR:<,D7[T%$DR`W:$0JJ8[%@Q=5=G3*@RVL*
M[W=-*I2+#2];TJQQ$)N#1*KB=:ZKI-:U]591Y/3M6FK&U?%K5/C4W+9H[;1*
MZB"AQ9`9V]]23'8IGAI/M'A$Z$1OW`:Z7-KK<FU-Z0:SK;NO#*.+QN$NY0MX
M28(.FZ2\,`[TFQ:MTBHF0$K;DYP2,"A,=BQ[W7V9_#7PI\_J![K]G5\X]?>J
M_P`V_G1_VOJ>C_XO^K^1_P"Q_F_ROSF$Q7__UO?QA$PB81,(F$3")A$PB81,
M(F$3")A$PB81?@B``(B(``!R(CX``![1$?H`,(M#W=ONHVWMFND(MV*U+IAW
M4'603.)F[Y4%2%F)\H<B4PRKIN4$C!QRU11Y`#=63/*[3W6W!</K7XGY!T>.
MJ\X<;9^<\S=[87UL+>K(]A])_P"D1A]$-Y55?-DH:F$3")A%EM&I-BV+:H>G
M59B=_-33HK=NF'((H)@`J.7SQ4`,#=BQ;E,JLH(?53*(^(\`-J::."-\LAHP
M#\NDK.R[+[K-+V"PLX]ZXD=0;!M)V`#$G8M_^E-.5K2=+9U:!3(X?*`FZL4\
MHBFF]GI<2<*NEA*'6FT0$QB-4!,8$$?#DQQ.<\)N[N2[F,CSV=0V#\M*]+\/
MY%:</V#+.V%9#B]],7NUD\@T-&H;34F7LQ5O%6/N0[E(#1$*FU020F[],MC*
MP->,J8J+9L)U$??DV9(050BTEDS%3(42JNU2"0@E*511/8V&7OO7DD[L(TGY
M!R^)1'BOBRVX<MPQH$F92"K&:@-&^_8VN@:7$4%*$C1M;[A9+Y8)&TVR6=3,
MW*+&6=/'1^>`$PBFV;)!PDT9-RCTI(IE*DD0`*4H`&3"**.&-L<3:,"\[WU]
M=YE=2WE[,9+AYJ2?$!H`&H#`#0L:RXL1,(NGL,!$6J!F:S/LDY&$GXQ[$2S%
M4QR$=1\@W4:ND?,2,FLD8Z*@])R&*<AN#%$#``Y\N:U[7,<*M(H5=@FEMIHK
MB%^[,QP<#L(-0HZU+8999G-4"W/57]YUHZ:0DQ).2E(XM5?>(J+TR_`0O!1"
MUQ#<P.Q(`))3+-^W((E0ZAM0.=1T3S61F!Y1J/2-/*"-2S\S@B#HKVU9NV=P
M"YH&ACA]I'^@X]G68W,<?.4NY?6K6>2FT]G3D8I"36QKY,0RR9$EHB4M]@D(
MQ5)/CRTU&#N06:G33Z0Z0$@@''AEEMM;L=OL@8'[0T`]=%LILYS>XA-O<9K<
MR0$4+72O<T_HEQ'@7!9W^\Q]:=TUC<+,SJ;X5/65MM-R*,(X!8PG7*I&IN"M
M#$<G'E4O1TJ"`"8!X#*F"%T@E=$TRC705ZU;9F>8Q6C[".^F;9.TQA[@PUT]
MFM,=>W6OT-@WH*N-("XV8*>8P&&L>^Y'W$/"WJ`3]V>H])Y'J?SOE]/E^:`'
MXZP`<=Q#WG?=TWO=M!7K3\3S'W/\/]^F]Q_E[[MS37S:TI7&FBN.E8AEU8*B
M6[_YD:5_MZZ?X!G,L2?:V_.?V2MG9_[#-_4C_P!1JEK+ZUBRNJWNZT=1\M3;
M78:LK)(D;R"D!+OHHSQ)(3BB5P+-9'S10,J84S#]9,3")1#D<M20PS4$L37`
M:*BJS;/,<PRXR.L+V6$O%';CBVHU5H1HU;-2Y<+LG85;;2S.OWBV0C:=<B]F
M4HJP2K`))X8>5';P6SI(RSI;V**"/6H7P,(AX91]O!(6E\+26C"H!HONWS;-
M+1DT=KF,\;)#5P:]PWCM-#B3K.DZUQ9&^7>7D6,O)V^S/I.+EEYZ+?N9R24=
M1<VZ69N',O&*BYZHZ27<1[<YUT>A0QD$Q$>2%XJV&%K7-;$T-(H108C8=HQ*
M^)<RS">6.>:^F=,QY>TE[JM>2"7-->RXEK22*'`;`L8777=+K.7*RKARX547
M<.%U#K+KKK'%1599503**JJJ&$QC&$1,(\CXY<````&"Q'.<]SGO<2\FI)Q)
M)TDG:L-O5PCZ'5)>TR*+AX2.1138Q3+RQD9Z;D72$97ZW$D5,1-68LDX\;L6
MA#"4IW+@@"(`(B'S(\1L<\ZO"=0'*3@%D6=J^]N8K9A`+CB3H:T"KGN^BUH+
MG<@*Z75]0D*I7%5K$L@\N]LDW-OOL@V.HJV<VF51;)+,F"BA2'-"UJ,9M8B.
MZBE/[O8("<!4$YC?,+"QG:^T<:NYS\@T#D"NYC=,N9P(`1:1-#(P=(8*XGZ3
MR2]WTG&F%%(^75@)A%]$E54%4UT%%$5D5"*HK)',FJDJF8#IJ)J$$#IJ)G`!
M`0$!`0Y#*$5P.A5:XM(<TD.!J"-2VT=IW=]\4'B=7;2>@6R&!&.J]N<J^%B5
MY!)K#S9S``$G3@)2(.!'AZ;@A^'`@*\9S+*^[WKBV'U>DMV<HY.35S:.U\%\
M<>^&')\XD_N\&QRGY^QK_IZ@[Y^@]KSMCV:%=559]CQ,+N[9;#2\RR1F*!08
MJ'V;M2-=(G4CIR>E7<JST]4%S"4S5V$5*P3^U.DR&3>QC^(@'`?FG@"/TQ[H
MWM>PT<#4*U<6\-U!-;7$8=!(TM<#H((H0M2W<AH25T7=3L">I?4V;,N\J,VL
M4!,LU(8HKQ+]4A2I>]HKS"E5X`H*D,14"E`XD+-+"];>0[VB4></E'(?S+S9
MQ7PW-PYF!B%76$E3$\ZQK:?I-U[10T%:"NV9ZBR81,(F$69:^O$WK>Y5^[5Y
M7RI2OOTWB1#&.5%V@(&1?1SKH$#&:23)51!4`\134'CQXRU/"RXB?#(.RX?D
M>A9^69C<95?VV86KJ31.KR$:"T\CA4'D*]%E$N<-L.H5^Z5];SHJPQJ#]N`B
M456RAP$CIBYZ1$I7<>[(=!8H>`*)F#()-$^"5\3QVFFGY<Z]2Y=?V^:6-K?V
MSJPRL#AR;0>5IJ#RA99EI9J81,(F$3")A$PB81,(F$3")A$PB81,(F$3"+__
MU_;PIL+8%TONQZ=J]I48UAJ"1@*_:[#=VLU)$L5YFJA!;!&BPD;"R$.K!L6=
M+N$(Z7L*JLD1)>1%!.,<&05-A549R_=/94M=&V+$:TK3"(K<-LP^S9/9FUBZ
M^J52NNJ;Q-ZWL^OX&U,J)<B7"6-;ZC,$;N#-8ULJR;-W'4`NRI)DHI\G[[8&
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M&)DYA&QRS=.*/42+1<K1=@0EJ>EO[QW'49Q`TN9JS"WV=G<7\<Z1BUXUBZ1?
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M@31!9>U4J3M=7A(JVUQB6PQQSO8Y=RV%*1:*`<4W*!E"4*G7"HF$3"*H7>=N
M$VL-5N(:*<@C:M@^KKT6)#""[*(\@H6*63Z1*8ID&;@C9,P"!B+NB'#GH'-I
ME-K[Q<A[A]6S$\^H?+T*#\>Y[^$9,Z"%]+VZJQNT-IVW=`(:-A<#J6C+)BO.
MR81,(F$7Z`"(@``(B(\``>(B(^P`#Z1'"JMX79_V^)ZCIY;38V0%V'<&2*L@
M"Q.%Z["*BFY:5X@'*!T71S%(L^#PY7`B8\@@4PP_-+[WJ7NXS]0PX<IV^3\Z
M]"\#<,#)+$7EU'_RD[075TL9I#.0Z"_EH/FU5Q\U2G:@?N"WK!:*IBDV\!"1
MLLH*K.IUXRHD4DY`I`%1TY!,?.3B(PIRG<J!Q^41(#`=4F9MC9OO)=P81CSC
ML'E.I1OB;B.VX<L#</HZ[?41LKYSMIU[K=+CS#20M"%MMMAO5AE+5:I1Q,3L
MPX,Y>O7)@Y,/`%3113*!4FS1LD4$T44P*FDF4"E````R:111PQMCC;1@7FV]
MO;K,;J:\O)B^X>:DGQ#8!H`&`&`6.9<6(F$3")A%".V&SFIO87=$.V<.'%';
MNH^]QS)%5PYG]5R*R+BPBBT;B*KV7I#ING.,"E(NX.DV>LFY/,D#&S'G!86W
M#?FZ>5NOI&D=(&E;?+7-N62Y3*X!LQ!C)P#9A@W$Z&R`F-V@5+'N-&*:&SEL
M];-WC-P@[:.T$G+5TV537;.6RZ954'#==(QTED%DC@8ARB)3%$!`>,O@@@$'
M!:IS7,<YKFD.!H0=(.PK[95?*81,(F$42W?_`#(TK_;UT_P#.98D^UM^<_LE
M;.S_`-AF_J1_ZC5+67UK$PB81,(F$4%I]6S=J&7'\[1-,/U$&X?7%O8]NO(X
M2.G'ATH.XS6U>DQ1)XK)'FY%8!*DZB"&'&^VF_\`'&>MW_\`(/6=K5N3_P`?
MEM/_`+EVW':V`'`<AE<*ZCW;1I;*5.F9*TR81,(F$7]$.=,Y5$S&(<ABG(<A
MA*<ARB`E,4P"`E,40Y`0\0'"J"000<5ML[:N\J'=T>=A]P3!F\YK^L2UB3L"
MX'</+76J\P<2+Y(J!"^=(6J-8MAX23ZEWZ8=8`94JIC13-<N[@FX@;]2=(]$
M^0^#1L7=N!.+SFL;<HS*7_D6#L.)^U:-1VO:-.MS>UI#BK?Z4JTU7Z8,S<&I
M6FQ=BRCC8VQVX+(NO=]KL+1@BG5TWC8YVS]CKRLQT=6F3D@%]4QAD5C@*ASF
M'2KI178;>U97]Q466I5@(!"NR^JB9(J93N82;;IJ!'RS7D0'K0,H8BA`$OG(
M'43$0`XYD6MR^UF;,S5I&T:PM1GF36N>Y=/E]T,'8M=K8\>:X<V@C6"1K7GK
MNU-G=?6N<IME:BTFH!^HQ>)AU"DJ!0*HW>-3G*0RS)^U4(N@IP'6DH4W`<Y.
M(963Q,EC-6.%?RYEYBS"PN<LO;BPNV;MQ$ZAV'81M!%"#K!!6+9=6$F$3")A
M%LJ_#^W"9A+RNFYER`,YKU-AJ!E3#RE+MD"FFXE(3"/U7\<W]4F4.DI#-EA\
M3*Y'\[M=YC;M@Q&#N;4>@X=(V+K/PSSWNIYLAG?]7)5\7K`=MO2T;PV%KM96
MV#(TNT)A$PB81,(F$3")A$PB81,(F$3")A$PB81,(O_0]E%\9W.E36\WNC]D
M:7C+)N!9I87)=F6\(A77FV8.A5S6K:R`Q90%K"V5U]7*/!INH-=.)5068.#I
MO1,]X:E79@HSIM4N55U@SI5DN':QM\ELC[W);2H]ZM31KKDFT]@;0V#LVW;`
MJ@_`EBEYFLVZ1V&NDO595(I(YHQ:(-I,QP>.GU%7H*D>=A7$/V_:LTMK_>E4
M?/*9":ZI5TM,CM1QKZVWBF4RM)1$V6*V!")WFR4>R7)_&-?5R3=)S)(L5W96
MCQH_.WD6U53631=!"UYC2W^L+=KIKVTTR3U?7MJZ[9ZR8;E?#3)FF[:EM:W&
M?LJEZ1ULVFV%]-=]:-G+D[B"E`DBN7:SAT+ISYJ1%&L3I:1I5*W#1Z?N/2CX
MW<M6;$MMJW2UJ"(>T_;FQ9.\/-F['H=9(ULS"SP<H2\@:*KSY[$IQRD2F51X
MY(]4]-15Z%VT!I"KTOXGU]3+GHV)U59NZ"G]SP6<]T.KL>-E(+8%(VA.U%Q!
MN&;R+GSS5AIJL:WFC3;11G`R(-Q9+*-/-=DQ4E[NH55VK\^O=^W=<Q7S>[5;
M#V]QOK)Z.6]SS,U\?^587WD/P\^,0^,$NI)/\Z/DFX]H954Z%C&Z]3US8^TW
M6V83;M!;2<4QT(K68!39,U2P?R.J'_<XSM#"5N5#G&5EK[2T4_N-7;L7K,KH
MT?(,R.%FCQ$!:JD',L-4TG%MK5`;2C[_`*[&W-I':*4[3F_=#NFO%?P6RX71
M4*99[OF/G7VP;388$.WN&.G[PA0CE&;DS(C9N+1!X>BKT(31C!L6TQS/:>F$
M8^^T+2,=8I!.Z21WL;>-6]QVU]^6.0;-9MY8Y.U-+RZV^](M(R$PE(%?-/4+
M$<"\/Z<F.Q9K(Z@I$M4*74I?;=$<QU>[A>ZK<,Z6,LD6U?2E9[B(ONPC&M<B
M%UI))-G/0J'<4U\QPJ8J!CQZHE$`.00JJ8[%$.EMJ2U[W?VW&F;#K]*K:7T!
MLB(MD^A&W*H.'EFLORE@ZT2;C-A0-70U_9Y5E6W[M:HLW5D7CDRF,ZD2)E8'
MD:*I&E;+/F-KW[>4S]J(3].RJI0[$^8VO?MY3/VHA/T["4.Q/F-KW[>4S]J(
M3].PE#L6A[NOW]6=J[BGWC.VP*];K!S56M=$S'"BHSBUE2OI%/I="50)65,L
ML13@#&;BD4?R0R9Y9"RVM6`N'>.Q..W5T#PU7G#C3,+G.<]N7QQ/-I#]7'V3
M2C3B[])U2#Z--BK7\55C[1P/ZXC_`-(S8;[/3'6HG[M<?=W^R?(GQ56/M'`_
MKB/_`$C&^STQUI[M<?=W^R?(GQ56/M'`_KB/_2,;[/3'6GNUQ]W?[)\B?%58
M^T<#^N(_](QOL],=:>[7'W=_LGR+8%V+:6:;+MOS.EDT)"E4AVDI%B42.6,[
M;"`"[-$BJ9S)K-X$!(Z6`!$!6%`H@8ICAFHS>][F$01N^L>.INOKT=:Z!\/N
M&SF&8NS*\B/NELX4!'G2Z0.9F#CR[HQ!*W39$UWI8O=+C`T"K3=QLSPK&$@6
M1WKQ8>!4/P)4V[5LF(AYSQ\Y4(BBF'BHJH4H>W+D,3YY&11BKW%8>87UMEEG
M<7UV_=MXVU)\0&TDT`&LD!>?#<>U[!N6]2ERG3&2(N;TL+%%4%1M"0B!S^BC
M6_/`"8H&$ZQP`/-7.<_`<\!.+2V9:0MB9TG:=OY:EYCSW.KG/LQFO[DT!P8W
M4Q@T-'C)UDDJ+,R5IE<&BZRI=YT+%QZ;))EMFQW*[!1IGK\LL\YJ4/6WQJ,\
M.H<$2J3C.57%B8>@`>I$()P`_2;5S7$L-ZYU:VS6-WALWB1O=%,>13G+LHR_
M,>&X8A&&YW+/+W+O3,;8SW)U=L..YH[8`KCCQ;;J&J%*RL<LZ<TFHU;36DYB
MT^Y(,LS/RUOO,&F!6K**?2L*U"0DG;1VX<*KN4DTBHF\!,(%Q%=2XQM&_*Z6
M0"IH`UIVT.`P`P7Q>Y'9`1W4[S;V,-A:.DW&;SW2S,T!I<P;SB'.<2X`4.O!
M8O/=OIVT`]GJK:#V<#M-?6"OQAH$8Q_,4_8DC(5UA*K@,L\!C*1-O8A&NFA2
MK)`=4BA'`E$`&ZR^J\,DCW<7`FM0'-`)&C$%N(/@6)<\,EMM)<V=YWW9A>QN
MYNET4[G,#CVC1S91W;FXBI!#J*(=@UAC2KM9JE'3A+(VKDLYAC3:;((])\[8
M"#>0,@U![(`5NB_(JFF?SC>:0@'X+U=(94$AFACE<S=+A6FG3HV:EH\SLX\O
MS"[L8KCO61/+=^FZ"1@Z@J[`.J`:X@5PK18:(`8!*8`$H@("`AR`@/@("`^`
M@(9=6"H-UD)J!8Y?2KOA.(CF:]KU(KP8"*Z[5>HMI&HI#QT`KJ^:?HL4B!TE
M)"/8LH"=0JY@QH?JGNMSYHQ;ZNS]$X<Q'*MOF'][!%FS?M7$,F_]VE0__P"9
MH+B?YC9-`W5;S7FH=C[5>BSHM4DILJ:I4G4B4A&D,P,(`;A],/#H1S8X$'J!
M,5/-.`?5*8?#*SW5O;"LTH')K/1I7SE>1YKG,G=Y=9/D`.+M#1SN-&CFK4Z@
M5?:@?AU+*%0=[.O0("8`,M!TIN510H"'(%-89AOY152^PY2L%"\\]*@AP(Z6
M?/1B+>'I=Y!Y5TG+/A:XAK\WS&FUD0_QN'7V#SJVU6[0^WVJ%2%'7[*<=$*!
M3O+2Z>V`RXE`0ZU6+Y<\.0P\^/EMB`/]'@&:R3-+Z2M9R!R8?G\*FUGP/PS9
M`;N6-D>-<A+Z]!.[U-"FR*HU)@DRI0E/JT,D4H$*G%5^)CTRE*!`*4I&C1$H
M%*"9>`XX#I#^C,-TTSS5\KB>4DJ00Y=E]L-VWL88Q]%C6^(!93EM9BZB2KT!
M,%.67@XB5*J``H62C63XJ@`04P`X.450.`)B)?'Z!XS[;(]OFO(YBK$MK;3@
MB>W8\'TF@^,*([)VSZ&M15`E-755`ZHF.=>"9&K#DRAQZC*F<5M6*544$WB(
MF$>1YYYY'G)CS"]C\VY=TX^.JTEWPEPW>`]]D\()UL'=GKCW55R\_AWTJ1(L
MYU]<)JM.QZSDCI])"P1)C?\`HVZ+A`L;)LDOZ3J&>&_V#FRASV5M!/$'#:,#
M\H\2A^8_"[+Y0Y^67TD3_1>`]O,"-UP'*=Y4/VCVO[BU.5P]G:V>6K[?K,>S
MUDZDQ#II$$>5G@$22D8I(`X^N[;H$$1X`PCFYMLQM;F@9)1^PX'R'H*YOG'"
M&>Y*'R7-IOVH_B1]IM-IPWFCU@`J8;2MTI6(!LPJY&SF^W*31J-"9NTE'#0+
M!((.'"LW)-TC$.M!U"&:.I=^0#I&5:,3I$."JB8#D3/<QH#/M7&C>?;S`5)Y
M`M1EUM'<3N?<DBRB;OR$8'=%!N@^D]Q#&Z:.<"10%9%2:C&42JPU3B3N5VL0
MV,11^_5\^3EY%TNL_F9Z7<])1>35@EW2[UZN(`*[IPHH/B8<^XV"-C6-T#P[
M2>4G$JQ=W4EY<RW,H`<XZ!@&@"C6M&IK6@-:-0`"RG/M8RN+J:%@D=(!:#UG
M2LI/.=JS\`K([A?O8YN$0SJ-2D6S*(5:3L)YJR;U\L<Q1$_!3B/&:JY>\WG=
M]Y,&=T#1FW><,<"IWDMO;-X>]\-IE[[DWKV%UTXM&Z(HW`-H]F-23KTKBUSM
M]>[-*2V+MI"!;W2V3%?K+75>OYJZ4.%4AW2$:XF;!,%FS*5RHKR!_+05`[]<
MY"JKB0$D_K5DOA;_`%0(<6-!.^X-<:XT`IBZFG0-`TKXM>&),W`O7,=&VXF<
MR,6\+Y86;I#2Y[M_L1%V`-7DBKJ4&/UD=1ZZ0JNE8:V6%W2KI9%[U6'SB%JY
M+&V=SL7M*P5I"5L[U6P0QFL2Q(U2:D%HD[7,0HG%,H$#S*-NIS+=OC8'PMW3
MB:8%@-`*'$Z<:*LN296VSR""]NG6]_*9HR61[X+VW#XPZ0E[:-%`T;H<:8T%
M,:L6*"?U>P3M9E"D))UV9E(*1*D;K3*_B'J\>[*F?@.L@.&Y@`>`Y#-E&]LC
M&2-\UP!',<5#KJVDL[JYM)A]=%(YCN=I+3X0NN9NEV#UA(M%/)?1;]C*Q[@"
MD,=I(QCM%_'/4>LIBE<,GK=-5,W')5"`(>(95S6O:YCQ5I&(7Q#-+;31SP2%
MDS'`M(P((T$+?WVV;S8;RH2,HJ9NVM\'Z>.N$6CP0$7QDSBWE&R0CU%C9DB)
MU$O:!%"J)<B*8B,*S"S=9S%H^R.+3R;.<+TIPGQ%%Q%EK9B0+Z.C96C4=3@/
M1=2HV&HU*P^8*E"H%WT:-+<:D7:E>9@:RTIF8L^D@GRK+5(AS+*KGX'ZR]<.
M<ZX#P`BU.MR(]"90W>37G=2^[//U;SAR._/XZ+FGQ%X=%]9#.;5G]W;M[=/G
M1Z2>=F)]4NV!:<LE2X2F$3")A%WU6LDK3K)!VJ#7]-+UZ492\>J(")`<L5R+
MD(L0!#S&ZW1T*$'P.F82CX#GQ)&V6-\;QV7"A639W<UA=V][;NI/$\.:>4&N
M/(=!&L8+T@42X1>P*;6KI#&YCK)$,Y1$@F`RC8ZZ8>J8KB7DOJ8]V4Z"H!R`
M*)F#(%-$Z"62%_G--/RYUZKRV^AS.PM+^`_52L#AR5T@\K34'E"RS+2S4PB8
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MTUO-2#4*U7#EK,*54LU.E4:I.6Y@9!TKQ;(%WA>?#EMQX^P<W+[?WF[B81V`
M:GF'EP'2HSQ=FQR?(;ZY8^EPX=VSUWX5'*T5=^BM`_PK6/LY`_J>/_1\FVXS
MT!U+S5[S<?>'^T?*GPK6/LY`_J>/_1\;C/0'4GO-Q]X?[1\J?"M8^SD#^IX_
M]'QN,]`=2>\W'WA_M'RI\*UC[.0/ZGC_`-'QN,]`=2>\W'WA_M'RKMX#7,79
MYR(KD+4H-Y+SDDSBHUJ2'C^5WK]PFV;D$?3"!""HH'48?`I>1'P#/A_=1L=(
M]H#0*G#8K]L;Z\N(+6WED=/(\-:-XXDF@UK>3IS7L=VIV*LZIB`,&LMJMSKP
M[@/-]+`[VB8161M\:W;@=1&,@]KUF'6F6;=))NT9R\-)F544<R[=/(+<3&>:
M24BF\=&P:@O4>4Y>S*\NM+%KRXQL`+CB7'637'$Z-@H!@%<C+*V"TN]Z?<=#
M[.M;S5]#LD7-U76U@D86XKP<FTD4%MDPRJC";@)([-98K=[2EA.T7:J"15%Z
M9<JA.2)B$IR6U:R(W+J&1V`Y!Y3XJ+AOQ)SR:YOF9+&'-M(:.=4$;[R,"*Z6
MM&`(P+B[30%47S>+F"819P78-@2JU6JK0S9@WI]IE;A"RK('2$TC,RJ4,F=0
MSOU9D`39F@D#H>6BFH0XF$3&^J!;/<,,DDAJ2]H:1JH*^5;$9G<ML[.R80UL
M$SI6.%0\.<&:ZTPW`10`@UQ.J4)KN2MMKL-@FKC7*?96%M@*]7[/6G#2:CX:
M53JZHN(:634BYUI+1DVU<'4,"S5RBF`*G("8$,)<QF9?%$QC(I'M<UQ(.!(K
MI&(H1SA;>XXKO;VZNKB_M8)8YXF,DC(>UKN[Q:[LO#FO!KBUP&)%*&BXL-W&
MWBO7I*\PT95FAF5694N(K!HUZO5H>NQ2[5]#-&;)64%^HO$RS--\DNNY55,]
M**IQ/U"`U?80OA,+W.-7;Q-<23IU4Q&&C1@OF#BK,;7,1F,$,+2V$1-CW28V
ML:06@#>K5K@'@EQ._B:J!EEE7"RKA=0ZRZZAUEEE#"=1554PG444.81,<YSF
M$1$?$1',T```#0HVYSG.<YQJXFI/*NQ@H&:L\LQ@:]%O9F9DURMF$;'-U'+M
MRL;D>E-),!-TD*`F,8>"D(`F,(%`1SY>]D;2^1P#!I)5VVMKB\GCMK6%TD[S
M0-:*DGF_*@Q*V5ZF_#BJ+M_3+WO@OOJRU"6-8JW589^NUCHAZZBI"(=MK#*L
MSI+SS=W'29R.&*9BL3G*43BX`A!+&K[-^\<UMJ*!IP=KT4P&H8Z_`NT\,?#\
M6<4DV=O$CI6@&$>8*.#AOGYS@0/-H!B*N!*V<Q<3%P<>UB86-81$6R2!%G'1
MC1!BQ:I%]B;=HU3201(`C["E`,TCG.>XN>XEQUE=,AAAMXF0V\360M%`UH``
M'(!@%V&?*NIA$PB81,(F$3"+\$`$!`0`0$.!`?$!`?:`A](#A%1G>783IW;%
ME0V1!1Z5'V?%PLM"Q,O&IF&MJ-IMY'/Y?UU82.E'H/I5:);E6?M"HNS%3`%!
M6*'0.SM,SFMWM,OUC`*"IQ`-*T/0-/@4+S[@K+\UMIV65+6Y>X.)8!N/<T$#
M?:*:-YV+:&IJ=Y:I-G:FO.H9\U>N\.HP7/YAX^10$SB'F6R9@*+N)D.@B;I(
M.H.HH@19+J`%"$,/&2JWN8;IF_"^HUC6.<+A&;Y+F.1W)M<P@+7?-<,6N&UK
MM?@(U@*-\R%J5ERESE%:&SUX9!@$*RMTE<TG0)./>AI24AHJ#<(*+"Z%H+`C
M2(2,0H(`H"AC")Q`0*6UW+>^,]3OEH;R4!)Z\5G&_F.6QY66M]W;.Z4''>WG
M-:PBM:;M&BF%:UQU++*UME:#KD=69>E4N[LJ])24Q4U;:SEG2E<?RQ6OO`J3
M>/F(V/F8MTJS(L=E(HNVQE@ZA+P)BFM26P?(Z1LSV%P`=NTQ`T:02#RBA6;:
M9TZWM8K2?+[>XCB>YT?>!QW'.IO8-<UKFD@$L>'-KC32#D4)OV0C(>E1,IK[
M75F-KEQ,2%,DI2-GFCR+E)FQ.K.X<N&\'8HF'D6:,D[_`#3)5KZ1,B28%3`>
ML5/A]DUSIG-GD;WE`X`C$`4U@D8:ZU65;\2RPP9?!-EEK,;4N=$YS7@M<]YD
M)(8]K7`..#"W=``H--83EI1_.2LG-RC@SN3F)!Y*2+HY2%.Y?R#E1V\<&*F4
MA"F6<+&,(%```1\`S+:UK&M8T4:!0<P4?GFDN)IKB9V]-(XN<=I<:D])*Z_/
MI6E,&CMUN-"WQC>EG9$*RBD=I=4%W"3=FYJRABJ2*JRJYTT$58P$P=(J&,0I
M540`QN@QP'#OK9EU;OC<0",0=A'R:BI#PQG5QD>;V]U"USHW'<>P8E["<0!K
M<,"WE`&@E>@^M62OW*NP%OJ<S&V.K6F&B[%6[!#.T9"(G(&;9(241,1;]L=1
MN]CI*/<IK(JD,)%$S@8!$!R#D4)!TKT\UP>UKV^:179X#B.8XKMUD47"*K=P
MDFNW73.BN@L0JJ*R*I1(JDJD<#$434(80,40$!`>!R@)!!!Q57-:]KFN:"TB
MA!T$;"O/IW):D/IO:LY6VR2I:Z_$)ZIK'$QP/!2*BHIM/--R*BL2Z35:F$1Z
MC>2!Q_+#)Q877O5LR0GZP8.YQY=*\R<5Y(<ASFXM&-/NKNW&?H.U?HFK>BNM
M0)F:HTF$3")A%MJ_#SV2:2K-IU<_<B=Q6W(66OI'$1'W+++`C+MT0]A$6,R)
M%1Y\1._'V_1&<\M]V2.Y:,'8'G&CK'B7;/A?FQEM+S)Y7=J(]XSU'&C@.0.H
M>=ZV09H%U5,(F$3")A$PB81,(F$3")A$PB81,(F$3"+_TO?QA$PB81,(F$3"
M)A$PB81,(F$3")A$PBU)?B(7\TA;*?K=JJ`M:[%J625*0W('E9LYFK%!8.H>
M%6$8R%0O@'U7OM'Z)/D4&[%+<$8N-!S#3UGQ+B?Q1S,RWMCE3#V(F=X[UGX`
M'F:*_IK7%F^7*DPB81,(MB/X?FK"SMOG-IR;<#Q].2&&@/,(!B*V26;"+QRF
M8>0ZXB%4Z3`(`/4^3,4>2CFBSNYW(F6S3VGXGF'E/B74?AEDPN;ZXSF9OU4`
MW6?^XX8G]%G[8.I;/]E4-CLJE3-0>O7<0J^*R?0EACBHFE:I:X&1:3U0N$.5
MR15H>8J5HC6DBU(N11NHNV*59-1(QR&BZ[@JWWCN6=UGM\G+9+H1T%MZ)DGF
MKYZL,U%7#6"VRR1*234CB2*:;]Q6#QJA+##+.T4E)"!=L7!TR`Z*7,W+[7WN
MY9&1]6,7<P\NA1OBS.AD.37-TQW]T[L1>NX8&GT15VS"FM>?*W:OBK'.N+K#
MRDO2-BKE(#B]5A5!*2FBH^:*#.Y1KY!Y"7F,3%=0")2C=PJV!4YVBK98WG!,
MG0,)WV'<DVCQ$:".?1JHO.D&9SQQFWN6B>T))W)*FA.ES'`AS''22TC>PWPX
M8+&`V=8J`)6>[(EE&11/J)[;JJ+P^N5BE(4?.MS!TN^F=5K'$#\G?K/H0A2D
M`9;SE2MP^.^=%A<-`;Z0\WIUMZ:CZ6I7_P`/@O>UE$I=)_)?3O?T"*-F_1#9
M-/U5!O*;F[A!V@@Z:KHN6KE%-PV<MU"+(.$%B%417063,9-5%5,P&*8HB4Q1
M`0'C,@$$5&A:AS7-<6N!#@:$'2"OME5\IA$PBSK7.N;7M2UQ]/I\>9]*/C=:
MJI^I-C&,4S$!S*2CD"'!I'M`.`G.("8QA*0A3J'(0UF>>.VC=+*ZC1X>0<JV
M.595>YS>Q6-C%O3.ZFC6YQU-'YA4D`[R]"=NM-T9!D(P23F+B^;IEG[:Y1+Z
MMP<2E,JQBR&`PQD,FJ')4BCUJ<`94QS`7IAU[?RWC^T:1#0WR[3^07HGAOA:
MPX=MP(VB2^<.W(1B>1OHMY-)TN)PI87,%2=<=V[:,&KA\_=-V3)HBHY=O':R
M;9JU;HD%19=PX6,1)%%),HF,8P@4H!R(Y4`N(:T5)7R][(F.DD>&QM%22:``
M:22<``M:.^?Q2M#ZL6>06ODG.Y[2V\Q(YZZ]2CJ2T<$'I\MQ;UD'A9'CGJ`T
M:V>H'`!**Q#>R1V/#%]=`/N*0Q<HJ[V=720>1<DXD^,?#>3.?;96#?W@]`AL
M0/+*0=[_`.-KP=&\"M5.S/Q1.ZF^J+H0$_!:OB%>LA6-)A&QGYD1_(\^?L7O
MN53<E#VJ-#LP$?84`\,E%MPSE<%#)&Z5^UQPZA0==5QG-_C#QGF1<VVN8[.`
MZHF"M.5[]]U>5I;S*FUFW3N&Z*J*V[:FQ;,910RA@G+I8Y-(IC&(8020=R*J
M**912+TE(4I2@0H```4`#<1V=I"*16L;>9H'R*!7>?Y[F!+K[.;J8D_/E>[P
M%Q`Z-@49B(F$3&$1,(B(B(\B(CXB(B/B(B.9*U*RROWZ]5,Z:E6NELK2B0<)
M'K]CF(8Z0#YG()FCGC8Q`_/']G'Y0_TCEJ2""7[6%CN<`^-9MKF68V1!LLPG
MA(]![F?LD;2K5Z\_$-[MM=*MRH;5D;C'(B3S(K8;5M<4G8$``*5Q+R)/BDH"
M`>(I2"1C<\B(CXYJ[CA_*KBM;4,=M9V?`.SX%,\K^*/&V5%N[G+YXA\V<"6O
M.YWUG4\+9?I/\7VESJ[.&WM1W%(<K'(DI<*:9W/5DAC<];B0K[@%+'%-4^./
MZNI*J"(_D@'(Y&[WA*9@+[&??'HNP/0=!Z=U=;X>^.67W+HX.(\N-N\X=[%5
M\?.YA[;1ZID/(MMM'OU*V5765LH-HA;=79`@&;2T&_0?-NL2%.=LX\HPJLWR
M`'`%6ZQ4UT3?5.0I@$,BD\$UM(Z*>)S)!J(I^0Y="[;EV9Y?FUK'>Y9>1SVK
MM#F$$<QIH(UM-"-!`*R[+2SEA5_U[4MG5I[5+E$H2L4\*(DZP`CN/=@0Y$9&
M,=@`JL9!MUB)%"?0(E,!B&,4;T$\MO()8G4</#R'D6OS/*[+-[22ROX`^%W6
MTZG-.IPU$<QJ*A:-^X;MRL^B)TOG&5FJ5+.%BUVSII"!1$!.H6)F2D*";.:1
M;EZN`X2<$`3I?DJ$3F%C?QWK,,)AI'RCD\2\\<4<*WG#ER-ZLF7O)W)*?JNV
M/`Z'#$:"!7+,]15,(F$3"*(9[;+89=Y4==0ZNR+JQ<>CE&46\*RJE0=<F`Q;
M]=1;O8VN+(`'4>/13?39B&`Z;!0@B<+#IQO%D3=^3DT#G.KFQ/(MI#ECNZ9=
M7THM[1PJ"15[Q_XXZ@N]8EL>HO!P7!9ZF<69VUG-R32%^D&RJ+R/IK=FI'ZK
MKCM%4KALNRJCA=V>T3#!8A13DYI1XJFLF"S-%AU&3"@A+R'3NWCL^:.C6>4U
MY*+[=F;;=KH<JB,+#@7DUF<-!J\4W&G6R,-!!HXOI5;W.P'<!INN2NHYIWUR
M%5(I,U453!YB]==N?^(QY##]93W1*.04+R(F\IT!2\$2``T&=VNY(VZ8.R[!
MW/J/2/%RKJWPTSPW%K-DEP^LL/:CKK83VF_HN->9U-#5L:S0KJBI3WS:L+>-
M3GM\>W`\_K=569`Q"`*SBMN021L+;J\."-$TTGPB(\%(U.`!R?-OD]SW-SW3
MCV),.G5Y.E<_^(F3#,<E-]$W^YM#O<IC.#QT8/YFG:M)>2Y>?DPB81,(IZ[9
M;^;6^[*/.J*>7&/I,E;F^1$$_=-B$(Q9=;@2B*<>X62=>'^\@'@/L'"S"#WB
MTF93M`5'.,?#HZ5).$<S_"N(,NN2:1.?W;_5?V23ZI(=T+T(9!UZ=3")A$PB
M81,(F$3")A$PB81,(F$3")A$PB__T_?QA$PB81,(F$3")A$PB81,(F$3")A$
MPB\X^[+J.Q-L7ZX%6%PUEK&^"+5ZNOJA&!PC(,`-U&#@L0S1#P'I_H\,GEI#
MW%M!%3$-%><XGPKROQ!F'XIG697P=5CY3N^HWLL_5`46YDK3)A$PB81>AWMU
MUR75VGJ95U6_IY8T:29L13``*^_YH"OY%%80$0.:/%4K0HA[4VY<@M]/[S=2
MR5[-:#F&`Z]/2O4/"V5#)\BL+-S:3[F\_;OOQ<#ZOF\S0IMS$4@6BSO9LD#8
M-^6-.OMRM_<T;"0%C7:.%RLYRRQ"3OU$LZ8$6"/-,Q[)\E$JNQ2!XHA'(H**
M'1;-B)2W)K;N;;OB.W)CT#1Y>D+@'Q&SDYAG(R^-W]M:`MYWNH7]5`WD(=M5
M2,W"YZOP0`P"4P`)1`0$!#D!`?`0$!\!`0PJJ$7.IWU2<+S&EIEM2%UE5G;^
M@R+99_JJ?<*CYJQRP#91%U195TMR)GT&=!$ZJQUWC*04Z0#',)8=ZW=N_1^:
M>C5SCG(*V[<R9<M;%FT1F`%!(#29H]8X2`>C)4T`#'L"[2`VRR5EV51OL.ZU
MM>'ZIV\9#SCI%U`VE=/D3?`=R130A[4)DR^8#/AK,)(\'<,4`$.:MG&\&2MW
M)#J.@\QT'FP.T!6ILL>(GW5E*+BS;B7-%',_]QGG,V;V+"<&O*EO+ZUB[FNU
MZ9MD[%5JOL%I.:FWR$=&L6X`*CATX.!"`)A$"))$`1,HH<2D33*)S"!0$0^)
M'LB8Z1[J,`J2LBUM9[VYAM+6,ON)'!K0-9/R;2<`,3@M^?;UH:!T73DHMN5N
M_MDLF@XMUB(0P'D'I`.9-BS,K^<2B(SS3)H$X)UCU*F*!SF`(5?7K[R4N-1$
M/-&SEYS^9>E.&.&[;ARP$+0'7KP#*_TCL'T6UH!A7214J?LPE)5`O<)W'ZR[
M:J8>W[$E136=`X1K=8C_`"U[':Y%`A#&90[(YTP\I'S2"X<JF3;-BG+YAP,<
MA3YUAEUSF4W<V[<!I<=#1M)\0TE1KBCBO*.$LO-]FDU'&HCC;B^1PU-')AO.
M-&MJ*G$`^9SN>[VMQ=SDBZ9S<DI5=<D<@K%:W@'2I(=,J1P,W<V!X!$'5HE"
M"0IO,<@""2@"9N@AU&`>D9;DUGEK06-WKBF+SIZ/1'-CM)7DCB_X@Y[Q?*^.
MXE,.55[,##V<-!><#([E=@#BUK53O-NH(F$3")A$PB81,(I;TYO3:>A+.G;-
M6VQ_7)`PI$DF1!*ZA)YHD83>@GX5R"D?*-1`Y@+YA/-1$PG1.FH`'#$O+&UO
MHNZNH@YNK:.4'2/RJMYD/$><\-7@O<GO712X;PTL>!\U[#V7#G%1I:0<5Z3.
MSSOUH/<ZU0JTRDTH^X&S8ZCNHJ.3&C;(FV1%5U*4QXX'S7:2:1#*K,51%XU(
M!AY62(9?.=9OD4^6DRL)?:$^=K'([RZ#R'!>L.!/B3EO%[&V=P&V^>@8Q5[,
ME!BZ(G2-98>TT5\X`N5^LT2Z6L7N=-KFP*S+5&UQR4I!3+?T[QJH(D.42G*J
M@Y;+%X4;/&C@A5452B!DU"@(>S+D4LD$C98G4>%AW]A:YG:36-[$'VT@H1XB
M#J(.(.HK0'O73$]I"\O*M*B=[%N"F?UF=!(4T)J&.H8B2H@')$9!H8/*=(\B
M*:@<ARF=,YIM9W;+R$2-P=H(V'R;%YIXCR&YX>S%]G-VH3VHWTP>W;R.&APU
M'D()AG,M:!8!<ME5>DKL8M^L\EK3,)**P%(K;,\W<9\B2A$%%X^#;&\U&+;K
MJD*YD71FT8R`P'=.44^3A:DF9&0#B\Z`,2>C9RG`:RLZTR^XNP^1@#;9I[4C
MSNL;SN.LZFBKW:&M)P6$!5-B[+*978\BM0*@OP*>M:/-K%L,DV$>H$;]L:-,
MV=)^<3I\Z,KIFB*1P.DI)R38XE&WN2R_:G=9Z(./2[Y&TYR%E^\V&7X6$8GN
MA_%D;V0?_'$:CF?+O$X$1QN"F""@(.KQ+*!K</&0,)&H@WCXF'8MHZ.9H@(F
M\MLS:)I((E$PB(])0Y$1$?$<OM:UC0UC0&C4%JYIIKB5\UQ*Y\SC4N<22><G
M%=MGTK2D74VP'VK=B52],?,.,%*(JOFR9A*+Z(<`9K,,/RBEY>1JZI"B;D"G
M$IN!XRQ<P"Y@EA=\X=1U'K6UR7,Y,GS2RS&.OU;P2-K3@X=+21SXKT<1L@SE
MX]A*QSA-W'R;)K(,'20]23EF]0(Y:N$S?[R:R"I3`/T@.0)S2UQ:X4<#1>J(
MI8YXHYHG!T3VAP(U@BH/2%_;YDTDV3R-?H)NF,@U<,GK54.4G+1VD=!R@H`"
M`BFLBH)1#^@<`EI#FFC@562-DT<D4C0Z-S2"#K!%".D+S?[4H[G6VQ;C1G(*
M"-=G';-HHKQYCF*4$'<,].`>`"^B'""W'T>9D]MIA<013#YP\.OPKRIG.7/R
MG-;[+GU^JD('*W2T]+2#TJ/\OK6)A$PB_0$0$!`1`0'D!#P$!#V"`_0(855Z
M.-)W3YAZFH-P.MY[J8K;'WFKU=?7-1Y31<Y];J,(],PR7#Q'J\/'QYR!W</<
M7,\5,`[#F.(\"]4</YA^*9+EM\75?)$-[UV]E_ZP*E',9;A,(F$3")A$PB81
M,(F$3")A$PB81,(F$7__U/?QA$PB81,(F$3")A$PB81,(F$3")A%$N][8-'T
MYL>S$5!!RPJDFA'K";I\N6E4O<\0?D/$1+*/T?`.!-[.0YYS*LHN^N[>.F!<
M*\PQ/@"TG$=[^'9%FMV#1[87!I^D[LM_6(7G/R=KRRF$3")A%.7;91B[#W90
M*\NCYT<G,ISDN0P!Y1HNO)GF72"W(#^:?>B*W'Z1%8``0]H8>83=Q:3O![5*
M#G.'@TJ1<*9=^*<099:N;6(2;[O59VB#STW>E>AC(,O3ZPS8MQ9Z]HMLNKX"
MG0K4%(2A43#P#IT@@;T+$!ZB?7?OC)HE\0^LH'B'MR[!$9YHH1I<X#RGH6!F
ME^S+,NO<PD\V*-SJ;2!@.DT'2O-K)2+V8D9"6DG!W<C*/74B_=*"`J.7KU=1
MRZ<*"'`"=9=4QA_VCD^:T-:UK11H%`O*,LLD\LL\KMZ5[BXG:2:D])7"SZ5M
M,(F$736&NP-LAWU>L\/&S\'))`B_BI9F@^8NB%.50GFMW!#IB=)4A3D-QU)J
M%`Q1`P`(?+F->TM>T%IU%7H)YK:5D]O*YDS3@6FA'2/R*B0:WLG6H&5H<@YV
M54$?$=>7*9_[WQ3<#B8R-(V++*F/*%3(8?+861185#])2RK-$@$RQN2Q?9G?
MC]$G$<SCIYG>T%L_>+"_H+Q@M[H_Q6-[!_\`<B;HY71`4_EN)JMZ/X>&I$/@
M=GONP04S$3ER:.6U3A;1#N(>;KL"DY59OWKJ/>`!T'TT[;'(BLGUHK1Y"+-E
ME6SL#FCV;WW?.%M'4,;YU<,=G1U$\P76_A_PO^'1OSB[W'7,@I$6D.`C/SP=
MK^8$-%#3>(&RW-(NFJO_`')]Q5)[9M:2.P;>87KHQ_=U5J[9=-&4M=@5(8S:
M,9F4*<&[5$@"L[<B4Q6S<AC`4Z@II*9^79?-F5RVWAP&ESM31M\@UGK49XLX
MIR_A'*9<SOCO/\V.,&CI'G0T;`-+G?-:":$T!\F>Y=T;!WS>I78.QII66F9%
M0Q&C0AE4XB`C"G,9K!U^/.JJ2-B613<%(`B=0XF55,HL=10W5+.SM[&!MO;L
MHP=9.TG63^88+Q1GV?YGQ)F,V9YK<%\[S@/FL;J8QOS6C9I)J7$N))BK,I:5
M,(F$3")A$PB81,(F$781,M*P,FPFH.2?P\Q%.T'\9*Q;M=A(Q[YLH55N[9/6
MJB3AJY05*!B'(8IBB'(#GR]C7M<Q[06$4(.((Y5=@GFMIHKBWE='.QP+7-)#
MFD8@@C$$:B%Z;NP#O;:]QM:"@7]VW:;IJ<<55XJ)4&K>_P`(@?ROB.,;I`1-
M&79%%,LFV(4"=9P<(@"1SI-^;9]DIR^3WB`5LWGV3L/)L/0<<3Z[^&7Q"9Q5
M:?AF9O#>((&5.@"9@P[QHU.&'>-&%3O-P):S9'D=75U`G<;I9ANW7,A``FBE
M9XL%9:G22@%(9K,HHF`&*JPB421TRF'IUP$1*7DBO28R1,S;"[=9SM?_``S@
MX<GE&D=6M1OBK((^(,JEMJ`7C*NB=L>!H)]%WFGH=2K0O,3)K[;NDD_A8N,D
M],UI@_=1LE8[/&-C;.DSLG*S1ZC6J5*(.F-*+YB7U'D^DN]*(&*:()]1;)>'
MRS@&/L1'YQTD<@U<YQ^BO/K[>RRM[V7E+B_:2#&"1&QPTB1XH7D'`MC('_ET
MA9E3->U2AI/OA^..$C+JIN)^Q2;MW,VBR.T@.";NPV.46=2\LJB"IBHE55,D
MV3'RT2)I@4@78XF1UW1B=)TD\Y.)6ONKZYO"SOY.PW!K0`UC1L:T4:WEH*DX
MDDXK-<N+$3")A$PBW@]CFPQN>E6<$[6%65U\_6K2WF#RJ>(.'KX!;P,(`BDS
M7,S3\`'AF/A](P_.(.ZNR\#LO%>G0?+TKT-\/,T]_P"'X[9[JS6KC&?5\YAY
M@#NCU5<G-4IVM17XB%&+&W:G7]JCTHVB&<0<F<@!TC*5U4BC==7PY!5U&21$
MR^(@)6GL#@>9/D4V]#+`3BTU',?SCPKB'Q1R[NLPL<S8WLS1ECO69H)Y2UP'
MZ*UU9OERU,(F$3"+<;^'I;1EM66:IK*=:]1M1G#<O5_V,59&A'39/HY$0YE&
M#X_/@`]7''("(Q7/(MVYCE&AS?"/S$+NWPPO>^R:[LG'M035'(V05'ZP>5?W
M-(NEIA$PB81,(F$3")A$PB81,(F$3")A$PB__]7W\81,(F$3")A$PB81,(F$
M3")A$PB814;[_P"R#$:390B2I06M=QB&*R/5P92/C&[Z;74`/]XJ3]@U`?Z!
M.&;C)(]Z[+R,&L)Z30>(E<[^)EWW'#\=N#VIIV@CZ+07GJ<&]:TLY+5P),(F
M$3"+9+^'/42NK/L*\KI`(0T-&UI@H<`,`KSKM21?G1YYZ%6Z$(B4QO`>AQP'
M(";-!GTM(X(0=))/1@/'X%U?X66._>9GF+A]G&V,<[SO&G*`P=#N=;9<C*[4
MJ%_B"70\'J>$J#=84W%XLB0.DP/T^?#5LA)-V02AXF`LNLP-_0''_1FZR.'?
MN7RD8,;X3AXJKF_Q-OS;Y+;V+74=<2X\K(^T?UBQ::<E:X,LG8TFYRD*ZLD9
M4;/(UUCYGK9]C`2KN%9^3SYOJI5NT48M_*X^MUJ!T_3EMTT37B-TK1(=1(KU
M+,CR^_FMWW<-C,ZU;I>&.+!335P%!TE8QEQ8:^ADE2IIK&34*DJ)RI*F(8$U
M#)=/F%3.(=)Q3ZPZ@`1XY#GVY2NK6JEI`#B#NE?/*JBE[1.LUMN;2JM+Z50C
M7;WUU@71'I.VKT:'JY8Y5.0\E5=`GD)&\>%EB>`^S,6\N!:VTDWS@,.<Z%O.
M',H=G><6>7T/=.=5Y&IC<7<Q(P'*0O1&S9M(YFUCV#9%FQ8MD&;-HV3(BW:M
M&R146[9!$@%(DB@B0"E*``!2@`!D%)+B7.-25ZBCC9$QD4;`V-H``&``&``&
MP!?&4DX^$C)&9EGB$?%1#!W)R;]TH"35C'L&ZCIZ\<JF^JF@V;)&.<P^`%*(
MY5K7/<UC!5Q-`-I*I--%;PRW$\@;"QI<YQP`:T5)/(`*E>1_O([FICN>V_*6
MCSG;>B0"CJ#UO!+B8A8ZO$6*!Y1PV\"IS-E50*Z=B/4<GYM#K,1NF.=6R?+6
M99:-BH._=B\[3LYAH'2=:\1<><73\7YY->;SAEL1+(&'YK*^<1Z<E-YVL8-J
M0T*IN;50E,(F$3")A$PB81,(F$3")A%EU"O5HUE<JY?J7*+0UHJLFA*P\@AX
MBDNCU$4173'ZCEB];*'0<(GY3704.F<!*80&U/!%<PR03-K$X4(_+6-(.HK.
MRW,KS*+^US/+YC'>0O#FN&T:CM!%0X'`@D'`KV`=N&\Z_P!Q>H:KM"!(1HI*
MMS,K%#`H*JE>M4>!$IR%4.8"G.DW<F!1NH8"F6:*I*B4O7P')<QL9,ONY;:3
M&F(.UIT'R[#4+W-PIQ%:\59'99Q;#=+Q1[/0D;@]G0<6G6TM-!53GF"I&M-W
M?OJ=.IW^.V-$M@2B-@)JDEB)$`J3>UQB:17*P@7@B?OE@9-;CCJ.NDN<1$39
M*\EN>]@=`X]MFCU3Y#X*+A'Q)R4669Q9K`RD%R.UL$C=)_2;0\I#CK5!LW2Y
MJNR90TO)-I!['14D_9Q")',J[9,73IM&-U!.":\@N@DHDR1.)#`!E!*41`?'
MPSY+VM+0YP!.CEYE>C@GE9+)%"]T;!5Q`)#1M<1H'.B$-+NHY],-8J2<Q$6=
MNG)RB#%TM'1QW:A46I'SY-(S9H=RL<")@H8HG,(`'(C@N:'!I<-XZ!K*-@G?
M%).R%Y@93><`2UM<!4Z!4X"NE=;GTK*817T_#[NAX3;,S3U5A*SN];7%%#KX
M*K,ULQY-F?I'P,*<2H__`-OC_1FESN'?MF2@8L=X#AXZ+I/PROS;YU/8N=]7
M<1&@^G'VA^KOK<MD47>%3WOEJ);-H27DDT@4>4R9A;*W$`#S?(,X&#D"%/[?
M*(RF3K'*(\#Y(#XF*7-KD\O=WK6UP>"/E'B4%^(EC[WPW/*!5]O(R0;:5W'>
M!Q)YN9:-\F"\\)A$PB81;!/P[[(+#9]OK"BI4T+%3O7)D$W`K2%?E&GITR%]
MAC`PEG9_]@$'-'GL>];Q24Q:^G01Y0%TWX77?=9O?6A-&RP5YW,<*>!SCT+<
M-D67=$PB81,(F$3")A$PB81,(F$3")A$PB81?__6]_&$3")A$PB81,(F$3")
MA$PB81,(F$6K#\2":$SW55=(80!!K:9IR7GP.+I6%8LC<=`<"EZ-Q[##SU^(
M!P',CR!F%S)R@>/\RXY\5;BLF36HU"1YZ=P#Q'K6L3)$N0IA$PB81;K^P6NA
M$:+-+F3$%;7;IV4*J8H`8[5@5G7TDRF``$R*3F(6$.>>#G-D1SN3>O-WT6@=
M>/RKT!\-;7N.'3.1C-.]U>1M&#HJT])*NWFH705IM_$)LXRFVJ]64E>MO5J@
MW453Y'\U*3SYT\<AQSP'7&MF0\^T?_PR5Y''NVKY#I<[P#\]5PCXGWG?9W:V
M@/9A@%>1SR2?U0Q4'S=+FJNW<_F?\\];_+;XA^&O=.M_E5[F]7\/?#'N.&]9
MT>G_`.'^E]?ZSWOYWU?,\_S_`*F:B'W;W.X[_=[RK]^NFM3TZ*;O11=!O_Q?
M_P#195^$][[IN0>[[M=SN]QM='9I7>[RNO>WL%S)VO4V.=O;!0]5PNW$;SOK
M8E3%JL,X+.'@8M]#G@:[7E(&28MX9U8T95PX:R"A5#)-T2=)>DAP-\L?*X!D
MUR8BR!KM6)(-2:@UI0`C:KEQ:V$3Y+G+<FCOFW&93QT._1K&ENXQFXX!I>'.
M+7FM&@4%`5B&WG*7R%U9'LZ'%0+:,O\`MN)5<(.9:8?P"T4]K+<C!S.%DC0S
MV0G""(O%O3$3=*,2J-4VY/,*>[:C^]N7&8N)8PZ@#4'&E*T&K'"N-5@YX]O_
M`.;R>)F6LC8RYN6U!<XL+3&*%^]N%S_G'=`<6`L#14&H^;10A;8?P[=?D:0%
MTV:[0#U4N]3J,*J<H@=.,C2H24PHD;G@Z#^07;D'^@[(?]N1G/9ZOBMP<`-X
M\YP'4*]:[3\+LL#+:_S=[>V]W=,/T6T<ZG(7%HYV+93F@76%J?\`Q8M\+4'3
M\-J"!>^1/[==KC."BIPX:T2`5;+R")N@P*M_B"75;-P,/U5FR+M,0$!'B4\*
MV(GNWW;V_5Q##UCHZA4\]"N*_&KB1V69%;Y%;24N;YQWZ:1"RA<.3?<6MY6A
MX7F^SHB\I)A$PB81,(F$3")A$PB81,(F$3"+:Q^%#OA:A;H?Z?F'O15MNM#!
M&)K*=*#&]P+5=Y%K)F4-Y:/ON)(Y9G*4`,X<`T+R/04,B_%-B)[-MVQOUL1Q
MY6G3U&AY!5=H^"W$CLMS^3(IY/[.^;V:Z!,P$M/)OMWFGTG;@U+TDYSI>KU7
MGNGU^78NC[K%IH^=*0K$;;!\%$RI9*ND4>G20(`AU+/XP'+4H#_Z_P#IXS.R
MV?N+R%U>R3NGF/D-#T*+\998,TX>S"$-K-&WO&>LS'#E+=YO2O/WDW7F97*[
M6;)&5>J[C=SQ4SUJ4-K6JVDBI2F)\,6Z>EZU.K"!O#K:1THHL3_STPY\.0'5
M9C&Z22U#/M!O%O.T`CPA3S@Z[AL[+/7W('NC^XCD_P#;E>Z-YZ&N)YPI)E*D
MXUSHO:^C!317LR#.K6JUJ)J))^HE[#N>K5VK,BNE3'(@BG5X1!T7Q!,HR(B/
M/`B..V43WMM>?PZD-YA&2?"2.A;::R=E7#N=<.T!NPV.231BY]U&R,5.@=VP
M.V=M<>3U-3';)\T?4FLQ3ZD[@U73%DJHSOR;?T$[-/8>TP4]:+4+%*Z.A],D
M8[MFT0*B8Q3I*BBX(4*MN90YI$SBU\3W=K=U"H(#?-YB><5"^)LEL'QR,DR^
M%DEO?6\1$8FINO>6R,?))02G`5<UHI@0=UP"J1N5U`#?[%"5BHPU0A:K-SU<
M9-8M:6=N9!&.FWZ19&9>2TB_.YD50#C\T""*:8%(5,`+R.SM0_N8WR2E[W`'
M&F%0,!0##K4)SY]M^)W5O9V,<%O#(]@#2XEP:]PWG%SG5<>2@`H`,%^Z.LXT
M[<&MK&*HH(,+A"D?*@/'1%OWB<;+?^0T8\5#_;SB\C[VUN(Z8EAZQB/"G#MY
M[AGN576]1K9V5/T2=UWZI*]&N0->J%@^S:Z%NUS>ZP*8J'GJC88M`H%`QP=/
M(ITBT43*8!+YR+HQ#DY#P.4,O6\G=3PR>BX'PK79O:^_95F5G2ID@>T<Y:0.
MD&A"\UN3]>3TPB81,(K,=GTT:$[B==J=72C(NI>%7+X\*%E8"4:-RB(%,/U7
MQTC?])?$0#D<U^:,W["<:P`>HA2[@:X-OQ3E9KV7%S#^DQP'AHM^60I>DTPB
M81,(F$3")A$PB81,(F$3")A$PB81?__7]_&$3")A$PB81,(F$3")A$PB81,(
MF$6F+\0B2%WNJ$8@8/+BM?0Z(D`Q#<.'4U8GBAQ```R9CH+)!TB(^!0$/;DL
MR-M+1[MKSX@N"?$Z7?X@MXZX,M6CI+WGQ$*B6;E<Y3")A$PB]"G;'$!":!U4
MR*3RP6J;*7Z>GHY&P*+SQC\<!SYII(3<_P"]SS].0?,7;][<GZ5.K#Y%Z>X1
M@]WX:R:.E*P!WMU?_B4[9A*1KS]]UTT>=[A=GNS&,(-9Q&%3`PCP0D!%L(02
MD`2D`I1.P$W@'B(B/(B/(S?+6;EC;C:VO6:_*O,W&EP;GB?-WDZ)`SV&M9\B
MKSF<HNLG8W:YQ<*ZK<9;K/'5U]YGK8!C/RK2%>>=SYOJHIN[38N/-Y^MUICU
M?3EMT,3GB1T33(-9`KUK,CS"_AMWVD-],VU=I8'N##735H-#TA?*"N%MJZ;Y
M&M6BQ5U&32\B22@IN3B4Y!#@0\E\FP<MRNTN!$.E0#!XX?%%(09(VN(T5`-.
MM4M[Z]LQ(VTO)8FO%'!CW-WAL.Z17I77!+RQ8L\(63D2PJCLL@I$`]<A%G?D
M3\DKT[`%?2&=E1^J"@DZP+X<\9];K=[?W1OTI77UJSW\PA-N)G>[EV]NU.[7
M17=T5IKI5==GTK2]#O;A5"TO1NLX/R_*7-6&4R^((`!R2%DZ["^35$.>I1!S
M)F3YY$."``>`!D&OY>]O+A]<-ZG0,/D7J'A2R%AP[E-O2CNY#CZTG;/474Z%
M-N8:D"\H7XC.S5-E]V6Q_+<F7B:"JTUI#IB;J!J6J$42GT`X,)0_[XNI(WAQ
MP!@`?$!SJ7#UL+;*K?#MR=L_I:/U:+Q;\5,W.;\:YK1]8+8B!O)W?GC_`#3(
MJ-YNUSI,(F$3"*PG;5J:`W#>;#7[(%M6CZ_K6_WPD;1DV2MIG'E,@EIEK`0Z
M3]A)(+/9E1'R$B@B8QE#E`/',#,;J2T@CDCW-YTC6U=YHWC2IH1@-*E'"626
MV>YC=6MWWYBBM)IMV&AD>8F%P8T$.!+J4`II(4E[&[;H5O1J78]?5W=%;N-O
MVFVU=#ZNV_#13*T6U=_#A((6*GF8L()1S%Q\BHW8._,;"0KA\CPL'UBYC6^8
MO,\T=Q)"Z%D6^7QDEK:&E'5)Q(J1CH!P6WS7A.W;EV7W>5VN817\]Z+=MO=-
M:))2YN\'Q4#*M:[=8ZK:;SV]K2%'<_VL[9A5X!!DC4+A[^N+778N*+>JK:V4
M%?79%%4:G:7T7**,Z[)&1;JJ`HY.1F9-!4Q5C%24$N1'F=J\2$E[-UF_VFN;
M5OI-!&(YL<1ABM5<\&YW;NMFQM@G[R<05AFCD#)CHCD+748Z@)JXAM`XAU&F
MG+)VF;??V:DU>LHTZ\.-AJ6]I5)>D7NK62N2$O0H16Q6V!5G6,D9@QF8B'(5
M;R5S)@N54@HF4`W(4_%;1L<TLI>P1[N\'-<"`XT::$5()V:-=%<'!.>27>7V
M=FV"X==&41NAFCDC<Z%F_(S?#J![6XT-*@C=)JN5#=INR))TX,K+:U3AVMIA
MJ8A,I;4H9XNU6V2BHB;>5&B3!9I2)MECAF4RDD[3:*J((/1%`5!4#I'Y?FMN
MT"C9-\M+J;CJM:"1O.%*M!IA7$C'0ON#@K-I7O+I[00-F9$'>\0[LDCFM>8H
M7;^[)(P.`<&D@/[-:X*-=Z4&-U9N/9FMX=X^D8JD72>K4>^DA0&0=M(E^JT1
M7>"U1;MA<*$3`3=!"%Y]@!F38SNNK.VN'@!SV`D#1B%J.(\LBR;/LWRJ"1SH
M;>X?&TNIO$-<0":`"O,`HIS*6E3")A%W]3LTK2[36[A!+BUFZK/1%CB'`"8/
M(DX20;R3%7DABFX(Y;%$>!`>,MRQLFBDA>*L<T@\Q%"LJRNYLOO+2^MG4N(9
M&R-.QS'!P/6%[7Z=9XZ[U&JW.',)XBW5R#L\681*831T_&-95B83%^J81;.R
MCR'@.<:FB=#++"_SV.+3S@T*_0*PO(LPL;._@/U$\3)&^J]H</`5D)R$4(9-
M0I3D.4Q#D.4#$.0P"!BF*("!BF`>!`?`0RVLH@$$$8+S7;+JPTG8=WJ/28J=
M=M,Y$MA,/(J,6<BX28+@(B(]+AD":@<^/!O'QR?V\G?00R^DT'P+RAFUG^'Y
MIF%C3"*9[1S!Q`/2*%8HC(/V[1XP;OG:#&1]/[P9HN5DFC_T:@K-/6-R'*BZ
M]*L83I]8&Z##R7@<NEK20X@;PT<BPFRR-9)&V1PC?3>`)H:8BHT&AQ%="YCB
MPS[P9(SN<EW1IA%FWES.))ZN,JA'&;FCT)(5%C"^18F:)"B57J*D*1.D`Z0X
M^0Q@W:,`IHPT5TT7VZZN7]Z7W#R9``ZKB=X-INAV.(%!2NB@IH60.=G;)>(^
MG>;"O#I`&[)H"#FV3RZ(-8URD]CFWEJOS$].P>-TU42<=*2I"F*`&`!#X%O;
M@U$#`?5&O3JUK*?F^;2-W7YG<.;0"AD>11I!:/.T-(!`U$`A8:X<.';A=TZ7
M6<NG*RKARY<*G6<.'"QS*++KK*&,HJLJH83&,81,8PB(CSET````4`6`YSGN
M<][B7DU).)).DDZR5\R'.F<JB9C$.0Q3D.0PE.0Y1`2F*8!`2F*(<@(>(#E5
M0$@@@XKTU567^(*O6Y[V>^X&'E_9Q_[RCV[WV="?'_;?]4O_`$![,Y[*W<DD
M9L<1U%>M[*?WJSM+G^9$UWM-!^5=]GPLE>:*_1`5^]72!*3RBPELL<05/IZ/
M+"-F'C("=`@`DZ`1XXX#C.@0NWX8G[6@]87DO,H/=<QO[:E.[G>WV7$?(L2R
MZL),(F$4E:9DAB-O:NDP,!2L]@T]941,0@"W"P1X.2&.<#%3*HW$Q1,(?5`>
M<Q[MN]:W+=K'>(K;9#+W&>9/-7!MU$3S;[:^!>D#($O5:81,(F$3")A$PB81
M,(F$3")A$PB81,(O_]#W\81,(F$3")A$PB81,(F$3")A$PB81:,^^9PHMW#V
M-,_3TM(2K-TN`$!%,T*V=#UCR/)O-<F_H\.,F.3BEC'RD^->=_B(XNXHN@=#
M8XQ^H#\JJ#FT4&3")A$PB]*.L&(1FM=>1H`F4(^C5)B!4A,*10:0$>@`)B8"
MF%,/+\.0`>,@%P[>N)W;7N/A*]891'W.4Y7%AV;>,8<C&A9SEE;%>;/:SX)/
M:.R9(#@H$A?KB^`Y2&3*<'=BD7'64A@`Q`-YG(`(`(9/K8;MM;MV,;X@O*.=
M2=]G&;2UKO7,IZWN*P'+ZUB81,(F$7,CV2LB_8QZ`"*[]XV9(@4AE#"JZ6(@
MF`$(`G.(G.'@'B/T91Q#6EQT`*Y%&99(XF^<YP`Z31>G9HU18M&K)L0$V[-N
MBU;IAQP1%NF5)(@<``<%3(`9SPDN))TE>NV,;&QD;!1C0`.88!';I%BT=/7)
MA(W9MUG2YP*8XE1;IF55,!"@)C"4A!'@`Y'`!<0!I*/>V-CY'GLM!)YABO$%
M9YYW:K+8;._Y]=8YR6GGO)_,'U<P_<2#GE02D%0?.<&\>`Y]O`9VF)@BCCB;
MYK6@#H%%^>=Y<OO;NZO)?M)9'//.YQ<?"5T>?:QDPB81,(K`]M^U*WJ2Z669
MM1+5[ILNL=A:^.\I8L`LD0O=X!>$0FHPTB^CFQ7,49<5B"*I1`Y"\9@9C:R7
M<,;(MW?;*Q_:K0[IK0T!TJ3\*9S:9)F%W<7HF[B:SG@K%3O&F5A8'MWBT5;6
MHQTJ?8?NVJ>M&U$9T-+:FR!K.YZKMQ]*;IF8H[EDC6XF6@W=9J+&*<3A(E6R
M,)A3U<@=P;Q00#TQO+`XX#\IEN3.9S%'O0NC`C!QJ0:N)I6A&`IK..*DT'&]
MEE+,MCRUM[=]S?QW)==O;4"-KF&.(-+]TR-<=YY=J;V#2JZ^I[S[;-8-BUBK
M4C8FPZ/<MHTV\[,C-FL:FU,VKU':6I.`JM>C8^:L,=97#*2MAW:[R0.R2D"M
M"-E6I$UE#%^I;+,;D][+-''.R)S6%A=I=NU<20"*AM*"M*U!J%:LN(N$\G8+
M.SR^ZNLNN+R*:X;<",49")-R-C6O>V0ATA<7/+0_=#',`<2))3[PM11#;61&
M(;4L;W6]@W<Y(ZDJ3K"D,9*'V]J"5HR'NZ`I$\2'K"M?L)VI_1I)N$UFYW"_
MJ"*>6US'.47;S<[W=-;(V/0Y[B#'('8EPJZHKCAC04UK;#CK(X&Y0(_?99+2
M6[-716\0<VYM70C=9$_=CW'[IW0'`M+G;P-&*O-%VUJ)[J^A4#;\;L3S]1W^
MR7:F.J`G7EV]BC[>%97G:G9!G9.-/!":0JJ)T)1N204236.3TIN`$<^>UNQ<
MSSVCHZ2QAKMZN!;O4<*`UP=BTTYU%LNSO(Y,GRW+,]BNMZQN9)8C#N$/;+W9
M?')ON;N=J,$2-#R`2-PJ)-Z7Z-VGN/9FR(=F^CHJ[W2>LL>QD@0"0:-)9^J[
M10>`U6<-@<)D4`#=!SEY]@CF78P.M;.VMWD%S&`$C1@%I.(\SBSG/LWS6"-S
M8;BX?(T.IO`.<2`:$BO,2HIS*6E3")A$PB]9GX=]I5MG9YIMTX$XN8B,G*LK
MU")@!*L6B;AHX"'$I>2>Z6C?PX^J/U>1XY'E?$$0BS>\`T$AW6T$^&J]K_"Z
M\=>\"Y"]_GL8^/HCD>QOZH;XE=7-,N@+0YWHPY8GN+O1DR"1&52KLPF'1T@)
MG5<BTW1RC[%`4?-U3"(?2(A[0$<F>4OWK"':*CPE><./H!!Q3F)`[+PQW6QM
M?""JL9LE#4PB81,(F$7HE[=WWO'16I7'4!O+H-:8\@42?^ZXU",Z>!]HE])Q
MS_O<<_3D%OANWET/IGPFJ]1\+R=[PYDCJZ+:,>RT-^13+F(M\O._W&L0C][[
M90`$R^9>9Y]PF)A+S)O#R0B/4!1\PPN^3_1U"/'(>.3JP=O65L?H`=6"\O<5
M1]UQ'G3<,;AY]H[WRXJ%<RU'TPB81=W67"C2R5]TETBJVFXIPF!P$2^8B_;J
M$Z@`0$2]1?'Q#PSXD%8WCD*R+1Q9=VKQI$C3U$+TWYSU>N4PB81,(F$3")A$
MPB81,(F$3")A$PB81?_1]_&$3")A$PB81,(F$3")A$PB81,(F$7G6[[[Q9XK
MNJVC&L=2;%M3)F6D$;3D)*:H0B79%M=U)TH5DA9]H5Z;2*V<.#IJ`LS1`5B'
M$G602J&EV5R.;8P`0.([6(W?2.UP/@7GWCBU@EXHS-\F:01N^K[+A,2/JF>A
M$YN.G!QTXT-0JB?,>X_<%MK]<Z)_C5FP[V3[L_K9^^HG[A:_]U;>S<?T$^8]
MQ^X+;7ZYT3_&K'>R?=G];/WT]PM?^ZMO9N/Z"?,>X_<%MK]<Z)_C5CO9/NS^
MMG[Z>X6O_=6WLW']!/F/<?N"VU^N=$_QJQWLGW9_6S]]/<+7_NK;V;C^@O13
M3-Y[03I]43)V9]R:Y"5N"(5=*T]GX)+%+%M2E53!?NM16!-0`Y`#D(;@?$`'
MPR"2_:R8?./C7J2P`%C9`.!`B9B*T/9&.(!ZP"LD^>VTO_\`%W<O^U79U_JQ
MSX67TKSKW395S4N-L4/V^[>0.I99TYD%9K0@JHF-*.C&25%#=RR`J)B/!A(<
MY.0\#"'CDZAE?W47]L_S1K9L]9>6[^QMC?7I.<6P/?/PW;C#M'9`1U%8U\Q[
MC]P6VOUSHG^-67.]D^[/ZV?OK$]PM?\`NK;V;C^@GS'N/W!;:_7.B?XU8[V3
M[L_K9^^GN%K_`-U;>S<?T$^8]Q^X+;7ZYT3_`!JQWLGW9_6S]]/<+7_NK;V;
MC^@GS'N/W!;:_7.B?XU8[V3[L_K9^^GN%K_W5M[-Q_06=:NO5IDMF:[CG>D]
MH1#5_>JBR<RSV7TF=E&-W4_'H+2+LC+<+QZ=JR34%10$4551(4>@AC<%&U-+
M)W,O]L_S3K9L]99N6V%J<QL!^,VQ^N9H;/7SAHK"!UD#:0O55D&7J%8#M4YD
M]7[(4(DHN<E!N!RH)"D"JQBUZ1,5),5U$4044$.`$YR%Y'Q$`\<OVO\`N;?'
M^(WQA:W.21D^;$-)(MI<!K[#L,:#K(7B<SLR_/I,(F$3"*X7;7VUP>^M=;]G
ME[#*1-TUS$UI77<,T!F,=;K#,0^PYY2O2`+M57/JY!I1!09>4JCRX6`#=7)2
MYJ,QS%]C<6$8C!AD)WSK:`6"HYMZIY%.^$^$[?B7*N)KEUT]F86C(^X8*;LK
MW-G?N.J":N$-&4([1QK@%^0W;5#N.T*T=Q$O.2[>W(V>.:4VJ-`9'CI2I*VB
M*ISRP2("V5?@=>QJR#1L4BB8&48''@P<\'YB\9M%E[&`Q;IWG:P[=+J#5HH3
MSJEOPE`_@:\XIGN'B^$S1%&*;KHS(V(O=A7%Y>UM",6'2H^MO;'MVG0YI60A
MXF278RU?@+-7*U8X2R6ZCV"U]05J#NM8AWCN7KTI-*E%%))5+ZKH/3*"1Q^:
MS(BS*TF?NM>0""02"&N#=):XX$#Q8Z,5K+WA#/+"`S2P,>YKV,D9'(R26%\G
MV;)8VDN8YYP`(\[L&C^RI#J_9?LF3OM#JE@EJ1%P]DV-#:VM<]$WVE3@T"RO
ME^IY5K`V1GDB-KO[O0<"PBS*`I)O$1:-S'<`9,N/+G%LV">6-KR]L9>T%KAO
M`?.&'FUI5VH8G!;2SX!S:;,LMLKF>W9!+=-@D>V:)_<R$XQO`>*3;H=N1UK(
MX;C275"^+KM.M+Q1*KTYN:UW-YO&\:HBI6-M='=4>82J=&A;KZ9H[92SARC8
MT6,@HH[,=4628B5L!O4IK$"HS6(`RS'<A$#7D%KMX;SBW6-%1AKUZ*+Y?P5>
M2%MG8-[Z_=F,ULUS9(3"[NX62T!#B1(`XEU3N#!E=\."P]?M5V^$K1HJ+956
MREV"I94(29JUZJ4]66CNE-"2%T9V"RL)=6%@%:I'*`Y>&=+)I`W_`#B9U"^.
M7AFEINSN<YS>[I4.:X'M8-H"*G>.`IK6"[@S/>^RZ&&.&871D#'QS1/C!B&]
M*'R-=N,,;>T[>(&[B"0NP4[1=Q&4KBL<G2)V!M0W%:'N<#L2FRE+&*U]%MIF
MZ3\A9$)<8^'A:XQ<\N579D#%4(9,"BH`%'Y_%K/ZP.+VR-W:M+'!U7FC0!2I
M).BE=NA7#P/GI-JZ(6\EM-WI;*R>)T6["T.E>Z0.W6L8#VBZF((I7!1+LC6-
MEU=*QD;858"00G89M8J_.U6Q1%JKD]"NEW+1-]&S$*Z=-C=#MDJDHBKY3A$Z
M8@=,H"4395O<QW37.C#@6FA#@6D'80?_`$6ES;)[O)YH8;IT3FR1A['QO;(Q
M["2*M<PD:000:.!&(&"CS,A:I,(F$7IW_"A655[3&1%&YT2M]A71%%0Q@$':
M1C1K@7"8``"4A5ESI<#S]9(1^G.:\4@#-78Z8V_*O7WP6<3P3&"V@%U*!R^:
M:]9(Z%LJR.+K*T'_`(CEHG:]W%BVB=8WNZ(.Z)6'RLK6Y'6#6/0<&7EVAF!D
MK;L:K2WJ$D6A%##Z44A!4.DYO$`E63R/;9T$+G#>.(W>3:X%<*^(5G;R<0F1
M^90Q.,#.RX2D_.'S(GBAIMKR:%0OYCW'[@MM?KG1/\:LVG>R?=G];/WU!O<+
M7_NK;V;C^@GS'N/W!;:_7.B?XU8[V3[L_K9^^GN%K_W5M[-Q_03YCW'[@MM?
MKG1/\:L=[)]V?UL_?3W"U_[JV]FX_H)\Q[C]P6VOUSHG^-6.]D^[/ZV?OI[A
M:_\`=6WLW']!/F/<?N"VU^N=$_QJQWLGW9_6S]]/<+7_`+JV]FX_H+>_VW;N
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MCO9/NS^MG[Z>X6O_`'5M[-Q_07]$V3<TSE43T)MPAR&*<AR36BBG(<H@)3%,
M&Z@$IBB'("'B`X[U_P!U?UL_?06-L"",ZMJ^K<?T%ZXL@*]7)A$PB81,(F$3
M")A$PB81,(F$3")A$PB__]+W\81,(F$3")A$PB81,(F$3")A$PB81:)^]Q!)
M+N.NBB9>D[EA4EUQZC#UJEJL0V`W!A$"\(MR%X#@/#GVB(C,LH-;"'G=^T5Y
MS^(+0WBJ_(&);&3_`);1X@%4W-FH4F$3")A%Z7:`NDYHE*<H&ZT7%2K:Z)^D
MQ>M)6&9J)FZ3@4Y>HA@'@0`0^G.?S`B:8'3O'QKUGEC@_+<O>T]DP1D=+0LM
MRTLY>:;8;<[2_P!Y:*"4RC6X69NH8@B)!.C-/4SB03%*82B8OAR`#Q]&=`@-
M8(3]`>)>3<T:69GF+#I$\@ZGE8=EU8"81,(F$7=UI\G%V.OR:P`*4=-Q3Y4#
M&Z"BFT?H.#@)P*?H#I3'QX'C^@<^)&[T;VC201X%D6D@ANK:9WFMD:>H@KTW
MYSU>N5T-IA_B&L6.``PD&<@9>'`X'!,2>\H]PRZ@.9-4I!+YW/(E,`?T#[,^
MXG]W+')Z+@>HK&O(/>K.ZMJ_:1N;[32.7:O#^JDJ@JH@NFHBLBH=)9%4ADU4
ME4S"11-1,X`<BA#@("`@`@(<#G:@014:%^>1!:2UP(<#B%_&%1,(F$5E]']P
M!M+4R[L(IG(GM\OL;1E]K3]N=NG&-1U/+7&2D6,L<ZH.NB8)8DDB`FDJ0Q`4
M!3@!`#:V]L/?)H7.([D1RM(U]L-`(YJ>)2[AWB;_`//V&8Q0L>;Z2ZM)HW"F
MZ/=G2N<'8U[6^`*`BE:\LQ7_`+NJA,H[3B:+39BM5B28:/B-05]Z,<Y:U:.U
M;<GU\FB6`$G8D4//V69?.2`W*J'*_0<0`O5F)!E,S#:OGF#I09#(17M%[0T4
MYF@#'8M[F?'%C.W.8,NL)(;-[;1MJP[I$;;>4S/W\?GR.>[LUTT.A91>.]>N
M.)62NM#0NY+):ME4C8T[39JK:DKE.B5:C>8S9*L*M;*O!N+SL=NZM4.@+9=_
M[K4;I`)EP=JB)C6H,FD#6PSEG=MC<P.#I"X[S2RNZX[K.R34#>KJH%F9C\0;
M5TTN89:VX%W-=PSOB=';,B;W4S9RPR1L,TX,C1NE_=EHQ=OG$\.R]X5*:V2N
M6"E)[#D6GSQH6W[+5YRK:AHL0VCZ'9E+.PJJ#^APR\W=9(CMRH1&8D5V0(IB
M;ED<ZIU`^H\HF,<D<W=@]PZ,.#I'&KA0NHXT:/H@'GP7Q=\=9>R[M;G+Q=/9
M^(PW,D;X[:%H;#)WC8PZ%A?*ZI($KRR@K]62XE<.I=UNKJ1-0QXBOWY]!P_<
M-MC<B8R2->2E58?9&IHND(Q1R-946?O*.L#=90P@8$A9]`@85!,0*RY7<SL?
MOR1AYMV1X5I5CRZNC013IY%;L>-,GRZX@,%K<NMX\TN;KM!@=NSVS8@W!U-Y
MKP3LW:8UJ%P>VK=$66%UKI`(4'BDC+[^A[=[TLT+2V$S4MRZZ@:J>+KEJEE3
ML8BW(&@%#M!>D2:KN3(H>:451,3ZS&S=OW-[OT`$1;0%Q#HWEU2T8EN.-,0*
MFF"M\)9_"+?*>'O=]XO?>MEWI&1!T=U`R/=CD<:-E&X2W?`:7;K:C>J)?L]M
MU]VVU/M_K!"[3ITE!6S>\_)-8RY4];;\*RN-:JU>K]QDHR#<+5>-2>/F*B1(
M)ZLHB_9,53*GX6\,2**XS&6_E^J>US(@*M=W9+2XEH)[1P/G#02*:%O+R]RO
MA.RX9LP+R"6.:\>X-EB-TP2QQL9*YK"8V@D$"%Y(>QA)/:5+NXO:%#VA-U5_
M3(%T@]AJZM&6R[R=5J%#F]C3*LS(OT9Z:IM"5<U2)?,HYTDT%5%9=P[!+S%U
M#&XXW&7VT]LR5LT@W2ZK6ASG!@H!0.=VB"<=0&I0#BG.,MSBXLI+"V(DCB+9
M)71Q0OG?ON<'OBA)C:0TAM02YU*N)*KMFP463")A%ZGOPPH)6'[.M?NEBJD-
M8IJ\SI4U>0$J7Q;*PZ)BD%),Q$ET8<JA>1/U%.!@-P8`#F'$KP_-[@#YK6C]
M4'Y5[*^$%NZ#@3+'N!K+),_H[US1UAM=>FNM;`\T*Z:M&??,^2=]P]C;I\=<
M7!U9BO\`6Y_.J0K:3#D.`Z1\F1)X>/\`3]/`3')VTL8SM)/AI\B\[_$20/XH
MNFC2R.,'V`[Q."J#FT4&3")A$PB81>A?MG;J-M!ZI34Z>HU/CG`=(B(>6[\Q
MTER(@'UO*6#G^@<@V8&M[<^N5Z?X2:6<-9*#I[AIZ\?E4YYAJ1+SU=S:Z3C?
MVUE$3=9"VU\@(])B\*MB(MER\&`H_462,7GV#QR'(<#DXRX$65M7T5YAXN<'
M<2YR6G#OR.J@/A"@K,U1Q,(F$7/BD$W4G'-E@$R+A^S05*`B43)K.$TS@!BB
M!BB)3#XAXAGRXT:XC31786A\T3'>:7`'I*]/><\7KQ,(F$3")A$PB81,(F$3
M")A$PB81,(F$7__3]_&$3")A$PB81,(F$3")A$PB81,(F$6DWOZ8F:;Y!P8#
M`$I2:Z^)U$Z0$J;B6C!$AN?SA>N.$.?Z>0^C)=DKJV5-CR/$?E7G[XE1EG$F
M\?GV[#X7-_PJD^;=<_3")A$PB]%^A),)?2>J'W4)SFU_56RQQ-U"=RPAFD>Z
M.8>DOUC.&IA$./`?#Q]N02];NWER/IGPFJ]3<-S=_P`/Y+)6I]VC!YVM#3X0
MI;S%6[7G<[BHDT)O7;#(Q1+YEYGY,A1`2]*4V]4FD0*`II<)@E(!T\!QT\<"
M8/K#.K!V_9VQ^@!U8?(O+O%,'N_$>=1TTW#W>V=\;-3O_72H8S+6@3")A$PB
M81>D[5UC);];T.SE4\TTY4:_(KF$.#%=N(QL9ZD<.1`%$'G60W`B'44>!$/'
M(!<Q]U<31['$>%>K\GNA?93EMX#4R0,<><M%1T&H6>996R7CF[M->K:M[DMR
MTPZ!F[5G>IF4ATS%Z>*_9EOB:O``@`%/TPLN@43```)@'P#V!UW*K@7676<U
M<2P`\XP/A!7A'C;*W9/Q9GU@6T8VY>YOJ2'O&?J."KOFP463")A$PB817B-V
MR:VM4)?8O5.P)RVW?6(ZU;S%F7:PORCNDSL2R5^H^X:=,L'"TFR=1LY/"5JJ
MX]1[U2:+G(FCT@`Z7\2N8GP.NK=K()=^@Q[QH8"ZK@<,0,:4W:C$KHAX1RF\
MM\RAR7,Y)\QL^X#I"&>[2NGD9%N1.:2X%KW]DNWN\#7$!M%V#WM,IEOEK#3M
M,W*SR]OUON.D::V`O<HJ*85^5<W>PR5-0O%/]SNG;]I7XNU0ZJ2S1YYJYFBZ
M*Y50,)T0^6YK-$R.:\A:(9(72-W221N@.W75P)+3I&%0136KLG!-A?3W5AD%
M_-)?6E_#:S&5K6L<97NB$T6Z20QLC2"UU7;I:[>K5J^L-VG4+:TC&):2N-U>
MQD3MEQJW8"]MKT:XDT6;:L6>XEO]3BJV[5.^C7T%1Y;RHM<X.2N4D$_/,"QC
MI'YI/:M<;V%@<8M]FZ33SFMW7$Z""YO:&%*X88UM^"LMSJ6%O#U_<.A9>FWF
M,C&EP`CDE[Z-L9-6ED,M(R=[>#1O'>)$.]PVF8+4Y*4YB([:U<6M#>:.ZK.V
M:PTBI5NE$.&2#:7BY^#%2MS#63%T<KADF;UD0X0%)QU^8F<<O+[Q]UWP>Z)P
M:1BQU1C7`@XBFHZ'`U"T7%&06V2C+WP17L3I@^L=S&&N&Z0`YKV?5N#JD%@[
M43A1U:@JM6;%1),(F$3"(`"80*4!$PB```!R(B/@```>(B(X55[/^WO7Y]6:
M.U/KU=+R7]5H=;C9<G``'O[W:@XL!P`O@4JLTNX,`<B(`/`B(^(\>S"X]ZO;
MJX![+I"1S5P\%%[YX7RPY-P[DN5N%)(;:-KO7W07_KERF+,-;U>=WN)L:=LW
MCL^:1.*J![;)1S97Z%FD$8D$T5)]/EJMXTIB<\#TB'/`Y.K&/NK.W8=.Z#UX
M_*O+O%-V+WB'-[AIJTSN:#M#.P#U-4+YEK0)A$PB81,(O2!IDL<33^JBP[]E
M*Q7RXI`QLK&ND'T?*,35F,,UDF+YKPV>M'Z(E5363^HJ4X&#P'(!<O[RXG>-
M!>X]9*]89/`;7*<KMG"CH[>-IYVL`-=&->0*2LLK8KS>[CDPF=M[/E2F$Z;_
M`&!<'*`B;KX;*6"0%L0#=)>HJ;?I*`\!X!D]M6[EK;MV,;X@O*F>S>\9WF\P
M.#KF4CFWW4\"C?,A:E,(F$6;:T8FE-C4",(!A/(W:JL2@0GF'$SN=8-R@5/D
M.LPBIX!](^&6;AV[!.[8PGP%;#*8S-FN61#2ZXC'6\!>E3(`O6*81,(F$3")
MA$PB81,(F$3")A$PB81,(O_4]_&$3")A$PB81,(F$3")A$PB81,(F$6I#\1N
M'%"[ZYG_`"^"R=5E(<%>CCK&#EP>BGYG0`F\H+"`\=0]/7SP'/(R?(7UAG9L
M<#UC\RXE\5(-W,,JN:>?"YM?4=7_`!^%:Y,WRY6F$3")A%O9[)IT)KMXJ*`F
M`RU??V*"<#R'M2FWDBV*(!^2)&$FB7Q\1XY^G(;F[-R^E.IP!\%/&%Z,^']S
M[QPO8MKVHG/8?;+A^JX*V.:Q35:/>^RN#";_`)21!,")VRN5V?()?R#'0:GK
MBP\``%*<58`3&`/$1-U#XFR89-)OV36U\UQ'R_*O/7Q&M?=^)II:4$T3']0W
M#^Q\NM4WS:J!J\6M(RGV&ITJ(J,#JFQSR44Y3OVM-@,T*YL>]RKQ[(JMW.O]
M@R3)P")744H@5B@P7;';G1$ZI%O,XS3W#I62S.E?*UE>R]N+6C#SFCEK4FM=
M5%T/*8;&ZLLO@L;:REN0P]]!,`R>9Q+J&&9P-*MIN!A;ND5<'56(4GMF/9X"
MLOI-W:(>3O9IPT`HVKR4E6*NA%2+V(9_'LRH]8.6:DK)QZJ8^E;*>D1`JRH<
M&\LMV7,.[?(&M:6LI7&A-14[HY`=9QT!8.7\)&[MK229\S)KG?W*,#HXPUQ:
M.^=4$;SFD=EIW11QTT'%::)HQY/7=+?7BQ-;_LZIPT["H)5B/7JT-+32;LD=
M$34H$^60<)OY!F9#SVK8Y6Y3$4-Y@&,1.IO)MV>40M,$;B#B:D#20*4P&TXK
MX9PYEQFRNPDS&49G>0->P=VTQM<^NZU[M_>.\X4JUIW<":X@5;614;K*MUBB
M19!51%4@B`B11(PD.41*(E$2F*(>`\9L0:@$:%#W-+7.:X4<#0K=7V&7@EET
MM\,K+`:0H4X_BC)B;J5]TRZJDW&.#^(B"9EW;I`G/L*VX#P#(EG4/=W?>`=E
M[0>D8'Y.M=^^&^8B[R#W1SOK;:0MY=UW;:>LN`]57:S4+H*T&_C!:54C['0=
M]Q34`8S[4NOK<HF4P`G-QB;N4K#U8>3=:DE#@[;B/!0(6/3#Q$V3OA*\WHY[
M%Q[33OMYC@X=!H>E>:OCIP^8KK+.)86?5RCN9?7;5T9/K-WF\FX-JTH9,EY]
M3")A$PB!QR'4(@7D.1`.1`/I$`$2@(@'T<AA55\MA=P>EU("IQ>G!VY2HW6L
MK6+/1M?.X&BM:5(W2ONH]9>W[`E8R?<V2V6*0%!8_JG/G&;@H"#<J"')<T=O
M87G>2NO.Z>Z0.:YU7;P::]E@(HT#8-.DU*Z1FG$^0&VLH<A]^MXK1\<D,)9"
M(G2L+299G->9)'NH3O.KNUW6!K<%S7'==KNBS5FNVF*U="6O9NZ*)N.]1MY-
M!I0%=2I-ED[M\`U-]#/'\A/1DQ9Y<_F2;Q!@NDR;I)E;BH8ZN?(RNXG9%#>2
M,[J*%T;2VM3O`-WG`T`(:/-!(J2:ZE<=QIE>77%WF&06EQ[[>9A#=3-FW-Q@
MBD=+W,9:2Y[72.QD<&$,:`&5)<N75NZS56G9:/'3U?V0O"V';#_9&PSVA>`@
MYUA#OJ=<**WI=*=PLA-I+GAXG8,HX2EG/I5571&_+=,I3\TERNZNVN][DCWV
MQ!C-VI!(<UV\ZH&DL:-T5PKB5]V?&F2Y%/%^!6MV;>6]=//WA8Q[6F*6$11%
MCG@[K9Y'"1VZ2X-[(%5!.UMG:[>:LI&F=6EODI6JQ<[AL!]:-E-82-GUYBV,
M(*)+!PL+`3%@80\!',H(JJH^M5.^>KG6%-#\@<ZUMK@74UY==V)',:T-94BC
M234D@$DD[,`*8J.9UG&5R9-EV09,+E]I#<2S&2<,:\ND#&[C&,<\-8T,J>V2
M]Y+J-T*M>;%1),(F$3"*XO8=I93=_<O0H1RT]56:F[#8%Q$Y>I`(.K.&SE!F
MN7J()TIJ>59,3@`]0$<F,'@4<U&>7GN66SO!I(\;C>=WD%3T*>?#?A\\0\6Y
M;;O96T@=WTNS<C((!Y'O+6<SB=2];F<I7MM8)M"YH:\UY<KJX,F'P[7Y&0;$
M5$`(O)%0,E%-!ZO#E[)JHHA_2)PR];Q&>>*$?.<!T:_`M;G%^W*\KO\`,'$?
M51.<.5U.R.EU!TKS:*JJ+JJ+K*'5664.JJJH83'444,)U%#F'D3'.81$1'VC
MD^`I@-"\HN<7$N<:N)J59OMII*,J^M]_E*`^V7#4*+CTDJ:QA'L^I.SUHD4X
MEHD,8S;N#.$(J)]<^4,)3%2,@F/@82CFOS"8M$4#9Q&YY/:J!0`5T\IH.E2_
MA++VS27V9S98Z[@MF-^J#"_??([='9`-0UN^\[*#D7,GM"5RK6;>*=PG9Z!K
MVJY&NN(Q")@T9:6GX6Y2*Y*\DB21E(Q%HX,Q4;^8HJH8$A%3J`QR>6:C+V22
M.S,3&N?(#6IH`6C'0#KJONYX;M;.[XA%]<R1VMF]A:&L#G/9*X[E-YS0#3=J
M2<,:U(H?Z^0U$;0<Q?I*^6)'7;>J4VY0SAK5&+FTR#6S6.9J[RO.8M2P-XUK
M-Q<O"J)><#HS4Y#`KSQ]3'ODQ>V%L+>_WG-.)H*`&M:5H0=E=2?_`)O+66\^
M92YE*,K$,4K2(P9'"1[HRPMWPT/:YA%=[=([7(JK*^4"JGD"H*/F'\D52E*J
M*74/EBH4ACD*H)..0`1`!]@YL1RZ5#74J=VN[7"JR.DU]2V7*IU=(!,I8[)!
MP10#J#QE9-LQY$2\&*4H+\B/T`'.?$S^ZBED/S6D]067E]L;V_LK-NF65C/:
M<!\JWN:R,36FP+/H]<WE0$DA+[5TT3R!200J,A,-D]AT)H*910!/6MWG4'#5
M,`;HMH*R1C%LD8D>N<.?+UJ````*`*<IV51@829G'/'IX:*D)5QR(%#R8YHL
M\5Y,/@4/+1'Q^C/IC2][&#22!UJS<S-MK>>X?YD;'./,T$GQ+S(NG*SQRX=N
M#BHX=+JN5U!X`3K+J&55.(!X<F.81SH0```&@+R,][I'N>XU<XDGG*^&57RF
M$3"*>.V&'&=W_JID"8J^1:VLQT@7JX"NH.+`*G'0?@$@C.OGCPZ>>0XY#"S%
M^Y97)^C3KP^523A"#WGB;)HZ5I,'>P"_P;J]"60=>G4PBQ"[7VIZ[B$)NWRO
MNQF\DV,)&(-V,E,S$Y.29SDCH*NUZ#9R4_8YQ[Y9S),F#9PY.1,YP()2'$"+
MA5;9U$N29!@K$V,[-,OZX>%EV[ZM6=K88N,0FY"!D*I96L39HV9:03I%^=JX
M:)+@P62<]/D*$4,19=)RD9"L'4K,2+&)BV*0KO9*3=MV#!FB`@45G3QTHDW;
MI`)@#J.8`Y'"+G81<&-E(R9:$D(B18RK!15R@F]C7;=\T.LR=+,7B)'+515$
MRK1ZV415*!N4U4S$-P8H@!%SL(F$3")A%QGKUG&LW<C(NVS"/8-EWK]^]72:
MLV3-JD==T[=NESIH-FS9!,QU%#F*0A"B(B`!A%P&$_#RCY['1[Y)XZCVD6_=
M%0*J=$K.:3<JQ;A%WY?I'23Q)HH8HI'/P!>1XY+R1=QA$PB__]7W\81,(F$3
M")A$PB81,(F$3")A$PB81:\/Q%H#U>NZ)92D`QX2X.8DQ@*(F3;V&(<.5#"(
M>!4A7KZ11Y]IA+F]R)])YH]K*]1_.N7_`!2MM_*\MNP,8YRWH>TGQL'@6H3)
M0N')A$PB81;7?PX[.56`V33%%`*=A+P]G:)";Q5++LE8J04(7Z`0&$:@<?\`
M^0N1K/HZ/MY=H(ZL1XRNT?"N\#K;-K`G%KVR`>L-UW5N-KSA;+<CZZRM9?XC
M50,K%:ZOB"8\,7\I4Y)4`YY"10)+0Y1^DI4S1KWQ]@BH'L^F0Y#+1T\)U@.'
M1@?&%R3XJ6)=#E69-'FN=&[](;S?V7]:U4Y)%QE3C#[YL44WJYUJM0YRQ4AD
MPCZ?=)R#?.K-`-8A4RT(1$S>8:0DD:#$0!F9\Q=F0`A.D?J@.8;K*-QDI(\1
MO)+F@X&NG545UT(JI%!Q)=0MLRZSMI+JW:&Q2O83(P--64HX,=N?-WV.I04T
M+KXS=5B90C*(DH"F6IU#'FE*W8;9!'FIRN'GWBTE)^@%1\E$R!%)1RJZ3))-
M'Q$7"QSI@439].M&%Y>U[V@TJ&F@-,!JJ,,,",%:AS^ZCMXX);:WF?'O]V^1
MF^]F^2YU,=UW:)<`]KP'$D44CS/</[K1UNI3X*L/IZFZOK]89VZ>@G:EDJL^
MV0D$)12!73DF\<\(B+H%&ZCUL\*BJ<QD@((CSCML=XS]Z]P8^0G=!P(PI7"O
M/0CE6UGXH[EN5&QMH77,%FR,2O8>\C>`X.W#O!II6K2]KJ$DBBJP(B(B(B(B
M(\B(^(B(^T1'Z1'-DH<K@]DNSB4#<;.%D''E0>PVZ=6==9N$DIDZY5JVZ,'4
M7E07XF:%$>0*5X8>/#D-5F]OW]H7M';CQZ-?@QZ%.?A]FXRS/8[>5U+>Z'=G
M9O5K&>OL_I%;R,AZ]#J(=\Z>K^^M37/5ECZ4FMGBS),)'RP46A)UF<CV!FVX
M<E,*D9*H)*&(!B^<D!TC#T',`Y=C=R6-U#=1Z6G$;1H(Z1Y5H^),BMN)<DO\
MFNL&3,[+M;'C%CQZK@#36*C02O'3?:/9-:7.S4&X1ZD79:G,/(679G`_25RS
M4$@+ME#D)ZE@\2Z5FZQ0Z%T%"*%Y*8!SKL$\=S#'/"ZL;Q4?EMU$:BO"699=
M=Y3?W>67T19=P2%CARC6-H(Q:=!!!&!6)9=6"F$3")A$PB81,(F$3")A$PB8
M1>HC\-GMF5T3ID+=:(\S38^V4X^?F$'*1DWD#6$DE%*M75$U2E5:N_3O#O'A
M!`ARKN014`1;E'.9\1YD+Z\[F)U;>*H'*[YQ^0<@J-*]A_"?A$\.9![]>1;N
M:WH:]P(Q9'3ZMF.(-"7.&!J[=/FA;&<CRZHM;7XA6SRQ]>K>IXYP)7D^NE:+
M&1,W`EA8Y95&&:+@!N#)/Y=,Z_`AR!F)1YX'QW^1V^\^2Y<,&X#G.GJ&'2N4
M?$_-Q%:VF2Q.[<I[Q_J-)#0>=U3^@%J:R3+BJS5*_6%M2D*&Q61CX5*R.+4N
MLQ!PWDI"66CDHI(7[PKGA9JQ9IF*@F4A`(*IS#R)N<L]PPS&8BK]W=Y`*U6P
M&973,O;EL;@VW$ID)%0YSBW=%37$`:!04J=JFZO=P:I*)<8BU1L'/S*]4US2
MH-G*Q#QZPL-?J5@DGZC>SN$I%NY]4P8OBE;N4%&S@OE)])P,0!S$?8COHG1N
M+6[SG&AQ!<`,,->L&H4@M>)R,MOH+V*.6<PP1,#FDM>R-[C20AP-0#V7`M=@
M*&H4>V7=MLL\9/02[&NQ<!-PU3KJ$)#1KAI'U^#IDF\F(>.@@6?NG*:9I*07
M574<J.EECJF$3\\<7X[2.-S'ASB\%QJ3B2X4).&P84HM9=\07MW#<VSHXF6T
MD<;`QK2&L9$XN:UE23YSB27%Q))Q4/9E+1*VG9/4#6K?U;='3%1E4&$M;'OA
MX`+1M[MC3=0^`&),RC8X!XB($'_:(:S-Y>ZLI!K>0WY3X`5-OA_8F\XEM'D5
MC@:Z0]`W6_K.:>A;=MTU2<GJS'V.EHF7V+K.;0V!0FI5FK<)R5BV3]A,TARY
M?`9BT8[&J,G(P"KE8IRQXR)7J9?/:HF+#5Z,"B[?^U8*3[4;)L"M.UEHF_TZ
M+:0/JFSB.?JMKN=G'+LWT<\31>1LFRC7[@';1P1-=LJBHDH4JA#%#/RR/O;Z
MW&H&O5CXU%>-;OW+AG-7U[3V=V.7O"&']4D\P6B;)LO,Z81,(F$5V.P>`][[
MW"4,3DE6J$_+E4$O(%7>F95XA`-P/2H=":5$/8(E*;-1G3]VRW?2<!\OR+H'
MPUMN_P"(^^IA#`]W2:,\3SX5NRR(KT"F$59NY]A`O*]KEQ..]E50T5M.,D(;
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ME5U5!QD72:>+.'>'30CTK_\`#+FX"8J":QBV,J2IE`03$*JAV*AM,U/?D]1Z
MQDY27[C)"WN/PW'%TM+J<V=NEY/2W<HSK-.7B;+83.[&+WYM1<A,28,T0\EP
MW'I(F@4&+(K2BK7QK-)"6W+-7JZ!9[A(UG8J6P-**Z@9`;::$R_ICJE:ADI(
MU/U[7I2N4FZTQY>'<^G>#N$A*T.5RG)+(L&,2=`F"CT66W+QK9W%6&S6%SMV
M5UWW!QF_Z%6WVYY"T.G\CJ39S<\!-5IQ.L:Q1JP3:)XD]'E&#+S9",11;P@*
M,)!ZN!,%)-=C+=:-BZ,K,%9=NO\`2;R>T*#QW`;`V4>`?UYCVL=VTS/,I*UL
M9XR[N!=[&AZXE+)+.S(KODV+=R`G\@F$*R&*)*P]HJ$!N&:V1$:#@]A=X$:B
M_F+1L*(C&UB;[/H:_;]'VJWL9-I,N:@WIC^VHULDL\4A_5IQR+?EXA#D3JJ<
MVE5F^98?RX>_/F3WK>^_C[W#[X]Y;?\`>GR<_P#NL_+OW?[P])ZO^8OY?_\`
M`O=77[[]S?U+TGIOS645>I?_UO?QA$PB81,(F$3")A$PB81,(F$3")A%6_NW
MJXVKM]V(V33$[F'C6]H;F`.H4@K;UO*OE```'P]U-W!1'Z`,(YGY9)W5]`=1
M-.O`>&BBG&UG[YPQFC`*OC8)!_\`&0X_JART"Y-EYI3")A$PBMSV274*COJ"
M9+K`BPND=)5)T)S?F_/=$3DXGZH@("LM+Q:"!!#@P><(<\"(#J\WA[VR>0.T
MPAWR'P%3?X?9A[CQ);1N=2.X8Z(\Y[3>DN:`.=;T<AR]%*">Y:A?,;2=[@$4
M?.DVT2>P0H%`15&5KQ@EFZ"`!R'FR"38[4.?#A<?9[0S<OF[B[A>3V:T/,</
M!IZ%'.+,M_%>'\QMFMK*&;[/69V@!RNH6]*\]>3A>84PB81,(F$4>6S:T#29
M-G#-0E[)?G*1)"$HM,13D;BY2(L":,H=(SIDPK4.1R4"^]95U'QJ:O!!<`H)
M2C9DE8P[E-YY'FC$GY`.4T'*MA9V%S<#WD.$5JUV,KR6L:=-`0"YSM8:P.?K
M#:8KT7=HN[Y3>FF:]8;:PCH/8L4B6'OU>CID9U*/ED!4!D^+)#%0H.0G(PB;
ME3RVQ4$79EVZ2BQ$`6/#;ZU?:SEKF48[$8UPV5PT+T=PQGEOGF6LEBG+[B*C
M)"6[I+@//W:F@?I&.T8$$"S^82D:U5_B0=E:^[8#YQZQBA<;6J,=Y$W",D^7
M-^JS0ICD1;HD*(NK3`EY%H`<*.VPF;_7.1J0)1P[G(LG^YW+_P"U><"?FN_=
M.O8<=JXS\5OA^[B&V_'<HAKG4#*/8-,T8U`:Y&?-UN;5N)#`O-HHFHDH=)4A
MTU4SF3434*)%$U"")3D.0P`8AR&#@0'Q`<Z+IQ&A>3R"TD$4(7\X5$PB81,(
MF$3")A$PB81,(ML_X;O9.ZVG9(W>FSH=1/6%6?E=5&(D43$3O]E8+CY+HR"I
M/ZU4X!VEU+&'A)X\(5#\XF1R0(KQ%G0M8W6-L_\`N7#M$?-!_P`1\`QV+MGP
MH^'S\YNXN(\W@(R>%U8FN'VT@.!H=,;",=3G`-Q`>%Z.LYXO5:Q^UVB%I5;F
MK98G96,+`1[B2D'`\"8J*!>021((E\YTX4$J:28#U**G*4/$0S[BC?-(R*,5
M>XT"Q;V\M\OM+B]NG[MO$TN<>0;-I.@#62`O+ILSN=D;QM2PS.ZH1;6\K:)Y
M1M5I1U)!,ZYE(SSCLZW"P]W*TCFD5+DCTD$0CI9O%O'+HQ@:D=@(JFFEMN6D
M4=L]N[3"OS7';743L-#J%5YPSHW&?WMWG%K-WX>:E@%)(F@8-,=27-:/GL+F
MT&\_=)HLAS.473")A$PB81;<?P[Z%[MIUPV([1Z7%FED:_%&.`]014`0RSU=
M$?R12>RCX4S>T>IG]'TQC/9MZ6*`'!HJ><_F'A7;OA?EO=6%]FCV]J9X8WU6
M8DCD+C3]%;&<T*ZFM-G?W'6RBI1VOJ%=Z^QJM[O-CW$]J,_39*<<5B;DDDV\
ML6'EXZ\ULH5RV6R1EYQ1HNU663F'CQ0'`H&;MVV^R.%Y?-.T@4&[B*Z<3K&P
M=:Y7\3LRMV09;EDK'NWW&0AK@TC=&ZVM6/J#O.V8M6LSW?L[[7T/]W-@_BGD
MBI-_,;[)_>7']_+_`+K-_FM_HI[OV=]KZ'^[FP?Q3Q2;^8WV3^\F_E_W6;_-
M;_13W?L[[7T/]W-@_BGBDW\QOLG]Y-_+_NLW^:W^BGN_9WVOH?[N;!_%/%)O
MYC?9/[R;^7_=9O\`-;_16T/\/6@[I&'V'=(N]ZO8@[DHJKIJR>G[9*@<8UJ>
M6>IMS-=W0H(#_P`5;"<!%7JX+^3Q]:.YY(_?@A<X&@)P%-.&T["NP?#"UM^X
MS2_AA>W>>V.KG!WFC>-*,93SFUTZM&O8][C[A/O/TU^XF[_ZC,T*ZK@GN/N$
M^\_37[B;O_J,PF">X^X3[S]-?N)N_P#J,PF">X^X3[S]-?N)N_\`J,PF">X^
MX3[S]-?N)N_^HS"8)[C[A/O/TU^XF[_ZC,)@GN/N$^\_37[B;O\`ZC,)@NIG
M:3O:QP\C!26T]6I,)1LHT=J0VI-H5N4*BIQU^BG:[W-Q4W&+"`<`JV<(J@'(
M`;Q'"8)`4;=56@H6L5R^:.A:]7(F.@8&&CM!7-K'Q,-$,T8^+C&#9/N+!-NR
M8,6Y$DDR@!2$(`!X!A%VWN/N$^\_37[B;O\`ZC,)@GN/N$^\_37[B;O_`*C,
M)@GN/N$^\_37[B;O_J,PF">X^X3[S]-?N)N_^HS"8+!+GIK;%^6B7<_LO72$
MA!$DD8J8JNO=U4*=:-9DK,LLP+.T7NLKDPK&2)HYLHLU.N9NHLU04$@J(I&*
M18'_`"DR7I?0^]-)^B^5OR9]'\I=O>E^7_OGXB]#Z?\`FG\GW_\`$']?]^\>
M_O6?GO6>9];"57__U_?QA$PB81,(F$3")A$PB81,(F$3")A%P)6,:347)0\@
MGYK"68/(QZEX!YK1^W4:N4^1`0#K15,'L'VY]-<6.:]OG`UZE:FA9<0RP2BL
M;VEI'(10^`KS16F`>52S6&KR`"#ZN3<K!N_#CEQ%/EV*Q@#D0Z3'0$0X$0$!
M\,Z!&\2QQR-\UP!ZUY,O+9]E=W5G+]I%(YAYVD@^)=#GVL9,(F$79PLN^K\S
M$ST6KY$G"2;"7CE_$?)?1KI)ZT5X`2B/EN$2CX"`^&?+VM>QS'#LD$'F*O6\
M\EK/!<PFDL;PYIV%I!'A"])U(M<?>J?6;C%B'H++"1TP@0#E4,W]:V3659JF
M+X>H9+&,BH'@)5""`^(9`)HG0RR1.\YI(7J_+[V+,;&TOX?LY8VN')45(YP<
M#RA93EM9B\]G<IK0=5;BMM;;MP;PKMW\0UDI`X1]P39U'35NAS]84HQQYS+D
M?$3-A]H<",XR^X]YM8I">V!0\X\NGI7F+BS*?P;/;VT:VENYV_'LW'X@#U35
MGZ*@C,U1M,(L8MMTJU%BO?5LFFD,P,NFS;"OYJSN2D%RG,VBH:,:)N).;F'G
MEF!!FT17=+F#A-,P^&?#Y&1MWGNH/RP&T\@Q61;6EQ>2=U;1%[Z5--`&LN)H
M&M&MSB`-949>?M/9H"#,'^F:.J8Q?7.F[%WMNPM!*(>8RC72;^!UPR<E,!B*
M.RR,P*8F*9M&KE*?+/UTVBL<?ZQ^1O34\@*V%,NR_P`[=N[S8"1"T\I%'2D;
M&[K-CI!@I&I]$JE"8.(^K1"4>5\X]=+/UEW<G.S\EY1$#2UEL4JN]G;)+G02
M(0SM\X<.!(0I1/TE*`78XV1`AC:5T[3RDG$GE*P;J\N;U[7W,I=04:,`UH]%
MC0`UC>1H`Y%:+M\W7*Z.OS2QH`X>5Z0!.-MT*B8O_$H<Z@&%9N10Q4O>D6H/
MG-3").3`9(3E354YQ[ZT;>0&,X/&+3L/D.O\RW/#'$$W#N9,NFU=:N[,K!\Y
MNT:MYNENC6*@$K?[7;#"VR#BK)79!O*PDTR1?QL@V,(I.&RY>HH])@*HDJ0>
M2J)G`JB2A3$.4IBB`0F1CXGNCD;1X-"%Z6M;JWO;>&[M90^WD:'-<-!!\1V@
MX@X'%=SGPLA:B.^[\.A';#F5W#HUHQC=CJD6>VNDE\AC&7U<`%126BG!SI-(
MJW+<#YQ5.EM(F$#G.DOUJ.)9D?$)M0VTO23;_-=I+>0[6^$<HT</^(_PL;G;
MYL]X=8UF:FIDBP#9CZ33@&RG76C7Z26NJ7>>>8AI>NRLA!3\7(0DU$NUF$I$
M2S-Q'R<<^;'%-PS?,7::3EJY14*(&(<I3%'VAD_8]DC6OC<',(J",01R%>7I
MX)[6:6VN871W#'$.:X%KFD:00:$$:P5UN?2LIA$PB81,(F$3")A%MB[(_P`.
M*Q;9=0VT-W1S^L:L34;R4157::[&Q;$1#I6;&43ZD7<%4G7@8SDW2Y>H^#<"
M)J%=%BV=<0QVH?;63@ZZT%VD,\KN30->BB[7\/?A5=9V^WSCB&)T.3`AS8S4
M/G&D;"R(^EYSQYE`0\>C&,C(Z%CF$1$,&<7%1;-M'QL;'MD6;"/8,T2-VC)D
MT;D30;-6R"92)ID*!2%`````,YZYSGN<][B7$U).DE>J(88K>*.""-K(6-#6
MM:``T`4``&``&``T+G9\JXM.7>MW&)7Z8-JVF/\`SJ=6WW78))JH`M[+86IC
M$!!!0@CZF&@U.0(;GRW#KE0`,1)!095E%AW+/>96_6N&`V#RGP#G*X3Q_P`5
M#,ISD]A)6PB=VW#1(\:AM8S5J<['$!I6O=_'L)5DZC91DTDHY^@JU?1[]LB\
M9/&JY!36;.FK@BB#A!8AA*8ARB4P#P(9NB`X$$5!7-V/?&]LD;RV1IJ"#0@[
M01H*A4->6_7(>?IV6;NZ\B')M1W:0?*5E-(`.(HT6W%0E+!0C]0E!-HJE*PB
M:28(-V;(#"N7'[J2+&!W8]$Z.@Z6\V(V`:5MO?K6_P"SFL1$Y_C1@;__`,C,
M&R<K@62$FKGOT'*ZCM*O6F24K3QM*4V]M4%'+VA7!!O&60K9`Q"+R,1Y#IY$
M6V"2.H4II*'=/V!3F!,ZI50,F6XR9KSN$%LFPZ>C41RBH6-=9=/;1BX8YLMF
M302,)+*Z@[`.8[Z+PUVL"F*DK+JUZ81?9L@=VZ:,TC)%7?/&C!MYZZ+9([I\
MX2:-4C+N#IHI><X6*0!,8`Y'VY\O<UC7/>:-`J5=@@EN9HK>!A=,]P:T#223
M0!>DK65'9:VU_4J,P\LR-<AFK%99(!`CN1,`N):0`#`40&1E%UEQ#@.!4'P#
M(%<3&XGEF=I<?!J'0,%ZKRC+H\IRRRRZ.F[%&`3M=I<[])Q)Z5G665L5H"[K
MMA%V/O&X2398%XB!7)4(0Y#@HF9A7CJMW"Z*A1$BC=],*.G"8E\!(L'M]HS;
M+8.XLXFD=IW:/.?S4"\T<:9H,UXAOI6.K!&>Z9S,J"1R%V\X<A5<LSU%4PB8
M1,(M^W:-3?@O05%;JI"D^L#-:WO^0`!4/8U1?1YA*'B4Q(06I!`?'DGT>P(5
MFDO?7LQ!P:=T=&GPU7I7@BP]PX:RYKFTDE:93^F:M_4W1T*RF:]2Q,(F$3")
MA$PB81,(F$3")A$PB81,(F$7_]#W\81,(F$3")A$PB81,(F$3")A$PB81,(M
M(O?50QJ>['%@;H@G&WZ)9SZ8D+PD25:$+$3*`<@'*QU&:3I3VAR[]OT!+\FF
M[VT#">TPTZ-(\G0O/GQ&RWW+B!URUM(KE@?^D.RX<^`<?65+\VR@*81,(F$6
MWK\/K9X35,G=72#@#2%.='FH),ZGUU:Y,N!,\113$1,)(N<4,8YO``]<F'T>
M,7SRWW)67+1V7BAYQY1XEW#X99O[Q87.3RN^M@.^SU''$#U7Z?7"V(9HEU%4
M-[\M2FN&O6>Q(EN*DWKTRII$J1.57=4D%$@?B;I#J.,.[*FY#GZJ:!G!OIS=
M9+==U.8''L/T>L/+HZES?XD9(;[*X\TA;6XM:[W+&[3[)H[D&\5I?=O&D>U<
MOG[INR9,T%7+MX[72;-6K9$@J+.'+A8Q$4$$DRB8QS"!2@'(CQDJ)`!)-`N$
M-:Y[FL8TEY-`!B2=@"A,-DVC88E;Z8B&BL"KX*;=N+1\G2?*,4IB.*1`(+QL
MYLWK*8IDW**\9!JIGZT9)P8AD!Q^]?+]@WL^D='0-+O`.4Z%M_<+>Q[6;2D3
M#^"PCO.:1Q!;%S$/D!P,;:U635+5<%6Y4;5*O92\7]5N=JXOEN4;/9M%LL4H
M+QU>:-&K*#IL(MTAUL8AJR;K&#S%P66$ZIOMD+6.WR2Z7:=/1J`Y``L>ZS*:
MXC]VC8V&R!J(V5#:ZBXDETCOI/+B-`H*`2=EY:Y,(F$5P^UCN@?:6E1K=I5>
MR6M)98QW#9$!<NJS(K&+S,1:(CUJ-%N.';4HAU\^:F'F%$BNJS++FW;>\C`%
MP/"-A^0_D)UP=Q?)D$WNEX7/REYQ`Q,;C\YHV'YS=>D8BCMVL/,1=@BV$W"/
MVLI$2C5%['2+)8B[5XU7(!TED52")3$,4?\`I`?`>!#(BYKF.<Q[2'`XA>@H
M)X;F&*XMY6O@>T%K@:@@Z""NRSY5U52[D.S;2O<TQ.M<X0\/<T&HMXK8-;!%
MC968$(`-D)`QDCM+#&(F*`>G>$4%,@F!`Z!C"?-IEV<7F6NI"^L-<6'$=&P\
MHZ:J%\5\!\/\71EU_;]W?AM&SQT$@V!VI[1Z+@:"NZ6DU6AW>_X9W<5J%9Y)
M56(^<-/1,8Z,O2&JREB10#K$OO2DBHXF4U^D@B;T(R")0XZE0$>`G-CQ)E]V
M`V5_<S;':.AVCKH>1>;^)/A'Q3D;I);.#W^P&AT0.^!]*+%U?4WQRK7N^8O8
MQXYCY)FZCW[)91L\8OFZK1XT<)&$BJ#ELN1-9!9(X"!BF*!BCX"&;]K@X!S2
M"TZPN7R1R0R/BEC<V5IH00001I!!Q!7%RJ^$PB81,(K7Z4[)^X[>ZK->IZ_D
M8>MNP25^-;FFO6*L#142=+QF[?-_6SJ(%4`>(UN\/Q]'`#QJ[W.<NL01+.#(
M/FM[3O!@.DA37A_X?<5<2.8ZRRQ\=HZGULM8XZ'6"15X]1KBMY/;+^&?I_2*
MT?:[X=/;>Q&ATW+9W+L"H4Z`=%*!B'A:RJHY(^>-E!'I=OSKCU%(HDBW.&0G
M,N)+N]#HH/JK<[#VCSNU<PIRDKT3PC\),BX>=%>YD1?9HW$%PI$P_0CQJ1Z3
MR=1:UI6RG(XNLIA%K)[N>[ANU;RNJM62:AI$RBT=<+<P5*"+)$"BD[@8)TF)
MC*O53&%-TY()00`HIIB8YC&2D.5Y826W-RWLZ6M/C/R#6N1\;\;-8V;)LFF/
M>U+996G`#6QAVZG.&C0,:D:J\DBXTF$3"+%;?2*K?(PD3;(9O+-6[@KY@L8[
MAG*0TDF11-"7K\W'K-)FNS;4BIO)>L7#=VCU"*:A1SX?&R0;KVU'BY0=(/*,
M5DVMW<V4AEMI2UQ%#H(<-;7--6N:=;7`M.L*->G:FLA$2&?[GHJ)3&%-08YI
MMZOH`83"":G_``NN['CFJ/@4I@CIHJ:?Y<JY4XRS]=#MDC_6'R.\!]8K8?\`
M&YAIW;2\/.8'>-T1/Z4=3HC:%)%0O-5O;!:1JTPC)$9N3,91F=)RPF8*23#E
M:)L4#(HM)JO2Z`?]HT>H(."`(")``0R\R1D@)8ZNW:.0C2#R%8%U9W-F\,N8
MBTD5!P+7#:UPJUS>5I(Y5L)[+M"0^VK!:9V[PZ,Q08:$DZX\BWI5/13\E:HI
MU%.HY44S)G.@S@GBRBO08JB:BR!@$/;FHSJY[J`6[3VWZ?5'ET=:G_PWR0WN
M9OS:9O\`;VOF[#(X8>R*NY"6K9_I.Q3!HV=UC<Y(\EL#43UG6IB3>.O/DKC4
MW34SC7>S7(JIMEUUKM74.F37(B1H6SL)=HW,HFSZQBB[R5^=Q6S2:FU':[4D
MN5&94:>Y*R`G`BA[#,%4;,%40$0%0T<3S'AB@("*38W&9EA;^\W449'8K4\P
MT]>CI4=XIS<9+DE[>-=2<MW(_7=@*>KB[F:5YY3&,8PF,(F,81,8QA$3&,(\
MB(B/B(B.3E>8":XG2OS"HF$3"+-=<4YUL&^U&E-.LJEDGHZ+45('(MF:[@GO
M!Z(<&^HQ8%46-X#]4@^`Y9N)1!#+,?FM)\G65L,JL'YGF5CE[-,LK6UV`GM'
MH%3T+TF,V;:/9M6#)$C=FQ;(,VC<G/0@V;)%101)R(CT))$`H<B(\!D!)+B7
M$XE>KHV,B8R.-M&-``&P#`!<G*+[3"+^3&*0ICG,4A"%$QC&$"E*4H<F,8P\
M`4I0#D1'V818)4=JZOV`Z<L:'LBA79ZR:)OWC.HW"O61TT8K*>2B]<MX:1>K
M(-%5OJ%4.`$,;P`><(LU([:J.5V2;ENH\:I-UW+0BR9G+9%V*Y6JRZ!3"JBD
MY,U4!,Q@`#BF;CGI'@BZ=_;*M%S<36I.RU^.L<^1PI!5]_,QS2;FDV@<NE(F
M*<.4W\D1L'BH**9P('MXPB^C*SUJ2FI>MQUA@Y"Q5\C-2>@64LP=34(G(IBK
M'J2\6@X4?1I'R11,B*R9`5*')>0PB^</;*M84)1U`66OSC:#D'D3-.(>9CI-
M"'E8X`&0C)15DY73CY!@`AYR*HD42Y^L`81?>OV.O6R);3U5GH:RP;WS?1S-
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MJ8<F>5^0`&LL@4GL.LFW/YR(#X>>D01]F8MY;BZMY(3I(PYQH_+8MWP[F[\C
MS>SS!M3&UU'C:QV#ASTQ'*`O1*P?,Y1BRDXYRB\CY%HW?,7C<X*(.V;M$CAJ
MY04+X'1704*8HAX"40'(*YI:2UPHX&B]1QR1S1QS1/#HGM!!&@@BH(Y"%_;M
MHU?M'3!\W1=LGK=9H[:N$RJMW+5RF9%PW72.`D4162.)3%$!`2B(#@$M(<#0
MA5>QDK'QR-#HW`@@X@@X$'D(7F0[C.T1;7>Y)MGM"8=[$K1I96R:O@'D>,7K
MJ*KIWZZ\"*E7%W))6JWUS@B#B1EW#XQ'K?U3)%@54I,F-C(V^A;-*[>>#BWY
MH(Y->VIKR47G;B:UFX8S"7+K"'N;=[:ME!)D>QVD=X:%H!JTM8&U'GEX(*ZS
M-FH2F$3")A$PB8165T!W,W/1;_T:/58*.]<@M*U1VX,0B2A^"JR$&X,"@1DD
M)>.O@HHK@4`4*(@0Y-?>Y?%>-J>S,!@?D.T>)2SAGBV_X=EW&_6Y>XU=&3UN
M8?FNVZCK&@C=)JS<E`W%"EF*3-).SIIIFDH5UT-IZ&4/X>3)QHG.HD'7R4JQ
M!4;JB`^6H8`R)W-I/:OW)F4V'4>8_D5WW)\]RS/;<3Y?<!Q`[3#@]G(YORBK
M3J)4HYC+<)A%&U_TWJ?:B`(;'UQ2[KTI"B@XL5=BY*09D'V^[Y-PV-(QQ^!$
M.I!5,W`B'/`CF3!>75J:V]P]G,2!TC0>E:G,\AR7.6[N:Y5;W&%`7L:YP]5Q
M&\WH(5/;/^%YV@6$YU&-+L5044Y$YJQ=;`).LQP,)R-[&ZL35'P#@"D(5,`'
MP*'@(;:+B;-H_.F:_P!9H^2B@MY\'N!KHDQY?+`3_+E?XGEX'0*<BC%7\'WM
ME4544)=-XH$.H<Y4$K/1121*8PF*DF*^MEEA33`>`ZSG-P'B(CXYE#BW,J?8
MP>R[]]:@_`OA$DD7^8@5T=Y#AUP$]967P'X47:9#G3-(L=@VH$RI@9.?NBC<
MBPD()3&4&KQU;.!EC#U&Z#$`#?D@4/#+,G%.:O\`-=&WF;^\2LZV^"W!,!!E
MCNIO7EI7_+;'IY.A6KUWVK=NFJ%&[FAZ=H\-(M#`9K-N(@D]8FQB^("WLEB/
M+3R/(\"/2Y#D0`1YX#-7<9IF%U43WCRTZJT'4*#P*9Y5P9PKDI:_+<BMXY6Z
M'EN^\<TC]YX]I3_F`I,F$7162S5ZGP[RP6B8CX*%8$ZW4C).4VS9/GGH3*8X
M@*JZHAPFF0#**&X*4HB(!GW'&^5X9&PN>=06/=W=K8P/N;R=L=NW2YQH/SDZ
M@,3J6I7N,[UY2](R%+U6+V`J+@BK.3L:H&:SUB;GY3509I@(*PL0X)R!@$?5
M+ICP?RBB=(9-890V$MFN:.EU#4/*?`.5<3XJ^($V8MEL,FWHK$U#I-#WC6!Z
M#3[1&FF(6OS-XN9)A$PB81,(F$6'OM(-=IVV#^&$YF`VB_7:05=N%+72C;.(
MKN2BUC),5FSN(LU>2<&%4["9;/HT@]2HI%,'6&/.R(-=,YVZYH\X8&@\8Y#4
M+;Y9<7KY8LM@A$\4KP!$\5:7'"HQ!8[:]A:X#2:+TM:%U673&IZ=KY:09S<S
M#13<;18V4:,0A9;2X3(I.SI(XSIZHR2?/>KR43+*B@W*FD!A*0,A-S</N9G2
MR'$^(:/RVKTMDV4VV2Y?!86K*,;4G&I+CB2305V`D:`!J6,[E\W7TW6]_,!5
M)&4QNK7-P-6Y4"ED=/2[M)5]:'@J&0\U734R);""ACJ*(07OQ!JBJY?$(:PM
MKR+7;WX[<+<-@M-=Q#DJL'KT%221DC`9-U;'Q">\"F,7D#!#-2D;`'M37,X*
M.2O)K7NH#.X=M^CU=77IZEP7XD9V+[,V97`^MO:UWJ:Y#YWL"C>0[P5#<W2Y
MNF$3")A%L-_#VUT:8O=BV0\0Y94Z,&(B%#`(=4_8$U$G"J)N!`PLH--9-0.0
M$`>$'-%GD^Y#';@XO-3S#\_B74/ACE??YC=9K(WZN!FZWUWZ:<S*@^L%M]R+
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M#5C6#Q%UW+QNNNYTNUXVF*%5VC'[#<]I'<0VW:YGFL24;.T6>=V[V`%Z<Y"^
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MGKNH0VJ4M+-&6L9S2VPF,5`.I,\TPCW+8RR3]Q+2C^),H2BD>!N=S>[-TEJB
MN[1LC:B6*:[?8.2DX1Y!.)F<JSWM4[MMCSL/\5A%.)!-O/S^LXHJCMJJB^:)
MM^6:[94?,PAVK*Z]L.;>6^GZXV3MNQUC6#2_]X\)\6NK8%1G;#-:HV11VNG=
M=3.R2`PD7!(RA6*Q/`2([0F)I&L)+/7#U-"3]62FM5^_F9F?D!\7?SHSOQ'\
M4>[?>GP90O-^3'_W-/D?_,1Y7P+Z;U7RK_X/[OZ/0^3^<])Y_P"=PE.1?__2
M][$E;*M#2\-7Y>RU^*GK&=9.O0DE,QS&7G5&Q/,<)PT:Z<I/)0Z!/$X($.)0
M\1XPBR#")A$PB81,(F$3")A%\E%T4CH)JK))G<JB@V(HH0AW"Q45G)D4"F$!
M55*W;J*"4O(@0AC>P!$"+ZX1,(F$3"+KY>*83L3)PDJW([C)F/>Q4DU4YZ'+
M"0;*M'C<_'`]"S=8Q1_V#GTUSF.:]IHX&HYPK4\,=S#-;S-WH9&EKAM#A0CI
M!7G!V?1)#6=_M=%D@4%>NR[AFBNH4"F>QI^ES$20%+X%))1:Z*X!]`*<#P/A
MD\MYFW$$4S=#AX=8Z#@O*N;Y=+E&9WN72UWHGD`[6Z6N_2:0>E8'E]:U,(F$
M3"+;SV%[L+8JRXU#/.^9NIHJOZLJNH7K?UA18!<1Q!-]=5Q!/%^2AR(^E6(4
MH`5`PY%\ZM.[D%TP=AV!Y#MZ?'SKN'PWX@%U:.R.Y?\`W$`K'7YT=<6\["?9
M(`P:MB.:)=15!-MZJD>[$U_GXY^LQB-9*S-!TXCU"U9VB[0DH*>V;!,*'6Z'
M4*O/PS>KQ@*)(GCWD+)/"J.&S]$"Y^7WALYPX_9.P=S;><>4*+\7<.LX@RMT
M+`!?1]J(\M,6$ZFO&!V'=.I:>W[![%OGD;(M5V4A'NEV3YFY3,BY:.VJID7#
M==(X`=-9%4@E,40Y`0R:M<'`.::M(7FJ2.2&1\4K"V5I((.!!&!!&T%<3*JV
MK]=M<%'UFA(S$^^IK%ANBRNJ7/)VNV5:N.OE,QCY.$L$A!(S\@R=OW*UJE2&
M$&I3J%-$E*`"*@%-I,P>Z28L8'DPMWAN@GMD@@&@P[(U^DNE<)VT5IEK9[F2
M!L=_*8G]Y)&P^[!KF/<P/<"29'#S:GZL;:**7FD8^OAKN'GFSTU@E-^6/5]G
M,@X4(BZBHA[3VK8T>D`'\A1T287434*)A.0Y!#G@,RA=N?W[V$;@@#QSG>T]
M06F?P]%:_A<%RQWO+\R?;R4.!:TQ`;NRN\2#K!"R)?6.LZLO6V,G5+!;U=A[
M>O-&8KQ]B7C#U&'JML95MDU9)-V3LDO97Q7X.5/5_FQ0!,I"`*@JEM^\7$G>
M%LK6AD378BN\2*]`%*8+*=E&4V;K2.:REG-U?30@M>6]TV.01@``'>D-=X[V
M%*4&-17'9T#'U79.PJQ$E5)%5R\6R!C"+JBNN2/AYY_'LBK+&`#+*E;-R@8P
M^)A\<S[=[I+>"1WG.8TGG(!45S>VBL\VS.S@![F*XD8VN)W6O<T5.LT"P?+R
MURBZ$N5JDMVQSFCV2;K<1I-R$C,S==E'T6O-;*F8DY(RI*N62B'JXFJ5:5%_
M*-5!4;N7,G'E,`BV73'$D8VYD,3V@PLT\KB,!T`U/*1L6^M)Y\EM&WMO*Z/,
MKC",C`LB:>T_GD<-QOT6R5!#@MOFJ?Q")>/*VBMO5X9Q`H%3-:ZRFV9RP``<
M`I(0*IF\8].8P\F.W5:`4H>"1S9JKG(VNJZUDH?1.CH.GKKSJ=Y+\3IX@R'/
M+7O&_P`R.@=^DS!IYVEOJE;`Z#O?4FS"(!4+Q"/GR_04L*[<>ZIX%3AR*00T
MH5I(+"0WU1,DFHF(A]4PAP(Z2>RNK>O>PD-VZ1UC!=-RWB/),W#?<<QC=(?F
M$[K^;==1QZ`1RJ7,Q5NTPB81,(F$6(6Z_P!(H3,S^Y6J"K;<$Q4)[VDFS5=P
M4!,'#-F=3U;Y01*(`1$AS"(#P'AEV*":<[L4;G'D"P;[,\ORV/O+^]CB;3YS
M@">8:3S`%48VA^(-48@CB.U5`N;9(!YB:=@GDW$/743!X)N&\</ESDH01#Q3
M4"/X`0$##XAFXM\CE=1UR_=;L&)Z]`\*YWG'Q.L8`Z+)K8SR^F^K6#E#?/=S
M'<YUIK[G=T;2L=CK^[[C;9B:@*>#Z+O=8*Z.VK$9KR;6:&D+;%5]'HBF$CKU
MXT0D7+HI`<+0A'Y#F66%`"[D6T-B&R0,HP8.VD;3ZNGFK34N=R9QF'$TDUGF
M=P7W$AK!J#9!6D;0,`)0=S:7]V2:`E=\0Y5"E.0Q3D.4#D.00,4Y3``E,4P"
M(&*8!Y`0\!#,]14BF!TK^L*BO5J!JUL_;#.:U712.^O>R;X-75,3J63N51H%
M%M<$V04'ZJ0S*,:Y8"/M$70`']`Z:Z)CS%EP#V61MKZKG.:>JH/0NC9&QEWP
MA<92YH[RYNYN[.OO8H89&`;-X-<S])9;:JJT?:LU9IAI#OY0:9MR"KMH90[I
MC'RDG8Y*B/+I>D4I.7%-A'C%/)E=CZAS^:;)LA4,`D+TY;CD(N+F[+@-^(D5
MJ0`';K<!B:TK0::K-O+)DF39-D#('/[B^8R0-(:YSW0F68!SNRW=+BS>=@T,
MJ<`L%^4>IIQQK-=NBRA4MC35_P!>$2KEPE+/!Q=K91$6>D2@2\K'L%7C@\[,
M(HO4DC+,E4SE,F)3`<F7O>KE@N`228PUV+0"14[PH"=0PUK7?@F2W#LH<UK8
MQ=230=B5TC&R!K>Z=O.:VIWW`/`JT@BE#4*OVT:1'Z^8Z_@EVSMO=GU2+9KN
MFY5-TL7$_(NUZ]#`S,!3,W3"NH(*K@/B91S[?J\!FVTSIS.\$=R'4;T#$])K
M3F48SC+XLLCRRV<QPS!T'>2U.@O<2QM-1#`">5RB/,I:1;9^Q7M^/!L"[HMC
M,22LPT5;T9BX3`%&$,X**;NPG*?ZY'4PGRDV\"B5H)S_`%BN"],9SF^WS[I$
M>R#VN4[.C7R\R[7\.N&3;QC/[UGUTC:0@ZFG2_G=H;]&IQ#A39'F@75E`?<G
MMF,U#JR=FG2;1[+S*"]=K40\20<H2,M)-ED^MVR<%42=1D>VZUW)#E%-0A/*
M'@5"\YEA:F[N&Q_PQB[F_/H4<XISUF093/=@CWIW9B&UY&!IL;YQYJ:2%YIH
MNKWJOL&T+"7&M#"QA3-(9*=I4S,2S2)24.$;'/)9ML&)))&C&70W*N9N194B
M13*B=03G-,VQR,:&,>W<&BH)PU"N\-"\Y375I<RON+BVD,[S5Q;(UH+CYS@#
M$ZF\:FE:`G"@H%S_`'?L[[7T/]W-@_BGE:3?S&^R?WE;W\O^ZS?YK?Z*>[]G
M?:^A_NYL'\4\4F_F-]D_O)OY?]UF_P`UO]%/=^SOM?0_W<V#^*>*3?S&^R?W
MDW\O^ZS?YK?Z*_0CMGB(`%NH@B(\``:XL(B(C[``/FGXB.*3?S&^R?WDW\O^
MZS?YK?Z*WX]NVE]\:IU16ZXCL#4D=(OD?B*PMGVDKB\?)3TRB@L[:NW3?N`8
M(+K1:":3/J*B0!*V#VCR887?7!N;F20N!:,!38.O3IZ5Z4X7RF/)LEM+5L3F
M2N&^\$@D/<`2"0&@EHHW0,&J;_<?<)]Y^FOW$W?_`%&9AJ0X)[C[A/O/TU^X
MF[_ZC,)@GN/N$^\_37[B;O\`ZC,)@GN/N$^\_37[B;O_`*C,)@NI2HNYT')G
MJ%UT(B\-('EC.TNW>UIN32JK1TP4DS+D[A@5&048OED3+<^8*2QR"/2<P"3!
M=M[C[A/O/TU^XF[_`.HS"8)[C[A/O/TU^XF[_P"HS"8+B)53>K=V\?H;"T>B
M^D"MBOWJ6@+BF[?%9D.FT*\<D[B2K.2M4U#%3`XFZ`,(%X`1PF"-*IO6/!P#
M#86CV0/':[]V#30%Q;`Z?.C`=T]<`CW$D\]VY.'*BAN3G'Q$1PF"_IG5M[QS
M5!C'[$TBP9-B`FV9L]`W%JU;I@(B":#=#N)(DD0!'V%``PF"Y/N/N$^\_37[
MB;O_`*C,)@N(I5-ZJO&\BKL+1ZD@T260:OE-`7$[QLBYZ/4(MW1NXD5T4G'E
MEZRE,`'Z0YYX#"8(E5-ZMW;Q^AL+1Z+Z0*V*_>I:`N*;M\5F0Z;0KQR3N)*L
MY*U34,5,#B;H`P@7@!'"8+^F=6WO'-4&,?L32+!DV(";9FST#<6K5NF`B()H
M-T.XDB21`$?84`#"8+`[_I_N!OA8HZ?<!3:<\B?6%1<U?2<RZ8O$7JD>X.G,
M52Z[KN%&FUFCR*;KLW3N+6>QZI#>E61*NX*L3#8HJ_DPMWN7X=^;%6]Q_`?P
M5[K^!-K^C]Y_'WS2^:GE?S*\?.CYB?\`&/B?_P!Y>N_.=?.$JO_3]7^\FK.$
ME.]*[PS766[**UKT#_,WJ*]O+3JO9=3C*OJ"N6%N&KMQ$;/V#F!=T51&8@F1
M6T;',[@,BHC8F+X[\8XJC4N)"3NU_CQ2`JNX[K7([;GX@MSITXYDJU0Y.<K&
MO(SM`O\`MY.JTUI9*2Y;5]TM::A%(J*2;6250:-E"`0KA998]%7R+J;'O[:<
MI9:<TB[9?RZ_WK/]R]/@9NPL=$5F.5KM4U+NRZUNR:BI4,6S[>26I[RAQ35:
M4MCDJ2RCA4SN(1,]9HM24715K<V[XK6;F#@[1>R.=-=IFD-B1UH>F[<A@IQ_
M;Z%8K&K<]UK;`EJI9!UNE(UL8<IJ\A%.O)B)10[]P\42,T)12/LC=6UH^H[8
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ME`N-8]A;$UVEL.TM;,]DY9YW>[[]U,+=$4^PHZ_"N?A_[EV;&,*8Z&JL'\9Z
M&Q031L98RAUUH])5N<W0\>@Y)L4C7;<.Y=6,6C5YM9>QEN.A==W&4N%MK.OX
MUEJ:1F=NZSUQ>]G1J$!7:['GJ]0J>R7MB<,YH\BBB6"3`RWDF<`J2BGC4=LN
M2'<SO[3,[MMQM&OT#3_;7>(IM-PM'C[=4;'LZR]Q\59F$_(4.O56+>-Y>(UG
M#/&:"S!%=LFH<_)TUTS#54U`JVN%1,(F$6LS\074AG;""W##,^I6,!*MW$Z0
M``^[UUO^[\HL4``!!L]6.T44$1./GH%XZ2>$AR.ZHY]J\Z<6\^L?+UKDGQ.R
M0OBM\]@CQ9]7+3T2>PX\Q):3IQ:-`6JC)(N,IA$PB81932KC.:_M<%<JVY]+
M,U]^D_9J&ZA15Z.2+M'1"F(*K)\V.=%8G(=:1S%Y#G+<T3)XGQ2"K'"GY<RS
M,OOKC++VWO[1^[/$X$;.4':"*@C6"5NRD]Z!L[550)J24"+V'N1\:E0)R%:2
M3_7+Q)H+O85SD&#CANN36-<*N^;`Y(1I)22D8S,8GO)'J@MS;OM9GPOTC0=H
MU'\N9>H,ES>VSS+H,QMCV7#M-UM</.:>4>$4.@JR%4J\%2*Q7Z=6&!(NNU:&
MC8"#CTSJJE9Q<2T28L4!67.JX<'3;HE`RBACJ*&Y,<PF$1&PMJM?O>MVSGL+
M=WN*A1XGG6+?S+Q"M$^3S$<U2`"V-DB0.HTG'()@5T0`'SVY04#A1(WG;_*,
MP[LBUF=V#YIV'9S'5L/@Y3Q_PD;IK\]RV+^X:/KF#YS0//`])H\X:VXZ0=[4
MMDF7%%W4K8IN<;0K.6DG+YI78PL-"-EC%\B,C"N7#STK5(A2D(4SITHH8W`G
M.8W)A'PX^&L8PO+6T+C4\I61-=7%PRW9-*7,B9NL!T-;4F@Z23RJ06^]]O-%
M9%="^395Y9\RE'S@QFJK@\G'Q[.):R2*ZK8ZS.1"+CT6RBZ)DU5D$P34,8OA
ME@V5J=T&$4`(Z":TYJFJV;.(\\897-S*3>>X.)PKO-:&AP)%0[=:&DBA(%"2
M%G>MM\-JE&ODYP^QE91Y;%[=(KU.[DA(ZUNG!D%5F5ACWT7*)L3.%4U"+/(_
MR%W#98R*@&+TF"S<69E<W<[O=#=T;S:D<Q!'4<`<5LLIXC9912"X-T9G3&5Q
MCEW&R$T)#VEKJ5Q!<RA+26FJ@BUV%W;K39;6_311?6>?F+"]1;@8$$G<U(N9
M)RF@!A$P(D6<F`O(B/2`9FQL$4<<3?-:T#J%%'+VZ??7EW>R@"2:5SR!HJ]Q
M<:<E2H>V;<W-+K(N(AJA)VZ?D&E5HD(N90B4S<9D%BQ3=R9$#+)Q,>D@M(22
MI`,9M%LW*_`@D.?,TAC95HJ\F@&TG1T:SR`JYE]HV[N*2N+;5C2^1P^:QNDC
MZ1P:T:WN:-:Y]`IC2@U2,K;=VM)ND/4OIR==$*F_LMEEG*LG9+-)%*=0I7\_
M-.EW2A"B*:0J>6F`)D(4*Q1B)@8#4ZSM)TGI*^+V[=>W,D[FAK30-:-#&-%&
ML'(UH`&LTJ<25F>7%B)A%+E6WUN6F$(C7=DVQDU2#I28N)5:5C4@\/!*,E_7
M1Z7@`?DIAF+)96DN,ENTGFH>L4*W=GQ)GU@`VUS:=K!H!<7-',UU6^!39%=]
MO<%'D`CN6K4Z8`$!5E:PQ1.81`@=0A"&ATN0$HCX%`.3#]'`!B.R:Q=H:X<Q
M\M5((?B-Q/$*/GBD/THP/V-U<&P_B:[YA[7KN`;U34BS2UR,^RDEW,#<#.TT
MXFL2,RW.S,C?$$$E5'3,H*=::A13$0*!1X$,9^2VK9(FB22CB=8U`GT5N;?X
MD9[):WTSK6TWXFM([,F-7AIK];L.JF*[^1[^]\O2J`V+28<3B;I-'5URJ9+J
M()0!/WM+2A1`@CU!U@;Q#QY#PR^W)+(4KOGG/D`6KE^)7$D@.X+>/U6'#VG.
M\*B.R=T>_K215*2V=8FR*HFZD8$S.L$Z#!T^5U5QK%JF2Z/`0,8W4'Y7(\CF
M5'EUE%0MMVUY<?'5:2[XPXEO`1+F\H:=3*1]'8#2H+>/'D@Y6>OW;E\\<'\Q
MP[>+JN7*Y^`#K676,=54_``')A$>`S,`#0`T4"CKY'RO=)*\ND.DDU)YR5QL
MJOA?-5))=)1!=--9%9,Z2R*I"J)*I*%$BB:B9P$ATSD$0$!`0$!X'&E5!+2"
M#0A0EJE56ERDQI.36,8E2:)3.M73A511:7U2[<"UC8\5ES&4=2.N9'F%<_65
M5!@$8Y<'%5]F/#]676Y^;BWE;_\`SHYJ$Z5M\R`NXXLWC&,IW90/FS`5)Y!*
M/K!H&]WC6BC%..9"TZRB+NEJA&L0RB)U_'M8&R?%\.DU5!,(^R^0R;#,-S`7
MK*[%O'($$1$2B5,`X]N6W0Q/+BY@)<W=/*-GA69#?WMNR"."Y<UD<O>M`^;)
M0#>'+1H'0NP:[*OK)T5ZUM<P@\+;E;YZI-R)7`V]=,Z3B?.KQUJ/G"2IB*"8
M1*H4P@8!`1SY-O"1NF,4W=W]'8KK,VS*-_>,O9`_O^^K7'O3@7UVD8';K69-
MMSV:P2M=0V78+'.5"#L1+0G$P/N2'?,Y9JS639J02X1@-H9-1T)!7(B0J9@$
MZ@$\X0/EDVD;&R&WC:)7-I4U(IRXX_EJ6>S/[NYFM6YM<RR6,<O>;K-QI#@#
M3<.[1N-*@"FDTWL5AFR;S(;*OEIO4HF"#NRRR[\&H*"L5BTX*WCHXBPD3%8D
M='(I(%.)2B8$P'@.>,O6\+;>&.%NAHIY3TE8&;9C+FV97F8S"CY7EU--!H:V
MNO=:`*\BLGVD]MCC<%C3M=J9JIZUKCLHNP4`R?Q5*H"15.!;'^J;T"?)3OE2
M^()B")!`ZG6EK\SS`6L?=1G^X<.H;>?9UJ5\$\*.SRZ%[>1D93$['_R.'S!]
M'6\[.R,34;O$DDD$DT$$TT444R)(HI$*FDDDF4")IIID`")IID````````X#
M(@37$Z5Z$:T-`:T`-`H`-2^3UZTC6;N1D'*#)@P;+O7KQTJ1!LT:-4CKN7+A
M902IHH((IF.<QA`"E`1'PRH!<0UHJ2OF21D4;Y97AL;022<``!4DG4`-*T&=
MSF\7.[MAN)%F=9.G5X%XFGLE.L@F9`H`NYEPD;CH>S:R8*&`0`R:!4DAY%,3
M#-<NLQ9P!I^U=B[R='E*\U\7<0OXAS1TL9(L(JMB')K>1M><>0;HU55<<SU%
M4PB81,(K9]F^I#[-VY'2,@S]15*&*%DG#*$ZF[A^D<_P[%'Y`Q#F=R:7G'3,
M`E4;-5BC[0S69K=>[VKFM/UK\!\IZO"0IKP)DAS?.XI98ZV5M21^PGYC>EPJ
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M4/GX&1)L"1*E3.7B$B/PHF7M@`E=YD&R:_\`4P1_/)E/^44!`G2HBO?;AM+8
MVP$KO::9JR00):J=;30Z^TF;B02/17,1*0E1CKZY[0U=A1FO'5BB`DW\4E)]
M3IRNN@"Z<:X<,%254L4:E;IHL_L6UMZ#K*?M&T+(RL-GGY_>LV$@*,/!Q]<K
M=;8!`]K$$U0K=9B(X",TCI*K^8NNLLLLNNJH8F"S=0VZU?5^;IK0ZGKY./FG
MWF;HMA_63,3[L]U2SOJ[;A]1)QGN5GZ=<_*J/I$>@P>43I)TKI;#7-D6Z.7A
M[7V]=MMGB74HG..HNP[3GIJ.<S:*0((S"[&2[9W+9:421*!"N#%%8I0X`W&$
MZ5\).I[`FG5:?3/;GVS2SVF%1+3WDGLZ:?NJH5NHS6;EK3AUVRJJP14%8YN8
M@-12Z3()B'`D+P3I7*"`V8$C,2X=OW;@$M87:+^?E`VK/A(SCYO!.:N@]F'O
M\M'J9-VA67BT<118QSE8*G;@()&,02=*^%MA=XVNOR\&77.I:XYDX%S76]DK
MN[YY*P0K!R*2G1%J3':],Q*C=-9NF<S-XT=Q[@"`FX;K)"9,Q,%&6E]*[4TM
M+7.QPFM-*.)^\LZK#RIXW:"U)K\?7J0I97%7@H*J4;M5@(AJBT?7*5>.';DK
MN1=NI!0#N/2I,VK0G2I^]^=PGW8::_?M=_\`3GA,$]^=PGW8::_?M=_].>$P
M3WYW"?=AIK]^UW_TYX3!=#:6V[;E6YRJ3VJ--.H>P1CR*D$0WO=2G%L\1,B=
M1`YNW$X).41,!TE.!%-0I3!X@&?<<CXI&2L-'M-0L6\M(+^TN+*Y;6"5A:X<
MA%,-A&D'4<5Y]]ET_=6KKM/4>PTR@ED(5WY95TMC606L@R6(5=A(LU%=3HF5
M:O6JA3E$2E$!$2B`&*(!-[>X?<PLFC8W=(](X;1YJ\RYME%OD^87.775S-WL
M;M/=-HX'$.'UHP(Q\&E8)[PV=]D*'^\:P?PLR]6;^6WVC^ZM=N9?]ZF_RF_U
MD]X;.^R%#_>-8/X68K-_+;[1_=3<R_[U-_E-_K)[PV=]D*'^\:P?PLQ6;^6W
MVC^ZFYE_WJ;_`"F_UD]X;.^R%#_>-8/X68K-_+;[1_=3<R_[U-_E-_K*R?9]
MM:<TIN!_?MA-(E:(L,:E2CQ<,Y<SQ*=5%U8Z1D9>$D7T+#2'OJ8L+)%:5310
M31?L8Y@B8AUFB*P:^^L'7D;G&@G'FT.%-AP&G;JPY:RSA?BJ+AV[AA9O.RN0
MGOB6@.WB:![0'.P8`,*G>J_66[OHGCI!C+L&4K%NV\A&R31N_CWS14B[5XR=
MI$7:NFRZ8F360714*8A@$0,40$,B#FN:XM<*.!H0O0D4L<\4<T+PZ)[06D&H
M((J"#K!&A<S**XM3O=SVD&A#2>U-6QHFA3"L_MU39)")H8PB*KF=A&Z8<C#B
M/)W+8H?U3Q43#R.HJ$ERO--_=MKEW;T-<=?(>78=?/IXMQOP3[OWV<Y/%_;X
MF6,?,VO8/1UN;\W2.S4-UKY(%R=,(F$3"*"Z:([(O\KLU8#*52GFF*+J],P&
M\B2=D=%:;"V`F4QNA9.1DX\L+%+=`&*Q8.W""BC:5#,:/ZV5TWS&U#?\3NO`
M<@)&#EN;O^PLH\O'^YEW9)N04K%'T`]X\>DYK2`Z-3IF2M,F$3")A$PBB6[_
M`.9&E?[>NG^`9S+$GVMOSG]DK9V?^PS?U(_]1JEK+ZUB81,(F$3"*)]L5R8>
MQT3=*@V,YOFN'JUAKK-)4J![+&J(>GM="76,`I"VN<(4R"/F]2#>529/#%$S
M0@A8G8XALC!]8PU'+M;TCPT.I;/+9XF22VETZEE.-UQ]`Z62<\;L33$L+VZ'
M%9Y6;'$6^O0MI@'7K(:P1C.6C7`IG14.T>H$72!=NJ4BS5RF!^A5%0I5$E"F
M(<`,40"ZQ[7M:]I[)%5A7$$MK/+;S-I*QQ:1RCEUC81@1B%WF?2LIA$PBM#V
MU]M<[O.=]:]]5#Z]AW1"ST\4G2L^6+TJ#!00J%,FM)+)F#S5>#)M$S`<X&,9
M--36YAF#+-FZVAG(P&SE/)XU,.$^$[GB*Y[R2L>5QGMOUD^@S:XZSH:,3C0'
M>=6ZY!U""BZS6XUO$0<,T391L>U*)46Z!.3#XF$RBJRJAC'44.)E%5#&.<QC
M&$1A\DCY7NDD=5Y.)7HFTM+>QMH;2TB#+>-M&M&@#Y2=))Q)J3BN[SX60M57
M>]W(E?J/-*T=^!F;9;R]@2[-4!!R[;J`):FW63-P"+-8G5(<>)EBE0$0`BQ#
MR3*+#=I=S-Q/FC_%Y.O8N-?$+BL2F3(,NE^K!^N<-9'\,'8#Y_+1NIP.LK)"
MN1IA$PB81?1))5=5-!!-19990B2**1#**JJJ&`B:::9`$ZBBAQ````$1$>`R
MA-,3H56M+B&M!+B:`#6M_P#VQZ=)IG5L5"O$B!:)L2V"VK!P)BRKQ%,$HPI^
MD#>3#,R$0XY$HK%54+QY@AD)S&Z][N7/!^K&#>;;TZ5Z8X1R(9#D\-O(W^\D
M[<A^D1YO,T4'/4ZU8?,%2A,(F$3")A$PB81,(F$3")A$PB81,(F$3")A%__5
M]_&$3")A$PB81,(F$3")A$PB81,(F$3")A$PBHIWP:,-?Z838U>9BM;:(R5%
M^B@03+S%1*<[EX@!>H.MQ!***.T@#Q,D9<H`8QB`&YR>\[B7N)#]4\X<COSZ
M.I<Y^(7#OXG8#-;5E;VV::@:71Z2.=F+AR;PQ)"TP9+%P1,(F$3")A%?;M#[
MI_ELZ0UQL!\<:%(.!"%EUQ$X4^0<JB8Y%S#R<M=?*G$ROM!JJ(J``$,J(:7-
M,M]X!G@;]<-(](>7Q]2Z3P/QC^$O;E69R?\`&N/8<?X3CM^@3I]$XZ"5N134
M(J0BJ1R*)J$*HFHF8#D4(<`,0Y#E$2F(8H\@(>`AD4T8'2N[@@@$&H*_H0`0
M$!`!`0X$!\0$!]H"'T@.%5:PNY_LL%P>1V#IF.(5404>SU`:$Z`6-R91S(5-
M,/J%4'GK/'AT@/`^G\>E`9%EV;4W8+MV&IWR'R]>U<AXOX!WC+F>0Q8Z7PC7
MM='XRSV=35JW52505407341614.DLBJ0R:J2J9A(HFHF<`.FHF<!`0$`$!#@
M<D0-<1H7'7-+26N!#@:$'4OGE510]MN:EUT8/6=2>.&%OV6L^CRR[,PE=T^D
MQJ;<UYO**GL1>Q#%\@RC3"!P";DV(G(9$%A+8G<[LPL-'OU[!K/1H'*0MKED
M,0,V87+`ZUMP#NG0^0U[N/F<07/_`/&Q]#6BDV$A8JMPT37H)@WBX2"C6,/$
M1C0GEM8^,C6R;-BR;)\CT(-FR)2%#Q\"Y=:UK&M:T4:!0+732R7$LL\SRZ9[
MBYQ.DDFI)YRNTSZ5M3?I"MLY2XOVEBA4W;)76>RIQ@A*,A,@LK'TFPNHR4:E
M<$`JOI9%EUI*EY`JJ7@/)<P[R0MB:8WT/>,!IRN%1U%2'AZTCFOI&75N'1FT
MG>`X8'=B>6N%=CA4':%V?R2:^]_=GQ"XZ?Y??G;YWNY/GU7P/\7_``]T>LX]
M/YOYCU//5T_6\OGZN?/OAW=[N_X_=Z?I;M?S*]_^?9W_`'/O1I^&>]UW=?<]
M[N:=&K>Z:+I-[0L3!7*(90T<TC&BVNM92*K=D@1NBH_DZ-!/I!V<B8`47#UX
MN=50WM,<PB/B.?=F]SXG%[B3WCQT!Q`6/Q';PVU_!'!$UC#:V[J`4%70L+CS
MDDD\JAC,M:!1+=_\R-*_V]=/\`SF6)/M;?G/[)6SL_\`89OZD?\`J-4M9?6L
M7((T=*MW#M-LX4:-#H)NG1$5#MVQW(J`V(X6*44T3N!1/T`80$_2/'/`Y2HJ
M!7$K[#'EKGAA+&TJ:8"NBIU5H:;5:#>6KX2-DMKVF$]/"L:E:];UME7(]@DB
MP.2U4E:6=.R*)JD!N=)U%B/0"8@H98QA$!#QU]I</<VVC?B7->:DXX.I\JE_
M$63V\4N=7EO2..":",,:T`?61%Q/)0MT4QJOVPZ*HU'1N,I<+K90AZI>*G3$
MR0-9CWDG*JV>FGMAG!2O9QFU9>@324`>HR@*%2X#@QPXHR\FE,3(HF[[F.=B
M304=N["EUPYEV7MOIK[,)>XAN(XNQ&TN=WD7>5Q>`*4.VM-I4(;-I*FN+_;*
M,J_)*&K,RYC"R*:)FP/44Q*=NX,W,=46ZJB"A1.3K.!#\@!C``&',MYO>((I
M@VF\*T4>S?+SE69WN7&3?[F0MWJ4J-1IJPTBIH=96"Y>6N4%0/3K+9CRG'`&
M]*VH\E[31S")@;1&PBIKR]]IR/)>A(EG;)K61BGU"8[@DP/U4TT29C-^IF,?
M\-]2.1VEPZ?.'Z2W,U<PR]MT,;NV#62;71>;&_\`0-(G'9W6LDJ=<R5IDPBN
M1VV=I5BW"Y:6BU%=US6Z*Q%/5F(*,K:0(?E1I`IJ%_-,AZ1*J^.`IE$>E(%#
M@?R]5?YG':@QQT=<>`<_DZU/.%.";K/7LO+P.BRH'3H=)R,Y-KSAJ;4UINFK
M=:@:?!QM:K,6UAH*(;%:1T<S()46Z)1$PB)CF.JLLJH83J*J&.JJH8QSF,8P
MB,2DD?*]TDCB7G25WVTM+:QMXK2TA;';,%&M&@#QDG22<2<225WF?"R%0GN\
M[ITM=,GNM:"^`^P'[<J4U*MQ`Q:='NT04Z4U/$`L3ULJ`I`'BV2/YHB!Q2YW
M65Y:9W"XG;]0-`](^3QZ-JYMQQQBW*HY,IRV3_DW#MN'\)I'[9&CT0=[31:;
M3G.H<RBAC'.<QCG.<PF.<YA$3&,81$3&,(\B(^(CDK7""2223BOYPJ)A$PB8
M17\[&-%C<[8;:=B9B>L4IX0L"DN0?*E[:0I5DEB^("=O72'(N;PX,Y.B`"($
M4+FDSB\[J+W:,_6/&/(W\_BJNE_#OAWW^].<W4?]I;N[`.ATFFO,S`^L6["%
MN.R*KNR81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A%_];W\81,(F$3")A$
MPB81,(F$3")A$PB81,(F$3"+\$`$!`0`0$.!`?$!`?:`A](#A%H[[P.WX^H[
MD-FKC(Q->W%VNO'`BF`-Z]-GZW#VNFZ``B#8Q>I9B`@7E#J3#J%`QAF&5WWO
M47=R'Z]@QY1M\OYUYYXYX9.27_O=K'_QD[B6TT,?I+.0:V<E1\TE4ZS:J")A
M%.;+0-J=&B8Q>PT>+ND\P92,)KN5GEVEQD4)-L#N)1\L(U2`C9&6;&(=LT>R
M#9VJ"A`!/DY0'#-[&-YP8\PM-"X#LBFG74@:R`0I%'PU>/,,+KJW9?RM#F0.
M>1*X.%6CS=QKG"A:U[VN-1AB%P*YHJ]66-9O6H0C!],N)MG6*W,S"$;9K8[K
MBAT)MM`12Q1,LLQ=)G1$%SMP473,FF)SE$H5DO(8W$&I:`*D"H;714\O2K=K
MPYF-W%'(SNVR2%XCC<X-DD+,'AC3I(-1B14@@5(HH;S+6A6P3M5[OG%$,PUY
MM"07=TCI3:0%A6*=P[J7`]*3)X)"G</*Z//!/RU&8``%Y1X*GH\RRL35GMVT
MFUCTOS^/G73>#>.'Y:8\KSB4NR_0QYQ,?(=99LTENKLX#;^U=-GK9!XS<(.V
MCI%-PU=-54UVSENL0%$ET%TC'2615(8#%,41*8!Y`<BY!!((H0NY,>R1C9(W
M!S'"H(-00=!!&D+[Y1?2J1W`]I-,W,5S/Q!T:CL#RQ,6;;MP-'3BA"_FT;&R
M2`IEC&Z>@':7#A,!`3`L4I4\V=CF<MI1CNU!LUCF\FCF4)XFX)L,^#[F`B#,
MZ>>!V7\D@&GUAVAKW@*+3/MK6]NT>]D&NRXP:XTCVSU^,ZX.`UUY%QZ0N'<H
MQF>"LUV3=L'F*\B51`H\*D3-R4)5!=07$9EBD&Z!CM'/L7"\SR+-,INVV5[:
M.$KG481BU^-!N$8.K48:16A`."JWJ:/?3R\WN"PLUV4SL)%@G6XM\GY;RKZR
MC!<+5"'60.0BS*5FO7+3,FD<`61>/_2*"8&:7"$%Q=.X4<[0-C1H'3I/*::E
M3,GLA$65P/!B@)WB-#Y33?=RAM!&PZ"UN\//*FG,A:E,(IHC]YVF.JS6N)PU
M46?QU4F:-%75S&OU+E%5&>4D%)""8ORRJ<61OTRSDB2IV9W*":YRIJ%`<Q#9
MQND,F^[=+@XMKV2X4H:4KJ&NA6_BXBO(K-EJ((3*R%T+92T]ZV)^]O,!WMVG
M:<`2TN`)`(7+1W]:T8(D0$!2E'X:^?:M5M:L,\/9W%(=Q*T*C$JNO>H1J9XY
M@J!$'"35-QTID*H=0G)34-E$7[V^_=W]^E<-ZM:Z*X[*T7VWB6];;"#W:W,O
MNIMS(6GO#$6E@;7>W>RTT#@T.P`)(P4;7"X2UWE6TQ,E:%=M(.`KZ0,D3H(^
M@K<0SA(\3D467,+@S-D05#<@!C\B```\!?BB;"TM96A)/234K57U]-F$S)YP
MW?;&QF`H*1M#&ZSC0"O*L5RZL)1+=_\`,C2O]O73_`,YEB3[6WYS^R5L[/\`
MV&;^I'_J-4M9?6L4B4?8\C2&=AB0@JU:8"TDB_?->M;.1=Q;ES!N'#F'?D&)
ME8:00>QZCM8"&(N!1(J<IRF*80RQ-;MF,;M]S7MK0BE<=.D$8\RVF79K+E\=
MU#[M%-;3;N^R0.+26$EI[+FN!;4TH=!(-05DY-[6M=[>W4]#5&UMM@R49,S$
M188ATM%,I:#3=(03Z%;Q\E&K,31#-X=!),5%$%$.$UDU"AQEOW.,"$,>YI8"
M`0<:'36H.G3MKH68.([UTF8ON8()F73VN<U[26AS*AA8&N:1N@D`5((P<"%U
M=VW);K\SL+&=3AB(V>VPMTDACV"C0Q9B!K3FJLBM2^I42;LC1CLXG2`H\J\"
M42E#ISZAM8H2QS*U:TM%3J)KXU9S#/K[,H[J.Y$>[-.R5VZ*=ID9C%,<!NDU
M&W9H6)7>X2U_MD[<YTK0DO87QI!^5@B=NS!<Y")B#=%19<Z:?2F'@)S#_MRY
M#$V")D3*[C10+"S"^GS.]N;^Y#>_E=O.H*"O(*GQK%<NK"6#[%IA;W5'T&B_
M-#3*2S.9JMA22%9>M6V$=)R=<GDD041%RFPE&Z8N&PG*F]:&5;*\HK*%&W+'
MWC"VM':0=A&(/7UC!9EC=^YW+)BS?B(+7MU/8X4<WDJ":'2TT<,0%V6FI6=W
M!%1*$56Y`UY,^>5JR4R-17DI"&N<&L=E88A$J27GNF"#I$R[1T)"$=QJB+LO
M"2I1SX;.SNC)(0VF#JZB-/YMHH=:OSY7.+\65DQT_>4=%N@DO8X5::"N-/.'
MS7!S3YI6XKM_[%64*=C;=T`UE90@IN65$;J)N8ABH``<@V)XF)DI=PF8?%LB
M(M`$OUE%RFZ2Z"^SDOK%:5#?2U]&SGT\RZOPS\.H[<QWN?T?,,1",6CUSH<?
MHCL[2X&BV1)))())H()IHHHID2112(5-))),H$3333(`$333(```````!P&:
M`FN)TKJS6AH#6@!H%`!J7TPJJA?=1W=,M<(OJ#K9\W?[`.`MY683(D[84XAB
M@)R!YA5&KZP"4W!4A`Z;8>15`3@"0[K+<K,Y;/<"D&H:W?F\>K:N;\9<;QY4
MV3+<ID#LST.=@1%\A?R8AOSL<%IS>O7DD\=2$@Z</G[YPL[>O7:RCAT[=.%#
M*N'+EPJ8ZJRZRIQ,<YA$QC"(B/.2H`-`:T4`7"9)))9'RRO+I'$DDFI).)))
MTDZRI6AM,S,C#P4Q,6JBTH+8F=>IQUQFW<=)6)J5T=@5^V1914FA%QB[U,Z2
M3J258MU1(82G$A1,&,^[8USVLC>_=\XM%0.32*GD%2MU!D,\L%M//>6UOWPK
M&V5Y:YXK2H`:X-:34!TA8TT-#057PCM,7-R_M;*9&%IB5)E&T%9).Y2Z$-%L
M9Q\9T5A$IN@*Z,^>/BLE5$_3D53!$OFF.5(0.-77<0;&65?OBH#14D#2?_7F
M7S%D%^^2]CG[NW%N\,D=*X-:'FNZVN-2:$B@(H*D@8K!;36)JF6&7JUB9BPF
MH1XHQD&WF)+D(J0"F*=%=`ZB+ANND<JB2A#"11,Q3%$0$,O1R,EC;)&:L(P6
MNO+.XL+J>SNF;MQ&ZCAIQY","",01@1BN@S[6*I+U)JZP;@O,12:\02*/5//
ME)(R1E6L)"MS$]X2[L`,0!3;)G`J9!,45ESD2*(&.&8]U<LM873/U:!M.H+;
MY)D]UGN8P9?:C%QJYVIC!YSCS:AK)`TE>A:DTV"U]5(.FUIJ#2%@&";%FF/2
M*JHE$RCAXZ.0I"K/7[I0ZZZG`=:JAC<!SD&FE?/*^60U>XU_+F7I[+["VRRR
MM["T9NV\3:#:=I.TDU).LDE93EM9B81,(F$3")A$PB81,(F$3")A$PB81,(F
M$3")A%__U_?QA$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$6'7ZBU[9-1FJ
M7:&@.XB;:&;JB7I!PS<%X49R+%0Q3@B_CW)2JI&X$`.4`,!BB)1NP326\K)8
MS1X/Y#I6#F676N;6-Q87C-Z"1M.4'4X;"TX@[>1>?;;^J+'IN[R5-L1/,%`?
M51$JFF9-I.0RQS@RE&H&$W1Y@$$JJ?4845BG3$1Z>1F]K<QW<+98^D;#L7F3
M/,ENLAS"6PNA6F+7:GM.AP^4:C4:E%^9*TZO6%;H6U-S)[;5V]3*A7IB1J%G
M1:2<M%LI^(GFSR`1E*D^A)"5CI5H1B1LX](_:HNV(D(EUJ)E$YB:;O)K:T-K
M[J]T@#A@"01C1U0"-E0:'2NC>Z9;G.?#.SGD$%K(^*0!SFA[7@L#HRQSFN%*
M.W7M#F4#:D"I']TB5KJ.S)#9YK7KAI'3=ZOA=BURZ24<QL%"@)6T2RRZ^MEV
M$HK)R4@_KTB?R'4&914CSDGBG^<,F;(;=MOW<A<&-W2T$AQ`'GU%``1B':E7
M+YK5N;RYN;VU;%)<S=^R5S0^%CI'$F`AQ<YSF.-'0U(=AHQ-'9'T/O!][L%<
M8WUCGW>+H"@Y%CYQ_2"X`@B0%_(Z>O@1#JYXS<-KNC>\ZF*YY+W?>R=S7NMX
M[M=-*X5Y::5P\JK:MWVY]V-GTLNWKLZ#RSZX46$5(<50/)U_SC]2SNM+.5"I
M$3$XBH=D<Q&ZIQ,)3)'.=0=7?Y9'=@O91L^W4>?RZ>=3CA7C2\R!S;6YWILJ
M)\VO:9728R>LL-&DZ-TDE;H:/>ZGL>O,[33)II-PSP.DJ[8P@JV<%*4RK)^U
M4`CE@_0`X=:*I2*%`0'C@0$8G-#+;R&.5A#Q^6&T+O>79E99K:LO+"X;)`[6
M-(.QPTM(U@T*R[+2SEA.Q-<43;50F*#LJJ0MUIL^W]+,5V?9D>QKY'_JJI'X
M$H^T.HHE,`"(<\".?37N8:M<05:F@AN&=W/$'-K45&@ZB-8(U$4(U%:Z=P?A
M^+D,ZFM,2Y5D^#*C2[(Z!-<H^(^3#6%3A%4#"(`1)\"?2`")G)A'C)#:YX,&
M7;/TA\H\G4N19[\,G`ON,AGJ/Y4AQYF/T'D#Z<KRM=5NI%OH4H>%N5<EJY)$
M$W2WE&:K<%R$$H&69KB`MWS?ZP<*HG43'GP-F^BFBF;OQ2!S>1<MOLOOLMF-
MO?VKXI=CA2O*#H(Y02%BV7%A)A$PB81,(HEN_P#F1I7^WKI_@&<RQ)]K;\Y_
M9*V=G_L,W]2/_4:I:R^M8F$3")A$PBY;"/?RKQO'1;)W)2#M0$FK%@V6>/'*
MH@(@FW;-R*++*"`#X%*(^&4+@T%SB`T*Y'%)-(V*&-SY7&@`!)/,!B5:[6W:
M3<)J]5"K[3]?K%A<HJ<EJ\N[;,WC^?5K1HY>5K+5(CX20MF/%/S/46[XI5U&
M35TNDBL1HY!/3W6=015;`.\?M^;UZ^C#E70\D^&^:W^Y/F;O=;;T3C*1ZNAM
M=':-1Z!6V?47;UJ/1I9I77-18P\O:%&+FUV-3ES8+0]CF#:+:OIJ14X%9RG'
M,T$`\LJ1`102(!0*F0"QNXN9KE[GRNTG0,!LT<VO2NRY5DN7Y-;Q6UE#0,;3
M>=VGD$EQ!<<:;Q)W11H))`%5-68ZVJX[MVTCVKE\_=-V3)F@JZ=O':R;9JU;
M($,JNX<N%C$10013*)CG,(%*4!$1XRH!<0UHJ2OE[V1,?)(\-C:"22:``:22
M<`!K*U9=R/>\=^5_1]*O%VS0P+,Y?8"8';NG)1`4U6]2`>A=HCP(@+\P%5,/
M(H`0`*L>1V&4;N[-=BIU-_>\G7L7'.*_B$91)E^02$,Q#IM!.T1ZP/IZ?1I@
MXZS#G.H<RBAC'.<QCG.<PF.<YA$3&,81$3&,(\B(^(CDA7)"2223BOYPJ*V;
MNNT[<R>N9=79M1I#.`UC#TJT-+%(1["4@INF1;IC'.FL3)2,6K/0ED,F@L96
M-,[<HJ+*]2`F*`&U@DEM#<-]W<\ND+A0$@AQQQ`-".6@T8J:OM;#/AE4YS>"
MW9%9MBD#W-#F/B:0TAKG-WV28&L>\X$NJVNF09]G1[5L_:,[.W"KR4+79>HL
M:I19K8$77JY?Y2`JD=7V]UF9!J]?H+PXQ[$5C%:_UQP9Z*)E6_"P98C,T=M;
M,9$X/<'5<&DEH+B=T`TQKAC@*5QP6TN8\NO,WSBYN;Z%]O$^(1POF:QDSF1M
M8)7.!(+=T5[/:=O;I+>TJB[-E9N;OEFE['+0DW,R,CZI[(UMV@]@%!501%!"
M(<-A%`S!@VZ&Z92B/EE2Z!$1*(YM+=K&0QM8TA@&@Z>GE.E0C-YKBXS*[GNI
MXY+ASJET9!9H%`TC#=`HT;*4U+%(J+D9R280T0S<2,I*.V["/8-4Q5<NWCI4
MJ+=NBF7Q,HJJ<`#_`*<N.<UC7/>:-`Q*PH89;B6."",NF>X!H&DDX`!;Y^V7
M0,?HRE%1>%;N[S8"(.[;*I<'*FH4HF;0,>K_`,MBO,,'4'`N%C'4'@HD(2&9
MA>NO)JC"%OFCY3RGP+TAPCPU%P[EX:\!V8R@&1WB8WZ+?UC4[`+*9KU+$PB8
M1,(F$3")A$PB81,(F$3")A$PB81,(F$3")A%_]#W\81,(F$3")A$PB81,(F$
M3")A$PB81,(F$3")A$PB@W?NC:_O2F*P,B*;"?CO/>52P@GUJQ,D=,H&26X`
M5%HF0\LA'20?E%*4Y>%$R"&997C[.4/;BP^<-H\HU*.\2\.VW$5@;:6C;EE3
M&_6UW+M:[`.',1B`M!]SIMCU_9I:HVN.5BYV&<>G>-5!`Y#`8A54'+98O*;E
MF[;G*JBJ41*HF8!#VY-8I8YXVRQ.JPKS9?V%UEEW-8WL19<QFA'B(.L$8@ZP
ML7RXL-,(F$3")A%(VL]KWG4<^G8:1-+1K@13*_8*"9>'F6Z8F$&DO&B<J+Q'
M@Y@*;ZJJ0F$R1R'X,&/<6T-TS<F94:CK',5M<ISK,<DN1=9?<%CM;=+7#8YN
M@CPC2"#BMO>CN\W7NT2,X2U*M:%=E`21]#(N@+`3+@PE3`8287Z$TEEU1#I:
M.1(MR<")F7X$V1>\RF>VJ^,%\/)I'./E'@7<.'>/<LS@,M[PBVS`X4<>PX_0
M<=9]%U#C0%VE7)S5*>)A%T5AK%<ML:K#VB"B;#%K@/F,)A@UD6HF$!*"A4G2
M:A4UB`/U3EX.4?$!`<^V221.#XWEKMH-%CW5G:WL3H+RV9+"=3FAP\.OETK7
M7W%=H&IH.&;2E!+.0-VM=BBJ?1::U?\`O&$L5MG5%5$6ZA)(KN8C(B)C&CR6
MEG3=9Q[MA8]VZ(U6\@$3;:'.[F.@E:'CJ/6,/`H#F7PSR6[+GV$TEK(=0[;/
M9<0[J>`-BKM<^Q+>5:,JK!-8*\L2"8Q%(*5292`(E_WEXV=]V#YP_P#JVZKD
M?Z!'-M%G-G)3?+F.Y1AUBOAHH%?_``YXBM"YULR.XC^@X!U.5K]W'D!<JRV7
M6VP::8Y;72+57RDZA%:6@9)DU,4H<F.D[6;%:K)@'^\0YB_[<V$=Q!+]G,UW
M,0HC=Y3F=@2+W+YHN5S'`=9%#T%83EY:],(HEN_^9&E?[>NG^`9S+$GVMOSG
M]DK9V?\`L,W]2/\`U&J6LOK6)A%W<)6;)95P:UROS<^Y$W0#>$B7\JN)^`'I
M!%BW74$W`AX<<^.?#Y(XQ61X:.4@+(M[2[NW;EK:R2OV,:7'J`*L54.S3N`M
MQDSFIY*LS4X_KUOD&\.5,1$/!2-3]9/%X`>>?2"'_E\,P)<VL8OXN\=C17PZ
M/"I38\!\37Q!]Q[F,ZY7!OZN+_U5;^A?AV5QD*+O9%UD)Q4HD.>'J[<D1'@8
MOY2*TJ^*\?O4#_TIHLSA]`YJY\]D-1;Q!HVG$]6CQJ<Y;\+K6/=?FN8.D=Z,
M8W6\Q<:N(Y@TJ\=#U/KG637TE%J$-7P,0$UGC=N*\LZ(''!7LR].YEGI0XY`
M%5C@`^SVYIYKF>X-9I2[Q=6A=#RW)<JRAFYEUC'%M(%7'G>:N/22N/MFA.-@
MU!6/AY%&!ND%(,;;KJT+('<$K%\@#'<P$DY1040=N8-Z8ZD?,M$5D#R4&]>L
M14*FY..6%M%SM97M'8]*B+4$8X@9%<S^*LM9>+$<OJG<*](NH&X5-ZZ232;O
MG%;LD<Z9^J1`6SPJ(+H&.@JF<Q%A>X.X76FEF2@VB8(ZGS(@JPJ,09)Y8'HJ
M`(HG5;`H5.,9*=(CZAT9),0*($ZS\$',M;&XNS]6RC-;CH_/S!1[/.*,IR",
M^^3[US3")N+SLP^:/I.H-E3@M.N\NYW8>[G*C)^X^':8FKULZ?$N%?1J`17S
M$5YQV()*SCY/@O!E"D03,7J213,)A-*K/+H+,`M&]+Z1^39X]I7"N(N+\TXA
M>8Y'=U8`X1-)IR%YTO//0#2&C%5PS/443")A$PB81?T0AU#E33*8YSF*0A"%
M$QSG,(`4I2@`B8QA'@`#Q$<*H!)``Q6YGM![70UFQ0V+?&)?F#)MCA%1;@I#
MC3HQTD*9P,'!NBP2#=02KF`>6Z)A1#@QEN8GFF8^\$P0N^H&D^D?(-6W3L7>
M>!^#_P`(C;FN91_\F\=EI_A-/^-PT^B.SK<KWYIET=,(F$3"*M?<QL">H,/J
MXL).6.N)73<5;I$]+T^I%N]M:P,C7;=+./AVNFJMW]7(*O81N4Q@BGHIH"H;
MH+QYA"J%U;O>M,TS3F5PV5<=P2U&E;#(1,AL?9^MF=);T9\WA?6Q,;/PC+7N
ML+"A'6Y\A[OAG*<(_+(3SI".(OZITS;JDI58,X[Q).`E]GK6_1VTXJO4R([9
ME(.&:M-?O-A2=I[C;6UI$74'L*VV@Z9$FXVRS31%4@*)(I`V><++&]*5<E%G
M-N[IH?7LY3X?8%)FZ7\5VW4VO$CS]FH#215OFX)6I5V#A:M!C:1D[]'5^RW1
MFPEY*)*X9H+)N?3F=`T<^42BXZ_=K66$+&725H5\8ZUMT9>)36M[3"JO&>P&
M]%I-NV292.ADK,$Y$MKQ0*/)3-;<O446KY@WY=*,%UFJ#@E%S(CN6?V)&$1K
MVB]L25CE*`EM:1IJB^N(ZQ5FA2\A(1])7GC/KZE!-+9L<\,_-#Q`/14#W:[*
M^58G1$IB44)Z2[RW5DHF@'=CK]ZN^QMU:U[979*W7*S4*Y'L;IM_0FP=U3$H
MJYL=L@G4?")16M)51^BNEY\<=-!)!%P*BOED(4V+=T$66J$LJ=%GV)V5FV34
M[<2US]&I]=I,OJRQC6)Y*>O,U94ZF/O]Z)%H)-NX67D69S*J)M0;O`;$HL.B
M^^/7L_%HVN`H6T)77+;4>E-XV?9"<?3D*M4]=;V3![5I:0*O=23<FI7*\@[F
M;`6.:/"140P66ZU5%&B#HE%9RJW^&N%AV-78AM)^=K"TQM,L$BZ1:I1;JPR%
M,J]\49PRB;U9X\)&05RCP<JG012*Y5.B0QSHK`F5%4>"[Z65BK%9N3'0&YFD
M!<-`#W001I=UJIG)?)QK'L)*3=S#)OLA\C#W0K:78F:0QUS'<@^2\Q9N9%^5
MD5:<JD*<[P=90\S-MT6TC*U>HV&F5:Z7-"5I\:QKDM>HRISL<M\/V"S1%OEX
M2OP%VC7DV\:,%4V!'0)I`Y7;2*3`E"L'M'?'4&M-D[-4JW(S"4[5-J2FGI12
M;H;B.V#.:XHERV"V:*03:\(6R%BK;5J/(2L6Y=MFJ3B-:*"X49.%6B+@E%W,
M?W6$0GZO7Y&B['E+I?U-3P410(R/UTBE7[#?-9[:V@L\=61;8?HUH1"NZFDE
M7I_/74:=#<J";@RJOE$HLOC.YQA85J[7ZUKB[S&PYR;V]#O:(+JFQKFN-]%V
MN(INQ;#+6"1LZ%><P*<U98=.,%BN[>OAFF8J-FQ"OSL"46'_`,Z]8^`OF)\E
M.X3W)[S^&O2_!U2]Z?'?\RG\K7RY\CX^])\<_,#^N>C\_I]S?G?,]3_5,)1?
M_]'VU(6[9FQ]B;:K%%GJS1J]IJP5RDNY&:J;FX2MJO\`+:]J.T70+-DK376S
M"AQE7V)#(G21$DF_>F<@F[9)MRBY*N"P6.W=M6U4'XS;AJG5$#3FFX(S:VS-
MCN'<W0XN\Z:V79=43D1"1;6WT>8:55Y+TN3E3S,B[1(RCA:)`@Z767%H3!2E
M%7_9]UTKJR]5'7K>"OFRZ]K>;EZQ<WBR3+525QB8R:M2]H:K#79V?<45LY70
M".;ILWD@_(DB<629UG+8B@RG]P^S[_?7&FJT[U@>S,;-N-(NXT:[8YO65FJ.
MG(S0P6!S6:6SO;*16L;.][^0J[U(+.NT92-7ES'6\\I(],F"Z&([K]G7:I[@
MNM/J](8(]M5;G4]MU66&;EWMNVSKZ4O+/:&LZ):4Y*M-*Q#PB5%`D;8WL9+H
MR2LNF8S)`C)0')*:%WE2[M%-DWN0)1;+J_X&BMQI:?+$6%C<&,]/.H]^W@[,
M]+L<BX4FHWHDPH\/"4I_'+2\['QA7!'"!9!/TA**8=N=S%+TY+6&(G*Y?)]6
MG:JE]W71W5(:,=QM4U=7W;]I.6>3>S$[!I/%H\8U90L6P]9,O$DSF:-''EJ`
M0E%\T.YJG?UZ.DZM?Z_=$SZ_&#UQ,Q,(E=[:UVJZM+/7CZ!9,K&^B&Z-A5HL
MX99.3>QSF&;P[QQ+),&Z!E<)1<IMW'5>0=IUN)J5\E=F%G++`26I&[*LM;S!
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M,,Y5,(@(`91JH85$P'E1-7/L+^2SDVPG2/E'+XU%.*N%;7B.UJ*,S%@^KD_P
M/VM/6TXC6#HJMM2L-%L,I5;5%N(>=AW!FSUDY*')1X`R:R*A1,DY:.4C`HBL
MF)DU4S`8HB`@.3**6.:-LD;JL*\Z7ME=9==36=Y"67##0@^,;0=((P(Q"QS+
MBQ$PB81,(F$3"*T^G>[K:NI?31BC[XTJ2`)I!7+&Y75.S;DX`$X.9_.OHKI(
M'20A@7:D#V(\^(:VZRNVNJNW=R7:/E&OP'E4RR+C?.<DW(3)[Q9#^&\G`?0=
MB6\@Q:/16S;5G>-IO9)&S-W,!1K&L!2GA;8JDS;*+#X"2/GQ$L0[*8X@"95#
MMW"@CX)9'KG*KNWJ0S?CVM^4:?&.5=<R?CO(<V#(WS^[71^9(0!7Z+_-/)4A
MQ]%6K(<BA"J)F*<ARE.0Y#`8AR&`!*8I@$0,4P#R`AX"&:U3($$`@X*O%#,.
MU-FS^VE5BNJ31C3NLM1MRB4[-_*-)'T.VMDD$B_0NK(6"))6HLRJ`*M&<*_<
M-5CM)TX"7UJ5B<*B818+,ZNUI8A,,]KVDS)S<\J2E5@WRP")3EZR+.&*BJ:@
M`H;@Q1`P<CP.7F7-Q'YD[QS$K73Y/E-U7WG*[>0_2C83UD*/'W:WV^R(B+C5
M=93Y."@^A(]BPZBE$@``1KQH!2<#XE#ZHCXB'/CE]N8WS=%R[IQ\:U<G!W#,
MOG9-".:K?V2%5S;/:=V^H[R[6FZ.NFJ*$E;=EH/D$IZUIH.4F.I+;(M2J(DG
M2I_4=I%,(@`"<`Z3<D^KE3F=\2TF<U&C!NL4V+X;P7PPULK&Y6T->`"-^2AH
MX.&&_MZ]!P5F6_:?V\-E/,3U=!F-TB7AP[FG:?`\"(^4ZE%DNKP\!XY#!S.^
M.!N3X/(C>"^%V&HR>.O*7GP%Q6<Q.E-/P9RJ1.KJ`R7(/)72=2@S/"^)#<`\
M59'=`4#)E'CKXY#GVY9==W3\'7+R/6*V,/#^16Y!AR>V:[;W;*]=*^%20W;-
MVB*;9H@BU;I`)4D&Z1$$4RB(F$$TDRE(0!,(CX`'B.6"234FI6U:QK&AC&@-
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M[=H1T[=+JF$RB[ARO)J++K*&'DQC&$PC[1S<B6!H#6R,`'*%SF2QS25[I9;2
MX=(XU)+'DD[22*DKB_-/6/WC4/\`:^O_`-X97OX?YS>L+X_#LP^X3>P[R)\T
M]8_>-0_VOK_]X8[^'^<WK"?AV8?<)O8=Y$^:>L?O&H?[7U_^\,=_#_.;UA/P
M[,/N$WL.\B?-/6/WC4/]KZ__`'ACOX?YS>L)^'9A]PF]AWD3YIZQ^\:A_M?7
M_P"\,=_#_.;UA/P[,/N$WL.\B_HFT-9J&*0FQ**<YS`0A"6V`,8YC"`%*4H2
M`B8QA'@`#VX[^'^<WK"#+<Q)`%A/7U'>1;3.TJI]O5/+'[.VAN73)K88$W=8
MJSW95($M7*(`=&5ED%)L0&Q"`@*2)@_J/Y1@]1P"$<S/-.]WK>W=]5K.WD')
MX^;3V/@G@CW$19OG$/\`>Z8XR/L]CG#T]@^9I/:\W8G_`#&=O?W[::_>?2/[
M\S1+J5#L3^8SM[^_;37[SZ1_?F$H=B?S&=O?W[::_>?2/[\PE#L3^8SM[^_;
M37[SZ1_?F$H=B?S&=O?W[::_>?2/[\PE#L46;5O_`&^[+:4WTO<WJFJ2]$O4
M5?X&59;`UQ*$][1<5.0Q6SZ/DI@R#IBNRGU^H"F3.!P*(&\!`2"HU+!+LOVZ
M[>AHVJ[M[J-5;%I3.0E)21IR=WUO5H.S/EHLD?7%;$6(GC/7I*4]57E8PJ:R
M/IYPK*0*(.8YH<A,=071'C.WM]).W<_W@:[L:<J7MFD9M[)WG69+/,6OM>V?
M';*JE@=3#&;:1)$K<M&$;S;8D8453F.LU5:@((@3'8NCN]/[;+9;K;:6'=9I
MF`5MNV=0[M>N_?.IYJW*7#2LQ0)VI5-[=I.P'EUM/K2>MF"KB$;%9R1/4/4F
MLLU;N"H)45<=BY85/MD<5*`UK*]V6NI#66OH.\06IZV%\U@VE:2UNM$M^KVR
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M*JS@IS#D[Q@R<.BG6;HLTSE;D)CL6==KEUTUI?1&OJ'<NY/45IV`A&N[%LRT
M.MLT1\O8=FW24?6_8$F#Y.08`Z8FM<VZ39"**?0Q313`I2D`H55#IT+&XBO]
MI4/2JO1T.YF@*Q]5[6W':FS=J[1UIZQQ3G$378@]B<B1X5#XF*A7$C`)2%:]
M:A_S7'``3'8N$S@.V.&L,R_K_<]IJ,@;;/TBU6M@M8=3/K.,[1Z[3:L`4^YF
MEVZ]3AKG#49D2=;F:/UEUE'*[%>/<.551HJX[%UD+2^UN&KA]?(]T6H&NMXV
MNW>JU*(A+'J.$MD7`7>MSU1)!6&ZHR;@UJ@Z)7K"JTKS?T+(Z2:#<\DI*.$"
M.`)CL60UZ.[:(^YT+8DYW2:LEK=2'U)DQ-&7S7T)7Y5[1M0;DTU'B:)<V2<D
M&3=[`;H?.ER`_4'UK1`2&*EYB9JJF.Q8;<K+J'7EGKM\U'N.EV*T)V3>LP^D
M8W:>A),64?N^PT^V6>JR50O&P]9L)BMOI:GLUVCUG864I&2$6S`Z;YFX?)!1
M5Q56O=$M\H_EQ_,O"^M^&?G)[R_F*[;_`$OSH_G>_FL^'O*])YWSQ^'_`/A/
MQ/\`_!'K/SGHO+PG0O_2]AFTG-3C9O<[367>)J'0MJVD1,MX^(34VWV*I;)A
M:K&T)G>JPQE-BU1*"LR%8KL4R>LI5K*,%?<S4Q&[=07AG95Z%"E;I6KH5CK)
M&;[RNV+8;C7:-EGU4=BQL!.UN<W-=-E639EOWI\(1&^ZS`L+Y,S4X11KYB3Q
M.OK`Y&(%DD\51RBKT*P.X;SJ;;&O86DF[KM"0:HRT`_OQRV:&7K6P(J+:N%)
M6HO(.)V]7+%%U.Q3GIUG;0LXN#F/14CG9G35RX!2JIT+$TYO6D<ZUU8JSW3]
MHU3MNL*_<]?UAO`P5=C]:-M6W<-?O9&I)Z_:[Z;OH^083VLXEPT>LYILW1;H
MBW]$8#"IA.A1LUHVEH"I;!I5.[S](PT/NZH/X3>#Z0D:=*6.RW"TO[>[V'L^
MDRL?M6`:TBWW1.\O0,#QK/,V:K5@HFD/D."/**N.Q9&R@-"0J\[6*YW5=O<%
MIR?WW4^X9:D,7E,2M[&X5J]4_:;J)87YMM!K%&KD]L:EH/%B.J^Y>)LG3EF1
MR!/3';$QV+-MMJ]M^UQW+ZCN?U)"_.#MQG.WESY-ZH;[W$SFOC3KM*'7:FWK
MW+?XQ-PU-Y1#>0'YT.L>FJICL6,;BKW;#MN^/]C.^X_0`3I&.EDZY$VZ5UM?
M::QDM126_@7<6&M2-OC2V:.MU7[AI>-5;D78+L3HI.F[D%@+T$QV+"G6L^UY
M61K5I2WIV4FM4!)[$5-#O]=:;7U![EV3':LCIIE%:ZCM@0\^QGTODQ`KIS+R
MR23X5!>(G$S%1FS845:G85SRT;M]1+,,V?=EH".AK/K_`$U4K'&0X:NKR(3F
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M,9V]_?MIK]Y](_OS"4.Q/YC.WO[]M-?O/I']^82AV*`=^..T[>U?!K)[UTQ%
M6J,06"MVIOLJCG=,#GY4]$_3"=(,C#+K>)T3"!B"(F2,0PB)LVROI;)]6XQG
M2-O-L/Y%1GB7A>RXCM=R8;EZP'NY`,1R'TFDZ1JT@@K2=>9FGZ]L#RO3VP]<
M*+-E3E;247>ZQ)PTJW*)1(]BY)K)G0=(*)G*(EY*JD)NA4A%`,0)=#>VT[`]
MDS:;"0".<+S_`)CPYG.5W,EK<Y?*7`X.:USFN&UK@*$>$:"`<%AOS3UC]XU#
M_:^O_P!X9=[^'^<WK"P/P[,/N$WL.\B?-/6/WC4/]KZ__>&._A_G-ZPGX=F'
MW";V'>1/FGK'[QJ'^U]?_O#'?P_SF]83\.S#[A-[#O(GS3UC]XU#_:^O_P!X
M8[^'^<WK"?AV8?<)O8=Y$^:>L?O&H?[7U_\`O#'?P_SF]83\.S#[A-[#O(GS
M3UC]XU#_`&OK_P#>&._A_G-ZPGX=F'W";V'>1/FGK'[QJ'^U]?\`[PQW\/\`
M.;UA/P[,/N$WL.\BS:+[K-C5^++1M%;G5"1M)E(0R=>L$=9F%-@G*#@UAMI(
MX7$BU@GL?&>82/=)I%$9E9F4P](B)<.YM[2[HW<8Z0G2-(&LDCP5PK12')\V
MS_(=Z7WB>*RC;7<>#N/=H:QK7@C$FKMVC@P.(-0%LCU'W[-J77*W2K)K%BWK
MM7A8FN0RE&?+-"QD)!LF\9&,D8.<6>%<`V8-B$`?>"0?4]GC]77S9"TU-O/3
MD=Y1Y%+LN^*<K=UF:Y:';71&A]AU03^F!R;+DU+O*[?K6"9!N0UEXIT_U*VQ
MSN(%/JX#\Y(E(Z@R\"/C_6QX]OL\<UDN57T7\+>'T37P:?`II9<><,WM![_W
M+SJD:6_K8L_65AH.U5>SI>?6K)`V%`4P5!:#F(^62%(P@!5/,8.'!/+$1#@>
M>/',%\4D9I)&YIY01XU*+>]L[QN]:7<4K:5JQS7#]4E=]GPLE,(JT;=_SX[3
M/_G/:_\`_2]QPJ[59?"HF$7"?R4=%-C/)1^RC6A!`IW3]T@S;%,("(`9=PHF
MD41`H^T?HRK6N<:-:2>16Y)8H6%\TC6,VD@#K*@ZU=T6A*>"I9+95??.$N2B
MTKBJUH<&5+R`H",`E(((J@8!`05.F!1\#"&9D>77LM-VW<!RX>.BCU[QAPW8
MU[W-HG.&IA,AYNP'`=)'*JM77\16KM"JM]?T28FE^!(G(VAXVA&29PYX6)'Q
MYI5X]1'@."F5:''GD>..!V4.12&AGF`&P8^$T^50[,/BE9L#FY9ESY'>E(0P
M<^ZW>)'2U4NV!W<;TV$"[9U;E:S$KB8!B*:F:OMP(8>3)'D$559YPB8H`4Q%
M79R&+R`AXCSMH,KLX*$1;SMKL?!H\"@.9\;\19IO,??&&$_-B[`YMX$O(Y"X
MA5K.<ZAS**&,<YS&.<YS"8YSF$1,8QA$1,8PCR(CXB.;!1,DDDDXK^<*B81,
M(F$3")A%SXN*DIR19Q$,P=RDI(N$VK"/8-U73QVY5'I31;MT2G554,/T``Y\
MN<UC2][@&C25=AAEN)8X((W/F<:!H%23L`"W%]KO:"RUGZ"^[%1;2>P>DKB,
MB`.B[BZ<)R`)3@<@J(2%A3Y$!7*8R#<1X1ZC`"PQ7,<T-QO0P&D&LZW>0<FO
M7L7=>#^!X\H[O,LT:'YGI:W`MB^1S^70WYM3VE?#-,NCIA$PB81,(F$3")A$
MPB81,(F$3")A$PB81,(F$3")A$PB81?_T_?QA$PB81,(F$3")A$PB81,(F$3
M")A$PB81,(F$3")A$PB811YLS5M+VW6EZO=8I-^S/UJL7B?2C*0ST2=))"(?
M=)E&CHGAS^4FJ7ZBA3D$2C?M[F6UD$D+J'P'D*U>;Y/89W:.L\PA#F:CH<T^
MDTZCX#H((P6E3??:[>M(NEI(4U++0U5^AC;&+<P%:`J<I$6MA:$,J:)=B8Y2
M%4,(MUS"`$/UB*99;99C#>`-\V;T?)M\:X!Q+P?F/#SW2T,N6DX2`:-@>/FG
M57S3J-<!6/-BHBF$3")A$PB81,(F$3"+Z)*JH*$6044153'J352.9-0AO^L0
MY!`Q1_V@.4(K@="J'%I#FDAP4A1.X-L0(%+#;,OL:D3CANTMLZDU$`\P0`[4
M'WIE`**IA`#%$`$PB'CEAUK;/\^W8?T0MI!GF=6U!!FURP;!(^G56BSMGW4]
MPC$G0AM*Q'#H(GR\+&R)^E,."CYD@P='$XA^4;GJ,/M$<LG+;$Z;9OA'RK91
M\9<3QBC<XE//NN_:!457SNM[@5]GZ(=+;&>JN8ZQ7M9BNI"U@ZK55UK>Q,5S
MI'-""8HJ-7!RC]`<\AX@`A8DRVR$L`$`H2=9V$[5M+7C/B9UEF;W9JXO8UA!
MW(\*O`-.QL*EU?NR[B'"8I*;0FBE,("(H,H-LI]40$.%FT4DL4.0\>#!R'MR
M_P#AEB/_`*P\/E6M=QKQ0X4.<24Y`P>$-!6'2>^-U3`'*_VML!1,YC&.@C:Y
MEFV.)E"J\&;,G;=N)2'*`D#IX)Q]4`RZVRM&>;;,KS!8$W$F?SU$N=7)!U"1
MX'4"!Y-2C1_)R,HMZB3D'LBXXX\]^Z7>+<>'AYKA10_'A_3E]K6M%&M`'(M3
M)++,[>FE<]VTDD^%<+/I6TPB81,(F$3")A$PB8125J_4EZW!/EK])AU'RJ?E
MGDI);J;PT*V4$P`ZEI`Q3)-B&`AA(F'4LL)1!(AS!QF/<74-JS?F?38-9Y@M
MMD^29CGER+;+X"XCSG'!K!M<[5R#2=0)6ZS0';+2]&1X/$03L-Y>-_*E+8[;
ME(HD0Y0\V/@FYC*^ZXWG\K@PK./:H82@0A(E>YA+>.H>S"-#?E.T^)=_X:X1
ML.'8M]M)<Q<.U(1HVM8/FM\+M9T`64S7J6)A$PB81,(F$3")A$PB81,(F$3"
M)A$PB81,(F$3")A$PB81,(O_U/?QA$PB81,(F$3")A$PB81,(F$3")A$PB81
M,(F$3")A$PB81,(N.Z:-7S9PR?-F[QF[15;.FCI%-PV<MUB"FL@X06*=)9%5
M,PE,4P"4P#P(<94$M((-"%\O8R1CHY&!T;A0@BH(.D$'`@K7!OGL/CY<SVSZ
M6,WAY(XJ.'5%>K@C#O%!^N;X>D%S],.L<W/2V7$6G)@`BC<A0*.^LLY<VD=W
MBWTM?2-?.,>=<JXD^'$4YDO,@(CETF$FC3ZCCYI^B>SL+0*+5Q8ZS8*A+NX"
MT0TC`S+$W2ZCI-JJT<I\^)%`(J4/,15+XD4+U$4+XE$0'G)''(R5H?&\.8=8
M7'KJTNK&=]M>0.CG;I:X4/\`Z;#H.I='GVL9,(F$3")A$PB81,(F$3"*);O_
M`)D:5_MZZ?X!G,L2?:V_.?V2MG9_[#-_4C_U&J6LOK6)A$PB81,(F$3")A$P
MB81?VFFHLHFBBF=554Y$TDDR&.HHH<P%(FF0H"8YSF$````1$1RFC$Z%4`N(
M:T5<5?C1?8S;;F9G8MIB\I57,)%TH(I2$MLPE[0*JBJ4Y*ZU./M,X(9T(`(`
MB4#%5#2WF<115CMJ/DV_-'EZ,.74NE<.?#N]OS'=9SO6]GI#/XCN@^8.<;WT
M14%;9J;2:IKZ":UJFP;"`A6@<ILV*8E%542E(=T\<*&4=/WJQ2!YBZYU%3\!
MU&'C(S+-+.\R2O+GG;^6"[589?999;,M+"W;%;MU#6=I.DDZR22=964Y;68F
M$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81?_5]_&$3")A
M$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(HYV1J:@;9B!A[U
M76<NFF4P,GX`+:8BSF\?-C)5#H>M!$X`)B`84E>`!0AR^&7[>YGMG[\,A!V:
MCSA:K-<ERS.H.XS&U:\#0=#F^JX8CFT'6"M7>W^PF[U<SN8U<]&\P1!.J$(Z
M%!E;F2(<FZ"!^9C9T$R%$1,B+=<XB!2-S#XY([7.H9*,N1N/V_-\H\(Y5Q_/
M/AMF%F7SY/)[Q;:=PT$H'@:_HH3H#2J'2D5*0C]S%34:_B)-FH*3R.E&;A@_
M:*@`"*3EF[32<(*``_DF*`YN6N:]H<QP+3K&(7.)H9K>1\-Q$YDS30M<"TCG
M!H0N!GTK281,(F$3")A$PB811+=_\R-*_P!O73_`,YEB3[6WYS^R5L[/_89O
MZD?^HU2UE]:Q,(F$3")A$PB81,(OT`$1```1$1X``\1$1]@`'TB.%56MU)V=
M[<V@9O(/(T:)5U1*8TY:&R[=VX1$0Y/$U\?)DGXB40,0ZOIFRA?R5N?#-9=9
MK:VU6AV_)L'RG0/">13/).!<[SC=EDB]VLS\^0$$CZ+,''D)W6G4Y;4].]L&
MK=-%1?0\6,[:BIE!6VV`J+R334Z1!3W4B"8,X1(PF,`>00%A(/2HJIQSD;NL
MQN;NH>[=C]$:.G;T]2[)D7"&3Y"&R00]Y>4^T?0N_1&AG0*TP)*L3F"I2F$3
M")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$7_];W\81,
M(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(H[O^IM=
M;19`QO53BIX"$,FV>K(F;RS(I@-R#&89F;R;,O4;D2IJE(80#J`>,OP7,]L=
MZ&4M\1YQH6KS/)<KSB/N\QLF288$BCAS.%'#H-%K_P!D?AW`(K/M4W$"A]8Y
M:]<P-P'Y1A(UL$6U,/C^2FFLS_\`U+>T<W=OGNJYBZ6^0^7H7,\U^%WG29+?
M?H2_(]HZ@6\[E16^Z'VYK05E+A19M@P0$XFF6J!9:"Z"^(*'F8H[R/0`Y?K`
M551-3CGDH"`@&YAO;6XIW4P+MF@]1Q7.LRX<SO*=XWV72-C'SP-YGM-JT=)!
MY%$>92T:81,(F$3")A%$MW_S(TK_`&]=/\`SF6)/M;?G/[)6SL_]AF_J1_ZC
M5+67UK$PB81,(F$3"+,:AKV\WYWZ*EU.>LJX'!-48F-<NFS4P@`@+UZ4GHV)
M.!#ZRRB9?$/'Q#+4L\,`K+*UHY3^55GV.5YCF;^[L+*25WT6D@<YT#I(5U]<
M?A\W^;,W>['GHVE1XB4ZL3&F2L%B,`=)C(G4;J%@V0G`P@"A7#L2F`>4Q#CG
M47&>0,J+=A>[:<!Y?`%/\J^&.9W!;)FMRRWB]%O;?S8=@<^\[F6P76';-I[4
MXMW=>K",C.H<"%FLAB3,V50./SS519(C*+4\..6:#<1#D!YY'G1W&875S4/D
MHS8,!^?IJNG91PED62[K[6S#KD?Q).T_G%<&_HAJGW,)25,(F$3")A$PB81,
M(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3"+__7]_&$3")A$PB8
M1,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB_!`!`0$`$
M!#@0'Q`0'V@(?2`X10E=.W#25^\Q2PZ[@/6JB)CR<,@>NRAU1#@%EWT$I'K/
M#E^CSQ5+X<"`AX9F17]Y!01SNIL.(\-5'K_A7A_,JFZRN+O#\YHW'<Y+-TGI
MJJL6S\.JC/Q56IEZL==4,!C$:S;)C9&13^T$DSMS0+Q)$0#CDZBYR\\_6_)S
M8Q9[,W"6%KN;#RJ'7OPMRZ3>=89C+$=CP)!S8;AISDGG5=K%^'WN:+$YX*6I
MEG0`#BF1&2>Q,@<2^(%.WDX])BF*G/U>'1@YYYX#@1SX\\M'>>U[3S5'@-?`
MHM=?#+/H:FVGMYF\CBUW4YM/UE"LWVK=P<`8X/=76%R!.?K0AH^Q%,``!@$@
M0+V2,;D#!X<<\^''("`9;,RL7Z+EO34>.BT%QP;Q/;5[S)Y3ZFZ_]@N4:2&L
M]D1`F"6U]=XP2B(&"0JD\R$H@3S!`P.6"0@($'J_Z/',AMQ;O\V=AYG#RK4R
MY1FL%>^RRX9ZT;QXVK$'+-VS.5-VU<-3F+UE(Y050.8G(AU%*J4HB7D!#GV<
MAET$'0:K!>Q\9`>PM/***';O_F1I7^WKI_@&<RS)]K;\Y_9*V%G_`+#-_4C_
M`-1JEY))5=0B*":BRJ@]*:21#**'-_U2$(`F,/\`L`,O$TQ.A:T-+B&M!+BL
ME84>ZRO'NRGVF1YZN/05^6><]'Y?'IVBG/1SX_T9\.FA;YTK1SD++CR[,)OL
M;&9_,QQ\04AQ';?OB;$`9:HNJ75SP,K"N($@\!SSUS@1Q.!#V#SP/T9CNO[)
MFFY9T&OBJMI!PIQ)<?9Y+<#UF%G[>ZIDK_89OR7,G[S9U:JD,;A09JQH.SID
M`.1,!*VC/$.8?8`=0`)O:(!XYBOSJR9YI<[F'EHM];?#?B6>G?,AA'TW@_Z8
M>I_JOX<;(@IJW;93IP7DOFQ]5A4F@@4`^MY<O+KO0,)A'@.6(<<<^//`8,F?
M'1#;CG)^0>52:S^%<8H[,,V<?HQL`_6<3^PK0TWM`T#3#)+I4A"R/DN/Z[<'
M*UA\SCV"I%N1+`=7/CR#0H__`)9KI<TO9:@S;H^CAX=/A4OL.!N&K`M<W+Q+
M(-<I+_U3V/U58]BP8QC5%C&LFD>R;EZ$&;%NBT:H$Y$>E%N@1-),O(^PH`&8
M!<7$EQ)*E<<<<+&QQ1M;&-````Y@,%R\HOM,(F$3")A$PB81,(F$3")A$PB8
?1,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>24
<FILENAME>g36434g78f61.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g78f61.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0R(4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````S0```48````&`&<`-P`X
M`&8`-@`Q`````0`````````````````````````!``````````````%&````
MS0`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````">L````!````<````$8`
M``%0``!;X```"<\`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!&`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#N\7]CUWB,ZR][7,8SU7[H<?5IJ;6_8/YQS[-GO_P?_!I4T=/;5L'4
M;WUL>-VYX/NJ:VV'.-?M_08^[_P7Z=GJ(V&X/M`/36T,,Q:0!]$GTO:ZMCF_
MO?R-ZN_9,?\`[CU<EW`^D1M+OH_2VI*<JK'Z;D6UX=74L@W55L;Z7J0XMKBU
MKK:WL][GU6_I/;^GQ[?^(LKMW=%IN`#K\@!M?IMVV;2#`;ZGL`WOT_/_`$7O
MM_1^G=8K3<6AMC;&T5BQD[7@`$;HW[7;?SMK467^`^__`&)*:+.C4L<7?:+W
M!VNQSP6AT[O48W;[+-W^OII,Z.QE7I?:LAPAC9>\//Z-_JLW.>QSG_Z-^_\`
MP:O2_P`!]_\`L2E_@/O_`-B2G-'0*0]KQEY8>W\[U9)_FMKG;FGW-^S_`/7/
M4N];U?44J>BLIL%C<K)<0YS@'O#A[FOJV'<SWUL]3>QC_P#"+0E_@/O_`-B4
MO\!]_P#L24T<;H[<>QCVY62_8[=#[`[=+75[+/;[Z_=O97^9;^E^FFJZ*RLM
M/VK)<6N:_5X@ECO4VEK6-;Z;_HOK_P!'[/\`!4^G?E_@/O\`]B4O\!]_^Q)3
M))1E_@/O_P!B=K@YH<.")^])2Z2222G_T/4W\?,?E4E4;A.9D&_U['-,CTG.
M);J?,_FJJ_ZP=+'\V^RX_P`AKX_[<L].K_IH@$[(,HQW(#JI++JZADY;B,*J
MIVT`N]7(AS9\:\9F2W_P5'^S]3?&_+94.XIJ]P_ZYD/O;_X"E7=`F#L"?Y?U
MD4]<#)#:W.``#7.`EWN-CMS6NVX_NVU_X?TZO]):IVW9V/CM-EE(>UQ#W6G:
M',W#:\'=6W?Z/T_^$63UIN1CY#*OM>0]KF;C-FW62W_M.*52Q7&O(J+(!-C`
M7%K7.,N'-EC76?\`31$?%CEFHUPN]5U<&W^<KR:CNTQFV6N:-SO1_F6W,?OK
MV>I_->G8EF]4S&8K[<;#L`:)]6XL8T?];W^O_P"!K2VCQ/WE4^L-`Z9D<_0\
M3XA`5>R^7%PG7H=A_P"C.+^WNL'\ZAO]ASC_`-6Q;/1<G(R<,V9#_4LWN&X-
M#=!P-K5S"Z+ZO@'I_?\`G'\'S3I`4PX92,]23HZ9X4:OYIG]4?D3EHCD_>4U
M7\TS^J/R)C99I)))*?_1],9GXMM_V=CR;=3M+7#Z)VN^DW^2Y<BWZ(7:N`YC
M61JN*;]$)\.K!S'Z/U=CZN&+\B?W&?E<MW>//[BL+ZM_S^1_49^5ZWTV6Z_#
M\@^KSOUB,YM?_%?]^<LZC^?J_P",9_U35H_6+^FU_P#%?]^<LZC^D4_\8S_J
MFIXV:^3^</F]CN'G]Q5/K#@>F9'/T/`^(5Y4NL?\F9']3^(3!N&U/Y9>1>67
M1?5\@=/U_P!(_LN=6UTJZZGIH-7IR;+!^D.T$@;A[I'M]NZQWZ3V?X).ELU\
M'S_1VB\1W^XIJOYIG]4?D5''RNHV6"NS[-N:8N96\N('\CZ+OY?Z1BD<O-9N
M8S#=8RO8&/#Q[P1[BQO[S?Y:8VK_`!;Z2IT9F998QMF&^IKYW/+FD-C=R&^[
MW;5<24__TO3C]K^T&=GV;MSOGV_V?IKCV_1"[5Q&@G4ZQ\"%Q+2-HU3X=6OS
M'Z/U='I&?B8-EK\FT5"QK0R03)!=N@,6F?K%TWM9:X>+<;((^]M2P\1T.?!C
M03!\T=SO:=>R1&JL>3AB!3'K>?7=E5O95D$>G&M%C/SC^;:UBHU9);;6[T+R
M&O:3[`.'`_GO:M3KI'VC'G_0-_*5G-(W-U'(_*B-EDR.,Z=7?_YP\Q@Y'S-`
M_P#=DH&=U3*RNGY`KP7A@;#G.MJ$=_S7O54D2K#"/V3G?`)M,ON$@@UL7$WY
M1XH:/ZUO_D*WJ_AYF:W#^SNQL=[-[C+KK`?<-KOH8_[KOWE4D>(5K&(]+GN4
MXC1AA*C8H-K%OR79U3OL^-67W;W/:^USI>/3L<W<QC?H?F_S:OY>-9Z0L:Z^
MSU75@5500S3;N]SZMK6_3^G_`#OIO]ZH89'VNG^N$:F[%=U3(I9U*UV2TUAV
M##BRH[)#&M8&.VN;^E=^D_KII#8A(RWUU^QCCOZC8R;#U#0`O#ZZF`[3Z=K6
M!CO5W6OKW_2_FW_H;'_35WI'VLFPWOR"S:P-;DL8UT^YKW;J#L=NV;_Y&_\`
M<]+97HLQBVEPZI=:S>UK7'\]WJ,]C]C&LV[OT/T/YN[_`(I,;&>N)ZVX%WZ-
ME<5<D[&^WT_=9ZCF-_\``_STUD?_T_3K/LOVJO?_`$C:[9S]'\_^0@_Y&_[K
M?]!?,22(0?I]7Z-<_(W7''9T\C])Z(=`X_HWJN8Y_L=]*W;_`,'_`,*^G2_R
M7&OH>?T%\P))?:C['Z@N_9LM]?T=T>W?MG;_`"=WYJJ93L4/K&(W#(,^H;-F
MG&R-KF.7S4DE]JCOT?IC%-)+_M8Q`/;L]/;/'Z3=N<[\]61^S_3?'H^E_A(V
M[?[?YJ^7DDE?8_3=AZ2*W&L8Q>`=H/IZF/:J=;KM]7MZ?Z6X>M$!VV/TGIPY
M[=^Y?."27VJ'^"_4#?V;N&WT=TZ1MF?),_\`96^[U/L^_3[1NV3_`"/6G_H[
MU\P)()'\J?J+]1]7_!>MM'[N[;+=G\K9OV;5`?LO>8]#?N$_1G=[=O\`:^@O
MF!))+__9`#A"24T$(0``````50````$!````#P!!`&0`;P!B`&4`(`!0`&@`
M;P!T`&\`<P!H`&\`<````!,`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O
M`'``(``V`"X`,`````$`.$))300&```````'``@``0`!`0#_[@`.061O8F4`
M9$`````!_]L`A``!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`@("`@("`@("`@(#`P,#`P,#`P,#`0$!`0$!`0$!`0$"`@$"
M`@,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P/_P``1"`#-`48#`1$``A$!`Q$!_]T`!``I_\0`W``!``(#`0$!`0$`
M``````````8(!PD*!00#`0(!`0`"`@,!```````````````!!@0%`P<(`A``
M``8"`0$#!0D+"`8)!0$``0(#!`4&``<($1(3%B$4%1<)(I1VUC=7E]<8,4%1
M5'6U5I:VMS@C=+34)34V&6$R0K,D)[(S-)75)H;&1W&!@T5&*!$``0($``4+
M$`<%!P4```````$"$0,$!2$QL1(&05%A<8&AT7(T%0>1P3*BLL+2$S-3<[-T
M-18V(F*2%%15%_!"4H)#X2-C@\-$1?&3HR4F_]H`#`,!``(1`Q$`/P#>U&<C
M.3U/O=6JEROEYGJ'O+V@O.M/4UZ:N7@!4Z[HN^\V]=3/&FTOFA.A*Y%QVNZS
M9ZGYVH/G`)235,")Q#8IH/N"+U"::9O#'8GL]-MW8-T^DMP5OAS';A].:H]I
M!R*W1L9G?H/3%DGU;+>*B[DZ<GIURC;%DE74&Q4D8AZ[,=JZ(9-BW!01JEWM
M]^DM9<)8GPCMV9UP^=.=2/7NR]J;$VW88XB$Y<:O,6J&V-NQU+VO8^J:->&)
MW4&ZMB+L/"+>2*Y;=T""90DC5Q&LVV\L^2-SUIKV@<:1V[:MDZ>LFXN0=[2U
M]LN`Y!PMKI^G'A8[5>FXW>S@M3EMM:&W-?)A[%EGG[5:S*!4W[)\FHLW6$\'
MU!-4N=KSFIKW8$%SY7AN05<].34M&7KC/4I38$)'WI#6]J]FYQ5V]7G^OZDY
MEPG21*]JL4U+@+)$Z19%5ZIVA.540$0Q8"NU?W&+SBC69BM\D=4P5RGYO0)[
MW*N_:'\B=T5B>:O*C;)A_5-Q;;=1"=CX*M[_`#K86:4Y`IJ(N9WS2(4.J*K9
M$X:N(LBIR>O$9[-EUL&DK7&:W7>)ZZ:$T?Z2M=<VO-2^U;?N2SZBUQ(4[8,.
MWK43N.BT\RB<G$V-P5DZL-7ARR,BJ5TLZ7QJ"'TM@J=`\A^6:4OH*DU6=VG/
M[:XCS?+J,W5IV^&8(7OD_K/5YM#3^LD+DW0>2+-;:%UXT[?93<+)$7606O!!
M2.N+=1X("8)AUB&T'DW&WFCWFZ[!Y7;*IEO#@%J/;G&9%#<]RJ5EM.T+5O7V
M@3`)*O:45G6L=O&X2[2@4J,&"EJ_/JJE;LV(-`,OW:@0V-4V>;^O\BPF.+<;
MR"V!)\>],7&@;#F=U7&!V%(:CC&V](F'U>IKG4\]MV(DXF2I-9G&4[=9)([>
M8BU9&2K3)GYRJ18[1W)\IJPQE#(2P<IMWVJX4ZCSVYKC.,..=A=\<MAEWM8]
M)03!!SR:Y.T70W(?:U:@WL%$[/;V7752K+]T9U6YY&=CF(.O1YR2`H'@G`3*
MK[ADB7_F$E:]SU1795%MW)B%I#)QSEVS`[!8#7-3.UX%M5^%9&_JO?0[!<Z[
MIB[.\.X;`7SY,GG#5,0#6,6/]_;]T75F$6P#:49LG??"FM(Z+K<_OJW\DU=G
M<C-D;!U9K6'V-`)[,G0E*!)ZS7V4VEI*&:JH0\A&O#J&6;C'&.83!-\RI#7"
MYWKC_KZG;"NW(>N[HX_<W]1<4+^_=[=V5JW8-RU9>]R:_7IMDV-'ZPO\3%SM
MCV9QTO$$NZEE#O%T91=\9D[35!0P"-5=H\6[[4Y05CD@X8Z;N=]ND;I+=7)R
M;<Z1DK'*60=RZIU9HO@VH]U,G)61[)22]M2B]EV"6K3MRNHJI;5$A=*BD[=G
M,&`A=,Y+6"ZZ1C[_`+1WUL6K1;WB_$[)XRNDMKSFEY#:E^F-P[O;;%L19QQ%
MK.]J["UM2(6HEC:!*,Y=H9)V4J\2X4D4SM!,,.(M%R:WQ(36L/9V7Q>\L:75
MMYR+:Q74UUY)W+B#79QE.\7;O?XF/MNV]4-)&8@E4+(DU<HL6J2C5V_130$0
M3-V@$(F,PO<]^S47R/TY`T'>]J7XC21N-<=RYO5.VW.;GHFEMI2!)8='Z^IG
M(NRS+2X.*QR$LZ,/&WF2%OWQ8PT2Y>$CCVERY`(8,6$A<_.\J$^*')GD-4+3
MMNGH4;4WM0)BV[,L_(2UVYI;%*,ION"TDSU/JQ]8[+&ZOG-=V2O1CM&58MJ\
MHW:PID0!T#P>P)P11"<W+8^U%U./+?B1MNC3NP4=^VVP3E#H/.G9W,ZG[5@*
M3QVVE>DM07NX;;CF#W7Z.S/#+I@R*DU,VCI$&TL4RBK42$$)##%#!DORYOMP
MTE2-UI;PGJ_#3MAY_6JNZYV)N:V<6-FR$5&\V=RU_5C_`%7:Y:`G*+MO;6EZ
M'`Q\*GJ6W-U8?S-1JFNB7O4L$PPP@6?T-O`+)N;?S^T[4:L;C#;+W6THU9G.
M7.V7^[8"-9ZV2?U^#B/9XL62^KKHYA2.UU6[0KA9=1PF99%(SA!+!"ZAD#V=
MVY+#99G:%0L6V(C:9ZWJO7%J>;/I_(*3Y#Z<DIAZXN#>5M\P2[L(38O'[95C
M3;HK36OEGJT!&H,"J18M0\X[P%38*KZVY$L[V>D68_,6P.>'MMV+KVH;%V3)
M[V9U[9"DI"Z*Y-V-_NRXS-<N#J=XGZPY.[6BJP%;JQWD"FW4K!&9&;`LX>*6
M$PV,(U9RAY%H>KJWWNP;2NO)9C)Z+4K_`!@B9(D'-[MXU2'!&`VEL6[GTVX6
MB*XE:;+O-:RE/8'35BYA[%"LX05FB*IHYV"HFX7`X:<C^0DQ7][DV+JS>N]+
MI"\D;/$/D:W#ZMU[&ZSCWFJM,V]"@1,?NW8FF)%Q5H.;MDBWB#)I/I%1DW*X
MDA27<IF7$*B8"LNWN2ENE=C[]]4/(RP1<KK=M.Q/("#F-@U%.;IT/.W'5C6<
MINH-*Q5RN:$3/\1M2+6&3M.P(QHBV=S/5)-Q+F*N6(!-2*$&F>0VQVM@W`QK
M6^[R[I-+6FU/9U2J6S)::2Y+WY+;M3B9RDN+&ZEGSWDA'U:?=DJ35M,N)8AX
M62</1,LL@24;"<&#`71X?[AV7<^4&QJUL>9FWEB7;\H'%@J<1ME6V5G7+'6?
M)F,H.IX?86IWE,:,]06>P:QD&[JGN824(A;X1"5DY-.2<>9/6XA4P&US)/D8
M`P!@#`&`,`8`P!@#`&`?_]#OXP!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!
M@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`_]'IMOG+CDN[@V=YUV4L
MG4G5KY8/I:&UQ2J;L_:%#JFF=R^IS45DLFI)J\TN\V[2M@1I$W(VQS6$Y*TH
MRDFV9,`122[9H/J"'HT;E-N_8CWDA>X6TV^0H>M#VIS09&J:RH*ND9"(8<6J
M+N"!=S=JL;E#:I5I*QVPRB28-2"*:K1%0"`982@J(D#+?`7D]LSE(KL2Q[(4
M)KU[3H;5D.RT')U="&O3!C:Z!"7AIO*Y2:CE\#N,W`:76-7F,2<(Z*8,56KQ
M1:83?-X\%2!1>=Y[\J:5I&=V_*24R1&R:!YT6"IREZU32HS71-PZ(UELG:.I
M8/6TW4IE:P3CIY6M53K]ZSL+0K5Y&Q#PQ7"+A-!%T)@A?+8W)79]:XW^T\V;
M%NH8EIXJ_:`]4BJT0BLR9^KKBU1]L5KTZS%0"3?=6^><'6[8E[U`2I#T`O7)
M/F&%$))S5Y.77C2>HSU8BXZ>B_5?R=OD[`R"7=DE7FH-3FNM:2<2Y#><0D(C
M*D$\DX2*HHFQ*H<I#"0"B")$K7R?Y"\ON.[2-U[3-C:LW-M3:D#I>?UW8Y/7
MR-0J]0M%EYG\4N.<]7K/'PUIG%#ZXVA#\CE3UI8YE):."O29U'\B<J9D()1$
M4]C0'/>U[KWO"-FZ:,;K6U;Z?<:'.N96):(7?66U(_AP?D9:JY;9-J)S'L6M
M;OJ&ZUR22`PMEE7:)TA.FBBH<%3`;;<D^1@#`&`,`8`P!@#`&`,`8`P!@#`&
M`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`/__2[7%>'O'N58RL5=-<UO9,2]V!
MM#8D3&;"@*Y8V]2?[IG#VS:E>K:JD*W>DIU[N;MY+R<<]5>IO'KU0JHG;I-4
M&XF*GO*\5^.BUCEK:;3=#)89XXJ34BA"(-AE3F@&M5,9^V;BDS==:TQ08>[3
M$/-42)_ZI2@`177,A1&K]=P%EC[C"4NN1-JBJ''ZOCY^/BVS64:Z[B'_`*4B
M:6F[1(14:Y%2(F7;-1$4FZBBADP**A^T(,3MN'/%=H2<21T#JT4;'!W*LS""
M]3C':#J`V)'R$3?(E-!TBLBS97"*EG361(@5/SMLY524[1%#E$3%=<]>;XL\
M=K)/72S3VG:++3FQV-AC+\^>PJ*PW)A;:>IK^S-;*W,/FLPE.TE48MSWY#BJ
MRZ)&]R```177/;JW'W2E)4CUJOK.IQ*T4YFWD8LE&D758.;+$MX&P*-%'9G!
MT/3,,T3:N0*(%61(!3`(8$5/-K'&'CI2HY]$4_1^K:O&24Y0[(]8P%)@(ENO
M,:KM+*[ZQ<"FQ8H`1#75NCD9&";E[+>)=$`[5-(1'J$5US^%XY:I;[:C-RQE
M>;0=K93-JMTDWA&,+&1-JV':JA`:[4V7:P;Q02\Q>877<(K!,70O")$C9)V1
M9)90R"B`1U#.N"!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@
M#`&`,`8`P!@#`/_3ZJK-S#Y!5RZV6F-X73UH>.;'4J%YU7(6YOZUQSV+M'DC
MJS36K*5N2[LKC(0.T+9-Z[V*^MSZ)B"U5[&C`$8.>X+-QCX8/J!'9SFWR'CU
M>1U<80NFEK/PQH&T=E[@E7]9O[*M[CB:<J:=J5=U@W/=`'6,A8J0Q=>E9!Z_
MN2,'+BDCYJ[2,8X!!,!LW3NYGJC@L+4K3.)-/,2.G#4*Y&E;.7\3'3B3-9K9
M+'!R)'2<=+-SJ`*'9(8_8$>V4Y2R0?MXHF_FYN?O[7OQ\P-T>*)OYN;G[^U[
M\?,#='BB;^;FY^_M>_'S`W1XHF_FYN?O[7OQ\P-T>*)OYN;G[^U[\?,#='BB
M;^;FY^_M>_'S`W1XHF_FYN?O[7OQ\P-T>*)OYN;G[^U[\?,#='BB;^;FY^_M
M>_'S`W1XHF_FYN?O[7OQ\P-T>*)OYN;G[^U[\?,#='BB;^;FY^_M>_'S`W1X
MHF_FYN?O[7OQ\P-T>*)OYN;G[^U[\?,#='BB;^;FY^_M>_'S`W1XHF_FYN?O
M[7OQ\P-T>*)OYN;G[^U[\?,#='BB;^;FY^_M>_'S`W1XHF_FYN?O[7OQ\P-T
M>*)OYN;G[^U[\?,#='BB;^;FY^_M>_'S`W1XHF_FYN?O[7OQ\P-T>*)OYN;G
M[^U[\?,#='BB;^;FY^_M>_'S`W1XHF_FYN?O[7OQ\P-T>*)OYN;G[^U[\?,#
M='BB;^;FY^_M>_'S`W1XHF_FYN?O[7OQ\P-T>*)OYN;G[^U[\?,#=)'$R;6:
MBHR88B<S*6CV<FS,H04U#-7[9-TW%1,>HD.*2H=0^\/DP0>A@#`&`,`8`P!@
M#`/_U.U&#X8<?J]`V2JL(383BKVIU(2<G69W?6_;17FE@DKXSV@I<*U"679T
MO%TR^,MB,$IIC/PZ3&:C9$HK-'2)S&$1,3^/^%/&B4B(Z$D-=NW;%D6V)29E
M;]LH9&]LKY/MK3=HG;LT%Q"9W5`VV?:)N9*/MSB;9/3%Z*I'((E$(J9UJ_\`
M?>QOAFQ_=[0\#6)G@@8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`
M,`8`P!@#`(9KGY/:'\#*O^9&."5QJ3/!`P!@#`&`,`8`P#__U>_C`&`0RK_W
MWL;X9L?W>T/!.L3/!`P!@#`&`,`8`P"&[`V'2=5U*5O6P[+&5.IPWF1'\S*K
M&31!U)OVL3$1K1!(BKN3F9R8?(,F#%LFL\?O7"3=NFHLH0A@,1O>6W'J*U5=
M]U3FQ$:UKO6DLQ@-AR=JK=PJLW2)Z4<5]K%P=JI%BKT9>H*9E%;7&"V:N8U-
M=PF_043(8BI#")@N(EFR-^ZFU,Z@(^[VH[65L\?*S4)"P->M%WGG5<@`8C8;
M<K!4>$L<PQI5<+*-ADIMP@E$QX.$A<.$@4)U$0(19.8/'RKOD63BXS=A25UE
M4-T+3FN]:;3VK4(O4M^6MB5+V-/W?65*MM.KE.LI:+,+-'[]\V;JM8UPX`W<
M)BI@F"EBXN3CIN,CIF'?-)2(EV+23BY-@X2=L9&.?MTW3%\R=(&.BY:.VRI5
M$U"")3D,`@(@.""`2NZ=1P<)<++,;+I$;`:_LZ=(NDP[LL4C'UNZK)PIV].E
M')G/=H6IT:R1Z2,=U%XJX>HHD3,JH4@A`DD/>:78:BWV!`VZLS-$=Q*T\UN<
M7.QCZJKP;=)59S,)6!LZ4BC1C9)`YE%P5[M,"&$PAV1Z`1B-W;I^8G:36(O9
MU%?639-497F@P#>SQ"DS<*A)QTA,1=BKT:#KSR3BY6(AWSMJJD0P.6T>\52[
M:;1R9(">PLS%6*(BY^"?MI6$FX]I*Q$HR4!=E)QD@@1TPD&3@ON'+)ZU5*JD
MH41(HF8#%$2B`X!Z>`,`@M]V71M81S.6O=@;UV.D'OHYFZ<MWSDB[T4%G/<%
M*P:NU"F[A`YNIB@7H7[O7.:33SJARMDLSG(D=3KFNN5VMUHE2Y]RJ4E2G.S4
M5458K!5A]%%U$4Q7]KCCI\Y\5_W78_\`P;,GFNO_``Z]5.$TWQOHM^;L^S,\
M`?:XXZ?.?%?]UV/_`,&QS77_`(=>JG"/C?1;\W9]F9X!X3_F_P`48OJ$ANNJ
MM#!U_DE49L%AZ=>O90"*%8W00^\4<Y&V:Z/[&C>O4X3&F](>A<GRND$EJ[*/
MCU,V)AVX>U#XB5;O"1MMLM[<IIB86U-ITP)CJ?[+=)W:25>-65.'3H)5Q3#K
MT$P"`@&;)T9NTWLI36)]9R=[G+O&AKNF'0>CBDJNG5+D3%*E.ZD9GBVKU8;)
M?^+DFDS&1TNP4%5C*L6DDR5$IB"HT?-TW3902&`#$$Z*I1Z#Y0ZYH7-5CG,=
MV2+!=P[-DS63Y,J?+6,M[4<FTJ13>/NSY.08`P!@$,US\GM#^!E7_,C'!*XU
M)G@@8`P!@#`&`,`8!__6[^,`8!#*O_?>QOAFQ_=[0\$ZQ,\$#`&`,`8`P!@#
M`*Q<IM9W+8-:UC.T&.96.T:9W=K[<[*BRDR2OQM_:U09:,EJTK,+H.63&60B
M;$O*0QW12L_3\:Q!PJ@B)W"0E"M>T]0\D.45DK$59Z+1M&ZB/?'6PY=G8HZL
M;&N\^PU[2V]9I%-W=$5F_KU.Q+VFZWI[/QC2'?/V,&WIC0[J14<OBL4PC`@6
MK]&<K-/^AIB5CKC=YUOQPJ?$HEMUM:-/-MGU]OQWW1MAQK'=3)ENIW,:P<QW
M(+5ERC7EN3<I/YF(?QB"2,>Y.)C(02JHI'*'PUY:2K79JEXW#8=/VFS\&]+Z
M'&8T<WT`V@;5L*E;'YMR;QBLQ>:41&M1=3K&WZT=D\KL?3P7-).!+V5VX>:!
M%-37-B/'FHNJ;2:W#2>L0UO,QNLM/0,N@RFHN2@57]<H4?$N*Y`LXZQ3_H]C
M1%D#1H'-V4W($*HDJY)_*C)"E$I7A;::[%6AK1Z#X;HE8Y^*<CZ_JG2]AJVK
M9>ZZE?<8F&FW\/1)2.D:K#T&S(7.;=3#?K)5YT"\5WB,@R760=!!,<A977^I
M;G/\;9O1.^=;P-P)+5Z^RR3:TC2KC7ED[#L^^635]!MJ+@5R6C8VNJF6NFG+
M$JT,SE;`FI((NEES**!)$<,4,71_#AVYT9QP@'=4;LMQU;2&H=:[`D7]XLP4
M*-4UOJ*>K+IM.U*L6IE!6Z4D%;-+5EM,-VJ[^,8S2DBW7%>-C2E".$LMQ]DM
MOPFNI5WR0<L("2;6($Z\I..J#'R;6L)U6L`^3L"U"7"B)$+?4YX88&A^^"L!
M&^?=)$'@!]-:YZYK&JKMC"<4Z=)D,69.FM9+35<J(G56!\5PYI\4Z+V@G][:
M_443[8*-ZW*FNSI(R?7MIK-*6A/NDE0$.G8,0#B/D`,V,FS72?Y.AF;J9O=0
M*G7:?Z%VZ/WG2.E54U);O&JFVDI'JB[$(E:9;VJ>AUWGHC6])W!M:94[0-6U
M7IZ3=LL8!$"%/Z1DD9HG?``B7L1ZGD`>O0?(.Q9HO7(F?43I,IGUG<"0WRI3
M^F;1MTSQ%IM]=6SUQ)+E(B+]IR/P[#%*@<LN27([<-+K*;OBI9-25=M9_.8V
M8V!(/TGLI(^BY!)-`(^4B*<JW0%H=53W(+`<"@)3^4`':VRVVVDG3/\`VK9L
MS-PHQ$P)%-5%<4;372S2N^T%(C]"YM#1I.BUTYSHN=FN2&:YLI42$5U8ZBE!
M_16XI;H+RP0E?0/U[:+!`J[@G^@#"U6'R?Z'(9NL^A9V,ISEV?VZQUMXB_3_
M`"E5+E-UFI%<B]T/5,O(=/$EVLDP`@/;236%NCT-_L%(Z5D2E3\OE``#K_HQ
M]]1ODJ=K?VW!S(Z;RNXSIF[!-_./=8:HHS#LCZ'\]4*'3O'[ITX[7W?*9'O2
M-1'_`/'G&ZMJ'?OP380R95DMLN']QG+]957>C#>)FQA8>,``C8J-8=/)U9LF
MS8?_`*B9%,AA$?OB/E'.!TR8_LWJNVIL)=/(D^2DL;M(B9#ITHW^":?\%J_^
M:6F=>3O+3>,N4]=6[W?0^A9W*$ISB,P8`P!@$,US\GM#^!E7_,C'!*XU)G@@
M8`P!@#`&`,`8!__7[^,`8!#*O_?>QOAFQ_=[0\$ZQ,\$#`&`,`8`P!@#`&`,
M`8!"+;LO7%!2%:\W^E4Q(.G\I:K3!U\O4Q0.4`&6?-.T8Y1Z@`>4>ODSFE4U
M1/6$B0]Z_5:JY$-?6W>U6U,ZXW.GIT_Q)C&=TJ%5[C[1CB!3>\24VPVLCU,Q
MR@RIT%8+%WO=]H#&3DVD:6!$HF*`%$78=KM`(=2]1#:2='KM.@J4JM3ZRHF]
M&.\4ROZ5-!J"*+>DFS$U)3'O[9&YG;;QA4?:9>,A,GHGBSOK;!N\[E)T,+Z(
MC3F$P%*L9W76E[%!H(&`_;6*EV2#U.!/+TS?AOQ/+KG(E;L5W\TK_P"KGW^*
M:.:&W*M7%',S6[<6).@FK%88,<#^>M?VGFQ_)4>/NK]/Q+E3NTY6]S:4E,-.
MO^V9L:QE<@FD4P"83PANT/3L_<,&/NNC5/Y6OFSGIJ-2"9.^'/72_=>0Z,4=
M#(5>RG/1SDW/&1P;,K:U0'%WGYL(2CM/FJE2VYE!.HRU!`N6:B:(]@0;H2,0
MUUB[*<2AV0.H*PD'W7\IY0%SG8:?DMFSU_Q%ZRYX^#^DRZ0YYZ0$IVQQ4K%3
M!K(YJ4Z[JQALGW1GLKM,/W2,KM/9&YMM3)3&%9>Q6Q!HQ6[?=BIV4T6#F=2,
MJ8GNA])&Z@`?<$.H_+M**QJ*REIY,IFPW#EAO'))Z&K!,>V=>;M7UM1JJ^8B
M(O4:K_\`R%D:;P?XG47NC0FBZ.[51[(D<6IDYO"X*%\H+`I<W4]V%0-[H!+V
M>R/E+TZ!FNG7JZSXY]<]$^K]'N8%LH.CS0JVYJT^CE.YR:LQ%G+M_P!ZK\/[
M(67B(.%K[,D=`Q$7"1Z?_5L8B/:1K-/H`![AJR210+Y`Z>0N:U[WS'9TQZN=
MKJL5+;(IZ>EEI*II#)<I-1K4:G41$0H7[1;Y,*/\/2_L],YNK%RF=Q.NAUOT
MI>Y[?[3WCS3[EI.C!@#`&`=,-&_P33_@M7_S2TSK^=Y:;QERGK6W>[Z'T+.Y
M0E.<1F#`&`,`AFN?D]H?P,J_YD8X)7&I,\$#`&`,`8`P!@#`/__0ZD]FMK_#
M;#Y]14ER$V/7*Z^K'#2;@;M:E[22!U%!V[:>TF=T@ZB?2$?1IZFU%K6V9&SV
M<(Y2>QC4XRDW+^;MEWB<'UK8"J]KV+;'M.V,A*WC9\>TINCMTQ7"K8&OMO;R
ME8/DER7C+:X<5VZ:U5O-^OUDV'8)1PXKT?6*W,SUJ8N&Q)\K$'T$==PH!NQK
M[>[+R]X.TEJM%J^(X@)-JXKTM/)A*^KNBB\,Q?IV>MF&/[0@5(JC;O.A1,8?
M==DLD:Q*?,=A?I13/U#F_K&P,`\QV%^E%,_4.;^L;`P#S'87Z44S]0YOZQL#
M`/,=A?I13/U#F_K&P,`\QV%^E%,_4.;^L;`P'^3M-@)E,<]JI1"$*)SG/19H
MI2%*`B8QC#L<`*4H!U$1^Y@A51$55Q&#[ER,UYK_`+XEOY(:$AW3<W96C18*
M/9DAO)U#T)&[0>2X].T'7H@/3KY<S9-MN%1#Q5',5%U<U43JK@WRNU^EVBUL
MSDKK_2,>F-OC6J_[#55V\56M?M/])P*QFM?OBVQ7G>=R@WINC[6EYRN/0"IH
MJ6[9E5!4O>#V>T0#@;IU+V@Z".TE:,768D9C62T^LY.]SBFUO3)H53.5E+.J
M:J9&")*E+A78\;XO>CL1(F3F[S.O2@$TYQ#G9)D<Z8HS]ZI]IK,<LF<P="$!
M:RMHD3F3'J)BR9P3`0$P"`@(\W,=ND8:R]2T76;!5RJO:F!^HVE5RBE@Z.ZQ
MS5Q/G*K&]3,:U=F$P\'<.P?:@L*++7>R$U%HV!CWL8BHQKIHR>L@$?OTV3=-
M)99UL2/5'O%B=\8%T.H>4@`'4N9%+(T96<V3+\=/>J+CBB8$C]1<IJ+[<^F"
M7;IUPJTH;=3-<U(,S7S/I+!,*K/:N-(X4V-8H#8[7R)OW>!?^1VS95LNH*JT
M1%3<E"PYCCUZF",CGS2)Z@`]"AYH`$`1`/((YNY;;?(Y/;92+KJB*O55([YU
MI55FE-SCSGI75O8JX6M>YC?LM5&[7T<!CMKJ"FI*G7>HR,PX44,JJO)R*YU%
MEE#"=1546GF@*G.<1$1-UZB/EZYSK73U2#51J;"<,35LL5O:JNF-?,<JQ57.
M7"NNL(&<Z=9WFO\`NSTZ)I<&Y2,0Q)%OKR@K2_:3[/=B:9=UIQ*G[LQ`,7M+
M#T-U,'E$1'`G,^\1\=,>Y-;/=#J1@6*@JWVR"T$BGEO3]Y)$E7?;66KM\S4'
M+?D44`*79TH!0````BJV```>0```A>@``9A\UT'X=.JO"6#XVTI_-W_9E^`;
M=-'2^T+CJ6B6>2M]:=/IJ#2>.7$E2Y!T^55,NN03.7$?=(=FJIT('E3;(EZ?
M[/WQJ=;+9*JY\N6D&([`AWWHU53ZVPVNKJIBOJ)DI%<[`D5BN'`B(96\QV%^
ME%,_4.;^L;,4WN`>8["_2BF?J'-_6-@8!YCL+]**9^H<W]8V!@'F.POTHIGZ
MAS?UC8&`H9[0!O9T=;4PTY,0,BW&\%!%*)KDA#+$6]`S`]XHN\M4\15+L`(=
M@$R#U$![7DZ#O+%RF=Q.NAUATI^Y[?[3WCS4WEI.C!@#`&`=&-+97X:=4Q1L
MM031&LP(I$5H\TJH1,8MKV"**EV$B50Y2]`$P$(!A\O9#[F=?3O+3>,N4]:V
MZ'-]#Z%G<H2;S'87Z44S]0YOZQLXS-P#S'87Z44S]0YOZQL#`/,=A?I13/U#
MF_K&P,`\QV%^E%,_4.;^L;`P#7/R>T/X&5?\R,<!<:DSP0,`8`P!@#`&`,`_
M_]'OXP!@$,J_]][&^&;']WM#P3K'M3EBK]89'DK).PU>CDP,*DA.2;*)9)@0
M.T83NGZ[=`H%+Y1ZF\@9]LES)KLV6Q7.UD157>,>HJJ6CEK.JZF7*E)^\]R-
M3JN5$*S7+G1Q*HW>EF=Y4Q\LEV@%"I+/KRJ90/)W(#364ZD103>Y'MF*4H_Z
MPE`!$-E)LEUGPS*)Z)]:#>Z5"HU_2-H3;LY)^D5.YR:DM5G;G]TC]_=*YOO:
MFZFEW:\5J35.Z]NS"11%)&OU1%JQ6]T`%ZG*]DIU$IO*/48[\'_VV#=&*MB(
M^KJI,IFR[#D1-\JLSIDLD][I-DLMPKIZ:C):(B[[GI]@^,>3'M!]B]KU7\,X
M^A-54R=A]MRPJI+M4S]V`N%&,L^UH\,J`&$02*W6.F(^Z*<"FZ_7-M@I^4WA
M9BZTM.NB/RG'\6])]UCS/H$VF8J8ZE^%-F#ED+'8S55-5%@H'3GM-=C`(73D
MEKC4\0[*F*D7KR!3?2[/W("<"O4JW&OR*%Z]/Y.;.41`>@@'01??-&Z?R-NF
M37IJO6"+N15.U',/2[=?>&EE)12'?NR&1<F[XMJ]2:I_0]F+'7`PK[TY,[XV
MXX.8BBQ%ILD3'K*)B`I@9G/KWI=)!(0]P1-<G=@``40`.F/B5TG!0VV1*3:B
MN]FY"?TAE5RYVD>EURKG:L7YK5W'K.6":B(J0U#.-.]G=Q`IG84;ZAC[`\*4
MI3O+C,V"S]]V>O03QLG**P1#>Z'KW;0G7[_7H'3!G:07:=@6K5J?51&[Z)'?
M+#0=%N@U!!6V-LV9KS7/F1_E<[,ZC4+4U;7U!HR/F])I%0IR`IE2[BK5J%KR
M/=%ZB5/NXEDT)W91'R!TZ!FLFU$^>L9T][U^LJKE4N=':[;;FYMOMTB0V$(2
MY;&)VJ(2_.$SBI'.#^'2V_E6J?M''9L[/R^5M.R*4GI"^5JWCR_6--%F7(\Z
M#`&`,`Z$.+W\/^J_@NA_2G64>X\NJ>,>G=#_`)9LWH4RJ9ZS"+(,`8`P#7O[
M1;Y,*/\`#TO[/3.;RQ<IG<3KH=8]*7N>W^T]X\T^Y:3HP8`P!@'3#1O\$T_X
M+5_\TM,Z_G>6F\9<IZUMWN^A]"SN4)3G$9@P!@#`(9KGY/:'\#*O^9&."5QJ
M3/!`P!@#`&`,`8`P#__2[^,`8!@#8;AVTUMR@=,'CN.?-H6W.&4@P<K,WS%V
MCI.LJ-GC)VV42<-7;58I3IJ)F*<AR@8H@(`.9%&B+5TJ.1%;XQN!<2X4-3I`
MY[+#>GRYCF3$HYRHYJJBHJ2W05%3"BHN%%3"BG-,XU9$RSTTI:9NT6V45``<
M/IV97=+K=!$W0S@0\]$O:,(]!6-Y1'.R4K9C6YLIC&-UD3]DWCQXZRR)\SQU
M;43I\Y<:O>JJN[CWR2Q-)JD(JDXC()@W<(>5%R=,SETD;H(=M-R[.NN0_01#
MM`8#"`_=SA?43YB*CIBPZF0S)%NHJ=R.DTS4>F)<:INK%3-[#<&VXIHBPB]I
M;%C6+8@)MV3"[V9FT03#R`1%LWDTT4B`'WBE`,PG4M,Y5<ZFEJY=56IP%AE7
MV]R6-E2;Q5,EIB1LV8B)M(CH(?7Z\=U?/!M'Z0+9_P"+9\_<Z3\++^RW@/OX
MAO\`^>5G_>F>$;=N#]GLELTPZE+589RS29;K.-"R-@EG\R_*U180ITFP/)%P
MY<`W2.J82D[79*)A$`\HY6+Q+ERJM&RV(UN8F!$1$QKK'=_1[5U=;87SJRJF
M3IWWAZ9SW*Y8(UD$BY56&'$7#S5%Z&`,`8!4CG!_#I;?RK5/VCCLV=GY?*VG
M9%*3TA?*U;QY?K&FBS+D>=!@#`&`="'%[^'_`%7\%T/Z4ZRCW'EU3QCT[H?\
MLV;T*95,]9A%D&`,`8!KW]HM\F%'^'I?V>F<WEBY3.XG70ZQZ4O<]O\`:>\>
M:?<M)T8,`8`P#IAHW^":?\%J_P#FEIG7\[RTWC+E/6MN]WT/H6=RA*<XC,&`
M,`8!#-<_)[0_@95_S(QP2N-29X(&`,`8`P!@#`&`?__3[^,`8!7O9/R8<IOR
M!<OW(UK,BCY72^D;E0T^D7R_?/8YWJW'/SE]/*PP!@#`-U?L_P#Y"G?P]L'Y
MN@<J5[Y8G$3*IW_T9_+C_:7]RPN_FG.PA@#`&`5(YP?PZ6W\JU3]HX[-G9^7
MRMIV12D](7RM6\>7ZQIHLRY'G08`P!@'0AQ>_A_U7\%T/Z4ZRCW'EU3QCT[H
M?\LV;T*95,]9A%D&`,`8!KW]HM\F%'^'I?V>F<WEBY3.XG70ZQZ4O<]O]I[Q
MYI]RTG1@P!@#`.F&C?X)I_P6K_YI:9U_.\M-XRY3UK;O=]#Z%G<H2G.(S!@#
M`&`0S7/R>T/X&5?\R,<$KC4F>"!@#`&`,`8`P!@'_]3N>E-\::A5=D(RFS*<
MT5U`Q@9#9R9IIHH>DI6E>3:UMM/%1.H+25GG4.NDT9>5XNJ!"$2$RJ0'"!%7
M7*_CDQBJG-/-P4UI'79S.M(%9P_414!6JV!G4;<><:*(%>5-M3+=(MHB:7ED
MV2,/*N4F;PR#E4B1A,%UALGY,.4WY`N7[D:UF11\KI?2-RH:;2+Y?OGL<[U;
MCGYR^GE88`P!@&ZOV?\`\A3OX>V#\W0.5*]\L3B)E4[_`.C/Y<?[2_N6%W\T
MYV$,`8`P"I'.#^'2V_E6J?M''9L[/R^5M.R*4GI"^5JWCR_6--%F7(\Z#`&`
M,`Z$.+W\/^J_@NA_2G64>X\NJ>,>G=#_`)9LWH4RJ9ZS"+(,`8`P#7O[1;Y,
M*/\`#TO[/3.;RQ<IG<3KH=8]*7N>W^T]X\T^Y:3HP8`P!@'3#1O\$T_X+5_\
MTM,Z_G>6F\9<IZUMWN^A]"SN4)3G$9@P!@#`(9KGY/:'\#*O^9&."5QJ3/!`
MP!@#`&`,`8`P#__5ZU=F<3[G(;+Y"7W7]<I;!O;[/P5VM6X8CAE`-=@W3C'O
MBT[DV%&6<6,<H#&;MC55HBPEG1%@++J(.E^T1L<!$QQ&#K!Q`Y%R*G*FS,ZE
M17$IS?UKN#5<[4I:YI+1?'Q"]**U^IV5^HG$&:72.?U*07E+@PB3=\I/H(M&
M9WC90\DA!,4P;!>W9%88FUIR077?V-PYB*O8VR*PVBPM4WGH_2=:.FXEH^/D
MF<3*NG"G45SKMS]^`]DX"0`*&31\KI?2-RH:;2+Y?OGL<[U;C0YE]/*HP!@#
M`-Q7!.L1LOI-T[=N;"BJ%XGD>Q%VZV0;;L$CX,P"+*%FH]F*HB<>IQ3[9@Z`
M(B`!TJ5[Y8G$3*IW_P!&?RX_VE_<L+F^`X3\>N?TC;"^-&:<[#B/`<)^/7/Z
M1MA?&C`B/`<)^/7/Z1MA?&C`B/`<)^/7/Z1MA?&C`B57YGU2+BN/]I>MG5D5
M63DZN4I)*Y7"8:""EACR&[;"7G7S%4P`;W(F3$2CY0Z"`#FSL_+Y6T[(I2.D
M/Y6K>/+]8TTH9<CSH,`8`P#?/QKI\2_T3K%XN[M)%7%:144(RO-VCFI3"Y<A
MT08Q]@:LFQ/)_JIID+_HRCW'EU3QCT[H>O\`\S9O0IE4SAX#A/QZY_2-L+XT
M9A%EB/`<)^/7/Z1MA?&C`B/`<)^/7/Z1MA?&C`B/`<)^/7/Z1MA?&C`B4,]H
M!7(^&UM3%V;B>6.K>"HF++6JSSR($]`S!^J;:<F)%NBKU*'NR%*?IU#KT$0'
M>6+E,[B==#K#I3]SV_VGO'FIO+2=&#`&`,`Z,:71X56G5-4SVW@92LP*A@2V
M%?D4P,>+:F$$T4;*FBD0!'R%*4I2AY```SKZ=Y:;QERGK6W+_P"OH?0L[E"3
M>`X3\>N?TC;"^-&<9FQ'@.$_'KG](VPOC1@1'@.$_'KG](VPOC1@1'@.$_'K
MG](VPOC1@1&N?D]H?P,J_P"9&.`N-29X(&`,`8`P!@#`&`?_UN_C`&`5[V3\
MF'*;\@7+]R-:S(H^5TOI&Y4-/I%\OWSV.=ZMQS\Y?3RL,`8`P#=7[/\`^0IW
M\/;!^;H'*E>^6)Q$RJ=_]&?RX_VE_<L+OYISL(8`P!@%2.<'\.EM_*M4_:..
MS9V?E\K:=D4I/2%\K5O'E^L::+,N1YT&`,`8!T(<7OX?]5_!=#^E.LH]QY=4
M\8].Z'_+-F]"F53/6819!@#`&`:]_:+?)A1_AZ7]GIG-Y8N4SN)UT.L>E+W/
M;_:>\>:?<M)T8,`8`P#I+A9Z&JVK8FSV.390M>KE`83T],R*Y&L?$PT174I"
M4DW[E003;LF#%N=550P@4A""(^0,Z_G>6F\9<IZUMWN^A]"SN4,2:YY34_8"
MJ"CZC;8UC"R]`E=JU"T;5I[>JP%RUW!JQ99:R,E4)F5D:FY9-YIHY/#6=M`V
M'S-87`,!127.EQ&;`CE5YKZBNVC*!O6LQ6PI-CM&[2.LJ#K8M5(WVS8=E1,W
M:822HI:HZDT&45,QH4F5?O%G[YK',(=@O(.G*+-)18H06,#^/N8]61"J1$3J
MG<UBV/9]H6/3JVHFD30*_>JQ?*IK=?;LU'6%[?=C4_7IXXNNB(RK60CIZ082
M+5XW,S67!4.@0,P:GW93MNPQG\223K4ZSL=RI\[0[B6+C;M7;7K^53A[C!R$
M?&RLS&2!X5TY;G%W&O'\<X;.V[A!RJ@NDH<(0)7KGY/:'\#*O^9&.`N-29X(
M/D;/V+U1VDS>M':K!P+1\DV<HKJ,G0$(J+9V1(YS-G`)J%-V#@4W9,`].@X!
M^HN6X."LQ71!V=%1R1J*I`<';I'3257*AVN],BFJL0IC@'9`QP`1ZB&`?M@#
M`&`,`8!__]?OXP!@%>]D_)ARF_(%R_<C6LR*/E=+Z1N5#3Z1?+]\]CG>K<<_
M.7T\K#`&`,`W5^S_`/D*=_#VP?FZ!RI7OEB<1,JG?_1G\N/]I?W+"[^:<["&
M`,`8!4CG!_#I;?RK5/VCCLV=GY?*VG9%*3TA?*U;QY?K&FBS+D>=!@#`&`="
M'%[^'_5?P70_I3K*/<>75/&/3NA_RS9O0IE4SUF$608`P!@&O?VBWR84?X>E
M_9Z9S>6+E,[B==#K'I2]SV_VGO'FGW+2=&#`&`,`Z%[=J^"W?QIL^E[0L[;5
MG;VC)K5]B<,#]V^0@K_07-4EUF2G4O8=I1\LH9,>H=#@`YU]/\M.XRY3UK;L
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MN`9,E5'#U51049(58E:N7[*RO-2<=`KC2<='3KXB["$0?KG(0U9JW="X!@0P
ME*80-V>UY!$!Z??S>V-9:.J/&*B8&XX;)U;TG2ZN9(M'W5DQRH^9',1RZC(1
M@8OX9L;['[0L3J4A;LL1+6EM,T:J$>Q[A[(%4BCM64:]F1;QS:4='*)$#JG*
M0AQZF$"@(YF7ETI:1$8YL<],4-92N]'4FO9I`]:F5.27]W?V2.1(YS-?!$P#
MK@E\T363J::UO9[$_@N-432!VE#\8MI<>=]:M)+;5T77DJYR.&4@=B:IW]>F
M,1+3-DD;7&T]_+U1I`S4@UAWJ,PJE(54[VQGRQ&S.:4A9Y"_,*GL&4O]#J.W
M=5,;7.T^YL)&.U18>5/#N8<S3.8E.-S"0M<I%:5G)A]%2GJZ</';2-%X>'D'
M#5PV7#`954W=S:BHW4#^0>;*L#$MGO0,:]3:A;6EOV75V^U*_'5!4]UN7#IG
M6+?+L*>+UB6/GH?5S:;AURSJ4T<Q?/V@B"83>5DGR,`8`P#_T._C`&`5[V3\
MF'*;\@7+]R-:S(H^5TOI&Y4-/I%\OWSV.=ZMQS\Y?3RL,`8`P#=7[/\`^0IW
M\/;!^;H'*E>^6)Q$RJ=_]&?RX_VE_<L+OYISL(8`P!@%2.<'\.EM_*M4_:..
MS9V?E\K:=D4I/2%\K5O'E^L::+,N1YT&`,`8!T(<7OX?]5_!=#^E.LH]QY=4
M\8].Z'_+-F]"F53/6819!@#`&`:]_:+?)A1_AZ7]GIG-Y8N4SN)UT.L>E+W/
M;_:>\>:?<M)T8,`8`P#I7J9'BFO:T2.7;-9`],AB,'3UHJ_9MGAH1L#5=VP0
M>QJ[ULBN)3*(D<MSJ$`2@H01[0=?SO+3>,N4]:V[W?0^A9W*&LZ*W;OMYII1
M>\;PDR7]KRPY/:D1-H73E0-L_:9]?739$%K;6^G=?7QEM&GP$>U:P*+J6DK$
MY>`QB(U5P_F6R?G,@3A,Z"&>[K;]_)P_"W5]LN[+4.T-R$7CMXWO7<73IQ&/
MO%,T)9+_`&FH:U)L:&ME;1)-W&"<.D'#N)D3>@(EX4I45CD<HR1@PE6*=R-Y
M6%UM3]]W^]UQOKC8>JDG<2X@8.!D(A!@RUU7G\_N2!IT/1Y^[*3C&1@+-:V[
M=W87==E(=Y!P+5J,P_!9."8(;4=9W^`V35$K#733)4&<M8*K*,['&K1-ABK)
M3)Q_5K+$S3!8A`3D(^;B5TS*)=MLX*`+-U%$%$U#2?)Y%:M]7J6NM<J6:?BH
M)-[3ZX1H>4>(M"N3H04<98J(JF+VQ2*H43=/N=H,^Y<J9-BDMBK#6,:JK:2C
MS5JJADM'*L,Y42,,<(DE@MA4>T/1C:[:X*:D"H*.19QTBW=.`;I&(1184DCF
M-W9#*E`1^X`B&?3Y$Z6F<^6J-V3CI[E05<SQ5-62YDR$8-<BK#7,=T?DWQ_V
M3;"4>B;;I5HL[E&7<Q$;%RZ2I;.TKJQ&UC>4I^<"1EX95MTH5*26AUGR4>J8
M".#)G$`SB,Z"F=<$#`(;/;#H]9DT(.;M,,RGG/APZ->\\3<V$[6VV^+H5?DO
M0+07$N6&D+A,MF'GPH@S274_E%"%*<Q0)E@#`&`?_]'N-Y"[JB./FJI?:,VT
M9/64=8]<U5%O)3[&JQ8RVSMDU'5\`K+6.22<,X:);3MQ;*.G!DEC)MR'$B:A
M^R0P)A*N2O/ADRK4M;HBBU:YUW6&I!WWR%G:5N2OV&$UKJ96][&I+>2JLJUK
MP-=A6QLGJ"TOY"+<C7TH].`>-CNSOB)ME!,#..U;'7HZ@\FXB0GH9A+/X"U^
M8QCR48M9%YYUIBN-6WFC)=<CEQYPY(9-/L%'MG`2AU$.F9%'RNE](W*AI](O
ME^^>QSO5N-"67T\JC`&`,`W%<$[=4X/2;IE-6>O1#P;Q/+@TE)J-CW(HGCX,
MI%@0=N4E12.8A@`W3H(@/X,J5[Y8G$3*IW_T9_+C_:7]RPN;ZQM>_IY3/UHA
M/Z]FG.PX+K#UC:]_3RF?K1"?U[`@NL/6-KW]/*9^M$)_7L""ZP]8VO?T\IGZ
MT0G]>P(+K%5^9]RI\QQ_M+"(M=;E7RLG5S)LHV=BWSM0J5ACU%#$;-G2JQRI
MIE$QA`/(`=1S9V?E\K:=D4I'2&G_`,M6\>7ZQII0RY'G08`P!@&^?C7>:3':
M)UBQD+A5F#UM6D4W+-[8(EJZ;J`Y<B*:[==V15(X`(>0P`.4>X\NJ>,>G=#T
M7X9LV#^BF53.'K&U[^GE,_6B$_KV8198+K#UC:]_3RF?K1"?U[`@NL/6-KW]
M/*9^M$)_7L""ZP]8VO?T\IGZT0G]>P(+K%#/:`6JL3VMJ8V@['`S+A&\%760
MB9B/D5DD?0,PGWRB3-PL<B7;.`=H0`.H@'W\WEBY3.XG70ZPZ4_<]O\`:>\>
M:F\M)T8,`8!^*SA!L3O'"Z+=/M`7MK*$2)VAZB!>TH8I>T(!]S(543"JGTUC
MWK!C55=A(F_NM<EN.4)5JK&S6_\`2<1(MJQ`$<,)3:M%CWJ!RQ;4AB+-7<\D
MND8IRB`@8H"`@(90)WEIO&7*>L[>BI04**F'Q+.Y0PI9=H>RQV$V:QEQV)[/
M^\,V%@LEP8Q]EMO'6RMF5JN+H[VWVAJTE)!ZDVL%I>KF5DGQ"E<OE3B9<YS"
M(YQP76,R.R?+/[N]EPK#.Z;.WSA5+UITRJC9[7!<:@L5:=L:-&>B*0S7CVB4
MA#ND:=#E!I%HB4WHYN`)(%3)[G&:O\(SMD^:9Y_^S<3CT&\MNK3\A&IUR1H;
M>.2KTC/-V]/G$&1)FJ)13&M/RMJM,-X5J1XU!(K-P5HW(J4W=H@$YCM8C.37
M,C\=.6/"F_L9'7G'*_Z\8P6N6+!16L5ZKR&MJK`,I]U(.6J<&VEZY5:ZN5T]
M2<**I1XJF35,8RI2F.`FA45N-"46.(^';&N+GL35VE$:=#>F%8NL,%7Y?2,5
M']PFZKL"1N;M2CYD57O#('\A!,(=/+TZAF?;Y\J0Z8LUT$5$U%7(5+2RV5UR
M91MHI&>K'.C])J0C"'9*FMJ&,*5QHVF[C=H5B<0<T-&_Z?V'KYA;V4M!R#RO
M2MPAAAV,NT;Q4PL[%S%G7%PF(=@.VD`=HHB&<]=52)TC,ES(NBFHO70UNC-D
MNENN2U%92YDKQ;DCG,7"JMU&N5=36*Y\G*7O^P\1Z?47&EI;0"W#[4E]V--;
M9C+]0%Z\64U;Q3VOKJ&AN.O@:YS&R`:V:5LQ""[L,35E&=;*Y**9GBB2)=.=
M@I#7QG@J:$Y3S,57+!K+75QJ^D9!CIYQ:./VQ+;";9LU[N$=KC<T=>MN=EMS
M!UA`OX2TREPJ1G#*2O+1^_E(/TVY8G?IE*L$4W222?&;EP6J2KNQPUOV?;DM
M%\)=9I`]VVYDR.35FQV]_P`FG$;47>\]8UVW6]TP0@495:?GXUM96Y#D6>2J
M`.H]Z$4,84KB'RQ93NLK1/ZPM)[I!V^AP3RZ.-C:V&1@=/4OVMU%Y#1M;>+-
M-H/WIJ_&</!.R2C&0ORE0@W,0`'$S$CX(I^VT?5/:+W;HS6NA[7?UK9$5935
MVL8SF*SL&_V";S:.Q4.1FH%HJBR=WM>T4(8DM*5F8GV+1PI*L:XZC1\/N7S=
MBZ02*$4-@?LYI1U.<>9F;*WLC.MRG(#DLMKYC:+DC?WL=KAKO.]1M*BV-L9V
MF[P\M`Q4(Q3;,#1LO(Q)&J1"L7"S0J*AI0A<9?'!!__2[Q+_`%65N58=0D'>
M+/KF8,[BY"-MU1+"+2T<[B9)K))H*L;)$3L'*0\GYJ+5^U<-3@X9K*$(=)02
M+)@4Y=^S\HCMM;T3;3VLBKN**F:[R0<MUJ0@._ZO.WBU7Q[7+4T2IA(^JQR3
MF]3D2@:O(Q2Y(&9>-SJ*.E"/4Q,3.VR?DPY3?D"Y?N1K69%'RNE](W*AIM(O
ME^^>QSO5N.?G+Z>5A@#`&`;3N'?(#0VK-/J0.S]VZBUQ..KC.R#:&OFR:;4)
M9PP48PJ2;Y".L,U'/%69U4C%!4I!()BB`#U`<J5[15K$@G[B95._NC-4^''^
MTO[EA8*1Y]<*8L'0N>4FD5?,Q,"OHZ_P,P)Q(;LCYJ$2[>B^`1^X*/>`8/*'
M4,U&:[6.PHIKD'D/:><"XP4BN>2E)5%8#B3T>QM4N``02@/>FBJ\]*@(]KR`
M<2B;R].O0<G,=K#.37(+(^U\]GI'E=`7?9Y!PU.9(6T=J_<*QG!R*]T?S5VK
M04(U8@>4P'!?NSE#J4P]0ZLQVL,Y-<A,A[:G@:R.F5M=;U+%.43&4C];69,B
M(@/0"*!*H1B@F,'E#L%,7I]T>ODR<QQ&<A5;DU[8;B=M755CH5+B]P2$X_DX
M8[`RU+AVC-XE&331VLHDHM;"N2`JW;F,F"B1#CY`,!1\@9M!,2FJF3GHJM1%
MQ8\*;A7-*[9/O5DJ;?33&,FN<Q8O54:B-<BK%41RXDUC61]K^JN1ZQFN=IOR
M$`.]-Z`CBBF8W7LAT;S+P.A@`?NB7[GW,L'.LI>QIYJ[B<)U)^GE>SR]YH6*
MN+^\=AZK$/X/**;<`'HS0VTGQU>R+0HQ;L@."'$!*8#-XQX(=I(>T'9`X"/D
MZ]/+CG)Z]C13%W/[!\#4S/+Z54+$3']),'5<W5UX#[1.TUQ'S+C'L%0A0#MB
M_<RL8?M"(]`3(M35.]+T#RB`^0?NA^%]_J5Q6Z9NQ3O1\'V)OE--Z1%^JC'9
M)V`_OKGY!NP`&/'1ZW.MT,@9_/\`9(F0>AP*X!9E']D_=^0>T9,0-]T/]G'W
MRO7L:!=U?^@^&]$9?E=,6JB8\V7D@KM7;P=4O[K;GU[0NJT*JU2G\3=7N(:N
MQ*<<B^L5P1!Z_P"RLLJ#D"C?X`B9!*IT[)4S]!#KVO+T#25%)4SY\V:^3!RK
MBBG"=FVF]Z/VVV45%(N?C),MD$=F/BJ:ZP;@),?G?[5B5[+9/3?%NL%<'`P2
M"A+&[6CR!_*`DOV-OS22QA`.[,9-JH`B/4O9#RAQ<W3_`.'?0S?BRRQY2OV'
M\`^T_P"U;F3F7\5\5ZF5(I$@9>';,Y(Y'J<XNBG]%650INA@(("JF7H4.A.O
M41<WS_X-]!\66;\2[[#N`_@;']JI*`0CGF1QJK*+GHJJO$:UE922C^I15*U2
M:RO'=Q'+]%.B1Q,L?H01,4YA`.L\WSO-[Z<(^++-^*=]AW`2^E4OVF^UYH\4
MT]HO1TYQ%BJY3:0VG(U@R/'M5$@475.75M8:^=`L\Z?]6<YB]/="``!>*=2O
MD-SYDOZ,=?\`M,RAOMON,]:>DGJZ;FJL%:J8$AJJFR8IY:\1.:U4I58>[2Y[
M6/8$4^M!6R,6WIJ\=Z,D_0\DX\^;K)6-L98@)IG1[/\`)!V3]>GD[.9-LES)
M\Z8V3-66J-PJFM%,&-#2:;7&@M=OI9]PM3*QCIT&L<J(B+FN7.PM=J(J8M4H
M&''/9JPB=[R:V.HIY`*+$)>-2`@?>,@E<%2&/U$?=>01#R?>S=\WU*X[C,CL
M13OCK3XQLC<$O0FC1/K9CEZJR4/[]E9VXZ$D]V[3?(C[I5+TNJ3MJ`'D.'G#
MEX0O0_E\I3#T^_\`?QS8J]E63%3;'QW+;ADZ,T+7:GT$ZR(/L>TU?JI);`VF
M]<=>R5;Q!%$Z)``=D@@O`NSB)3"(]>T`>7[GWQ<TRE[*?-5=M.`?J)<F8)%I
MH6LUO%NQ[CTR'ZH<,-.)'*912W.2@`@*:\XV*0XB'3J86T6W4`0'R^0P!U_T
M9*6BD3^/J_V'R[I)TB<BHB4[5UT8O7<J%BXS@1QN*R0,XK4\]56326,JXMDX
M0X"HDF(IE*S=-$NP!NHAU*)NHCY>G0`PUH:=%5,U<>NI8VZ6WM[);O'L15:F
M)C>NBDK;<).+[50%4]7(J'`HE_XFUWIVF/4.@B*+JSJH";_3V?)][ID_<Z;S
M>^O"<;M)KXY(+7+#88Q,C3WVW$?C>U3[I+4M:,7M";JY-*/%.H@`"'>NY!=4
M"^3R!VN@?@SZ2EIT_I(<2Z07ERQ6X/WDR(25OQRT&U4!5/3>M3&`!+T<4Z#=
MI]!^[U1=LED1'\`]GJ'WL^ON\A/Z3>H<"WBZJD%N,[[;DR*;*>`5"HM*':@T
MZEU.I"["EE=C6:Y#P(NBD&UF*5QZ*9M>^`IO*`&Z]!S57-C&>(S&(G98DAK%
MVT+JJFI6YK4U$R8J>+AG.5T/*8HJI>?7/R>T/X&5?\R,<U1>EQJ?IL)_;(J@
MWB4H40UL%YC:A97]+@7JP-F<W;&<*]<5V(=N!42!NUDIA-%%0XF*!"'$>H=.
MN"#2*3=/M"E-86U_2W5WLVWD)C19]/UJ5U_/S[6U[!D8';(\DJ7LH;MQYX?0
MM:H5=ID7&S+5)(_9A;>FWCRS"XNTH8T'U!-7$2W7?(+D':-GWV*U=LW?&UY^
MA;NT+1*9K+8&G(NHT.>TQ/\`"KCKM79T_N.XMM*PKJB[+4O.Q)67>)/9R-=Q
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M><#,T)/E<9F;`/_3[^,`8!7O9/R8<IOR!<OW(UK,BCY72^D;E0T^D7R_?/8Y
MWJW'/SE]/*PP!@#`/I;<=M,[.,>U7ND-;%/`!8D'SJ4GT`+'LNJ[9`C1C*M6
M1!(J\4$3@F"ANUT,80`H!JZRGDS)V<]D7037+[HW>+E0VY9%+5*R5XURP1&X
MU1(X515U-<D#7B?QS9]SW6HZF?N!`2>=(.WW:[(]0[X7KMQYP'7[H*=KK]_,
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M;MTB(H(I$L4:!$TDDRE333*`=`````#-=9^7RMIV12U=(7RM6\>7ZQIHRRY'
MG08`P!@%CJK_`(=B/YH3_I&S6S?*/VRZ6_D5/Q209QF8,`8!:/B)\JSCX)S'
M],B<U]RY-_,G7+;H9[W=Z%V5I,?:+?)A1_AZ7]GIG/BQ<IG<3KH<W2E[GM_M
M/>/-/N6DZ,&`,`8!:1C_`-A9_P`U;_[DF:MW9.VR^2?)2N*F0^K/DY!@#`+W
M<*/_`),_]&?^Z\U%U_V_\W6.P=!?^4_RO]0SNCMS6&J-;ZP<;*OE6HR$U48%
M&(5L\PSB$Y%5C`Q1WB;,SM1,%SMB.4Q.!>O9`X=?NYKZ>DJ:K.2FD.>K<>:D
M81+9=+W9[*DIUVN4FF;,54:LQR-SE2$81QPBD=L]BC<@-([-FCUS7NU*-<YX
MC%>2/$5VQ1\I(%CVJB"3AX9LU645!NBJY3*8W3H`G#\.?<^@K:9GC*BE>R7&
M$5142)CV[2;1Z[U"TMKO--45*-5V:Q[7.S4@BK!%Q)%.J?!1^26A]E6]Y0Z'
MM2H6BV-"3:I(F*D@6&60K#]O%6AQ67IB$CK:UJTJ[2:RBL6L\3C72I$7(I*&
M`HXAO8+K'GU/:G&]M5MO[EJ5UUNPJ#:^6-7=>PV4G&1T,78.NX>O:RL#NYS:
MIFZ"DS`U^DQ44"RIA[;)DT*D8Z7<B8,.`^4_+#CP2HKW<-GPR\$SMD10WZ31
ME.O;'&7:?9I2,'4I:ELXI>Y1-BEXQ=-TW9N6"2ZS15-<I12.0Y@@IDG76TJ!
MMF(D)O7MF96-C#3*]<G$TDGK"4KUA;,8Z55@;'!2K9A-UZ9"(F&;P&KUN@N=
MD\;N"E%%=(YQ&(G^`1FO7*KVQU:F5<FF4N[I%F5IML0:&.8\%:$(:%L"T*^`
MQ"`1ZG"V)BX$"]H.[<D\O7J``2;`/__4[^,`8!7O9/R8<IOR!<OW(UK,BCY7
M2^D;E0T^D7R_?/8YWJW'/SE]/*PP!@#`,Y:Z_N`_Y1<_[IOF#4^4W"U6;D:\
M=<B$\S'-L,`8!FCCS\LU%_G[_P#,LEF+6\EG;770WFC?ORW\9>Y<6]YP?PZ6
MW\JU3]HX[-;9^7RMIV12W](7RM6\>7ZQIHLRY'G08`P!@%CJK_AV(_FA/^D;
M-;-\H_;+I;^14_%)!G&9@P!@%H^(GRK./@G,?TR)S7W+DW\R=<MNAGO=WH79
M6DQ]HM\F%'^'I?V>F<^+%RF=Q.NAS=*7N>W^T]X\T^Y:3HP8`P!@%I&/_86?
M\U;_`.Y)FK=V3MLODGR4KBID/JSY.08`P"]W"C_Y,_\`1G_NO-1=?]O_`#=8
M[!T%_P"4_P`K_4*Z<[^.>Y>0FH.,S/4%.\7.:O!.7,ZGXAJL!YBA*UBH),#]
MNT3D*FY[]1BJ'1$5!+V?=`'4.N=HU<*.WOJUJYV8CD;#`Y8PC'L477*[TO:*
MW[2BGL<NQ4'CWR7S5?\`3EL@CD9F^4>R,8+BCLF#.#G![DIK+:%U?[+J+W6T
M#:--WZC,[C&VZBS<C#3=F]$-X]ZP9UNUR4B#UD5%1PD?L$3*=$`$Y1$.NPT@
MN]NKJ!)-+49TWQB+#-<F!$755J)JE8Z+-!=*M'-)IEPO-J\31K2O9G>-DO\`
MI*YBHD)<QSL*(N&$-DM;56?+&F:`UCJ:B<4:W7+[Q_T,^I<+;;';-52-.D=A
MU[4Y]:T(_']Q'7R1M,/7I&RN$WTJ^M4;`.6]7;N&A&CM\Z*1*D'HO!&,3"4)
MPAY#:88/=>5I.H;?UG#V_AKOY@TKT6EJ5M<+[QDGJ?3;K5;!'VW;6P7\ML6]
M:VUU5+&PEW#AA!/;77!"14:>>'<@$44DEIT7RQVULZ:L3F%V'KNH/MU<2KK5
M[/:!X;#OBI-J#-\@UMJ/'#[7%8L%+FZ73H6RU=M6XZ?7N$H4JKY8IA4<+I)!
M%"RVJM);<U[#\ZX^8EKE=K=M2_O[/K#;+R?U]2[_`+`B'/&/4=&KJ:TO285O
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M(JJD4?A%('__U>_C`&`5[V3\F'*;\@7+]R-:S(H^5TOI&Y4-/I%\OWSV.=ZM
MQS\Y?3RL,`8`P#.6NO[@/^47/^Z;Y@U/E-PM5FY&O'7(A/,QS;#`&`9HX\_+
M-1?Y^_\`S+)9BUO)9VUUT-YHW[\M_&7N7%O><'\.EM_*M4_:..S6V?E\K:=D
M4M_2%\K5O'E^L::+,N1YT&`,`8!8ZJ_X=B/YH3_I&S6S?*/VRZ6_D5/Q209Q
MF8,`8!:/B)\JSCX)S'],B<U]RY-_,G7+;H9[W=Z%V5I,?:+?)A1_AZ7]GIG/
MBQ<IG<3KH<W2E[GM_M/>/-/N6DZ,&`,`8!:1C_V%G_-6_P#N29JW=D[;+Y)\
ME*XJ9#ZL^3D&`,`O=PH_^3/_`$9_[KS477_;_P`W6.P=!?\`E/\`*_U"5;#Y
M9:1XK:PTT_W39)"NM;G5HUG7SL*[.6$72\+7H):0*J2$8O3M023DD1`5`*!^
MT/3KT'-0B*N(O[E1,9\>C/:`<7N1ER=T/5=WDI:Q,:[)VIVC*5.RUUFW@X=9
MDA(/59*;C6+$A6YY!+J45.UV1$>G0!$"HJ8R$<BK!"9ZIY54W;TM548"C[8A
MJCLB)D9[46SK33D(JA;8A(YFC*A*59PA,/[+"-I:"6](Q@6.,@E)>/(=PR*X
M2*)L@^X'@U+F[HNZ:DO>YX5W:SU6A;-+J%Q'&J[QQ;+/>9A_4V6O(NEUN-4?
MOK`&WD-@UY[5S%[`R+"=9+G!`BA^[""Q@?E+\R:K!1BJ4GJC=#/8S?85`UFM
MIEW#T)A??$6SV4A(4ARSFY'8K/4<O79EK$NP]),K0Y9HN&B[94Y'2"R!`@9@
MU)N:&VT-YCD:U;J+<-96IM3-@4.]-Z^G9*Q-R%4KEXB`5>5"QV^H34=,5.VL
M'C=Y%RKYJ/>G0.H1R@X12"!]"V^M&-ZNM=W&Z-3H4MO,O:XO;UMBT]*KH6&-
M-V)&!6GSS!8I.98'\BS4RH+I#Y#%#!$%UCWW6S]:L9N&K+W8=&9V2QU]W;*]
M7W5M@&\W/5:/;J.W]EAHI60(_E*^R:I&56>()G;)IE$QC@`".`?JWV1KMW&R
M<RTOM+<Q$+58N]S,JWM,&M&Q-(FV$A*0MRDWR;XS5A59>,B7;EK(JF(T<(-5
M5$U#$3.(`?_6[^,`UI\@=Z;>JFU-M.JOL$:O!:)-P]+%:J"O460;;D-R"V[+
MTRQ%GI6>8NK:U-/LV9H*JA$2$)YM8&+A9UZ11$&Q!*%N;_4=@S5;W)6JY&TY
MRGL:*FF<2_F[9-PYV3B6U[$U`OI%FQHT^4J*#Z/,H)DEE#&1,'N0-U+G+(F)
M*GR9JI%&O1>HJ*8%TI7UULN%#+<B3)TB9+15Q(KVJU%6&&"*N$U=?Y?');\=
MT9](5^^IO+)S[3>9?O<)TW^EMX_,*;M_`'^7QR6_'=&?2%?OJ;QS[3>9?O<(
M_2V\?F%-V_@#_+XY+?CNC/I"OWU-XY]IO,OWN$?I;>/S"F[?P!_E\<EOQW1G
MTA7[ZF\<^TWF7[W"/TMO'YA3=OX!D2K<*>1$%&&9.5-+K*"Z57[:&P;QV.RH
M1(H!_*:?(;M`*8_>S'FW>1,=G)*?BV.$W-!T?W*DD+*?6R%7.5<&?L?5))]D
M/D!^#3OT@W7ZHLXN=)/FW;W"9OP1</Q<GMO!'V0^0'X-._2#=?JBQSI)\V[>
MX1\$7#\7)[;P1]D/D!^#3OT@W7ZHL<Z2?-NWN$?!%P_%R>V\$GVK^-^\Z-?*
M[:Y!KJ=XSAG+E==LRV!</.52K,';0H)=_J9)+J!W`"/4P>0!SAJ+A*G27RVL
M<BJFQPFPM.BE9;[A35DRIE.8Q5543.CA14U4V3-_(6@;=W!JV;HD)":XC)&3
M>0KE%Y*[`LP,DRQLJU?JE4%IJUROVE$T!`O0@AVA#KT#,2AJ&TM2R<]JJU$7
M%LI`WFE%HGWRSU%MIYK&37N8J*Z,/HN1RXD5=36-=7^7QR6_'=&?2%?OJ;S?
M<^TWF7[W"=6_I;>/S"F[?P!_E\<EOQW1GTA7[ZF\<^TWF7[W"/TMO'YA3=OX
M`_R^.2WX[HSZ0K]]3>.?:;S+][A'Z6WC\PINW\`?Y?');\=T9](5^^IO'/M-
MYE^]PC]+;Q^84W;^`95AN&O(2-BV+!4=-**-4"I'.GL&[]@P@(CU+VM0E-T\
MOWPS$?=I+G.<DMV':X3?4V@=QD2)4IU9(5S4A^]X)Z?V0^0'X-._2#=?JBSY
MYTD^;=O<)D?!%P_%R>V\$?9#Y`?@T[](-U^J+'.DGS;M[A'P1</Q<GMO!'V0
M^0'X-._2#=?JBQSI)\V[>X1\$7#\7)[;P3,.D-$;LU?<U;++L-62#4\*^C`0
MCM@6T7`*NEV2I%!\YU0@GW92MAZ^ZZ]1#R9C5=;+J)7BVL5%C'#`W5AT;JK3
M7+53I\MS/%JV#8QPJFNB:Q[G*73NY][U"O5VNQ>L(=U#V0)I=>:V!:P050"+
M?L>Z2\QU4[4[[O'91\I0+V0'R]<^;=6,HIKYDQJJBMA@VT75/O3'1ZJTCH:6
MEI9\N6^7-SU5\80S52"01<.$HU_E\<EOQW1GTA7[ZF\W'/M-YE^]PG7GZ6WC
M\PINW\`?Y?');\=T9](5^^IO'/M-YE^]PC]+;Q^84W;^`/\`+XY+?CNC/I"O
MWU-XY]IO,OWN$?I;>/S"F[?P!_E\<EOQW1GTA7[ZF\<^TWF7[W"/TMO'YA3=
MOX!F)MP^Y`HMT$3!IP3)(I)F$-@W;H(D(4HB'74(#T$0S#6ZR555\6[>X2QL
MT&N#6,:M7)BB(G[W@G[?9#Y`?@T[](-U^J+(YTD^;=O<)]_!%P_%R>V\$?9#
MY`?@T[](-U^J+'.DGS;M[A'P1</Q<GMO!'V0^0'X-._2#=?JBQSI)\V[>X1\
M$7#\7)[;P2QO'_5&X]1^+?343K.3\0>@?-O1>P+2/<>B?3/?=_YWJMO_`-9Z
M2)V>SU_U1Z]/)UP:VJ94^+S&JF;''LPX"S:.62HLWWSQ\UCO&9D,V.#-SHQB
MB?Q%<.>W`W8_+/7>@JA3[?2*U(:G:2J$XXLJD\+*04D(.L1A/11XN&?+G(FO
M!J&$5DTA$AR^3KU`,-JP+(],XP-PG]E/L3CQL^WV;:5YH%LIESU)>-7RT14'
M-H0F5&]S&)0=*)KR,'&HH)`P9K$$Y5>\(<Y1*`]!$)<Y%2!#6JU8Q+=L](<T
M66F8?1\/M?4M,C->:9FM45B^UAC,.+)LV25H0ZZI%UM\#+U-9EJ8*`@L-@4C
M8&0F%)J=9M$P?QT:#IHY^#DBF,@`>SLF:))*-].[.43J4,7C'=:/"[/(VL:,
M%L_BM8/1M2C5F%=KM<04HMOTR9&LNW`+&DXE2)CGC4JIT!(:($YVN)7A-NW9
M%SF[/L?9#N#J-BVIQRV"WU+7.1?)>[-->#J2<W=*;$D:!M"RRE9LM=L.RT]C
MPZ925R-J4<S:0;=IW1@;E<+A%#-M8X>FKFN>:VGH^Z3L54.4,Y;9.JVUW;+?
ML#9=,+?^.VN]-V)[.6N]OWUKLTS#V6GNI2,7?34@LDS<-V2:K=JT;-T9(CB*
MQ7[CAR%:<EN.F\HW7.E9:R,[;$UF0U_67=MC=+U.K:JX\<G:Q`[`F;D&OI"6
MJEGN$AMY&-0(2O/48YG%Q,25R[`OGI8)BD%0^?7'LZ-LZLGZ,6,V77+95J_;
M-'[.?LW\I,U"+AK1I'7]6J+&A4FGQ-2G99C0Y1]6EC1;E6UE2KL?+O&BD1+H
MJJIKH#.)!KWV>5[IG&_?VA7-RUTY<;<NM(WG$34=7'+&OL]D0T]4KG-Z+L]3
M]'F),<4FDSKYE7HR.!UZ1\`2;J%.1,[5%XY".%#_U^_C`(-.ZPUK:+56[U9=
M>4:Q7>F]OPA<9VIP$M:JKWAS**>&["_CW$O!]XH83&\U62ZF$1'RX!.<`8`P
M!@&N'8'..]ZUO$K2;%I2#4F9@CEKKJO,MGIK6-A*V#DAK;C-HM3=A$*F[B=9
M5SD+:-FMI6#=HN91RA&1[X@M7#AJX(B)ALGDR?.G:#:P;=UI%:6I,WMOC9![
M*MV]88FV';"K^'*14-4[$JC374RK1'$E)V;:M%VZQ=M$91G&LH=TS<MG;E0`
M175@F&+#@,STCF+7ME\EZCHZAUQ:=I-DT1LW;"FW`DT$XHMMUS9..L=(:RBX
M@B*JTI(1=?Y#QKR6?%6*T9.S%CR"L\1D$V,D0P1+FX(&`,`8`P!@#`-:\KSD
MV1`W9?6$QI*LMMC60^N$:364-IB_/3)#:>R4J34Z_P`@GK&G.6=`L;ZHE=VU
M!I&'FSOXV*D&S;O#MDG+L3`\%][0BX-&>[%2:>JBCOB#2[#L3ELW/M-9).MU
M&!V#M.IH/-4*>"CGN3N>INE;':6Z4J2#[I!NTCE1*Y=G6:P3#%LE@=6\II/8
M>\KCJ:6I5>I$5"3VR8"H2TY9=EL[AL-;65A2KLX_K5=L.B:QKF98I*]XY<$A
M[I,O63$[9RJW!!T50LD0+BX(&`,`8`P!@'C6.3>0E>GIF.A)"RR$1#2DFQKD
M2=FE*V!XP8KNFL)&J2#AHP3D)5=(J")EU4D044`3G*7J(`:]8+FGM>PWP='1
MNI-:N=TJW=O5#N&.W9B3U!`':ZNF]H7B#L-S:ZW].GV!K3T?'P\K$,HIP8B\
M_'/#J((JK(H"8:IY-;]H>]MD`VV;'ZMA(O4-1F./%,WA+S>R4"6VA7W?LY7*
M](Q<%$LZRO7[%`Z<>7.(<3+]Q)QYI)DY<G9(]ZR(B]@F!E;B%S"=<I0])*4Z
M#J$'8-=5#;-&2+8[0XM#VFW11SZ*/)1%GUY3(B>;),B-SJSM4D;)6P?KKQQ7
MHJ-".'LD*D"\>"!@#`&`,`8`P!@#`&`,`8!__]#OXP!@#`&`,`8!IFJ7JB]"
M<G?37VMO5GZV+?ZPO$OV/O27VC?7'`^KWT/ZLO\`_5/K+\?>A/5YXJ_LST)Z
M)_\`U'H_(/K#@//M?V8?0=I]/?:Z]9WHGD5]K/T9X#];_JR\ST]Z_?7?Z!_Y
M?>%O"/@CT/ZL_P#S'Z#[KPE_)>DL#"9KI/\`EG_;?U7ZG_L\?:9]7O+#T3ZH
MO4SU],>-M+^NCQ]X9_\`-OKT\][_`,R[[^T?1GB_SCR>=Y)&&&'$;/L$#`&`
M,`8`P!@&E/4WJK]3-O[/VR?5YZWX3POXF^Q-XX^UQZ]:QZ`\Q]4O_,SU[^M/
MS;TIZSO[&\P\X\0_\%WN0?6&)^\A]D7T$X[S[3OF_H:Y_;*\W\,>DO!GK_OG
MCC[6?>__`,SZZO%W9]7'\IZ#])^8?^5NF!A+4U/U>_:;A/&/VE_27C+=GV>O
M7=Z$]5WCSL3/KB]3W>?\WO\`#_I7T%XN_L7PMYSX/_L3IDD:A?S!`P!@#`&`
M,`@&U^SZK=E=OQQV/`%Q[?JQ[GUE=GP[(]KU>^<?\/XXZ?W3WGN//^Z[7DZX
M!JHUKZO?4AHOPG]KKS;Q2T^QSX5^P/XL[SU7[-\<>K7U)?\`)CPYZN/3?B#U
M@^7TAW'F7]N>:Y!]:JQ/6KOV,?2FFO`'KQ]3WF?#GT]Z+['J@\7>(8W[&?KU
M\9_\WO6+XY]&=YZ)]QZ0]&^+_P"2\RP,)E[AU]GWQI`>KKUR]K[/4']FCUL^
M'/#?V0_34)Z,]1_AW^V?`_I/T%YSXS_\Z>:^B?.?^$\UR2%B;(L$#`&`,`8`
,P!@#`&`,`8`P#__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>25
<FILENAME>g36434g81s81.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g81s81.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0EN4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@`````````````!+P```E8````&`&<`.``Q
M`',`.``Q`````0`````````````````````````!``````````````)6```!
M+P`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````!M(````!````<````#D`
M``%0``!*T```!K8`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"``Y`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#TW[!B<>D-?BDW`Q&/#VU`.;J#KIK*L))*:W[-PO\`1"?;K)GV_1UE
M<YF?6'#P\N[#'3@]N.\L#O5B=/I;=COWEUB\XZW_`,LYW_''\C5)BB)$V+T8
M.8G*$08FM75'UKQ0YKATP;F$%I];61$'^;_DJVWZXY+P',Z78YKOHN:\D'X$
M4KDP),<>95C:`W;+-!I%YB1INVA2G'#LUQGR_O?@/^]>D/UQR0`3TNP`Z`EY
MUG_K/\I)WUQR6`N?TNQ@$R7/(&GTN:5S>AT.V6GO>8/]7_JDC!:8+1((_GR=
M"."UWTFI>W#LGW\G[WX#_O7H/^?)_P"X/_@O_J)%QOKF;\JG'^Q;?6L97N]6
M8WN#-T>G^;N7)N:6N+3!([@R$?IPGJ6&#P<BD?\`@C$CCA6R!GRV`9=>P?2T
MD+[/7_*_SW?^22^SU_RO\]W_`))5F^JVX5Z`%SO`*->3N<`YI;/!Y$JEU#&+
MK&@,W@<;K7L@';N]S/I_15>C&M%['&IK9(U%]CXCZ/Z.P;')P`I89&ZI_]#U
M!^36QVW4D<QV4V6-L;N:9"S;:[?4/Z5U9'+0&D$_O>]I^DK&$Q^TR\F``7P`
M7'[MJ)&BT$VW%SV;B?5Y^9<Z_"?9<YY-CPYP!=`U_G6K?VN_?/X?W+GLMI.;
M>()]Y\!V",-SK2W+5"P#KU%H_L7U8_[@/_SG?^EDOL7U8_[@/_SG?^EDO3_D
M.GXA29O9]#>TGF'`25)9[G[6.H_NQ_Q0Q^P_5G_N`^._N=_Z62^Q?5C_`+@/
M_P`YW_I9$#K@X1ZDSI[A_:3'>\`/]1S1V+A'XI6>Y^U51_=C_BA%]@^K,R,*
MUOD'$C[G6E3IP^@-R*7T89;:VQI87%T!P<-A_GG_`)_\A-Z?BQWEJ/Q4JFQD
MTZ$?I&<_UAX(:]S]JJ'[L?\`%#T)=:!)9N/<-/\`Y/8D+1MES7-\1$_]1N1$
ME$V$>ZBYL$AP'8Z$'_JFIV4UL,M;!\5B]2:']1L!:7C:W0$#MK])5GUM8!M:
M6B0/IAPCMHQ/$?%C,]3IL__1]3=6Q_TF@_$)P`!`$#P"=))2ES6;2'9UY+7:
MO.LOC@?NKI5B9G4LNK+MK9:&M8Z`-K3V![A.ANLR50ONT'8U4>UIT_E6&?AP
MAMI!<\%KX!$:OT]K?-7?VMF_Z8?YK?[E)O5,L\Y+6_%@/_4M3]6/3N6K]FI[
M-(_MO_\`(H9H:'`;7<F=7^'Q5[]I94_TIG'.S\/H).ZIE@2,EKCX!@_BU+56
MG<M7[/2==CAY%[_[E*FBMN33M:[2QAG<\CZ3?ZJ-^ULW_3#_`#6_W*='5,Q^
M14QUH+7O:TC:W4$@'LEJK3N?L=Y)))1,[4OZ9BY%IML#BYT3#B!HH?L;!'YK
MO\XJ\DC9[HX1V#__TO54DDDE*56S)L98YH#8![@_WJTJ%_\`//\`C_!$(-]&
M?VNWP;]Q_O47YUC&%Y;(;R&M+G?V6-.YR&D.4=$:K?M8;OYNR0V8]&S@Z^'D
MBLSK'MW!L`]G-<T_YKBH]OFHGE+17J3?:[?!OW'^].S*L<]K2&P2!P>Y^*`I
M5_SC/ZP_*AHK5T$DDD%RDDDDE/\`_]DX0DE-!"$``````%4````!`0````\`
M00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'`````3`$$`9`!O`&(`90`@
M`%``:`!O`'0`;P!S`&@`;P!P`"``-@`N`#`````!`#A"24T$!@``````!P`(
M``$``0$`_^X`#D%D;V)E`&1``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#
M`P$!`0$!`0$!`0$!`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``$0@!+P)6`P$1``(1`0,1`?_=``0`
M2__$`.(``0`!!`,!`0`````````````&!`4'"`,)"@(!`0$``@,!`0$`````
M`````````P0!`@4&!P@0```&`@`#`@<'#P<)!P,%``$"`P0%!@`'$1(((1,4
MU!65%E88,4$BD]875U$CTU15M=4V=C>7UUB8&3(S-76V=PEA<8%"LR2W.-A2
M-'2T)7BXD6)#H7*28R<1``$#`@(#"0@."`8"`P$!``$``@,1!"$2,1,%05'1
M(M(45!4&87&1,E*24Y.!H;%"<J*R(W,T-546%S.CL]-TE%8'\,%BPB0V@G7A
M\4-C@__:``P#`0`"$0,1`#\`])[+;-RDGU:/7=UWF7ZU+#U#WZD[,Z:?3M\M
M%U75B=BND2]9GTPH4D30:/KK6C6/L%=NZ;*/=6!Z6..M,2"4P1!SA;4[F"PS
ML#JEO-WT1I);5NZ[#9;14_\`#LL#KJ&0J.PY.*LE5W[8MK=!E;J;+:DG#.R3
M]`VR]0;[&9(@]!M-,N$O\`A@5PLTTU&ZMZNFV>VY7=B]8VNG,3;&DYKZE:>M
M^L-4;`W;:-]MBNKE6-F>#3S+;-YE'5U)#7RV4]2.7B7AB)Q:L*HX;G%-[RIY
M6IW%K9"[I51TFXL6G.I'>FT-_P`ETW-[1U!0AG*NQ4]5S:MSU7';0V%+Z[D(
M"5:Z&W=K6&G[&:M4*,BXQG*A'O2KP#X\8"J&%FF.C!1;:&S91U<H2@]+>[-A
M;[T38=D=,47/3<3U,7AT5OL6V3VQF]HUM7>I>`F).Y,276FQ4?+3D0WF7):^
M9-D9%NP0E"I*D[X5JK=NW59-MUK34JUW_9B5K:_6;7Y'3=;ZL+K5[-6F=-J'
M298]=-9?J`:;!J5MV7"1T5LU>89'EG:CQNE9?!%6ZHL@4$F"FUJO&S->UK8-
M6ZJ.IRW4#J/U9T\ZE'I]8T"[/X./W+M,-=^%66WU"EMX2&:=3UTL>[TUZR[K
MKR'E6_@39@HG"QZ\L51<G>&"A;+;>\*U/NMU;+?WRD0L/U\576NQK\'4E>);
M75#I4I)5.)G-;..G>:F/FW5J#F<EP@B2[8@R3`[\DB05/!SD.3#VE>.F'=^X
M]M2.Y*OU"K[XJD#U1:DM?6)TUC*6BQ:KD*C"UFY2K1?5VN[3KBZ1UI;PU6U#
M9M72CEB=RQ5>2C^<579`B=8F%D@8445]/'57;]"C"W;D<H0FT^AV0W)<EM\_
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MKQM^8W'&7G7D+T(-]S+:AFMOW-W)6B?JVXI]M*`P<2X'5JDTX(NCS),T2%)A
MNK&;_K?ZB]IZEUS:>GX=[6F2UOL?K'ZS=E1$3&)>ELCIVF=>&\*1H'IPV5$6
M*6BI2&JE]U73K;$F8E*=W&'J#1))(3)%Y"4%<5D.+ZK-[)[);S<=LBV7SIRZ
MF_\`$+U#4M)72)7>*EURFQV)K1_-:L?/6Z7?%U/N[2\DM(Q95S$;-'T3)ME!
M,:5:)@2@IW:*^6G?#QET<[;V`RZE=T%ZT_89ZM+_`+QUC"W!Y,1.F]K4[3E@
MG9()ND+(E:=.R&E]F]Q#TV0B6\&YL2)455SS(G,^3+%,=&%5V$].=TK+W4NX
MI*E[!J$]+03*1?KN]1]76U_\0EY7S$K3UQ#OD?G,C64^PG%7+1<S6O,FID90
M[<O`RBAS$)E875Q'[:N=@Z2>NP!WG;+E==&]&5AWU3=RZ`ZPME;#H:^TJQK'
M<;N+NLH\*YJ&S=.;"FY%LV=S.JI=S+4IN,:@LS:%[M4#X6U,1AA5;']4L9L^
MF[/V[1M1_/G<(+4O0PSV=5&+;K*W?29NLWN5V!U!N3W![*2]NFW.VIA8T`T2
M1:6=T]9-VL>BT*4&O!$"P.[OJDK_`%-V>2J,]KX^\I"6WE<.M_H/D=;5H\PC
M!["N/3K;9?HEO6S;!4*2@^5?AJ><UL>].YDS`%XEL@67:JJ]XBX3*2G<PHLF
M]/URK6S)N@P5_P"H#=KSJ5OTENB$Z@M%578UF9QU!;1Z-O\`"X.<J4&ZAG_3
M[4=:23*/CJE;(+R',V,ZK%19_+@_.[`AW<,%`M0WUWJ2I=*.T;ON/8450K3U
M7]5E"W)==N[OV':*8WK]/+U7U'3T/9Y79URFX&HPR4C4H=FW5YF2#^819`X.
ML_50%0F^L-1]\W[M29G'L"[VWM6-5UGUQ;=UTTK/5#L?0B3NK&ZZM[M.GRYP
MKVJ2#:+O$,ZTLG7V]=0E"JQ80O@G`HH#PPLT`4PZ-]\ALC>\VXV/O2K6N16L
MW3.%&],>M;9^G;I,1EWZ`>D?89%*?T6UU)UJB_1-UV3>I:3$[I^!EY*4>H\J
MO@*(*E@CN+O7S*U3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$P
MB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$7
M_]#W\81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,
M(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$
MPB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$7_]'W\81,(F$3
M")A$PB81,(F$3")A$PB81,(F$3"*,W2T-*13K9=)!NY=L*A69ZT/6K/NA=N6
MD!%NI9RW:]^HDCX2LBT,4G.8I>80XB`=N36T#KFX@MF$!\CVM!.BKB`*^%5;
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MI\?ESM3IUO\`'Y*?GIV>^Z+W]5^\3^-3H7Z*MN_%TWY3X_+G:G3K?X_)3\].
MSWW1>_JOWB?QJ="_15MWXNF_*?'Y<[4Z=;_'Y*?GIV>^Z+W]5^\3^-3H7Z*M
MN_%TWY3X_+G:G3K?X_)3\].SWW1>_JOWB?QJ="_15MWXNF_*?'Y<[4Z=;_'Y
M*?GIV>^Z+W]5^\3^-3H7Z*MN_%TWY3X_+G:G3K?X_)3\].SWW1>_JOWB?QJ=
M"_15MWXNF_*?'Y<[4Z=;_'Y*?GIV>^Z+W]5^\3^-3H7Z*MN_%TWY3X_+G:G3
MK?X_)3\].SWW1>_JOWB?QJ="_15MWXNF_*?'Y<[4Z=;_`!^2GYZ=GONB]_5?
MO$_C4Z%^BK;OQ=-^4^/RYVITZW^/R4_/3L]]T7OZK]XG\:G0OT5;=^+IORGQ
M^7.U.G6_Q^2GYZ=GONB]_5?O$_C4Z%^BK;OQ=-^4^/RYVITZW^/R4_/3L]]T
M7OZK]XG\:G0OT5;=^+IORGQ^7.U.G6_Q^2GYZ=GONB]_5?O$_C4Z%^BK;OQ=
M-^4^/RYVITZW^/R4_/3L]]T7OZK]XG\:G0OT5;=^+IORGQ^7.U.G6_Q^2GYZ
M=GONB]_5?O$_C4Z%^BK;OQ=-^4^/RYVITZW^/R4_/3L]]T7OZK]XG\:G0OT5
M;=^+IORGQ^7.U.G6_P`?DI^>G9[[HO?U7[Q/XU.A?HJV[\73?E/C\N=J=.M_
MC\E/ST[/?=%[^J_>)_&IT+]%6W?BZ;\I\?ESM3IUO\?DI^>G9[[HO?U7[Q/X
MU.A?HJV[\73?E/C\N=J=.M_C\E/ST[/?=%[^J_>)_&IT+]%6W?BZ;\I\?ESM
M3IUO\?DI^>G9[[HO?U7[Q/XU.A?HJV[\73?E/C\N=J=.M_C\E/ST[/?=%[^J
M_>)_&IT+]%6W?BZ;\I\?ESM3IUO\?DI^>G9[[HO?U7[Q/XU.A?HJV[\73?E/
MC\N=J=.M_C\E/ST[/?=%[^J_>)_&IT+]%6W?BZ;\I\?ESM3IUO\`'Y*?GIV>
M^Z+W]5^\3^-3H7Z*MN_%TWY3X_+G:G3K?X_)3\].SWW1>_JOWB?QJ="_15MW
MXNF_*?'Y<[4Z=;_'Y*?GIV>^Z+W]5^\3^-3H7Z*MN_%TWY3X_+G:G3K?X_)3
M\].SWW1>_JOWB?QJ="_15MWXNF_*?'Y<[4Z=;_'Y*?GIV>^Z+W]5^\6R_2M_
MB$ZSZLMA3.NJ92KU6Y2%IDA=5WUG+`%8*L(Z;KL$JT1&*F9!QX8=Q8TCEYB`
M3D3/Q,`\`'C;<[)WFPK2.[N+F)['2!E&YJU+7.KB!AQ2O5=D?[D[*[8[2GV9
M8V-Q%+'`929,E*-<QE!E<XUJ\'12@*W]SRJ^BIA$PB81,(F$3")A$PB81,(F
M$3")A%3N739DB=R[<(MD$PXG674*DF7_`#G.(!Q'W@]T<R`7&@%2M7.:P%SB
M`%CF3VG!,S&38(.I0Y>(<Y`!JU$0XAP!58!6'M#W02$!#W!'+#;60XN("I2;
M0A;@P%Q\`_Q["B:NW)03<4(E@F7M[%57"QO>X?"(9`/_`-,E%HW=>56.TI-R
M,4]E?J.W9(IN+B(8JEX]H(K.$#</?#F/X0''_1@VC=QY0;2?NQ"G^.^I=%[1
M@'IBIODW,4J;@',L`.&O$?<#OT0[P.WWS)E*'U<B?:R-Q;B%9CVA"^@>"T^$
M?X]A9&070<I$7;+)+HJ!S)K(J%52.7ZI#D$Q3!_F'*Y!!H1BKP(<`6FH7+F%
ME,(O_]+W\81,(F$3")A$PB81,(F$3")A$PB81,(F$3"+$74#^87=O]T6R?[&
MS67]E?:FS?XB/Y87%[2?]>V]_!3_`+)R\/6?I5?@E,(F$3")A$PB81,(F$3"
M)A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A%VZ_X+
M_P#S17W^X.T?\0]69X'^XOV):_Q3?V<J^S?V-_[9M'_UTG[:W7IMSXROU4F$
M3")A$PB81,(F$3")A$PB81,(HQ:+2QK#/OE^"[M8!!FQ*<"J+F#W3F'@;ND"
M<?A'X#]0.(CPR6*)TKJ#1OJO<7#+=M3BXZ`M;)NPRM@<BXD7!C@!A%%L3B1J
MV`?]5%'B(%[.P3#Q.;WQ'.BR-L8HT+A2S23.S/=[&X%9,D4281,(F$5_@++*
MUUP"S!<>Y,8!79*B)FK@`[!YT^/P3\/<.7@8/J\.(#')&R04<,5-#/)`ZK#A
MO;A6RE;LK"S,O"6@BFNERE=LU!`5FRA@'AQX?RT3\!Y#AV&`/<`0$`YLD;HW
M4.A=V"=D[,S=.Z-Y2+(U.O_3]_&$3")A$PB81,(F$3")A$PB81,(F$3")A$P
MBQ%U`_F%W;_=%LG^QLUE_97VILW^(C^6%Q>TG_7MO?P4_P"R<O#UGZ57X)3"
M)A$PB81,(F$3")A$PBROI'6:6WMDP=!6G/(!)9K/.P=(M63^4?JP=?E)U"O5
MR,D9>`82MKLZ\:6/BVJSYHFX?N4B&5(`\<H;2O#86<MT(\V4M&Z`,S@W,X@.
M(:VN9Q`-&@FB[&P=E#;6U+?9SKC5AX>:@`N.1CGAC&N<P.DD+<D;2YH+W`5"
MSL_Z2TWBFQB5NYR4*_UY5Z=89BM;GJ;?3$W7WUHNBU3=P%R?W"S-ZS$'C6I$
MY!L]9O)%O)(N442E1=&.@GS&[>+>9ZZW:YLSWM#H7:YK@UF8.8&-S&IJT@AI
M:03BVA/H).QP>=IBUOG1R6T4;W,N8Q;/89)=662F201MRBCVN:YX>'-:,KR6
MC&BW2[NAKZ5HO:[%,92HO+BR>UY[<:<VLTP?7L,:QW=Q4:^K.EE;BPK=?`'J
MSF,2=(*MQYD#*\#`%T;:V<[4%LSBR0,(<&/RC6'*S.[+1A<[`!Q!KIHN4[LG
MMQG/&R6S&RPND!898@]VI;GE,;,^:4,9QBY@<"/%)5R<])>ZH]XDQF8VEP+C
MR5$S3_RYM76$:C`,+&2./4QLSIQ;@;5QY<"RB1HIJ\.BY>I`HL1,4$5E$]&[
M=V<]N:-\CQF(&6*0YBVN;*,E7!E#F(J`:`FI`,KNQVW8WMCGB@C=D:XY[B!H
M8'Y=7G)DHPR9AJVNHYPJX#*UQ%YE>D+9C&CP-H:^3U;"Z8;8>677DM)UNN7*
M"6T[8)F*N+&%@92QDG[JZAXN"<2#TK%B!FB29B<%#<HFB9M^S=<RP.KJ08@V
M0!SF.UK06$N#<K`2X-&8XD[BGF[%[5CL+>[9E-R6W!?"YS&2L-L]S90UCGYY
M2UK'/=D;Q0*8[M-6^DC:4C;->0%E0C:W&W/8^L-=3\@PG:I;9[7+W:LDT:UM
MQ=:3"V;R_`.7<>N=R@VD`8BL9(4#*)*\2EVFV]9,@NY827OCADD:"US6R"('
M-D>6Y74.!+<U*UH0M;7L;M:6\V9;W36113W4$+R'QR/A-PX!AEB:_.PD$N#7
MY*TRD@KFB.DR\NH"[V:8D8F$CZQK:=V5"QH2=:DKC8H>.L,9`0KES1$+.E;Z
M_!VE1\=1I)*LUD!!,G`IBN&YU,2;=MFRVT,;'.>^9L9-'!C26EQX^7(YS:8M
M!!T[Q`S#V.V@^VO[J>5D<<5J^=K<S'2/:'M8TF(2:QC)*DM>6D8#2'-)M(=(
M^^59EC7V55AI.6=J6IH\;QU^U\Y0KDQ2(92Q6VN7"0"T%C:A98&#2,Y782*S
M9SR%.4A3*)JD))U]LL1NE=.YL8RD59)Q@\Y6N8,M7M<[`.:"/8(K#^#>T)GC
MMH[2-\Q,@(;-"0QT3<\C)':S+&]C.,6/+78$`$@@43CIKO$$2&E[C(TZ!J,C
M.1C5Y/L+[K^Q/&U2D+FK1PV-&UYE;D)"<HZLPT7\%DDS)L7:9"+`N1LNBN?8
M;8MI=8RW9(Z<-)#2Q[07!F?5EQ;1KZ$5;XPQ%*@A:.[+7]N()KZ6".R=(T%X
MFA>1&93%KFL$@+XLP.5XHQP`.8-<UQNO3[T[,NH#:%QUQ$[#902$%6[)-URS
MO((SAC:7L=.Q%>K$:LV7F8P:^A:Y&<;%\)457!D"G$Z9P`1"/:NUW;*LK>\D
MM"XN>T.:'8M!:7..@YLH:<*"N^%-V;[,Q]H]K7NS(=I-C;'$]S)"RHD(>UD;
M2"YN02.>WC$G+7$%7N`Z1K?8]%LMK1TBLI<9K;,3K.OZI&&(C)R3&6])&"%M
M<V%Y,LVD4Q+9J;+QPI+-N[(:-<*JKID((9'+MZWAVFZQ>S_CM@,CI:X`C*<N
M4`DG*]CJ@^^``-5/;]C+VY[/Q[7BE)OI+QL#+?+1S@[.!(7EP#1GBD90MH,C
MB7`!0M/IAVTJ_!N5K3@ASPT?.H7=396OD=<O&,K,/*Y&D8[`6LI*D\D7=CCW
M#`&B;LSHCANKSIE324.6P=M6`;7-)K,Q;DU<FL!`#C6/+F`#2'5I2A%#4@*B
M.RFV#)ER0:DL#Q+KX1"0YQ8VDV?5EQ>"S*'9@0:@`$B=-NCV\(UNH3U@D&D7
M(62:W_7I.FL7]'DKK5Y70U#=7.31E*V^O\'(E(X/&NT)(#D27A$DD55$EU7\
M:U>5G=H+8S7$43"YC&P.#R'ACA.\,%'!CAN@MTAY)`(#'N;?;V*OVVME<7,@
M9)+)>,=$#$Z6-UI$97!S#,QV.5P?@#$`TD.,D3'Q-UTE;X:^!(EJ<6_E'<Q4
MH1>`AKQ1)R?A'5\C59>FN+/$1%D>NZM%V"-;J+)/)`K9LFFF)ECI@)1-.W;V
MRW9CKW!@:XYBQ[6D,-'Y26@.+3@0VIW@53?V-[0LU;19L=*Y\;2QLL3GM,S<
MT1D:UY,;7M!(<_*T`5<1@L>[#T_=]8LJY+65*O.8&X&G"U2QU6Y5&ZP,^%;=
M-64V=A)U*:F$`+'O'J:1^][L>\YB@`B0_+;M-H6UZZ:.$O$L>7,US',<W,"6
MU#@-(%<%SMI;%O\`9,=K-="(V\^?5OCECE8_(0'T=&YPXI(!K3&N\5C#+JY*
M81,(F$3")A$PB81,(F$7;K_@O_\`-%??[@[1_P`0]69X'^XOV):_Q3?V<J^S
M?V-_[9M'_P!=)^VMUZ;<^,K]5)A$PB81,(F$3")A$PB81,(F$5NEI-M#QSN2
M=CP1:)"H(`(`90_85)$G'@'>+*&`I?\`*.;,:7N#1I*TDD;$QTCM`"U.F)=W
M.2#B1>GYE5S?!(''D02+Q[I!(!]Q-(O8'OB/:/:(CG58P,:&MT+SDLCI7ND>
M<2K9FZC3")A$PB81,(KU`3CNOR2$BT,(\@\CA`3"";EN80[U!3WOA!VE'@/*
M8`'WLCD8)&EI4L,KH9`]O_V%M)Y<CO(OE[O@\G^!^&=YV<W)R\>ZY>/\_P!Y
M];Y/=[SX/NYS,CL^KIQJT7H=:S5:ZO$I7_'=7__4]_&$3")A$PB81,(F$3")
MA$PB81,(F$3")A$PBQ%U`_F%W;_=%LG^QLUE_97VILW^(C^6%Q>TG_7MO?P4
M_P"R<O#UGZ57X)3")A$PB81,(F$3")A$PBF5#M$94;`$G-5&"O,.XCI6(E*[
M/E6(@X92[!=@J[C9!J)7L)/Q@K`X8/D1$[9TD0PE43YTSUKJ!]Q%DCN'12`@
MAS=\&M"#@6G0X'2-XXJ]LZ[BLKG6SV4=Q`6N:YC]!#@15KABU[:YF.'BN`-"
M*@Y^O?51)VZ@26L&-4&/JBU.@*7%.I^UR]QMS*/@]BN=D=[(V6009A*"I)NC
M-4$$VS1HS:%`$TN<5#GY=KL-EO=LO73UGUCGD-:&,)='J\&BM,!4FI).DTH!
MZ+:':Z6]V=+LJ.SRV9@9$TOD=+(`R8SU<\@9N,<H`:UK6Z!6I.5$>O21%[,2
M3O6B"#J>'8C2:;5N]3M9AK#$[(J(U"0"VP[5BY;VR>K[,QAB'KX54F)>0`;&
M.0J@43V79EC8V\):W5D9F-<6F-^<9"3Q6N/C!M"[?QHNNW^X<NLGE?LH!TFN
M#@R5[&O;/'JSK&@$2/8/T;G5#,.*2`5C^'ZP;,PM6R9IS"2+:&V@VUH6?BJ7
M?++0IML_U5`DK]<=QUMA.=\FU=,EG9'K55%5-8CLW(*2J:2I+4G9^%T%G&V4
M&2`R92]C7BDKLS@6G"H-*$$4IN@D+FP=M;N.[VI.Z!P@NQ!G;%*^%P-NS(PM
MD;C0C,'-(((=A0@$6MWU:6N0LU8M4A7HYW(UJ'Z@8@HN9F?D#OR=0#*[L999
MU(S+Z5FG*M;2NR@-5'+IRX<>#D%PJ<YCG&1NP8&0S0,E(8]T!P#134%A%``!
MQLF-``*F@"B?VQO);NTO)+9KI8F7C<7/=7G@E#B7.+G'()3E+G.)RC,222I,
M3K+?L[9\X,3K6"C[S8]E:OV?M&9-/3+ME=YG5]D9V]FQC8E8H)U*.LEE9$?2
M0$5>*&<``('01#N1A_#S70<TDO'&V9#)'&,H!8)&EA)/OBUIRMP&&FIQ5H=N
M)&7G64.RXV[0ENH)YW9W$2N@>)`&M/Z-KW@/?0N-?%+1@K>7JZ=)-I*81UU$
MI[.E-7QVHW%_](I<R3>K5UY`JU1U'U8R0Q[>?B(ZLL6:SA199%RBW`P(I*&4
M.?;J!I+(S=NYDV<RY,HQ<X.S`NTY27.(%`03I(I2,=LWADLS=F,&U7VC;<S9
MW81L+#&1'3*'M;&QI))#@/%!))N]LZV[99UYQR>OR?-;(;;C2QL9O9E\M4"E
M+[<HL_1'SRGU^;D5HJHPU<861RJP9%3=."F/W1W9D`*F72#LW!"(@)6_-NB+
M2(V-=2)[7@/<!5Q<6@..`W<M<5/>=O+R[=<.-L^LS+@/#IY9&9KB)\1,;''+
M&U@>XL;1QQH7EM`,>K]1W>Z+4TL6E%535AF$*21E;9,SM=A5&=H:V=Q:Z=29
M9)TVIMZFCM`:/WS!ZFU<M%EP%H"BQE,M#9%-IC:/.<0XF@:&N-6EN5[Q3.P5
MJUKA4$#C4%%S'=IZ]GSL+F%06!N9TCGL;202&2.)U1%*ZF5[V.#7-+N)5Q*Q
MAK39TMK`]W7AFR:KNYT.5HPO!<N&KF&))2T%+EF8]5N('\/9.()/NP$0`.81
MX\0#+MY91WO-A([BQRA]*5K0.%#W#F7)V7M6;91OW0,!?/;NBK4@MS.8[,*;
MH+!1;1NNOK8ZUQE[FVJ=4C'DI8]9V!*,C#2<=$QH49CM$EACV*,>Y:.FB.PY
MK<4[)/E4%D5VSMX8R!BCP,'%'9:S%O';NGD<UK)&U-"3G,>4FM0=6(F-:"""
M!BO6O_N)M1U[-?,LX6/?+`\-;F:UNJ$^<``@@3.N97O((+7.):0J9MUOVEN$
MA!^`[!4I$E$UQHY9*[XV0I?!EJS-6&;9RZ>Q%'!UFC9T-H>,W$>VCT&:K(4Q
MY`>$\,-EW9N`Y)<T7.0YV.HCR4<&@C5[M,H(<7$@U]Z<JU;V]NVZVWU=SS!S
M&`CG<^NS,<]P=KJU`.L<TL:P-+:89QG44:]75C`4GDI48R6FV=OZA+1'S+J?
MLSIRW;]1NM5M=6^%=JR\A+OYA.,339O&3MVY6>B=H)%E5>^.?)W;`AQ:RX<V
M(QP-(#6CZO)K&$4``KB"``,:@"@"IL[9W.#Y;)CYVS7D@<7O)`O8##(TEQ<7
M9>*YKG.+JMHXFI*D5%ZOI2.V99+/)Q<3`QVQ);4Q+.])&2%J2AX37-;=4YV@
MG`)SE8<S32Q0D@L1XF209KD(H;N%`.!<ANM@,?90P,>Y[X6RY14-J9'!XXV5
MU"T@4XI&^**SL_MI+%M6ZNY861Q7+[?6'*9,K86&(C)FC+@]A.8![2*\4UHH
M?U&[!U=.UC4FNM4HL1@]<IWUZ[?Q+>V(Q+E[=YN.>D;-5[PH6S23AFTATS+N
M%FS)(5%NZ21Y$N\4L;(M+V*>_N[XG639``<M:,:1CDXHJ3@`2<*DU-!2[3[2
MV3<6FQMF;':WF]J)B2T2!I,KFF@,O'<0&BKBUHJ:!M!4ZI9W5Y!,(F$3")A$
MPB81,(F$3"+MU_P7_P#FBOO]P=H_XAZLSP/]Q?L2U_BF_LY5]F_L;_VS:/\`
MZZ3]M;KTVY\97ZJ3")A$PB81,(F$3")A$PB81,(L)[:ES<T=")FX%Y1D70`/
M\H1$Z#4AN'O%Y5#"`_5*/O9=M&>,\]Y<K:4OB1`]T_Y?YK0K=G4=7-%7#4->
MM<,_5@MH2L_&25O;.$R1U#1B`@FS6:L#<Z)A&"=2]C:MW#KO4DV)#BLIQ3*;
MAZ+9VR9=I6]_+!(-;"UI#=U]:U#>Z`TD"AS:!BO![>[46O9^^V+;7D#C;W;W
MM=(#Q80W(`YXIXA<]K7.J`P',<`50MNJK6K-*QC;U9&N.X38.S*2TBHR&LUZ
MEY..U;),X^R712)IE=EI.)JT>$@@H]>N$2LHXJQ._<%Y@$=CL2\<8=0`]KHH
MWDDM8`9`2UE7N`+C0T`-74P"C9VPV4P7//2Z)\=S/$&M;)*YS;=P:^7+$QSF
MQC,"YSAE949G8JXR'5?H&.E488]^\/>.'E=C45("K72S1JDG<JG'W>E199JN
MUR4AO*EYK4J@O!-O"._FE#"@R(NX(=(NK=B;4>PR<UHT!QXSF--&.+'FCG`T
M8X$/-*,TNH""I9.V/9R*9L!VCF>7,:,D<LC<TL;98FYF,<W-*QP,3:UE/%C#
MG`@6Y7JQT^B#6:7LC1K17%2<V16ROF=GCY9B^;;0BM1'@9"DO*PC8HYZC>)0
ML>X(Y*BZ:O"BDJW*`&.3<;#OSFC$)-R)`W*"T@C5F7,'AV4C(,PI4$8@[BB/
M;+8C<D[KH#9YA+]81('`B=MMD,1C#VD2NR.S4<UV!;I(N:_53HYM#IS*MGG@
M*,U8J^X@T];;/6NL9)U"/CI:U%G=?(TU2]UYC6XF99.GSQ]'-VC5L];JJ*E(
MND8^@V)M(R&,0M\5KJZR/(0XD-ROSY'%Q!`#7$D@@"H*E=VO[/L@$[KN3](]
MA9J)S*UT;6NDSPB+6L#&N:Y[GL:UK7-)(#FUBH=75!>W6P4N#;.)%2"L&CH9
M*>=EF(NNSK;=UBCZ_%OX.7-7W;%ZHR-*(*-DN\`DH*@=RJ5,JJR<W45TVWBN
M)"`',F.44+FF%I<01F!%:&I][NBM`:GXTV=)?W-A;L+C'):-#SF:QXNGM8TL
M=D(-,P+16DE>*X`%PE2'5;H!=I.R/S@HMXNOP+VU.9:0KMNC(B5JT9*,X22L
MU/EI&`:QU\KL;+R*#9P^@U9!J@LL0ISE$P9"=B;4#HV<UJ]S@V@<TD.()#7`
M.)8X@$@/RD@:%;;VP[..9<2]9`0QQF0N+)&M=&UP:Z2-SF!LS&N<&E\1>T$@
M$K(NO]ITC9Z<Z>G24@Y7K$HE#6&,FZU:*?.Q#]Q'M95D5]7KC#0$XBUDHMZD
MY:.!;^#NT%`41.<O;E2ZLKFS,7.&`![:M(<UP(J0:.87"H(((K4'`@+J;-VO
M8;6%P;&5Q=$_*]KV21/:2`X59*UCP'-(<UV7*X&K20M@8J6,K1+1#*FXBU/&
MO6H#[H(KRS(C@@?4(FL!3?YU!SFO92>)XW:CVBN]')6SN(B=%"/"*_X[J__5
M]_&$3")A$PB81,(F$3")A$PB81,(F$3")A$PBQ%U`_F%W;_=%LG^QLUE_97V
MILW^(C^6%Q>TG_7MO?P4_P"R<O#UGZ57X)3")A$PB81,(F$3")A$PBF<#0Y^
MQUBW6V-*T-%TLD6>4(LX%-ZZ&55=`1.);=V87ZK)HQ7=.0`0[AHB=4WP2CE:
M6ZBAFMX'USR5IO8;YW*D@#?)`5ZWV=<W5I>WD0&I@RYJG$YJ^*-V@!<[>:"=
M"MHU&UE9,Y(U8L(1TBZ8LH]^,+)`R?/9-(5XUHS="V[ATZD$`$Z"9#&.J0.)
M`$,WU\&9S-<S.`2145`&DD;@&[O*+F5X&,EYI+JW$`'*ZA+L6@&E"7#$`:=Q
M<,C6;)#B`2]?FXL1CTY8`D8I^Q$8M5X6.2D@!RW2XQZD@<$"K?S8K"!`'F'A
MF630R?HY6NQI@0<:5IWZ8TWL5K+:W4'Z:VD9Q<W&:1Q:Y<V(T9L*Z*X:5R-Z
MI:7;)_)-:U/N8Z*;MG<H_;P\BLRC6KUH$@S<OW2;8R#-N[8""Z1U#%*HB/.4
M1+VX,\#7,8Z9@>XT`J*D@T(`W:'#OK+;.[?')*RUD,3`"XAKB&@C,"32@!&(
M)TC'0KZ;7-D"U1E/(5BK*RE<KUL(H5UR,&<!8:1'[$+(R+M9-(K5O#U60\(?
M&$!*@"*O`3@4!&+G<.H?<8Y&O<W1B7->8Z`;M7"C=^H5@[,NN>160RF9\3)-
M.`8^)LV9Q.@-C=5^]0Z:+CF:0,?%HS4/:*Q<HX\R6`6/6U)U-ZSDG#=1W')N
M(>S0-<FC-Y9!NN+=9)NJB8[=0AC$4`I3([G.\QR0/C?ES<;+0C0<6N<,,*@D
M'$'0L3V&KB$\%W%/%GR')GJ'$5;5KV,=1P!H0TC`@D'!49:%>3RAX0E+MAII
M,B"BD06NS!I1--T!Q;'.P!F+LI'`)&Y!$G`_*/#CP'-^=6V36<XCU>_F%,-.
M-:+0;.V@93`+&;7BG%R.S8Z,*5QW-]6Q*N6%>/D99"!F5HJ'6!O+2:46^4CX
MMP)B$!"1>$0%LR6$ZA0Y53%-Q,`<.W-S-$'LC,K0]V@5%3WAN^PHA:W+HY9F
MV[S"PT<[*:-.\XTH#WU<6]%N[M<S9K3K4Y<DC@ESMV]>EUER1)G*K,),R2;,
MRA8X7:!T@6$.[[PAB\W,`AFAN;9HS.N&!M:>,-.FFG33&BD;L^_>XL993%^7
M-0,<3EK3-2GBU%*Z*X*[1FMK%+3&K8-J>.![M[R?Z*"JY5(@GY3O<[KMMY64
M*V.9GPGZ\X,;D*MP;B0_:81($;[R&..]E=7+;US8;S&R8;_%<-[%31;+N9I]
MD6["W67M-7CAQI7PC-AAQV'17"A[BNC'3UN?R>SHI,T0DMJ:(G)FS+N)'D9N
MT(%^FQ7;5]R5$Y)A\^(8[EHF3E!=F@JN`@1,PYH[:%NQED\YJ3N:&X8C,*\;
M>`T'>)`TE2Q[%O))=JQ`L#K-CW/).!##0AAIQB<7-&ZT%V@%0I2J6E+R+WM:
MGT_23NO1WO(:1)Y?[_N>X\B\S8/*O?>$)\G<=YS<Y>'NAQLB>`ZRDS.)XV(X
MO?WO95$V=V-16UD&M\3BNX]:4RX<:M1HKI"DL9JF_2*+]ZI6I:+BX:TU2GV*
M4E(Z101KDU=/#1@$YABBT<32:+I*.5,)DFJPE^MDX=XNW(K"^^M6%C1,USW,
M<]H!'&#*9J&M,*C21N[@)%J+8^T96R2&U>R%DT<;W.:X!CI:Y,P`+J'*=#3N
M#2YH,6<UFR,HM*<>5^;:0BZC9)"8<Q3]"+65>MSO&:24@JW(T44=M$S*I%`X
MBHF43%XE#CDS9H7/,;96F05P!%<,#AIP.!51]K=1PMN'VTC8#2CBTAIJ*BAI
M3$8C'$8J]M-=W!6P0%<DH*3K;RQR+..8N+-&2D.Q2\+6(F9^Z678BJ2-9)'%
M9PJ0A^[0(8_`0#(W7=N(I9F2M>U@).4@G#<&.DZ`-]6&;,O77-M;2V[XGRN#
M07M<T8G221XHTD@&@!*A.6503")A$PB81,(F$3")A$PB[//\)[7L!LKJ*N<%
M8I"\QS)II:Q2R2]`V=LK5$R=TA>=<LR).;%JVV4VP/8PR+\XG9+.E&:BI4U3
MI&412.3P/]Q?L2U_BF_LY5]F_L;_`-MVC_ZZ3]M;KT'^R=JWUJZE_P!]'K%_
M7MGQE?JNJ>R=JWUJZE_WT>L7]>V$JGLG:M]:NI?]]'K%_7MA*I[)VK?6KJ7_
M`'T>L7]>V$JGLG:M]:NI?]]'K%_7MA*I[)VK?6KJ7_?1ZQ?U[82J>R=JWUJZ
ME_WT>L7]>V$JGLG:M]:NI?\`?1ZQ?U[82J>R=JWUJZE_WT>L7]>V$JGLG:M]
M:NI?]]'K%_7MA*I[)VK?6KJ7_?1ZQ?U[82J>R=JWUJZE_P!]'K%_7MA*J$O*
MM$TMZ[K4&]M;^,C5S$;.+I>[QLBP"*Q2N'!'5MV+8;1:GR17*I^Z(N\4303X
M)I`5,I2AT[<4B8O/7KLUS)W*#VEA?8.G('9-PI-DLBB+Z'JM=V95Y.IO8Y)[
M&6F)V;#Q$)*M)%11<G<MT6<6)1)W:@+%6$!$O#B/6M=H2VEO<10BDCWQN#@:
M%IC)((]D^Q1>:VEL.WVI?6%U=$.@ABGC=&6U;(V=K6N#L<``W10UKN+7&@]&
M,UJ$C1]J_<[UE:&X;-A%[#>Z82^&?4O8UA@+"G'.VI;57%UK;57-<0\$ES.#
M(.#G4,[8."F*F3K77:"._+FWNSP83JSE8_)1\;7-J.*[BNS&K:5&&5PTKS&S
MNPT^Q0R39.W7-NQKVE\L6NK%.]C\I&L83)&6#+)FHXDE\;A0"14_HSJM$AXV
M!KULERQD5LG1&PVI9"/:O'9AT7KZDZ^CHA=TFX:@H%A:4I-TNN!"@@NY4!-(
M2`4H17':":YD?++`W.Z&9AH:#YY[WD_^)?0#=`%356;'L-9[/@BM[:]?JF75
MI,*@$_\`$ABA:TFH\<1!Q-,"XT%**TO>BF+>2TW*#L%^F:9MLS:S(A76Y@;J
M3'557>J(S(I_*X"H1!_7@AP/P`3(JBXX`8O<CNWM$]K(V<U'%C#?&WK9UO71
MO.S=\4[JAD[!PR37$W63AK)G24R##-M!E_3QMPLU5=XYM/%7)?.CMW;[%=IA
MILQ)O$;"M]ULUCI]CIB]GK'+<J!JNAD=,8MK<ZXT5M]90UCWL;)2*<BT0)*N
MDC,#\04'%MM]L$5M&ZSK)%&QK7M?E=Q'R/H26..5VLHYK<I.5IS;BSM#L0^]
MN;^9FU0(+F>61\3XC)'\[#;Q5#1*P:R,058]X>T"1XU9TKYC^C8Z+6%8R6R0
M?LVK+I?+/-FU-\GIS$MTQS\7*0[V/4-:GKF%86J,8':N6QE'BC=1;OB+F`@)
M#EW:`%TCF6E'$W&4YZT%PT@@\4`EI-0<*TH1NK$?8<M9;QR[4S,:VPS@14S.
ML'M<TCYPEHD:"US:N()S!QIE5K>=$[V;IT#0+-MH\I5]=:TE-4ZE3945M$RU
M=KDJZI_>/KG(A9WB%XGV4-2FL>W5;-X1J")E%%6ZS@06#=O:)L=Q+=0V.6:6
M822U?4.<`_!@RC(TEY<02\UH`0,%$_L')<6-OLV[VSGM+6T=;V](@US&.,>,
MKM81*\-B:P%K8FTJ2USN,MJ:GKA&K;`VM?$Y95ZMM)_3WR\:=H1!.&&I51I5
MTTT7)7"AGH/DVG?&$Q$^[$W*`&`..<2>[,UK96Q900AXK73F<7>Q30O7V>RV
MV>TML;1$Q<;MT9+:4RZN,1X&N-:5T"FA940<&02>)@(\'C8K<_#W!*5XT=@!
MNT.SF:A_IRD14M.\5UPZ@>-\4]L'_)?_UO?QA$PB81,(F$3")A$PB81,(F$3
M")A$PB81,(L1=0/YA=V_W1;)_L;-9?V5]J;-_B(_EA<7M)_U[;W\%/\`LG+P
M]9^E5^"4PB81,(F$3")A$PB81,(M@J7MVL4^.U[!'IR,Y$1SBT.]@.'RLNTF
M7IKYW]2N#"LJQEG:12C-WJYHS:-COVIS-WZKHY2@4_,?DW-A-</NY1<%LA#0
MRE"!DXS"ZK2:B0DG*<6AH7H[';-I91[-MS9"2%ID,Q.8..MK'(&97AM#`&M;
MG::/+R!0U,UJ&^:A7-GI6QXVMDA7F5*Z=*NP0!C&!)$<Z>LFB)>?<E8*SYV+
M-"0:ZUEO`@(Y.8RKQ(%.Z!58Z=>XV7<361@:8Q*9+AQQ-/G6SAN.6IIK&UPT
M`TK05OV7:&RM=K"\>V9ULV"RC`HW-6V?:.>:9Z`$029:..+A6E7$0RK;-K9=
M72^N+$M-MY"QJ;`*]LI62,JW8IV*P=/UKA5#I&DF\@_[V4T^^1>!\`6Y9`CA
M/P@X*(Y8GLIN>QWD(:6,U=&UI7*V=IW*#"5I&_E(-,"J-IM6U&R)MEW+I!)+
MKJOH'`9WV<C??`GC6SP[13.'#,:M66&>[-.(R;%T"-J7;1U;/345[#6RR;\C
M$>GZCZA2F(>%;[`&I5Y>0E:TNK*'[AX_.R3:=TLH(=PWHNV;M`L<VK`2_/Q7
M4%=>^6A.KS.H'`-Q#:YJ@:3V&;>V(V6-X;,6MBU0+V9G4YG%;!S6B;5L)<PF
M0T<\M#*./BMPJ&S*Z?9</:',?+JUP=75G6,\@FFP3F4FP:(C--6J5ATE5W+!
M9TS4!T]C2K'3!?D1!7N!,8$^CS.;F<D`>W7:]TC=-*Z\S-!W:'`.IHQI7=X7
M6ML=J07;HWFVYI'`\89J<T;;2.;B02.,YE2*T;7+4TF]3VAJZAPD$S28K6^R
M0^SJ;96-G+KBG5EW"4N&@+_%S+)O+LY$MIF;.ZD[-&2*9'3KP,CJ(2^O&Y"J
M#6GLKVZEE<7:N%T+VENL>X%Y<P@T(RAH#7-P%:/.&-%?L]K;)V?;V[!&9KIE
MW$\2:F-A9$UDS7`.#M8Z0N?&\!SLH=&WC8`JT6W;5?=ZVD-=Q"\DZ[U&NIM7
M+2O1];@D$(^SVJ??12+-.6D)08[O9=NZ("QU"#(*N1*DD!06<206$K;QEW(`
M*9JU<7.Q:UH-:`5P(P]Z!B=`@O-L6S]ER;-A<XU#*$,#&`!\CRT#,79>,'"I
M/'+J`:732T[^I]@E+9/Q[60A7#E_O,L2S/5XMY)S+#;4O<I%D[D91:><Q\2[
M5C[66,F4RMG/%@Q0*@JJ<W%"M!LJXB9!$]P<`(:G,0`8@P$`9:D5;F9B.,34
M#=OW?:*RN9KRYB:Z-Q==Y1JVESA<.E<"YQ>0TY9,D@RNXC&AI)\7B@]XT$=E
MV78%A1L;TKC9&N+=#-95@YGRE@Z:WE&1TTX%&ZPL!Z5Q;5P@A%J/S/FC=FHX
M(F*`\"KYDV;=<SAM(BP4AD82#EXSZ'QLA=E)J79<I)I6NYK;[?V=UI=;1N6R
MNK=0R-#@7\2(.'B"5K-8T$",OSM#2X#+H="B;5JC+9>A;.V;3*T%J27:+S!4
MV#%!W(LF.^+WLPIH-F:2!$3*URRMDBIN%6_*[*HF(@F4JI[/,9W6>U("YNMG
M::8F@)@9'QC3RFDX`X4.G!41MBSCVKV=NVM>;>R>"[``N`NY9^(,U/$>T4);
MQJC10FY-]W5I*G(Q'DN=3L,W1)ZO7Z03!FJPG)J*I;C7FJEV2*C\JJ#.OU=R
MN+]80*JLY>K&!-3E*(Z'9LQN#)G;JFRM<P8U`+]9+7#2YU,HT``8A2MV]:BR
M;#J9!<R6[V3.PH]S8C#;D8X!D9.<Z2YSC0X*9NNH.EJ3EEDTF)TX^_V*PSTE
M$-Z:P21J@3]&OU41*JLM957=J=PJ]Z.B0$U8]NZC$#"H4%UTDV-9NR;@10L+
M^/$QK0<YXV5['>31H.2NAQ#CA@"77G=I+$W%U*V.D=S*][FB(4CSQ31C$O)D
M+3+3`L#HP:C,X".AA-Z4R+D*N9XI-/&E(V+T\VYHHPKD7'%E(C5,ILAS9(F+
M8A+"JU$A-@@6*%\Z4,LV9<JAV911:H[R;,N'LFRAH=)#.PU<30RB/*2:8_H^
M-E&!.`=BXQV_:"QADM"\R.9!<V<@HQK<S;=TY>UHS8?IOF\[C4-H2P96-M=-
MW7",]BH31F4B[07H73E2(AG+O(Z*C4)W5=@T._FE9.3<R?@D%77PZYE01>`)
MCIE>$.JFD!UA3WN-FR.M#'F`.MN'D@$G+*V<"@I5SAK&U'<(!-!6*QV[`S:;
M9]6YS3;V430XM:T/MWVA=F<748PZF2CM(S`D"KJ7Z;>0&M-0MH->RV1];'%B
MW!+04+88I*&7,A=:K0=?J2Z\4VG)YVQ)*5V1E'*;Y10C5Z\C`3;J.$TN^6BB
M;+>;0=*(6"`,B#BTU\1SWTJ6M!HX-!;2H#JD`F@L3OM]E;%;;NNI77AEN7,:
M]N4TECAAS%H<\C,PR.#B<KG,HTN`S.TRST2\.F$3")A$PB81,(F$3")A%VZ_
MX+__`#17W^X.T?\`$/5F>!_N+]B6O\4W]G*OLW]C?^V;1_\`72?MK=>FW/C*
M_5281,(F$3")A$PB81,(F$3")A%JK>$S)VR;*;W1=%4#W?Y*J"*I/=`/]4X9
MU(/T3.\O/78I<R]]8@O]_KFM:VK9[,L\!GY0B(9@QBV#J7FYR?L,FUA8"`@8
M=BFJ]E)B8E7J2***91[3"<XE3*<Y;UK:RWDPAA`S4)))``:T$N<XG```$D_Y
MKD;2VC:[*M3=W;G9,S6@-!<Y[WN#6,8T5+G.<0`!WS0`D1*K;NIT^TMZTXA-
M:S=T%2,"X1NSVC*J*P;:::&>1$FI*FD7M9?1,BFFH5-RT?N$06143.8JA#%R
M>;9UQ$Z`1ELS9:Y#&2ZI!H12@<"-XM!H0="I6>W[&Y9>NN&R6C[8MUK9P(\@
M<*M=FS&,M=C1S7D5!!H113-WL"AQZ$6Y?W:HLFTWY-\BN'=DAFR$OY9540B/
M):JSTB;_`,JK(G(V[H3]^8H@3F$!RNVUN7%X;;R$MK6C3A337#"F[70KS]I;
M.B;"^2_A:V3+E)>T!V;!N6IQS$4;2M=Q<!ME:Z)&.IL]^I1(9D[DF#R7-:H(
ML8T?0Q0/,,G3\7X-6[N**8!<IG.!T`'X8%S/-+O.V/FLFL(!`RFI!T$"E:'<
MWUJ=J[,$3YSM*#4-+@7:QF4%OC`FM`6^^&D;JH)+:E%8L)!\RL$=931,C3XV
M4CZH_C[!*1JEZF8N&KCA^P8/#K,V3Q272<=ZIR@+0IU2\Q2]NS+*Y<YC71%F
M8/(+@6@Y`2ZA(Q(I3OX*.7:^SXXY)([ELN1T37",A[FZUS6L)`-0#F!J?>U(
MJ`H1`=3>D+/-UZNP=\B7\O:;E>J%"-4E.(O+)KIQ(-;$V`_\E-J96-4\"<&$
M$9`#)BW,H"A!-9EV/M&&.662V<&,C8\G>;)3+[..(TMQK2BH6W:O8%W<6UK;
M[18Z::>6%@WWPEP>.]Q3E=H?AE)J%D]O?:*[C9R9:72IN8BL.'+2RRK>QPZT
M;7G3,`,[;3CY-X9K$N&I3`*A'!DS$`?A`&4S:W+7QQNMY!(\5:,IJX'104QK
MW%UF[1V>^*XG9?PF"(D/<'M+6$:0\UHTC=!I17Z,E(V:CV<M#2+&6BI%NF[C
MY.,=MW\>^:K%`Z+EF]:J*MG3=4@\2G(8Q3!V@.1/8^-[HY&%KP:$$4(/=!5B
M*6*>-DT$K7PN%0YI!!!T$$8$=T*X%(8P'$`X@0H'./9V%$Y2`/\`_(X!_IS1
M24TK_]?W\81,(F$3")A$PB81,(F$3")A$PB81,(F$3"+$74#^87=O]T6R?[&
MS67]E?:FS?XB/Y87%[2?]>V]_!3_`+)R\/6?I5?@E,(F$3")A$PB81,(I/7Z
M?/6="2=Q*,>#*'\#"3D):=@J[',SR)UDV"*LC89*+9>$.S-E.[3!05#@F80#
M@4>$$MQ%`6-D)S.K0!KG$TTX-!."M6UE<7;97PM;JV4S%SV,:*UH,SW-%30T
M%:X%61^Q6C7CABX.S47:J"DH=A(,)5F8P``\6\C%N7D>[3[?Y:2IR?Y<E8X/
M:'`&AWP0?`0"/9"@DC=$]T;BTN!W"'#V'-)!]@E?#MF[8+F:OFKEDY(1%0S=
MV@JV7*FX13<-SF26*10"+MU2J$'AP,0P&#B`@.&N:X9FN!'<6'L?&[)(PM=A
M@10XBHT[XQ'<5-FRU3"*^J5F=2B$)Y6.63B'34[UL^4,B1)PU2E#0JBR!3*`
MJJ5.4(*)N4HB!@$1[.W(A-$9#$'_`#@-".[2ON8JP;6X$+;@Q$0D5!PQ&;+4
M?^6"L62JNF$7,W;N';A!HT06=.G2R3=LV;I'6<.'"QRIHH((IE,HJLJH8"E*
M4!,8P@`!QS!(:"YQHT++6N>YK&-)>30`8DDZ`!NDJ6SFOK978]:4DXYL+!H_
M;Q4DXC9F#G2PLJ[2=+-8JP$@Y*15KTHY(Q<=VV?%;KG,V6*!1,BJ!*\5W!,\
M,8\YR*BH<VH%*EN8#,!48MJ,1OA7;C9MY;1NFEB&K:X-<6N8_*XU(:_(YV1Q
MH:-=0\5PI5II#,LJBF$3"*[G@)E-&#<'CW!4+)WWD)00+RR?</U(M;P;X7PN
M[D$C)#QX?##(];&3*,XJSQNYA7'V,5,;><-MW&,Y9:Y/]5#E-/9P4A'6M\+9
MK9335:5"T45G:I"W0PHE!W`,:0V=O+4[D`Y^[3;PK5BJ=4P&$!`OP.;B7C%S
MRUU,%QKVZF4M##N.+R`T#ODA6>J]H<ZO+'FC^=V[9#(VF+!$"9">XT`D^U50
M?+*H*X1\3)RIQ)',7+OD5:(JJ))&%!N=^Z28L_"G(\&[0CEXN1(AE3$*)S`'
M'B.:/D9&*O<!I]H5--_#%21PRS&D49=B!W!4T%3H%20,=U4:J2B"JJ*I>55%
M0Z2A>(&Y5$S"0Y>8HB4>!@]T!$,V!!`(T+1P+7%I&(*X\RL)A$PB81,(F$3"
M)A$PB[=?\%__`)HK[_<':/\`B'JS/`_W%^Q+7^*;^SE7V;^QO_;-H_\`KI/V
MUNO3;GQE?JI,(F$3")A$PB81,(F$3")A$PBUYVK&F;3J$@4H]U)-"<QN'8+A
MGP04+Q]SL0[H?].="U=5A;N@KB[19EF#]QP]L?X"U+W;KZ>OL!6'%2=1+>XZ
M_P!@539%60L*[YI7)62K;A=%Y!3KN,9R,@P8S<#)/&Q72+9T=DX42<=PN"0H
MJ=G9UU%:RS"=KC;RQ.C=EH7`.T%H)`)#@#0D5%145J/)[>V;<;1MK1UD]@OK
M:YCGC#R0QSF$@L>6AQ`<QSFY@UQ:XAV5U,IPG==:]0&Q7M7N]H8:Q<'H6T*_
M>*KHQW87\A474/%T2Z525//[!&@H/W=R=3-P)+1H&B58V.7B6R?$QE%7).C;
MWFR[1LUM"Z8:V%S'3!H#@2]CAE9GH&`,RNXP<X.)W`T\&_V5VDVF^TO[N.T)
MM[MDL=H7ET9:V&6-V>;4@F4ND$C/FRQAC8,22\8'=]"MTE*ON%-V;5K2?V3I
MW:5/JT$W5EUJKK&S[!VS:]D,(NN/CU1-TC5(5&<;%,\08H.3/D554F:29R)D
MZ;>TMNR:P+=<8H;B-SG89I&LB;&2X9J9C0X$D4(!<34KSK_[>WTUIML/-H+F
MZLKB.-@+C'!)-<23AK#JZB-H>WC!@=G!(8`0!F,W28X4ZBT]G*,M??-HVNI;
M0VI8-%N($/H4NJUES0(01:\61+,M6YRAWABF9)E.)RJI$2'G]>`;)-GFEYX8
M\I?7_P#MK/&KFI0GV<*4)*[A[&N/:<;6,=MU4+C6"*AZ)S<G)DR9LP!T^*`:
MU`:L61?1+?XBE:GKK!_K=A(4_4>CZ/;UV#J::MIRRZQZA]8[=EI-%5&J)+R;
M-6"JLJFR6=$2<&?O0*=-)-998EY_:*UDN+Z5S9BR2>9[:@&C9()(@/&P.9S:
M@891@20`N/#V"VE#8;'M8Y+5LL%E:Q2$%P#WP7L%RYV$=7#)'(&EP!SNH0`Y
MSA>"]&UN;2#`T9'ZKB$8S=/4?:6,Y%/I"/L#6B;Y;6KR)*L$D]?*(Q]TU<YL
MB0,8T'"C%P$>D<D@T$033C.WX',=G?.XFW@:00"TOARU!X^+),IJZE1F(RNT
MF?\``]ZV6/516;&LO[V0/:2'B&[$F5P&IH);<O&1E2QV0$2,T")1G15L\E9;
M(K&J$+.51+1C&/C8J[NG,-L%GJ&5EY)5.5<AJ:+CJDP2&5!:#(O#V!VS>I`*
M[@Z0%+DS^T-GKB1K'1OUQ)+,6&4`8?.DN.%'T<P$'``JG%V#VL+1K7&".XA%
MH`ULI+9A;.<XYCS=K8P,U8@8YG->.,XBBW>Z>];RFKM<DKTTWCF$I(6>X6MY
M$Q$PZGHR(6M=BD)LS!K+.8>MIO5?][[UT=O&1S4SQ5846Y""`F\[M6[9>W9E
MC)+`QK02,I.5H%:5=3105<XT`J5[[LULN;9&S!;7#6MF=+)(6M<7M;K'E]`X
MM9735Q$;&YB[*T!;*Q4<96`M$H8OUMFUC6J8C[@KNYA@81*/OB1%`0'ZG.&<
ME[J21-W23[A7IHV5AN)-P`#PN"__T/?QA$PB81,(F$3")A$PB81,(F$3")A$
MPB81,(L1=0/YA=V_W1;)_L;-9?V5]J;-_B(_EA<7M)_U[;W\%/\`LG+P]9^E
M5^"4PB81,(F$3")A$PBSIJV6KZ%)V5`RP5%R_FGM%=1<;<G]AC(QVG#N;":0
M72>UV1B7)7;,K]+E(=<"'*H/P3"'P>7?1RFYLY8]8&M#P2P-)%<M,'`BAH=Q
M=_9,ULVPVI;S:DR2.B+6RE[6G*7U-6.::BHP)ICH*OT%*4B)JERB)->D)VZ3
M<6,^NWD:R?R\5205@VOI`1U,OE7CQTC<6'+&0/A(R1XB414>@=@8XNU8Y67,
MD]O(P2:AH;K`2`7X\6@%`,AXSZ9<S2&\>F46;>6PAL[V&5T`O7E^I+07-BX@
MSU<22=8.)%FSF.0%]8ZYW9,ONQZM9I76C=6U5PJ,QLJ'E[I-EA(B361J#&@:
M*8PB5@XQBYG,(QL,7.G6B'!5$P7;BHNU,((\:5K9SPLO"('U;"0P9B..7S%V
M7'`EI91XW#0.TKJ;0VI:74NRF.NXLK[IKI79&N(C$-H&!_%-6A[9:QNJ*BKF
M'BKXM]BJ3NKPIJC88R*VTI#I1\C8)[8,-:)ILTB[?;7\W`O;XV@:[`J2TA#S
MD(JS?-@!J:'8KQ:;M54%&@9MX;AL\G.(BZPS5#6QEH)+&@.#,SG4!#P6G'.X
M/+0*.2]NK-]I!S*Y8S;)8`7OF;(X!LDA<PRAC&9BU\1:YO%U;'1![C5BM<E?
M]9'DZ_'0B];CXDM@W1*.W"=?!I'#;)"G-X[6=FD$TX$7:E38WL#24;'*H*H1
M;50Y!;I\RA3;LM;W)*^4/,F2$#C5.4/K(T<:F8LXKG`@N-#4X*&7:.RC+;Q0
M.B;#K+IQ(91NL,8;`\C)75B7CL801&TD91B%,X+8-`*CJ!GLZTU&S3-;&F(V
MIRI'EL?@J2'44G9IYO+SC:->,K0]]`SG4=.T5GA'+,P-^]5,44\KRVEW6_=9
M02,C?GRBN6O_`!\K:-J"T9]`(%#C0:5>M]I;.`V*S:MW#+/%JA(:9Z`7N=X<
MX-(D.JQ<X%V9O%J:46,Z5<J_,5N(D;#82);"B'.SDD!92,#2;`YK[L=/^B\'
M"WJ8@)2`I24>FZM3E@<C<QTD6ZS!N5$73?A<N;>6.:1D4/\`Q'"/2'/:'#6Y
MG%@<'/K2(.QQ)#C7*5RK&^MI[6"6YN:;289Z4<R)Y8>;:MK97,<R*E;AS"!4
M`.C;ESM4AV+L37,1)5Q*J(UVP5]SMRRVFY1,,Q;KN;/3IF@:88^3G<P\A8N0
M.V?2R-E!LW52:G9OU%7'@S=44Q"*TM+R1DQG+V2B!K6$GQ7A\QJ`"1@-74@F
MK:#,156=I[3V9#+:BT;%);&]?)*UH!,D3H;892XM::%PGHTAI:\EV5IHH1,O
MZKJC?=%AT'I9&OZ5GZ[#35HK[%5M)2\Q"6%:=MUE9MS/&BKN2A[%(.D(T5%D
M15:1S0AQ)P'A9C;/?;+N9"VDMRQQ#7&H`+<K6G`T!:`78&A<ZE50GDL]C]HM
MGP-?FMK"1C72,%'.<UY?(\"HJYKW.#*D5:Q@-%>J`RU-3F4RCLJ8J$W'MYRC
M.HWT*GK=(RFPJ^QVE4'-H4DHY*2-78YBG1#2(M6,O%L9,5>4XI%42'GCNG7]
MPZ,V<<C7EKP<[6`1N,;LM#3,3GRU+'.;3"M#A8V='L>QCG&U)X)(Q)$6ZI\C
MG3,%Q&9,PS9&C59\K)(V/KC0%N-TG;Y5(RLVD$I.&5OH4^PMZW.!*1-TFTE9
M'9>EW$&C%V.(I%8BX/R?5(BP+Q2":9'T*V642YVIS(M4HXK6=\T-6.YKK&YA
M0L&$<V:K2]Q=5QC#CH>0#QL7&6XVA9Q6EW25AVCJ'ACLS97<:>V+0U[8HVMI
M&V8Q@`.B:2VK#E8)`G=]2*M8V0:GBC.3MH*3VFFXE8V$BK2L\T[KA.6:2%;6
MI$I+W,7.Q6L^F+:.7048RR_E`JK8ITWS>(VU^'/8X.RU<(J`N+:2R4(=G`92
M,LQ<#F:,E'8M-D7^QBV*5A9FHQUQ5S6MD)MH<P+#$YTM9A,,K""R0ZP%@(D;
M&V-TJCN96=LK"TCFL-J_1U9C(^%DX37'=+MM?5<-F3(6-[4;`NLZ8W.(.68:
MLF9YBPE=*]VNJDF=)>9UM.V,-=$2YTTSB2#)_P#H[5C*'MP+#Q"3DCH*@$U%
M6.^LWSE\=RUK66EK&T-<V'$0QZ]V<QO-1*TZQK6ZR;,:.(!#H]N*RT->ZU!.
MFR$8>LUV[[`=-"19%081M:D]MSU@K0(%!(`*@:L.VZA4B\5$2CW:A2*%,0)=
MGPW0MK@W#':Y\48-=)<(FM=\8''=TC!5=MW6SW7]F+&1G-([B8C+H:QUP][*
M=S5D&FD:"`00LJ26WM<K3-^N#:QIJ6C8]5W/KRP'%C)I$)7X;7FQH6AG3$R2
MB"C._C(4Y!(2@59)]!.E'!4R+%.>DRPO!':VYA^8A?#(W$>,9(R_V64E)W"U
M[0*D4'8EVULPS[1O6W0YW=0W,+\'>(V&9L7<I-6V`W0^)Y<`'`FT%N.ETU:X
M9^@S<4LTSKA:"B7LW$33RN!'03I"<>>CS+7WA5>8Q<N)"V!-^J_+9%>1P1O*
M<G?HR<WVB1-E)%QEDJ0"`ZKAE&8R<8D?HRW+JQ459H,(OMA!UJ9&M-AG@R-+
MFN+,K"'G((:L#7?I@\OUQHX-EIF;<H?85/8HN(:2FH,'#N-HJEM6DIZ%N+F9
MBX7<D=,.(V9L[*LP,-:9"-JJBZR234CQP$:JDT[TYFO@K2.2TN'%LC(W4!?E
MHTL`)A(!#2YQ:"Z@)-!F!=09LSI(-I648=!+/'G<R+6%SVR%S6W(<6ND#&-D
M<V.I`;F.0AE269&8^7OE"481%>4=1AZP;4FR6TY%,HI-B#V]*;4V?8*:LX73
MBP47L*,$ZB"LGRG>&:-%"M@.1$54<MBUN@Y\H:[7:^/*2:T9JHVOW?%S!V9N
M%3C2M"N:[:&SC'!;%[.:\RG#VAM*R\XG?$2<N+PPQY7FN5IRU#:M5]VXS,&L
M]N+OG-<439=1%%C:/#HQ#9C9:=4CUO>)WE:49ECVSVD1K99JP2<5U<R2S5\U
M,HHU2$P+.(K!W_,L`UKZFT>7FI+7OS0T=6I#SBXB05!::!QT"SMEAZJVRZ1T
M1#=IQ-B:&@/CCR7564H#$T48'0D@M>VI8*YG:9YZ)>'3")A$PB81,(F$3"+M
MU_P7_P#FBOO]P=H_XAZLSP/]Q?L2U_BF_LY5]F_L;_VS:/\`ZZ3]M;KTVY\9
M7ZJ3")A$PB81,(F$3")A$PB81,(HA=J^-A@UD$2\7S0WA;'ZIU4RF`Z''L['
M"0B4/>Y^41]S)H9-6\$^*=*K7<.NB('CC$?X[JU:,4Q3"4P"4Q1$IBF`0,4P
M#P$!`>T!`<Z:\\OS,HF$3")A$PB81?::9U5"))$,HJJ<J::9`$QSG.8"D(4H
M=IC&,/``]\<QHQ*R`20`,5L:E33(T5S7DQ*60=H%=N#APY5)$BJ#HJ0GX?S8
M&;D1YO\`LAQSG&:LXD]Z/<7<%K2T=`/'(K[.G_*B_]'W\81,(F$3")A$PB81
M,(F$3")A$PB81,(F$3"+$74#^87=O]T6R?[&S67]E?:FS?XB/Y87%[2?]>V]
M_!3_`+)R\/6?I5?@E,(F$3")A$PB81,(F$3")A$PB81,(F$54R?/8UVVD(YV
MZ8/V:Q'#1ZR<*M7;5PD8#)+MG*!TUD%DS!Q*8I@,`^X.:N:U[2Q[06G2#B"M
MHY)(GMDB>6R--00:$'?!&(*IA$3")C")C&$1,81$1$1'B(B(]HB(YLM=*_,(
MF$3")A$PB81,(F$3"*]RMFLDZW8-)RP3<RUBDS)1C:5E7\BWC4C$13,DP1=N
M%DV:9DVZ91*F!0$I"A[@!PB9##$7NBB:USM)``KWZ:5/-=75PV-D]S(]C!Q0
MYQ(;HT`DTT#1O!63)5`F$3")A$PB81,(F$7;K_@O_P#-%??[@[1_Q#U9G@?[
MB_8EK_%-_9RK[-_8W_MFT?\`UTG[:W7IMSXROU4F$3")A$PB81,(F$3")A$P
MB81,(L-W^BG<G6G85(3KF^'(,$R\3+#_`*SIL4.TRH^ZH0.TW\H.WB`W()Z4
M8\X;A7+O+0N)FB&.Z/\`,?YK!P@(#P'L$.P0'W0'+JY*9E$PB81,(OTI3&,!
M2@)C&$"E*4!$QC"/````[1$1S"+/5`HQXX23<PD`/1*!F#0X<1:%.7M77*(=
MCHP#P*7_`/&''C\(?@T;B?-5C/%W5V+.T+*2RCC[@WNZ>[[G?T9:RHNDO__2
M]_&$3")A$PB81,(F$3")A$PB81,(F$3")A$PBQ=O&/?RVE=P144Q>2<I)ZNV
M!'QL;'MEGK^0?O:G+-F;%BS;$4<.WCMPH5-)),ICJ',!2@(B`9=V8]L>T=GO
M>X-8V=A).``#A4D[@"Y.WXY)MA;:AAC<^5]I,&M`)))C<``!B23@`,25XZO9
M3ZHOV;=^?H=V'\G<_077FQ/OBU];'RE^)_PAVL_I?:/\M-R$]E/JB_9MWY^A
MW8?R=QUYL3[XM?6Q\I/PAVL_I?:/\M-R$]E/JB_9MWY^AW8?R=QUYL3[XM?6
MQ\I/PAVL_I?:/\M-R$]E/JB_9MWY^AW8?R=QUYL3[XM?6Q\I/PAVL_I?:/\`
M+3<A/93ZHOV;=^?H=V'\G<=>;$^^+7UL?*3\(=K/Z7VC_+3<A/93ZHOV;=^?
MH=V'\G<=>;$^^+7UL?*3\(=K/Z7VC_+3<A/93ZHOV;=^?H=V'\G<=>;$^^+7
MUL?*3\(=K/Z7VC_+3<A/93ZHOV;=^?H=V'\G<=>;$^^+7UL?*3\(=K/Z7VC_
M`"TW(3V4^J+]FW?GZ'=A_)W'7FQ/OBU];'RD_"':S^E]H_RTW(3V4^J+]FW?
MGZ'=A_)W'7FQ/OBU];'RD_"':S^E]H_RTW(3V4^J+]FW?GZ'=A_)W'7FQ/OB
MU];'RD_"':S^E]H_RTW(3V4^J+]FW?GZ'=A_)W'7FQ/OBU];'RD_"':S^E]H
M_P`M-R$]E/JB_9MWY^AW8?R=QUYL3[XM?6Q\I/PAVL_I?:/\M-R$]E/JB_9M
MWY^AW8?R=QUYL3[XM?6Q\I/PAVL_I?:/\M-R$]E/JB_9MWY^AW8?R=QUYL3[
MXM?6Q\I/PAVL_I?:/\M-R$]E/JB_9MWY^AW8?R=QUYL3[XM?6Q\I/PAVL_I?
M:/\`+3<A/93ZHOV;=^?H=V'\G<=>;$^^+7UL?*3\(=K/Z7VC_+3<A6Q_TV]1
M44ZA6,GH/=,<]LDFK"UUF_U9>6;J?F4(:6L2\3"MW$$FM*R:-?@'SXZ"`**E
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M`4N)Q]SCCKW8GWQ:^MCY2?@_M;_2VT?Y:;D+.*?2OU/+)IK(]..^54E2%425
M3U!L(Z:B9R@8BB9RUX2G(<H@("`B`@..O-B??%KZV/E)^$.UG]+[1_EIN0OO
MV4^J+]FW?GZ'=A_)W'7FQ/OBU];'RD_"':S^E]H_RTW(3V4^J+]FW?GZ'=A_
M)W'7FQ/OBU];'RD_"':S^E]H_P`M-R$]E/JB_9MWY^AW8?R=QUYL3[XM?6Q\
MI/PAVL_I?:/\M-R$]E/JB_9MWY^AW8?R=QUYL3[XM?6Q\I/PAVL_I?:/\M-R
M$]E/JB_9MWY^AW8?R=QUYL3[XM?6Q\I/PAVL_I?:/\M-R$]E/JB_9MWY^AW8
M?R=QUYL3[XM?6Q\I/PAVL_I?:/\`+3<A=HW^$GI/<NM^HZZSFQ-2;.H4(ZTE
M8XEK,72A6JK1;F47O>MWB$:WD)R*8M%I!9HQ75(B4XJ&31.8`Y2&$/%=O-I;
M.O-D6T5I?PRR"Y:2&/:XTR2"M&DFE2!7NA?6?[-[!VYLOM/?W&T]C7=O`;![
M0Z6&2-I<98"&@O:`20":5K0$[A7H@SY*OTJF$3")A$PB81,(F$3")A$PB81,
M(F$4#LE`B)\RCI+C&R1Q$QG2!`,DN;ZKEMS$*<P_]HHD,(]HB/N9/'</CP.+
M53GLXIJN'%?OC_,+#TIKRSQIC"1EY10`1Y5H\W?B(>Z'%L($=`;A[O`@AQ]\
M<N-N(G>^H>ZN9)97$=:-S#N<&E1-:.D&YN5=@\0,`\!*LU73-QX`/#@<A1X\
M!R4.:=#@JY8\8%A![R_48R1<FY&\>]<&$>`%1:KJF$1]P.!$S#Q'!<T:7!!'
M([`,)]A2^+US9I$2F6;$C$!'M5?G`A^'#B/*V)SN.;ZG,4H<??R%US$W0:GN
M*S'8SOTMRCN\&E9DK=%B*Z)7'`7\B`?]]<$*'=#P[?!4`$Q$./\`VN)C_P#W
M<.S*<D[Y,-#5TX+.*#C>,_?/^6\IKD*MIA%__]/W\81,(F$3")A$PB81,(F$
M3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3"+6C>WY
MTNB[_P!R]J_^'75CA9WULOA83")A$PB81,(F$3")A%9IZN5ZU1JT-:(&&LD.
MX_[Q%3T6QF(U?X!T_KS&00<-5?K:AB_"*/880]\<(M>U.C+IB1.HM5]0P&KG
MJO,*LKHU[/Z!G%3*+"X455GM*2]!F5%E%AYC',N)S"`<1'E#@6:G?7$/35,Q
M!SCK_J<ZG*$V$IP+&KW2F[@9CQ4343(H^ZBM?;CLPI%[H""*<BDL9,3!W@&,
M)L)7N+[&I=7D"(C#[ITE?6#<RID8V_:/L];LLB7E`$$7M\HVWR5UB8!('.JC
M3E.)CF,"8`!4\)@OCYQNJF`4*:T],U+M;`ID"F5TIU!,;#/+$*107;@8#<>N
M-$0K-4QDP[E`)QP414`IUB@!C@3#?7[[4;"'+PV)HKJ=UPXY.;P=72D]N$@&
M%3E*FI)=,;C>T*CQ2`5!4.Z*BF0.!SE/P*)*=U7",ZP^EB3D6\(/4#J>$LCH
MZQ&]1N%TA:+=5!;\G?B%*NCJ!M8$2,H!3&%F!0.`EX\Q3`!*'>6Q+1VU?MD'
MK%RW>LW21%VSMHLFX;.$5`YDUD%T3'262.4>(&*(@(86%481,(F$3")A$PB8
M1,(F$3")A$PB81,(F$3")A$PB81,(F$3")A%_]3W\81,(F$5&XD8]H/*Z?LV
MPAVB#AT@B/OC[BARC[@9D-<=#25JY[&^,\#OE<",W#.!`$)>,7$1X`"+]JH(
MC]0`(J;B.9+'C2P^!:B6)WBR-/LA7/-5(F$3")A$PB81,(F$3")A$PBIGCQM
M'LW3]ZL1LS8MEWCMPH(@F@V;)&676.(`(@1)(@F'_(&9:TO<UK15Q-`M7O;&
MQTCS1C023O`8E8I^?W3?TA5_XY?[!E[JR_Z*Y<OKW9'3X_;X$^?W3?TA5_XY
M?[!CJR_Z*Y.O=D=/C]O@3Y_=-_2%7_CE_L&.K+_HKDZ]V1T^/V^!/G]TW](5
M?^.7^P8ZLO\`HKDZ]V1T^/V^!/G]TW](5?\`CE_L&.K+_HKDZ]V1T^/V^!/G
M]TW](5?^.7^P8ZLO^BN3KW9'3X_;X$^?W3?TA5_XY?[!CJR_Z*Y.O=D=/C]O
M@3Y_=-_2%7_CE_L&.K+_`**Y.O=D=/C]O@3Y_=-_2%7_`(Y?[!CJR_Z*Y.O=
MD=/C]O@3Y_=-_2%7_CE_L&.K+_HKDZ]V1T^/V^!/G]TW](5?^.7^P8ZLO^BN
M3KW9'3X_;X$^?W3?TA5_XY?[!CJR_P"BN3KW9'3X_;X$^?W3?TA5_P".7^P8
MZLO^BN3KW9'3X_;X$^?W3?TA5_XY?[!CJR_Z*Y.O=D=/C]O@3Y_=-_2%7_CE
M_L&.K+_HKDZ]V1T^/V^!/G]TW](5?^.7^P8ZLO\`HKDZ]V1T^/V^!/G]TW](
M5?\`CE_L&.K+_HKDZ]V1T^/V^!8%W!MC7,[L+I5E(BW1+^/I>^K%9;2[045%
M*$@772_U(4YO*/1,D42ME;/;(YD`@!A[YXF'#@(B&.K+_HKDZ]V1C_SX_;X%
MGKY_=-_2%7_CE_L&9ZLO^BN3KW9'3X_;X$^?W3?TA5_XY?[!CJR_Z*Y.O=D=
M/C]O@3Y_=-_2%7_CE_L&.K+_`**Y.O=D=/C]O@3Y_=-_2%7_`(Y?[!CJR_Z*
MY.O=D=/C]O@3Y_=-_2%7_CE_L&.K+_HKDZ]V1T^/V^!/G]TW](5?^.7^P8ZL
MO^BN3KW9'3X_;X$^?W3?TA5_XY?[!CJR_P"BN3KW9'3X_;X$^?W3?TA5_P".
M7^P8ZLO^BN3KW9'3X_;X$^?W3?TA5_XY?[!CJR_Z*Y.O=D=/C]O@3Y_=-_2%
M7_CE_L&.K+_HKDZ]V1T^/V^!/G]TW](5?^.7^P8ZLO\`HKDZ]V1T^/V^!/G]
MTW](5?\`CE_L&.K+_HKDZ]V1T^/V^!/G]TW](5?^.7^P8ZLO^BN3KW9'3X_;
MX$^?W3?TA5_XY?[!CJR_Z*Y.O=D=/C]O@3Y_=-_2%7_CE_L&.K+_`**Y.O=D
M=/C]O@5NEMRZ%GF"\5.VVG348Z*!7,;+-RR+!P4!X@5=F\9K-UB@(<>!BCVX
MZLO^BN3KW9'WA'[?`M>7FM/\/I5TXD8BJ:GHDV[6<.G5FU,U>Z;MSAVY#@J\
M7M^J1IMG5>@(B)%C.Q52,8QB&*8PB..J[_HKEGK[9'WA'[?`KA`Z]U_*RK6#
MTUU?=1=/D%C`NE%,MI,MSK.F[)!19XB*_5'3-[O`173`YU3%6(J7_P#$=,"E
M`(Y;&[@89)8'-8-TJ:WVMLZZE;#;W3'RFM`-.&)61O0;JU@"]W7^H'55T9(D
MXD0VKH*1"S/U.\X\CBW:QVW0*VP)W9A^$G55A$2E[`^$(U5T,-Y?*M]ZLZ^4
MRL[TZZRN;-(R@`?4_4$Y7LCXB8`)%2UG:>I=95V/57$W`J0V5P4O*(F5#LXD
MPWU]CU-GAA'YP^GCJ?UV015!-0-5H[G!4B9>8J@)]+UDWRLB"W,4"%5(F?B/
MPBEY3<I*=U5#3K(Z6EG3>-E-Z:]I,VZ6;MFU8VC-$U'<%G+H.*#4E.V>G4;0
M+I3L^M^"<X<Q>(!S!Q)0[RV'BI:*G8]M+0DG'S$4](*C.3BGC:0CW:93F3,H
MV>-%%FRY"J$,41(80`P"'NAA85PPB81,(F$3")A$PB81,(F$3")A$PB81,(F
M$3"+_]7W\8116S6^,K*(>$&\(?*$$S>/1,'?'#M`%%C=H-T.8.',(<1[>4#<
M!X2Q0NE.'B[ZKW%S';CC8OW!_C0L"35ZL4T<Y3/3L6IA$"LV!C-T^0>SE55*
M/?K\0]WF,)>/N`'N9?9!&S<J>ZN/+=SRUXU&[PP_^U#Q$1$1$1$1$1$1'B(B
M/NB(^^(Y*JJ9E%>XJQS4*<IHZ1<($*(<6XG%5J<./'@=LKSHCQXCV\.(<>P0
MR-\;'^,U2QSRQ'B/(&]N>!9MJNQV<P=-C+$2CY`_`B2I3"#)T<?<*43B)FRI
MO>*8Q@,/N&XB`92EMBP%S,6^VNM;WS92&2#*_P!H\"R;E97TPB81,(F$3")A
M$PB811#87X@WC\D++]Y7N6+7ZU;?2-]T*I?_`%"]^A?\DKHTSZ,OB:81,(F$
M3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB8
M1,(F$3"+8[I0_/97/ZOL7WC?9R=M_9TW?;\H+T79;[9M_@O^25VV9X=?54PB
M814SQDSD6J[&0:-G[)R04W+-X@DZ:N$Q$!%-=NN0Z2I!$/<,`AA%KM)]'?2S
M)/%Y5+0>KZ]/.0(5>TT:J1NN[DH1/DY$_3*AI5RTE2**9>!0>`7B4.SL#"S4
M[ZH#]+Z$4!S:\W_U0ZW<*=^8SDFY)#<P@JX)W9UB,^J.,WW&)<I/Y"94`13'
MX1"%/P-A*]Q"Z\ZJJ^`)UGJ3HUO:)]X<2;HT`VF9]X"9`\';%L.GMD:3@HPZ
MYB\%G`P#P"\W,1``+R&)AO+Z"X=74#P\MZ/TS>6")DDU)#7>];%"V5_S%YEG
M#>C7[4$778Y)+E$H$/;USF,)>T`$PD)AOKB3ZEY>)3!;8W3)U.ZZ;\@F.Z2H
MU4W0F(E5%'BC'],]]W=8SD4Y1.0#L$U>[X"=,AC`424[JJD>LKIA37396/<=
M6UK*++&;(06Z2RNB[&X<%$H&0;5O<<;1IYPL43<!*1N8P"!@X<2FX$H5L#`V
M.O6J-1F:O/0UDAW'_=Y6!E&,Q&K_``"*?67T>NX:J_6U"F^"8>PP#[X86%><
M(F$3")A$PB81,(F$3")A$PB__];WHVRQHUJ*4>"!5':HB@P;F'^=<"`CS'`!
M`W<HE^$<>SW@X@(ADL49D=3<W57N9Q!&7>^.COK5IX\=2#I9X\6.X<N#BHJJ
MH/$QC#[P>X!2E`.!2AP`H```'#.FUH:``,%Y]SG/<7O-7%4V;+5,(F$3")A%
MG[7%N/))>0I)43O6R0G9.#B(G=-B?RTE##_*7;%X<!]TR?N]I1$>?<PY3G:.
M*5V;&Y,@U+SQ@,#OC_X]Q97RJNBF$3")A$PB81,(F$40V%^(-X_)"R_>5[EB
MU^M6WTC?="J7_P!0O?H7_)*Z-,^C+XFF$3")A$PB81,(F$3")A$PB813^*UC
M<IJ.B9*.912J4\B\<0C16U5-G-2Z3%Z\CG(QE>>S;>>?'*^CUDBE2;&,H9,>
M0#=G&J^\MXW/8]SJM(J<KB!4`XN`RC`C=5^+9MY-'%)&QA$@):,[`YU"0:,+
M@XX@C`8TP4#[L_)WO(?NQ.*8*<H\G.``82<_#EYP*/'A[O#+-=S=5&AI6F"_
M3HJIB0%$E""J0BB8'(8HJ)J?S:A`,`"<A_>$.P<5!T%""*5"ND?`3$H2249,
M5%21$<[E9$QSI-P;L6"S9!XK_O*B/?';JO$@,FGS*_##X/#CPT=+&S('.\8@
M#OG1[BEC@EE$A8RH8TN.Y0"@.G>J,!BK44AS%.8I#F*F`&4,4HB5,IC%(4QQ
M`.!0$Y@`!'WQ`,W45":X*0.*G/-4JVJX:(I^EQ.]@$/*,89X[0%X#!)RNP(\
M,]C6KIUQ*@JZ3137Y#"F)BD,(1">)QF`=^C\;`T&%=-*$@:0*TW58=:SM%N7
M,'SOBBHJ<:5(K4`G07``XTK0J]2NM+A"]KUG%'(27;P+M:.M-5F6\7+NE%44
M&,VYAYI\A!*G50.'%X9`H"0W$0Y1X:,O()/%<ZN6HJUPJ!NBH%?8JII=FW</
MCL;3.&FCV.#7'0'%KB&_^5%"U&;E-91N*0G42<BS-W!BN4S.0.8@))+-S*HK
MB<Q!Y!(8P'`.)1$.W)PX$`UPI54RQP<6TQ!IACC[&E<0(JF%0"I*&%$ICK`!
M#"*1"F`AC*``?`*4Q@`1'@`".9J,,5K0XX:%<'D+*,"1)W3)5,L['EE(C@)%
M3/F!WSV-*X2(B90X`9]'+I\I@*?BF(\.`@(ZMD8[.&N\4T/<-`?<(4CX98Q$
M7,(SMS-[HJ17P@CV%;2D.<#"4IC`0O.<2E$0(3B!>8W`!Y2\Q@#B/9Q'-E'0
MK]4342.*:J9TE"\.8BA3$.7B`&#B4P`8.)1`?\V`0<0<$((-"*%?&96$PB81
M,(F$3")A$PB81,(F$6QW2A^>RN?U?8OO&^SD[;^SIN^WY07HNRWVS;_!?\DK
MMLSPZ^JIA$PB81,(F$3")A$PBXET$7**S9RBDX;N$E$%T%TR*HKHJD%-5%9)
M0#$424(82F*8!`0'@.$6O<YTC=+MADEYQ_T_:B0LKDRASV^$H=>K-V355+R'
M6:W6ML8JULG!@`![Q%XF<#%`0'B4!`LU.^K2'2S!PX@KK[<G4KKAV4R0D69[
MTN>SV21$"\B*#6L]0KG<U.8M$R@4`10CDDN4@!R\HF`Q*KB+K#JBKW,G4^J>
M#M2')RE/OCI_K=ODA$5SJF/X;H^X]-<<1;NN1(AA8'3(4#&,FH80$I,-Y<HV
M;K!@.(2.H]#;$8H&5.M)U#<]SHMC>)`7@@C'42V:BL%?!P8Y>)A<6]$@`?@'
M'DXG)@O@.H^T1!S>GO2QU*TQFB`=_-1T!K?;<8KW:)5'2\=%Z,V?LR^.6B:@
MB5(%H-L[7X`)6_$>4"4[J^PZS>F=F($MVTF.IEC"D0C7?5?N'3T\44<%$[=%
M)EO&O:^=K.'"0<Z:92"<Y.!B@)1`<)0K/E9N%2NL<67IMIKEMB3\.24K,W&3
MT<?FYN'*]BG3ML;CRCPX&]X<+"D>$3")A$PB81?_U_:_L68-*6-PW*<1;17%
M@B4!^""Q!XO#\/<`XK\2#_D(&=*W9EC!W3BN#?2ZR<M]ZW#A_P`=Q0/+"IIA
M$PB81,(F$59'OEXU\T?MC<J[1=-=,>/`!%,P")#?5(H7B4P>^`B&:N:'-+3H
M*V8\QO:]ND%;@,G23YFU>HCQ1=MT7*7'W>[73*H7C_E`INW.006DM.D%>F:X
M/:UXT$553F%LF$3")A$PB81,(HAL+\0;Q^2%E^\KW+%K]:MOI&^Z%4O_`*A>
M_0O^25T:9]&7Q-,(F$3")A$PB81,(F$3")A$PBV9I^R:M$0>M$G\LU1"H-)9
MO/Q(T&)EYY^D]ME@ESMH"WND4I2".\BI0B95&SQN+=4QE"_"`>/'GM)I)+PM
MC)UA&4YR&BC6CC-&!H1N@U&"]):;1M8H-FA\H&J#@YNJ:YQJ]SJ-D/&;5KJ5
M#A0XKB;;'J7D5NW=2\T$`:E0]55UPBQ,NV9S+-ZR4>VANN[,,$JN95!6037,
M3PE1TKW*A`1$PCDVD^L)$;=;K"[65Q((-&X8[S::*"HQ6&[0M-2UKY7ZC4M9
MJ0*@.!%7@GBUP+@=)<:$44NE-R5I!H\=QUD=.;"V^<E.$DF[6SG=H(VR%B$(
M$R3VPO'BC%9D]BQ%8C4&C1!4Y3MT`X&4&!FSY2YK7P@1'5U'%IQ2:X-`K4'"
MM21I.XK<FU[9K'NCN2;@:[*0'U`>UH;BXFA!;CERM!-6MW5$5=GQ3JL2B;FV
M39C2FLDZGZ&J-'[AJG;$W+!>2LCEXJN:/44GG2#AX=R7G=G6=G(H!2]IIQ9O
M$S"(&\6;-GJ*Y:&C::>**"FB@%%4.THG6TH==/XUMDU="1GJ*O)K3C$%U?&J
MX@]VUZYV!!UZ&K#=S/2<"2O6B6FK1!,8]9VWV)$OV\4BA%.#)J%:*J`W:.&9
MTGP%;I(.!53,*@G(;>[M9)9)B(@[.P!I)H6$5QW]T'#$D4.%%%L^_@MX;9KI
MW,$<KG/:!42M(;1IW-`+:.P`-1C4*/6?8*=@F=9/'$E+/&=3A8!J^1?.'CL&
M;QG,.'4AX&#I94RW,Q*W)W@"!E`2*`B/*'"6&UU4=XT,:'/<XBE!4$85IW:J
M"YOQ<3;->Z1Y9$QH-230AQ)I7N4QW:#>4L1NM&K]CL<W'S,C.&N%V@Y5PGY#
M.P;0<%'W=G<':YU'+E1R]ES&8)()$23*0$S*B)^)BER$V]S+%%&^,-U<9&FI
M)+"T=X8U->XK0O+*"XN)HYG/UTS7'BT#6B02$XFI=@`*"E*XJ_'W3%+3K1$L
MG($@DJ/)P\<+DLTA'P5K?SCYX:=,U@9&-E156AEA9'=-E/"DT7)@+S%*)!BZ
MO>(W'(-9K`3HJYH`%*N!&G&APJ/94YVQ$9V`2NU`@+17,`UY<3FHTAV+>+F!
MJ`>Y14ZVTH-XZ?*L[:_J#M.PQ\M*S-?@Y0#WF/9U6*ASM%6<A*RRCAT$E'N5
M`\K*F1>>'J+N."@G2'(LI&AH=`)&Y"`'$<0EQ-:@#"A'BBHR@##%:G:<+WO+
M+MT3M8'.<UKOG`&-;2A<ZIJ">.:.S%SL:A4K;:C!]78&,<7&PPLVVUXK46\T
MJ24=^C$DWN@3*SALNT<*.DV5EK)4&"JS-/PE)-DFB8AD?@AL;)S99'BW8Z,R
MYJ8#,,E-W"K75<`<,2=*T;M2-]O!$Z[D9,+?5AW&.0B3-44-:/91I+<0&@4H
MJ^3W3&B>`;PLY,,D4=@1\_:)`T2FIZ1IQ=4H$5Z02D1X8DW?FDK#77;Y1D94
MO,82*&$%N4Q=&;/=24R1-)U1:T5\6KGG*#3"C7`5IW-"DEVQ'6!L,SV@3ASS
ME\?*R)N=S:T-7L<XMKO'3B,7;7L<-99.%=QDJ[EW3:(.TE'1UIQS&$5&3?NV
MS:%7M2KBT&9HMW0<Q'BJO=J")4S=WPRY8PR0LD:]@:TNJ!A70!CEXM<-P#NK
MF;4N(;F2%T<I>\,HX\8M\8D!I?5]`#[XFAT8+%67ERTPB81,(F$3")A$PB81
M,(F$6QW2A^>RN?U?8OO&^SD[;^SIN^WY07HNRWVS;_!?\DKMLSPZ^JIA$PB8
M1,(F$3")A$PB81,(F$76OUCS<U&[-@D(Z7E(]`]$C%3HLI!VU2,J:P6<AE3)
MH*ID,H8B90$PAQ$"@'O9Z[8$<;[.0OC:3K3I`/O6KYUVOFFCVE`V.5S6ZAN@
MD>_?O+4WTLM/K+8//,CXSG;U$/H6^`+RO.KKI,GG'A3TLM/K+8//,CXSC40^
MA;X`G.KKI,GG'A3TLM/K+8//,CXSC40^A;X`G.KKI,GG'A4`BJG5H*</9X.M
M0$-95.;O+#%0T='3BG.9,Y^>6:-D7YN8Z)!'BIVB4!]X,:B'T+?`$YW==)D\
MX\*G_I9:?66P>>9'QG&HA]"WP!.=7729/./"GI9:?66P>>9'QG&HA]"WP!.=
M7729/./"GI9:?66P>>9'QG&HA]"WP!.=7729/./"GI9:?66P>>9'QG&HA]"W
MP!.=7729/./"K[$6FSFC[2)K'/&%.!;G3$TO(")#C9ZXF)B"+CB4PD.8O$.W
M@(A[^120PYH?FF^-O#R7*>*ZN=7=?\A_B#WQ\MG=7__0]E+E<SEPNY/_`"W"
MRJY^(\1YE3F4-VC[O:;.R!0`+RSCF<7'=*X<RL+K?CMMV-73%#8GV"]/LE7K
MB+KV:8C/\UM/6V?63-,I"J/F?A'E+R8WU(W*51N8G(6%*`B'<\!SUK[&$;0N
MG<U'-.K<X.7BYC:@AP.BNMW?+[J^71;:NCL+9T9VD[K4]H-2\9_G,@VF\.C(
MKFRBW&+=&J_TJ"O.J_<TKJ&/LEK;TAJ79O3"[WU64Z`C<JK,5%U"WO5U8>0+
M^PN+=*KS1)5IL5)RFX:H19VAD%&Y@<E$%QLMV)L]E^^&`R'4W@A=GR.#JLD<
M'!N44H8Z4)=6H.&A<]_;';LVQ8[J\;;CG>R3=LU(EC=&6301EA>9'%V83!P+
M1&6T+>..,I?<NL;:%3IDAM`L1K:2KDT]ZFZ[5:`DUL)-@529Z?ZAM:R,YB[2
M(6-1A-QDJOK$$9ADVCHI6$\IMP*Z=B;CE>WV!9SW#;//,)FBW<Y_%R.$[HVD
M,&6H(UE6$N<'Y3Q6J]?=M]K6=C+M80VKK61U\R.&C]=&ZSCN'ATIST<UQ@I*
MQK(S%G;QWU4BE^HS?4&YN%-58:KFKRR+H&7KCB$A9%HF:'W0GL=65A(RCV?:
M\`\V;;J<CK9TLDW8SL,O+,SJ+IM4CMS-U8H]D[,D$%P'3MMCKPZI!QBU="7M
MB<(VOU@%2QX::`N-:BS-VG[10/O;$QV<FT&\S<PM:X<6ZUY<QL4EPPSR1"!Q
M`9+$9&U<&`MRG;;2E_4V?J^JW9=W$/7TJA)-95:"CK!#QA9N!F9*O3C5"(M3
M=O8(I5C,12Z"S9R"AVZZ9TP57(4JRG"VC:BSO)[<-<&MH1F+2:.`<#5O%-00
M01I&-!H'L]@[2.UMDV=^Y['2/#@XL:]K<['.8\!L@#VT<T@M=6A!&9P`<<IY
M3774RC[/U*),T&]!U1I"T55L0$(R;N74'?:+8GG(`"Z*^J\+TR[&C8XK5V8Z
M*0IS#KOD4RJF!(QQ13Y=P*2O7H+)V:VCKI%1[:J_2KK'Y@`-#],_)RFYC>UG
MM(#`8!+R@!?8L$!*("/$>(<.`=@\>R%6\%^^E76+]!/31^]CM+_HNPF">E76
M+]!/31^]CM+_`*+L)@GI5UB_03TT?O8[2_Z+L)@GI5UB_03TT?O8[2_Z+L)@
MGI5UB_03TT?O8[2_Z+L)@GI5UB_03TT?O8[2_P"B["8*/6ZS=62M4LZ4UI3I
MV80ZM>FDY9]%]4.RI>291IXUR5\[CHEWTA0C64?-FHG.BW4>LTUU"@0RZ0&%
M0L]K]:MOI&^Z%3OZ<PO?H7_)*ZO<^CKXFF$3"*ZMX.;=N7#-K#RCEVT+SNVK
M>/=K.6I.)2\[A!-$RJ)>8X!Q,`!Q$,T,D;0'.D:&G0:C%2M@F>YS&PN+QI`!
MJ.^-Q<3")E945BQ<9(21FR957!6#-R\%!(RA4BJK`W34%),RIP*!C<`$P@'N
MCASV,IG>!7?-%B.*66HBC<ZFF@)IX%^NHB58'=)OHR09G9"W*](Z9.6YVAG9
M!4:E=%62(+<7)"B9,#\.<`XAQPU['4+7@@Z*'332CHI6%P?$X%M*U!%*Z*[U
M=Q6[-U&OHI3''E(4QC=H\"@)AX``B(\`XCV`''_-A9TZ%\X6$PB81<R[=PU.
M5-R@LW4,BW<%372.D<S=VW2=M%RD4*4PHNFJQ%4S?R3IG*8!$!`<P"#B#4<&
M!]M;.:YIHYI!H#CO$5!]D&HWPN(`$P@4H"8QA`"E`!$1$1X```':(B.96-*"
M`@(@("`@/`0'L$!#W0$/JX1<I&[A1%9R1!8[=N9(CA<B1S(H'7YP0*LJ!1(D
M984S<@&$!-RCP]P<Q4`@5Q*R&N(+@TY1I.]70BS=PV%,'""R`JHI.$@62.D*
MK=<@*(KI@<I1.BL00,4P<2F#M`<`@UH:H6N;3,TBHK[!T%<.96JJ#-71$`<G
M;+D;&5%N5P9%0J`KE3(L9$%1*"8JE15*82\>(%,`\.`AF,P)I456Q:X-S%IR
MUI7<JJ?,K579*"F5V(R:,6^5CP!P8'9&RID#$9E`[Q1,X%X*ILB"`K&+Q*D`
M@)Q#B&:&2,.R%XS;W?T>'<WU*()G,U@B<8\<:88:?!N[VZK>NW<-510=(+-E
MBE3.9%=(Z*H$53(LD84U"E.!54E"F*/#@8I@$.P<V!#A4&H6CFN:<KFD'NKA
MS*U7,@W<.CF3;(+.%"HN'!DT$CJG*W:-U7;M<Q$RF,"+5JB=50W\DB9#&$0`
M!',$@8DT'#@/;6S6N<:-:2:$X;P%2?8`J=X+AS*U7,JW<(D;J+(+))NT3.&B
MBJ1TR.FY7"[0R[<YR@59$KIJJD)B\2@HF8O'B40#`(-0#B-/N^XMBUS0TEI`
M(J.Z*D5&_B".^"CANX:+*-G2"S9PB;D50<)'162/[O*HDH4IR&X#[@@`X!#@
M"TU".:YA+7-(<-PKAS*U5<C&23E>-:MX]\NYF#)$B&Z+1=5>5.L\5CD2QJ)$
MS*/C*R"!T"@D!A,L0Q`^$`AFI>P![BX`-TXZ,*X[V&/>4@CD<Z-K8W%S_%%#
M5V-,-_$4PW<-*_$HV17!^*#!ZL$4@9U)BDU74".;$<HLS.'_`")CX&@5VY32
M$ZG*4%%"EX\Q@`1>P9:N'&T8Z=W#?PQ6!'([/E83E%3@<!4"IWA4@8[I`5%F
MRT50W:NG:A$6C9=TLHH5)-)NBHLH=4X',1,A$RF,90Y4S"``'$0*/U,P7!HJ
MX@!;-:YY`8TD]S%4^96J81,(F$6QW2A^>RN?U?8OO&^SD[;^SIN^WY07HNRW
MVS;_``7_`"2NVS/#KZJF$3")A$PB81,(F$3")A$PB81=8?6I^=.`_("*_M%:
ML]CV>^I2_2GY+5\U[9?:<'T#?EO6H.=U>24YKVOIRR1"LZU>5J.BTI$\3X58
MK5`5LBK]-LB\.W;^6Y!D+@Q&ZY3#R<W`!RM+=1PO$;FO+Z5HUKG8:-P%7K>P
MGN8C.U\;8@[+5[VLQI6@S$5P*BR\8]0>+,01%RLB=4@&9"#UNX(DL9N+EFY:
MBJB[9J*$'D63,9,X<!*(@.3A[2T.K0=W#P[Q[BJNC>UY92I&]B#N5!&!&\1@
M572]8GX*4F(:4BG3>1@%E$)E!,I79&!TE.Z.99RS,X:]SS]@*%.*9O>,.:1S
M12,CD8\%CM&Y7PXK>6VG@EFAEB(DC-'#33OD5'LUHJ!**E%@2,C&OU2KG*F@
M9)FX4!90X(B1-(2IB"AS@X3X`'$1YR_]H..Y>P5J\8=U:"*4TI&XUT8'_&Z/
M"ODL=(&(\4*P>&)'FY7YRM5Q(Q-SF3Y7A@)P;&YRB7@?E[0$,9V<49A4Z,=/
M>6-7)1YR&C=.!P[^][*J9B$D8%=HVDTB(JOHF(FVY2*IK`>.G8YM*QJHF2,8
M"'69.R&$@\#$$>!@`0$,UCD9*'%AP#B/9!H?;"WFAD@<QL@H7,:X=YP#A[1"
MM.2*%2"&_HZV?D^V_M36LBD\>#X7^URL0_H[KZ,?+8O_T?90ND=NLL@<.!T5
M5$CA]0Z9Q(8/_J&=D&H!7EB*$@Z0N+,K"A!-::X2MY]A):_I*=^43%)2\$JD
M$2WG2,@9L9(]E*P":,F9L<4Q**_`2")?<[,L&\NS!S4W4G-?(S.R^;6GM*@-
ME;+%Z=I#9MN-HD4UNK9K*4IX],VC#3H54:@40[)I&FI52-'1\(I66#`U;AQ9
M,JXLYCWBM?:-19B@VA%7<2U5,T(4J!E&R1A+S)D$,<ZN<SG\XDSEV8G,:EV(
MS$UTT)%=.)WUL=F[.,;(C80ZIL>K`R-H&$@E@%*!E6M.485:#3`*@-JO6!IJ
MPV0VN*&:Q6Z-<0UKGC5"O#-6>'=HF;.HJPR@QWATU&N6YS)J(.5%4CD$2B40
M'AFW/;S5Q0\[EU3#5K<SJ-(T%HK0'NC%1]4;),]S='9=OSF9A;(_5LS2-(H6
MO=EJYI&!#B00JBP:VUW;&4I&VJA4NS1TVUB&,TPL%6@YEE+LJ^JZ7@6<HUD6
M+E!^UA%WRYV::I3D;'6.*8%$YN.(KN[@<Q\-U(Q[22"UQ!!=XQ!!P)H*TTTQ
M6USLO9E['+%>;.@EBD#0X/C8X.#*E@<'`@AA)+0?%J:4J5(8:%AJY%,(*O1,
M9`P<4V391<-#,&L7%1K-$.5)HPCF*2#1FV2#L*FF0I2A[@9%))),]TLLCG2.
M-22223ODG$JU!!!:PQV]M"R.W8*-:T!K6@;@:*`#N`*YYHI5L_KM$R-1B^?B
M`J^%K<!#AP*H]<"G_G`R8`;_`$YR[@UE<N_9"EM'7=K[JFV0JVF$3")A$PB8
M1,(HAL+\0;Q^2%E^\KW+%K]:MOI&^Z%4O_J%[]"_Y)71IGT9?$TPBYVSE=FX
M2=-E!270."B2@`41(</<,`&`Q>(?YLP0'`@C`K9KG,<'--'!9=G)$EAD+>1C
M-1R;Y]>(2P!)/)9HQ3=H-V,XBI(IO':R"2JD<Z?`82IG,N?P@1(0W*80HQMU
M3(,T9RB,MH`33$84&^!WL%UIY!<2789,T/=.UU2X"M`X5J=XG<QQP&"M`NX^
M9<[.&,58LD)MYX7"MGSYC$D.T-:D7R:"1Y!PU0`Z+(>/)S<0`H\`[,WRNC;9
MYP26BAH"<<M-RNZH<T<SMI:LM:UYJT$AN&>M,2!@-Q2.'7JZ8T^.L#J"DEH6
M1IC:2.X71=LDHU>XV"3EXPKPBIFSR.;13U$7)T3BF'>F3YA`@#D3Q,=>^(.`
M<'TW#7*T`TW#4&E>^K,+K8<TCG<QQ8Z,&IJ*&1[G"N@@-(S$88TW%:8]Y7W$
M!X0O'P:SAQ'6,TZ9=_7(19"7.G(!%>2HT*\]FN[2;`S,V!@9-N9USE6`B?>G
M'=S91+0.=0%M,''#"M3F`WZYL::-Q0L?;N@S.C87%K\V+&\;'+09"[1EIEH,
MU0:"I5WC'[%A8"K,U:.W@O"W:%<75)`^62QSNNS[5B24.)1`@*]^W!^>4X'*
M[Y.Z,!.]XQO:YT5'"0R4&;QJ5#FUI[>7+N:=Q31/9'/F881!4AAXN:A8X#-X
M1FSXYJ4PJN*']&/*L7Y6"J^C7/1?!.V$\."1\JUKTF\K^#!Y9,T\!\J^$>%\
M&/\`)[KX'@V9DUV1^3/KN/732E'9:;E:Y:4QW]U:Q<VUL6MU7-OFZ>+6N9F?
M-3C4IGKFXN][U6=FXBI&MO5G1*PP>*H6!PH=-M7@.HNFTYX]AY-4)'6&+=`H
MB0&B\<JNT4,<H+)B(.A-(X/9,T-SEM6^5OXFN+2-\.H=X^*HF.BDMWEPB:\A
MQT,TTP&7![3HREA+37$>-7\J:E;3@VXNV,2\<C)ROE[RI,0<8H6*\`8>`%:!
M(P<O+F*;_>N0\9_O)5_Y91^L<4XE,ARN<!09:`G&IK6A`WO&PI[*6IMQ`W.Q
MI=F=FJYK>+04I5KG>5XF-=/O5*$GU37&*740A954K:HM;`,A-04:BG$,-?TQ
MF5NFI*0<U)"=)^WDTEQBB^&)*$*`E,?N`R$MG&<`N:*NRT#CB7O.X0-&6F;#
MV*JR'VKC$XM8\TC#JN:.*(HQ3C-<=(>#DXPIHKE5BC7C%@\KSQJ:GIP;3T(<
M=ZZ3BE)]*617AU;"J!4R&FS&))`^$_AX"Q\$_F^T&O"1[7.;*TZS6'/HKEIC
ME[FBGBXUT^^4$;V,?;O:8A`-6<<N;,,N?_5IS>-Q<NCWBJWJ]=&/?F,SK[MP
MLRMYI=UY9K#426`[^:\CJ1C5M!R$XY23:#''0"/738+'YB'.F7P@X8:)<[>,
MX"K:"CCQ:"M34#3FKF&8=W!;O-ODD)9&7$29CF8./5V6@#2XX9",I#2<"1QB
MN"P.X]*NW1DS6JY(QS8H$]41CAAPF5X-J>=!(SGR;_Z@IW3)5MX1Y1XNN^,`
M_P`H5LS$UQEMW.#\X8[-6M*\7?PTUIEPI["UG?&+>\8PQ:LR-R`9<Q:,VFF.
MBE<_&KW<R2;R/=Q\9X2M5EHAOKYJV4,@,,:QI6)I&.`C4#"8/+HKIS`-R*E)
MQ:^!<P&^$!^!C7-<_*'B0RG?RY2<?].BM-VJ2OC?'%F,1B%N!AESYP#0>57-
M2M,,NG=4>N;>'9-8U2-0:$5LPC;#D0*`A$1[U$B#2`1Y@*JV!C)D?@8HAP5;
M@V4XCV#DMN9'.>'DT9Q>^1I=W:C+WC4*O>-A8V,Q@5DX^'O0<`WN4.;OC*5D
M5[8X=U*5U!^XK#J-D;A6E)<!:0*Z"4"K7*RQD5%`20,2,Y>5=-4Y0272,EPX
ME$@<*K8GADI:'AXC=3%VG,XCO[F^#5=%]Q"Z6W$CHC&Z9F;!I&7(P'<PW0=!
M%-RBADJI6PJZB;%C$B`P%<\#>&F(,)4M@YHDT^8L8U@S6<YA<@_)R/79&@("
M"B9A`&R9YV";7`N<[QG5%#3+CEQKE\G0*UP.Z52E-OS8AC&_HV4.9N;-Q<W%
M#<^G,.,X-IB/>@_<.X:.(:&3E'425NQAIQHWF64[Y'M%;(H\FW8Q0QJD@4)U
MD[6?'6Y4V9SKD>F0*N42F`B0.$DA8UU2X&A%6NP`K6F!%*:<*5HLPN8Z&$2N
M9E:QP#@[*]F+CEI7C`UKXN.;*'"F%X7D(&<E5TG;FM)E;/J",:\79QA053;P
MH(3"+ISS,C2+<ZJ!"*D=.`0(IPYSI$YC!&&R1L!:'XA]14[^%--.Y05[ZF<^
M">5P>Z,`.BH2&[C:.J<*C"AS&E=)`7%9EJTVKQUX]&NC+OH.,9N2%-5Y)XW?
M!9;8$BLW2A&;>-8NCP?D_P"&@F(D3.7@H90IC%S")C+1Y?JPXD>,!3*VFDU.
M.;3X*+%R;9MN71B/6N8`?$)!SOK3*``<N3$#V:J[FE*K&O9)Q&M8!JU(WN"-
M;>'E:\_<K1+N@W)DP;NXN.@6S@QGKERP*8LNX.Z!QP3[M4QW`DCR3O:P/<XN
MJW,*.&(>PFA+MSC>**4QJ,%+K+6-\CHVL#:29#F:26F*0`%H:#B2W](<U<*&
MKJ1TRT4YCXQU$%IQ)]RE"J3A99&O-8\J1`DVZ@-F;U)&/:G'N4C/2MR%<&YD
MC$#B901EH\.>U^LU0KEIF)W-T8GN5PTUW%7K$Z.-T6IUY#<V;(!NC`'`:!FI
MCH(W562;N`7BV:=76A%7K%H#6*3L!X50&L`>\[*?.$%"V4/)Q9(4'42H(&`'
M(HJ")?@&5S#&RA[C,'92<<M?&R1CWN-/&[E>[1;RN@=$P6Q87M%&YLN#=9,3
MX^%:%A\JAPPJKU//ZBZDY]VBWKLFFYE;4>3<C-0[!$4C,BA%FA"2,'*SZK,$
MPXLQ9F!7PD!*J`!RB,<39PR)I+P0UM,"=W&M"&UWZ[FA33R6CI)W-;&X%SZG
M,T;G%RU:Y]/)RXUTJTM'5==2LBBFC4V[1%&G-V3H6]6#N4RQ*HS*HLITK-G-
M)+R"@B],5ZW?IJ=V")N[`X$W<V4,8:O+B7U\;?PQ%2,-&!;IKBHFNMW2R`"(
M,`C`-&>3QL'4#JGQN,'`TIA6D%JC]%E>ZBX=/T0C8>U0IB/!4529-8YM/I/%
M%DA<\JC=H'.HL//P,',)C?"$<LS-+K:<!O'<PX;I.6GAW%1M7M9?6CG2#5LE
M;CN`!U=W0-)4[\NP!(>P."R*'AMYA32DZW3.0CIJ^9.8MNLP3+\%%)>5F5)-
MX5O\(`;%:G[/<"MJY=9$,ARQNH-ZA!Q]@917?S*]KX!#<.$@SSLS.&Z""!3O
MN=G=3>RE5CE6E>&N2A&5\$BNY<:JHE8*L)%FOD]R#$DD1*L@W;-U""@9$\R=
M1P1T4"JE'F7.34"XRCCNK09N*[?QIQN_7)A31N+=QL\[OFXZ5=DX[-%#2O$H
M-RFLJ0<"/&(_6<C73)/H]PG6&3)6PZ\>2C/PZ`?I+E;P-N;R+E!RVBXI`_<K
MN6@.4V1#H(JJG$#<JA\.9+5K@7EV1X!HX;K:;I[M*XD4W@LLDMZ/C<(FL,D1
M<*M-:->"00UHTEM0W`$G<)5K8N*F\D6\>\;P9HY!AJ\[8K5@U(Y7E#Q]=0LR
M2SI@@$M(`JY<.Q>H\ZAN<#"4H'*3ANX3M87M+L]9-)PI5V7`X#<H5$QUJ^1L
M;VLU8;#2@%2ZC`_$#,<2[,*G=H*@*/VMF9.H59Z\1K02KBR71HX<UX(,159,
MH^E*LD7IZX(Q0]PN^<&2`/KH%5$3?!$F2P.K/,UI?D#&'C5TDOK3-CN"JKW3
M*6EL]XCUIDD!+,N@".E<G%P)--W''<6-\MKG)A%L=TH?GLKG]7V+[QOLY.V_
MLZ;OM^4%Z+LM]LV_P7_)*[;,\.OJJ81,(F$3")A$PB81,(F$3")A%UA]:GYT
MX#\@(K^T5JSV/9[ZE+]*?DM7S7ME]IP?0-^6]:@YW5Y)9RHETKL91UZU)V%]
M77_I6XG".$:#`7ENY:+1#%@5$49V3CR,5B+-S&$R8&$Q>`#G.N;>5]R)F1!S
M<E/'<S&I/O0:KMV-Y;QV3K:2X=&_6EU1$V0$90/?.%#AN*K^<:`8Z\7I$;+V
M7RL@X=3,7;463.,<(+)3Q'[*HI(MW"C]C7'0(%DSBFY$$)<2B4ADRF.?7FDK
MKH7+V,R$`%M2?>T+MXN][HQ;NUP6W6$#-GNLHY9-:"7-?0`CC5$>!J&&F<T.
M$F@4%3D!UO"IN9:;DTW$N`KVZ<MB7E*-E'"LJPFH:,8-JPY;1USCXY0L1X(J
MV`'I';(S1<XD3(/.FM5&SIPR-A:W",-P(P().;%A.-0<*&HT[HONVU:NEGE!
M?C,Y^(<<P<UH#"!(!Q:$<;,W*30#$&!R&X3J0\O&L9>QM@'5.OJ5`)I+JMT8
MZ5@EZ>I9CH@B\`&K:03AW9>]('.N4Y2G``'@6RVP`DC>Z-A^?>]W=#L^7<QI
M48;BHR;7)AEC9+(/^+%&W&E'-,>?=P!RNQTG=4\9[AH2LBN^<OIQN61=RGE=
M)U'R+P'AIBCQ-;/(D;L;$QBU#>&-%A=F>MGSA0ABBEP$Q@"LZPN0T-#6F@%*
M$"E'EU,6DZ"*4+1OJ\S:UB9'/<]X#B[-4$US1M96@>!I!S9@XG<TE:[7F?8V
M*1A74>"X)1]+I$`OX0F5,POJ]5HN'?BF!5%`,@+MF<4S"("8G`1`!'AG5MHG
M1,D:ZE3(]WL.<2/:*X%[.RXDA='6C88VFN^QC6GV*C!0O+"I*00W]'6S\GVW
M]J:UD4GCP?"_VN5B']'=?1CY;%__TO:UL&(-%65X<"\&\D/E%`W`>`BN(BY+
MQX<`,5T!QX![A1#ZN=.W?FC;OC!<"]CU<[C[UV/#[:A&3JHF$3")A$PB815+
M-HN_=MF38@G7=+)H)%#WSJG`A>(^\4!'B(^X`=N:N(:"XZ`MFM+W-8T<8E;@
M1[-*.8LV"/\`-,VR+8@_5!%,I.8?=^$;EXC_`)1SD.<7.+CI)7IF-#&-8-`%
M%69A;)A$PB81,(F$3"*(;"_$&\?DA9?O*]RQ:_6K;Z1ONA5+_P"H7OT+_DE=
M&F?1E\33")A$PB81,(F$3")A$PB81,(F$3")A$PBJ'3MT^7,Y>N7#QR<J1#N
M'2RCA<Y$4B((E,JJ8ZABI(IE(4!'@4I0`.P`S#6M:*-``[BV<][W%SW$NWR:
MG>]Q4^96J81,(F$3")A$PB81,(F$3")A$PB81<J*RS99)PW540<(*)K(+HJ&
M26162,!TE4E2"4Z:B9R@)3`("`AQ#,$`@@BH*R"6D.::.&@JK?RLE*"B,B^<
MO/!R&3;E75,<B!#G%10$4Q'D2[U41.?E`!.<1,/$1$<U:QC*Y&@56\DLDM-8
M\FFBNXK?FZC3"+8[I0_/97/ZOL7WC?9R=M_9TW?;\H+T79;[9M_@O^25VV9X
M=?54PB81,(F$3")A$PB81,(F$3"+K#ZU/SIP'Y`17]HK5GL>SWU*7Z4_):OF
MO;+[3@^@;\MZU!SNKR281,(JQI'2#_G%BQ>/`2.W34%HV6<=VH[7*V:)G[DA
M^0[IR<J:8#VG.(%#B(\,U<]K:9G`=_N:?`MVQR/KD832F@5TX#PG`;ZXUVCI
MKR^$MG#?G,J0G?HJ(\YVZAD5RE[PI>8R*Q1(<`[2F`0'@.9#FNT$%8<Q[:9F
MD=\;V!\"I\RM4PB812"&_HZV?D^V_M36LBD\>#X7^URL0_H[KZ,?+8O_T_>3
M<ZR2RQ8I)\A)!H)EF"IN`!SB``HW.;WDG`%`!'WC`4?>X#+#+JW5]Z=*K75N
M)XZ#QQHX/96K[ANNT75;.4CH+H',FJDH42G3.4>!BF*/:`@.=0$$`@X+S[FE
MI+7"A"X<RL)A$PB81,(LY:TJ2C;EL4BD)%5$S%C$%"B!TTE`$IWA@,'$HJIC
MRI__`&"(^^&4;F6OS;=&ZNO86Q;\^\8[G#P+,>4UTTPB81,(F$3")A$PBB&P
MOQ!O'Y(67[RO<L6OUJV^D;[H52_^H7OT+_DE=&F?1E\33"++1$Y,*?86TJD]
M003K5>>PI02*-6*T6DX)<CIH<HF(2RO146*HH41,)C.DC@!N8"426:^(L()S
MN!\JM#@?](P^*5U0).:3ME#@W5L+?(H2TU'^LXU/P@=VGVT+=0KM%&J)SAB*
M$EP6+')N5(U5T,^[(!)-/E-&K)F1Y2J%<@*8H]APY..'<WUMSKRVN&G33*-&
M[X-W0LMYYS>RYJ'TXVBM*YCIW._7"FG!7.U0U8382$HS2\(9BDLE`'\-<'C8
MQG(['V''(N6R+4>=RV;QD6FHDF!^05C"H;G*)DS:023%S&.-'>^PQ)$;#3PG
M'N8*2ZAM@R25@JRG%Q-`#+**BFD`-!`W\<=!_'],KR+UPW0CWAC1\C.M8Q+D
MD4D;02*A)"1:-U5G#D57;M==LV,=2.!)%=%URI]T<[<3FW$I:"7C$`G1Q:D`
M]X8GQJD$;HJDEG`U[FMC-6N<&Z>/E:2!B<2:#%E`0<*$MKQ1,%%OHEVW?59.
M)7>V&@`)3+.U)%L@_C+HH9",5<+JN8MM8UH]L0A'8+!S."*?#+X.)<OD>UX+
M9LP#7[U,"S3OY:G1313?6(H8GQ/:^UR.,D6_4`B3!M35H>0/&KI!Q&56HT#$
M)U>3GW\":/EDV*I&T*9Q*-VJ/_K,3'-YT47;A:140<$>ND2)&7Y/"68GXB3B
MD.^L>9F1-EJRNG#>)RX8;@-::#[*BU$0MI9WP990W!M7`#C-`=B:T-7"E=+:
MZ,%17*NL8MB1U'L"M$49,&`F65E$9,`5:&730DVS]-:+DG)0;B?PN*<&9\IP
M$Q"`JCFUO*Y[J/=4D5W*:=RF([SA7NX%:7ENR)@=&R@#J>^S:*T<#Q2</&8<
MO<%6J9,Z!#&C$'3Z-,55@\A6SPC%6;Y'9'U+M$\Z,YE7R2,>NJ+Z';B06"/<
M))+`7O%^8BAJ[KJ3.6M?@02*TPH]K10#'03XQJ2-`T*VRQA,;721XM+0:9L:
MQO<:N.!Q:*910`Z78%1DT#&&A&%@8P1)!^]A&#LU=04F5F:0N+-<()U+E*@^
M&6%JU3KS0AB"YY?"GP&X\G*EDVM?K'1.EHT.(S85\5IIHI4YCN:![*KZB,PQ
MW#(,SRP'(,U,7R-+L#FH,C1I\9V]@N:QMI%#8LR6!8*(.V$8DJDR*9-S(L6Z
M5:9D>'9&*5/OY6-:'45(JF7G3.F*Q0*)`,7$3F&TCUKJM)T[AXQI7N$\"S<-
MD;M"80QT<UHPTD#(*TWW`5-1HI4:%<$TP4VCK%4"O!5>O:&HJE*I\L\*Q9A!
MF)IL@=AWCLK<%D#<.*C%1N8>)A$1UK2SO!A0!^CQ=%<.X-WNU4@%=I[-.-7.
MB\;QO&`XW=-*C?:6E?,+&2\NT"/V`:92:.IR%1@U)OPDDHH^4%X+QE$*2!%'
MW@CYHF*2XI%,@FY.V,J'-W8"D?'&[/:AN8--::*84)IA4'$5QIFINK$,<LK=
M7?EX:7M#<U<U<:AM<:$8&F`):3N+[6J446"D9II6'KV29L8U<8LQ)EK'%3=3
M<C&J296*C\U@.T,FW!$2F7*`.4Q4*<4^9(H3OUC8W3`,)..%<`#2M,M=W1HP
MTXK)M8M1),RV+I&@<7C`8N(K2N:F%-.D5K2H7RE0(YW(P*#-E(+$=6"6:3K=
M)198\.@TJU1FEHURJ5$@H*P\C*/VYU#@45/!QX]I1P;IS62%SA4-!'=XSA7V
M0&GV4%A&^2!K&.(,C@X>31D;B#O927"N[3N*Z#78>5,=-1D2*:A'ZN6(RC2O
M2M9A^XU-:I[@=H15==W(RTW'E:@9`2JJ&5.`?7E#''36R,Q#LSJR8FF`UC6Z
M=P`&N.]O"BEYO#+4%F5N6'`5HXF![M&-2YPRX8FI]\25;VE2@7"J8IPZWA#I
MO7Q%L^2L*$6FK)OK&V41;$CE9.R1KB2:QS4[-9VBY;E.*HJ%%)1N8VSIY0#\
MY@"[1EK@&G=HTTJ:@$'13$%1-M8'$4A.8AN!S9<2\84J\$@-REP(K6N!:H?5
MZ^D\<31G3!N]2CEVK`$U%9:1$KMVZ6(BFU:5HA',DLN1DH0BHKMV91$.8XF.
MD0T\TI:(\KB"03N#`#?=HTZ*$^`JI;0![IL[`0T@>^.).X&8DX$5J&[YJ0%.
M9.@Q47(Q\86$?+QKRQV^(DK*NX>_^D1T%.NF"<B0&P$9(FC8Q,'3D5TU2+I@
M`$!/X1AKLN7O:Y^L`>&-(;AB2`:;^)P%*4[JO2V,44D<>I<8C)(TO)/%#7$5
MPPP;QC4&HT45,-)A3/8^.?1;F#BG%:US,>E*KIT(KN[2C5!E/KB_>1)VAAEW
MG=)D2*JB=OS'4$B2I1SSB3*Y[7ASP^09:#0W-3NUP%=^N`Q"UYE"7QQOB+(C
M'$[/4XE^2NGBTXSJ`"HIB:`A4L;7&B[)TY=Q+NM/%6\VS5B4U9)#OVC"2JJ1
M'"J<FJX>`8%Y)=%7B8J1SI%Y"%,FIQV=*X.:T/#VU!KAI(=O8;@([_="TCMV
MN8YSXC&\APRXBH!9CC4Z20=PTP`(*N#*$KY)"54;UYFJ1BOM>!09.E9%\FX3
MA*7)24.^6`[P##+MW"?\XEW2?,)3IIIJ$*?-'22EC`93B(S7`:7@$:-'?]DD
M*1D-N))2VW!#3.T`U-<L9+3I\8'=%!N@`BJX?0JMG,T:]T]%/PJMIM91NF^0
M).FE(U9X=CX0]5.S,XFU4_\`<1:H@9N4!*J57M4+GG$U'.J*T=48<6AI7#'#
M=J<=RFA8YG;DL91U*LHX5&;,*TJ<*N][E&&[72HW:6_<TFH*&@?1]9Q8KN=1
ML`OA(L";.EI$71))+NGR*0`02<BBI_KA#&#@!@`)H36XG^=S@,9CAOOWL%6N
M6TL[0F#5DR288XX1XXU(WL2<:G=4PM\'"*6ZX*S4,K78YO=?!2RP+/\`@^2F
MW[]-TX^N"NS.HT3'R@W3;II%*@@=)0%!,!BUX))!!`(Y,[S'6F&%`*=W'Q37
M=-117+N"$W=V9H3'&)J9L<<Q-3NC#QP`!@"#6M5&8ROM(/8]%K<HP1<NT9FL
MMK4P?\'#([Z1ETEUF"J)3%+W;.,=H(+I&$0%PFJ!N)1Y<F?*Z2TN9F.HTM=E
M(TT`T^R02.Y15H[=L&T;*WEC!>'L#P<14NK3V&D`C?!5>X8Q<I$UMBZBT(Y<
MFOK++`]34D>_CEXZ]7=<C8C<[E0BC0B"'<G*L1=QR]H*<0#AJ'/8^9P>2-:T
M4PQJQGM[N%!W%NYD4L5NQT0:>;O=7&H(DD-*5T4%,:GNJU7>N0T,V<"P:.FY
MV=A7B6CHZ;PC>5CTFZJ@N55'[@Y7;U,I4%!59$(U.FZ`1*F`I<^]O+)(1F<"
M"RI&&!]C0-.!QPW<:1WMO#"UV1A!;(6@XT<*:<3B=!JT9:'0,*W)5L<EHDYH
MS10L*?7\@L1^*`@QXRFMU8F/,"W+W/>JS;U)```><K@>40`Q1`-`X:ED>;YS
M6C#=PDJ?:%>\I"TBYDF+/F>;DUIAQH<H^,0._AI5S1K,&$G/(,F:T>:OS;>)
M0<MWSPSIXWD:?=9)R+PRRJB/,5W7TP3[E-'@DH<I^\XE,74RR9(BYU<[:TH*
M"CF##V';M<::%(+:#63M8PMU;PT$$U(,<A-?9:*4`P)!JJ=E3H->8/'NXMRA
M%LIR'8L)=-=\B:UL7J;HYU2J+F7:$/(LT2O6YVZ9"HH@)3@H)BF#+KB01YFO
M!>6DD8<4C@.!KI.\M66D+IM6^(B(/:`ZIXX-=^HQ'&!`P&!K4%4<97H1_'L)
M?R2@BH]B#*&;&"QOH)L[0L3F,\(=(Q+MW:$DW;5(A`.F+A(C@>!B@"I`)E\L
MC7.9K#0._P!(-,H.%0&X'O&G>*TCMX9(V2ZH`N9HXY:#G+:D-)?B-T5`.YB*
M8TFF?DZ8EH\$NY!A)/F?<B[2?BEX*Z50[H7R*+9%[W?)P[XB:95.',!2@/`+
MD;L\;'5T@'132-[<[RYTS-7++'2F5Q&FN@TTB@/?H*JV9NHEL=TH?GLKG]7V
M+[QOLY.V_LZ;OM^4%Z+LM]LV_P`%_P`DKMLSPZ^JIA$PB81,(F$3")A$PB81
M,(F$76'UJ?G3@/R`BO[16K/8]GOJ4OTI^2U?->V7VG!]`WY;UJ#G=7DEEK51
M(<BEE>2!ZP=\UC&81;&R!6R`Y[Z20"16C5[F+BKI.FK),>8%F;YR=-0?!TP4
M#G+1O=92%K<^4DU+<V]A7)QJ5WB!OFBZNRQ%6Y?(8LX:,H?DQQ%:&2K*@;[7
M&AXHKBLMRD)K`UG0=QKN@DKD38=H>4TSS<&/?QTG&^%T4&K0[L[N7;%.L!$>
MX*L5FJ42*BD8HAE%DEYJ2U[9=:YD=,#I!H_'0.[6E1B*KK20[,-RUT;X.;LD
MFKQFX@BL5!6KACA2N4X&BK&<K4&#62;HOM?,JB_?:F&NH,5X-*RKQS&R0KRR
M&LO@@EG3.6W(JH[\J"*A#%$6_P!8`PYJ63N<PELIG`ES5KEJ6D-RUXO>R^SB
MMF2VD;9&A\`M'.@R`%N<@/:7YZ<:HQ+L^/D\54:L_59F)AFI7%!4?PT?L9G6
M4)9*!18HV56TE<P:LP61(1BM'O:VHNJBL]YF"K\2"L83<V;"*>-\CJ2Y7&,N
MIFKERXTIC4.I4#C4K1:F>UFBA:'0&1C9@P.RT#\]6YJX4+*D%W%+J5Q5HFY2
M@Q\2W29,=;NK+)3E.CK6KX(U=0K--:#<^D[B$4C$'A8^),Z*AW[J,2.5%?O1
M:\.)<WC9=.>2YTPA#7EN^<>+6M*FE:!QQ%,RAFEL8XFAC+8W+GQA^`+1Q3G+
M:`T;6E2P8&N10O<B=?%U!NH52KHK.`F".HBM>B;D(YJB\1-%G=R](.C`2A'*
M*YRH&.U:2!2(CX44QC$-EC9YEI(V0/H*4+LV.&-`_C#NXEN."I[7$&:%T)B!
M.:K69#05XM71\5U<:<5KZ#C#0L*YT5QE((;^CK9^3[;^U-:R*3QX/A?[7*Q#
M^CNOHQ\MB__4]_&$4*M=)C[*47`"#.4(0"IO"%YBJE*'P$G28"'>$#W`,'PR
MA]4`Y<FBF='AI;O*I<VC)\=$F_PK`,U59R!.8'S)3N`$>5Z@`KLSAQ[![X@<
M$A'WBJ`0W^3+[)62>*<=Y<>6WFA\=G%WQH_QWU'<E4"815\?%24JJ",<R</%
M.(`((I&,0G'WU5.`)I%_RF$`S5SFM%7.`6[(WR&C&$E9JJNLTF1TG]@%)TX+
MP.E'$$%&J)O=`SD_N.3E_P"R'UL!]T3!E*6Y+N+'@-]=6WL`PA\U"=[<]G?]
MSOK+F5%TDPB81,(F$3")A$PB811#87X@WC\D++]Y7N6+7ZU;?2-]T*I?_4+W
MZ%_R2NC3/HR^)IA%R"JJ9,B1E%!23$QB)B<PID,?ASF(01Y2B;@'$0#MS%!6
MM,5FIH!7!<>96$PBY#*JG[OG44-W10(ES',;NR%,)BD3XB/(4#&$0`.`<1S%
M!C@LDDTJ="_166$51%501<#Q7$5#"*PB<%1%41'ZX/>`!NWC\(./NXH,,-"5
M...G2ODZAU#"=0YU#B``)SF$YA`H`4H"8PB(@4H``?4`,4IH0DDU)Q7Z=550
M"%444.5(O(F!SF,"9.(CR$`PB!"\1$>`=F*`:`A)-*G0OTRRQ@`IE53%!($0
M*90P@")3]Z5(`$>`)%4^$!?<`W;[N*#>6:DZ2="^2*'3,!TSG3.`"`'(82&`
M#`)3`!BB`@!BB(#]4!Q2NE8!(-0<5^$.=,Y5$S&(<ABG(<AA*<ARB`E,4P"`
ME,40X@(=H#F=*`D$$'%#&,<QCG,8YSF$QC&$3&,8P\3&,8>(B81'M'":<3I7
MSA85T1F9)!N];).E0(_59+N5!,(N#*Q_?@U,5P/%9/NP<&#L$.(#V^X&:&-A
M+26Z*^WI4HFD:U[0XT<03OX5IC[*MQ5%"D.F50Y4U>7O"%,8"*<@\Q.<H#RG
MY#=H<?<'-J#`TQ4=30BN!05%#=WS*'-W10(EQ,8>[(!C'`J?$?@%`YA'@'9Q
M$1Q0;R5.&.A??A#CG54[];O%RG(LIWI^=8BG\X54W-S*%4_U@'B`^_B@P%,%
MG,ZI.8U*^"**)\_=J'3[PADS\AC%YTS<.9,_*(<Q#<.T![!Q0'2%@$BM"J]Q
M+R#IFS8+.3F:L454$$P^#Q26='>F(L8O`5P!P<3%Y^/+V</<#-0QK7.<!B>"
MBD=+(YC&%W%:*#PU]G%?DA*OI0Z9WBXJ=RUCF:9"@!$BHQ48SAV7UHG`G>D8
M,$B&/PYC\O$1$<-8U@(:-TGPDD^V5B25\I!>[0`/-`:/:`5"<YU!`5#G.)2$
M(43F$P@1,H$(0!$1X$(4```]P`#-M&A:$DZ2A%#I'*HF<Z9RCQ*<AA(<H^YQ
M*8H@(#P'%*X%`2#4'%#**&(1,RAS)I<W=D,8PD3YQYC\A1'E)SF[1X>Z.*#$
MTQ2IH!7`(=0ZAA.H<ZAQ``$YS"<P@4`*4!,81$0*4``/J`&*4T(22:DXKE1<
MJ)*-SF`C@K8_.F@Y`5FW\OG,0R)AY13.;^4'9QP0""-%5D.(+3I`W#H7T\>N
MI!ZZD'BQEGKURL\<KB!2F5<KJ&655X$`I"B90PCP*``'O``9AK6M:&-'%`HL
MO>Z1[I'FKW$DGNE4YSG4.910QCG.8QSG.83'.<PB)C&,(B)C&$>(B/:(YMH6
MI))))Q7Z=110"`HH<X)D!-,#F,8$TP$Q@3)Q$>4@&,(\`[.(CF*`:$))I4IW
MBG=@EWA^Z`XJ`ES&[L%#%`HJ`3CR@<2E`!'AQX!B@K7=2II2N"^,RL+[%0YB
MD(8YS$3`P)D$PB4@&'F,!"B/`H&,/$>'NCF*+-30"N"_4U543<Z2BB1^!B\R
M9S$-RG`2F+S%$!X&*/`0]\,$`Z0@)!J#0KCS*PF$6QW2A^>RN?U?8OO&^SD[
M;^SIN^WY07HNRWVS;_!?\DKMLSPZ^JIA$PB81,(F$3")A$PB81,(F$76'UJ?
MG3@/R`BO[16K/8]GOJ4OTI^2U?->V7VG!]`WY;UJ#G=7DDPB81,(F$3")A$P
MBD$-_1UL_)]M_:FM9%)X\'PO]KE8A_1W7T8^6Q?_U??QA$PB"`"'`>T![!`?
M<$,(K(ZK5?>")G,-&J'-QYE/`T2*CQ^JJ0A5!_\`KFXDD&AY43H(7>-$VO>7
M`C4:P@;F3@HT1X\0[UL1<`'@(=@+`H`>[F3-*??E:BVMQHA;X%?DD4D$RI()
M)HI%_DII$*FF7_\`:0@`4,T))Q)Q4P``H!0+DS"RF$3")A$PB81,(F$3")A%
M$-A?B#>/R0LOWE>Y8M?K5M](WW0JE_\`4+WZ%_R2O.9\Q=96$32-PW1(B``"
M7_\`NFW(8$0XB)^!:O<($K@5.(<17!42\OP.7B;F]]S9F[)(?_-P]PA?'^>R
M#Q8H1_\`YQGW6E?OS"T?[N[G_>/ZA_UHXYM'Y4GK'\I.?3>1#ZJ+D)\PM'^[
MNY_WC^H?]:..;1^5)ZQ_*3GTWD0^JBY"?,+1_N[N?]X_J'_6CCFT?E2>L?RD
MY]-Y$/JHN0GS"T?[N[G_`'C^H?\`6CCFT?E2>L?RDY]-Y$/JHN0GS"T?[N[G
M_>/ZA_UHXYM'Y4GK'\I.?3>1#ZJ+D)\PM'^[NY_WC^H?]:..;1^5)ZQ_*3GT
MWD0^JBY"?,+1_N[N?]X_J'_6CCFT?E2>L?RDY]-Y$/JHN0GS"T?[N[G_`'C^
MH?\`6CCFT?E2>L?RDY]-Y$/JHN0GS"T?[N[G_>/ZA_UHXYM'Y4GK'\I.?3>1
M#ZJ+D)\PM'^[NY_WC^H?]:..;1^5)ZQ_*3GTWD0^JBY"QC7=3U]_M+9E<=VC
M<ZL-7H77;N'9^T1OTG@CB=1M1I53PA/99'3CPHT:CV*G.4G)\`"\3<860-,T
MS"^3*`VG'?NUK[Y69+J1MM;2"*'.YSZ_-1;F6GO.Z5D[YA:/]W=S_O']0_ZT
M<FYM'Y4GK'\I5N?3>1#ZJ+D+\+H2C%`"A.[HX%``#FZD>H@P\`#AVF-M(3&'
M_*(B(XYM'Y4GK'\I.?3>1#ZJ+D+]^86C_=W<_P"\?U#_`*T<<VC\J3UC^4G/
MIO(A]5%R$^86C_=W<_[Q_4/^M''-H_*D]8_E)SZ;R(?51<A/F%H_W=W/^\?U
M#_K1QS:/RI/6/Y2<^F\B'U47(3YA:/\`=W<_[Q_4/^M''-H_*D]8_E)SZ;R(
M?51<A/F%H_W=W/\`O']0_P"M''-H_*D]8_E)SZ;R(?51<A/F%H_W=W/^\?U#
M_K1QS:/RI/6/Y2<^F\B'U47(3YA:/]W=S_O']0_ZT<<VC\J3UC^4G/IO(A]5
M%R$^86C_`'=W/^\?U#_K1QS:/RI/6/Y2<^F\B'U47(3YA:/]W=S_`+Q_4/\`
MK1QS:/RI/6/Y2<^F\B'U47(6+MRZCKM;U_(R\):=UQ\DC-TEJDZ3ZC.H%0Y$
M)2\5R+?I@5?9JJ8@X8/54Q$2\0`_$.`\!"&>!K(BYKY`:CW[]\#RE9L[N22=
MK7Q0EN5W_P"46XTD>\WUE'YA:/\`=W<_[Q_4/^M')N;1^5)ZQ_*5;GTWD0^J
MBY"_!T%K\X@#E_M612`>(M)??F]YA@H/`0**T=*[(>,5Q((\Q>=,W(<`,7@8
M`$'-HMTO/?>\^ZY.?3[C8@>Y%&#X0RJ_?9^U;]RK'^D79'RMQS6'R3YSN%.?
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M9=%&JZ33-_UZ7K[&7;OS0MG9BH^MMOFT?!UH9RHH4&<Y.R3(#B9$O`X)\Y>T
M`$`$>/,VQ#''83.:#6K=TGWPWRN[V;NIIMKV[)",M':&M'O3O`%=U^>,7TY,
M(F$3")A$PB81,(F$3")A$PBZU^L>$FI+9L$O'1$I(($HD8D=9E'NW2152V"S
MG,D91!)0A5"D4*(E$>(`8!]_/7;`DC99R!\C0=:=)`]ZU?.NU\,TFTH'1Q.<
MW4-T`GW[]Y:F^B=I]6K!YFD?%L[>OA],WPA>5YK==&D\T\">B=I]6K!YFD?%
ML:^'TS?"$YK==&D\T\">B=I]6K!YFD?%L:^'TS?"$YK==&D\T\">B=I]6K!Y
MFD?%L:^'TS?"$YK==&D\T\">B=I]6K!YFD?%L:^'TS?"$YK==&D\T\">B=I]
M6K!YFD?%L:^'TS?"$YK==&D\T\">B=I]6K!YFD?%L:^'TS?"$YK==&D\T\">
MB=I]6K!YFD?%L:^'TS?"$YK==&D\T\"OL15K.6/M(&KD\45(%N1,#1$@`G.%
MGKB@E(`M^)C`0AC<`[>`"/O9%)-#FA^=;XV^/)<IXK6YU=U_QW^(/>GRV=Q?
M_];W\81,(F$3")A$PB81,(F$3")A$PB81,(F$3"*(;"_$&\?DA9?O*]RQ:_6
MK;Z1ONA5+_ZA>_0O^25T:9]&7Q-,(F$3"+.8,()TT8TMS()'4K"T*_>ME$Q;
M<KH[WA?T/#@,FB*B*4B4IE"F$1;0Q!`>.<W-(USK@-P?4#O4XF'L>%Z[>2!S
M66;I!6(M)&C&OSN/LZ=Z,*W%I"+"-%T]@G2LSY3NQ(N">#((*SC>(/2$&")6
MR"S:0.@T0FI!T!T1(9P+82`<0*(!OS@N?E;*-71E2*85SU[F-&C'151\R$<>
M9\!UV:3*TU&8-U=,!0X!SG8::4K@ILV9,Q<50KR'20.177+%6LKO'Z[`5'[#
M99E2N6)GO?JNDW)$S)%6,=9J*ID1'X:A35RYU)\LE?TAS4%<#'NT\-,#IWE=
M:QF:U#X0#6(9"21B)M(K6M:4KBVM-TUUK6`Q552F2[@P*'`R'!0.Y,!A`4N"
MIC*AW8]G`PB;L[1XYUAH&*\X=)PIW%QYE83")A%ABH_GMW-^3FI/]A>,KL^L
M7'>;_FKDOU.T^$__`&K,^6%33")A%DXLZ,91*ZV3=3R*JS^TF`(BP>2FQ3&"
M((F=ZS+'NC.^W_\`L3XE`0`0]W*>KSW,I(:0`W2VN_H-11=/7ZJQMVAT@)<_
MQ791[W2*&OA"DBT)7%):JM';0L@>RVUM7GT@]E915VQC35[7_=K-3DD$T@6:
MN)]P9,RQ54R]V4@E$A>7(A)*&3.:ZF1A<``*$YGZ</\`2-%/"K#H;<RVK'MS
M&24,)+G5`R18C'<+C2M1A2E!15411(-PVKII.)42$\]K1.06;^5DVSZ&LYBE
ME#GF'4@#1851<)<3,VA$FICE)WYQ$!4U?<R!TN1_O9*:,"W1@!7?TFIWM[:*
MQ@<VW,L5/G(:TS4+7^-QB:;H\5M&Z,QW8NQAX>1A49EI`-G,N,=*E0KC1Q-*
MMW[AE,PC87H(%DU)A99O&RBQS(HKD*/<@J)>[36`\SI)&2&-TI#*CC&F%0<-
M%-(&)&[320JS(8I(6S-@!ERNHP%U"0YHK3-FJ`XF@.Y70#6ZQ]8KRJ*JKVO2
M95E)>3:R[*/'RH%3:-XR-<I<TFI9H5G&'*HZ<J%&1*X*'<=R<W>(+B;1TTH(
M#913*""<,QJ=S*2=`\6FFHP(4L=M;EI<^!U<Y#@.-D``.G.T-TD\>NBAQ:ZN
M%LZ"XR81,(L,=0/YK97\H]=?\2*EE>Z_0N[[?E!7+'ZRWX+_`)#EF?+"IJ=:
M_=%92LLY,Y=-.[JMF$'#%8$'B9ABERE%LJ)B<BHB/`.W*UT,S&"@/';IT:5>
ML'9)97%Q%(GXC`^*="G?@\38HJ*?.?+5C<M8!R=JV=I.)N<<.1LRK9Z"J3*:
MAW"\?%,NZ,BB1QWA!='5,44RCPK5?$][1E8"[<P%,N&D'$FM33<II5W+%<11
M/=GD<(S0&KG5ST.AS31HI05KQB="X#P=/:.@;^02K$4^<ETJ62DG:3UH-7KQ
MI:+C`")G%V)`)(('04,)UU%4QX<2J!Q#.LG<*ZVA^;T`4.9U"<171CN4[RP8
M+1CLNHJ/GCB349&9FMXKB-.!Q)(WBN6,I$//*T!=A$&,6;GH(EG:Q[E^HTC(
MAZNFU6,JJX=N5XUHN1FX4%997X)N?@8"E`I</N7Q"Z#I/%:<I(%21CO8G$8`
M;RS'90SFP<R+QY&YP":-:33=)(!H34G?QH,+0T@:HZ`K!XBWC$DJK3IEU/%>
M/CND7,O9*O&2ZIT5GBD>+=".FEU.[!`#%,D4>8``P#(Z29O&:2XYW@-H*8-<
M1N5T@;JB9!:NHQX#0(HW%U36KGL#MVE*.)I3<5PD("M,8J:D5ZP^9/HZ+DUF
MC"5*\BFKHX6&EQ;-T1$+9+2KL6B,TZ$52BDS<AR]W\))3-&2RN?&P3`M)%2*
M$CBO)]Z`*T&&)&[I"WD@MF132.MG![6F@=5H/'C:#X[G&F9V.#3N:"K[5Z?$
M(*U-^[@DE'*%DUB=?O&\NM&2$=8SE\-4=/74FFRD""NNB82M6A6R)S%2,JJ!
MOKL<T\A$[6RX9)-ZH+=%!2HW=)J=-!N3VUI$TVLCX!F$D-<'%I#]-230XD:&
MT&@D[L6<0B2D8Q=-H!:P3";"#2/`+.)YR6+:NWMJ\-%%FSD4I1%)NX8H(@`J
M=RW%0>\**BQ#!,)"'N!ERQU/&XN)`;3$BFZ3OG<P"K.A!C8YL!?-E;Q:N.4$
MOK@#FP(`TT%<<2%^R]?J;4RD9'-D'*8UBX2[>=&1=+O57,';[8QBCI]P\+$&
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M0DC.3LV"0*+MTD!5:L'*IE3"8"%1'@0XB!1B>\AS&-%7FOL`:3[8P[JGBB:Y
MDDLCB(VT&`J236@TBF`)KW-!54>N^&'%:!>(O8X$F9U74DNP@_`73T714XMZ
MI(O4F0OQ%DJ9,J2RG?($[P`+P.4F-;E%)6T?C@*FH%,105IB-(P.'?V-OG-8
M'AT=!B2&T)KQ34TK@:4)J,=\#F2HUG53*IY.20YT'[H$7LG$Q[HK:*>KQTFX
M49/GS=VDA'.VJI5SF(!4BI'.80(0Q@P;F$&F:N(T`D8BHQ`IB"*;]5L+*Y(K
MJZ8$XEH-&D@FA(-`0:X84).`7VE0K2L8A$X]`QEG(LVH#+0Q1?N?)K*8(C&\
MT@7RF9:-D4%4_!^\!4JQ`)S"8`S!N814EQT5.!PQ(QPPQ!&.\@L;HT`C%2:#
MC-Q-`[#''`@BE:U%%51M`F)!=JU$6[=5^]C6K)X+Z(<0:J4@C8C@L>9;2BB(
M*`M7%TTR)D5`YTU"F.F<A"*X?=1M#G8D`&HH:X9=RG^H;VYI&C>.PFD<UN`+
MG``U:6XY_?!W^@@`5K0X@@`TCRDS+-5NGWD4L5Q&1<F+DLW#HLD"RZ1E6C19
M\X?(LRO5"D.)4N?G.5,QR@)"B8-FW$;@31VDC0:X:32E:+1]G,PM%6$%H=7,
MV@S:!4FE>Y7&A(P5`:K3I$G*JC$$3-0?F6:KNV2$CW<4=5.261BUG))%RW8J
M-U05432.0@HJ<1^MGY=M='4`.TTW#3'1CHQPW=T;X6G-IP'$LH17`D`\73Q:
MU(%#4@4%#O%1_)573"+#%1_/;N;\G-2?["\979]8N.\W_-7)?J=I\)_^U9GR
MPJ:812"-B6BL6^FI)RX09,GL?')(M&Z:SEZ\?I/G/*0ZRZ"+=!LVCSBHI]<,
M!SIE`@@83$B>]P>V-@!<03CN`4X?=Q5B.)IB?-(XA@<!@,234[I%``#4X[F&
M-14^B[A\Y,%?72E6)SL$6KMPJSAU7#Q^U3<!%$;2#PGA$JU4.*2B3<Z_PR@)
M1,4Y#&UUP:/G1E=C48G`'3@-&[4T6W-G/=\PX.9A0FC:DBN6A.+AH(%<>X0O
MU&E6-=J1Z5FU3;G8>5>+J8A6:A(SPPT=Y06;NY!!P@S\/+W/>'(4G>B!>/$0
M`1N(@[+F-:TT$XTK3`::8HVSN'-#PP!N7-BYHPK2M"00*X5.[@N<*#:A$I1C
MVZ9CDD5DBK3$(@9=M$D,M)/6Y5I$AG#!DV(9=1P3F1*W*9;F[HHG#'.H/+.Y
MN'=T#1I)PIIKAI6W,;KT8W3XS14-TD8X@#$D84QK3%5#.A3#L3)'%!HN5K+O
MP5<O(H(I9I%5KTGXM)5.343=.'3+ARE(04B@8#&4X%4`F'7,;<<2*@:#6I=E
MQ%,,?_K179EC,^H-`ZCCB6Y:-9GP=7$D=RG=TTX'5%G6[U-BEY.=**LZZZ(J
ME+Q2;<ZMFBD):.8)KN'J22S\R*PE[H@F.;DYB@)#%,;+;F(M+C4"KAH/O30G
M1H[JU=8SM>&#*20P^,VG':'`5)Q/<'?T4*M`UV8!@>2,U(5LFW,[.0SMD5Z5
MH5[Y/,[&,,X"2\%*]^MBIW7(!@'MX`(Y)K8\V3-C6F@TK2M*Z-'=47-YM69,
MO%I72*TK2M*UI7"M%9,D4"8188Z@?S6ROY1ZZ_XD5+*]U^A=WV_*"N6/UEOP
M7_(<LSY85-,(OLA#JG(FF43J*'*0A"AQ,<YQ`I2E`.T1,8>`9C1B="R`20`,
M5+9*`B&;F8B$)=TXFXAP+0B0QW!G,O4GR,>[9Q:B#EPX!1-0YU$#*D*#E),>
M()*"5,T#)7N;'(6`1N%=.(%*@G#P[W=&*M201,=+$V4F9AIHP<:@$-H2=\BH
MQ`W#@J<*98CK`@FT;*FY)(YU49:'6:H!#H$=2@.GJ3\[-HHQ;*%.H54Y#%(/
M'APS;G$5*YCN;AW<!04J:]Q8YG<$T#`=/OFD#**FIK04&)J55!0+699)NG'M
MEEU2-52)-YF$<G!L];'=LWJA4)%048]RV)SD<'Y4#`8O`_PR\=>=0`$EQ`[Q
MW,"-&GN:5MS&Z)#1&"XTT.:<"*@X'01H.C1CB%\IT:P"+(ZC9$[9Z1LX2/'R
MD%).5X]Q)DAQ?,&B$L4SYNG)&,W,<IBI$73.F<Y!34Y!N8N-0FHWP1C2M":8
M88[],:8A!93\0EHRNH<'-)(+LM0`[$5PWJ@@D4-*M:@2J4:K*`ZC!13KJED!
MN:18`_%J2W#4/!3-$W2IP?"\#O!(`F+P^M@85?@9@73"\,RNKGRZ#2N7-6M-
M%.'0MC82B,RYFY=7GI45IK-72E=-<:>QIP4<DX"4AR$4?H))D.X<L^9!ZQ>@
MD\:`D9RT<^`N7(M'2(+EYDU>0X<?<[!X2LE9)4-.Y701@=W'2%7E@EA`,C12
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MFJX>R*D2Z2?'?C*JBIQ;D,0"(D3,1-/E-IJI`X/$OSF.D84--`J*4IO[]<2I
M.<1%AB,!U.!%#0U%<2<IK7,:X;P%`*&MD+XZDWIG[E@@#A6"LL,L"2RA4C'L
MLY89Q=V0JA5#D!LK8#$*F)C"8J8")N(CPPVV#&Y0[#,T^:&BGQ5))?.D>9'1
MC,6/;Y[GN)]C/2G<TKF/?UCK5A;R8F`UI=%<A?"C?[V*-4J%6`IQ[CZR!DZF
M5;B'-VKB7_5`38YL*3#/XXWM'&<[_=3V%DWY+K8ZL?-FNG3Q(V?[*^SW%]16
MP#QK"OQYHHJZ4&ZAW!CE>"BH[)%2-Z?F3`1:K%;G<!=SD`W!0">#E-RFYQ`,
M/ML[I79Z%P.YHJ&#?_T>VD5^8V01F*H86G3IRF0[V%=8=_1W5]I7_NFPLDVL
MRR;*,J\W<&B;&,:]67K*$DRCU/"R1*I2M56$HH"R(IF$RX%4*<@!W8C:U.8N
M:35VEM1QJ$X5TU&!WL*;JR+^C<@:]K<K`<KZ&K`0,<NBCC44TT((T(ZV*^>M
M%T5PFRK';6)DD1O:I=*-.VL;Z7D')I1JH*\C,/$UYUR!E%GO!R3NRN"*@"@*
MFVC6N!&6E6GQ17B@`4.@#`:!AC2F%#MH/>QP=GK1XP>ZE'EQ.88EQJXXEV.&
M8'&N-\MKG)A%ABH_GMW-^3FI/]A>,KL^L7'>;_FKDOU.T^$__:LSY85-,(K]
M&RS5O'/XF18K/F+URQ?D%J^*P=-7S!-Z@DHFLJSD$#(+-Y!0JI!2YCB5,0.7
MDX&B>QQ>U['`.`(Q%10T[HWL,=]3QRM;')%(PN8X@X&A!%1O$4H344WL<%>2
MVJ,-X(@O7_\`T^)D4I*&9M)(&8I*@SC&;T)1<(]8TF>4"';J+G(5L?O0.*8D
M*8"DCU+^,1+QG"A)%=TD4QPI4TTX::J874?$:Z#YMCJM`--QH.8T-<V4$Z,:
MTI6@^'MS<OT9$CAH0RTG6D*\NN"PA\)*ULK4=^"8)`',JLT[KN^(``&YN/9P
MS+;<-+*.P#\WQ2VGMU1]XZ02!S,71Y"?_,/K[5**O?W]9\\CW8QB:8L*U.UP
M"`Z,8%"3D$_@S.Q,*!>4[<KX5`)P$#"7AQ#CQS5ML&M>W/I>':-X@T]I;R7Y
M>^-^K`RQN9I\II;71N5JN1'8'*VCFB\3WB#&+E(H_=/^Y573E*8I3SJE.=FN
M1$Z22G?@`E.`F#E]SX68-KB]P?B2#HWGYM_V%D7]&QL=%5K6N;ITYH]7O'O^
MTN='8QDRH)"TF&[=%"K@9.)LR\0HNZKD`RKRAUG#6/[TS*3:1Z1S)?SJ"A1%
M-8.8W'!M*U.9I-7:6UP<XNW3I!)QT'="V&T",HR/#0&>*\MJ6-#-(&@@##2#
MH*H7E^?/XI1FY--&=J1AXHRA++))Q)T#O!7[]Q#E+SNW8M3F0.*KDZ:O8HH0
MZG,8VS;9K7APRY:U\45T;^X*XZ,-`-%&^^>^(L<7Y\N7QSEI6M2W=-,,30Z2
M"5C_`"TJ"8188Z@?S6ROY1ZZ_P")%2RO=?H7=]OR@KEC]9;\%_R'+,^6%33"
M+Z*8Q#%.0QB'(8#%,41*8IBCQ*8I@X"!@$.P<+.C$:5-S6]FC+.;''P9&]@=
M/VTIX2Z>D?1S&03DF\LY<1<=X`W6:F7=-^0G>.%^Z04.0.)A*H2MJ'%@B=)6
M("F`H2*4Q-<<.X*GP*[SM@E=<,@I.7!U2:@','$M%`1B*8DT!(TXC\1MK./9
MO(Z(AUFC-^E,%<D=RGARG>R<>,:W%)0D>S`B$<BHH)"B4QU!4'G4'@7@,#G.
M:Z22KA30*:#7?.G_``%@73(V/CBA(8X.K5U=(H-P8#'OUQ*JV%_68O)!V$8F
MH+^M05<$@NC%!,D'!,(,KL#`@;F.X*Q!02<``HFX<1X<<PZV#FL;GT/+M&^2
M:>VMX[\L?(_5@YHVLT^2T-KHW:57!#WA6)/"G+')K^1X$8,H"Y,GWY1M[NV>
M$F$$3=V;O'7<<O:'*7FX\1Y<S);AXDX],SJ_%R__`"M8;TQ&$ZNN1F73I^<+
MZ^W3VU4$OO=H%*G%J$=IP"\*FY*_3%,BOS@%O[%\#=2./S`V>!W"B0G$%D^!
M@,F/8.#;5)J_BYJZ/]&0C3O8UW.ZMA?4:*1<?5EM:_\`]=:#2FX<"-T;RMMF
MMJEA2*CPF2$-(NI)8DG8WTT@15P0A$T&+99)LW:-VW%3E,8JK@2GY3*B`=NT
M,`B->+6@&#0/#O\`M#N*.YNS<"G'IF)XSRX8[@&``&.^>ZH;EA4TPBV.Z4/S
MV5S^K[%]XWV<G;?V=-WV_*"]%V6^V;?X+_DE=MF>'7U5,(F$3")A$PB81,(F
M$3")A$PB81,(F$3")A$PB81,(F$3"+__T??QA$PB81,(F$3")A$PB81,(F$3
M")A$PB81,(K?+QC::BI.'>"H#26CWL8Z%$P$6!L_;*-5Q2.8IRD4!)4>41`0
M`?>'-XWF-[)&^,T@CV,5'+&V:*6%]<CVD'O$4*UA]CC4GVS;_/+'\$9V.O[[
MR8_`>%>:_"&RO*F\X<E/8XU)]LV_SRQ_!&.O[[R8_`>%/PALKRIO.')3V.-2
M?;-O\\L?P1CK^^\F/P'A3\(;*\J;SAR4]CC4GVS;_/+'\$8Z_OO)C\!X4_"&
MRO*F\X<E/8XU)]LV_P`\L?P1CK^^\F/P'A3\(;*\J;SAR4]CC4GVS;_/+'\$
M8Z_OO)C\!X4_"&RO*F\X<E/8XU)]LV_SRQ_!&.O[[R8_`>%/PALKRIO.')3V
M.-2?;-O\\L?P1CK^^\F/P'A3\(;*\J;SAR4]CC4GVS;_`#RQ_!&.O[[R8_`>
M%/PALKRIO.')3V.-2?;-O\\L?P1CK^^\F/P'A3\(;*\J;SAR4]CC4GVS;_/+
M'\$8Z_OO)C\!X4_"&RO*F\X<E1R/Z#](QMEL=K;N[R,I:&<`QDBJ3T>9J5&M
MDDR1XM4@@RG2.8)97O!$YN;X/``X=N@VY>A[W@,JZFX=SV>ZI'=E=F.CCB+I
M<K22.,-VE?>]Q2/V.-2?;-O\\L?P1F_7]]Y,?@/"H_PALKRIO.')3V.-2?;-
MO\\L?P1CK^^\F/P'A3\(;*\J;SAR4]CC4GVS;_/+'\$8Z_OO)C\!X4_"&RO*
MF\X<E/8XU)]LV_SRQ_!&.O[[R8_`>%/PALKRIO.')3V.-2?;-O\`/+'\$8Z_
MOO)C\!X4_"&RO*F\X<E8<V=TYZ_J%VZ=J_%+6$S#:6XYNB687<DV6<)PD?T_
M;TV<@>+4)'I%:OAL>N8\IE#E5*+8RQ.4#'*<CK^^\F/P'A6?PALK'C3><.2L
MQ^QQJ3[9M_GEC^",=?WWDQ^`\*Q^$-E>5-YPY*>QQJ3[9M_GEC^",=?WWDQ^
M`\*?A#97E3><.2GL<:D^V;?YY8_@C'7]]Y,?@/"GX0V5Y4WG#DI['&I/MFW^
M>6/X(QU_?>3'X#PI^$-E>5-YPY*>QQJ3[9M_GEC^",=?WWDQ^`\*?A#97E3>
M<.2HY;.@_2-S@UZ_+N[R5@X>0[Y06<]'HN.^A)EA.,P*HI!K%`@O8U,#ARCS
M$X@`@(\0T?MR]D:6.#*8;AW#7?4D7979D+Q(QTN:A'C#=!'D]U2/V.-2?;-O
M\\L?P1F_7]]Y,?@/"H_PALKRIO.')3V.-2?;-O\`/+'\$8Z_OO)C\!X4_"&R
MO*F\X<E/8XU)]LV_SRQ_!&.O[[R8_`>%/PALKRIO.')3V.-2?;-O\\L?P1CK
M^^\F/P'A3\(;*\J;SAR4]CC4GVS;_/+'\$8Z_OO)C\!X4_"&RO*F\X<E/8XU
M)]LV_P`\L?P1CK^^\F/P'A3\(;*\J;SAR4]CC4GVS;_/+'\$8Z_OO)C\!X4_
M"&RO*F\X<E/8XU)]LV_SRQ_!&.O[[R8_`>%/PALKRIO.')3V.-2?;-O\\L?P
M1CK^^\F/P'A3\(;*\J;SAR4]CC4GVS;_`#RQ_!&.O[[R8_`>%/PALKRIO.')
M3V.-2?;-O\\L?P1CK^^\F/P'A3\(;*\J;SAR5,:'TX:]UU96=K@%K$>48I/$
M42R$DU<M1(];*M%N=)*.;G,8$E1Y?A!P'ZN5[G:UU=PN@E#,AIH!KACOJY8]
MG;#9]RRZ@=)K6@Z2",13>"S[G,7=3")A$PB81,(F$3")A$PB81,(F$3")A$P
MB81,(F$3")A$PB__TO?QA$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A
M$PB81,(F$3")A$PB81,(F$3")A$PB81,(M:-[?G2Z+O_`'+VK_X==6.%G?6R
M^%A,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3
M")A$PB81,(F$3")A$PB81,(F$3"+_]/W\81,(F$3")A$PB81,(F$3")A$PB8
M1,(F$3")A%TA6FTV=.SV--.QSQ"$GI<A"$EY`I"$+(.`*4I0<`!2E`.``'8`
M9]$AAA,,7S3?%&X-Y?%[JZN1<W`%P^F=WOCOGNJQ>EEI]9;!YYD?&<EU$/H6
M^`*#G5UTF3SCPIZ66GUEL'GF1\9QJ(?0M\`3G5UTF3SCPIZ66GUEL'GF1\9Q
MJ(?0M\`3G5UTF3SCPIZ66GUEL'GF1\9QJ(?0M\`3G5UTF3SCPIZ66GUEL'GF
M1\9QJ(?0M\`3G5UTF3SCPIZ66GUEL'GF1\9QJ(?0M\`3G5UTF3SCPIZ66GUE
ML'GF1\9QJ(?0M\`3G5UTF3SCPIZ66GUEL'GF1\9QJ(?0M\`3G5UTF3SCPIZ6
M6GUEL'GF1\9QJ(?0M\`3G5UTF3SCPIZ66GUEL'GF1\9QJ(?0M\`3G5UTF3SC
MPIZ66GUEL'GF1\9QJ(?0M\`3G5UTF3SCPIZ66GUEL'GF1\9QJ(?0M\`3G5UT
MF3SCPIZ66GUEL'GF1\9QJ(?0M\`3G5UTF3SCPIZ66GUEL'GF1\9QJ(?0M\`3
MG5UTF3SCPIZ66GUEL'GF1\9QJ(?0M\`3G5UTF3SCPIZ66GUEL'GF1\9QJ(?0
MM\`3G5UTF3SCPJE7GYUTJR7=34LY7C7)WL<LO(O%E6#Q1F[CCNV2BBQCM7)X
M]^N@*B8E.**ZA./*<P"U$/H6^`)SJZZ3)YQX55>EEI]9;!YYD?&<:B'T+?`$
MYU==)D\X\*>EEI]9;!YYD?&<:B'T+?`$YU==)D\X\*>EEI]9;!YYD?&<:B'T
M+?`$YU==)D\X\*>EEI]9;!YYD?&<:B'T+?`$YU==)D\X\*>EEI]9;!YYD?&<
M:B'T+?`$YU==)D\X\*>EEI]9;!YYD?&<:B'T+?`$YU==)D\X\*>EEI]9;!YY
MD?&<:B'T+?`$YU==)D\X\*>EEI]9;!YYD?&<:B'T+?`$YU==)D\X\*>EEI]9
M;!YYD?&<:B'T+?`$YU==)D\X\*>EEI]9;!YYD?&<:B'T+?`$YU==)D\X\*>E
MEI]9;!YYD?&<:B'T+?`$YU==)D\X\*>EEI]9;!YYD?&<:B'T+?`$YU==)D\X
M\*>EEI]9;!YYD?&<:B'T+?`$YU==)D\X\*>EEI]9;!YYD?&<:B'T+?`$YU==
M)D\X\*>EEI]9;!YYD?&<:B'T+?`$YU==)D\X\*>EEI]9;!YYD?&<:B'T+?`$
MYU==)D\X\*>EEI]9;!YYD?&<:B'T+?`$YU==)D\X\*W/Z,)F7D[/=$Y*5DI`
MB4#'G2(^?.G9$SC(&`3$*NJH!#"'8(AV\,\_V@CC9#;EC`#F.@4W%['L?-+)
M<W@DE<X!@TDG=[J["\\LO?)A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3
M")A$PB81?__4]_&$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81=$ML_&FR_
ME!,_?%SGTF#]##\$>XOB%U]:N?I'>Z5'\E5=,(F$3")A$PB81,(F$3")A%EF
M4U!-LEYB/C9NOV>>KY6"DO6J\G:%IIL21?QL6V%!.2K,6RE#FD9=LCW;-=PJ
M)E0X%$`$0HLOHW"-SXW,B=6CG9:8`G<<2,`3B!H75EV3,QTT<<\<L\=,S&9\
MPJ0T4JQH=BX"C23BHHM0+PW3D5G%0LB"<0@DZE#JPT@F$<@LV(]34>`=`!;@
M+)0%AYN`E2'G'@7MR<75L2P"=E7'#$8XTP]G#OJJ;&]:)"ZTD`8*NXIP!%<<
M,,,>]BN9AKZVO#09UH25C6%B5(C$R[Z(F1CG1E6JKU#N3L(Y\Y<>$M$3*)`D
MDH91,!.4!(`F##KJ!NL`D:7LT@$5&--TC=WUF.PNGF$F%S8Y#Q7%KJ'"N%`2
M:C$4!J,="Y6VN;<O6Y2UJQ#QA"1L9'RJ;M^S?MTY=M)SD=`-"PZO@AV[Q8[N
M2(<`$Y`,B0YBB80`HX-W`)60"0&0DB@(PH"XUQPP'AHMF[/NW6\MT8BV%K0Z
MI!&8%P:,N%#B:[F%:*D4H%Y2?H1:E/LQ9)RT,_08>0Y(7:C(BQ6RKL&X-Q5!
M!!R<$U#"``FH/*;@;LS875L6E_.&9`:5J*5WEH;"]#VQ&TDUA%:936E:5I30
M#@=XZ56O-:W6-KLS9I*ORD?&P$U'P4J#V/?MUVKN2;*N4%E`4:@@1D0`1(=4
MR@`"CMN4./?$XZMN[=\L<+)6E[FDBA&('LZ=/@.\5N_9U[';S7,ENYL<;PUU
M0002*[VC0*UTN;OA61M5+.]B%;`SK\RZA$5115E6\<[68)JE.DD<IG*:1D@Y
M%5TR&'CP*=0I1X"8`&0SPMD$3I6B3>J*^!0MM;E\1G9;O,(-,P!IX?9'A"K7
M5!O#%Q&M'M0LK1W,.U8^+:.8210=/GZ!BE69-FZK<JRCM/G*(I@7G`I@'AP$
M!S47-LX/<V=A:T5)J,!O]Y;NL;UCHV/M)`]YHT%I!)&X!33W%^V*D6&K)UX9
MEF=J[LC%R_9Q9T7:<FW3;3,A!@D]:+MD1(NY<1QE$03%4JB"B9@'B;E!%<13
M&75NJUAH3A30#@?9Q[M4N+*XM1;ZYE'2-)`QJ*.+<01I)%12M005('FLG#19
MU'$M=2<V",?Q\;-5Y)W)D?QKM_(MXHR2:[B)1CI<T6^<E3>@R6<&0$#&`#D*
M8X1-O`X-?J)!$X$AU!0@"N_45&BH%>^IW[-<QSH^=1&=K@',J:@DANDMH[*3
M1V4FG=`JJE[J=RWF"5]C=:/-S1))^PD6$8[L:1H9&(:2+Z:EI1S,5F*8I14.
MVBU3+G3554[`Y$S]O##;T&/6NMY&QT!!(;C4@``!Q-344P'?6[]EN;,+=EY`
M^;,00"_BY02YSBYC1E:&FM"3O`J-3M/&)B6T_&SL19H->04AU9&(+*(>`RJ:
M'A163UG,QL6]2\*;`91!0I#I*D(;X0&*8I98[C/(8GQN9(!6AIB-%002,#@5
M6GM-5$V>.=DD!=EJW,*.I6A#@TXC$&E#CN@A0W+"IIA$PB81,(F$3")A$PB8
M1,(MW>B/\:;Q^3\=]\39YWM%^AMOA'W%[3L7]:O?HQ[J['<\FOH:81,(F$3"
M)A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$7__U??QA$PB81,(F$3")A$P
MB81,(F$3")A$PB81,(F$71+;/QILOY03/WQ<Y])@_0P_!'N+XA=?6KGZ1WNE
M1_)573")A$PB81,(F$3")A$PB819T?;MF7M_CK$*\D2JLK56;`K7$U&J!W3:
MO2$<_(S<K-TDP=F[YCS)]\)RD4Y3>Z''.:W9T;;5\5!KBQS<V.!<"*]S3N+N
M/VS,^_CN,SN:ME8_)@*AA!H::=&%:XKZ@=NMXV)!!TW?%EHV9MTY%OF\;5Y)
M60<6QNU163DI"P14D_C%$#MA[U=KWAW2)^Z,4G(53$MB7R5:1D<UH(JX4RDZ
M`T@'3@#H./<2#:K8XLKFG6M?(X$!AJ7@#$O:2W1B17,,*855V8;@K+`M;>*Q
M$U*2\2K7N]=.RP[1RT:P4&\B#,_*T:1NYM2*PN0\&-)(]\Q0("1%#@'$8W6$
MSC*!(UL;LV`J:DD&M#XO=RFA.-%+'M:V9S=YB>Z5I9B<H(#6EM,PH7Z<,XJT
M8`E<#;<$"Q/)3C>(F'%DF(_7#9XP=N&(5ANOKV:JDB0&Z9"G=KLY1O6`(5,Y
M">"`J9,.]*/,&382NR1F1HA:9*$5S<<.'>J,WLTK@M6[6@89)VQ/-P]L0()&
M0&)S#AND.#-'O:TQ7#+;>C5V,Q&L&TJHTEH:Y-B@O'52&!C(VYU7E%A(G7(Q
MD9XFFV@@(X<+*&4=F,4>Z2Y1`^8[%X=&]Q;F:YFZXU#0[RB:8G`#1OE8EVM&
M62QQM>6O9(,0QM#(6>0!7!N))J[#`4QC]DV-&6&INZ\>-D$'/@NKA8NP7;G2
M%]0Z@[J3\'B8E[P6L@B_461$AN<IRE`P<!$<EBM'Q3ME#P162H[CW!PIWJ4*
M@N-H17%J^W,;@ZD-#4:8HS&:]P@DCVU?:EM&KP%;913F*E?#4JQ9:Z[.W9PC
MPJB\P\D'S:5:RLCQF6"/^])H+,&YT&P\@N!%10QB&CGLYI)G2->W+G:X8D:`
M!0@8'14.-3N8!36NT[:"W9$Z)V<1/8:!IQ<20X./&&D`M%![[$FBY6^Y(XLK
M;73B*DS-+9>[=8EA1=-RR$;"VZN66M+),%CE,0DS'-;`"B1^Q,PH\@B!3<0P
M;!^2!H>,S(FMT8$M<UV/<);CWUENUX];=N=$[)+/(_2*ALC'L-/]0#ZC<PHH
M+:;A&O$Z&VK2<JBG18I5@V>31FJCMXY&RRM@2=BBV%1%ND0\B!2H\R@)E(!>
M<X!S#9A@>TW)F+:R.K05H!E#:>UI5*YNXWBQ;;AP$#:`NI4G.Y]<-&G1C314
MZ5>'URHJDQ(VII7IA2P3DXQFEV[YV@,96UPFF\W,&@UD5/"911\=$[=`7::8
M-VZIN/>J<J@1MM[D,;"Z5NJ:TC`8NPH*[@II--)&X,%*^[LC-)=-MWZ][PX@
MD48<P<[*=+JZ!F`H"=)Q4NG-QP\A.#,@[V;.MGKJQM9*NVJU-WD*VKMMB)>'
MF65?(FW4/%/D&TD4&J@`8B94P`Q3!V9!'82-CU>6%K@&T<UM#F:007;XPQ5N
M?:\,D^NSW+VN+P6/>"T,D:YK@W#BD`\4[E%C.;L5>2JQ:A54)D[%U/H625DI
M[P%%TX=L8]Y&Q;)LR8'<(H-V#>2<B=45C&7.J`\B8$`!N1Q2F;7S%N8-R@-K
M2A()-3OT&YA3=7.FN+<6O-+5K\AD#W%U*D@$-``J``"[&N-=`HL?9:7/3")A
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M@3G.8QSG/$1YCG.81$QC&%N(F,81XB(]HCDNNF&`E=3OE0&UMB23;LK\$<"^
M?1.K>K5?\S1WBV-?-Z9WA*<UM>C1^:.!/1.K>K5?\S1WBV-?-Z9WA*<UM>C1
M^:.!/1.K>K5?\S1WBV-?-Z9WA*<UM>C1^:.!/1.K>K5?\S1WBV-?-Z9WA*<U
MM>C1^:.!/1.K>K5?\S1WBV-?-Z9WA*<UM>C1^:.!/1.K>K5?\S1WBV-?-Z9W
MA*<UM>C1^:.!/1.K>K5?\S1WBV-?-Z9WA*<UM>C1^:.!/1.K>K5?\S1WBV-?
M-Z9WA*<UM>C1^:.!/1.K>K5?\S1WBV-?-Z9WA*<UM>C1^:.!/1.K>K5?\S1W
MBV-?-Z9WA*<UM>C1^:.!/1.K>K5?\S1WBV-?-Z9WA*<UM>C1^:.!/1.K>K5?
M\S1WBV-?-Z9WA*<UM>C1^:.!/1.K>K5?\S1WBV-?-Z9WA*<UM>C1^:.!/1.K
M>K5?\S1WBV-?-Z9WA*<UM>C1^:.!/1.K>K5?\S1WBV-?-Z9WA*<UM>C1^:.!
M/1.K>K5?\S1WBV-?-Z9WA*<UM>C1^:.!:Y;O@()KLSH[0:PL2V0DNHVSLI%%
M".9HI/V:?2-U32)&CU--$I'38D@P07!-0#$!9%,_#F(40:^;TSO"4YK:X_\`
M&C\T<"V-]$ZMZM5_S-'>+8U\WIG>$IS6UZ-'YHX$]$ZMZM5_S-'>+8U\WIG>
M$IS6UZ-'YHX$]$ZMZM5_S-'>+8U\WIG>$IS6UZ-'YHX$]$ZMZM5_S-'>+8U\
MWIG>$IS6UZ-'YHX$]$ZMZM5_S-'>+8U\WIG>$IS6UZ-'YHX$]$ZMZM5_S-'>
M+8U\WIG>$IS6UZ-'YHX$]$ZMZM5_S-'>+8U\WIG>$IS6UZ-'YHX$]$ZMZM5_
MS-'>+8U\WIG>$IS6UZ-'YHX$]$ZMZM5_S-'>+8U\WIG>$IS6UZ-'YHX$]$ZM
MZM5_S-'>+8U\WIG>$IS6UZ-'YHX$]$ZMZM5_S-'>+8U\WIG>$IS6UZ-'YHX$
M]$ZMZM5_S-'>+8U\WIG>$IS6UZ-'YHX$]$ZMZM5_S-'>+8U\WIG>$IS6UZ-'
MYHX$]$ZMZM5_S-'>+8U\WIG>$IS6UZ-'YHX$]$ZMZM5_S-'>+8U\WIG>$IS6
MUZ-'YHX$]$ZMZM5_S-'>+8U\WIG>$IS6UZ-'YHX$]$ZMZM5_S-'>+8U\WIG>
M$IS6UZ-'YHX%7,8:(C#G4C8J-CSJE`BIV+%JT.H0!X@4YD$DQ.4![0`>SCFK
MI)'TSO)[YJMV0Q1DF.)K2=X`>XKEFBD3")A$PB81,(F$3")A$PB81,(F$3")
MA$PB81,(F$3")A$PB__0]_&$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,
M(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PBUHWM^=+HN_\`<O:O_AUU8X6=
M];+X6$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB
M81,(F$3")A$PB81,(F$3")A$PB81,(O_T??QA$PB81,(F$3")A$PB81,(F$3
M")A$PB81,(F$6F\E_2,A_P"-=?[=3.PSQ6]Y>8D\=_?*HLV6B81,(F$3")A$
MPB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$
M64-3?C&]_J1S_P">C<JW?Z-OPO\`(KH;-_3O^`?="V%SGKM)A$PB81,(F$3"
M)A$PB81,(F$3")A$PB81,(F$3")A$PB81?_2]_&$3")A$PB81,(F$3")A$PB
M81,(F$3")A$PB81:;R7](R'_`(UU_MU,[#/%;WEYB3QW]\JBS9:)A$PB81,(
MF$3")A$PB81,(F$4'V=>&FL=:["V2_8N)1CKVCVR\/(UHHFB[D6E3@9"><,6
MRJW%%)P[18"F0Q_@E,8!'LRQ9VSKR\M;1K@UTLC6`G0"YP;7V*KG[6V@S9.R
M]I;4DC+X[:WDE+1@7"-A>0*X5(%`M:WO6E2&]1Z;+,WK$^\>=1MY@*,SKI5&
MR,E1G;NT1M$MSZRF5*!#MJ)>YEI$O`3`#*.G!`)PX@`]AO9ZY,^UX3,T-M(W
M/+MQX#2]H;\-@+AW`O+2=N[!MEV6NFVDCG[4N&1!F`=$3(V*0O[D,KFQNII<
MX465?:;T,4EF66V7`M6E0;N'LY)/B23"))',[$SJ+Z5C)=ZQ0C+!#QUGD$&#
MEY'K.FK=TL1-10IC``T>I]I_,@6;BZ0T`%":EI<`0#5I+07`.`)`J`NQ^*^S
MH%VYVU8PR`$O<<P;E#Q&7-<0&O:V1P8YS"YK7$`D$KD#J3TH:!-8B79,[,MH
M6I0QZ<#:%+1Z5-XLL\O!A2B0AKB+Y*OG"1,4&'`(X0="/@X@IF.J-HZW5<WX
MV3/7,W+EKEKGKDIFXOC>-Q=."S^*=@\WYT+\9-<8J9)-9K`W.6:K)K*AG'\3
MQ./XN*XW_4WH6,6B$G6S:^*<Y#UF>CI!H#^0AC1=T432IZSN=CV3J&C%K2=8
MODY!TNBN\`P"D0X=N9;L?:;P\MLW5:YS2#0&K/&HTFIR^^(!`W5B3M7V=B="
M'[5CI(R-[2*N;EE_1DO`+6F2HR!Q!=[T%5#WJ1T;&R%GC9'9-?8N*<WEW5@5
M>&>MHYLE79%M#V4&4PLT)$S2U7EGB36539+N%(QPH5-T5(X\,PW9&TGMA>RT
M>1(1EI2O&%6U%:C,`2VH&88MJMI.U/9^*6[BEVI&UT`<7UJ&@,<&OHZF5QC<
M0V0-+C&31^4K@A.IC1EBG6-:B-@QSB<D;"O4V[!:.G6!T[(E''F$(=^K(135
MO%O9:)3,ZCBNCH^5&Y149]^0!',R;'VE%$Z9]J1$&9JU:>+6E10FH!P=2N4X
M.HM;?M5V?NKB.TAVDTW#I3&`6O''#<P:<S0&ES>,S-36#%F8+C0ZG]!.8R7F
M4]GUXL5"+U])Z_<>4&C95&V2AH2L2L4JZ9(A/5ZPRY#-F4FQ\(CG*Q#%36,)
M3<!V-M0/CC-F_.X.H,#XHJX&AXKFC$M-'`:0L-[6]G'133C:T6IC+*DU`(D=
MEC<VH&=CW<5LC,S'$$!V!5E)U7:>>6S5U1A9IW-/-J3]JK$8LWBI1D,#.5%H
MLM(1=HC95DQF(21.\2*W!NNW(NF90BBA2(F!3).I+]L%[/)&&M@:UQQ!S!QP
M+2"013&H--P8X*`=L=B/O-D64%PZ1]Y))&TAKAD?&"2V1K@',=49<I`(J"0&
MFJV4SDKU*81,(F$3")A$PB81,(F$3")A$PBRAJ;\8WO]2.?_`#T;E6[_`$;?
MA?Y%=#9OZ=_P#[H6PN<]=I,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB8
M1,(F$3"+_]/W\81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A%IO)?TC(?\`
MC77^W4SL,\5O>7F)/'?WRJ+-EHF$3")A$PB81,(F$3")A$PB818^VS1?G1U7
MLS6?E3R'\XNO[G1?+?@/E/R/Z75R2K_E3R;X9'^4/)_E#ONX\(0[WDY>\)QY
M@M6-SS*]L[S)FU4K'TK2N5P=2M#2M*5H:;RYNV=G];[(VKLK7:OG5M+%FIFR
MZQCF9LM16E:TJ*TI4:5JN3HCBT+I-6YOL!T5)UL+3E]KD$M64%6-/-0K_4]F
M;)BXE8DV@NK\\UOJ#9X\74_H]<`,5-P!1*;M?B-YMXX#:BHBE8XYL7YV.CC)
MP_\`R:X@#WPW0O(#L#"V^GO6[2-#<VTS&&,4CU,T<\[6G.#_`,J2-KG$^(<0
M'4H8&7H2N+Q^V=3VY8F663IDA1G\ZYI5H?6B<CU-KZUVHQFIA[,[2DX[RPH[
MUR1JJW8-HZ+0*\5.W;$*!$BV?Q+;M:1%L]S1K`\-SM#0=5)&0`(P:?.5!<7.
M-!4[JYP_M[?/D8^XVXQ[A`Z(O,4AD>.<07`<XNN'-S5@#2&-9&,Q+6`4"RS>
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M96FCVNH*^/\`P?M_9ML>SUAFDLYC9ZR7)%D)MW1-+\SK@21`11,SQB&8O>`8
MWLS.`S5*=!B,LRM%96OD6G4GGSC.JD=2HS4M:X5_LBR.Y]XG,2,QL!Y7G\;"
MIOEVI`CHR(=2"*I1=+B=(YG'/9VF+'0S"V=KQJP[C`-(C:&B@#`X$T!XSG!I
M&`QP[LO]NVS1WEH[:+!9.UYC^;<Z1IG>7G,YTQ8YK:EHR1QN>",[J@EV7;ET
MLM+I,[`D']R5;L=@;OU=N!Y'H01RKLFFN=?TZAN*JC(ISR*AU9]&J"X+(%32
M,S%SR`@J*?.>A;[:=;QVK&V]716TD0-=)D>Y^:F7WN:F7=II%:+M7W9%E_/M
M*62^(CN;^WN2`S$""&.$QAV<>.(\V>@RYJ974J<95/HB=P;:J-9/84*[]`93
M2):O(1])FDY5[6].;%J^PCLK&YG=AV`A92TGJK9F88LL;%LC`9R1BH)RH)79
M^T;9'3N9:N&M;-F!>*!TL;F5;EC;@W,3QLSCHS"E3RK/L"^W99LEVE&>;/M=
M6YL3LQ9;31S4>7S/XTFK:WYO)&W%XC-0UN4V736^B=A16PXN^-"/8_>=^VXM
M'OZ@L\:N8;8M&BZ+-U%-1O;(]5M)M6<;W[65'O4B*GX*,%2AVT7;7;):OM7V
MQRFV9%4.H:QO+P[Q3@2:%NG><%UX^RTD.TX=IP[1;K&[0FN2TQD@MFB;$Z/"
M1M'`-JV3$`G&,K:S.*O8)A$PB81,(F$3")A$PB81,(F$3"+*&IOQC>_U(Y_\
M]&Y5N_T;?A?Y%=#9OZ=_P#[H6PN<]=I,(F$3")A$PB81,(F$3")A$PB81,(F
M$3")A$PB81,(F$3"+__4]_&$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81:
M;R7](R'_`(UU_MU,[#/%;WEYB3QW]\JBS9:)A$PB81,(F$3")A$PB81,(F$3
M")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB8190U-^,;W^I'/_
M`)Z-RK=_HV_"_P`BNALW]._X!]T+87.>NTF$3")A$PB81,(F$3")A$PB81,(
1F$3")A$PB81,(F$3")A%_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>26
<FILENAME>g36434g87f58.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g87f58.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0OD4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@`````````````!=@```@L````&`&<`.``W
M`&8`-0`X`````0`````````````````````````!``````````````(+```!
M=@`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"4<````!````<````%``
M``%0``!I````"2L`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!0`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#TAW2ZW3^L9(G72YXUX_>4F]/K!!]:\D.#];7:[3OVQ/T/Y'[GL5M)
M)36&!6/3_27349!]1WN^E_.:^_Z:@SIM;#/KY!($#=<\]MOBKB22FM3A5X]@
MM%MSMK2V++7O;'M]SFV.+=_L_G/IKGNK?7!V\T]*#7-$AV2\2"?^Z[);N_XU
M_L2^N/57@CI5+@&O:'Y)!U@GV4?R=^W?9_(_D6+EU-CQBN(_0-7/G(/#'2MR
MFR,[.RG%V3D6VD]G..WY5-VU-_S$.NVZIVZFQ]3OWJW.8?O86J*2FIJV=[=K
MIWULZEBN8S*/VO'!`=(`M#?Y%@VL?_UWZ?\`I5V&#G8N?CMR<5^^MTC@@@CZ
M3'M=[FN:O-5H=#ZL[I><+#KCW0S(;)@`D1?_`%Z?_/2CGC!%C0L^+.8D"1N/
MC^B^A)))*NW5))))*?_0]50<G+QL5F^^P,!X!Y/]5H]SD+J6<,+&-H`=8X[:
MFG@N/C_);]-<VT')>^ZY[G6N=[G:1'[ON^A_)3HQO4[+)SK0:EVC]8\*=*[2
M/&&_]^>K.)U;"RW;&/++#Q6\;2?ZOYKO[*YMV+;N.QLMDQ+FS'\K7^4@Z%/X
M(]&/W9#=RL_(=DY^3D/))LM?$]FM/IUM_LUL8U#J%!<1>]S&[3M+&[CN[;F_
MNJUGX@8/7J$-G](WP)_/:J2F&VC3D"";\T_HXQ'MLN=/$4\Z28]_[WM2]+#,
M$67`0)'I3K^<&NW,_-_DH;,C(K`%=KV!L[0TD1/.U2^V9G_<BSM^<>WT4=56
M.W\O\9C8VD1Z3W6<SN9LCB/SGH9`((/!T*<DDDDR29)/<E$QJ#?:&`PT:O=X
M#R21N='M^D]5I'0\3(R[-KBS89U<YU9-+G!H]SMVQ.?K'B3I5:1XPW_R:PL?
M'K+"UDL#(#0&[M-7$?O(OV-QG5VAX]-TZJ`PC9;@R3H#L'H,7K.#DO#`XU/.
MC6V#;/\`5=+F?])7EQ=C:QHUV\&9D1I\UL="ZB\O&%<=S8/HN/.FOI'^S]!"
M4-+"^&6S4G__T>S^L5CG9M=<^UE<@>;B[=_U#5GUB1H1NW?0VR8VN]_]5:7U
MBI<W*JOCV/9LG^4TEW_2:]9C#7]%P]TSN),;8/MV#^5^>IH_*&M/YRD]/0SI
M`G^;A0-#@-`XD<C:1'S4IHUU:>PU=_G*+S7`V.!<"-073_TD4(;6"RM]9X<T
MA8@U`*Z+%I^T955&L6.AT<[?I6?]`*EU;ZNYG3K?T8-^*]T56CZ0GZ++V_\`
MHW^;_P"*3HR%T2Q9(2(X@+`T+EI*\SI9_P`)9!\&"?\`I.4G=+KCV6N!_E`$
M?AM3N(+."79SUH=,:!58_NYVWY`3_P!^0Z>D9]^2W&H8+'/U]288&CZ3[#^9
MM6UD]%_9.+0`_P!4O+O6LB`7GW,VMEVQNQJ$I#:]UV.$K,JTBAKT:XE[6B0"
M"3N,[OHL'TFM_P`(I;F@Z/K'F"Y1K=`(W$$D$``:QN_PCOH;?_!%.+(U<^/[
M'_DDQF"/8T:>JP^<G^Y.QWI75V-<';'!P+?Y)3N=>T:G0QX?+A*BM^1E55_2
M=8\`_"?>?[+$4/\`_]+T[-Q*\S'=0\Q.K7#D.'T7+F+Z<G!?Z&0-K2[<"V(<
M0-FYED?ROYM=<HO8RQI8]H<T\M<)!^].C*O)9.'%KL7D3D':0-P,0"3/\/W4
M,OL>17)>2?:P:DG^2T+IG=%Z8XR:`/)I<T?YK7!JLT8N-CB**VU@\[1!/Q*=
M[@Z!9[4NI:'2.E'%!OR`/M#M&@&0QI_-_KN_/61U/.=F9+G3--9(I':."_\`
MMKH^H/<S!R'-^D*WP?D5R($".R,-2249/2!$;)?0/8]@8VOG7^JUR@^MS#!!
MC3W00#.OYX:IAQ``+F\`@;SW'\D^W^HF>2YO((!&@<3_`-%R>QL6/?6]MC#M
M>P[F.'8A=+0:>K=-'K`2[1X;^:]OYS/^J:N86W]6G.C)9^:"QP^)#FG_`*A-
MF-+[+\1UKH7+S,/(PG[,@"#]&P?0=\'?O?R$"`NU<UKA#@"#R#J%4=TCIKG;
MCCL!\M!]S831D[A<</8_:\JT%S@QHW/=HUHU)/D%T71^E.Q9OO\`Z0X;0T&0
MUI[?UW1[E?IQL?'&VBMM8[[0!/Q14)3O0+H8J-G4O__3]522224I))))3"VM
MMM3ZG?1L:6N^!&U<=96^FQ]+_IUDM=\1W_M?27:+-ZKT@9?Z:F&9`T,_1>!^
M:[^5^Z]/A*M^K'DAQ"QN'`+F>T;VQM;,5]X]P(/TG_OV?X1,YS'`2X3Y,`/'
MBU/=C9%#BVZIS"/$:?)X]CD-K7N,-:7'P:"3_P!%2L&O9=P8![7%Q\Q"Z'H&
M,:L,W.^ED'</ZH]K/_)_VU1Z?T.ZUS;,QOIT\^D?I.\G?Z-G_370``"!H!P%
M'.70,N*!OB(KLNDDDHV922222G__V0`X0DE-!"$``````%4````!`0````\`
M00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'`````3`$$`9`!O`&(`90`@
M`%``:`!O`'0`;P!S`&@`;P!P`"``-@`N`#`````!`#A"24T$!@``````!P`(
M``$``0$`_^X`#D%D;V)E`&1``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#
M`P$!`0$!`0$!`0$!`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``$0@!=@(+`P$1``(1`0,1`?_=``0`
M0O_$`-```0``!P$!`0`````````````$!08'"`D*`P(!`0$``04!`0$`````
M`````````P($!08'`0@)$``!!`("`0,"!0($`P,%$`,#`0($!0`&$0<2(1,(
M%!4Q02(6"3(C44(D%V$S0U(E&'&!=%;6P6*"DF,T1-0UE;4F-I:F)S=7&1$`
M`00!`@,%!00'!@0#!P('`0`1`@,$(1(Q005182(3!G&!D3(4H;%"(\'14F)R
M%0?P@I*BPC/ALE,DTD,6\8.C-%2D)<-58W.3L],U1?_:``P#`0`"$0,1`#\`
MZX3?,3LZ)J]#WE,T#14^/V\]IW/56I#C[!LI.U("$V>^Z_Z^W[8:\E"*@-7;
MQOE/'%)I@N#)HZNQ%*+,D%#(B#\53<N:L#UU_)QM5UK%)>3Z3J7LZRVSXQT_
M=L"AZNM=NULVD]D;CO?2?6W6W3_8,[9HNRQQQ-\VWN5XDOX;7-K`:Y/,:$1K
M@HITVJ]VZ?-O:^I];^1-7O47I;9NU.IZ[JF)H=3H.\V0*[;.Q>\]PF]7]?=>
M;=K%[$?N>G+%[,^@C2+AC9E=/K9ZR`*(\2;$CD;AV*C-;_DO'8[#\.#7O7D6
MMZW^0_6>VS>W]RAW)9@?CYV_K?8^D=*_MJ_*L=D>QTD7>6P2-.E6GB)(]E(A
M2"*.(IWL.FWBI1I_\A>\;C\<KCORSA]8=:0-3Z+^*'<U^&YJ=TWE]Q-^2'3-
M5OH^OM+H:&[H;B[V^7O%[#H]?B#>0]I(D"`@U.5O!&U95!M_SX[,Z9G_`!!U
M#O/J_2M<[`[6HZ3</E!4TVVS"P?C_K&^=BZ/TUU^E:8T>7^Y;:1V7V9"'8^)
M21(]=K]Y)0OL`$?",[LJC[0^5/R$ZKOOET^QINFKO6/C+U#JW;,&/"K]WK[[
M:H_83>S_`-KTDN8?89E?7FI7]>M^O.P#VRDDK[3`^*<D8:*M)7RM[+$*T[;#
MHVD/^.-+\DI7QJFD??;(WMTTVJ[[3XO;%V7&JVT+M;2GH^[02@)1^9)4W78J
MV89JR""JG^KQOBK2_&S^1JV[QVSJ;KC8^MZ_1.Q-P[;['U'9Z$MI+EB?U=6=
M>]O;YU5V]HTEPAI;T&\FZME4TI#<+!NZNUBJB_3B>3Q>D,KM;W\KNRM>9W;V
M=0Z-I$[H/XZ=@AT+L`MK?;)&[0V:-1Q=:F]I;CJ%;$H3T,")H0]D<.!62G'D
M;(6ND>$B`,L5YO5XWQ4=\3?DSO7R&O-J-<GT.MIJ+9>WM>35:;1NTH6Q06==
M]M[%UK53Y6_;`5F@WWW.-KZ2C@KV.(-\E&IP@B+A"&5L^POEIW_U7,^5ECLM
M)U)>ZQ\:HW6$ML76Z'L-=EVD7:A8!ZU@HXKJZ?\`4T=?*>TH(T60:=(1J!:S
ME&+XO6&BI[M'^1.VJ>P;32]!U0E+51M^Z!T@6S=O=1=]:M;PW=NZ7\C]MN+$
M_5UMJVG]A7$2K?TC#C0S0XJQS+8'<I'?3N1",K]]T_)3<>IOC9HG;,=^EWFR
M[?V/U+H9[8FF]E0-3A1.SNS*G22;`+1'O)V49:6MMD.D!525(,)4;PUS43U>
M`.65H^K/FKVIW+>Q.H=%UGK(O;KMT[RA3]HO5["U[0XG6W1U=T=*M=U+H-O5
M1.QZS9+^X^1>KP(-#9&@K(ADD7`)AX*16R_%ZS*E>V/Y-'=5:GT[96_7U`/:
M[#M+M;7OD51+MTPU3U7U+\<^VJWI;O\`[<U*\)0UQMPJ==V;:*>RJ0R(D`\^
MHDE0HP2P&`,@'%3:_P#GMME)WMM?6XTZAG`U[Y;=3_&:NZT<;;XG;>Q4_8X^
MHB6_9-=;M),U-H=)K.R9UP>O+$']374$AC)##E'A&T5??'SY8=M[TGQ>N>T=
M3Z[BZG\MM8V:QT:7HDK9`76D;7K^GR^Q(NK[37WY;"+?UUSIM);$^Z1#0_I9
ML`8712-EH0'J\(XJU5Y_)7.TCN"FZUWS0*2JH]5[M^1?7WR%W&/<36AZGT72
MS:H3XX[@2OE`1Q['O"%VIJBNC$)[(4D3"!(]!A&3Q>MHJETSYC?([>^K;SLF
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M"-?J>B-7<;YL@7/E"E_:7$J*69_\G8RX:\*B_@J9L'3_`$OUOJ6V5&%*-)_%
M/P1]H?4C^$%:3UO^H?I'H!G7E]6A9E#_`,NK\V;]AV^&)[IRBM9G9G\ULUSC
MQ>F^EXH6IY_37G9ER62XG*)X>_JNK%B(+Q7U7QN7^7/'IQRNXX?].HZ2ZAU$
MD\XUAO\`-)_^1<KZK_7:9,H=#Z$`.4[Y/\:ZV_\`[I6#&[?R<_,K<WE:/L\&
MG02KS]NTG6->IV"7\O:M),"QV)J)_@LU4S9L;T9Z>QV?"-DNV<I'['$?L7/\
M_P#JMZXSB0.K"BL_AJKA'_,1*?\`F6,6Q?(7OK;GD?M'=7:]^A?1PK7L':YL
M9&\E5!BBFM71@A:IW\,8QK&^:\(G*YF:>E=+H`%/3J(^R$1]K+5,GU)ZBS2?
MJ^NYEC\I76$?`R8#4Z!6JF3YUB9)%A-ESCHQHT/,D&E&0;556L0AWO?X-5R\
M)SPG.7T8Q@&A$`=VBP\[++9;K)F4NTDD_:H3*E0I_4;7M&O^/V'9+^D\?<\?
MM%Q8UOC[O'N^/T<D/'N<?J_Q_/(K**+?]VF$O:`?O5S3F9>-_P#+Y5E?\,I1
M^XA7RU?YA_*?37"6A^0':S!A>CQ1+3<;?8JX;D(XJHVLV*1:UR,(1ZN>WVO%
MZJODBYC+_3_1,A_-Z50_:(")^,6/VK/XGK;U=@D'']1YC#E*V4X]ORS,H^W3
M7FLN=`_EW^5NJ$"S;':'V;"3Q;(_<.L"HK1PV^JK%G:8?7H0)#N./,L.0WCG
M]'/JF!RO070[P?(\VF7[LMP]XGN/P(6Y]._K/ZPPS$9AQ\NOGOKV2]QJ,`#[
M8GV+8#U7_,OTOL;X\'M?0-MZSED1&DMJ:0'?-;&YO*/-(=&BTNQ1F%X16C%7
MRU:J^*N7CR=JV=_3WJ-+RP<JNZ/8?!+[28_&071^D?UPZ%E&-?6.G78LS^*)
M%L/:6$9CV"$O;S6SOJ_O'J#NFN=9]5]BZKNX!!8>5'I;4!;6N$]6(Q;:C,H;
MJG<Y2-3QE1PNY5/3-,S>FY_3I[,[$G6>3C0^R7`^XE=7Z3U_HO7:O-Z1U.G(
MB`Y$9#='^*!:4?[P"NKEBLNF$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81
M,(F$3")A$PB81,(F$3"+_]#M:'\/NBA[0;9THMF()VT[;OL#3#]A[])ZQH>P
M-[BW,7;M[USK"1L9=$HMINEV.PD.D1H`T!86$N<!HILN5(,7KE1L_P")70MO
M1Z'K5SI7W>BZXZ(VOXU:S6V%S=&`/I[=6]7_`'_6YSFSV'G3"GZ:UT\>R>_[
ME!D0/=C'$0A7/(Y5!$^`OQKLMUK.P=MU[<>R=IKIVJ3B3>U^SNPNTHULFA5W
M8-;HU==5F^['L%;84FIM[.MY42"HDB+:&;8F&6P9]2I'*FU?\&/C#6+OX(O6
MD%M'V9KW:VI[3J+IU@NFOUONR?J%OV335.K-D-IZ*#L%UI,.<C(@@_32WG*#
MVW')R1SHJ.-_'1\9/LW7%%75&^4$'J?_`&>?HZ4'9N[5I*R9T)UV7JWJ:SD*
M.W<.TMM,U(SFQ),EI3#FJDQ')*:TK2.54UY\$/C7N-=V1$['TV;VK9]JZ'!Z
MTVO;^SK^TW7>F:95?O!]15:YN5R<]_J3ZB3OEH>+(K#Q9(9$A"M(CQC<PCE7
M*VKXV=4;K%[:B;/4VMJG>'7^H=9=E'+L%P.5?ZGHX]H'01VG!+$^NG"_>5@X
MLJ/[1SN,BO<O@S@CJ4G^)_2DG?2=@%I=D60??H/;$G36]@;V/JJ7VM5DA2*W
MLF5U2/8F]?R-NA6-<"Q89U>HOO81VRC6U&.:TCJ7T/PY^/>M;CTAV!4:,V-N
MGQWKNQ:;JS8UM[8EI44_:B6'[RJ;.0^8KMCKI9;606,*?]0R"4SWQT$XA%<1
MRIAL_P`4.E-OW>UWJZI=D?)V39-3W/<M5@=@;W4]:[YN.B#J`ZCM.\]9UFQ1
M-&VJ[IP:]7#<69`*DX=9!9,22V##0!'*NMUSUSJG56JBTS2H)J[7PWFX;$.+
M(FR[`J6N];A>[ULAUE32GD*R9LFR2S,9Y>`6$0;$:QK6H7BH?:OCIU3NG^Z_
M[@HYLO\`WK_8O^X7M7=M%^Z_[<?3_M/Z7Z>6/[5]#]*SS^F]OW^/[GERN%ZZ
MI[L;XH]1]G;=)WZ\#MU5NQ[CKR^'M&H[MLFJW$&UZNI^RZ#3Y5=(IY\=(3H=
M1V[?`,C&HV2V8GNHY1#5I'4\VWX\Z3O76-'U7M=UV)=5&N;7KF[U&RRNP=F3
ML"+M.H;>+>-9M_WN*:.^)(I;Z,)0(XJM:`+`JBC:C<(ZH5/A=TDUI;!/]R&;
MT?;Y6]%[;#VYV1&[<?L,W4*GK^5Y;_%V4-VM!(TF@@5I*;S^RE'!`9\1TH3)
M"$=0J?!'XI$#8Q;+I^@V.'8]8$ZB=&W`UCN;HNH3]DWG<=CD1+#:YEQ;-W+=
M]L[%M+/8-B)()?7D\@SS99RA$YI'*J2F^)/2E'H4KKB+27<C7)W9O4G<4M]A
MM>P3[F1V/T?-ZGL^NME+=2)[K%\BKL>D]>,<2O\`8G/BD20PC9!VD(YXJ&ZB
M^(73/2MIJ-QJ8-WLI77FL6^F=<1]T['W;<JCKS6;]]:Z[K=-H+ZZET5(6S'3
M10DELC+.2*'V&F:$A1O(ZD?9?P5^,G;Q/D2;?NO77)?E37=4U?=A&[!L$%VS
M@Z5/'D==&AK!L@?MZ=2F@Q7/D0/IS2OHX_ON(@!>!'(959V5\4.E.U[RVO=L
MI=D"_:=;J-,WZGU7L#>])U?LW3J`\X]/JW9>K:CL5+0;Q20VVDF,HI\<RGK9
M)J\RDKSFBO(Y4W+\;.HBU4NE77I0X$SO&A^1;Q!N;8*B[5UO9Z#;JNZC.'+;
M[%>.VUN,CX#?]$\'F-1^+UPCJ`ZV^+/3/4=OUA>=?:_8:]9]2]#Z[\:M:D`O
M[DWW'IW3F52:;K&WCDS#"V\VGEJW$JYT]#38+YTY1%:DZ4A2.LA\+Q,(F$7R
M][1M<][FL8QJO>]ZHUK&M15<YSE5$:UJ)RJKZ(F..@XKPD`$DZ+6-\EOY2^B
M^DR3]:T#CN??XRFCEBZ[8"CZ72S!N<)S+G;FBEBF'"3U6/7"E\JQPR%CNX7-
MSZ/Z)ZGU$1NRO^WQ3SD/&1W1T;VR([0"N4^J?ZM^G^@FS%Z=_P!]U$.&@0*H
MG]ZS5R.R`ES!,2M#_?7SJ^27R&?-A;?O<NBU*8I6?L/2%/K6J_2E\D6)8!C2
M"6>P@\7?A9RIB(OJG'X9T[I?IGH_21&6/BB5X_'/Q2?M'*/]T!?/?J+^H'JC
MU*;*\WJ!KPI?^34\*V["`=TQ_'*2P_S/K2DPB81,(F$3")A$PB81,(IK1WUY
MK-K"O=;N;77[NM,DBON*.QF5-K`.W^D\*P@&CRXIF\^CF/:Y/\<CLJKNA*JZ
MN,ZSQ!`(/M!T*FQ\C(Q;J\C%OG7?$O&4)&,@>T$$$'V%;3/CY_+7WGUI]'1=
MMQ(_=&J"<(2V%@8=/O\`7QF\,50;#'COAWOMM57JVQCEDF?PU98V_AI75?0G
M3,S=;@2./?V#6!_N\8_W2`/V2NM^F_ZR>H.E;,?K,!G88YD[;@.Z8#3[?'$R
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MOMVOT['M/-,BO:A"N4<:,CT<<HV+Y9DNE])SNKY`Q\*G<>9.D8CMD>7LXGD"
ML!ZA]3=']+X)SNKY0A$Z1B-9V']F$>)/:=(QXR(&JYG/EG_(IW%\E3V&M5$F
M5UKU*\A!"TNBL"ML-@B(J(,F[W8/IRW/N<>?T0T%`&OCR,I!M,O8^A>DNG]'
M$+K`+L_]N0TB?W!R]NLN\`LOE?UC_4SK?JF5F+3(XO1G_P!J!UF/_P"+(,9?
MPAH#30D;EKWS:US9,(F$3")A$PB81,(F$3")A$PB81,(IQK^PWVJ7-=L>L7-
MIKU_426S*JZI9\FLM:Z4Q'-:>%/AE#)C%\7*G+'(JM547T5<CMJJOKG3=7&=
M4@Q!`(([P=%/C9.1AWU96)?.K)@7C*),91/:"&(6]CX@?RUJ1]5U[\IE8U7J
M.#6]Q5L-&,\EX:!F^TD$*,8BK^E;*"-&I^CWXZ)[LG.9=?\`0C;\OHGM-1/_
M`"$_\LO<>$5]!>BOZR.:>F^KO9')B/AYT1_SP'9NCQFM[M99UMU70;>GL(-M
M4VD./85EI62P3ZZQ@3!,D1)T&;%(6-+AR@$:\91N<Q['(K55%YSF4X3KG*NR
M!C9$L00Q!'$$'@0OH.JVJ^JNZBR,Z9Q!C*)!C($.""-""-01H0H[*5(F$3")
MA$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB__]+OXPB81,(F$3")
MA$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3"+!KYG_`#CT/XEZZ.#[4?;>
MV;Z$^1JNBBD>`X\=2*%NP[9("Y35=`,C7H)K4^HGE&X8?%K3&#LOIWTUE==N
M,G->#$^*?^F/;+MY1&IY`Z!ZY]?=.]'8PK87=9LB]=3\!PWV$:QAV<YD-'02
ME'E7[=[C[&[TW6QW_L[99FR;%8*HV/.J"@U4!I"$CU%)7#XBU53$4KO;`)K6
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M8OA)A38Q&LDU]E",BC/&,QA@D16N:BYQ+,P\G`R+,7+I,+XG4'[QR(/(C0KZ
MXZ7U7I_6L&CJ/3,F-N'8'$A]H(XB0.AB0"#Q"KO+99!,(F$3")A$PB81,(F$
M3")A$PB81,(F$3")A$PB81,(F$3"+__3[^,(F$3")A$PB81,(F$3")A$PB81
M,(F$3")A$PB81,(F$3")A%@A\Y/FQK/Q-TL<*N;#V#M_;8,K]E:L\B/CUH&J
ML=VV[0P;T-'HH4A50`OTDL9#'"$K6,D&!L_IKTY=UW(,IO#`K(WR[?W(_O'F
M?PC4\0#SWU_Z[Q/1V"(5"-G6KHGRJ^41P\RSF(`\!QF0PT$I1Y.MRW/:^P]G
MN=SW>_L]HVG8)CYUO>7$E\J=,D.1K&^3W_I%'CA8T00C1@0!8T8VM8UK4[EC
MX]&)37CXU4840#``,!_;B3Q)U.J^/,[.S.I9=^=GY,[<NR3RG(N2?U`:`#0`
M````!4QDZM$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A%F5\-OF3O'Q
M+WCZV%]5L/6NPRH[=[T1TCQ#."WQ"E[1*9WL5^T5X/\`ED_2.4-OLF_3X/%K
MWJ#T_C==QMLFAF0'@GV?NR[8G[.(Y@[QZ(];Y_HW/\RM[>E6D>;4_'EO@^D;
M(C@>$AX9:,1UN]>=AZ=VMIE!V!H%[#V/4]F@MGU-K#<[P(SR<(\>0$B,/#GP
M9(WAD1RM8:.<;AD:U[51.$9>)D8.1;BY51A?`L0?[:@\01H1J%]E=,ZE@]8P
M<;J73LB-N';%XR'V@CB""XD"Q!!!#A5IENKY,(F$3")A$PB81,(F$3")A$PB
M81,(F$3")A$PB81,(F$7_]3OXPB81,(F$3")A$PB81,(F$3")A$PB81,(F$3
M")A$PB81,(L=?E%\CM/^+W4UWV1M"LFV"(ZKT[6&':&9MFUR0D=75('+RX$,
M7MN/-D>+OIX@B/:UY/;&_+=%Z1D=:SJ\.G2'&<N48CB?;R`YDC@'(UGU;ZGP
MO2?1[^J9?BL^6JMV-EA'AB.P<Y'\,02Q+`\>':G:.Z=S[]LG978%L2XVC:)[
MYLXZJ1L:*)$0<*JK(Y"%^BJ*J(QD>*!'*@@C:WE5Y5>_X.%C].Q:</%KVT0#
M#M/:3VDG4GF5\3]7ZMG=<ZCE=4ZC<9Y=TG)Y#LC$:M&(81'(`*WN7:QJ81,(
MF$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(MD/\`'A\UIWQFWQFF;K82
M#=)[U8@'?A?YG;I=X?VHL;=*\7*O9%8QK1V@AHJFBM0B->4`V.U#U9Z<CUG%
M^HQH#^95#P_OQX[#W_LGD=-`2NH?TT]=V>E>HC!S[">@Y$AO''RIG06CNY6`
M<8ZL3$`]6<:3&FQH\R'(!+ARP"DQ948HSQI,8XVE!(CG$YXC`,)Z.8]JJUS5
M147C.'RB8DQD")`L0>2^OH3C9&,X2!@0X(U!!X$'F"O?/%4F$3")A$PB81,(
MF$3")A$PB81,(F$3")A$PB81,(F$7__5[^,(F$3")A$PB81,(F$3")A$PB81
M,(F$3")A$PB81,(F$4)/GPJN#-L[*7&@5U=$D3Y\Z88<:)"A1`OD2I<J05S!
M`C1@#<][W*C6M:JJO"95&,IRC"$29DL`.))X`*BRRNFN=MLQ&J()))8``.22
M>``U)7(#\Z/E79?*?N6?=P9$P/6NHNET'6M,=7C:RI0S$G;))BKXM%;[5(CL
M.7E/<%'8".Y7>PCE[YZ9Z'#HG3XUR`^LL:5A[^40>R/`=[GFOBS^H'J^WU=U
MRS(KE(=+I>%$3^R^LR/VK"`3S`$8Z[5A;FQ+14PB81,(F$3")A$PB81,(F$3
M")A$PB81,(F$3")A$PB81,(F$717_$Q\NR[C0/\`C-O]G[NR:A7%L.KK"61S
MI%SJ,7S)9ZL4Q7*IINJH]"PV\N<^M<YB-:.'R[DOKKH(Q[1UG%A^386L`Y2/
M"7LEP/[VO&2^F?Z.>LSG8Q]*]1M?*IB]!/&58^:M^9KXQ_<<:"&N[#.<KNZ8
M1,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81?__6[^,(F$3")A$PB81,
M(F$3")A$PB81,(F$3")A$PB81,(F$6G/^7+Y..T#KFM^/VJ6*!VOM*(MCN;H
M[W))J^N8\D@&PU>U6*)^X6T1\=>%<CH424-[?$S57H'H/HWU67/JM\/R*"T.
M^QN/]P%_:8D<%Q+^LWJL].Z95Z;P[6S,L;K6XQI!9O\`WD@1_#&8(\07-AG8
M%\N)A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$58=?;WL
MO6&[ZMV%I\]U;LVGW<"^IY:>:C27`,TOT\H8R"=(@31HX,D*N1IP$>-WZ7+E
MOE8M.;C7XF1%Z;(F)'<>SO'$'D=5?=-ZAE=)S\3J6%9MRZ+!.)[P>![0>$AS
M!(.A7:?T3W!KG??4ND]KZNY&UVVTXI<B"I$(>FN8[WP[VBE.1$YDTUO'-'<[
MA$(C$>WECFJOSMU/I]W2\[)P;_GKDS]HXQD.XAC]B^Z?3W6\7U%T;`ZQB'\J
MZ#D<XR&DX'OC($=[.-"KN98+,IA$PB81,(F$3")A$PB81,(F$3")A$PB81,(
MF$3"+__7[^,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(I=<6];K]1
M:7US,#74])73K>UL)"J@(-;6QBS)TPZM1SD#&BA>]RHBKXM7*ZZYVV0JKB]D
MB`!VDE@/>5%?=5C4W9%\Q&BN)E(G@(Q#DGN`#KBF^2/<]I\@>[>P.U[-3C%L
MUX9:.`=ZO6HU>O:RNUJJ1.?;8^'310H56(UI)"D)QY/7/HOI'3H=*Z;BX,&>
M$?$>V1UD?>26[F"^$_5'7+O4?7NI=8M<"VP[`?PUCPPC[H@/VESS5CLR2P"8
M1,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PBWA?PV]_NJ
M=KW+XYWLI?H-K!)WO1/=*Y6BV*HBA#M-.`:J[E]M01QS6HU&-8E89557$3.;
M?U!Z5YE&/U>J/BK.R?\`"3X3[I:?WAV+OG]$/49IS,[TQD3_`"[@;:OXX@"R
M(_B@!+NV2YE=#.<H7THF$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(O_
MT._C")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3"+6=_*SW.;J_XOV&J
M54M8VP=QW`-%$HGJV2+66!?:[A(9^MJ.C2JZ*.M,BH[EEE^'^9NY>A^G#-ZU
M"^<7JQX[_P"]PA\"=P_A7*_ZO]<ETGTG;ATS;)SIBH=NQMUA]AB!`]T_>N57
M.W+Y#3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3"*
MX_3_`&1;]/\`:.A=GT;B?<=(VBHOV!&]!_718<IBV561RHJ)'MZUQHI?\1F=
MEGGX=?4,+*PK?DL@8^PD:'W%B/8LIT7JEW1>K=.ZMC_[N/=&;=H!\4?9*+Q/
M<5V]ZY?U6UZ]1;3126S:39::KOZ>8Q.&2ZJX@@L:^2U/7AIXDECT_P""Y\WW
M53HMMHMBUD)&)'806(^*^]<7)IS,;'R\>>['MA&<3VQD!*)]X(4YR-3IA$PB
M81,(F$3")A$PB81,(F$3")A$PB81,(F$7__1[^,(F$3")A$PB81,(F$3")A$
MPB81,(F$3")A$PB81,(N8O\`F%[07;?D?1]=19*DKNI]*@1I,;S\F@V?=/:V
M2U*U.$:Q3Z^M.U4]5Y%ZK^2=F]`87D=(LRY#QWV$_P!V'A'^;?\`%?*7]:^K
M?6^I\?ID)/5AT`$=EEK3E\8>7\%J8S>EQQ,(F$3")A$PB81,(F$3")A$PB81
M,(F$3")A$PB81,(F$3")A$PB81,(F$767_%UVB[LGXBZ9`ER?J+?K*SN>MK%
MSE1'I&IR!M=<:@_%JM#'U:[A1VN]4<H'>O*.1.%^M<+Z/KV1*(:NZ(L'M.DO
M\P)]Z^Q?Z3=6/5/1F#7.3W8DY42]D6E#W"N48^XK8AFIKI:81,(F$3")A$PB
M81,(F$3")A$PB81,(F$3")A%_]+OXPB81,(F$3")A$PB81,(F$3")A$PB81,
M(F$3")A$PBXFOD]OA.S?D1W3O#C_`%`+WL?:GU9/+RXH8-K(J]=%Y<JC_IZ*
M%''RG"+X\HB)Z)]&]%Q1A])Z=C,QC3%_XB'E_F)7PAZLZ@>J^I>N]0,GC9E6
M;?X!(QA\("(5B<R:UY,(F$3")A$PBV/=,]1]<3_C5I_8-AUMT7M6W7_:G8.L
M6MQW=WW?=-Q04>OTND3*D&O!!VGH-9;2(\B[E.DJ,$HPVN'YIPK$74.H9^9#
MK&1BPS,F%$**Y`4T1M+R,P=WY4R.`;4#BRZ?T/HW2[/2V%U*SI?3[LVS,NKE
M+*RYXP$(1J,1`#(IC(@REN82(T?DJ;[3^*FAZYV'W+;3=[7I_I+4.R*7K_3[
M38:2^WBUOK[9=:;ML6+10Z=@IUAIT&EYG#N)+V/-52(A&,D',YB3X76\J[$Z
M?7'&^HZE929S$91@(QC+:3(G03)TVCA(2#@!6O5_2'3\;J77+I]0^BZ#3E1I
MKE.,[93G.'F`0$=95"/C%DN-9@0)2DR@-/\`@SLFP;UL_65QO4*NWNEW^/U]
M74^L:5NG8,.2^P!62J?>=FN==K4@Z-UM<1;<)0V4Y5DH)"O?$8P3W)5D>I::
ML:G,KQB<656\F4X0.C@PB)%YV`@@Q&G!I:A1X7H#*R>H9?2KNH1CU"O)%,8U
MU6W`N(F-LY0BU5$A($3GXF<F`$2I+4?#.ZM*_J.,3L76(>^=T7FW4FJ:0ZNN
M#N@LZ^[`O])WB]V381"^UU6OT<379-BPK$.>6,;A##Y,5V23]0UPGGGZ29Q<
M>,3*;C7S(1G",8\3(F0BV@'$E04^A[[:NC0/4ZH]0SK+(UU;9%O)NG5;.<_E
MC"`@9@AS(`@1<.O/L;IOJ/5OC!'[%T;<H'9EY(^09-&_>L6LVS5I,:@C]>FM
MST$O4[V3]`P9;0;)L>:P9"F`5K7$&YI8X_<3J&?=UHXF3CFFH8F_83&7B\QM
MPE'7AH1P!'`Z$T]3Z)T;$]*1ZGT_.CE7GJ7E>:(V5D0%.XP-<RWS-*,@"2"S
M@@Q$#I'Q+D[?4=>0I/9.O4':G<>L7&X=2]7RZ6[ER-HI*R5?P:Y;;:8H_LNL
M3]NGZQ,#4"*AV'<-/?)&\V<U9/78X]F7*.'.>%CS$+;`0-I(B2T3K(1$@9'1
MN0*HP/1L\VGIL)]4KKZOG52LQZ#&9-D(F8CNL'AK-AKD*P7!;Q&+A>_?G6G4
MG7O1/QGLM.E0+??.QM4MMWW"_<+=H]I/CEV/8*4$$,.SELU&#3T,FI6"B`B,
MGR)$=YW$>`@\\Z7F9^7U/K,,B)CBTS$(1\##PQ+N!N)D[ZG:`69P55ZBZ5T;
MIOI[TK;@SC/J&53*VR?YHD1OG$`"1\L1@8[-([R09$F)"O-/U3XY4^]?&_IB
MXZ#@F;W'U)\>9U_V;1]@]F1-]K-L[?UBA6RV>LJ[':;C0#I7W5HLI(#J=L<K
M$4+5$BM<W'0OZO9C=7ZC7U0_]O?>(UF%9@8U2DT21$3U`;=N<<=5G+,/TQ1U
M#TOT._T[$C.PL,SOA=>+HV9-<-UD8RLE2=LI;MGEL?E#<J7E_#=LJJJPS]MT
M31H6I=<]Z[]MV[/C[M:R;VIZB^0)^I+`MC6-G6D-+AR';]M#518@I$<0V&1T
MDCS+/'U!MG,QHMME9=3",/`!$VT>:&+`M^T9$D$EM`RM)^B-]-(LS,?'KIQ<
MNZRUK9&<<;,./+=%Y#=KX!7&((`$GD3)2:J^"^WWVCAVJEV:7,L]@T[:>RM$
MI2==;N"IV#0=;2ZEPY=WO;()]/T_:]JI*$\ZMJ9$DR/$\+#20E.)CI)^I<>K
M)-%E($(V1KF?,@\9R8$"#[YQB9",I`#5V!`)4%/]/\W(P(Y=&4976467U0\F
MT1G3#<096L:Z[+(P,X5F1<&(E*)D`J(V;XT:KI+'4NY]\Z5K78])6Z3?[UH=
MC0;*A-;I-Q^PR31JB^''=!W+<=5I=B#-L*>&QI%$,S(I9)!.;ES3UB_)_,Q^
MF63Q)&<83$H^(PW<8\80D8D1F>9&X`%6&5Z6P\`>1G>H:*NIUQJG;483\$;-
MA(C-FMLKC,2G7'5A(0,B"%=SN_XB]9Z3VCW46+VO%T7I3K7<M=T5EQ::WM&U
M7PMYVB!;6D/18=;&%%D7LBJIZ(\^=8(4<8<9S4%[Q4]K+#IO7LS)PNG"6";>
MHW5RFPE&,=D2`9DZ[7,A&,6=^+#59GK_`*,Z5@=7ZZ8=8&/T+%OA5NE"RR?F
MV"4A4(AC,QC`SG-Q$1X;CHK?;)\.IVB4.]7F_=I:?KC=4[$C]9T010;BT'O%
MYL&@5_8>BV53-&*+&JM;V>BMXIS3+!8[:Z*1Q"M<5&QWW5/J".5;C58N%9,S
MJ\R6H&P1F:Y@CG*,@0!%]QT&FHQN5Z)LZ?C]0OZCU:BH4Y(H@&E+S9SI%U4H
ME@(PLA*),I[=D2Y!+1-/_(SXLV'QXB0"6FV2;F>6^DZ]*AS.O=YU*#/+&C&D
M_N/1MDO*Q-:WW2)/LJP4^+*$=SG,58R#<C\FZ1UN'5I2V4",=HD"+(2(?\,X
MQ.Z$_P!T@C]Y]%;>IO25GIJ%9MS#.PV&!!IMK!8/OJG..RZHLPG&0/#P,76*
M&9Q:>F$3")A$PB81,(M[/\)V]**[[SZS.97).J]4WJJC\HB"6JES]?OS(G/D
MY3_>:UJ_DGM_\<YE_4;%>OIF8!PE*!]X$H_=)?0?]".H-?Z@Z5*7S0KMB/X2
M83/OW0^"Z`LY8OHU,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB__3[^,(
MF$3")A$PB81,(F$6/O8GRAZ5ZT?(B76WQK6YCJ]CZ#5V)?6C"CX\P2%BO2MK
MI#>4_1*D`=_AF5Q.B]1S&E7CF-9_%+PC[=3[@5@>H>INC=.,H798E</PP\4O
M86T!_B(6&.X?R*VI'E#H'7L"*)%<@;';["1.*5O*^+B4],^`R.[Q_))I4Y_/
M_'8<?TE``'*RR3V0#?:7^X+3\O\`J#:21@8$0.VPD_Y8LW^(K'6^^9GR%O7$
M1FZBHXY%5?I:&BI(31\M5O`YAX,NT:B(Y>/]0OKZ_BB<9>KT]TFIO^WW'ME(
MG['`^Q:]?ZPZ_>2V8(1[(QB/M(,OM5LYO?/=E@]Q)';78J*]'-<R-N%[!`YK
MU<KD6/!G1P<+Y*G]/HGI^"(F7D>E].@&&#3[X1/WA8Z?7.LV%Y=5R/=9(?8"
M`I.#MOM6*1#1NS>P8YFHJ-*#<]C"1J.14<B/'9-<B.1>%]?5,D.#@R#2PZB/
MX(_J4,>J]4B7CU+(![K)_K555?R/[WJ%8L3M;="^'/'W2Y/>(O+G/_6EU]P0
MGJ[_`#<^G"?@B)D$^D=,L^;!K]P;[F5U5ZAZY4VSJEQ_BD9?\SJ\6M_.[O>E
M<Q+:5K.W!140C;J@!",YG*<^V;6R4;&$\?1'.8]/S5%S'W>F.F6/Y<9UGND_
M_-N67Q_7'7*6\V5=H_>BQ_R;?N*RAT?^0O2K)PHN_:?<:N5R(UUG22!;#6(_
MGU*>,0=;910^/Y#9+=S_`(_BF%R?2F3!Y8N1&8[#X3^D'[%LN%Z^P[&CGXDZ
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M7ZU##71K0$Y*]`,4+D\43(K/36'*`KIR+JJSC^3(1,3NAXCJ90D029$R,3'<
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M-AAL),K+;"Q'".@BP`8#6?:;\L=OTW7M0A"TKK^ZW7K2@O-7ZL[5N8FRDWCK
M^AV$MQ)E0JQD'9X.K6Y*B7>RC5);*MF$JRG(H5]6HR/(Z'1D6WR.3;''NE&5
ME0,=DY19B7B9!Q$"0C(;@`ZN,'UCFX.-A5C!QK,_%KG7CY$A/S:83W$B+6"N
M6TSD:S.$C62=O)K.[KV=?;YKO66LV\2HC0.JM1E:7KQJV/-#+F5<O9[W:R2+
MHDJ?,#(GML=@,QKP#CC0+6(K%<CGNO\`&PJL6[,NKE(ROL$Y.S`B,8Z,!HT1
MQ?5]5A,_JN1U#&Z5BW0@*\.DU0,003$V3L>3D@G=,C01#-H^IOX#YE[5$9H]
ME%ZDZ.'O_7&B:?H.F=J2-:W"VW6D@Z)11:#6+R-%N]]LM%_<]9'AL,*6M*J"
ME)[HV,<C?'&'T]03DPEGY/TMULYSJW0$"9R,I!Q`3VEV(WZC0DK8X^N,R`P+
M8=&Z>.HXN/735D&%DK8"J`A7,"5TJO,B`")>5I+4`:*CXGRD[%BZ(/K]U?JL
MRL;U3V#U"2TG0[L][*U_LKM*'VYL%M*EIL`XI=D%LT)HHY_80#8;G-(`I50R
M3RZ)B2RCE;YB?GUVL"-HE76:H@#:^W:=0[OP(&BLH>K>IPZ>.FFNF57T=V-N
M(D9F%]XR)R)WMOWA@6;:X,2?$HR+\I-F9U_4Z9;:-U_LMSK6F3^N]4W^_B;-
M-V#7]-G_`'1$K64+-G#UY<6%.RW*RKL;"EE3JYJM41/,0'BIET2DY4\B&3;"
MN=@LE")B(RF&UW;?,`+#=&,Q&7,:EZH>K<H=.IP;NGXUM]5!IKNF)F<*CN\.
MSS!3(QW'RYSJE.&C%Q$Q\MU^3NP;UK%O76W7_6P=YVG7-;U#=.W8M3=$WW:]
M:U-E2RIARV6&P3M3J+&0VCB-GV%;60ITX<8;"$\?<0GN-T:K&NKG#*N.-"<I
MPJ)&R,I.Y#1$B/$=L92,8N2!P;S.]5Y/4,2ZJ[IV*,^ZJ%=N2(R\ZR%>W:"\
MS7&1V1WSA7&<Q$`EG>J[OYD[-N-UNMAV!U5U'NE+V+*U>_W+4IL+>ZNDMM^T
M^+9PZKL<!J/?*^ZIMKEQ+4L>>V#*CUTR&Y0K%:U>4@K]/TX]>-#%SKZ[*1*,
M)`P)$)D$UZP(,00#'<#('7<KR_UOEYU^?9U+I&%?1E&N=M9%L82NK$A&\&%P
ME&PB1C/9*,)1\.P*@>Q?DUV+VA37=+M,752!O.UHG;A3Q:4C'PK>MU")HM/K
M<"#)G2Z5NF4VLU\>-'A%BF)X!:UYGMY:MUB=&Q,*RNRF4WC0:M3Q!F9F1(`.
M\R))((XZ`+'=3]5=3ZM1?1EPI,;,P9#B/"4:Q5&`!)CY48`1$3$E@'D1HH_L
MSY,7/8>@EZVKNN^N.MM6LMPA[_L%;H$7;HT"TVR!!N*R)*K:78MOV.@TNJ%#
MNS\5]%$K8JD>JJU6(,8Z</H]>)E#,GEW77BLPB9F)(B2"03&,93+@>*9D?M)
MDZKZJOZETX]+JZ9BXN)*\73C2+`)6`2B#&,[)PJBTCX*HPB_)F`QJS,+5DPB
M81,(F$3")A%LP_B6V9U#\Q=?JFE4:;KHV]ZR]B/<U#MB58]R02M:YJ$1'ZDC
M^'(J<LYXY1%33O75/F^G[9M_MVPE\3L_U+JG]',LX_K;&I!;S\>VOVM'S?\`
M]-_<NJO.(+Z\7XJHB*JJB(B<JJ^B(B?BJK^2)A%C7V3\L^E>M22(,S8UV:\C
MN>,E'I[`W,D16+XO%+G?41Z:$03_`$>,DE#-]?T*J*F9C#Z%U',`E&G96><]
M/@.)^#=ZUSJ/JKHW3C*$\CS+Q^&OQ'WEQ$=X)?N6$.Z_R%[W9.(#1-1HM7BJ
MGBV;<E/L5KZ<\%$UB5=9&<[T_0\,A$_[2YLF-Z4QH,<J^4Y=@\(_23\0M+S/
M7V=8\<'$A5'MD\Y?Z0/@5C+L?R6[XVEQ/NG9^TA85'->"CF,UF.HW)XJ)P-<
M%5C>-6KPJ.1?)/QY]<S-/1^F4-LPH$_O#=_S.M;R/4?7,I_-ZG:`>43L'^3:
MK2V6PW]RKG6]Y<6KG\>;K*SFSE?P]Q4\EE'*KN".5WK_`)E5?QR^A557_MU1
MC[`!]RQ=F1?<_FWSE[23]Y4GR10J90+FXJEYJ[6RK5\G/Y@3I4-?-[48]W,<
MH_U.8U$5?Q5$XRB5=<_GK!]H!4E=UU7^U;*/L)'W*ZNO?(GO'6"#?4]H[@J!
M=Y#!:VI=AAM]>51(.P):0E8J^OBH_'E57CU7+*WI/3;@19A5^X;3\8L5E,?U
M!UK&(-74[M.4I;Q\);A]BR3TS^07LVG<,.Z:YKNY1&HB/D14+K-P]?P<YTB*
MR=4JGYHUL)GK^?\`AA\CTKAV.<>Z=<N_Q#[6/VK8L/U[U*H@9F/7=#M'@E\0
M\?\`*LUNM_F7TKV`Z-!EW)M'O#^+$KMN8*##(94:CFQ;X1#4SAJ1WB/WRQS$
M_(?Y9KF9Z>ZCB/*-8MK'.&I]\>/P!'>MRZ=ZOZ-GF,)7&FX\K-![I:Q]CD$]
MBRK$41Q#.`@S!,-A0F$]I!%$1J/&09&*K'C>Q45%15147E,PA!!((8A;0")`
M2B7!7IGB]3")A$PB81,(O__4[^,(F$3")A$PB818[]U?)GKCI0)(=K,6^VYP
MFDBZA3%&^Q1'M:X9;:2J/CTD5[7HY%-R8C%\A"(B+QENG=&R^HD2A';1SF>'
MN[3[-.TA:_UGU)T[HP,+9[\MM*X\?[QX1'MU/(%:GNV_E;VSVS]37RK;]KZL
M?S'^V-9(:%&D1W<I[=O8>?W&X\V<>;"/;&<Y/)H69O.!T/!P6G&O?>/Q2U/N
M'`??WKEO5?5'5>J[JY6^5BG\$-`1^\>,N\$MW!8TYF%KB81,(F$3")A$PB81
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M@7!X$:<0MC]5]3Q,KT1ZDR\/(C.J6%;%^S=`Q8CB#KP(!7'3GT`OB-,(F$3"
M)A$PB81,(F$55Z1KM;MFTU.OV^X:YH-;8$DI,V[;&WCZ"G%&A29GG-'K=-?W
M)"2W1TC@:&*1'2"C0CAC5Y609-TZ*++:\>=LQPC%MQU;3<8C3B7/`%G.BO,#
M&JS,NG&NS:L>J1+V6;]D6!.NR,Y:LP:)\1#L'(R.W+X_=?:!\C]WZ=V;L6Y;
MJVF5U?+AW%+JQ+O<=^MK#7=<LZW4M,UT9XT1U_L-G?(&)]7(``0!N>1SGH@B
M8C'ZKE972,;J%.)'S["009-"`$I`RG+4[8B+E@23H--1L^=Z<Z;T[U/G]$RN
MIS^CHB")1KW672,(2C75!P-\Y3:.X@``DDG0V\^1'3\3I+?XNIPK:WL(]GJ.
MJ[D.NVBF#KF[:HS;*MEL+4][U^/8VH*?;*<!6))$P[D<QXR<,\_!MWTG/EU'
M%E?*N(,;)0>)W0EM+;H28/$\BW:->*QOJ7HL.@]1AAUW3E&=-=NVR(A;7YD=
MPKM@)2$;(CY@_`@Z.PR8W?XJ=)C[=["^.W7O879K^YM.'LGV`>XZIK":-O%G
MJFORMGGZY$N:38'7%%9V53#+]`:1!)'+)8@2*)2,?F&QNN=1.!B=6R\2G^7V
M;=VR4M\!*6T2(E%I`$C<`7`U#LMJZAZ0Z#'K74O3/3>I9?\`/*!/9YM=?E6R
MK@;#`2C/="4H@["8D&0VEG!5E;#XJ=E3IE^?5M<-7ZWING]5;/NMYV#NG6&L
M0=<#VGJK]AU^PFV9-O;5,IKUT.1]"B%=+:BA#)&&65@79&'7,.,:A=<]UEEL
M8"$+)&7E2VR`&QWBXW:-Q,28AU@;/2'5+)Y,L3%,<6BC'LMG=;16(#(KWP)E
MYFW;-I;-=WRQD!,B)I.W^-/<E'I(M]GZO%6I=7:[=S*J#LNL6>Z4E!N)HL?4
M-@V/0:ZXE;GKU)M$F<$<&3,@A&=Y1HB_W1><]?6.GVY)Q87GS'D`3&0@90?=
M&,R!"1BQW`$LQ["UG=Z6ZYCX`ZC9B#R=L)&(G7*V,+&%<YTQD;81L)`A*4`"
M2.T/<[6?@_W5:;[U_INQ1==UV)MW86O]=[)<0MWZ[VB5UK<7*'G&K]WHJS=!
M2:#9Q4,&3)AT\\L&99R`I"C^4Q[0Y9W>I.G0Q<K(IE.<JZI61!A9$6`:/"1A
MXH[B`9Q!$0=Q\(=9;%]`]=MZCTW!R8550NR84SD+:;#1*3DBV$;7A9L$I1KF
M82L(\N+S.U2!/AWW1.V3;J"BK]7L0:UN\KKZNMI_8G6U##W/;!A!.AZUI9;'
M<DA[3M,NIEBD/KJT\P\5S_9+XFX8LO\`/^G1IHMME,&=8F0*[)&$>!E-H/&(
M((W2`!XC356W_HGKMF5FX^/75*-60:8R-U$!;9H1"K=:UEAB03"!D8OM+2T5
M.TGQ6[UV"@H-DK],"R#MNPRM1U*%8;1J-5L6T[77[0#4+77*/5;*^B[-,M:6
MV,Y\YGTC6PH82RC.9'&XF2V=;Z95;;3/(\5<-TB(R,8Q,=XE*0B8@$<-=21$
M.2RML?TCZ@R<;'RJ\$>7=::ZP;*XSLL%@KE"%<IB9E&1>8V^&(,Y-$.J'['Z
MBW/JS[$79VZU+K=FCS9&OWVG;KI^_:Y:_:S!BV\:+?Z5>7U7]=43#M#)`\K2
MB>J+X^+FN=<XF?CYOFBG>)P(W1G"<)!^#QF(EB-0698_J?1L[I'TYR_*E5:"
M83KMKNA+:0)`3JG.+Q):0=P>X@JV67JQ281,(F$3")A$PB81,(LS?X]+,E3\
MS>A)0O=1Q=JL*Q?9*X+_`&[K5[ZF+R]OJHE%/=YL_`C.6KZ+FO>JX"ST]U2)
M_8!^$HG]"WG^FMII]<^G9AW-THZ:?-7./Z=>T:+J1[I^1W7?2<1PKV:ZVV@P
M/>K]0J7C):G1S>1'GD7D%/!>JI_=.OF]O*B&56JF<4Z=TC+ZE)ZH[:'UF>'N
M[3W#WD+ZZZQZAZ?T:+7SWY)&E<?F/MY1'>?<"M1W<'RF[3[>)*A3+5VLZF97
ML'J>O&-%A%CJJHUEQ-16S;LCF<>:%<D=7IY,"/\`#-\P.B8.`(RC#?>/Q2U/
MN'"/NU[25RGJWJ?JG5C*$[?+Q3^"&@;]X\9=[Z=@"QNS+K74PB81,(F$3")A
M$PB817TZF^1?:73IPCUJ])-U]I%=(U*\4MAKYFO55)]/&<5AZHSW+Y*2(0#G
M.1//S;RU<;G=)PNH`FZIK?VAI+_C["ZS?2O4'4^D2`QK]U'.$M8>X<8^V)'>
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M,1&(`B!H!P"YI*4IRE.<B9DN2=23VDJ'SU4IA$PB81,(F$3")A$PB81,(O8T
MNQ)0;/K(;2R@TVY4QJ#9(<&62.*TJS.:3Z>4-/()_9,U"#5[7>V1$5/7/!&`
MMIN,`;*Y;HDC@>Y>6[K<7+PS;*-%\#"8!;=$]OL.H?@5KL[&ZON-`EH1ZNL*
M&4560+9C/%$<J*YL2<-JJD>6C$7C_(5$56KZ.:W;<3-KRHMPM'$?I'=]RY#U
MGH>1TFP$^/%D?#/]$NP_8>7,"V&7JP:81,(F$3")A$PB81,(LO\`:.]NJNQ.
M_NQ.RMZT3:'ZGO=%35M4:@NXT+?>NK^CIM4A5^YZV=7#IK.RC2=;(-8LE6")
M&F.5"#*QCTP%'3,[$Z7B8>-E0\^J1)W!X61)D3"7,`[N(U<<"%NF7Z@Z1U+U
M%U/JG4.GW?1Y%<8Q,)`74SA&L1M@?EE(&!&V3`QD=1(`JAOD3W)5=OW&ALHH
MNTOI^N>O:SKZOV+?[>->;]MH8-S>WCKC:)\,0XHGA-?.B1(K'R$BPXXV^\]>
M>+GI/3YX%>5YLH>9=:9F,!MA%Q&+1!U_"Y.CDG0*P]2];IZU?TX8\+O(Q<:-
M(G=(3NL`E.>ZPC30SVQB"=L0!N*R(W?Y5])D[=["^1/7O7O9K.YMQ'LGV`FX
M[7K"Z-H]GM>ORM8G['$IJ37VW%[9UM3,+]`&1.''%)>AB(51L9F)QNA]1&!B
M=)R\NG^7U[=VR,M\Q&6X1)E)H@D#<0'(T#.MFZAZOZ#+K74O4W3>FY?\\O$]
MGFV5^55*R!K,Q&,-TY1B3L!D`)'<78!4'V1\HZ+>-$[1U&)J]Q`D=@:W\5J.
M++/-AD!!)\?-.N=:N#2AB1'F%L,FS8:*C?436*C_`%XRZP^B6XV5A7ROB15/
M)D0QU\^8D&_A9CV\ECNJ>K<?/Z?U;"AB3C+)JZ?`$D,/HZI0D3V[S)X]C:JZ
MFQ_.^%.@2MKH*/8*SL^\I=#I;NG=3]81NO!KI\S49=C.2]K=1C]F[%6[(33Q
M.2HFSV@A$.J^_(:`#&V-/IB49QHMMA+"C*9!>SS/&)`!C/RXF.\^(1<MP#DK
M+Y7]0865SS,?'LAU:RNJ,H[:!3^6:S([XUB^<9^6/RY3:)/S2$8@6WM_D'TA
M5=FU'<>@=;;\7>)W?>I]Z;.'<=S#]HHTU[9Y&WV6AZDRA"&-=PK^YF.7[K<0
MWRX8(XF!"CGG(2\KZ5U*S#LZ?E9E7TPQ94QV0U.Z.T3ENU!B!\L"Q)))T`&+
MN]2=!IZK3UOIW2\@Y\NHUY=GFVC;#98;)4U[`!(3D?\`<LB91``C%S(F>I\D
M>A[B12Q-JTKM<M#UEW1MO<G5[*?8=5CVUHN]2=5NMCTS?#DK&1015V+5A/BV
MD!A)`8;W!4#GJA4B_E'4ZQ9*C)H\V['C58\9,-@D(SAJ[[9:QEH3J_)7'_JC
MT]?*B&9@9AQ\3.LR:-LZQ*7FFN4ZKCM8#?6#&R`)$28[2=52FV?*\6Z7O1^S
MV^OWD"WZY[4[:[-VI^K;$763SY/:G9HNP)(-,MX;33]=FU3%>$!WM+X$1CE:
M]B.:L]'0SCU=2IKMB:[J*JX[H[F\NO9XP=)`\2/:K/,]8#.R.@Y=V-9&[&S,
MB^SRYFLDY%_G$52#F!CJ`2^K:$:*G/DIWEH_<$+28FMZ]='O=</L<B^[+W&G
MT*CWC;(MW]H=5T%T'KJDIJJWC:L^O.X-A-61.DOF$7^PS^VLW1^FY.!+)E=;
M$53V[:X&9A$AWD/,)(,G#Q#1##CQ5MZHZ_@=:KP(8N-8<BHS,[[(TPML$MNV
M$A3&,9"O:6G)YRW'Y1HL4LSBT],(F$3")A$PB81,(F$67WQOTO:]1VK6^W0S
MBZ_8Z_(6TU1&@"68^4^,>.&S,&6(H0QAL.KPHYCG%7AW",X5^`ZODT7T78!C
MOA,-+L;LT^WL^[H'I'I.9BY>)UR4S5.L[JPP<EB!(OP&KCMX\..5=C8V%O.E
MVEK.EV=E/.25.L)\DTN;,DF<KRR)4J0\ACF(Y>7.<Y55<P<(0KC&%<1&`#`#
M0#V!;]999;.=MLS*R1<DER3VDGBH+*E0F$3")A$PB81,(F$3")A$PB]`F-',
M*1'*0!P$88!PO<(P3"<CQ%$5BM>,@WM16N145%3E,$`@@AP5Z"8D2B2)`Z%;
M/_C-\TB&+7:!W+8(YY7"A4>_2GHU7$<K1QX6VE<J-Y<JHUMBO'KQ]1^+SYI?
M6?3H`GE=/AIQE`??'_P_#L72O3?K$R->!UBS4Z1M/V"?_C_Q<Y+9VUS7-1S5
M1S7(CFN:J*US53E%14]%14S3%TKBOW")A$PB_];OXPB81,(F$6ICY??*HVPR
M;/JGK>R4>N1W%@[?L<(CFDOY(WN%*HJT[?%6T8'-\9!6+_K7<L:OL(JGWKH'
M1!4(9V9#\XZPB?P]DC^]V#EQX\.5^K/5!R)6=+Z=9_VXTLF/Q'G$']GM/XN'
MR\=<^;:N?*-K:Z=<6,"HJXIIUG:S8M=70H[?,\R=...-$B@9Z>9I$@K6-3\W
M*F4SG&N$[)R:$023V`:DJNNN=UE=543*R4@`!Q))8#WE?5K5V-)9V%-;PSUU
MK539-=8P)0U%)AS89GQY48XU]6%"8:M<G^*8A.%L(65R!A(.".8/!+:K*;+*
M;8&-L200>((T(/L4((1#E&$+%(4Q&"$QO]3R$<C&,;_Q<Y41,J)`!)X!4@&1
M$0-2I]9:ELM0^4RPI+`#H,25/G\`<9L"##V0VH29<]X/=9"C"V@"P/,JL:LE
M6,155[/**%]-FTPL!<@#O)CO8=OA\6G+V%3V8F349"RF0V@DZ<`)^626X#>-
MNO-AS"IW)5;IA$PB81,(F$3")A$PB@["OA6T*36V484R#,$X$F,=OF,HW_BB
MIZ*BHJ(K7(J.:Y$5%141<JA.5<HSA)I#@5'=35D53IN@)52#$'@0L!^U.LY>
M@V:&B^[)UNP*[[;,>J.)')PKW5TQ41.#B:BJQ_"(5B<I^I'(W:<+,CE08Z7#
MB/TC^VBY/UWHEG2;]T'EA3/A/9^Z>\<CS'>X%I\OE@$PB81,(F$3")A$PB81
M,(F$3")A$PB81,(F$3")A$PB81,(F$3")A%D[TIU*VQ6-N6S1D=`8[W:2K.-
M%;/>WA664ICO183'?\EBI_=<GDOZ$3W,+U'/V/CTGQ\SV=P[^WL]O#=_3/I_
MSMG4LV'Y/&$3^+]X_N]@Y\>#/E_F`71$PB81,(F$3")A$PB81,(F$3")A$PB
M81;(OAU\I'TTBLZC[%L2$II110=+V*:9%2E.]/"-KMB8GZUJI).&1"N<OTI%
M02_V5:H=0]0=%%@GGXD/S!K.(Y_O#O[1SX\>/0_2/J8TRKZ5U"S\DEJYD_*>
M4#^Z>$3R.G#AM=S1UU),(F$7_]?OXPB81,(L`OFM\AB:13KU9I\]0[9L<'W-
MCGQ2<&H-=EM<QL096+Y1[6[9RB?]0,7EZ>*E$_-I].=)&39];D0_(@?"#^*0
MY^P?:=.1"T3UEU\X5/\`+,2QLJR/C(XQ@>7=*7Q$=>8*T^YORY*F$5X.G9^M
MZ[:[!N>R3B1VZSKLYE%"KI%>V_F[)L*)KU=*IXD\HVG)KT>P/9.+PYH21!^2
M<O:BV'4(W70JQZ8OOF-Q+[1&/B()'[3"/>Y66Z1/'Q[;\S(L;RJSM`(W&<_`
M#$']@$S?D8CM5U]D%I_8`+^ZUBRHR7NZ]::TT=?M-WJM->Q-MTG;M?I-BDRY
M$Z?$K:ZPV#6:IMKY^\)9;)$GP1?`C4L:3D8AJKNA+RJ[I:Q$C$QG&1BS`DB,
MCMX%F#\0LKD#$SXY%V-9#S[L:&DY0C(65V0C,DD@`RA'?Q&YY-P*F["5T*ZF
MQ="L^KAV<#8NOV[5.L[+1G4<W5(>AZX":ZLFWCUK+&H!L<>Q=;L@N?(*5X%>
MQZHGC&1.5<3E0OV&$]H`FXD9R9Q'4';MVOH-5*]<+IQP;,;S(V5;R35M,!5`
M%C+0Q$Q/S-NI)BX*]MIV6G(WM./JUMJ)S[#U'O3YA!'U<[[6P%\J]@MWL29+
M\U-<$ZV(Z7&&Q_U)HC8Q0(YPXKF^44V#Z(WUV`0R(-\V@^FB.`Y>9H>0+@\9
M*K*R:3_-(XMM1E9B6OK`[C];.7$\9>3X@'W&.TQU$5A7FQ+34PB81,(F$3")
MA$PB81,(I/?T5;LM1-I;8"2(,X2B(WT1XW)^H1PO5%]N1'(B/8[\G(F256SI
MLC966D%;Y>+3FX]N-D1>J88_H([P=0M<NZ:G8:7L$VBGHKO9=[L.4C5:.=`*
MKOII8^?3];45KT15\"-<WE>,V['OADU1MC[QV'L7&^I=/NZ;EVXMO+4']J)X
M']?87')4KDZL$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$
M5W^G^NW;Q>_4V`W?MVG>,UBJ\M2:=>71ZP;D]?[RM\C*GJT2*G*.>U<Q_4,O
MZ:K;`_G2X=W?^KO6Q>G>CGJF5ONC_P!G7K+]X\H^_GW=A(6?0QL$Q@A,8,0V
M-&,8VHQ@V,1&L8QC41K6-:G"(GHB9JY))))U76`!$",0T0OO/%ZF$6;W8%'J
M!+CO6D%)ZBL(NHLW8NOZKIVG7&M;MKYJ;96UU:Z3?R]-UJGGLUT!.)XQV,]L
MH8W^TTRJTK=<Q+,CR^F6$9`E9LW2G,2A)XN?")R(W?A\,6T=N"W3/IQ#;UND
M2Q)1J\S;"NN4+([9L'D:X1.S\0$Y;@"SZ%4I,^/.N1KZBU5^V1AW/^XNFZ'>
MK'W#KJ]/9-V*Z;1W%C3:SK]_/V77GZ_-5$0-F%7'&[S(L8C5CK-'JUTJK;_(
M/E^3.<?#9%MHW`&4HB,MPYQ.G)QJK6?0,>-]&*<H"[ZBNJ3652)WRVR,80D9
MPVGE,:C4[3X53%7UQUE>P=8-5V>\CD[B_<J>I6<*A0,"WTZOCV*VUBP#7/D5
METRQCL2$-S#0U:1RR3_I;D\\O-JE<)PJ:O82V[43+,.\,=3H=/"%:U]/Z;=7
MC2JLOW7>9&+[6$JP#N/;&3@;1K'7Q2T5,.ZQ@)/V6']TE^-'UAU7OHG^R'R/
M,[!-U(*9`(G/#8U>G8YU$Y/U.^F9Y?U.R;ZV6RF6P>*ZV'NK\UC[_+'Q*MOY
M;#S,B'FGP8U-OM-OD./8/.+>P*N4Z3U&YOI])K=_>1F:QO>Q:ALEAL;]=@@F
MPZ#7]MV<UO5$D3JRLIW.@:9*#X3YB`0A!$><;/-K+;^8Y%=4;+JHDSJC.(CN
M+&4HQ8Z$G68/A#\0`2ROOY-B77V4X]\QY5\ZYF>P`B,+)[HN8B.E<@TI,Y!,
M@':"F=3:+"G2)\G8IW[?AZ)9;=/J]?V30MZO*^=5[/4T'V<E[JMK)ULPK,-H
M,XS*@2@\U1P'^WR6J.=DRB(BH>:;1$&49P!!B9/MD!+1F;4'MUTHGTK!A.4Y
M9$OIXT&PQC.JV0,9QCMW0D8>+<"#H1SB6UE]AU7K4+2I.S.F78)5-6Z=L%K%
MD6VHOG3*K:Y5*(L6+J@)CMGHRP0W@W`G3AI%L&M1XV,80:K5#.NED"G;$B1G
M$:38&+ZF3;9.VHCK'GP*CLZ7C0PI9)G,2A&N<@95N8S,0P@#OBVX-*0VSX@`
M$*LM[ZPTYFP[*.K^JI]0UWM+O^++BQH<$M\*HZZJ.O)/VFNGG,KY<8UE</CP
MDDN)]%'<Z0]I7N*QT&+FY'E4F;2OG10023M>PV!R.18.6XG30,5=YW3<09&2
M*WAB5Y64"`!NVU1J.T$\03)HN^T/(N7!HK_;O0A4,K>SSMN=JA-?I[RKI1+3
M-V)9$W;[K3I]5/M'A=7M&"51DD"F#AJA!/:Q0H]'^-Q]7E&V.,(U^?O()UVZ
M0$P0./`L0_>[*S_E^"*)9TIV_2FN,HQ\.]S9*LQ,F;0Q)$A'4:;7=6OWW6X^
MH[?>:]#EFG0Z^4SZ*5)"P$DT*5&!-AK*"(A1#E-C26M*C'*SS1?%>.,O<6XW
MT5VRBTB-1R<:%NY8S.QXXN7=CPF90B="="Q#A^]CKWJD<G5JF$3")A%N9^&'
MR#?V/K:]>;7-4N[:C!8Z#-DO\C[)K058`4DA'*KC6E.Y[`R%7]11.$7E[U,Y
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MDB2?;^@<`.0T4@R50)A%<OK_`%^BF5VZ;;LT27:4^DTT"8VDA2G0'W-Q=W4*
MDJHDRP&,I8-4!TDDB0\:(4B!:%CF.*A&6>5;;&>-13(1LLD0Y#L`"20.9T8<
MM7/!ED<"BB=>9E9,3*FF`.T%MTI2$8@GE$.26U+,&=Q%MIM1WF;&+K,21HHJ
M^GM;?>4LI,R[UNE@UKX[(]C12&I+V*0MF24R,D*0TKF3'CXD.&5WL4^9D8T9
M"Z0M)D!!F$B3REPCIQ<<GT<:UBG$SIQ.-`T",)2L<F4(@,QB=9EW`VE_$1XF
M/AG,?IH#XK[R9OE#!U(\G40TNP$J]B.^\;N1]T@P?HZJ/6/E!D5EEH=C'G,,
MX;!/CO\`:>;AGN1GJ!$O+CBS-X$WB\=-FPER[:B<2&XN'`Y31Z1$P-\\Z$<4
MFO;+;,[O,-@#1`<&)JF).S,6)T>)=T7(6P6NC[OK!GUUAO--M,UT;80UVN6N
M@ZK:[=<#>9:=\JV@$KJ:0P1XH'JXPU3P\%&]_G\S&S><:;$0,0\7D)R$!S8%
MR-">!X\6J/1)>8:XYM9,961F6FT)50E9+\+R#1(!`XC@S$P%IU%$B5,BRK-[
MI+DSM0_?E57"JK^%*L=8CSW55B<Q9<!D2NL8=A'D(V.\CO=%'<]'IYB:^J&?
M*5@A/%E$>9L)>)`DSC@7((;7D2W(M';TF,*C97G0F?*\V(VR!,`=IXA@00='
MU`=]0]R5Z+TIUL:'9[8E#*3LGOO4)=3&6WLH]?$ZNUZ#;UB0K!VLO)+2'(E(
MZ64J(^7$.%H1C.P_C9_S/)\L2A1NCY-$P=`YLD07&[1VT'(@N2&61_DF&;3"
MS*V2^HRJS$;B`*8"08[-6)\1/S1(8"0DK?CZ'VDVG+M07R"F=K[]NCUK-=V7
MZ63K;#/:V0S8G5:4*6IX;/K!PU-YOBN3]2&5`9=GJ=`R/(+-OVONC\W\+[F?
M1VX]VJL1T/*.)]5$DGR_,`V38P[=^W;N(\0B_P`O-_"H??\`H_9.OZ(UW8F(
M=*RZBZ[?@)1;!5!@6TV///';5V-O70X&R5[7U<@1),1[AM*QJM\A%&1WN+U*
MG*M%<`VZ)E'Q1+@-Q`),3J"Q^\$*G/Z+DX%!NL+[9B$AME%I$$C:9`"8T(,H
MEG;B"";*YD5ADPB81,(F$3")A%9KNK16[;JY9\,2.N]?&:=#5K>22H;6^<Z!
MRB*YZO$SW!-]54K$:G'FN9'IV3Y%PC(_EST/<>1_7W+6_4O2QU#!E;7'_NJ0
M9#M(_%'X:CO#<RL",VA<H3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$
M3")A$PBBH,*3938E?"$X\R=)!$BA9_461((T01ISZ<O(]$_PRF4HPC*<BT0'
M*DJJG=;735%[)2``[22P6R;2-4B:7K==0Q?![P#]V=):G'UEB9&NER554:Y6
MN(GB-%]6B:UOY9I^3?+(NG;+@>'<.7]NU=GZ9@5]-PJ<6#.`\CVR/$_H'<`.
M2JS(%D$PB_6M<YR-:BN<Y4:UK457.<J\(B(GJJJN$XJ_EUJ>^U-KO-[)WC59
M?8!Z_99?8NJQ)IG[1&B7XSNV\5@P]%'U27,`V859L:NFR),)S7+[8W#7QQ==
M^+.&-4,:8Q7B*Y$>%X_(WBW`:!C(`'M+K.W8N=5;FWRS:CGF,S;`'Q@2?S'\
M(@3J=PA(F.N@;20'W?M]@M4GD^ZQ/<NZ2[UNW#J==`E[+?ZX9&4-A)N8]("9
MO%A4F+X@=--.<Q7JU/ZE191C8!-\?"?"1(;B1&,OF`#M`'FPBH)9O5@,6P[A
MXXRA+8`9RA\I,A$&PQ/#<9-[U)X;>SZ6-6OBU6T0HNK1K#9(!7:_*0-5`V4`
MX4ZZ>4U>YK:ZS#6HQ#%50K[2^"HJ.R27T5AF\X&4R(GQ<3'4#CQ#\!KJH8CJ
M=,:S&JV,*@9CP'PB>AEPX%F<Z::*?BV3N>QUZ)11:ZZDTUG&H=<`:#H\!9]W
M&I$KM@UFG/L42@2[O6U<>HC'A!+*,H8HD0:('E%B-/3H6RL,XBR)E+698.\9
M':9-%W()`#DZZJ<9'6+,>-$:YFF0C`$5AY"+2A'>([I;1$&()+1&FB^M?;VS
M:S9,J@F337L_9-SVVTK114':,O-&UT]QL%E8135[(_!ZO8I4=L1'.225Y([P
M<O$TBTX-<8QMB!6(0B"^C3DT0"_;$%^08OQ;W'_FMLY2HF3?*RRR0;Q;JX&4
MR0S:QG(;>9>)CJ'^;]W<$JTBU$RLL'S;_2(C8%!K>KUL*&[2[<\;:D%6Z]K-
M1%KJZ.6<C9,GZ>.(B'\E*ODK^57\OC"5D9C;"PO*4B3O'AUE(DG30.3IP2_^
M;RMC3.N6^R@-&$`!Y<B)Z0A$`!]2P!=WU=2YNY=H[!1W-.`4FUJ(5!"J=E?#
MTZGD2&4=.Z)]J=LUQ%HULC.I6U`V1)4T[CQ!B5@B,8KVK7]/A56UV$B-AF3%
MYGYB[[09-J^H`8NY!48S.IY%%U,0951K$9M7$G;%MN^0B_AVC;*1>(#`@.I=
M,[6WR?<COY-V);,=Q>7RO#2T,6)(MMGJJFDV:9.JXM6&KL5V2LI(X[!APD'.
M5"/.U[S&<2J.#BPK-4:_!M$>,G:))B`27&TD[6.FC,`&CGU3.G<+Y7#S-\I?
M+$`RG&,9DQ$1$[Q$";@B6I+DDF67.^;5?-L!6-D+Z6RBUL&17P*NHJ*H4&GD
MFF5L&NJ:B!!K:B%%ER2%04001J0CW*BN<Y5KKQ:*MAA#Q1)+DDESH222221H
MY)45V=E7^8++!MD`"!&,8M$N`(Q`$0"26B`')/-2&WM[&]L)%K;2GS;"5[7U
M$E[!L<3V`#C"Y:%@QIX`"UOHB?A_CDM=<*H"%<6@%!;;9?9*VV3V'B?8&4MR
MM1IA$PB815;HFZ777FWT&Z:\;V;;7[`4X"*JH*2)$<*9`DHW]3HEC#(0!D3A
M5&1W"HOKD&5CUY>/;C6CP3#?J/M!U"NL',NZ?ET9F.6MKDX[^T'N(<'N*Z)M
M$W*H["T_7=THB*^KV.LCV,=KG-<6,1Z*.7`D*SEGU==,&2.9$Y1"C<B9R;*Q
M[,3(MQ[1XX2;]1]A&H7T#@YE6?B8^90?RK(@CN[0>\%P>\*K,@5TO__1[^,(
MF$6I7^0'M(EKM-)U16R?^[M7"&_V(8W^AM@LXSEK(QVHJ^M92G]UGX<_7+S_
M`$IF]^E<(0HLSICQS.V/\(X_$Z?W5RKUYU,VY5/2ZY?EU#=/^,C0'^&)?^\M
M=6;8N?IA$PBK'3-MFZK*LT%4UNQ55Y4FJ=AUVY%--66]4P\>S5#+6RX%C#D5
M\NN')!*CG$:.02.1W'DBV^11&^,'L,)QD\9!G!X<P07!8@@@NKO#RIXLK6JC
M95.&V<).THN)<B"""`00000[JJ']M3FR*V-#UC6X&H5M5<TJ:,!+LM).@[$^
M.:[-8SY5R?8Y-K/DP8IOJDFL>`L,'LH-@FLR'Z")$Y2NF<@R!WZ.#'@P`VL'
M(9M7+N2ZNCU6>ZN,,:N.)&$H^6-VTB;;G)D9F1(!W;M#&+,`R^;SL/8YE6"D
M9KE;1Z[]RU"PH*N-#N/9KQZ<W<B5L&OE3["1(F`LIG8%A+FO*XICRC(]CQMY
M8Y7B4QF;#<96M,2+C7?L<D`:,*X@<``.:\NZAD3J%(QXPQ]U9C$"3#R_,8`D
MDD$VRE)W))<$#1>8^W-D$;8SMA4:OV>WWNYGHL:?XAE=A:I?:?=#AHEDBCCQ
M:S83$BH]2.8=K'$<1B.8[TX%)%(W2\$8`<.%<HS#Z<S$/W.S<5X.JY`ED2V0
M>V=LCH>-L)5R;7@!,F/%BSN-#*&=AW3(\>,D6K]N-H<SKP:J"7YK2SK.?;%E
M/5)J(MHV18/:UZ(@D8C44:JBJLGTE;D[I.;19RX@`-PX:>WO47\PNVQCMBPH
M-7`_*9&3\?F<G7@W)5?_`+WW!K,]O8:YKLZ9)[`[!WXWK=1@>[VA3`H]QH1#
M!;H]E3+BPP.`]7.EQWA3Q,J.>CK?^6UB`KA=,1%4(<O_`"R\)<.()+\B_!7?
M\ZN-LK;,>N4S?;;^(#\Z.VR/S?*0`WX@W'4J3%[5L3:\VE?04+YP:4>MP]C*
MZ\/:0J,)T)%!'A'N2:ZVPAQ6I%#-^B^K%&1$:]"HTK9!@P%WF"V6W=N,?"Q/
M/5MS$ZD.Q/)M%">J6''\DT5[Q#8)^(R$7T`!EL<#PB6W<!S=BOC=NRK'<(LF
M//URAJI]M:BV*]M88[DEA;61!S",D!;<VUG%H8$M+-YR1JT<2,8CFN5GMC`,
M3&PX8YB872E&,=L068#3L`W$,SR<CVDD^9O4;,N,HSQX0G*6^4AN>1UU\4B(
M@NY$!$$MHPB!;#+U8U,(F$3")A$PB81,(M>/;FI-U#=+"+&%[=99(EM5M:G#
M!QY;W^]&9PGBUL26P@VMY54&C57\<VS`O^HQH2D?&-#[N?O"Y!ZAZ>.G]3NK
MA%J)^./L/$>XN!W,K8Y>K!IA$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3
M")A$PBR,^.VJ)97\W:)0D=%H1?3P5>G+76LUCFJ1O^5RQ(7ESS^#BL5/5,Q'
M5K]E4:8GQ2X^P?K/W%;EZ/P/.R[<ZR/@J#1_BE^H/\05FAFNKI*81,(IA4V!
M*FTK;40V%+66$.P&(G_+(2'(')8,G'KX/</A?^"Y3.`G"<"=""/BJZK#5;7:
M`YC('X%U>3<0]5V5MNN[BW21<?N5]U;Z[IL>IO8.RU=_?22RA"VBSGUB:TM9
M0&E.<XL*;,+/]IK?;![CG#Q^.<Z$,;&..([&$IO$Q,8Z>$`[GDW`@"+\2VN8
MS!TRRW-S1F&?F;I0K$9"<92+^,D;-L7XQE(R;A%W%T*[M#3*W>6[C*W)]M2;
M%VCUQMD34F5VS.-UQ3ZQML6[D+,9.KPU+Y&MT(B5%<.K-.]Z$9ZJH/03K*>%
MD3QOIXX^VR%%D3)X_F&46T8OXI>*6X18@<>*R=?4\.O-&7+,WTV9-,Q!I_DQ
MA8)%W&UX1>N`@9/$GY>"H?6.VF1X?7(+[9[N0ZGONSI^RMD&M)C21]JI:J'`
M>;E2)/\`K)`Y*/;^OQ\W*Y$1Z\W%V`\LLU41\4:Q'@/E))]C:*QQ^JB,.GQO
MR9DPG<9ON.DXQ`]KE_B>U?-SVN(]9N%?`V2Z8&PZCZ6TZDC#+9@`.SU"JZ]#
MLT(0^6CB`#.J;)?/AHS^3E:KD+^KVO!(GCSG3%Q?=,\.$S9M/?H8^SW)=U02
MJRZX9$VEB8]<1J!NKC5O'=K&>O`ZMQ5;N[:U29?0RQMKD4WUEAWS]9>2(NP#
M%"=V'T?H^F:Y:3W5<";;&&NY4A2&4`#R!>PAO!55BK;?07QJD#0),*&B\=?+
MNG.0#D#Y"&<@%V?BKW^:XL[X&.48/+)>1$]/-QJZX2.T&7^Y$DL"0SMP7Q7]
MGZD6O?"G7VNSYEMH_5$!LG;U[=!74<C1:RRK]@UZ?)Z]/3[![]I9FCSXZQG3
MZTJQV*;VSHUP4\*\3W1JF(QMM+0\IR)D&,@+'CH'B7VRU+../E?4\259A.^N
M4YT4![//`B:XD3B348R>1:0;=`L':7"=5'=FF.M)MJ^1JM?+@=I7^\/L+>J[
M<`>\A38>LQ84N@IM/WED.==D=42G$A[)-=&<V1ZRT]Z2CH[.G9&R-;3,31&#
M`U>$@R)$C.#@:C6L/I\ND5-3UG#\R=IE5&<<J5CRC>#($0`,8UV,9>&3QNDV
MOS:R?"V01ICG*P;`L*8A&B&WP&)KWN<T8V^3O%C$7A$Y7A$_'-B`8`.M.D09
M2(#`E>.>KQ,(F$3")A$PB81;0?X]^SR/_='4ME)5S!L=MNKL*Y?T-4@8>PP`
MJ[T\5>2/)&)J_BIW\>KES2_5>$/R,Z$=?EE]\3]X?V!=+]`]3/\`W/2K):?/
M#[IC[B!_$5L^S3%TI?_2[^,(H"ULX=+5V5Q8F2/7U,"99SSN_I!#@1R2I1E_
M#T&`3G?^;*H0E9.%<`\Y$`>TZ!46V0IJLNL+5PB23W`.?L7-QN^U3]XW#9MP
MLU<LW9+NQN#,<]7H!)LDA@Q!JY55`0P.:(:?@T;$1/1,Z_C41QL>G'A\L(@?
M`<??Q7SMFY4\W+R<NSY[)F7L<\/8!H.Y4MDRMDPB8157K_I3[DHG(P_V2`PC
MEXY96DV2D9-<+\'J?WU`U4:O*@<5%_3SD%O^YCOPW'X[9-^GWLKK'_VLQCXM
M@^&^+^_A[G53[Q.UN3K>M0]=L@R(=3;[%$B0U@K"L1P'U^KN;8VB.(4I95K8
M,D&<YSG,:][@A5!`:QL.-&X772N@TI1B27<.\M!W`,/M.I5SFSQY8^-#'L!A
M"<P`S%FAK+OD7/Q`T``K&%*]O8I<BYV6K?JED34@CB"V^LDJ\P[?72@,R'7V
MIIM,2JCAD&))>R.@!#()2-<5&/MY1>F(KI/GC=KM/9+F0Q?0-J^A;17<)MD3
ME=DQ^EELT\P'7=!M!)X[0Y)T8`AP[&F:0>LS"0X:CJHTF'I#)4(H(=9;'L-K
ME7,!):SHUW=5M?,F!I'&:&*0J!8X2.8!QGN4DUANB)2>1!L8ZD-$`LS`D!V<
ML^NI;A;TC&F80:(D*7#`2)F9!W$I`$B+M$EM-(DDO[6T*DC@L?L$/4Y=9X7S
M[D]C8P5FP;:*PGT,6E='M9LYM<Q[!OKTC&E!FE,0)SR1B5[/(2L)AYLIB?A9
M@6(/$RT`?]IP"&!`B2O;84QC9Y$*C5XMSD.)#@(M(EN&UB1(DB4I`.)I>CII
MUMLTQT/6&PI=UNDJUD)+K0RQ0OMXY>JGH@+.20Q)2D:8"@3B7+(\1D<-J,2B
MHV1A3'=/<(P`T+.[2W:<N!?@-1JI;Q3.W(F85;#.PR+AV9X;0[Z\0WS2)!TT
M7E61]:LI]_&##UF)#BCUF#$E*ZME1V05KK)UP>6VQMH<[Z6?9.86;:1)#YM<
MYHP@&HB-"GLS="%4C*9D=Q/$:N&9@0X'")#2U)+AUY7'&LLOC&%8@-@!T(9C
MN)>0+$L93B=T-!$,65M]CY6!IKR<?4OU7_4JOC[[D'LFQA@_4?\`4Y;4BCM%
MY^OTZ#\?T>.7E/S9#<-_^F+_`&N_>_-8W(^3$)^;RM>WYY@/_=9NYN3*E<F5
MLF$3")A$PB81,(F$6//R+UY+#58-^(?,B@GM8=Z(G*5]FK(Y/)43E?"<T'CS
MZ)Y._P`<RW2+=E\JB=)C[1_P=:AZQP_.P*LN(\=4]?X9:?\`-M^U84YL:YFF
M$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3"+8?T_K[=>T"B"X?MR;
M,/WN;RG#G&LT:8/FW\6O%`0(U3\45GKZYJ?4+?-RK2_ACH/=_P`778/3N(,/
MI.+%FG,;S[9:CX18>Y7-RR6;3")A%[1@$E2`10HBEDF$`2.7Q:I#/:-B*[\D
M\G)ZYY(B(,CP`7L8F4HQ'$EE=ROZ[';NV^TC5E\Z@K%VFMUM]?$DREF66MTL
MRS=*M92A.(,<4>*%9+44:OE31,"U!H1!V$LO8*(&<?-.TR<@,)$!@/>6[@7U
M9\M7T\6G+MC5/R([Q!@2YA$R>1UT8!^&L@!H[4?"^SUVNUUE.HXUP6RO+RO.
MZ1-M(AXT2K@:X<7VY\&:",*2]]P55?(#*9RUGZ.$<CKB7F3NG"-IB!$'@#J3
M+BX=M!P(5G#RJ\>NR=`F93D"YD"`!`Z,0'\1X@\M%/KG0HL&1:B'8N&.M#.9
M!9],23.NIB;K?ZK6QW-]T$2$0KJQKS/5Z#&%KG-1Y.!OBKRI2$"8:R9^0`V1
MD>\\=._L&JGNP8PE:!9I$%M',CYDH`<@.&NK`=IT/S:==,J"E?,NE2OKELFW
M<ED&,27&^VDKXB2*RO9;N?90+.RLAQXA"$B/5W*G9';PJ^PR_,`$:_&68/IJ
MYU+:$`.>/<2EO3Q429W?EQ?<6#AF#@;M1(D"))B?VA%>#=0U\]7&G1-AFG1U
MCL3I<M*@;8HZ*DH:"W:YD8M@&4FP?5W'TCXZ.?%<=?TR4$SWB>_46B9C*H#2
M+!_Q&4AV-M8._%N3EA3])1*N,X9$CXIN=NFV,8RX.^YY;6X/^)@Y\BZ1`"*F
MD%V4$>+L5Q"KJ<\N"L4:0Y$>FDS;6W*2;]-5`J67",.WW"\E&O@YP?[R!DR)
ML`I),(DECSU8#35VTX:<==%X<*`%,CD@1LF!$D-H1$F4M6B([F.IU&CC5>=C
MJL:L%L<8BSGR*VFJ[^&>=!)62FB+>0J0T,\-LF=7R(\UMLV2*3&DR1.&(?B]
M%>1C/87F9ID&8R,2Q<<"7?0Z,Q!`.ITT!7EF+&H9$3NW1A&0)#'YA%F<@@[G
M!!(8!CJ0*!RZ5BF$3")A$PB81,(F$5T>EMZ)UMVII&Y(9P8M3>Q&VSFK_51S
MU6NO!JGX.5U5+-X\^B.X7\LLNHXWUF#DX[>*42W\0UC]H"R?1LT].ZIA9CM&
M,QN_A.DO\I*Z+/-G_;;_`$^?]2?T?]O\?Z?^/X9R5?0+CM7_T^_C"+&?Y?;6
M[5.@-Y($GMR[\$+5(J<JGN-OI@HMD/E/7UI$E+Q^?'&9GH%'G]5Q@1X8$R/]
MT./\S+6_5F5]+T'-(/CL`@/[Q8_Y76AC.G+AR81,(F$7H,I0JYPB$$YPR"<X
M;W,5PC,<(HW*U451E&Y6N3\'-547TP0#Q"]!(X%EYX7BGD?6MAEP%M(U+9GK
M_:DG;+%#.\)(\+W%G20N:Q5/&@H)WOD9Y,#POFK<C-U49[#8!/L?MX?'EV\E
M-'&R)U^;&F1K8EV/`<3[!S/`<U(\D4*811$>+*EJ5L6-(DN!'-*,V.$AE#%C
M,4LB25!M<HXX!HKGO7AK6IRJHF>&48MN(#EO>JHQE-]L26#ENP<3[`D6+*G2
M!1(4:1,E'?X`C10DD2#/5%5&"")KR$>J)^"(JXE*,092($1S*1C*<A"$29'@
M!J5\O>>0JE(XQU$,(W$>YY%&$(QQHXU>Y7>`Q"8T;$_!K41J>B(F``-!I_9U
MX3*6I<LWZA^H+QSU>)A$PB81,(F$3")A%36XU"7VJ[#3^/F^?4S0@3CGB4@'
MDB.X_-62F,=_YLFQ[/*OJLY"0^'/[%9=1Q_J\#,QV<SKD![6T^UEK(S<UQ%,
M(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(IG25SKBYJ:EB\/M+.!7M
M<G^5TV4*,CO_`(*DYRBR?EUV6'A&)/P"GQJ3D9./CCC.<8_$@?I6T80QA&,(
MFHP0F,&-C?1K!C:C6-:G^#6HB)FE$DDD\5W.,1$",0T0&7WGB]3")A%^HJHJ
M*BJBHO**GHJ*GX*B_DJ813F;>RY5S97@49#EVJV3Y;0(U1>5U&D1K=@6/:J"
MCRVS#(UGJHF/X1RJU'9'&J,:X5'6,6;W'3X,/:IIWSE=9<-)R=V_>!$O<7/L
M7K6[-;5,9D2&ZO<`4LLX#9U+2VKXTPPXPC2(AK2OF&B$(R&+R43F<J-J_BB+
MGDZ:["92=V;0D.->+$/Q*]KR;:HB$#':"X>,9,=-1N!;@.'8H>1?W,L3PRK"
M1(81GMD4SD(4J?<IMPKBR'M4Y2.L[`QE>YRO<\B\JJ<(E0JKB7C``_\``#[@
M`J97W2!C*PD?\3+CQXDGWJ:$W;8RR1RGRX?N,6P5XVTM&.+,?:C$*Q)9P1US
M85L:8P#/-\D9G*YC7<^345(QC4@&(B6TYR<-P8NX;N92G,R#(2,P^OX8L=W%
MPS2=N8*^7;GL3RM*27%*X<@LD3"U%.4(??J!4)8H(Y(#HX*Q]-'%&6&QJ1/:
M$-/;_ML\??IZF81/#M/;N?CQ?5^+DZZKPYF02YF"7?Y8_L[6`9@-H`V_*P&F
M@4.;:KX\V!8/G(V55SPV=<X$2#&#"F1X]5$`2-%C1A11##&I(K&#1GM-:%$1
MOX\^BBH1E#;X9!CJ2XU/'CS/Q5)RKS.NPS\49.&`#$"(#`!N$8Z<-%ZRMJLI
ML:>&2R'YSH,.I\HD"!61HM1&LENB0(E;61(E?'25;L%(>1@VD\V.]50A.?(T
M0B8$$L"3J27)#.223H''_L"JEE63C8)`/*(CH``(@[F```#R8N`^G>53.3*V
M3")A$PB81,(F$3")A%M&_P!\+K[-]Z^X$^G_`/!%]QX]>?WQ^_?V#]SY\_Q^
MZ>O'X\?GFE_RVOS/+V:_S)O[FS>WP73/YU=Y/G>9X?Y*_P#[SS?*?XK_U._C
M"+7G_(G<+'Z\T.A1RHEIN,BU<B<IY-I*67%X7ABHK4=>HO"N3U1%X7CENU^D
MZWR\JW]FMOB0?]*T'^H%NWI^#0_S7&7^&)'^I:C,WQ<H3")A$PBO[\9^N-5[
M4[:I=1W&>2)3'AV4]T2/(6))NY,"/[P:>/*1%<!QV^17JWAZA"]K%:]6N3%]
M9R[\'`LOQXO8"`_$!^;?9[2L[Z<Z=B]4ZK3B9<VI()8%C(@?*#R?C[`6U5R_
MF3TQU]T_M6JAT%Y((-CJK"98:P:PE63Z=8,F,").#)GED3_H[?WBM8TI2N0D
M4BH[A4:EGZ?ZCE]0HO.4',)`"3`._$::.-.':%DO5_1\#I.5BC`.V-D23!R=
MK$`%RY:3GB3K$JT$$T>1MNB;@&ZIH5'0P=%6<AK:M#852ZE6546^"/79,QMG
M---FULB2)D<)!S'2DX7S>1K;^0(HR<<UR-LC-M"QW$F/B`8,"!J=&]BQ$)1E
ME8.6+H1IA&I_$'CY8B)>`ERY!(8$2W=I+?6OFZZ=&UZXN@5C'3[.DU:\I/)[
M'PH4"^2UL=J;[(9!@1ST$>!7/*C7%.XLXB(XB)RM&7NMKK)T!D#VDQ81_P`6
MZ78&B."]QST\QQ[KHQ\4HPE'L`EN,^9`,1&!/$O,\5,;*QUJ+4WYB5&G1]C3
M3IP*]66&F[*CI<C>M)$`@8FM:W5ZJ"X#2+;>V0?U$I8CW.<@D&%[J(0NE.H"
MRPT^8'TG'39/G*1DS[>P/VN0I++,:-5Y-5(R/)(&M<]3;6VD("`D(^8Q#G;V
M,"8RW9IA(=F=[].C(RJV$=1705UN8KI!J"2L"556U-]';GA-F1P>R&^ABM@D
M*-/<*7ZM6TU_4"4!^8?%%R=P_$'!!<.SN8$Q+'0#:J[AAF%LB:1X9;0-AUVE
MC&46DS@,+8B8)&I.]5;2LI:>ROKPX=(AT-'V/JH-4E#'0"N:^CD?NT@XELVO
M\;0#CUT$"3!W").4PE3CS;)X@M-ED*J@;#;*F1D/$Q/AU#Z<26V:,?8KJD4T
MV7WRC0*(9$!`^'<(G?I)M=0!N%GB<=NY6^'>59^O+H82ZO&O;;4XHK6,&!KE
M8>26JWY7QTCQ618HQV:4QD>J1FMD'$-KU1ZC1R71KF,NLD3-49EB\CQAVN='
M[=`=.:L!?5+I]P!J%\ZAN#0!.VW1@P\6T\M2`^K.I-3_`&+[!6>ZFL?:_P!K
M[7^Z/K'4G[D7:O/9/L'VQ9;?W0W^S]G]GZ+F#[GG[WZ?JTR6SS?-FV_?OCM9
M]NWP[G;P_MN_BX-^%0U>1Y%3^5Y7E3WOMW[_`![6?Q_]-MOA=WTWJHH1>O&2
MHDED>DES-H@6&QBA$D54"#K]L&D6!'UXY[B#.JZ4)-D);$""2(H'@%5D)P-Z
MJD,AEF,@3(1@1%]29#<^[0@GP[7(+N9@:JX@<`2A(1@9VQ,V>($9;6$29`QC
MX]Y`((85$Z%2K<+#6F:]:!K*W5HEW-LM4%,^@D4=]('%#KTXEBZMG5])4UM?
M[\U(WUGV\7MI*:YK2JU[V+)CPN-T#.<S6(R9WCKN#."23H[;N7)19=F.,>R-
M==0NE*#L8R+;"[$1B`Y;=L#/H^I"LOF06'3")A$PB81,(M7NR04K-BOJUJ(U
MM?=6D%&IPB-2)..!$3Q<Y.$0?Y*J?\<W6F6^JJ?;$'XA<-S:O(S,ND<(6RC\
M)$*2Y(K9,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB817*Z?B-F]DZH%R
M(J,FR)?KPGZH%?,GM7U1WJCHR<?^Y^.6?4);<.\]S?$@+->G:Q;UK`B>4B?\
M,3+]"V)9J2["F$3")A$PBRDN_B%VW0=7KVE.'1K`#5#OI^O!G27;'6T9`#DK
M/E`?!97>4:,Y2G"R2XHAI^"N1[&86KK^!;F_11,M^[:),-I/8-7[@6U6S7>D
M^JT=,_F<Q#8([C!SO$6=R&;0:D.X'O`M1J$&J73]JN)JZ^";"V72ZV)-V*);
MSH@XMI5[U*G10QZB'8$21)+3QWH]XO%K0JB.17<.OLB4_J**X[]IA,D1(!<&
M`!U([3SYK%XD*OH\JZ?EB<;*P#,2(:4;20T0=3M'+EQ576G65-)N%/\`=*W7
M:BPF:_402@G5C*QTT^I:Q<W=]$39]BK;<^M&D;`*3"8QA9)(AT\FB>-!/@AF
M6"MMDIV`2)T+MND!$[8D;O"0>`<<W=7=O3:97;O-C75(QB"XVN80E*0WS$MA
M,P8Z$F)X`AC()>@:[5Q;,L_8;8TFDUO2]DL@0J6'[)&[E`J9@ZR!*)=/0A*]
MUT'F2]B,*Q'J@VJUJ/ECE6SE`1JB!*<XAR?P$AR&YL=/M4$\#'JC8;,B9E"N
MN9`B/_,$3M!W<MPUX'73M\KKJY]+LB:X2[:<B:_V/>$E,KU:QK^O9_84%\1@
MG35<]ML[0O)"JK5`DKCP)[?]Q7FBRGSA6PWUAG_Z@K+\.6_WMR?3R[IAIR/I
MS<Y\NZ3M_P!(VAN/XO*X\MW`MK-G=2P36VTU==L9RMTC9;'7M@F6$"LJ1F;"
MJ=MM6S:MLO84B\/_`&;*"YDB0)&J01//Q4B"H^OD(43G2/S("40"3Q,0Q:+_
M`(P=`>8['E/2H&W*JKR"11883)`B[1LD\7DW_ER#$CB"[.TIF]>5<>JG6T?8
M#3W+.TZLJ:RKB5UU)-/VQ-O0D:?-IKJ=$&^I+J!$:V,DDLQL@*^`'*]C*XY<
MS.-9J;29))(#1V:@$`Z[N;,QU/.&?3ZHU3MC>9>*L1``D7GYFA,9$>'RSP<R
M<:1U`GJ=8T,(<B?-MY<BM+2=@N@-B.H+&:*XTZJIK$))[:39)\*$.2*\&]T4
MA_J@$&HR,5JM*Z+ZVV1$8U@3W0=]P#3)&CQ!/R\68\1V*?\`EM$!*R=I-9A:
MS;2=U<8G7;,@/N&A.X$,1P*E][US!A7[:0MK[-K=,N)5$&!6#'3-!6%L8,9D
MXTJ[/)KW6-G42!JCE)]*)&&<Y[2>+*ZLN4JO,$'A%A)SKJQT8:L"#R<N-&4=
M_3X0O%)M:V>XQ`CX6#@.\B0YB1S8,=0=))L6C5]/76YX5Q+G3*!^IK8CDU88
M,4H]LIWV3$A$'933*2L./VG>;6H=K_-/;5G@^2G)G9.L2K`C/<VKGPEM=!Q^
MSO?2'(PJZ:[90N,IU['>+#QQ?34\#IKQXZ,Q]1Z%7GCTD8%W+)?7NEVNZ`CO
MK(T:IBBIP[!+D54FQD6S".,>OUXI62&B]MI',$YGZGD$.5,&PFL>5&P0XDDO
MM`(#=LN#]_<?1@URC3&-Q-\Z96`,!$;=Y,23+F($NS.P;B1/*O0:1EAM(_K)
M%JS4XV\4MJ&="97C)=PNO>PKJFM*I06)Y!8L6TU`CG,,P:M\`N=Y>\\0HIY5
MFRD[1'S#`AB^AG`$'3B1+EW]CF>K`I%F4-YD*A9&0(;Q"JV4918DL)5G0@<!
MVD"7[!I%-33I3;>U/#^MO;FEJ$IZ99$,9:B%5G61,C$MY,X,>3+MA!:(;CG8
MQ'EX=P,9:ZLFRR,?+@"T02YUU)X:`<`[Z#EVD1WX5-,Y>;:1NG*,=L7'A$2Y
M&XEB9`,'/$ZZ`TW?:<E%6DM7622(DJ;4"U]WTGM+=0;&A'?S9?*2C,B2*($^
M"&4%JF1DB6K$)_;572U9'FSV;&D`=VO`B6T#AKN:1!TT'#56]^)Y%9M-CQ,H
M[-/F!CN)XZ&(,1(:ZR9]%1.7*LDPBNK^ZS?M'[/Y.\/]JOVIQ^7L_P"]_P"^
M?'_G_P!/U'ZOZ?Q_R_Y\L?('G^8W_G[O_@[%E/JC])Y3Z?2[/_N?,[>W_P!G
M-?_5[^,(M8/\D+W(WIMB.<C'.[">YB*OBYS$TA&.5O/"N8A'(B_BB.7_`!S<
M_2'_`/T/_=_ZUS7^H9+=(#Z?F_\`Z:U?9NBYHF$3")A%Z@.:,84B,8L>0`C"
MA.`CQ&"4;D<P@BC5KQD8Y.45%147/"`000X*]C*42)1)$AS"B;*TL[F8:QN+
M&=:V$A6J>=92Y$Z896M1K5-*E$*<BM:B(G+EX1,\A"%<1"N`C`<@&'P"JLML
MNF;+K)3L/$DDD^\ZJ[)NL03F4L.@E1Y,VPI](DRI\JSDQHD.QVX-A+<*3$-K
M[7OCB%'1K7!,J":SR<I5?XLL1FF/F2MB1$2F``-2(L..[C[1KW+*GIL9BF%$
M@9RA6222`#-SJ-O`-R.G>^E,Q>NY\XM>V)<TTH%K6NL:R5$!LLQTY169:F1!
MC5<373WY)L60![B<1/9:-/+W%\FHZ:67&(GNKD#$L0=H;1W<RVL?:[\E;1Z?
M9,U[+H&,HN"!,OXMI`B(&3@\?"S<^"]I76-Y!61'F3Z6-:1P[D=*=\B>2<8>
MANL_W&HR@KBUK%CLII+Q^Y('[R"X;RY6M7R.;5)C&$C`[-=&\;;>;\QRT7LN
MFWPW1G.`M`L.UR_Y3[^`;3:6<AVTU7Y'Z_.RP6ODV=+,LHQ)<2UUZ):R:^ZJ
MIP*6WM"!DK.I#13I7/J"#E+$^J&(R-"]XG%&_!RALWQA(0+$2(<$.!RD^KN'
M9QJ`6*1P)"SRY60-@)$H"1$HD1E+5XD%MI$MNX`L"0X*JZOT_:MEC:P?8=CF
MVVI6-[1ULAT21;O6)9W-+:6$`:S;.I;36%G&KZDX2/"68Z-X>TY6IPF6\\BB
MF5PJI$;Q$G5M0"`=`7`<@Z@/Q5W#$RLF.-+(R#+%E.(+&6DI1D1J8[20(D%C
M)N"MM1:A9;#6S[*`>"GT=SKNO1X!B2?N-M=[2VX?45]8`$4['D*VCD>;S/"%
MBHU%?R]J+>6Y$*IQA('6,I/R`BSDZ_O#@Y[ECJ,2S(KLLA*.DX0`U>4I[MHB
M`#^R>+`=NJJJ3U!LL0;I4J95Q*T46[E2+2<'8*V&!-?^UK8"\+*AB3I)7,N`
M.`H`E9)Y<T3GO:YB0C/ID=L8R,W`8;2?$[<)$<B[D-ST5U+I.1`;I3B*P)$R
M.X`;-K\8@GY@S`@\`Y#*3.T&6&/&L)=[KT*EL%AMJ+R42X;77#Y3YP7MA(.F
M)/&D"16F%*=(`!D<C41[D\F*Z3ZJ))A&J9L#N`SAFXZMJX(8EU"<&8C&R5]8
MIDVV1W-)WX>%]"").``>/$*;QNKI8FJW8+NJHYC]8V[8Q59&6<NR#^TK2ZHI
M$2P9#KCQ(A)%O02F-3WGO08_-6HCF(Z,YL3_`+5<I1WQB^@'B`DX<N=)#E^E
M2QZ9,#\^Z,)^59/;XB?!*42"P(#RC(<>`?L7Y+ZPL?K"!!-J8#Y%[?:]454Z
MPG3[&PL]>JZ2UF1!3(5`"#R4-_'8$LA(@R$<Y%\4:KL1S8;03&1:,9$@``"1
M(!8R?\)<!TETVS>0)PB3.4(Q))),(QD0XB!^(,3M!/L4EE:'81:^\F.M:,DK
M6ZRLM;RF8>>VV@1[6=4UH!N&:M%"D'!+N@-.T)R(!RJUZH[AJR#*A*=<=DML
MR0#HQ8$]K\`6<:J&6#9&N^?FPW5Q$I1<[@)&(')B09!V);FJ'RY5DF$3")A%
MK8[(1&[]N"-1$3]Q6B\(B(G+I9'.7T_-SE55_P`5S<,/_P"5Q_X!]RXOUG3J
MW4?_`.=/[RJ*RY6,3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$5XNA_
M_P#)5/\`^B6__P"&2<Q_4_\`Y.SVC[PMC]*__P"ZQOX9_P#*5GUFK+K"81,(
MF$3"++6^^9':6P=5OZOF1J)C)=.W7;3:!`EI=6-$D=D0L8HW2G0!RYT5JBD'
M:/\`N#>[Q8QZ^>8*KT_A59PS8F6DMPCHPEQ?@[`Z@=OP6U7^K^IY'2STR<8,
M8;)38[C%F;BSD:$MJ.0.JQ59/F#@2:QD@C8$R7"GR8J*GM&F5P;"/!D/3CE2
M1@VLAK?7\"NS-F,3(3(\0!`/<6?[A\%K`LF(2J$ORR02.\.`?<)'XJ?1-UVB
M"3WH]J1#-'4L`8T>'*-"?0P`5=-*K2RHQB5=A65\88@28ZBD#8Q.'^F1RQJ9
M!C#37M#[BY!;B"2Y!<=RGAFY,#NC:=WA8L"1M`C$AQX3$``$,1VJ6FOKB0R4
M,]A((R=`J:N6URMX/7T0(4:HBOX:G(H`*\#1_FB#3GG*Q56#$B(<$D>V3DGW
MN5%*^Z0D)6$B48Q/>(@"(]P`;V*=.W_;R-L&DN2D):-NA3I1(T$D\T?8R237
MD)+)\5T\-?9R)ABECC(T"F*\GAYN5RQ?2T#8U>D68.6\/REG9PP#\6#<%,<_
M+/F/<29;G+!R)ON#L[2))(=G)+.5!#V[9!3+&>VVD+*M[;[Y:O*T)AV5FH;:
M.21/`83X\MDB-?31%$1K@F%)(Q[7-<J96:*3&$=@:,=H[AIP[/E!!X@@$*@9
M>2)V6"T[ISW2YO+Q!R.!<2D"#H02"&0NW[(8K2K;'$X<REL`,BL!"!$EZZ*:
M&C+!BPQ`C04JQV)_98%C&-4KEXY7G/!CT@-L'`C75Q)MSOQ=@[]B'+R"0?-(
M8Q(9@`8/M8!@-KEF[2HQ^^;0\8@?711Q@);M##CTU)&@B9?Q60KE@X,>N%#:
M.QCB8A6HSQ<X;'\>;&N3SZ6ER=IW%M7+^$N-7?15G.R2!'>-HW:",0/$&EH`
MVH9].0/$*'?NFS%9+8:T<9TU9RED'C0C31_<XZ1+)L.P+&?.KAV,5/;D-CD$
MTS%5KT<BJB^C'I!BT&9NUM-0XX%CP=V5)S,DB0-KDOJP?4,6+.'&A8AQQ4ND
MWUQ,9.'*L)!F67V[ZYKU:J2?M`%C5ON\-3GZ,#E:S\.$RJ-5<=IC`#:[=S\?
MBHY7VS$Q*PD29^_:&'P"J&SWZZGU%-2B4,2)3ZXFMM(V/"-/)!?/L+"4$%J^
M&EI`A3"6#T+&$9`D1S_)%]TB+%#%KA998=92GNYL[`<'8D-H2'X=@5Q9G765
M4TAA"%>S@'9R3XFW`%]0"QU[2I>?=-FD*Y26CFO(.P'*+'C0HAK%UK6RZBQD
M6QXL8)K>=+K9YQ/D2G&.K3D_7R]RK6,>D?@[&U)9B"&[`"`6##0=BCEF9,M3
M;J7=@`^X&),B!XB02'+G4ZZE&;ILS'3'K:.*6;(D2R2)$:%)D@F2XPX<N972
MI$8LBIF2HH1L(:*X)'M$Q'.7P9XOIZ6B-F@#<V8:@$<QW%^)[4&9DC>?-U))
M<@$@D,2"0\20P)BQT'8%\7NRR+FNUJG:V0"JU:K/7UT4\M);D-/LI=O:3'/;
M'BC:^7-F*UK6C3P`(3'.>YJD<JI%<[K-#.<G)9N```Y\`/BYTX)?DRNKQJ=1
M55$@`E^),I'@.)/9H`!JSFFLF5LF$3"+_];OXPBUB_R0!*X'3LA&\A$7?@D?
MY-_260S3"";XJOFOFR,]>4143Q]>.4YW/T@0_4!S\'^O]:YM_4.)V](DV@-H
M^/E_J*U=9NBYFF$3")A$PB815]`['V&N(`D=E<KHX-:CC]R,5R>WJL:5%K/)
M$D-Y<X4M_NK_`)UXX\<M98=4P07U,O\`,Q/W:*^AU&^LQ,1'00'#]@$#GWZK
MSK]_M(%&/77U]3/JQ!:%HI3;,)7,;83[)6&/66E<63'(:R*A(Y%?&*B,5XW/
M&-[?9XL)6FW=(3]W8!S![./$:ZL2O*\^V%`QS7"58'/=VD\1(.-2X.AT<.`1
M[VO95_;W!;HX*L,HT;=HSQQX\E(_AOX[L=^]&FF'*A%6_D.#^OQ&[Q]%1O"^
M0PZJZQ6#+:\#_@;;R_=#JJWJ-]MQNE&(D18-`6_-W;N9_:+=B\E[`L4F$M&5
M%`.ZE%-(LKKZ286RM),JKLJN9)DDD6!@1B3F6I3G2*..P\CQ>]KO!J)[]+#:
M(>9+RQP#A@`01RY,`'=AH%Y]?9O-HJK\XES)B\B08DESH^XD[0'+$\%-D[9O
M6,9[=30#,V=K=DLE!W)2K-U:MLJFK>,4B[-#AQT@W$ECHT<08O\`<_0-G@/P
MC^AJYV39I#EPD03R<Z@:DDZ<>*E_FMX``JK?=`OXN,(F,>,F`:1T`$==`&#4
M95[-;4L(D*M,R-Y7^O;,.6QG,N-;:P*Z%5&CD5RC8P?WTSG(K'>3FL7E$146
MXG379(2F'\$HMR(DS_\`*%9U9-M,#"LM^9";\Q*&[:W^(_8JQINP*Z`MW[VH
M:Y'#8Z]>5@X-?`G.C2Y]W(IW$)9R9=V^T%"C1ZU5CCC2!CBF7S"-KGO<MO9B
MSEY;7S)$XER1H`_!@SZZN-1Q.@5W3GUP\Y\2L"5<@P!8F6WB3+<P`T`($3J`
M'*E;]]E&"&#*H=>F4T%T)U11217#JVF6&Z:14@*.Y'8/9.D6)BRFR#G9(*_R
M>B^+?&08L03*-LQ87>6CEVXZ-HP`8!E&<Z9`A*BLTQ;;$[FBS\/$^I),G)<\
M>2\W=@7IY89L]D&R,.@V'73+,%(;]9#V>TV"YLY$IT25%(L[[CLD@C'C<-J>
M+$5KD1R.?2U")C$D#?&6G(Q$0&<'1HC[5X<^^4HSL$9$5SAJ^HG*<B2Q&KS)
M#-RT[?8W8^PGL:^S>RN^IK-BN-GCHV,5!+97D&BKYK2-^H571DCZ\#P:BHK7
M*]5<O*(G@PZA"<'+&`C[@9$>_P`17IZCD2LKL(CNC9*8TYR$0>?!H!O>JBLM
MXH":SL4:-#9)V#;*;6Z:PL2UAXM@QM/.I+6?*G3W7TV`<DF;1B8U(T,"RVJI
MY"L*Q&DBAC6BZDF350E(@/IJ"``-H.@/,EN`<<+BS-H.-D1C![[80B3M(/A,
M9$D[B"YB!I$;OFDQ#&S^7ZQ*81,(F$6M?L8C";[N+F+RB;';C5>%3]8IIA$3
MU1%_2]BI_@N;AB!L7'_@'W+BW6"#U7J)'_6G]DBJ+RY6-3")A$PB81,(F$3"
M)A$PB81,(F$3")A$PB81,(F$5WNBBM'V;0M=SR8%P)BIQPCDIYQ?U<JG"*T2
MIZ<^JIEAU,/AV^T?>%L/I:0'6\0'F)C_`"2/Z%G]FJKK281,(F$3"++6^^&_
M:6O]5O[0F2:)[(E.W8K35Q'EK=5U$L=DLLDI'16P"2X,5RED`:3^V-CO%[WI
MX9@JO4&%;G#"B):RVB6C&7!N+L3H#V_%;5?Z0ZGC]+/4YR@PAOE!SN$6=^#.
M!J0^@YDZ*S?7NJP=LBRZR3XQY-CN'7>OQK-!>\:N#L5K8U\PH1*0;2*K48Y6
MJJ>7@B<I^.9#+OE1*,QK$5V2([=H!"Q'3\6&5&54M)2NJB#S&^1!2/IM%+UX
MFX@E6WV.N'?MGUYG0A6TR11V.C5HGPY+1%B0PV9>P(;G->.0Z(T)N%D<,\AR
M+8VC'(CYIVL=6#B9UYEMA['<<-4CAT3QSF1E+R(B3C3<3$UC0\`_FQY':TOF
MT4PK^NJ:PBPY[+@\>!?64JNISV,NAK)=8Z+4TEFIK*HF6#+&\&LB\9'X@L:]
M0L^J&TGF*.^F679"4HFL&48N6$B#J1H0&'ROKS\)9B5)7T^FR,+!<179(B))
MB"&C$ZQ)>6L@/#R\0=Q$SK6>M=8F[-KM3+E6TP:'ZAL+UCDCQ8\ZM['#K19E
M9"0!'2HAJL^PL&DA2N60+R<C`/8U'Q79E\:;9QC$%K1'FQKW,3R+[>#:'F5-
MC=.QIY./5.4B'H,N`!%VPD!M1MW@.^H?0$:R,77P+VLUHU3.:$\ZL@V3Q2(3
M!+$UV;V%NFJ3;VXEA,]#+22($#WGM8G]F4B(B-!Y/E.4:IW"R.@)''C(5PD(
M@=[R;O'>H!@1OKQC5-I2B#J.$#;9`RD?W2(OW2_=UA9V@UD:D+8,MN#EH'[/
M6N-8T"J>$^P<&)52*0%B6\#+-5)[[Y2,<(<E%CJ-6<R4JCE3-@ALTW;3I+BV
MI=F9]&XMJ_X53/!JC2;!;XC7O&L=0^D3$'<#MUW,P/A9O$O*HTFGL(>CB-/L
MVW&_29\&`HHT5E73R(ULZHA%FE,926$>;)X]_P`5C+"$BEY-R@\69-D)9)$8
M^74`3Q<N'+=C<N+G33BJ:<*FR&$#9+SKR0-!MB1+:'[03QX;1KKP7U:Z;K]+
M&)/D3;:=%@4?7TR>("0H4F1<=@ZN+:(\2&A&SD!54L1AV%E/:1QS-$Q!B0OF
MU#(MLEM$8@F5@'$Z5RVN>&I+,.0?4LO;<.BF)G*<Y1C"HEF!,K8;P!Q:,0[R
MU<L&#NIRG6%/%V*BUBQN+)\K:&6$VILJ^'$+&A5T:59Q8#;.`Z2XSK*>6K>D
MD*&%]N:YKE61RK4C^MLE5;="L;8,""2Y)`)8]@?0L=W<IOY;3#(HQK+I;K7,
M2`&`!D`X?B=NH<;./BX*6KHE.*Q;#;(LIHHNEZELEC)/8:_K$'[GMU+K]R&K
M;;7<AT&#&@`N2(TCO>D37Q_%@!M5Q!U_4V&&X@`FR41I*1:!D'8:EV[@'U)X
M&/Z&D6;-TB!37,DF,`]D8R;=(L`!(ZZF1#"(U(GL[JS7Z>XDT-E=VLB:%.TS
MK+@1(:1!1NL";$]Z-&4[WS"[$#6RL8J/"V(]['K[[>6I%'-MLK%L*XB/Y>A)
M?\S;\-NX=K\-%-/IE%-TJ++IF8\[4`,U._OUWB![-NA\7!0#>MZ@H1&C3)T@
MMM"KYU95LG4XK>&.QH8-K&8*%/\`M[]WD.GS'171ZSVI(V#:=PT]X85K^KL!
M(,0!$D$L6+2(XA]@8.\M.3Z$JC^75&(E&<B9Q!$7CN#Q$AH6\PN=K08@#<1J
M`K,9D%ATPB811WV\_L?4\C]OZ'[A_4OE['W+[5QQX\>Y]5^7_9]>?RRG>';F
M[?8_W*ORY;=W+:_N?;]Z_]?OXPBU_P#\AM*Z7UAIUZQODZGW9L(BIX\CCW--
M9.<155OEX_458FKPY/5R<HOXMVGTG9MS<BK]JM_@1^LK0_7].[IF)>!\ES>Z
M43^D!:@,WY<F3")A$PBJ34M0V7>[^!J^I5$F\OK-[V0J^*HF/)[0WF,4II!`
MQHL<`6*\A2O8,;457.1,AOR*<6J5]]@C5'B3_9S[`KC%Q,G.OKQL2HSOEP`_
MXZ`#F3H%/.Q>KMZZHN14.]T)J2?)C),AN4\6;"GQ%>H_?A3X!Y,.0C'IP]J/
M]P:JB/:U51,CQ,W&SJS;BV[H@L>((/>#JI^H=,S>EW"C.H,)D.-001V@@D'[
MQS4SBT6M"O=7T^9$-(-L,35"V&Q#FE236R]QKJVS@K5PA+]"^'3@N`ME!D,*
M:201486/Y-\*#;<:KLB,F$#)HMQ$"07/%RQ8C0:."I(T8POQL2<"38(/-]0;
M`)#:.#1$@X+DD%C'1I77=;[#:RH<2$ZO,ZQ@U4VO*PYR!FOMMA;J[($9XHI%
M).B6XY+3-X]OVH,@HWD&QKGUSS*81E*3AB0>YH[GX\"&;OD`6*CKZ=D6SA"&
MTF48D:G7=/8PTXB3OR:,B"0`3,975=M"B3[.9908-7744V\-)LH&PULHR0+W
M7]=-71*R93!GEF'G[/#>![F,C/CE5SRC>,HAT1S82E&$8$S,@-#$\8RDY(+,
MT2_-^1!!,DNF6PA9;.R,:HP,G(F#I*$&$3%W)G%N3%R000/V7UI/J7RA3I$0
M\@%'=6BQW+9UR.#6UGW`=I52SU)8FP5)F+_8/&>H)#F_\Q@WC*]',C/;M!`,
M@.1XEF(=XGM!U'8[@)]-LJW"<@9"$I-XAP#[HDQ:<3R(T/:`03-M>ZH29?NK
M;.]JG,I]GK-8VJ!&?:1K"NGV3K03FQWR*GZ>8"O/5%%)*-7(TK>&(1CF$?1;
MG;:M\*I/*!E$Z$$!NPZ.^@^+:A2X_2M]YKLOAX+!"8&X$$[N#Q8@&)!(Y\'#
M$R->OP,UBWV5VPUYHT:E@6U0@`6C%L2&V1^N3X;QGK6OCDB'"KFN>K&$842H
M[GW6BD^J)NKI\HB1D0>&GAW`\>?Z#W/!]!$8UV3]1$Q$!*.DM?'L(X:,?<7'
M>!)H6ES)L"%)2?!#.MJFWO:>H(.P=+LJJC?:AG'$8,(D$9B'I);(X7%0A71W
MHJ,5P?>DED1C*0VG;&0B3HP)9N;\PYY/[6BAASG7"7F1$YPE*,=7,8[G+LW&
M,@`[ECPT>;P^K=CFRY\41(9&0911MD1AVDYME!#4+>/N:F/"K3S9=:Z!(A*U
M7"&5SK**G@B/(HHY9M48QD07(X:!B[,7+`N_=X9:Z!Y8=,R)SLB"&B>(W%QM
MW;H@`DAC'D#XXZ:EO&]ZYLM=K)]M9V,``(QZ2/#BD!;@L[(E[7R;(""@R:P*
MPT@AAE')^I<%6&9XC0K7->OM67"Z<:X0))!<Z,-I;B#J[AF?3BR\OZ?9CUSM
MLLB(@Q`#2!.X$C0C1F(+LQX.&*MYEVL>F$3")A$PB_6M<YR-:BN<Y4:UK457
M.<J\(B(GJJJN$XK7EW/H&\]9=F[AJ/8NO3M9VJ%=3I,VNG(UWF*PD%F19T*4
M-YH]A73@%0@9`B$$5B\HY?7-LZ=E8V9A8]^):)T&(`([M"".1','4+CG7NG]
M0Z9U?/Q.IXTJLP62)B?WB2"#J#$@N""01S5K\O5ATPB81,(F$3")A$PB81,(
MF$3")A$PB81,(F$3")A%FY\0OBUV=W`?:.UJ:(M1U_U32[!>6FQSXY7`O+>K
MHIDT6H:\)/'[C;2A*U9#VK[<(+T>1?<>`1=;Z_UO"Z>*<&R6[*OE&(B/P@R`
MWR[`.7:>&@)'0?0OI/JO6;[^L40V=-PX3E*9&DY"!/EP[9$<3P@"YU,0<@,Q
M2WI,(F$3")A%E)=_+WMN_P"KUZMG$HT@&JAT,_80P9+=CLJ,8!QE@2COG/KO
M*3&:HCF9&:4HU_%'*][\+5T#`JS?K8B6_=N$7&T'M&C]X#Z+9KO5G5;^F?RR
M9AL,=IFQWF+,Q+MJ-"6<CWDXW5US;5#FOJ[&7`>V97V+713O"J3JHSI%;+16
M*G$B"=ZO$[\6.7E,R\ZX6?/`'0C7L/$>_FM=KNMI+U6&)<'3MCJ#[0>"]8-_
M<5HP`ASS#C1BSS#AO\)$%7V@84:S0T&0PL.2*PCUL=AV$8]A6A8CD5&IB55<
MR3*(<MKST=M>.CENQU["^ZL1C"P[03IQ'B`!T.A<`.#Q8*.;N.SM6:J7,M7S
MWO>8KE&\PGEB)7F=`.\;C5:FK6I%?],X/G%:@7<B1&)1]/2=OY8T_6^O;KKJ
M^NO%2?5Y(W_G%Y?'@VA_#IX2S>'3AHH6/LVP1939L:YL02V,I1LDBE%89H]<
M2$E"Q'HY'(VH2N!].G_2]EGCQXIE1IJE'::P8Z\OVGW?%R_:ZICDY$9"<;I"
M?AU?]AMO^%@W8P3]RWR$<45G)C*M;94R#AN;"CBI[B1/EV=3'BQ&AC1JR9(L
MY#G1QL:'DKN&HBX\FIF,`=0===0P!<ZN&&O'1/J;W<6D>$QTT&V1),0!H`3(
MZ#35?+=BNFU*TC;`S:QPECNCM0:/=#=-;9NKEDHSZM:M;-B2EB^?T_U2(;P]
MS]6/*KW^9L\?Z69^QVT?BVCLO/J+A5Y(L/ELS=S[F?CMW>+:[/JSJ<NWN];K
MU/K<4_TD&HC7$<;AM&0SOODLLBP+',43S5I9<<B1SNCN&L@#$817-_3D?TM7
MFV72#RD1]@T]K<0_`ZA3?77_`$]6/&30@)#_`!%RW8XT+,XT.BD\?9+N-)?+
M98%(8L"%5F26P,X)ZZLCQ(M;#/%FCD1CQZ\$`"`:]CD$H6*SA6-5)#360(F&
MCDZ::EW+C75R_:Y4,<BZ,C,6$DQ$==7```!!<$``-V,&X*M=>[.L-?`8[(\N
M5?*6]DBN"VKGM=-V"(6)-L)@)<*;.66]AE4OTDN$*9X#;*&=K7(^VNPHVD`D
M"KPZ-RB7`#$!NQP2-=I'*\Q^I641,A$F]Y'=NYS#$D$$OKKME$2TW"0&M'1M
MHOHACG%9&>21!KZTRRF`FM=#J018U2-!S!'&Q]4"$%L4C40D=!M]MS53+@TU
M2`!AH"3IIJ7?AVN7[>:M(Y-\29"PN8@:L=(@"/%_E`&T\0VB^IVV;+937V4Z
MZL),\@;8!99#N]\H[X4H-ZI2-\5*2Z;..LM[N7R7F(\BN<]RJC13"(A&L".F
MG\+;?@P;L8,O9Y639,V3ND9M(.^OB<2_Q.=W:Y)U)7I'W'9HH&1A7$KV@L"R
M)[R"D$KECQF0PEJ3R!E/4261!,%[T5P2J-C6JY4:B)X<>F1W&L/S[^>O;KJQ
M=(Y>3&(B+2PX<V8-X7^4MHX8LJ:R96Z81,(LE_V0_P#8?N>VOUW_`(:/WOX?
MW>/#_P`2/TWN?U<<?M[^Y_3X<_E_GS#_`%(^J9_#]9L_^W_\2V/Z(_0NWC_E
MOF?_`';?\FO]G7__T._C"+'OY4ZF[<>A.PZ\(?=F5M2S987BU7E876I0+J1[
M+4]7%/70SA1$155"*B>O&97HE_T_5,29/A,MI_O!OO(*P'J?%^KZ%U"L!YQA
MO']PB1^(!'O6@3.I+A*81,(F$5W^C>VIG2O8-?N\6J#=A%$FUEE5E/\`2/EU
MT]C$,V-,]F1])*$43'L?[;T7Q5JIPY<L.I8$>HXL\:4S$N"#Q8CM',++=$ZK
M/HV?7FQJ$P`08NS@]AU8\#P[E7'R6^0Q._KV@D1M?_;U'J\2?'JXQY3)MC)/
M:DB$L)<TX@@$-KVP`L&%J/0?@YWFJOX;;='Z2.EU6@V[[9D.68:.P'Q.OZE>
M^H^OGKM]$HT>734"(@ER3)G).G8&'+MU5HF;;=4Y:LDBLK_O]1`KEH]@F`F?
M>JV"Z&*71'C^$T5=))"A2!O@GD1C&CC]KVWM004'?FBNP3`F?*D2\0S$NTN3
MZGB`0#J_$OB1E74FHRKCY\(C;(@[@&>)&K%@1M)!(#,=`T+#W'9ZBII*N*=8
ML.LO1[94D?%8XCY\5Q8L8B$.Q[)=?$D-D^`E1PD*8_**KWIGLL>FRRR<@\C'
M:=>1U]Q.FO%@.Q4PR\FJJFN,FA&>^.G,:#CQ`+Z<',NTKSD;=+?$L*Z!64U-
M76=6ZIE0JR+(\7QWWM1L)"NEV$N?9&DOGT<9$<0[T8$?@Q&M5<]%$=T)RG*4
MQ)P2?W3'@`!P)X#CJO)9<S"RN%<(5RCM(`/#=&?$DEWB.).@8*9$[%NOH9U?
M$AU%9&M$FOM1P(TE@9TJP@2JZ5,9#/-D0*DCP3C+[=>*)'\B)_;\1B:.@8E>
MZ,I2D3%F?D`7`=G/`?,2>_4O(>H7;)UPA",9/N8'4D$$L21'0G2(B.[0-7=K
MV**IK"S:2KD@N]MO:C<"7%O2B`2<*F+LU>:4^8EY8AMI$JZEG84L2)517ECE
M<Z.KG#;&MH8ALF(V3!KKB8,#P?:69@S`!@3(L1KQ>^MZ@*JC.FHBZV<;-THL
MXCO!+[CN)D2YC&$7!\+D;;8BW&U'0EUQXX1ZPE8^K:PH2H4(WW;-@;($8!PN
M62*P:OCY^8_!RM5B^BI>''@;1<Y$W?[-OP98T9=HH..0#7M;V>+<^AXO[NY?
M,3;;")7AA,BUY3PZZTIZVU,*0MC6U-U]?]SKXJ,E#KR"D_=9?#SQS&$LEZC>
MQ48K/941E,RW%B02.1(9CP?1AP(&FO-(9=D*Q`1B9",HB6KB,G<#5M=TN()#
MEB-&CW[OL8_LL:<P!XU/1FIF5\R,40+2HM8S&JMHT)8TB20]0D4`9+'C,R+#
MB^T]JA&]*!C4GS#%WE)W'(CL[-7)'!S)QJ0JSFY`\F,P#&$-K$:2C(?BX$O'
M:`7!$8Q8Z`J%E7EU?5\ZMC5T,%5%=!N3PJF`H@5P*B%]E`=7J\QU"T<W^\4S
MR%,<GN$>Y[E<M4:JZIQG*9,RX<GBY?\`1H!H!H`RHE==?7.N-8%0:1$1H!$;
M0>WGJ2Y)+DDE4CDZM4PB81,(F$5U^B]3=O'<'76L^S[X)^TUIYX?%7>=35%^
M\7**B?DE5`,JK^")ZKZ98]3O^FZ?EW.Q$"WM.@^TA93HF+];U?I^,SQE:"?X
M8^*7^4%;;?EM\.>MOEGJ+*_8QMH-\I(IAZ7V%!C(6THW$(T[Z^PCH6.V[UZ4
M5J^Y%*Y%&KW$`\1%5RZ)T'U!F="OWTG?BR/CK)T/>.R0[1["X73O67HCI?K'
M"%>4/+ZA6#Y5P#RAS8C3?`\XG@Y,2#JN4SOKX]]H?&_=Y.B]GT+ZV9R<U+=1
M/=DZYM58$OM-M]<M'A`V="?RWR8Y@Y,=SD8<0B?ISN'2^JX75\89.%:\>8.D
MHGLD.1^P\B0OD#U#Z;ZMZ7SY]/ZMC[)Z[9#6%D1^*$F#CNTD.$@#HK)9DE@4
MPB81,(JVUGKK<=M\7TU)*)$<J?\`>,I$A5R)RB*K9<E1C.K>?5HO<?Q^66UV
M7CT?[E@W=@U/P_6LGA='ZCU!CC8TC7^T=(_$\?<Y[E?.D^-!G(PFQ[(P:^GN
M1*:*I?\`XL^;[:(J?^CJG_',99U@:BFGWD_H'ZUM.+Z*D0)9F:!W0#_YI-_R
MJZ%=T/UQ`:WWJN9:/:BI[MC9R_)57\W#@O@QW+Q_[SC_`(<Y93ZIF2X3$1W`
M?I=9RGTKT:H#=1*P]LI'_3M'V*KH_6^@Q?\`EZ?KKO14_P!151)?HJHY?66,
MR\\IZ+^*)Z?AD!S,J7'(G\2/N60AT;I,/EZ=3[X@_>"HK]AZ-_ZF:G_^W:?_
M`.IY3]5D_P#U%G^(_K4G\JZ7_P#MN/\`_P!.'ZE`2NLNOIB.0NH43$=^/TL$
M4%4]/']*PDCJST_PX]?7\<KCFY<>&1+WE_O4-G1.D6.)=.J]T1'_`)65&V?Q
M_P"O)Z.^EC6=.]?P=7V12M1W^*LM&V*>*K^*)QZ?AQEQ#JN7'YC&7M'ZF6.O
M])='M_VX3K/[LB?^;<K57WQKM@(XNN7T2P:G*I$M`O@'1/R8R2!90#/7_%S0
MIE]5UBLZ75$=XU_5^E8'*]%Y$7EAY<9CLD-I^(<'X!6+V'3-HU0GA?TDVO8K
MO!DEXT-!*[\?$,^.XL,KN/R:]53\TS)59%%X_*L![N?PXK5LSIN=@%LO&E`=
MO&)]D@X/Q5,9.K%,(F$3"+9U\(/XYMR^1LJM[`[)#:Z3TD,C9`9?A]%L?8#6
M<JD751R1/^EI'.X0UH\;A.3D<9"$\W@TSU)ZNQ^D1GBX9C9U+LXQAWR[3V1]
MY8,_5_07],L[U/.KJ75(SHZ""X/"=W=6XTCVV$-RBY<QZ<]9T+3M,TZ!U_JF
MN5>OZ95U3J6!KU7&9&KX]<0;QG%[;>7&+*]U[S%(KRG*]Q".<]SG+QF[*R,C
M(GE7W2GD2DYD>+_\.0X`:#1?5N)T_"P,*KIV%C0JPH0VQA$,`.?M)XDER222
M222N=+<M;EZ=MNS:G.1R2];OK:D.KTX4CZR<>'[S>/TN&=HD>UR?I<UR*G**
MF=:Q[HY%%-\?EG$'XAU\_9F/+$R\G%G\U=DH_`D?:J;R96Z81,(F$68VP?"W
ML77>IB]G2;:G+)@TB;+;ZD,4M+"OI$BLFR2_7.;],:PKHCG$D@\6,8T;_$CW
M(B+K]7J+$MSAA1KDQEM$M&)=N'%B>!^P+;LCT=U#'Z4>I2M@91AOE#5Q%G.O
M!P-2.XL2K%:>RN!I6VVLHE5$F1]HT>OC6%EKE?LJBC6%3O\`)F0P1;"),''2
M66K`]Q&M1W]A$YX7C,GD&9R*(1$C$PF2!(QX&#%P1P<_%83$%8PLNV1B)BVL
M`F`GH8VD@`@L^T%^Y>$75H5SKVR;@2<;PI9<\1HL.LC5X[=YW0Q54JEC@$*/
M%B0SS$?9B]IJ0@.!XJYTEJ#]E?*NVG'$0\@.));BX/>6\/:7_9UICBPNQ\C+
M,RT"=``-SMM,0-``[S#>$;6^;2J9_6.O0I5W$2[-)/J%C;0;L4*9&F/N&4E'
MLUM+)7D%7-CZ^8\C6'A8(SY[T$=3I[C8Q6K##-MD*Y>4PL`(<,SF(#Z^+YG<
M;>#:.%=3Z;CPE='SB35*0DQ!W;8SD6T:))@P!W:'=KM(5)IJ=18U2W54Z\BQ
MR[!H])'@V88Y3?\`YGC[BD\H)H`QAV88TS54:`K`A1WNN8YB/&JK/Y]D)^7/
M:3LF7'[NQM.3B6H<]O-6GTM5E7G5;Q$V5Q`DWXQ8[$,[&&A8<2"'"K^QT74(
M#60U?-K`0M0E3MENB_36QI;8_P`@$T!;*#"/'%]IEQ:8/FY`%1#,8@E\?,Q"
MVL,G(EXM)$V-$:AOR-[$OJ">T:<>P"_LP<2`$'E&(I)G+21+97E.`1X2(]AU
M`;F2:<;UI!J(<TNT6"!LJDP8]M3BM(%8L618V=U`KAK8&BVW#6QM;D2GO2.Y
MI!RX:-5$(YZ2G,E.413!X2X%B>`!.FG[0''E+L96XZ;"J$SDV-9`@2CN`8F4
M@-6ER@9'342@W%U;;8ZL%)?W51&E/G1JRSFP8\PL4L(TD$:0003&AFY+$.0;
M45XE5?;?RWE>.5O*IFRJNR46,H@MQX]_-8[(JC3?=5&>Z,9$`LS@'BW(]HY*
M2Y(H4PB81,(F$3")A%[Q8LB=*C0H822)<PX8L6.)JO*>1((T0`C:GJXA2O1J
M)^:KGDI",3*1:(#E51C*<HP@'D2P':2M[G_AVKO#VOJ!^W_X</\`8?P\G^/C
M]1]7]SX\>/<^I_N>?]7GZYS+^;3=]NOUGG_H;X+M_P#Z?K9GT_EWTWVN_P`=
M77__T>_C"+QD1PR@'BR1,/'DA)'D!(U'#,$S'#*(C5]',(QRHJ?FBYZ"8D2!
M8A>2C&491D'B0Q'<N<;M72)/6_8NXZ3)81J4%Y,BPGE]22*DC_JJ:8Y?S6;4
MG"7_`(>?&=<P<D9F)CY(_'$$^W@1[BX7SUU3"ET[J&7A2'^W,@=\>,3[XD%6
M_P`NE8)A$PB81,(K_`OM/KWTWT3-81#6_4([9Y:2JE.^U`Z_K8N["(Z5`,K(
MTB]4R6"-X^H/Y.?YJJJN+-61/S-QG\MK:D:[R8<#QVMM[!P6=%^)6:?+%6LJ
M-WAB=!4!9Q'`R?=VGBZFWWG6)%#KL8"TDJUJ]<+5U#?N.G4BPX0.Q-_G6D65
M-V&EM@,GR*N=4G$Z2T9)`'2$85SR&86CR[A;:3N$)3<Z3+GRX`$")&CB0+<"
MSA@")O.QI48\8[#;&O;'6N+`6VF0)G&6IB:R'8D;F))(,NE['I8[.&.OB:@.
ML%7=QSB";2U\Z,Z[EU6XQ]+:0UC2Q94Z-'D%B.JQR0,0"N&[VAOY1*HU9!A(
MRE9O>H<2-`8;^!('/<QUUU*BED88L@*X5"H1R#\H(W&-@KU,02`=NP$!M-`5
M'ZM9:<:926]K(H"*<6C"VV,XFL4Q'C9/V$5[/DK;4ELV9$'6QHJ6$&!#?)L'
M$8]ZJ_R]RFZ&0(V5P$]-^WYCRCM&D@Q=]ID6BS>R3%LQ#.FVV4-17O'@CSEN
M)W1DX8#=&,7DX)UXT1:S-52]ZMB3SQYFO4`25VRAAF?,8&L9VONUE*C-/&<9
MTGW=?GB*QPG/\V%:K555RYKC?Y6;*((NEK%]-?*@!_F#>Y65L\7S^F0F0<>L
M-,#73S["0XX^`@Z.X*CA2RJ&:.RG:(7:W5E@FMRH::J./&5]WKI5;*L(HAZO
M$*M6*?\`;T,\1XC$(SAJDAM;08AXF$;?(W#<#NUTEP'S'7;N;0Z'E)2"9VS\
MRR@Y6T["-C#Q0XD>`>'=L=C$.-'@T]'>:5&L]'B-9JS8<S>@@[!*RGJ2")3D
MUKK*#L"CE,KF_2:^>]6]+&;#48!+R2.C?$3DC->089,O'N%7@U/'=88Z/K)M
MCOJ>!YJ<7X4;,*#5;#>UOAC\NRD2U;2)EYI&U@.,>141-VC5#K"-<KK<R+,)
M\>(,TD6KIWVK=3HM(M:_L"`$T"$ZPK2,N(H@RD;[<HC!@:GD#VD7R--XW"O>
M"//(<EMQF#`ZECHY'+CS=>SRL66PW>7*).("T8[MD:Y"T!@X\0`/`EH_A92/
M[K7Q->NP7<W77;--H]IB!+0K1_3&K)$W3"4T(CM=`E<K_J(<Y8P55AHP&*US
M&C<!&R;)RMK-<9^2)1/BW<6FY\6O,.>!/-W4'FUQQ[A=.OZDPF/#M;:37M'@
M#<1)AQ`XAF5C<R2PJ81,(F$3"+8M_'KH#K';=M['E@58FN5C-=J"O1/!]Q=.
M:>>4*_U>]`JHR#?^">$U/Q_+4O5>5LHHPXGQ3EN/L'#XG[ET'T#@&S+RNHSC
MX*X[(_Q2U/PB&_O+;3FBKJBM?V]TSUMWMILW0^T=7@[/K\Q?>"R0C@V%3/:Q
MXPVU'9@4<ZHM([7JC3`>URL<YC_(;WL=>X'4,SIF1'*PKC"T?`CLD.!'<?;Q
M6)ZUT/I?J#!LZ?U;$C;C2UUT,3RE"0UC(=H/<7!(7-S\M?XP>UNBR6>X=6CL
MNV.JPJ640D"(AMYU2&BH[QV"CA,\K>'&8[]5A7C<Q&,<0X(S$15Z]T+UG@]3
M$,?-(HSCIJ?!(_NR/`G]F7L!D5\O^LOZ4=8]/FW-Z2)YG2`YT#VUC]^`^8#]
MN`9@3*,`M76;JN2JM]-Z^V;>97M4T-6PQO1DNVE>0:Z+^"JCC>+E,9$5%]H2
M/)ZHJHB>J6V1ETXT7LEXN0'$_P!NU93IO2,WJD]N-7^6#K,Z1'OYGN#GW++_
M`$WI#4=8:*38!;LELWQ>LJR"Q802)Z_Z2M52`:B.X5'%4KT5.45OX9@,CJ61
M<X@=E?8./O/ZF70^F^F.GX(C.Z/G9';(:#V1X?%SWA7E1$1$1$1$1$1$1.$1
M$_!$3\D3,<MD7[A$PB81,(F$3")A%Y&`&2(@)`1'`5JL*$PV%$1B_BT@WHYC
MVK_@J*F>@D$$%BJ91C.)A.(,3Q!U!5A=TZ!UR\0LS67-URS=Y/\`IVM<2ED.
M7E?%T9.20.5X1%#_`&VI_P!)57G,IC]5NK:-WCA]OQY^_P"*U3J7I+#RMUF$
M?)O[/P'W?A]V@_96(VS:E?ZA/6OOJ\L,J^2@-_S(DP;51%+#E-Y$=GJG*(OD
MWGAR(OIF>IOJR([ZIN/M'M"Y]F]/R^G6^3ETF,N1Y'O!X']'-E$Z/H6Z=E[+
M7Z?H&L76W[/:/5L*EH8!Y\TC6\>[((P+5;&AQFKY&.56!"SESW-:BKE.3E8^
M'3/(RKHUTQXF18?^WL`U/),#IV=U7*KPNG8EEV7/A&`)/MTX`<R6`&I("Z`O
MA_\`Q.T&E$J>PODO]NV[:0.%-K^K8KPV&FTIF^)`NVR8B.%MM@!_'E$'_P!U
MM<US7NFL<BMY9U_US;DBS$Z,]=!T-ATF?X1^$=_S?PE?1OHK^CN-@FGJ7JK;
M=EC6..&-43R\P_\`F$?LC\OM\P'3=0(0HXA``(80!&P00B8T8A"&U&#$(;$1
M@QC8B(UJ(B(B<)G.R2222Y*[J`(@1B`(@:!>F>+U:8/GCUZ[5^VX^XQ1.;5]
MA58IKWHU4&R^I!QZNU`SAJ,1'PTAG7U5SB'>O"?GT/TQE^?@''D?'5)O[IU'
MVN/<%Q[UQ@'&ZK'+B/RLB+_WHM&7V;3[25@_FR+2TPB81,(LD[GY7]P7O6:=
M63[.K6E?7"I9EP*O(S9;&E"(8&U<ZP66Z*^.^.)!D(R.R09G*$([R=SAZ^A]
M/JS/K8PEYCN`_A![0&?V:L.06Q7>J>K7]-_ED[(^3MVF3>,QX;279FT)8$\R
M59+6I6Y-)*@:?(V9"R6AE38>M%M4)(9#<0,>1*CU;O(K8KI[F,>]%1BF5$5/
M-><E<,=HRR!!AP,FY]C]K?8L-CRRWE7B2L<L2(;M6X$B/8^G8_>OU\O=),0M
MV^5L\B#%=/A&MWFM2Q(S[8;8MI$+/5S@A=9ADH,XU>BF:1&O14=PK;CQD*Q&
M`D6+:/IJ"W<VG8AGF2B;C*TP#C<\F&[0A^]V(YOJIP1W9[T@D>/=N*L<B5`*
MD>Z:L0=='##E2Q$:-%1(,-X@$*J\B!X#549XMR,?1>+6OQ,_#5]0/>=6YESQ
M4Q/4SY9(N\+D:2T8`$^X,">08<%#K<]AUK7;$LW:X`K!:YC;E5LHL<SX8%=3
M)%FJC`,)`B<_1^TY%CB_Y/BW/?+Q)_E;8$A]-#QXN.\\7XGBJ?.ZA6^1OMB)
M-XM0-!X6/#0?*W`<&7E+_?Q_:J9P]K*^9#D/'!DAM72)U=/M@W$GD1&>_-KY
M-Z%DI47S$LQ/=_YBJY?8_2A[(F&AXZ:$!O<=NG:VG!4S^NDU4Q:20=#N<@R$
MCWD&0W=F[7BOL$CL(5A;V0G;:ZRKH@8-_,>RU/*@P8$<0XT6Y(5I'QXU?'K!
M^TP_#0)&8K/'VFJT1BF%<#Y>PEXC1B3S'M?5N+]Z]$L\66V#S?,B&D?$X`&@
MEV``!GX,&X*#B:KN&PV=0(%+=3[';K!@*B1*CR6)>6$XR_W!6,U!QY"E(]7D
M,XG@U/)[W(B*J52OQZH6$V1$*QKW`=P^Y4PQ<O(LJ$:9RLMDT20?$3WG0]Y?
MO*A%UF[<1`1:V?/D,A+.EQX5=8F/7B;(/&(V<)8C'!<$H%1RIY#15X\O)%1/
M?.K9S,`.P<C7GIJJ/IKGVQKE*3.0`7&I&NG=[.]0:4]NZO?;MJK)U4/Q]RS2
M#*6O9YG^F;YS4%],WRD_VTY=ZO\`T_CZ95YE>_R]XW]CA^W@J/)M\LV^5+RN
MUBW%N/#CI[5+<K4:81,(F$3"+*+X?=>/W_O#6B'`I*C357<[5ZMY&CJ<H?LX
M'*Y/;<\]Z:,JL7U<)A%1%1J\87K^6,7IMP!_,L\`]_'_`"O[V6S>DL`Y_6L8
MRB]5/YDO[OR_&3>YUO=SF2[>O__2[^,(F$6KS^07JMZ$USMZJC<C<T>J[8X3
M?Z'M4A]>LC(U%Y0C5-%(1W"(K8[/\R9NGI7-TNP)RU^:/^H?<?BN:>O>EE\?
MJU4=/DG]\#]\2?X0M8>;FN:IA$PB81,(JCBZE?S(89L>"QXY,>1+AQW3:\5E
M/B15,DB76TYI0[:QBB6,5%(`)&<B(G/Z'\12OJC(Q,M06.A8$\B68'4<3S':
MKB.+?.`G&&A!(#AR!Q(B^XC0Z@'@>PJG,E5NF$41'BGE*5H&>XH8YI1$\F-\
M01V*0S_UN:B^#$YX3E5_)%SPR$6<\2RJC&4GVC@"?<%]P($RTF1Z^OCDE391
M$%'CB1%(4BHJHQB*J)SPF>2E&$3.9:(2$)VSC77%YG@%Y,CG*,YA`,0,9K'R
M2L&]XX["$:(;CD:U6B:0KT:U7*B*Y41/7/20"`3J5X(R(D1$L./=[5XYZO$P
MB81,(F$3")A%Z"$4Y1@`,AC&(P00B8XA2E(Y&#&,;$5[R/>J(B(BJJKPF"0`
M22P"]`,B(Q#DKH0^/76#>H^J-9U,PALN7`6YV9[%:[W=BM6C//8XC?TF2O8@
MXC'I_4*.U<Y3U7-^OSKKP?RW:/\`".'QX^TKO?0.F#I72\;%(_.;=/\`CEQ^
M&D1W`*]>8Y9E,(F$6BWY^=??$[<=Q1NL:;&;VM&M/J=TVK2IP:2AED:97S:K
M98,(!H.PWQR*_P"ID`2-,`3])9)'M<%G2_2V7UW'Q_SL@_0F/@C,/(=AB3K&
M/8"X/(`:KA/K_HOH_J&:)48('51-[)U'9&6NL9@`B<CKND-L@>,R=!B/!@0J
MR("!7100H49B#CQ8PF!`)B?Y6#8B-3E5Y5?Q55Y7US/2E*<C*<B9'F5KE555
M%<:J:Q&N(T`#`*+RE2)A$PB81,(F$3")A$PB81,(I/>T%/LM<:JNX(9\(WJH
MBHOD,B(K6GCE:K2QY#$<OB]BM<G*^OJN256V4S$ZY$2"MLK$Q\VF5&54)U'D
M>7>#Q![QJMO?P(V;X^T^KBZ[T+1:#K3?F1D)<!"LB9/WKZ037'M@[):EEW%D
M1GBI7UYY#OI&JY0-4+7*S0O5%/5;+SEY63.[%?3D(/RVA@.S<!KSU75_0-GI
MW$Q!T[IO3Z\7.;Q<3*UN,M\GE+MVD^'\(;AL<S45T=,(F$6-GRLZH?VQU%<P
M*Z.I]EUIW[HUMK&(XTF97`,DRJ'PGFYUK6D*(;$5$61[2N]&YF.AYWT.?7*9
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M"^Q4"VH(4I@A#\U`U$5J%1J)S%]#,41J&W<,8U_WB!KPX.'//N4_\TJ.7.\B
M9K.;&YM'V1)TXMN`+`<.]1UMN>O4%W!N!2I6S22=>=,T\G7Y@1/I4?04/75M
M813SX]B1#P0EU]1-#[+"#EO>A&I[/D:FO'MMKE68B$?-M.X<?%*P`LW'Q.[Z
MCAQTKMS,>BZNX2-DOI\>)@?E\,:I$$@ZCPLS`B3OPUDT[L.G'56]7"DV<M+.
M!M;1&93PZI!2]E/J[G/F+]UG2S2I<2C>V>1"O&]R#:QKT\B+)'$LWPG(`;3'
MF3I'=PT`9Y>'3MX<%#9U"D56U0E(B49_A$=9[./B)<B/B+MP8'BO<78.KR6P
MDL&6J@KH.KA&!L9\>Q!)J>O]4U&SF:W<U-W7R*JPERZ!Z>4OZR(2-[)'1_<&
MX)/#BWQW;-KDRYZ:SE("0(+@"7)B[AV+BH9^-+9Y@EMC&&C,08U0K)A*,@8D
MF)^;=$AB8N"#-*WL;2:QM![(;)'5F]]3[88BUI)-B2LT6%;5UE`FW%AL,PTV
MQ\+1JQ1A#%@-`!$:T/DT0Z)XF3,VN1K5;'CH\R""`(AAIJY,G//B9:^H85?D
M,)>&^BS@Y:H2!!D9ESXO"`(Q8:-P%,2=PURPI-?H23[RI_;JTIONU=6QS'L#
M54B_57B&ZVB/$6(&R8^`YZM\"&.C_!%1RS1Q[H66VB,9;WT)X/M[CQ;Q>P<5
M;2R\>RFB@SG#R]OB`&NW=^\.#^%^9D[+]M>QZNTE"DK7S(8OV/O.N+71V`="
MA3MHW'=MG@"@M=)8GVF"S9(Z.<K6$:03E:->&N=Y##G")&X$^;"3\R(PA$OI
MQ.T^[FEO4:K9"7ED#R;(,&8&=EDPVORC>.]P=%9W,@L0F$3")A$PBW8?"+J=
MV@]6-VNTC^UL/8SXUTY"#1IHNMA&]NO1E54\O]6(Y)J\+PK)+$5$<Q<YUZDS
MOJLWR('\JG3VR_%\.'N*[+Z+Z6<'IGU5L6R,AI>R'X![]9>\=BS/S75N"__3
M[^,(F$5,;IJ--ONJ7^G;`!3U&PULBMF-;X>Z)"MY!+C.>U[1S(,EK#!>J+X%
M&UW'IDV/?9BWU9%1:R!<?J]AX'N5MF8E.=BWXE\7JLB0?UCO!U'>%SP=D]?W
MO5^ZWND[")6SZ:6X0Y*#<,%G`)_<K[6'RKN8MA%<TC4Y56*JL=P]KD3K&'E5
M9N-5DU'PR'#L/,'O!7`.HX%_3,R_"R!XX'CR(Y2'<1K]G$*ALN59)A%D%\8-
M,T3?NX*#6^PSL2CDQ[`P*\LQ]>&\MHX/*!3EEB*`XVR55ST:-['F<-!HO+^%
MQ76LC)Q>GVW8@_-!&K.PYEO[-Q6>]-8>#G=6HQ^H2_(()`=MT@-(OIQ[CJS<
MU=+YK]9]8];;GK$;KT,:HFVU3.E;)K,.661'JU">*VIL&`.>06`ZW$4Z*)%:
M/B,CVM3R<KK+TYF9N9CW'+)E&,@(R(X]H[VTU[UD_673>F].S,:.!$0G.!,X
M`N(ZC:=7;=KIPT=M58V'/K9&U:7NRWL"%7:]$T;[I'4SA7-?*TJKJ*XL6#5N
M<Z392;9]+[T8L?RC-?(;[Y`<$\,G*,Q1D8WE$SF9MV'>2=3R9V(.NF@.BPL)
MURRL/-\^,:ZQ7N'X@:XQ#`<29;7!&CGQ&.K1.OW^A#C:]:WD2"Z::SI-;V.I
M'`4C1ZY57R7LK8@^4:4-"GKA0*Q&I[ASQX\M"(JF1SJ;:LHRMA7([1$RB7_$
M8[1'B.>Z78"8MP55%^"(X]M\([S*,)Q;\$9;C,:'B-L.9($GXZS&RV>EAU.P
M#237EV8VG3H$&R),@;/:-/,WG2)$6,&^@T%7`%+CZY"L71R#1QXD,ZQU,Q49
M&#1"FR4ZBQ\GS`2&,1I";^$R);<8OR)#L>)DLR:857C='ZDTD`N)R<VUD#<(
MQ#B`FQ&L8G:XTB(RWNM2/#LR29];R^JV$-%7B-#NZYWUU!)%$D4(F54:WT:N
MCSQ`8"IFO,09"J1'M4;WD\KKO$H",#\T=QU!TEKNU(F6=Y!OMTKNNQ)0M,IQ
M^60B'$AK$L8^$2K`+-"3D$N^A)K&NG0:.;LU[92J:'14_9FILUFOEUL<EKK%
M4]-Q.E.>!]N4U`L>/#:*=7F:-TF2%Q5&5$4SK:<96QIJA&1ME3+<0=)'P:N_
MBXO&0X`LXX*[KG"B>5?9*`HADPV`@;H1_,.TAO"P#2@6<@ECQ5MDVR',Z_M8
M3K6,_8K'5(\6U^H08I<]U7O;ID,!94@;&RY4:BD<":U[B_3M:-O+1-:R\\B4
M<J$MA\D3<=@>#'3D'X\GUYK'?50G@6P\T?42J`D_$[;'`<\2(G3FV@X,)53V
M=,*@K!OE5XJB/J^UQ-JIRD$V=;[7+?LCM:G"B."^1+>,,JL9&DL0HZ]\8KW(
M/R7WI+(6&V9VGS#.)B>0B-NX/RX2<:;G''E%5;2**@91%0JF)QYRF=^PMQ.A
M@`=1%B2SZU%"O]$;)B'8R*EAL\"PO9SPI&JFZ[M;*1:F#`#,F5=A"J!2+MUK
M*`X821XXYU>1SQOC.<&&565MD"^R!$1SW1=R6!!/AV@ZN3&0U?6XA?@[HR`'
MF6Q,CPCLGMV@.8D1>6^08$`2K)(,=)3N&R4A-=M*ZJ+7);SK+5&VDB,@)LZ?
M'@:].99H:^#4U8YJ_<W@;.(!C`SY@4D*LCTD/DHIL%T)S?RQ&3<@'D&\+EM'
M9]8@MIP$69D4G'LKJ,?-E*&XAB2!`OXML7U;<0PE(;O%\QLQF06'3")A$PBS
MN^#W2)-UW3_<N]AN75M&EL=5(8:*"XVUK&EBC9Y)^L-`,C)1%3C@[@)ZHKT3
M6?4G4AC8_P!'5+\^T:]T>?\`BX>QUO'HKHIS,S^97P_[6@^'LE9R_P`/$]^W
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MH.WJMNG;A(!'[)IXSGH1&-`#;:N,QB.M8S&HT(K:.B_ZN.U$:J?WA)X*]@>=
M]<Z,<"?U&."<.1_PGL/=V'W'5B>Q>EO4L>K5C$RY`=1@/=,#\0_>'XA[QHX&
M:&:ZMQ3")A%I-^9W1[^M-^)N%'#<S2]\ER)P?:8[Z>GV4BODVM0Y6M]L`9CE
M=*BMY1/;4@V-\0*N=&]/=2^LQ1CVR_[BH`>V/`'W<#[CS7&O6'13TW..73#_
M`+.\D]T9\91]_P`T>YP."PRS85IZ81,(F$3")A$PB81,(F$3")A$PB81,(F$
M3"+)+XO=)G[G[&B19T<BZ;K3HUSMTE&N018K2JL*C:1.$21>'"X?"*CDCL,]
MJ\L3,1UKJ(Z=B2E$_P#<3TC^F7]W[V'-;%Z:Z-+K'4(1G'_LZVE8>[E'VR.G
ML<\EOJ&-@F,$)C!C&QHQC&U&,8QB(UC&,:B-:QK4X1$]$3.7DDDDG5=R````
M&B^\+U?_U._C")A$PBQ!^6WQY;W%JC=AUN,/_<35(IGU;4\6.V*I1SCR==,1
M>$^I\U<6"YR^+3JX:JUIG/9G^A=6_E]_E7'_`+2PZ_NGE+]![M>3+4_570!U
M?%^HQX__`)"H>']^/$P]O./?IHY(TA&":.8L>0(@#@(\)P&8X1@F$Y6%$43T
M:\9!O:J.:J(J*G"YT@$$`@N"N+D&),9`B0.H7GA>)A%]D(0Q'E,1Y2D<KR$(
MYSR/>Y>5<][E5SG*OXJJ\X``#`:+TDDDDN5=2FZFN+ZOI)T$QV,M[36JQ9DV
MHL(=$-^T6@JB)]#<E;Q;'KID@;9HPAX"K_T/)XNXL;,ZNJ=D9`>&,BP(,O"'
M+CDXX.=>Y9.GI5U\*)P):<H1<Q(CXY;0TOQ$$C<`-.1*IZITL]A0+M,F<*)1
MQRWK;$@P$ESHHJ)^FQGD%#\XXI))\_>80`M]X;4<KW$<QC?+)K,@0M\D1>P[
M6Y`[M_/DP@2=/8Y4%6'*RCZJ4P*09/HY&WRQPT=S;$#4<W8*Y;^K==*H5';(
MRK74QW;KB.DTLDD]G5M_O/L_;CQVL'&=*J4:=O*O8K7#&YR*A,LOK;@_Y?C\
MQFTX>9&''M8Z?$]BR/\`+,<[6M_*\K=N#N_DRLX$<'CKS'`=JIMG6#Y<J@`M
MI!K3;+)TRCIX@QSI_OW.T:AK5_&D33D8!D*O>_8!I)<U2O`1ZM$(HV^23?6[
M1:=AD("<B=!I&<HZ=I\.G!^9!5N.F&<Z(^;&)L-<8C4O*=<)`DZ,/$'XL>`(
M4',URXL*D\>RV\TF9K6HUNX#H;%]J>)&I+@%$^OB5$@KB@;9NKK>,8HD$$#`
M(B-,][5&VJ-U<+`88[1G88;@SN-SD]S@AW)?D.*HGCVV52C9EDSKJ%FT[B!&
M0BPB>#M*)(8!N9(96NR]6,3")A$PB81,(F$5S^H>J=C[CW:NT[71J/WE^JN+
M4@W$B45*$@VS+26C5;Y(/W$8(?DU3'>P:*GEREGGYU/3\:>1<>X#G(\@/T]@
MU62Z3TO(ZOFUXF...LI<HQYR/Z!S+!=`>BZ3K_76ITNF:Q$^DIJ.(V-':Y6N
M/(*YSBRYTPK6L0TZ?*(\QGHB(XCUX1$X1.5Y.3;EWV9%TGLD7_4!W`:!=YP<
M*CI^+3AXT&I@&':>TGO)U/>JMR!72818A_+?Y!)T[J+*#7)+$["VZ,<52YJ^
M3]?J>71YFQD8GX2&OY%"1W#72$<3A[0/8[/=!Z5_,,CS;A_VE9U_>/*/Z9=V
MG,%:GZKZ]_*,048\O^_M!V_NQX&?MY1[]=6(6D`I2G*0YR$,8Q'E,8KW$*4I
M'*\A"$>JO>1[U5555555>5SI(````8!<7),B92+DKSPO$PB81,(F$3")A$PB
M81,(F$3")A$PB813:AO;?6+JLV&AGGK+FGF@L*V?&=XFC2H[T>-[>45KVKQP
MYCD5CV*K7(K55%HMJKNKG5;$2KD&(/8I:+[<:ZK(HF8W0(((Y$?V]ZWZ?'ON
MFM[NT"'L(_8B[%7.95[;4"=_\PMV#1R20#<JD^VVHD]Z.Y>43]0_)7B?QR[J
MO3I]-RI5%S4=8GM'ZQP/QX$+NO0.L5]:P(9`89$=)Q[)=OLEQ'O'$%7US&+-
MIA%0_8_7^O\`:&FW6E;*#W:ZXC*QAV-8LJMG#_7!M(#WHJ"FP9"(]B_@Y$5C
MD5CG-6YQ,JW"R*\FD^.)]Q','N*LNH8&/U/#NP\F+US''F#RD.\'7[#HN?\`
M[5ZOV;J+<K+3=G`J2(CO>K[$8R,@W=45[TAVU>\B?KCR$8K7)RJB*UXW?J8N
M=3P<VG/QX9%)T/$<P>8/]M1JN#]4Z;D])S+,/)CXAP/*4>4AW'["XXA6XR[6
M/3")A$PB81,(F$3")A$PB81,(F$3")A%56DZ7L786SU&H:K`?8W=S);'C!;Y
M-$%B(KY$R85&N2-!A`:XIBJG#!M5?7\,@R<BG$ILR+Y-7$?V`[SR5UAX>1GY
M-6)BU[KIEA^DGL`&I/(+?YTMU'1=+Z)6Z?3>,F4U5G7]RHD$>\O#L8V7.(WE
MRB`QK&BCCY7V@#8U5<[R>[EW4<^WJ.5/(LTCPB.P<A^D]I7=NC]*HZ/@UXE.
MLN,I<Y2/$^SD!R`'M5V<L%E4PB__U>_C")A$PB81:\OEM\3UW)+'M#K6"J[:
MQCI6T:U&;Z;,,3/[EI5"3^G8!C9_="WTFM3EJ?4<H?:^@]<^GV869+\CA&7[
M/<?W>P_A]G#0/5?I;ZOS.I].A_W7&<!^/]Z/[W:/Q?Q<=1[V.&YS'M<Q['*Q
M['HK7,<U51S7-5$5KFJG"HOJBYOG%<I(()!&J^<(F$5?QNR-BA#9]&RLBS6Q
MM9CNMA0N;-ZZ:^O=JYT.0KQ`+4#JP#1HF#%(1B.D,,1&O2U.'5(^)S%Y:/IX
MWW?%SQU')AHKZ/4<B`&P1$V@-S>+\MMA?EM8#0`%O$"=5Y/[`MG10U@Z^BCT
M0DMD)0QZWVZZ6R]-2RK5LHOO.M".D2]?B%&])+217`8D=PF,8UOHQ8;C,SD;
M=/$^HVN`W+A(\M7U=>'/M,(U"N`H&[P@:'=M,G_%J81(U>+#:P`"B'=F[00S
M'E=6OC,ACK5KF5L>+"?6#UB?IJ5ZMA)%D,"[7+,T=SV$:=5?[ON>\B$SP8=(
M!9]SN[N7W";ZO^(`]G)FT51ZEDD@G;M9F8`;=AK;1C\A(=WYN^J@&[]L[9-%
M+;-"A]<L:&UJ7?1Q>`3=:J:6DJ"/;[7B=H*[7XK'-?RTBL5SD57.5:OI:6MC
MMTF)`ZGA(DG[9%4#/R1*B>\;JY1E'0:&$8QC[6$8^UE4S=]JH^LV\*/$DR+Z
M[U*IT^3+G0(+RQH%=,I9"O;=,E^<J.,-(@8HFU\60$!!B++D#C(AH?I9FZN1
MD!5&PS8$\2#R;O<G<02"1$$Z7/UU4<:V$8$WSJC620-`#$_,^H:+1&T$`@&4
MA'6TV7RQ281,(F$3")A%7/7776U=I;57ZAJ%>Z=:3G>92O\`(<&L@C<Q)-I:
M248](E?$1Z>3N%<YRM8QKR/8QUMEY=&%1/(R)M`?$GD`.9/_`!.BO>G]/RNI
MY5>)B5[K)?`#G*1Y`?\``.2`M[W1W2.L=':DS7Z3F=;3E#*V783C0<N[L1C5
MJ.0?D_Z2NB>;FQH[7*@V*JN5Y'O>[F74NI7=2O\`-LT@-(QY`?I)YGG[&"[A
MT7HN-T7$%%/BMEK.?.1_0!R'+O))-Z,QRS"812#:=EJ=.UN\VJ\.D:HU^LF6
ML\OHK_IX87&<,+55ON2#JU&"8B\O(YK4]53):*;,BZNBH/9.0`]_]M5!E9%6
M)CW95\FJKB9'V#]/9WKG?[2[$N>U=[V#>+QSDDW$QSHD/W%(&JJP)[-951O1
MK?9@PV-8KD1%(3R([];W*O6,+$KP<6K&KX1&I[3S/O/ZEP#J?4+NJ9U^;>?%
M,Z#]F(X1'L'Q+GB5;_+I6"81,(KO]<]<0MQU[:K^8/=YO[=N=3IQU>B:L+:;
M0W[F@[?-?82XY;*N^E@0?VL@U>BOY))8GI^=AEY<L>VBJ)K&^,B\Y;1X3`,-
M"Y.[[%ENG=.AF8^5?,7R\N<([:H;Y>,6%R'#`;&?M(7F?JRRLR!'JE=L#W&N
MMXKW,W!FM:BZ)%T37M5OKPEBL[97?;)M4"^(26V2@0,`@5$4I%...&;"`)OG
M#Y8'P;I.9RE&+-'4';HSEW<`,3Y+I=EA`Q:[',[!^9LK850A*3O/0QW$R=@S
M,2=PC`?[2;DEA(A$;KP(\:OKK1;R5M^K1=8/!N"2`U!HFR2+<=-,?92(A1C$
M,SBH\)4>UOM%5E?U^/M$AO))(VB$C)QQ>+.&<<FU#<0]'\JS/,E`^6(B(EN-
MD!`B3[6F9;2Y!``+Z%V8MZUO3785FLA@JF#%D1]GN=);!M=CUNHLIFX4#:]]
MIK5;665M%L+&VCI:`1&!&]I'D1C'.?\`ISR?4,2#$V$@P$W$9$"$G:1(!`&A
MXKVOI&?;N`JB)"V5;2G")-D6W0`E($R&X:`:NPU4IB=;[;-UQVT1H4-]>D"3
M;CB.N:<=]*I(4U];,O(6N%G,O)M/%L!N"^0*.]B.&1?5HBN9)+,HC=Y)D=SL
M[':"0XB9-M!(U8GL[0\4>G9<\?ZF,!Y>TR;='<8@L9"#[C$'0D!M#V%OG9^N
MMJU"$.?=1J]L?[@ZGFI7W=-<'I;MH7R'4FP1JJ=,/16_LB(J1Y31$<HBM1%>
M$K6*<NC(D8UDNSAP0X_:BX&X=X?B.T/YD]/RL2`G=&.W=M+2C(QEQVS$23&3
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MZU'YH\B/T$<C^@E8;K?1<;K6*:;0(WQUA-M8G](/,?I`*T3]B]<;9U9M$_4M
MPKGP;&$]5"=B/?7VD-RK[%G52W,8V9!DM3EKD1',=RQ[6$:YC>F8F71FT1OQ
MYO`_$'L(Y$?\1HN(]0Z=E=,R9XN77ML'`\I#D8GF#_P+'14+ERK%,(F$3")A
M$PB81,(F$3")A$PB815'J6I;%O.P5NK:K5R;B\MCMCPX49O*JJ^I#G*Y6BBQ
M(PT5Y3$5HQ#17.5$15R*^^G&JG??,1JB-2?[:GL'$JXQ<7(S<BO&Q:C.Z98`
M?>>P#F3H`MXWQO\`CI2]%:Z]\IT.XWRY&U=AV$(W*,`OT/;14KS#&<51&*Q'
M.>YK"2B_W"(U&B&+FO5^K6=3N&UXXL?EC_J/?]PT',GM7IWT_3T3')DT\Z8\
M<NS]V//:/C(ZGD!DMF'6QIA$PB__UN_C")A$PB81,(L(_DC\/Z3M-9NXZ+])
MKO8*L<:7'<B`H]K>UJ<I/0;%^WW#T;^F6Q/`KO0[5\O='L?2.OV8.W'R7GB<
MOVH^SM'=\.PZ9ZB])4]3WY>"U>?S'",_;V2_>Y_B[1I^VK4MDTB[F:WME-.H
M;N`[QDP)XO;(C55488)&J\$J*;Q51F$YXB-]6N5/7-_HOIR:XW46"59YC^VA
M[CJN2Y6+D85T\?*IE"Z/$'^S$=A&AY*G<E5NF$3")A$PB81,(F$3")A$PBOU
MTG\=]^[OLVMHXBU>L1I#!6^W60B-JX:(J*4$)OZ'V]FT?J@`KPU5;[KQ-<CL
MQ?4NK8O38?F2W7$:0'$^WL'>?<"LYT;T_G=:L'DPVXP/BL/RCN'[1[A[R.*W
M7=0]-Z7TOK3=>U*&[WI"B-=7DSP);WTP;7(V1/.QK&M"%'N0(!HT(6N7Q3R<
M]SN=9_4,CJ-WFWRT'"(X1'=^D\2NR])Z1A]'Q_(Q(:GYI'YI'M)^X#0>UR;K
MY8K*)A$PBUK_`,@W:#H53K?4M:?Q+=*/:=F1CW([[9"D$!102M:O@\4NS"60
MYJ^K71!*GHN;AZ5PMUEV?,:1\,?:?F/N##WE<Z]>]3V58_2JY:S\<_8"T1[R
M"?[H6JC-W7+TPB81,(J\U_8;,6IW^E4L*T/9['M.GWX9%420LAH=5J-Z@&@I
M$B#=(D+,=MS"HY'(C$C+RU?)%;;6U0-]639*.R$)QU_>,"[GLVM[U?8^18,6
M_#IA(V66UR>+OX(V@AAJ7\Q^YE/Z7L=U%K;-:G54N3-C%[?;)EGEJ(JF[*T_
M4M3:A@F`\S2TQ]7>8B.=R7W4;^A6JJPV8?FW>=&8$3Y3!O\`ISG+[=S#L97%
M/4?(QQC3J)F//<D\[JZX=GX3!SVNVBGU%VS10*FO@S:&U#8U.KT5#`V"EFTP
M[@3:F[V^WG0XLBXH[9E7`OTV8"%,!GU025XU:YPWD&L=N!9*<I1MB82G*1B0
M6U$0#I(.8[2P.AW'@6*GHZK1"JN$Z)"R%48B43'=X962(!E&6T2WAR/$#`<0
M2%%V'==?*WC6MN!KTQ@:/O?:.ZI$$MB%Q)*[3.Z_LY5`$[(;6A2)*TTS1G<U
MWD.0SEG+'>5,.G3CC74&T/+%C2[?LBP"7'F)C3N*JLZS7+-QLN..6AG3R"'&
MN\U$Q=N1K+'L(TTUID&\ZY(K==D2=8LY^]:S2P==U\S+-C=<<6%<R+"JO)-5
M'ACL3V<&/)^G2(AUCR2M:<BK^L))CC7"=H%T1C3D92T\6H8Q=V8G5V<#0=HM
MHYN/*O'E+&E+-K@(1\7@TD3&1B`[@%MKL3XCS!F_9_<`M]J#5D4&P`99;,/:
MIP+:QJ3PJV0"-<1HM55BJ*:H=/!'9=FXES/,_CPQK6<E<6C"P#BV"<C`[8;0
MP+G@Y+DMP&@T]NC2]2ZL,ZJ5<8V#=9O(D8D`@2`C';&+@;CXI:\@VI-BLR2P
MB81,(F$3")A$PB81,(MV'P?[17>NIVZM8R$+>]<G#1O\R.>8^NR6$-KLE_DO
MZ6@$(T)J)Z(R&U?Q=G.?4F%]-G>?`?E7>+^]^+]!]Z[+Z+ZG]=TKZ:R3WXYV
M^V!U@?=K'^ZLS\UY;@F$3"*UW;'3^D=RZX[7MQKO=4/NDJ;J)[0;JBE$:UKI
M-9->,OMH3P;[H7M>`R-;YL=XM5+W!S\GI]WFX\_:#PD.\?<>(Y+&=4Z1A=8Q
MSCY=;M\LA\T3V@_>.!YA:6N\/C3V!TG--)L(KK[322/;KMPK`/6$Y'K_`&07
M$='%)2SW(J)X%51$=R@B$X7CHG3>L8O4H@0EMR&U@>/N[1]O:`N.]:].9_1I
MF5D=^(3I8!I[)#\)]NAY$K';,LM?3")A$PB81,(F$3")A$PB817JZ=Z$[![K
MM$C:O6K&I(YV"M]JLFD!1U;5X<1GO^/E/GH-45L8"/(ODU7^#%5Z8[J'5,3I
MT-UTWL(TB.)_4.\K,](Z%G]9MVXU;4@^*9^6/ZSW#7M8:K=+TET'I'1U(L'7
M@+87TX+&WVV3@C2UMGM5KU"-&N(VMJF$:BCBB<K4X1SW$)R1>=]2ZID]2LW6
MEJA\L1P'ZSW_``8:+L71NA871:=F/'=?(>*9^:7ZH]D1[W.JOAF-6:3")A$P
MB__7[^,(F$3")A$PB816W[*ZDT'MJH^S[Q01K-HD?]!8C_TMS5$>BHI:VT"B
M28_+E17#57!(J)[C'HG&7F'GY6!9YF-:8]HX@^T</T]A6.ZCTK!ZK5Y.;0)#
MD>$H^R7$>S@>8*U<=M?!'?\`4EDVO7,I-_HF*XGVU6B@[9#$GKXK$5S85RC&
M^GE'<PSU_".F;I@>IL6]H9<?*M[>,3[^(]^G>N9]5]#Y^)NMZ?+SZ.SA,>[A
M+W:G]E8.V5994TV166]?.JK*(112Z^RB'@S8I4_$<B)*&(X2)_@YJ+FRPG"R
M(G7,2@>!!<'WA:59593.5=U<H6#B"""/:#JH'*E0F$3")A$PB81,(J]T3K#?
M^S)Z5VCZK;;`5"-$>1%C^W60G.\51;&VDJ&LKV\.1>3%9RB^G.6V3FXN''?D
MWQ@._B?8.)]P5]@],S^I6>7A8L[#S(&@]LBP'O*V2]/?`6EJ'Q;OMZU%L4UG
M@9FI4A)`*,)$5KVMM+5?IYUKQ^#A"9'$CD5%>5BYI_4/5%E@E7@0V1_:/'W#
M@/:7/L71>D>A::C&[JUHLG^Q%Q$?Q2T,O8&'>0MA];65M-`B551`A5=9`"R/
M"KJZ,&%"AQQ^C`QHL=@P`$W\FM:B)FISG.R4IV3,IGB27)]I6_UUUTUQJJ@(
MUQ#``,`.X!1V4JM,(F$3"+G>[YWTG97;F\;8AO>@R[J1!IE1S7,2BJ.*NG4:
M,_0WWX,1A7^/**0CEY5555ZQTS%&'@8U#-(1<_Q'4_:67`.N9QZCU7-RG>!F
M1'^&/AC\0']I5H<OUB4PB81,(K]:"FP_[4;V[K]MJNW+M.KLV)^O(==A;H?V
M^\=XQOHO^\FT;]D;'^X>S^A2-B>]Z>&8O*\KZ[%^JV^1LEMW?+O>/;INVOM?
M]YEG,'ZC^5YQP!+ZOS8;]C[_`"FEP;7;O;<VC[7Y*J95'MA`7%_O6M1NQNQZ
MBEZ_C#U>S'?R[BOU^^_<R%N]VB4<FIO)FPU0*ZLB>,D[GB!;1E(ON,8UD,;:
M`:ZL:XTX<I3.X;0#*.W2!D#$1+R.@U,2VAUNI491C;?FXPR.H0A4-AW&0C+?
MXK!$QD9Q:$=3H)Q?4`"J8>C]<U-]J]#(TB!:IN/;6XZ;:$L;C94L=6K8&H]6
MV)M=JWP[>'#2UU>^W"='27)CR".?'1"(1/3()9.9.JZT9)CY=$)AA%I$SL&X
MN"6E&`+`CCHRNH873ZK\:B6%&7G95E<GE-X`5TG9%I`;H2LD-Q!.FKJE(=9H
M\O3)O8ANO=>25"ZXN+(&O`L=O%KJW-;V_P!?:?`MC#797VYC-I-H.,PEF?3F
M5K7JQ">3UGE/)CD1Q!ESVFX#<T-S&J<R/E;C$,6<>S16D*\*>)/J!Z?7NCCR
M(@]FS<+ZJQ+Y]WRS((W,>+/JJ[H-8TBQ[$J:JNT^%K7V;?/CW9Q;2@O-NB72
MIV%/U^5?5[;)^PE+#A1B6_$`D5`38:1Q*V0XGN$);6W9,,2=D\@SW57@B48$
M>`2VEMNIT\3N"YT9@+ZC&PK.H4U5X@KV7XLA*,IB7YIB9!]V@&[PF+2BP\3N
M3*JZ1!)UI1-'U]02RD^-&W.99<;@^3+F0N^+>%*7F/LK(3Y-<(:63_`2.&62
MY'_Z/V8PZYB0S+?^ZF!]9#3P:`T@_LOK\O'@/VG)CKE`].I;`K)_EMFOYCDC
M)D#PFSCY]!H3KX&B)U?=2=8)95FO)$-6U<;L?1-6A[9&JMGJ%O*38)4@$R18
MWFQ6DNBN"[!`$D^'(KHH11&>2JBQU3QCJSLW9.W<\S3.1B\3M,1HPB!(;3X2
M)$D^U2W]*Z;YE>/L,:AD50%@C..Z,B0293D8RWCQ1,(@1'[JL_W-K.LU%-JU
MG44#M<LIEKLM7,BBHMKUR#+@U0J0L(K:W=;BVNWV,$T\P9$ECFQCI[:(B&&9
M77_3[KK++X66[X",2#NC(@EWU@`&+`@<1KR(6)ZQC8U5.-;51Y=AG.)&V<`1
M':VEDI2<$D$\#IS!6/V958%,(F$3")A$PB819<?"C?%TSO&FK9!E'5[S#E:G
M+:Y5]M)LCPFT948B\*=UK#'':[_*V2__`!7,#ZCQ?J.FV3`\=1$A[.$OL+^Y
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M^PL>Y6BR_6)3")A$PB81,(F$5R-`ZA[)[0E-CZ1J-M="]WV363`?2TL1_IY)
M,NICH]9'>UJ\^#B^XJ?TM5?3+3*S\/"B^3?&)[.)/L`U^Q9'`Z3U'J<A'"Q)
MS#\6:(]LBP'Q=;&>H?@'25+XUSV];CV*8SQ*W4Z$LJ+1C?Z.:VRMU2+967"+
M^H8616(Y.%>5B\+J.?ZILL$J\"O9']J3/[AJ![W]@70>D^A*:C&[JUOF3_8B
MXC[Y:$^P;1WD+8;4U%50UT2HI*V#454`+00JVLB`@P8@6?TBCQ8S!A$Q/\&H
MGKFJ663MG*RR9E,\22Y/O6_U5545QJIKC"J(8```#V`*8Y0I$PB81,(F$7__
MT._C")A$PB81,(F$3")A%1.Y];Z'V'#^AW;4Z39`H-1"+8P1/G1&*KE7Z"R&
M@[&O=R]?U`*-WJOKZKESCYF5B2W8U\H'N.A]HX'WA669T[!ZA#9FXL+!WC4>
MP\1[B%B!N/\`'YU9<O*?4+_9-*,17*V*1XMEJ`HO]*"CV#XMNOC^?G/?RG^'
MXKG\?U5FU@#(JA8.WY3]CC_*M3R_0?3+B98E]E)[/GC\"TO\RQTOOX\NSX;G
M.UW;]+O`-7T2>ZWHIKTY1$5H&P+:(B\>J\R$X_+G,M5ZKPI?[N/9$]S2'W@_
M8M>O]`=2A_\`+Y=,QW[HGX-(?:K8S_A+\BH:JD?3ZZT1'M:CH&UZR-%1S/-2
M)]SM*YW@QWZ5Y1'>7X(J>N7D?4?29<<@Q]L9?H!6-L]&>H(?+B1E[)P_U2"E
MW_@R^2G_`/K?_P#F&A?^U.5_^H>C_P#UG^2?_A4?_H_U%_\`MW_Q*O\`QJIJ
MWX*=_P`YR-E5NL4R*O"OLMEB%:U.&KY*E.*V?QRO'HBKZ+_PYAGZFZ7'Y9SE
M[(G]+*YK]$==G\U=4/;,?Z=RO%K7\=%^5PW[AV13P&(B*6-K5/-MG$=PGD,<
MZT-2H%$55X>L=_/']*<^F/N]6U!QCX<B?WB!]@?[UE\;^GUY(.7U&$1V0B9?
M;+;]Q]BRAT?X4=%:>X$F=23]VL0.:1)6W3UEQ4(U>53[-7CKJ<X%7_)(#(]/
M157U5<+D^H^IY#B-@K@>40Q^)<_`A;+A>C>B8FV4Z976#G87'^$-$CN(*RIK
MJVNJ(0*VI@0JNNBL]N+`KHH(4*,-%Y08(L88@!8BK^#6HF82<YV2,[)&4SQ)
M+D^];17773"-=5<8UC@```/8!HHW*56F$3")A$PBM3WGM+]+Z?[&V0)/:E0-
M3MA0"^7C[5G8@6KJR<_BOA8S1+PG"KQPBISSE]TRCZCJ&)21X38']@U/V`K%
M];RCA])ZAD`M*-4F]I&V/VD+G6SK*^?DPB81,(F$4\JQV<.)-V&NL35CJN1`
M@MD1),B--?+MF3G@!')&5I&-=$K9#WO5S6(C$:J\O:BQS,)2C5.&[<"=>#!O
MTD*:H60A/(KL,=I`<$@O)]`W<#_8J>IK^UT^R:_#^O)5W^SMB%C2AV,@4N,Z
MZL)%4X=I)B^4J++22,C90OU%&ODPC?<1S$B\VBRFV6W=5!^6A8/H^A'8>'9H
MI_(RJLBB&_;?8S%RXW$Q\1&H+ON'$<#JX4.[7)*1/KZO8JVXBPS272"5;=D0
ME=,^UV%J-21YU'`E>=A#HC\'"P@1>QS((%B([*O.&[;.HQD>W;J'`Y$\#(:'
M4OH"J3CRV>97D1G$$OMWZ':9<#$'41.H<!O$0-5"MU?<%58;:2]1_P!%$E+#
M6',8185D1#0'+%<Q'JRQ>!"@;X\G1J/8CD1'9[YV/\WF1XG5QQ''7NY]G!4_
M39?R>3-]H+,>!X:=[..WB%[U.L;A;NJSUM=;D%<V-?75\]HY21S2R34KH#OJ
M&(JH$<X:B&7^A"B<QJ^3'(GEEV/7O$YQ>()(TX,Y^S5NQ558V7::I5US:<@`
M=6)=AK[=`>T-Q"_15F]@BA]B%M(8D<TRLCC$&U&,!K&6VIL(00,1/:6=/8D4
MS&M1"G1!.Y?^G!GC&1>4-Q`/+D'!]PU'8-5X*\V,1MA:(`D#YN9VD>\Z'M.G
M%>$NEW!8163H%ZL"@(>,0,IDMP*DK6`D3HZ1R\MB%C-DB=)8UJ.`I&>ZC5<W
MGV-F/N&V4=\^QM>SV\V[>2\G3E[")US\NMQJ[1X$AN3.'['#LZ@M@'9`LG1K
M2>:S+'C0DB3"R3RFFJSQ`S*HD9\ARE'$-`DC(,:HU1M?PK6JBHE51@8/"+`D
MN.]V/O=47BR-FVVPR(`8N3X2'BS\F((')23)%"F$3")A$PB81,(II1V\O7[J
MHOH#O"?26E?;PG\JGA+K989D9W*>J>)@M7TRBRN-M=E4OEE$@^PAE+3;.BZJ
M^L^.$A(>T%PNEJHLXUU4U=S"<CX=M70K.(]%1R.C3XPI0'(Y/14<(J+SG'K(
M&N<ZY?-$D'W:+Z,JLC=55=#Y)Q!'L(<*8Y0I$PB81,(F$7R]C2-<Q[6O8]JL
M>QZ(YKVN14<US514<UR+PJ+Z*F."$`@@C18_[M\6^B]\<8]IH=966!>56TUA
M2ZW+0CEY<<@JIT>OF&=^;I`#*OX_CZYE<;K74\5A#*E*'9+Q#[=1[B%@<WTS
MT3.>5N#&-A_%#P'V^%@?>"L9MC_CJU"4\C]3[%V&F145PP7U37["U'<\H/WX
M)M<>T?Y(JM>YJ>J^7X+F:?5N1%A?B0E_"3'[]RUO(_I]B2).+U"R'=*(G]VQ
M6DLOX[>QQ*3[/O>DSD1?[2V0[VJ5Z>YQR1(M;<H-?9_5Z*[]7Z?P_5E]#U9B
M%O,Q;![-I^\A8JS^G_4`_DYU,O;NC]PDI-__`,].Z/\`UGZO_P#OK:__`&*R
M7_U7T[_HW?"/_C4/_H'K'_U.-_BG_P#XU,Z_^.[L\BM^Z;MH4-ODY'+7OV&R
M5&<)XN:V12U*.<KO14Y1$3UY7\,CGZLPA\F-:?;M'Z2I*_Z?]2/^[FT#V;S]
M\8JZVO\`\<^O!<-^U=F75DWR12Q]?HH-*Y&>G(QS+*9?HYWHOZU`B>O]/IZV
M-OJVTOY&'$?Q2)^P"/WK*4?T^QPQRNI3D.R,1'[29?=[EDGIGQ(Z%TIXI$;2
M(VP3Q*BI/VZ0;87*J<*Q?MTM?L;',<G*.9$:_G\_1.,1D=>ZID.#DF$>R/A^
MT:_:MCP_2G0\,B4<(66#G8=_V'P_Y5D;'C@BA%&B@#&C@8T88\<;`A"-J<-&
M(0VM8-C4_!$1$3,029$F1<E;#&,8Q$8Q`B.`'!>V>+U,(F$3")A$PB81?__1
M[^,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A%AK\[KAU9T%
M-A(_P38MJUNG<WS5ON-`:3L'APCD]SAU&CN%Y_IYX].4V'TS7OZI&3?)"1_T
M_P"I:AZXN\OH4X/_`+EL(_!Y?Z5I*SHRXRF$3")A$PBJVFNX]=5JUXXQY]9L
M=-?UL2<`IZ^<V.*6"?$EC%PI5<18KVL>X8W"89%<KE8UT%E9G/1Q&4#$D<1P
M8C[?>RNJ;HUU,0#.-D9`$."S@@_Y>P,#W!3*5NXI=YIMVZECQ2ZR4)YC(TZU
MD/MCLVBQV,QB2;B?:R6%.ZP5JN<]ZJ17.7E%1K:(XQC7D5^82)\-!IX1'D!V
M*268)W8EWD@&LN6,CN.\SXR,CS_2OF)LU+309E?3UUF5EBV>LV7938OGYFUC
M8]=@#BQ(L-K0,C.V4QC.>4JF\1M:@O%SB)4V62C.R<7#,`#^U&1<D_N@#0-K
MQY(Y--,)UTUR(D[DD?L3@&`&C;R3J7T`;5YQ6=AQH\NQ/*A$:R3:T=R!S*_7
M[:5[M'!+";!]Z^KIC('OL(BAEB:YT14=_9,CN&QSQ"8PC&7",AQD/F+OX2'[
MP>/:%-7U",9V2E`L9QD-(R/A#-X@6?E(?+V%0,7<:H,^JOS0[-]U"_;H),./
M*%$IS"U^SKIJ2V>VCB*Z;%K&#=%>)1-DN=*]Q7>(FURQYF,ZA*/EG<QXGQ`A
MO<_%W;PMS4<<NH3JO,)><-@(!:/A(+^\`#:S.\GY*(J-TJ*2366`8UI.FU`8
M52!AOI(<.360-F%>#G/"PDQT2;(AB]ET9%,QDARR$.Y4\%ILQK+!.),1&1)Y
MDN8[6Y.'U?331N:JJS*J95V",I3@!$<`"!/<_-B1HVK'Q;CP4JJ=FKXFM6%1
M.#*E23&N3QVK%K3A<>WK8<`<D5J9C;FC-"/#0ITC.>RS'X`.C1L57R3IE*Z%
MD2`&';R)/#A)W8/\O$:J*K)KAC64S!,B9$:`_,`'W'Q1(9RVDPT9:#62;--B
MSK520B*:-%K:*I'(\2,9*6DHJVF+,"PK!&''F%@.*)I&,(T;T1[4=RB24QE&
M#2#$F1]CR);W/JH<F<9VO`O$1C%^W;$1?V%G#ZMQ4@R50)A$PB81,(F$3")A
M%T'_`!JMGW?0W5<TCE<X6HU]5RJ<*J47N4;>?1.>&UR>OY_CG*NL0%?5,Z(_
MZA/^+7]*[WZ<M-W0^ES/$5"/^'P_H5\,QJS281,(F$3")A$PB81,(F$3")A$
MPB81,(F$3")A$PB81,(O_]+OXPB81,(F$3")A$PB81,(F$3")A$PB81,(F$3
M")A$PB81,(F$6`'\B!B-ZKTR.CE0)>P`&>SA.'$!KE^P3N>.45C9#T_'C]7_
M`),VGTF!];D'GY7^J*T/U^3_`"S#B^AO'V0E^M:?\WY<F3")A$PB811E?76%
MM,!7U4"99SY+_;C0:^*>;,D/X5?`$:,PABOX3\&M5<IG.$(F<Y`1',E@JZZ[
M+9QKJ@96'@`"2?8!JO*3%DPI!HDR.>)*C$>&1&DB("0`PU5I!&"5K""(QR<*
MUR(J+GL9"0$HD&)YA4RC*$C"<2)`Z@Z$*X]_H$6EN[O7@S=DFV%&?:(YC/U(
M$2ME?M:!;S9DF)+79#E)$>E2K_-1(K(ZN+XJK/;=:591LKKM,8",A'\3D;B`
M'&WCKV\=.]9&_`C3?=CB=DIP,P^Q@=@D20=YT\/9PUY,9`?0]LCF#'+4.20:
MPB5;@,F5Y3PY\^.:9!CV@12WDJ%F0XQ3"=*0+"!"1[55@WJV495!!(LT8G@=
M0-"VFK%@6?4@<PH#@Y42(FKQ&0BSAP2'`.OA<`D;F<`G@"OAND;*Y3*D.*D8
M`(DHMDZXI64K8T^3)A1)#;Q]BVG>$TV&4".:=40XG#7A[5:CZFG3Q%R3HQ?3
M4Z,_`@\.&J\^BR"_@&T`%]T=K$D`[GVLX(X\01Q7P_2MG$&<4U42.^N=9I+A
M2)$./:M;2$(&Y,&F-(';2XU20)4DE"%X@>R7S<U!$\??J*28@3=V8ZMKPUX`
MGD"7+AN(7AP\D"9-1!CN<$@2\/S>$G<1'5R`0&+\"T;.T#9(Q[5`UTA\6ML-
MB@#?-?`KI\QVKO5;I(]26>65)E5<?Q++#&^H6,Q>7.5OZEICE4R$'F-Q$3HY
M`W<-6T!Y$LZDG@9$96M6=L93&K`G9\S1=R8C60#M]JE\O3MD@UTFUDUCAPX+
M83K%S94(LBK^Y*U*YMM!#)).JB3_`"Y"R0,3B(BJU%1KE2J.13*<81GXB[:'
M5N+'@6YLHY8F1"N5LJ_!%GU#Q?AN#O%^3@.J9R96R81,(F$3")A$PB81;UOA
M7)0_QQT02,5OT<G;8RJJ\^XKMQOIGFB<)XHB2T;QZ_T\_GG,_446ZODGM$3_
M`)(C]"[;Z-EN]/8(;@;!_P#$D?TK*G,(MH3")A$PB81,(F$3")A$PB81,(F$
M3")A$PB81,(F$3")A%__T^_C")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(
MF$3")A$PB818!?R'QR.ZHTZ4GC[0>PXL=_*KY^Y)UO8R#\4XX5OC$?SZ^B\9
MM/I,CZ[(CS-1^R4?UK1/7\2>EX<N0R`/C"?ZEI]S?ER5,(F$3")A%ES\/>X-
M"Z@WF]L-\"2+#O:059#V0$&18DI""F,DG$6+#&::L*R8UON/",I&O"Q/%6N<
MJ8'K_3\K/QJH8I>49.8NSZ-Q.CCO;B5M?I+J^#TG-OLS@T)P83`)VZN=`Y8\
MV!.@T5)?*;LW4.V>V)FTZ5#(&G'3UE0^Q/&?"D;!,@.E*2Y-%)P8*.`<<8:$
M1I%#&8KFM55:EQT3#R,'!C1DR>S<2SOM!;1_B?:2K7U/U+$ZKU2>5AP:G8(N
M0QD0_B;V$`/JP"MQ+[#F3=RV?:CQY)`;"F_H&G+:%*&L3>*;8*=B".^/X&2H
M9>^2<!%[R"\?[?ERV[CB1CCTT`AX;-6X[#$_;M[='YK'3ZA.>9DY4HG;9YOA
MW?+YD9QXM^'=V!V;1U,6]D0C6.PRK#6Q2XNP;12[(^*:7'ELA$IJ+;J>.SZ>
M96&@V1!2=H9+8D@2QW/B(,H2C*Y$H^CD(51A<TH0,79G>43R+CY6T+ZN""%(
M.HP-F1*S'!C9;&;."VV-D1H0QUGNU#>%B""5^[5V2'8:$5(.KEC>RLIZQ\^5
M.A.4C:>_VJ]9(9"KZFNBQF2';2X30,1&1Q@:B.)RJHHPS5:;#,?,2P!YQC'B
M23^%WYOR3*ZC'(H%(J(.R,7)'X9SD["(`?>S#@`-2H?;-]JMPG3K>RH9@K%7
M[4RI#'N6-KXT;9]CV'9A.G(RM#,FRZ>=LLA$5I!"E-02/8QHWL/51BSQXQKA
M:-GA?34F,8QTU8`B([2->T$>96=5F3LNLH(L\>UI:`3G.>NCDQ,SS`EHX`!$
MHRQ[2^X7Z7OV+V>+[L:[^E^Y^Y_^OVE;]+[_`-O9_P#9/N_U^']_C^D>4PPM
MM1J\W\-8=OV.?'G]G>JK.I^9D>?Y#?F6R9_^KR=OP]O/N4WV*ZUM==WFP:<$
MC8=^FT,M?H;84F*XZ6!;S8I0J@=;$DT\3[B-K4%-<,PW$08&G"U\C(ZJ[O.Q
MHLU-0D-1KP:.KD$MS&G,L=%-D78QQ\VP2!R+Y1.DG#ONF=K`Q#\I,0[1$@\E
M8W,DL(F$3")A$PB81,(F$6]OX81/I?CCH#E81A)A-KED:1%;_7N-^$+V-5K5
M09(P&.3\?+GE%X5,YGZAENZOE:Z#:/\`)']*[?Z/AM]/8!8N3,__`!)?H`64
MF81;,F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3"+__4[^,(F$3"
M)A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A%B#\Y*5]K\?KN6QCGKK
MU_K=TY&HBJUC[!*1[^.456L;=*J\(O"<JOHBJF?]-6;.JUQ?YXR'V/\`H6I^
MM:3;T&Z8'^W9"7V[?]2T?9TA<63")A$PB813.HI;C8+`%305-G>6LI5;&K*B
M!*LK"2YJ>3D!#A"-),J-3E?%J^F4665U0-EMD8P'$D@#XE254W9%D:J*I3M/
M`1!)/L`<J'GU\^JF2:ZSA2ZVPAE<"7!GQC0YD4[/ZPR8LA@S@*W\VN:BIGL9
MQG$3A(&!X$:@^]4SKG5.5=L#&P%B"&(]H.H5=6O6>PPY]A&KV!LH<2TMJB)+
M),JJR1;3:.OKK.SC5M5+L_KILJ+#MH[E$!#/=[K4;RY>,MJ\RJ48&6DB`2&)
M8$D!R`P!(.I;@KZWIN1"<XU@2@)2B"\09&($I`1)<D"0T#\0J>#J&QR#GCBK
M">Y&^W+(>\\04<([:`:UKSDEE.R*R*>JCDE^ZK_:9%$\SG-&QSDE-]0`)GH7
M[>18Z<7?1N+D#BH(XF1*4HBK4,^H8;AN!=V8Q!D_!@2=`HX6@[08G@.'`4;O
MM_LRW7^OCK9;[1]B*O#`M"6C:VPD2S5$H;1@*0GN1BLX\F.1*3E4@:R+ZZ;9
M.&9W#.&<:D<QVJH8.22PA%M&.Z+'<[-+<Q)VR#`DN".(4V7K#85C53HXVSYU
MY#HYE=#@'JS,$MY+M8@8=N8MI'-53D)5.\6."]%7R:]PU8J+1];5NFY:,3($
ME^0!<::C7M]CJ;^6Y&VK:-TYB)`!C^(R#2\0,3X>#>UF4C72-C1S.8T#V'UJ
M6S;#[]0?9_H%GK5>ZMU]S^T-(EBGL*)3H5"?I5O.2?4U=I=V;;)W9^#/PUX,
MH/HLC3PQV[=S[H[6?;\S[>.C.[\E*+JDM->L2U-S$="L`!AG+'<0)5:&PA1[
M&&1"1R%"YIX4L9$X<OH[UX7E,DKLA=`65R>!?["Q^T**ZFW'L-5T-M@`+>T`
MCAV@@J596HDPB81,(F$3")A$PBZ&?CM2NH.C>K*Y[/;(NF4UB4?"HK"W4=+H
MK'HJ(J$:2P5')_VN<Y1U:SS>I9LQP\PCX:?H7??3]/D=$Z960Q\F)_Q#=^E7
MFS'K,)A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB__5[^,(F$3"
M)A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A%;KMS4UWGK#?=2&/W9-
MWJUQ$KV>*/\`^]6PR'J'^/"^7MV81.X3A5X]%1?7+O`O^FS<6]](S!/L?7['
M6/ZMB_6]-SL4!Y3JD!_$SQ^UESC*BHJHJ*BHO"HOHJ*GXHJ?DJ9UQ?/2_,(F
M$3")A%EG\1.Z=-Z8W6]G[K"D?;MAI0U8KV##6=,IB`FLE.8^.QR'=73T1/>]
MII"(\(N&JG/&"Z]T[(ZCC51QY#?"3[26!T;XCD_:5M7I/K.'T?,OGF0/EV0V
M[@',6+\.+'FSG0:*E/E!VKK7</:DK:]3KC0J@%-6T@Y<N.V+-NRU[Y;WV\R.
MTA5$Y[)+8XD<OG]/''Y(UW+4GZ+@W=/P8T7S>PR)8:@.V@^#GO)5KZEZIC=7
MZI+*Q:S&H0$7(8R9_$1[V'<`J,D=H'/;U-LM.%KJK;]AVQH$FO5IB7]9K%8^
M"K_IT5C(S=::]"<*KE,J>*>/*W`P@*[*_,^:N,>'[)D7]^[[%9RZG*5M5ODC
MPVSGQX[HPBW#ELX]Z\ZWM"PK0ZT(,)0FIHEK76MC!L#PK2^ASZ6PUFO>^6P1
M$@V&M:W:GBUQD85H$<CE8]$<UWL\*,S<3)Q(@@$.(D$2.G,2D`9#1^U>5]3L
MKCC`08P$A(@D&0,3`:\C"$C&!U;L/!1T;M-HI"NE0=CLXR0ZJ"@[;<BW19D2
MOG7=B>%<1[ZDMM=L:V9)NW*T#:X"`437#5"%DOD4RPG'AE")<G2#,2`'&TB0
M(V\=Q=]=!$"N/4P)>*%DH[8CQ6;G`,B1(2C*!!,N&P,SC4R,OV%VND!M9]-K
M@1/@,IAO8RS)]&\=)9[%/B#B`?#)(BC46P*)R/,=W]E'<_J5$2P=V][M"_+7
M41!?77Y7X#BD.J"'E[<<`Q$>>GA,R&#./F;4G@ZA*#9:ZRH&ZA=I'BUT6J<(
M#GV)JTL^P38R6\<HK)M-<QZ\D6//D,5IPO"87DGDPOM<56TSA;]16YF9=CL-
MK<'#NPX%Q['5-&3791])<PK$=-6<[]PUVR`8$\0Q'864@[$MZB[VN5+H6JE/
M&K-:I8"^4E['@US6*?7O="^8"+-)',ZK5XG&$(SAN17L8[EJ28E=E=$8V_[A
ME(GA^*1ER<<]6)'8H.H75794IT?[0C"(X\(0C#F`6.W1P"W$`JB<N59)A$PB
M81,(F$3"*?ZI02=KVC7-7A<_5[%>U-'&5J>2M-:SP01OX_P8X_*_DB)D5]HH
MINNE\L(D_`.I\6B65DX^-#Y[)QB/;(@?I72O"AQZ^'$@1&(*+!C`AQAI^`X\
M83`A8GX>C!L1,X]*1G*4I'Q$NOHR$(UPA"(:,0`/8%$YXJDPB81,(F$3")A$
MPB81,(F$3")A$PB81,(F$3")A$PB81?_UN_C")A$PB81,(F$3")A$PB81,(F
M$3")A$PB81,(F$3")A$PB81,(N??Y+=?NZW[HW:B&!0U<VR)L=$B)P+[1?N=
M8`"#T3D-?(*6*G_$"^J_BO5.CY7UG3L:TEY@;9>V.GV\?>N#>H\#^7=8S*`&
MKE+?'^&6H;V%X^Y6(S)K!IA$PB813J@US8-KLP4NLTEKL%O)1R@K:>!)L9I&
M,1%(1(\492($35Y>]41C&^KE1/7([;JJ(&RZR,*QS)8?:IJ,>_*MC3C4RLM/
M`1!)^`4+:U-K16,NHNZV?3VL`J@G5EI$D0)\,R-:[VI,.4,4@!/%R+PYJ+PJ
M+^>50LA;"-E<Q*!X$%P?80J;:K:+)TW5RA;$L1($$>T'4*K;[7];HYNQ:[(L
M[(.P:V61#?,-&82HMKBND,AVM/'B@$Z;7##(:;Z:84I6R$$WW`Q_<Y';U6W6
M1IM$!Y4]6Y@'4%^!Y.&T?0EM;J_'QZ)Y&/*R0R*R0[>&4@6E$`:C5VD27;41
M?2#9H6TNF6L)]>,!*&ULJ6Z(:?7MCUD^GBV,ZT;(.V4]C@PXE3(>I1^8W^WX
ML5SWL:ZHY5&V$A-Q*((T.H)`'Q)&BH&#E;[8&MC"9C+4-$Q!,G+\`(G4.--'
M)"F*]:W_`-L#8#-4&>:VE5K8PKNG=Q'BZ[%VA]NIUL$$VL2FD^\\KN&B:U?-
M6KZ93]95O,")-M=V/[1BW#B^BD_EU_EBP&!)F0VZ/`0$]SO\NTN_+FO&'UMM
M4_\`N10U;X;Y='`C63[ZD!7SI>RON14(($D\\:2R6$C7Y@E1B+]*6.1LGV58
M_P`?99E$=)&6YB6VEP(MN?31MP/>"&=>0Z=E6:Q$=CQ`.Z(!,]VT`DZN82'[
MI!$F8J&+H6PA<JE97#C#;/\`K+!;:N6NKRU,BNB6D29-;(<!DV#(MXC7!:KR
M.64+P1_FWGT951X$OHP8N7!(('86.O<7X*DX.0.(CMU<[@PVD"0)=G!E'3CX
M@SNH6UTS8*2M=;6L:+$A?=I-&%ZVE6<LVPAP:FTDI7QXLPYY\$=;>PSI+$UT
M0@Y`U85WDB95#(JLGLA(F6T'@=`21JXT+Q(8ZZ'14VX>137YML0(;S$>*)<@
M1D6`))#2B=P\)!#%>L32-@FQHTB,&$0LME>8->ZUK0VBQ+6RBU%;-?`-*&<4
M:98S@L8KT:[P(TJH@7-(ODLFJ,B)$L'U8LX!)#MQ`!^[CHD<*^<8RB(N6(&X
M;FD1$%G=B2![WX:KU30=C61*B-'6/E1I\NI8`=Y3E?86]?&!*GU=0HYKAVTV
M(*2Q%2.I&O*YHAN>4@V/\^JI:,G.T@'@=`=`3IH"W/VG0%5?0Y&Z4&CN$C%M
MT=9``F,=?$0_)W+`.2`9WK_65I;PK6;(,`3J^GUNX%61)U2>X,'9]KU37ZKW
M8![&,2(.=%V9)`B/X8W@2%4;3C<L=N9"N4(@'64@Y!;PQE(ZL78Q;XL[%34=
M-LMA;.1`VPA)@8F1WSA&.A(9Q-P?8[."H:=UK=1(U3.235-AVE2:W(>5;U,8
M=6UNSW.KQH5D9)Q1!F2I=.KFISXIR]%5$`96>QS*Y&R.V6Z,FT!U\(DXTX`'
M^SAZ9].NA&J>Z.R4#)S*(V^.4`#KQ)C]_P"R6H*5%/"E284IGM28D@T60/R8
M_P!L\<CA%9YC<\;_``(Q4Y:JHOY*J9=1D)1C*)\)#JQE&4)2A(-(%C[0H?/5
M2F$6:7P6T!VV=RLV:0'SJ^OJN1<D<\:$"^YLAFJJ2,_G^@K?>D2QN_)\/-=]
M397D=/\`)!\=LF]PU/Z![UN/HC`.5U@9,A^5CQ,O[Q\,1]\A_"MUN<Z79$PB
M81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(O_]?OXPB81,(F$3")
MA$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3"+7U\^^JW;#IE/V=515+::4
M7[;>J(:.*75K,W]J016HXI&TUN]JHU/TL'+,1RHC5S:O2^=Y619A3EX+-8_Q
M#]8^T`+0O772SD8=74JH/;26E_`>?]V7P$B5J%S?5R=,(F$3"+*SXF=XZOTC
MN5[/VVLF2:K9*<%6ZTK`"E6%02-,;*8OTY"@4U?+_P"NC'*1'#&J-=PJ9@^N
M]-NZECU1HF!.$G8Z`Z-Q[1R]ZVCTKUK&Z+EWSRZR:K(".Z(<Q8OPTT/-M=!Q
M5+?)KMNC[G[/D;;KE5)K*>-35U%$?.&$-C:)7EF'=:3P@*<82D=-40V^X]R1
MPC\N'<M;/T;`MZ=A"BZ8E89&1;@';0?!_:2K7U)U6CK'4I96/48U"`B'XR9_
M$6?M8:\`/8K9VVUU]F:XM%UT#=@V`1&VD^3*9-KA2Y9`FLK:GJ2P6/KK2P,-
MZJ]\F0,/U!?8&)?:45["B<!7#S3Y4.`9BPX`E]0/8'8.3J^.MRJ[3=;].//L
M&I)<.>,HQ;21[R0'+`:-59^UA$FSY\>@EP)ESM-IN%M85^S3H-H.WMX%C#,F
MOSH<2.E-%A$LRDC-(.6]/)6'?(8O"0#!(C&)M!C&`@`8@A@0?$"=268\.T,5
M=2ZH#.RR-!C.=LK)$3(END"#M(`V@.2'$CRD9!0I^T$.D@3J%C(\D\KZAH9P
MHYID2TU,.IW3K!\:K#'DW4\,=DQ);0C8D[R*0)O+Q3T83;3YNH'9P(EN#:NP
MX,_RZ`A4RZGNW`T>$DOJS@PV2=H@&1;=N8>+4@J!9V*6+$J:N!5-'5T5QJ=K
M5AESGRYC&ZM.W*U2-*ECCQ`G^XV6[RR/<P(48UK&M;Z.<M1Q!*4YRGXY1D"P
M8>(0#@:\!`<RHQU`QA55"K\J$X2BY<^`V28E@[FR1X!M-%[4_9]E55DRF8*;
M'@6-ELEC--2W!Z:V\]@+J,IK(=@V/+'&^BDZ>%.7A*A0G*Q6M<K'L\LPH3G&
MQP9",0'#CP[AJ-.(F>88@'N55/4[*JITL17*4R=LC&7C\LZ%BS&L<BX)'81(
MMGW.5LT2/#D1E$.)>75R$I9TZQEJVVJ=5IAQ)$NP,>3)6)$U0/\`<<[E[B.]
M&M1K4EIQXTR,A+4Q`X`#0R+L.TR*@R<R>3",)18"<I#4D^*,(L27)80&O>5&
M1]UC#DU-Q(HFS=BJ`:W##8FL2-A?2ZL:L;6$96#BM>.R2IJ!07%60\*@5SD"
MAE0K:3CR,;*Q:U4C(LVKR=]>QR9<'?FVBJCF1$JK94;LB`@'?1H,VC<=L1%W
M9M6?51]5V=9UL!\+BU1H+BYO*P=;L=C3063+L45D@=O%A-0MK$C&@B*!K#17
MM=[B/<1CT:RF>%"<MWAUB(EX@EAV/P)<@Z'EP925=2LKKV>+2<I!IF(>3/N`
M^8`@$,8\W)!T]Z_LP=>299,UX9[ZRJ]3J9]@>T.Z$X&I7>IW,:1$KDC(6/.L
MW:A'9*>228:J0KA,$BM8VF>&9B,/-:J,I$!M?$)#4OP&\MH.3D\557U(5F=@
MQWOE&$2=Q9H2A($!M#+RQN<D:E@."1NS'!97\U]I$DPJ>?3.G46QEJ)1XLS;
MKO;?8>U]9/AG@D/?%#(CR`R!G007M]MS'>?IPWW>.)B9`M*+AQ$1[07\((((
M9SQ?1'J1`K_+D)1@8O&>TD&R5G800\B""""P.C:VZMIS;.TLK)D*'6LL+"9.
M975PDCU\!LN020V%!`GH&'%0G@)B>C6-1/RR[KCLA"&XE@`YXEN9[SS6/MF+
M;;+!`1$I$L-`'+L!V#@%+\J4:81;T_AWU8[K7I^LE6,9P-CWA[-JN6D;XFC1
M9(FLH:YW*(]J1JKP,]CD1PY$DK5_#.:>H,WZSJ$XP+TU>$>T?,?CIW@!=M](
M]+_EO2:Y61;(N\<NX'Y1[HZ]Q)65F8-;0F$3")A$PB81,(F$3")A$PB81,(F
M$3")A$PB81,(F$3")A%__]#OXPB81,(F$3")A$PB81,(F$3")A$PB81,(F$3
M")A$PB81,(F$3"*7VU7`O*NQI;6*.;5V\&766,,R<BE09P"1I4<B)PJL,`KF
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M8J+_`.3.G0G"R$+*Y`PD'!',%<.MJLILG3;`QMB2"#Q!'$*`RI4)A$PB81,(
MF$3")A$PB81,(F$3")A$PBJW1M(V/L7::G4-5@$L+BXDM"%C4<@8P45%DSYI
M4:Y(T"$'DAB+Z-8U?Q7A%@R<FG$IGD7S:N(_L!VD\E=86%D=0RJL3%ANNF?A
MVD]@'$E=`73W5=#T[HM5IE&UI71VK*N;11-'(N[N0UGUUE(1.51'JQ!B8JN]
MH`V,Y7QY7EG4,ZWJ&3/(MYZ`=@Y#]?:7*[QTCI='2,&K#IU;64N<I'B3]P[`
M`%=#+)9-,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A%_]+O
MXPB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PBPF^5G
MQ9C]LPS[QI80Q.QZZ(UIXJN8&+N$**/@4&2]ZM%'NHXF^,60Y4:]J($JHSVR
M!V/H?6S@2&-DE\,GCS@3S]G:/>.8.F^J/3$>JPEFX8`ZA$:CE8!R/9(<CSX'
M1B-,4V%,K9DJOL(LB#/@R#1)L*6$D>5$E1R.$>-)`5K"A.$K%:]CD1S7(J*G
M.=#C*,XQG"0,2'!'`A<>G"=<Y5V1,9Q+$'0@CB"%#9ZJ4PB81,(F$3")A$PB
M81,(F$3")A%/M9UB_P!RO:[6M8JI=U=VLAL>#7PAJ0I'N_J(]R\#CQ@,Y>4I
M'-$(:*][FM152*ZZK'JG==,1KB-2?[?`<3R4^-C7YE]>-C5&=TBP`_MH!S)T
M`U*WD_&WXZTW1FN.++6+;;[=A&NQ7HQHHXH_T$2AIB$8TPZJ,5J*]ZHU\HJ>
MX]$:T0Q\VZQU:SJ=S1>.+$^&/;^\>_[AH.9/:_3OI^GHF.\FGG3'CEV?NQ_=
M'^8ZGD!DQF&6QIA$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,
M(F$7_]/OXPB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A
M$PB818F?(KXJ:QW4`VP4[X^L]B@CHP%T@W?;KU@6\`A;''"U7O5K4\!S!M60
M%JHCD,QC!IG>D]<NZ<158#/$)X<X]\?U<#W'5:KZ@]+XW68F^DBOJ`&DN4FX
M"8^P2&H[P`%IFWKK[<.M;Z1K>Z4<RDM`*YPVR&>4:='1[F-FULT?E%L(1'-7
MQ*)SF\HJ+PY%1.A8V5CYE0NQ[1*!^([B.(/<5R#.P,OIU\L?,H,+1V\".T'@
M1WA49EPK-,(F$3")A$PB81,(F$3")A%=;JCIG?.Y+Q*?3:EYHX7L2VOIB$CT
M5()_JA+">@WM0SVHJC`-'R"\+X,5$<J6.=U'%Z?5YF19J>$1\Q]@_3P':LIT
MOH^=U>[R<.IXCYI'2,?:?N`U/(+=9T5\>M,Z,IO:J1I;;5/`T=[MLP#&SIO*
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MX]%XX7\LVBNVNZ`LJLC*!Y@N/B%HUU%V-9*K(IE"T<1($'X%2G*U$F$3")A$
MPB81,(JGU32MMWJS;3Z?KMOL=BY6>4:IA&E^PUZJC32RL;[$*/RU>2&<P:<+
MRJ<9#?D48T/,R+HPAWEOAV^Y7.+AY>=8*<3'G99V1#M[>0'>6"V)=/\`P`.Y
M\6Z[EMF"$G@7]EZ[*\S/7T7V;K81+[8D145KQ0?-7(J*V2U4XS4^H>J0TJ^G
MPU_;D/NC^F7P70.D^A)$QNZQ:P_Z<#_S3_1%^Z2V4ZWK.O:?3Q-?U>FKZ&E@
MM5L6NK(PXL8:N7DA'-&B*4YG?J(1ZN(1ZJYSE557-/NNMR+)6WV&5AXDEUT7
M'QL?$IA1C4QA3'@`&'_M[3Q*GN1*=,(F$3")A$PB81,(F$3")A$PB81,(F$3
M")A$PB81,(F$3")A$PB81,(O_]7OXPB81,(F$3")A$PB81,(F$3")A$PB81,
M(F$3")A$PB81,(F$3")A$PB81,(F$3"*U7:_^SGV/_\`N+]D?:/`OTW[O^V^
M]Y>/]S[/]5_WA]9X_A])_>_PR^P?YAYG_P"/\SS/W'^UM&]NBQ?5/Y1Y'_Y?
MR?)Y>8W^5]7_`(=5K,W;3O@C>%.?5.W=AT>2YST9&CZQO.Q4@G?ARR+9ZRMD
M]J.3E.)_CPOIZ<<;CC9'J:H`7X$+1V[H1/V2;_*N;YF)Z'N,I8O5K*)=@A9.
M/P,'_P`RQLV'KWK6$XCM9[[T^_`U?TI9Z9VGKTTJ*J)^F.+3+R(UR<\JCI*)
MPGHJKZ9F*LO,DWG=+LB>Z=<A_P`X/V+7<C`Z=`DXW7:;(]]=T#\/+D/M5K)\
M*-#=XQ[>NM4\D3S@"MAM5%9Y*_BSJZY_BUWZ5].>?P14]<O8RE+C68^UOT$K
M&60C#Y;HR]F[_5$*796HU.*RLA3W,;*V*GI4<O#GV8-@*T?]QK.7I3T5L]4\
M5\_TH[]*+_FX18YSE'Y:I2]FW],@IJZH3;=D0A[1/_3&2N[KG7'44IXW;9\B
M-8IA*B.(RAT#M'83HG/*BYG:IK@6O\?17(Y[6K^'DGXV%V7GQ?R.DSD?WIUQ
M^Z4EE<?IW29$?5>H*H#]VJZ9^V$%E!H>M?`*BD1EN>Q;C=[!Y!HU=DJ-WJ*5
MAD7A'?35VL5(1@55Y<DN28?IZKQZ9A<J[U3:#Y>)&N'[I@3]LC]@"V;!QO0E
M$H^=U"=UC_CC9&/P$(AOXB0MG&B?L']O1?\`;;]J?M?_`.B_L[[7]G\_%OEQ
M]H_TWU'CQY\_KY_J]<TW*^J\V7UF_P`_GO=_MU72,'Z#Z>/\N\KZ;EY>W;_E
MT?[5666ZO$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")
)A$PB81,(O__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>27
<FILENAME>g36434g94f09.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g94f09.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0KD4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````>P```(0````&`&<`.0`T
M`&8`,``Y`````0`````````````````````````!``````````````"$````
M>P`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"$<````!````<````&@`
M``%0``"(@```""L`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!H`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U5)8HZAF.:YS'EPEYJ]@!=8WT_3QGMV[JJKW.M]+?^L>FSU/63OS<
MW>W:]QK%C#9#`'$GU1;AU`U/_F]M+OTGZ39_VI24[*2A98RIALL<&L;J25B9
MO4+<HEHEE/9G<_\`&?\`D$S)D$!KJ>R^&,S/8=V_D]6QZB6U?IGCP^B/[?\`
MY%4+>J9MG#Q6WP8/^_.ERJ)*K++.76O)LQQ0CTOS9.MM?]-[G?UG$_E6;U3^
M=J_J'_JEH+/ZI_.U?U#_`-4J^;Y#]&;%\P:]>5EU?S5]M?\`5>X#_-!VK0QO
MK+U2@@6.;DL'(>`UW_;E>W_J%E)*".6</ED1]6:6.$OFB#]'LNG_`%@P<US:
MG$T7NT%;^"?^#L^B_P#ZM:B\Y(!$'4>"V>D?6&[$+:,QQMQN!89+Z_\`OUE?
M_@BNX.>LB.7_`!Q_W34S<G7JQ_XG_>O6I*+'LL8U['!S'`%KAJ"#P0I*^TG_
MT/54Q(`DZ`<E.L[K&3LJ%#3[K?I>31_Y--G(1B2>BZ$3*0`ZM'/S795L-/Z%
MA]@\?^$/_?55225&4C(DGJW0`!0Z*22204I9_5/YVK^H?^J6@L_JG\[5_4/_
M`%2CS?(?HR8OF#221*:?5<X%[:F,:7OL?,!H_DLE]C_W:V*PSIKW/#3=6UKW
M5UTV$/(L=<WU:`UK6;Z]S/S[56$)'8,QD!N6FDK1Z?>*J["0-\;A#H8'-?8U
M[K8]*SV4V>IZ+W^FJO.H2,2-Q200=B[/U>ZN<2YN'>[]5M,,)_P;S_Z+L=_T
MUUJ\Y(!!!X/*[+ZO=0.;@AECMU^/[+">2/\`!V?VF_\`35_D<Y/ZJ1\8?]ZT
MN<PC^<C_`(?_`'S_`/_1]57.YUWK9=CNP.QOP;I_U2Z![MC'//YH)^Y<P"2`
M3R=3\2J_,G2(^K/RXUD?HI)))5FPI))))2EG]4_G:OZA_P"J6@L_JG\[5_4/
M_5*/-\A^C)B^8(,5^-7:7Y##8T-.P`!P#S]%[F6>RS9^XK=/4F5V/?ZN3N=:
MV]UPV>I9M;L^SW_F^C_H]OZ/_@EG)*O')*.W35F,`=VSCY-53]SJY8Y[B:1J
MQE;CO].IKO;_`#GI_P#6Z/3?_.H>18RRXOK$-(:)(:TN(:&OM=77^CK=:\>I
MLK0DD#(D</2[5PB[4M3ZMY7H=48PGV9#36?ZP_25_P#4N:LM%QK/2RJ;?]'8
MQ_R:X.*..7!.,NQ!1DCQ0E'N"__2]0RI^RW1SL=^0KFQPNGL;O8YG[P(^]<N
M)``/(T/Q"K<SO'ZMCE]I?1=)))5V=22222E*MF8C\AS7-<&EK=L$'77<K*2$
MHB0HI!(-ARGX&4W\P.'BT@_^1<@O8]AA[2T^#@0MM*3$=O!1'EX]"1^+(,QZ
MAPDELOQL=_TJFD^($'_HH+^FXY^B7,^<C_I)AP2Z$%>,L>MAS$E==TRT?0L:
M[X@M/_?E"GI^2<FFMU9+7V,:2(<`"X!QT_DIGMSNN$IXX]P__]/U5<[G4^CE
MV-[$[V_!VO\`U2Z)9_6,;U*1>T2ZKZ4=V'G_`#/I*+/'BA?[NK+AE4J_>T<9
M)))4VTI))))2DDDDE*22224I))))2E<Z53ZF8''Z-0+C\3[6JGQJ5N],Q31C
MR\199[G#P'YK5+ACQ3'8:K,LN&!\='__U/54Q`(@Z@ITDE.!U#".+;+1^A>?
M8?`_Z,_]\55=/96RUAKL`<QP@@K#S>G6XTO;-E/[W=O]?_R:J9<1CZH_+_T6
MUBR\6DOF_P"DU$DDE"RJ22224I))))2DDN-2K^%TM]Q%EX+*NS>'._\`(,3H
MQ,C0")2$196Z9@FYXOL'Z%A]H/YSA_WQJVTS6M:T-:(:!``X`3JYC@("A]6I
M.9F;^Q__U?54E\JI)*?JI)?*J22GZ<R>DX]Q+J_T+SSM^B?['_D5GV]+S*^&
M"P>+#_WUT+YS25;)[-^/]1L8_=^G]9^@W56L^FQS?ZS2/RJ*^?DE`:Z,X\7Z
M$;3<_P"A6]WP:2K-/2<NSZ8%3?%QD_YK5\Y))T/;_2M;+C_1I^GL7IF/CD//
MZ2P<.=V_JM_-5Q?*J2N0X*]%5X-2?%?JN_%^JDE\JI)RU__9`#A"24T$(0``
M````50````$!````#P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<```
M`!,`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'``(``V`"X`,`````$`
M.$))300&```````'``@``0`!`0#_[@`.061O8F4`9$`````!_]L`A``!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`@("`@("
M`@("`@(#`P,#`P,#`P,#`0$!`0$!`0$!`0$"`@$"`@,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P/_P``1"`![`(0#
M`1$``A$!`Q$!_]T`!``1_\0`O``!``(#`0$``P````````````@)!@<*!00!
M`@,!`0`"`P$!`0$````````````'"`0%!@$#`@D0```%`P,!!0,*!0('````
M``$"`P0%`!$&$A,'(3$4%18(02(746$R(S,DA;8W&$)2)34)D31B<D-C<T09
M$0`!`P(#`P8)"00*`P`````!``(#$002!08A,1-!46$B%`=Q@9&A,D)B@A52
M<I(C@[,6-A?PL:)3X;+",V-S)#0E",%$&/_:``P#`0`"$0,1`#\`[^*(E$2B
M)1%^ISE3*8YS%(0A1.<YQ`I2%*`B8QC"(`4I0"XB/0`KPD-!<XT`7H!<0`*D
MJ-W('JAX[PPZS&)44S.82N4S>%72+%(J%$`$CJ<.55OV7_VY'(@(6,!:C_/.
M\C(<H+X;5QN[L<D9&`'F,FT?1#^FB[S).[S/,U#)KEHM+4\L@.,CHCV'Z19T
M542<I]5_*<\91.)<1N)LS>Z5.)9)N7HI]>BLA)@\/N7'Z:)$!Z!8`ZWBW,N\
M[4MZ7-M9([6(\C&@NITN?BV]+0U29EW=MIRS#77+)+F7G>XAM>AK,.SH<7+2
M,MG>:SQC&F<NR23U#<2/9J1<)![P&`"(J.!13*!@`0`I0`!"N.NLZSB])-WF
MEQ)7Y4CR/(30>)==;9-E-F`+3++>/YL;0?+2I\:C[S@(CQ?E`B-Q'P41$>HB
M(Y#$]1J/-??E/-OLOOHUVVD/S#E_VGW3U`V,FIB%5%Q#2TG$KB)1%:,?NF"H
MB0#E*(J-54CB)2JF`.O0##\HU7>VO;RR>9+.[EADYV.<T\O*TCG/E*F6XM+6
M[;@NK:.5G,]H</(0>8>12#PKUA>IC`5DE(/F+,7B"1B_<,H?AF4>9(!N9`K7
M*TY@C=)0+@(H[1RWN4Q36$)`R7O@[R\A>QUCK"\>P>K.[M#*<V&<24!]FA'(
M0=JXG-NZ[0&=,<V\TM:M>?6A;P'5YZPEE2/:J.<$;%/7B;_*[+MU6\=S5@#6
M0:B)$U,GP`YF3](H"4HJNL9F':S-\H<!$QS(OFA2VL5(;])YTG_VKNXW1V^M
M,@9)%L!FM>JX=+H9'%KCRDMD8!R,-=D,:E_ZW6SVOGTGG3F2?RKGK-/0)6-#
MFCD`=&_I<%:WQ1SCQ7S=#C,\:9C%Y$1%-,\A&IJ&:3T.*G0"2\$\*A*,`%0!
M*50Z6RJ)1%,YR]:M5I37&EM;6?;--9Q%<-`!>P'#+'7^9$ZCV;=@);A=0X21
MM5;]2:0U'I&Z[+G^5R0$DX7TQ1OI\B1M6.V;2`<0]8`[%MBNL7-)1$HB41?_
MT.V`GJ!E7.2/L'9\?D3S5Q+8LPQF(E,N;,V9TLJQOD;,F;?/'S"$EWN!Y,WQ
M/BU^_5C",Y0Y$9"*U*E%VN#(O:+&%O5K'J8<3D2*P.7D<-E8%]Y45&2*&23V
M>L^)77,1,/4QR.BY;N4<Y@F2\<622<NU?&FRJ/<A;;#M<E%(CCK+5LXQ"+R1
MTA#LWKQ63;/X^$DYJ5:1CV,E7L8YC'"^28I@V0M)B/59BD_9OHEBZ8/2JME$
M]20F,7B_MG&=XUQY!KS^3/RM&J=R-FY-*CZ2<V]QG'-=13N'!Q'KV$(6YCF*
M0!,&ISG.LOR&R??9C.&QC<-[GGY+1RGS`;20*E;3*,FS#/+QEEE\.*0[SN:T
M?*<>0><G8`30*L?E?U`9AR8LX8)+*X_B8F,1*!8KF`SQ+5<IYMV3;/(*&L`[
M=BMR"`6()@UC734^N<UU$]\#7F#*^2-I](?XCMF(]'HCD%=IL'IO1.5Z?:R9
MS!/F7+(X>B?\,>J.GTCSTV#0U<2NR2B)1%JCF_\`2_)_P7\PQ-<=K[\IYM]E
M]]&NETC^8<O^T^Z>J^ZK>IL2B)1%D6*9=D^#3S#)\.GY7&L@C%=UC+PSU=B]
M0'L.GNH'**C=<ER*I'U)*IB)#E,41`=CE6;YID=_!F>3W\MMF$1JV2-Q:X<X
MJ-X.YS35KA4.!!(6#F669?G%G-E^:64=Q8R"CF/:'-/B.XC>"*$':""*J\7T
ME?Y%HKD%>,X[YT5C\<S5R9%E"YPDFE'XSE#DVE))I,HETML<G71A`2G+HCW)
MQ$I0;&VDE+O]TW_8FTU`^UT]KE\=MG3J-CN0`R&=VX-D&Z&5W(12)YJ!PSA:
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M!YS0#:0%5GR1R1D7)V1+3T\MI3+K1BHI$YA8P[$3:BM6I36U*&L`JJB`'6.%
MQL`%*6K.H-07^H[]][>OHT;&,'HL;S#I^4[>X]%`+-Y#D-CIZQ9963-N][SZ
M3W<Y_P#`W-'C)U_6C6Z2B)1$HBU1S?\`I?D_X+^88FN.U]^4\V^R^^C72Z1_
M,.7_`&GW3U7W5;U-B41*(E$2B*Z3_']ZUW3QS"\!\N2PKJK`A%\:9=(K7755
M*&VTPN;=K&^N45`"IQ:QQUF/9J(F$R`!<_N![ZI9I++06K;O$\T99W#SM)W-
MMI''>3L$#CM)I$228PJH=]?=+'%'=ZTTQ;86BK[N%HV`;W3QM&X#?,T;`*R"
M@#RKF:N2JJ)1%__2[^*(@B``(B-@#J(CT``#VC1%4]ZA^6%.2<O49QK@QL2Q
MM5=E#$(801D'`&VWLV8O35WLY-*%^I6Y2C8ICG`:Q:\U.[4&:NBMY#\+MR6Q
M\SCN=)[VYO,T#<259/0^FFY#E;9;AG_)S@.?SM&]L?N[W<[B=X`4?JX5=LE$
M2B)1$HBU1S?^E^3_`(+^88FN.U]^4\V^R^^C72Z1_,.7_:?=/5?=5O4V)1$H
MB41*(OV(<Z1R*)G,FHF8ITU"&$AR'((&(<ARB!BF*8+@(=0&O6N<UP<TD.!J
M"-X*\(#@6N`+2-H72OZ$O4L?G[B[PW)WQ5^2\`!I$90=0Y0<ST<HF8L+E>B]
MSJ2":)T78AV/$3G$"%53+7])^XKO*=K[2_9LSG#M2Y?ACGKOE81]7/3G>`6R
M?XC2:`/:%07OCT`-%:B[1E\-,@O<3X:;HW`_60^!I(<SV'`;2UQ4Y*G!1`O_
MT^_BB*/?J7ST^$\;/6S%<49G*U#0$>=,XD60;+)&/+/4Q+8Q128@*0&`0,11
M<A@[*X3O#SLY/IZ:.%]+NY/";3>`1UW#P-V5Y"X%=OH#)1F^?Q23,K:6PXCJ
M[B0>HT^%VVG*&D*J&JQJR241*(E$2B)1%JCF_P#2_)_P7\PQ-<=K[\IYM]E]
M]&NETC^8<O\`M/NGJONJWJ;%+3C;%>,LGQ-8K[`URXY"X'DTER1S9-2^11+G
M%<_*RR1]B<!B+5"=0PV61>*(1;8D8O'O96345<&2.@0"F2EG3>5:9S/*7B?(
M7?#H;"9]YF4DDT9@NL,SH(K=HE%O('$0,$+HI)YBZ0L=&T`MC3/LRU!E^9-,
M6<CM\U[$VUL(V1/$UMBB;-),3&9V%H,SS*V6.&(!@<'FH=F[GA+"T>*E9,^+
M092H\$8_RB7*F^:2*O,ALIDWL0+YNYXJ4R`42<=)(O%]E^,`@W-&E3?>*FU;
M8[N3163,TJZZ.5P4;D45[QQ<O.8<=[H\0-B9:=D`<[#+V5K#"&S]K-<)U$>K
M<U?J-MNW,9JG.9+3@F!HL>"QK\)%YPJ]J):W%'VESA+BA[,*8ECN2\>\59$Z
M;NN+HF/R$D4^R)!ECV$+\AS+O,(R2+&M^(F.1%R%;O[7D6<=$E'DXRBA9H)1
M46X.BDU4*3<UV9Z?TKF$L<NE[2.X$4DP;%;&[D=<,?@%@V;BG$V[E<)Y+F.#
MAM;!!(YC(G!N+.R_.]1V,;X]17,D!D9$72W`MF"![<1O71<(83:QC@LMY)L;
MC-,P.=("<,29J$F,<E'L'D$5(0DS&K"VD(J59N&$@R7`I3;3IHZ3271.)#`8
M`,4+E$!#H(5$U[97F774]CF%K)!>1NH]CVECVGF<UP!!\(W*3+2[M;^VAO+*
MX9-:R"K7L<'-<.<.%05YE8JR%);TD<V+\#\XXEEZK@R6-2+@N+YLD)]**N*S
M:[=%ZZ5"X:C0CE-&03"X:E&H%$0*8:DKNEUK)H37&4YN^2F6R.X%R*[#!(0'
M./\`EN#91SE@%:$K@.\W23-9:0S/*VLK?QMXUN>431@EH'^8"Z,\P>3O`75)
MNI[>]N$V=&[NZR[>WIU;FN^G1IZWO:U?U,Q-PX\0P4K7DISUYE_.7"[%@PG%
M6E.6O,O_U._BB*LGU=Y2>8Y(:XZF<!:8E$-T!(`Z@"2F2)23Q3ML&ID9H00[
M0%/J/L"NG>IF1N]01V#7?56L0%/;DH]Q^C@'B5@N['+A:Y#)?.;];<RDU]AE
M6-'TL9\:BG49J1THB41*(E$2B+5'-_Z7Y/\`@OYAB:X[7WY3S;[+[Z-=+I'\
MPY?]I]T]5]U6]38M\N^:(>5P?$L'FN+,:DF>&0;F)AG09+R!'%*^?.7CY_D:
M\/&92T@EI]\]>B=9<6PF4(FFD:Z29"%[R;6EG=9'E.1WNEK:6&R@='&[C7;.
MLXN<Z8QLG;$97.=5SBRI`:T]5K0.,BTI=6^;YGF]IJ.XCENY@]XX5L[JM#6M
MB#WPND$;6MHUN/82YPZSB3]3GG]XX8.W8X5CJ?(,AQRGQ3(<@D>3W?'6')XL
MWP8YC0!I(T$7(G.&-2QBKP$]LS:YRH%<COU]9-?S2033?!;<:@DRX6+[O%+B
M=;B`6W]UCX7&-NT0NDI0LVA@D^L7SCT5%'-%%\6G.2,OS>-ML,>$3F8W']Y@
MXG"$Y,H96N+87F/J+#L.Y0=X82):,X=J\B4VF8-,FBW;MVDGE*>;0+_$I;?=
M,1:NH\6>+/1;L1(90S1<ZZQ1$KE5(=-D^IY<F%I%#9L?:!EPV9CG.`G%S$Z"
M2KFX7,PP.P14)+'%[P2)',6US33T>:FYEENG,N2Z!T3VAI,)MY&S,H'8@[%,
MW%)4`/:&-(!C:Y8_GF8K9SD)IL\:TAFK>(Q['HB(8JNG"$9!8K`QV-P;+OCY
M5=\^70BXM(%5U3B=534:Q2B!"X&?9P_/,P-Z;9D,388HHXVEQ#(H(F0Q-Q.)
M<XAC&XG.-7&IV"@&;DV5LR>Q%H+ATLCI997O<`"^2:1TLCL+0&M!>\T:!0"@
MVFI.&UIEM4HBOW_<@Y_^;/Q`[Z;S=Y-^$>[OCW[S%W_R)XGO]OB7@']7OVZO
MGJ_'ZCR__-_X@XW_`"_8^P5KUN-B[+CK\OA?7^%4M_`<?Z]?!.#_`,9VKMM*
M=7A8>T8*?)XGU/\`0O_5[^*(J7>5I8TYR7G<F)]PB^532;<]RC=FT?+,V(7(
M8Q!TLVY`Z"(=.@U434]T;W46=7!-0ZYD`^:UQ:W^$!6OTW;"SR#)K<"A%M&3
M\YS0YW\1*U_6C6Z2B)1$HB41*(M4<W_I?D_X+^88FN.U]^4\V^R^^C72Z1_,
M.7_:?=/5?=5O4V)1$HB41*(E$2B*0?Q'=?M9^%.^KL_';SKM[@VV/(GA/=[6
MOW?O7UNC5HW?>TZNM2#^(Y?TM_"O$.#X[VFE>3LO#IX,76INQ;:5VKB/@,?Z
MB_B3`,?P;@5Z>T8Z^&FRN^FRM-B__];OXHBHOFE3KS$LLJ;4HM)OU5#6`NHZ
MCI4YS6*`%"YA[```JF%XYS[NZ>XU<9'$^$N*N#:-#+6V8T=41M`\0"\VL=9"
M41*(E$2B)1%K_E&"D\EP2=A(9`KJ2>A&BV0,LBW!06LO'O%0WG"B2)!!!N80
MU&`!$+5S>K<ON\UT]F%A8QX[I^#"*@5PR,<=I(`V`[RMWIV\M\OSFSN[I^&!
MF.IH32K'-&P`G>1N"@K*\>YO"ZAD<7F44R7UKI,U'C4MNHZG;('#8.G_`!]:
MK[>:;SZPJ;K*9VM&\AI<WZ3<3?.IBML[RB[IP,QB+CR%P:?HNH?,L/$!*(E,
M`E,41`Q1`0$!`;"`@/4!`:TI!!((VK:`@@$'8OQ7B)1$HB41*(E$7__7[^*(
MJ0\U8&BLRRV,,4"&CLFG6(D*4"E*+64=(6*4!$"E#1T`!$+53G.(#;9MFEN1
M0QW$C?(]P5N<IF%SE667`-0^WC=Y6`K&:URV"41*(E$2B)1$HB41>-*8[`38
M"$Q"Q4G<-.I\P:N5"A:P:%%DCJ$$`#H("`A[*P;O+,NOP1>V$,OSV-<?$2*C
MQ++M[Z]M/]K=R1_-<0/(#1:VE>">.I+49*,=Q*A[W5BI!PG81]I4'@O6A-/L
M`J8!\U<O=]WVF+JI9:/A<>6-Y'F=B:/$*+?6VL<]MZ!UPV5HY'M'[VX3YUK:
M5],Z8@<\)E)RC<=#>58`<!#V:WC18EA#YD!O\U<M>=U;=KK#-ST-D9_::1_4
M6_MM?G8+O+AX6._LN']I:UE>!>1(W49NQ83"9;^_&2".K2'8((OP8+&$?D*4
MPURUYW=ZFM:F.WCG:.6-X_<_`?("M];:SR.>@?,^)WMM/[VXAY2%K>5Q;)8,
M3!+P,O'%+U%1W'N4D!#^8C@R>PH7YRF$*Y>[RC-+`GMN731`<KF.`\1I0^(K
M?VV8V%W3LM[%(>9K@3Y*U'D7@UKEF+,O)[SX?>?[*^'^<O)^K1]3WSP3QJVO
M3]KL>R_9[*W/P>;\/_']O9^V=GZ,7#XF_GHM5\4B^-_!=G&[+Q^G#Q.'Y*K_
MT._BB*I?U+X\;'^8,D$""1M.E99"T$0MK+(-RD>'#V"'BK9P%_F^6]5>[P[`
MV.J\P-*1S896^\.M_&'*RV@+X7NE[`5K)#BB/NGJ_P`!:M"UQ*[-*(E$2B)1
M$HB41*(E$2B)1$HB_';T'J`]H5XO5BDK@N&S>H9/&89RH>^I?N*"+H=7;][;
ME2<@(_\`/VUJ+O3^1W]3=Y5`]QY<`#OI"CO.ME;9QFMI3L^82M:.3$2/HFH\
MRE1^V'!_V7]U\NJ=W^('Q8[GXA)=YU[7DK7WOO7?>X^`?7[6[HM]9].I'_2_
M3_Z/]G^&G@_$.W8<;ZUIV>N+%BP\+K8<5/6WJ.?U"S?]5^)VX8^Q=CQ86TW\
M?T:8<7$ZM:5]7<O_T>_BB*&'K&PI21QR"SAFEJ5QUR>*EA(%S>%RJB?<W"@V
M^S:21`3#KVNO](C[V,G=<6%EG,3:N@=@?\QY&$GH:_9[ZE;NLS807]YD\KNK
M.W&SY[`<0'2YFWW%794"*<THB41*(E$2B)1$HB41*(E$2B)1%[N,8^^RO(87
M&XPNI]-R+6.0'28Y4A<JE(=PJ!>H(-4A,HH/\)"B/LK,RZQFS._M,OMQ]=-(
MUHZ*G>>@#:>@%8>87L.6V-W?W!^IAC+CTT&X=).P=)"N?\IQ'D_R1L_T/R[Y
M9V;!?PWP[PRW_D[O[>W5U[:MU\+M?A7P;!_H^S\&GL8,'EIYU5+XE=?%/B^/
M_6<?BU]K%C\E?,O_TN_BB+R)^#C\EA)7'Y5'?CIA@YCW:?35LN4C)B=,P@.A
M9(1`Y#=I#E`0ZA6+?6<&86=S8W+<5O*PM<.@BFSI&\'D.U95E>3V%W;7MLZD
M\3PYIZ0:[><'<1RC8J9,]PR4X_RR8Q66*._&N1!!R!1*D_8*ANL7Z%^@I.FQ
MBFL`B)#ZB#[Q1`*CYWE%SD>9W6670Z\;MAY'-.UKAT$;>@U!V@JU>39K;YWE
MMKF5L>I(W:.5KAL<T](/E%"-A"P^M4MHE$2B)1$HB41*(E$2B)1$HB413Q](
M7&2A3/.3Y9N)2F(YB<6(J3J8##M2TNF(]0+8#-$S!VW6`?X1&;.ZO3C@9=1W
M3-E"R&OD>\>=@]_H4-=Y^H&D1:>MG[:A\U/*QA_KGW.E3QJ:U#:__]/OXHB4
M11Y]0?#1.3\>+(Q":2>90"*IXI0VE/Q5E<55X1PL-M.X81.V,;W4UA$!$I5#
MF#@]=:2;J.P$]JT#-H`<!W8V[S&3YV$[`[9L#B5W&B-5.T]>F"Z<3E4Q&,;\
M#MPD`\SP-I;MVEH"JJ=-7+)RX9O&ZS5VU65;NFKA(Z+ANX1.*:R"Z*@%4252
M4*)3%,`"`A8:K/)')#(^&9A;*TD$$4((V$$':"#O"L=')'+&R6)X=$X`@@U!
M!V@@C801N*_A7X7[2B)1$HB41*(E$2B)1$HBW+PKQ%)<K9*1L(+M,8C%$E\B
MEB%L*:`B)B1S(Y@$AI)^!1*2X""1-2A@,!0*;K=(:5N-3Y@(R'-RZ,@RO'(.
M1K>3&[</DBKB#2AY75FI[?3=@9`0[,)`1$SG/RG>PW>><T:"*U%N$;&L8>/9
M148U191T<U19LFB!="+9LW3*DBBF7J.DA"@'6XCVCUJTEO;PVD$-M;1!EO&T
M-:T;@`*`!5FGGFNIY;FXD+YWN+G..\DFI)7VU]E\5__4[^*(E$2B*,'._I[9
M\CD4R7&>[1F:H)`"Q3@5%ED:210*F@^4"P-Y!(A=*3D0$#%`$U/=TG2CC6NA
M(M0-=F&788\X:-O(V4#<''D</5?[KME"V0M&ZWER$ML,PQ2923LY71$[RT<K
M3ZS?>;MJ'5GS$-*X_).X>;CW47*,511=,GJ)D5TCAU`1*8/>34*(&(<MR'*(
M&*(@(#5=[NTNK"XEM+R!T=RPT<UPH1_0=X(V$;1L4_VMW;7UO'=6D[9+=XJ'
M--0?Z1N(W@[#M7F5CK(2B)1$HB41*(E$2B+=_$'!N2\J/DW($5B,2;K`61R!
M9+W5=!P!5E$)GL#Y^);@(A=)'M4&XE(?LM*:,S'4TS9`#%E;3UI2-]-[6#UG
M?PM]8UH#R.J-89?IR%T9(ES-PZL0.[F<\^JW^)WJBE2+3L1Q&!P>!98YCC(C
M&-8DZ!T,NY7,`;[UZO8#.7CDP7.<?F```H%*%E<KRNRR:RAR_+X0RW8/&3RN
M<>5QY3XA0`!5SS/,[S-[R:_OYB^X>?$!R-:.1HY!XS4DE9+6P6`E$7__U>_B
MB)1$HB41:YY"XJPSDU@#3)HP#NT2&(PFF8E;3$<)AO\`=W8$,"B(B-Q15*HB
M(]=.H`$-!GVF<HU%#PLQMZR@=61NR1O@=RCV7`MY:5VK>Y'J/-=/S<3+[BD1
M/6C=M8[PMY#[32'=--B@+R!Z5,_Q8ZSS&"ES6'+J.7N!"MYQNF%QTKQ"BIC.
MS!<"@+4ZQSCU%,@=*@_/>[+/,M+Y<N';+3V120#I83UO<+B?DA33DG>1DN8A
MD68'LEU[6V,GH>!U??#0/E%1F>,WD>Y59OVCEB[0,)%VKQ!5LY1.':15!8I%
M4S!\@@`U'<L,L$CHIXG,E;O:X$$>$':%($4L4\;989&OB=N+2"#X"-A7S5\U
M^THB41*(LVQ'CC-\[7(CBV-R4HF8^V=\1`4(M`UP`W>91SM,$3%O?2934(`-
M@&U;C*M/YSG3PS+<ODD;6F*E&#PO-&CP5KT+4YGGV49,POS&_CC=3T:U>?`P
M5<?#2G2IL<9^D2*BSMY;D=ZE./""15/'8TZR<.D</>`L@]$$7<D)1$+ID!%(
M!*(&%4@VJ8-.]UEM;&.ZU!,)I1M$3*B,?.=L<_P#"WGQ`J)=0=YUS<!]MD,)
MAB.PROH7GYK=H9X3B/-A(4S&K5JQ;(,V39NS:-DB(MFK5%-NV;HI@!4T4$$B
MD222(4+`4H``!V5+D44<,;(H8VLB:*!K0``!N``V`#F"BF222:1\LTCG2N-2
M2222=Y).TGI*^BOVOPE$2B+_UN_BB)1$HB41*(E$6AN;MON#;=^"NUM^_P#%
MKO6K3K5OX5W+[WK_`)=OWM6JU<3K'#P(\?PC#3;VW%T^AAZU>:FVM5V6D<7&
MDP_%L5?_`$Z='IXNKX:[*45>&7>5]U3N7PEW_P#J>4?C!M:]0WV_'OZ=]&WV
M7U=NSK>H&S3X;B=P?A>/EX';J>+B=7R;/&IRRSXCA;Q?B>#DXW8J^/A];R[?
M$M3GMK-;3;4:VC7HM<;:=SW]-NR_6W;7,'>:;OVYUTHW"N_]N9>G$]SWA[YX
M5HN6WBWCFS]%2]O`OO%KVO?K>UNFJLBUX6,\7A8?;XE.7^7M_8=*QKGBX/JN
M+7V.'7D_F;/V/0I.\=>7N^M/"?VP;^^CN>:OBAWS[0M^Z>=?Z?WVWV6U_':W
M6I&R#L'&B[+^&\>(5XW;,6_U>T=7%S4Y:*/L][=PI>T_B'!0TX/9,.[UN!UL
M//7DJK(8O^W,_P#8?8$_M?\`;NS_`-/_`+'\OS58&V_V\/H>B/0]#W>CF4#W
8/]_+Z?I>OZ7O=*^^ONO@E$2B)1$HB__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>28
<FILENAME>g36434g94v62.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g94v62.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0S.4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````E@```,L````&`&<`.0`T
M`'8`-@`R`````0`````````````````````````!``````````````#+````
ME@`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"C(````!````<````%,`
M``%0``!L\```"A8`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!3`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U59.1T?-?DWVT9S\=F0';@T$D'865EN]SOH6>G9^C]'^:]+T_T]UB
MUDDE.0.BYH)_RG?M+B[:/%QL>[W;M^W]+]'\S_B_0901O2LQM!9]OL.0;6V?
M:-HG8UQL&.63L]/WO6FDDIQF=#ZDW<1U:[<X@Z-$2TLCZ3G/^A7Z;O?_`.['
MVB;>CYHNM_7[/L]WKDU_NNM+W5;2XO=^A]>WZ#JJ_P!%C?HO\(M9))3CGHW4
MB`W]J6AHW>T,GZ36U[-S['O<QFS=5ZCK+?4?;ZEUO^#?]C=0!]O5;P);`(!X
M'OU^E[W;G_\`7/\`1UXWV?7224YAZ7GEU'^4+-M=+*K6[8]1S#[[W.:]KJ['
M_P#!_P#7O7I_0H`Z'GLI8UO4KG/I$U!Q(!>)_G'A[K;&?0_GGW?]<^@MI1=9
M6TPYP:?,@)*8T5OJHKKL>;7L:&NL=H7$#W//]=$3`APEI!'B$Z2E))))*?_0
M]5225.W.OKR'5?9K'U@C](P$@M+9_=^GZGL24W$E1KZC:Y];'8ES?4@%VTPT
MD-/N+MOL;N_Z"BWJ=^@=A7;M"[:TEH!:Q[O<X,<_;O\`W/\`T9L2G025+]HV
M$MC$O]T;I:!M$L9)U_X3?M;_`(.JW_KDOMMQ:US,.]^X&0/3:6D$MVN%UU3O
MS?S?8DIMK$ZI]9:<5SJ,0"^]NCG$_HVGP);_`#CV_N,_[<5+ZP_6'(:/L./C
M7UV$M&0X&K<UKH]OZ.YVWVN]2UWYE7]=8V-722_U6N]*IA>XUD-(#=-`YEF[
M>]U=5?\`75'F>:(E[>,@':4_W?!N<ORP(X\@-?HQ[I<KJ?4,LGU\AY:?S&'8
MSX;*]N[^WO538S]T?<KQP:6,J%EA-EU9<UU9:]FYKG-?]#=^C9[&^]]>_P#3
M?R*'UKZGTVNJ>-KF]I!T(W-U;_)*H3$]YV?/U-R!CM&AY:,*R:G;JB:W#AS"
M6G_.9M6GA?6/J6,0+7?:JA^;9HZ/Y-P'_GWU%EI)0R3@;A(Q\DSA&8J0$O-[
MSI_4L3J%1LQW:MT?6[1[2?WV_P"K%:7GV-DWXE[<C'=LM9P>Q'YU=@_.K<NW
MZ;GU=0Q&Y%8VD^VQA,EKQ])A_P!?H+3Y7F?='#+28_YSG<QR_M^J.L#_`,U_
M_]'U5))))2DDDDE*0,[*;AXEV2[45,+@/$_F,_MN]J.L#ZYY+Z.E5M81^FO8
MQP/<`/N_ZJI,RR,<<I#<`UY]&3##CR1A^\7F7/>]SK+#NL>2Y[O%Q.YQ3*NW
M*L+2XU%S6_2<T&!_6T<UJG]IK!+7AU;@8(>T@@CEI_E+%,)=G8X".GV)?'SY
M3^9U)[J+7L=]%P/P*E!34+))))(4M?ZLYIQ^H^@3^CRAM(\'M!=6[^TW?7_V
MVLA$HL-5]5H_P5C'_P":X/\`X)V*9A.,A^B?]];DB)PE$]1_O/\`_]+U54C@
MY30X499K+RYSB6!QEQ<?SC^;N;_VVKJ22FD<+*+=<MWJ!P<'Q`@0US',:X,=
MN;N_ZM,S#SVQNSG/UE\UMU^AH/\`1M]GYG^D_P!)^D5Y))33JP\UCFE^8ZSC
MU)8T2?3](N;^Y^E_3_N+G_KQBY0Z50[[6\D9`AQ968EEK=T!C5UBJ=3Q&9>%
M94]C;(A[6N`<-S#O;[3\$S*"82`[,F&8CDC([`ZUZ7SK$ON8+1BBPWV;0PU2
M0UH.^WVMGWV;:J_^)]?_`$BOVX&7F5-+Z35>TC]+8YK&[(]WZ"HNV^[\ST/8
MQG\__@EL-(#0UD-;V#1`^X)*@(Z5=NE+F"38B`>_5R:OJ\SF^\N_DUMC_IV;
MO_/:/=@8F+BO=4P[M&ASG.<=3VUV?]!7U4ZFZ*&-_>?/W`_^239@"$M.B!DG
M*0!D=_)S4DDE495)VM+G-8.7$-'Q)VA,KW1,8Y/5,=GYM;O6>?`5^YO_`(+Z
M;481,I"(_2(")2X8F1Z"W__3]''4W"L%^-8'N#2UHUG=KWV.W,_PC=G_`$$A
MU:AP!%5NNHEA!C^I]/\`Z*O))*:(ZK275M%5H-K@ULMT,N->_<-S=FYKO=^?
M]/\`FK*[$F]59O-;JK-X+IVM+F@-)]QLAM>[:WZ#'/\`\]7DDE-)W5:6R#5;
M,D0&'M)]W^C^C_A-G_@=J,_,JKV[FV'>T.&VJQ^A\?38_:[^2CI)*>8ZG93B
MNLN;7>:#+P&X]I(/+JVL]/W?R%6RKK:2T,:QP<UYEQ,[F;"WV>WV[7/W?I-_
M^"76VU5W5FNP;FNY"Q,SIEU$D-]:G7W1)`/:QG^K%5RXN$\0%Q_)LX\O$.$F
MI.-^T+6['6L:VESGL]2#/Z.QU3[/1#GVM]C/YK;[++?Y_P#P2;JC@75-!D;2
M[[R(_P"I5X-86AH:TL`#0V!M@<-V_1VK-ZD[=E$?NM:/O]__`'Y5<Y'!YELX
M0>+R#5224JJ[+K!52QUMIX8P254;#$D`2>%U_P!7>ENPL8W7-C)R(+FGEC1]
M"K^M^?9_Y@@=%^KOV=[<K.AU[=:ZAJUA_><?S[6_YE?_`((MY:/*<J8GW)BI
M?HQ_=_K%H\US`D."!L?I2[^#_]3U5)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*
MJ22GZ2S_`$_6?O\`LW)B-_J?]<]%<SU#;]LMV\2.-W[K?WUXFDL[G=A\OS?H
M_-_A-_E-_P!+;]+Y?H^UX_V;_#>E/_"^O'_LJNLZ#'V9T?9(G3[%.W_KN_W>
MHOFA)/Y+_J?T_GO\)9S?_5/K_-?X+]5)+Y525YIO_]DX0DE-!"$``````%4`
M```!`0````\`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'`````3`$$`
M9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P`"``-@`N`#`````!`#A"24T$
M!@``````!P`(``$``0$`_^X`#D%D;V)E`&1``````?_;`(0``0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("
M`P,#`P,#`P,#`P$!`0$!`0$!`0$!`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``$0@`E@#+`P$1``(1
M`0,1`?_=``0`&O_$`+\``0`!!0$!`0$````````````(!08'"0H$`P(!`0$`
M`00#`0``````````````!P$%!@@#!`D"$```!@(!`P($`P4$!@L````!`@,$
M!08`!Q$2$P@A%#$5%@E!(A=183(C&'%")%:!4D,T-I9CE-0E-757UUC8&1$`
M`0,#`P(#!`8%!PL%`````0`"`Q$$!2$2!C$306$'47$B%(&A,B,5")%"4G(6
ML<%BDJ*R4]&"PC-#LR0T5"878W.3="7_V@`,`P$``A$#$0`_`._C")A%I)W=
M=?)W2V[=R;C@9/9\A4ZF]V)>9MCL)7954U+4=24/6[&TL(YM*3=QGO%B\PNS
M9FC!`Q!H-G4;_`2=F!U)F=(-'RSRB^A0Z+Z;#VO]R"TQ1J_!5BQPP;4\7[_;
MX\U'UO*,;'K6^W#76W;S280MRD(U2EMK+0YYM6*FL=6P,YSWJG6V@)$KD\Y&
MDT54@]R_<?>/&=>:U%\2&4D="5\EHE-/VXED84RT;[\:Z7)[.DB66KUF#<6J
M4TI:[U8;3"%,[6K+F+Z72,-[(H2A-%1K)OC[G4'4UG2%$5D9@:]IR>!='1-M
M,<DU*O?+RMWBGM6-8C[_`"8N%%M2:YE5Q5C!;HFN"B#B1@6#QK*1C5/A4T=_
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MJ:45KM-P>4V_/`:Q[GC&<Q7=DVK9NHG&O874;"2F)R*I=%VII^H;1DHX:S+(
M/;W6+?.U.Y3K,[=XFA*4F3:(F$"&5,:BKH"K4<^1WW!&?U*PCM5V^>;RDGJ!
MAHVU.?'^QLW-LK#/R$WE7-OW/:U2</(`=8S+G3"%#=)Q4P\KJSL[EP^9H,2'
M>-8LFBMZG[<^XU;)'61G],M==D'\BG2;3=5=8W,*VC7I[=WC4WE;<E2K5&:V
M(+ZOZ]L]N21?S=3A';<\&Z403=QA`D)8FFJ],?Y`?=!<$D$7^IXN+=1M(LQ6
M8FU->)):;8P.JG[IELQRDT9(P4;>IC=3<L:2KMI5\^/#]+MM!.2*$5%JE&K)
M/C]O?SNLNZ=,P6UM:3#+6UA@;*PNSS]*[77NT,8ZVV6%V$XL$_5JQ'QS&6^F
M:X4$I8U/M!RRA1"B)D=JN88A`IYJGV;R"\XX_<6Q*JPH-Q_2\UDM#$MV2\>;
MG(2VMJA5]V5&N%L5'B(5G8X/:DC.Z8LCB8C2MY>>7E%60O0C&3M!Y44B4"Q>
M^L_W$$-JR5DKR&V+&K*5:IWRKU2XZUD:-KQL[BO%O;<FXK$C&5RX6ZHUB0OF
MWX",B9&)D)V9=0SZ3;N033<`U5`FB]TM8//JY[.UC=%9396DZA/72K663*:D
M3$E6:52]D:8\]7E)@=M59P>9BDBZEL#C5L5=%$&[9!&:<A)2*B9&;19B31;!
M_"W;VR/(#1$%O#9$+'U93:,@\LM*J$>5%5.N4%%LP@8032S=R]0L"-L>0KNP
MLWR:ZR:L?,MRD,)"%`*JAT-%+#"HF$3")A$PB81,(O_0[^,(F$7Q<-F[M$[=
MT@BY;J=/<0<)$61/T&*<O6DH4Q#=)R@(<AZ"`#A%]L(F$3")A$PB81?DQ2G*
M8ARE.0Y1*8I@`Q3%,'!BF*/(&*8!X$!^.$7X001;(HMFR*3=NW2300003(DB
M@BD0$TD44DP*1-),A0*4I0```.`PB^N$3")A$PB81,(OPHFFLFHBLF15)4AD
MU4E"E.FHF<HE.FH0P"4Y#E$0$!`0$!PB)IIHIIHHID222(5-)),I2)IID*!2
M)ID*`%(0A0```````,(OWA$PB81,(F$3")A%_]'OXPB81,(F$3")A$PB81,(
MF$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81?_2[^,(F$3")A$PB81,(F$3
M")A$PB81,(F$3"+!6Q_)K0NI57#6^;0J\3)M1,5Q!-7:D[8D3E$Q>A>OP",G
M,-A,<@E`5$2%Y`?7T',%Y'ZF<#XFZ2+.\GM8;IO6)KC+*/?%$'R#V:M`68X'
MT_YGR5K),-QZXEMW=)"!'$?=)(6,/MT<2H=6?[JFAXI0Z%:JFQ;6<@^CKY?#
M048J'<`O*:K^85D^13`3?G9D_NA\1'IA_)_FGX):N+,;BLC=$?K;(XF'7P+I
M"_IKK&/#SI*6/_+CS*Y:'W^2L;8'PW/D>-/$-8&==-'GQ\JXO<?=RA2BG[71
M<HL`KD*L+C8#1L)&H\]Q9,$Z@Z!5<H<<)B)"FY]3AQZXO)^;:R&WM<&E(W"M
M;IHHWQ(I;NJ?8-`?V@LB9^66[(=W.81@[=*6SCKX`UG%!YZGR*K45]VNA++`
M6;U!;X]OU>JL588:96Z>@X\@@[:P1!-U@4..Y\!$>?3@>[:_FRP+WTO>(7D<
M?M9+'(?T.;$.M/'^2AZ=S^6C--;6SY1:O?['Q2,'Z6F3^3_*I$4C[C'BY<E$
M6[NUS-&>.!`J;:[UYVQ3`W`#TK2D*I/0;4`#G\RKHA/3X_#F0\)^8KTOS+F1
MRY6:QF=T%S$YH^E\9EB;[W/`\U@^7]"O43%->^/&Q7D3>IMY0X_0R3MR'W!A
M/DIF5VSUNW1B,U5+!"6:'<@`MY6`E6,Q'+<E`P=M['KN&YQZ3`/`&Y]<F3'9
M/&Y>V9>XK(07-F[H^)[9&'W.82/K457V/O\`&7#[3)64UO=-ZLD8YCA[VN`/
MU*N9WETTPB81,(F$7__3[^,(F$3")A$PB81,(F$3")A$PB81,(HL>17EYJ;Q
MR8J-K%(&L-X6;@M&4"!605FU@5()FSJ86.)F]>BE!$![SCE50G(H(KB4Q0BW
MU$]7>)^G4#H\C<?,9LMJRUB(,AKT=(>D3#^T_P"(BI8Q]"%(W!?3#DO.YFR6
M,/8Q`=1]S("(Q3J&#K*\?LMT!H'N94%:-MX>=N^MTJOH\MA5H%,<F,1.I4Q=
M:.!1J/47M3-@)VIR9,LD;A8AE4F:@AR#<GPS1[F_KISSF;Y[<9`X_#.T$%N2
MRK?9)**2R5'V@7-C/A&%M]Q#T<X9Q-L,YL1>Y5O6:<!U#[61ZQQT/V30O'B\
MJ&8B)A$1$1$1$1$1Y$1'U$1$?41$<AHDDU/52MTT'1?S")A$PB817E2-B7K6
MLP2?H-MGZC+$,D)G<%).6`N2(F$Y$'Z**@-Y%IR8>I%<BB)P$0,40$0R\X3D
M.=XW>-O\!EKBTNQ3XHGN;6G0.`-'M]K7`M/0@JU9?!X?/VILLUC(;JV-?AD8
M'4KXM)U:[^DTAP\"MM7C[]T=4RS&M>0T0CVCBFW+L>KL3$,D/\(N++5VI3E4
M*81$QUXPI.D``"LS>I@VR]/_`,T+R^#&^H5H-AH/G(&TIYS0-K7S="!3H(3U
M6M'-OR[M#)K_`(/<G<*GY69W7RBF/3R;*37J91T6X>NV.`MT+'6.KS,;/P,L
MW*ZC9>)>(/H]ZW/R`*(.6YSIGZ3`)3!SU$,`E,`"`AFX&.R-AEK*WR.+O([B
MPE;N9)&X.8X>T$5'D?$'0ZK5R^L+W&7<]AD;62"]B=1['M+7-/L(.OF/:-1H
MJUG=743")A%__]3OXPB81,(F$3")A$PB81,(F$3")A%K!\V/.]#4AG^K-0O&
M<ALL4SM[#90*@^CZ%UEX]HW14*JUD+7TFY%-0#(,?3NE.H(IDUB]:_76/B1N
M.+<1F9)R6A$LVCF6M?U0#5KY_(U;'IN#G?"-A?27T;?R80\CY/$]F`K6*+5K
MKG^D2*%L/F*.D_5(;\1T(2TM*STF^FIR2?S$Q*.EGLE*2CM=_(R#QP<5%W3Q
MXZ45<.7"QQ$3'.83&'XCFAEW=W5_<SWM]<R37DKBY[WN+GO<=2YSG$EQ)ZDF
MJW.MK:VL[>&TLX&16L;0UC&-#6M:-`&M```'@`**GYUUSIA$PB81,(F$3")A
M%*7QF\K]A>-EC26B7"\]1'[HI[-0WKLY(Z0(;I(J_BE3D6"%G4TP#H<)D$JG
M2!5B*$``"4?3/U6Y!Z;Y%K[21T^"D=6:U<[X'CQ<PZ]N4#H\"AH`\.&@CKU`
M]-L)SVP<RY8(<RQOW5PT?$WV->-.Y&3U:345)86G5=)^IML4G=5'BK_0I0LE
M"2912624`J4C#R:)$S/829:%.H+*58"J7N$Y,4Q#%43,=)1,YO2/B?*\+S3"
M6F?P-UW+*70@Z/C>`-T<C:G:]M14:@@AS2YKFN.A')>-9;B>7N<+FK?MW<>H
M(U:]AKMDC=IN8ZAH>H(+7`.#@,DYDBL*81?_U>_C")A%!/?N]=C:XV?>:9`N
MR>PM.CJ6SU>K\LC':M8WA/6/<75+`W.R7=6!E^G=2?V)ZU=B+)NPI"Q2="CP
M_<*H'16TY\Q;":*IQ$V=!BI):SLXRP/YO8C=@TCV$5<V='?FV<0U(7+JLM]4
M??-:\9,)(7\>W6,44P)R-%6B\4IYJ343(GG2U8SF#*XO\(M&/+)'ITT9&!C/
M&9_%W!OL-K24WT7K)XTV1*J1,@NS>&F3R#)4?;INV[=C54HLTRNZ+XZ=:.M<
M+`.&==L>K+KL_8E!]LVG)Y>&B974$2N:O2S$HN'CNHL;^\ET"-$%E)Y!F#1)
MN5=TB=$GM4?*YYT6^4K=+91E,K,U..8/Q\>SUSL%Q+!PKACL9'3LC<+Q*0T9
M75!KE&^27]\+&8;*OVQ'R;4QVHM55#)45:+)L?YGNY%:09%UI'1CB*+$C+RL
M]L0D74*V=Q9:OK>=3N%@"FNGE9-7-PHW2M*&68&(NO3%%DS=#TI&U52BHJ_F
M!='DG'RD9K9H6I,-@/*))NT+HV=Q,C'H4:EVR7VG+3CFI-#U_3]::V\D@VF&
M1))>3AB`_5:-$#"!"46<Z7OV6MZ&W`8ZW<6&=U?81AT*;KVZU:Q62P-U9R9B
MF1EI*W+:ZUU`SRC*(%ZYC%+`NHP(84'"B;HH('(OE^NVTO\`X7>2_P#S5X=?
M_;'"?2H4^9GW";_INFJ5"`\:]W4_:EQ8G^1NK!8/&5\6`@E#K-7UE30JGD/:
ME"2!%2"BP*Z312.OUJ@*@-SI&A;UD]2+;AV'=B+#/6MGRF\C^Z=*V=W:B)+7
M3`003G?4;8@\-:75=5W;<TRSZ5<"GY5E6Y.]PUQ=<<M7_>"(PM[D@H6Q$S30
MC;3XI"PN(;1OP[PX<Z>OMI738=NV5&VS55UH"-6E8U.,L5O=M7@WLTNF]=/W
M[-PQ%U'+J,ED2BL=J^D4C"N'4J53J(&@W*N.8S#X_C^4L^9VF5O;]DKYF0[]
MT#FN;3N&2DA,FXD=V.)Y+2=KFD..ZG',[D,I>YK'W7%;G'6EDZ-D3I=NV9KF
MFO;V5CHS:!]W)(WX@-P(+5(6F2\G#6!DM#0L)8)-V8(QE$SU<C+4R=N9`Y&Z
M"2</+M7C1=X=4Q2I#VQ.4P_E]1S'<-=W-GD(7V=E!<7+SL;'+"R=KB\@`".1
MKFEU:!NE0>BO>5M;>ZLI675W-!;M&]SXY7PN:&@DDO86N#::G6E.JEU-4)#9
MFSUJ:QJ$$XC]'0#D=H+ZRKD#7)6^VEM()MYN"K[6!9-V;A(]C4+#1[H$E2H,
M&ZTD?K*)DLER]P+.3<G?AH,/`ZWP=N?G390Q0ONIP\"2*)L30T@S$6\4FUVV
M)C[EU02U1C:YE_'^/-RLV4F;/F)A\H+N625EO"6DQR2&1Q<#VJSR,J-TCF6X
MH:.5Y7Y/7&KMX7>&M^MH^LHV%74L_!5UCK"!MD?*TKZ4%K=J+4HN:63/5)JU
MV)0J;>;;&%\BX9*_XA)0QS+7G/-XYQ?F^;L\OQN.U9<&PEBA;913L?;=C;<V
ML#)".Q)/,0&7+#W6OC?]XUQ)?:L*[.\AXAB+K&9Y]P^`7L<DKKN2%S)^]6WN
M)GQ@]Z.&($NMW_=N;(WX'``-C1?]4SL37&LE$0L42`J\6LO./23M:<6:4=*V
M,U=GK-\G1?C97E&AK:!:\SDB-QBU56?>3$BCI4!C3/\`%;ZTQT5S:640L+6(
MF5PEA,SW&;LRS=L.[SK:.>EI',&=ESH][2'2NK(&%Y)9W-])!<W<AO;B0"-O
M;E$3`(N['%O+>TVX?#_Q+XB[N@/VNJV-M,`Y@*S1,(F$3")A$PBEAXC>3L[X
MV[#;OU57;_7=B7;L;W74C&4!5GU=",_&(&,"19V$ZQ.F/I[A'K0,)04`Y)7]
M)/4V^]-^0QSN>^3CUPX-NH1K5O02L'3NQUJ/VV[F$C<'-C7U-]/;/GN#?"UK
M69V`%UO*=*.\8WGKVY.A_9=1X!H0>GJ$FHJQP\58()^WE(6;CV<K$R30_<;/
MHY^W3=,W:!^`$R2Z"I3!R`#P/J'.>F]E>VN1L[7(6,[9;*>-LD;VZM<QX#FN
M'D005Y[W=I<V%U<V5Y"Z.[A>YCVNT+7--'-/F"**IYVEUU__UN_C")A$PB81
M,(F$3")A$PB816[;K5"4:K6&Y61V5C`UB'D)R6=#P)DF,:V4=+]H@F+WG"A$
M^E),!ZE%#%*7D1`,MV7RME@\7D,QDI=EA:POED=[&L:7&@\2:4:.I)`&I7>Q
MF.N\QD;'%6$6^]N)6QL'M<\@"OL`K4GH!4G0+DVW1M:?W9LRU[)L9C%=V&1.
MJS8=TRJ$+#-P!O#PC01`H=B-CTR)]0%+W5`,H8.LYA'R@YGRJ_YKR7*\DR)(
MFN)"6MK41QC2.-ODQ@`K0;C5QU)7I5Q3C=EQ+C^-P-@!VH(Z.=2AD>=7R'S>
MXD^0HT:`+%N8NLB5:K=AEZE88.TP#DC*=K<O'3L,\4:,GY&<K$NTGT>Z%E(M
MW;!U[=V@0_0LDHF82\&*(>F=W&Y"[Q.0L<I82AE];3,EC<6M=M?&X.8[:\.:
MZC@#1S2#X@A=2_L;;)V-YCKV,OLYXG1R-#G-W,>TM<-S2UPJ"15I!'@0J6Y<
MKO'#AVZ5.NY=+*N7*ZAA,HLNNH95950P^ICJ*&$1'\1'.K)))-))-*\NE<XD
MD]22:DGS)78CC9%&R*-H;&T``#H`-`![@KP>[#M<G<2WZ3D$W]K339%1E5&3
M-L9LO%0R$)"OVS>/09-4'\*U9H*-E2D`Q7"!%3=1N1->)N0Y6YS`SUS<"3*@
M-H\M:VA9&(HW-#`UH?&UK2QP&CVM<:FM;7%@\;;XLX6W@+,:2ZK`YQJ'O,DC
M27%Q+9"YP>"=6N+104IZ_P!4+C]&?0?O6`07LOE`KA"0H3YJ_P#//J?Z9-9P
M8!8#5KZE_P`?[$7(M_=`!^GT`,Y?XGS'X-^`]^/Y'9VZ]N/N]KN][L][;W>S
MWOO>UOV;_BHN/^'L5^*_C/9?\YOWT[DG;[G;[7=[6[M]WM?=]S;NV:56/LQ]
M7M,(F$3")A$PB81;O_M<[^5EX>;T#9'W<=5U!>S:_,X/_,4A%W0FL4$F8PAU
M?+9!T1V@0.HXIN%_@1$`#=S\KW/GW=G>\!R4]9;=IFM:G4Q%WWT0_<>X2-&I
MH]_ZK%J+^8CA3;:ZM.:V$-(YR(KFGA(!]U(?WV@L<=!5K/%RV_9MXM7U_]?O
MXPB81,(F$3")A$PB81,(F$6KC[IFUE*QJ:L:OC77:?[)G#O)A-,QNL:M4S-7
MBJ"@$$!2*]GW3$2B;T4*V5*`#ZB75[\T?*G8SB>,XQ;2TN,E.72`=>Q!M<0?
M9NE='2O4,<*'6FQ'Y=.-MR')<AR&>.L-A#M8?_6FJT$>W;&)*TZ%S34:5T$Y
MH0MTDPB81,(F$3")A$PB81,(F$3")A%E#2NR7^H=K438\>93KJMA9/GJ*0\'
M>PRIA9ST=^X)*%<N$.?P[G(>H9E'"^23\1Y5@N1VY.ZUN&N<!^M&?AE9_GQE
MS?I6/<LP,/)^-YG`S@4N8'-:3^J\?%&[_,D#7?0NL;ZTJG^8(S_ACZT_WDG_
M``I_F#_RS_I?X<]7?QK%?]?%_P`K\SU_V'^+^YYKS6_"<E_T4G_,=CI_MO\`
M#_?\E__0[^,(F$3")A$PB81,(F$3")A%S%?=#WM"O_+.=ICQ1X9'6]4J=8*L
MU(FX8E=24<6Y/?X%NOW)#6<J2H@01`R/0;@2<9H+^8NVR&?]096V\K'065I%
M"&U(H2#,X]*5K+0FM?A`/1>A7Y=^$WL7IG99>$,W7]S-+0DAU&/[#?"E#V2X
M:_K5&AJH(,KG5I#CV\VQ`P\`!'*@LE!$?P`CPJ!C#_9SFNL^%REO_K+)]/:T
M;A^EM5,<V'REO_K+)]/Z(W#^S57(0Y%"E.F<JA#!R4Y#`8I@_:4Q1$!#+8YK
MFDM<"'#VJVEI:2UP(*_>45$PB81,(F$3")A$PB81,(F$3"+8K^M;OZ#^?>_5
M^9__`)[_`*3=GK4Z^]_4E^FW[>CW'TE_B.YSST?CU?ES8C^-9?P'Y_OGYG_Q
M]\A37K^,?)^ZO8^*OL\]%!?\)1?C/R?8'R_\;_.5H.GX7\U^CO?#3V^6J__1
M[^,(F$3")A$PB81,(F$3")A%Q'><<X>P^8'D@_.J*QF^W;E!@<04*($K$JM6
MDTN%3&-P@G$@0!#\H@7DH`7@,T&]0+@W/-N4R$UI>RL_^-QC\?9MI_)HO7ST
M=LQ8^EG`8`V@=BX)/#_;,$I.GM+Z^W7758"I=(L.P)@T%64XE61(S6?F+-6:
MLU-G[9NHBFJ(2ELEX2+,L!UR]*0+"J<.1*40*80QRPQ]SDIS;V@89=I/Q21Q
MB@I^M(YC:Z]*U/@%FN6S%CA+47N0=*("\-^[BEF=4@D?!"R1]-#KMH/$ZA9G
M0\8]_P`9(L&B$-$19I2&)8(Z6_5;6,=77L>K-.:VR]O;#W="LK24I/L5V3)D
M#L7KYRW63;I*&24`MUFX/F9GQPW..@<U\>]I?-;=LM+BP4D=+V]SG@M:S=N>
MYK@T$M-,3D]0^$7,$TK[J641RF)S/D[M\K7",2NK#\N90QD;FR22;.W&QS7/
M<T.;6PEYW9M78MW\N5P@S6F9NOII32#7W0R]:".^>,EFJ@IRZ1HXTH@10YP*
MF*IC$*83IJ`7"KSB-B(Q+-8&(.>]FA+3N9MWC;73;N'5M*U'4$"\-Q_',E,^
M&UVF411RDQEVW9+N[;@16,[MCB`*F@!(HYI-09;A=%$H24,W5`?XE&3A1N)?
MWE17*YZO[.X']N8_/PZ(U-M>N'DX`_6-O\BZLW$(C4V]XX>3@#]8I_(KO8[3
MJSK@'!WL<8>`'W345"<_N.S,Y'I_>(!EGGXKE(JF,,D']%U#_:VJTS\7RD53
M&&2#^BZA_M45X,;#!R7`,9:/<'-\$B.D@7]?AR@8Q5B\_O+EGGQ]];5[]I(T
M>TM-/T]/K5HGQ]];5[]I(T>TM-/T]/K58SIKIIA$PB81,(F$3")A%7_J%[\N
M^6\CV/D'T]QW#\>R^J/JSCI_AX^9>O3_``\_F^.=_P#$9_E_EJ_=_+]GJ?L]
M_O\`]_PZ>/5=+Y&'O_,4^/O=WI^MV>S_`'?'Z%__TN_C")A%K_HVD=M:HU_2
M%:5!59/8;R@(I6I6+INIH25C;TWI[=G#I6NV'*X>V]DVM+]Q\TD$5G#Q=H#E
M1+NK+)@>B^JA?0I/.E67Y,M[2/2JTJBX)VM/.F+N9"AR)5'$8KRWE6EC_5$_
M5`F<D5AS5Y-D650*]4?F3JJ:*M#JC:5QK-F9S9K[!R<[Y$TN^1<[/3.N4;O#
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MJ$;M8X`,FHB315/V/F-_F?QH_P"1-I?^XN$T\UQ5>9\5O^'\PML-5WFM7C93
M?^QI#8JC"-L$8!F$O:G\LN>O-Y*0DERIB5ZK[<#J"<#]GJ,=,5!S2OE$?#8L
M_P`_9DV7XS'S$[H"TL,9F=(]WQ"@(94MZU^#=0[MM?4/@,WJ7<<0]'Y<#)B3
MQH6=JV[#VRB86[((V?`=SFNDHU_V0VDFRHV;Z>S5]6A[OL:C5&Q66+IM=L=J
M@XBP6V9?LHR,K4$]D$$9B<=OI%1)DB2,CC*K!W#`!S$`OJ(@&1WB;2"_RF/L
MKJZ9!;2S,:^1Q#6L87`.>2Z@&UM3KUI131R+(W>(P.8REACY+N^M[:1\4,;7
M/?+(UI+(VM:"X[W4;H-`:^"SJ3?ERF]QS[B@M:JRK%OEJ[5ZA3KM!PL_3*E5
M*:[*RU699G86C]A'*Z^C4TUCR`EY,(NU'7>2=.R+9".1WT^<N78YD+;2=[(X
MXI6-?%''$:6]0\%K3"VAW_OE^X/>'88>$XFTXI9,S<ER_(VL4LT\]O))'/--
M.W=>4=$YKG"Y<2T1UT^Z;'M='$6Y$NL1J;9FN;%L)W<Y-[(P$;;V4!.R=[ID
M0^8RL/8%'T%#2NH7<>XOUJFMW2LY(6%_*LW@,8U[*G3*(HQKHBESOX,-E<7=
M9)]\]TL;9`Q[IHFD.:\EC76Q!FD==.>^9\C7;&.D(^S$\&Q8BZY-Q[/6&#BQ
M,;()Y('21LMYWM<Q\0;)(R]:X6T,>/9'%:QPO9W)8X03\=Q&6PWK=$NEP4!.
MK52P6`1-T&4BHEZ\;I#SP(KND43-FY0'XF.<H!^W,!BMYYS2&%SO<"5*V0S6
M(Q3=V2R<$'D][6D^X$U/T`J157\+MS3W;5EV\%4&QN#&&:E4W3SMC^*;.$)*
M!W./[BJB(A^/`^F72'`WTE"\-8/,Z_H%?YE@.2]7>)66YMK)-=2#_#80VOFZ
M39IY@.4C*SX&5%IVE;==9V;4+P91M",V<$U$WH/:,JZ&:<JIA\!,443&^(=.
M7.+CD#:&>X<X^0`_R_S+`<CZUY27<W%XB&%O@9'.D/OH.V`??N'O5];&U+K?
M5^O%0JT`#-X[DHYBD^=R4G)O!,)E'2PIGD7K@B)E4&9@,")2%Z1'T`.<Q3G^
M-Q5AQ]\T5E&+I\S&AY`+_%QHXZZAIK3P5CP?)\_R/.-.2O=\38W.+6L8QO@!
M]AHK0N'VB?>HPY!JD!,(F$3")A$PB81>CVCGM][L*]KV_N^YT#T>V]W['O\`
M5QQVO>?RN?AU^GQSD[4NW?VSLV[J_P!'=MK[MWP^_1?'<CW;=XW;J4\Z;J>_
M;K[M5__3[^,(F$3")A$PB81,(F$3")A%R0?<IT;>OZW-KFJ=/L4ZPMZ53N+)
M>+AWKIJ4):KQ363.N\10%HB4;!'/`ZCG*'P`1ZOCI3ZLX>Y@Y]F##;O='.(Y
M10']:-H=KT^VUR]//R_\RPH](.-#)Y6WAFM3-`X/D:T_!,\LHTG<?NG,Z`_H
M4>:OX7;FGNVK+MX*H-C<&,,U*INGG;'\4V<(24#N<?W%5$1#\>!],P>'`WTE
M"\-8/,Z_H%?YEG&2]7>)66YMK)-=2#_#80VOFZ39IY@.4CJOX&T]GVU;?<IV
M=5+P8S6%:-(%F)OQ244<#,NUDP^'40R!A^/I\,ND/'8&T,\[G'RH!_.?Y%@&
M2]:\K+N;BL3#"WVR.=([W@#MM!]X</>I'5?QZTS4.V>(H$$LY2X$KV:14L+P
M%`_VR:TVH_%NH(_BD"8!^``&72'&6,%-ELVOM/Q'ZZK`<ESOEN5W"ZSDPC/Z
ML9$3:>PB,-J/?59C22313(DBF1)),H$322(5--,A0X*0A"@!2E*'P``X#.\`
M`*`:+$W.<]Q<]Q+B=2=25],JOE,(HQ^3#[MP]7C.K_>I)^^$OKZ_+VJ3<##Z
M<>GS(>.?7U]/QR*/52XVV6)M:_;E>_\`J-`_TU(/`(=UUD;BGV8VM_K$G_04
M0,A52@F$3")A$PB81,(I;_I0O^G7NO:E^:_TD?JOV>TGU]C^J?Y/[KN=/5U?
M1O\`/ZOXNC\G/'IDM?PK)_#O=[7_`!7\)?/4H.GXWV]U?_K_`!5ZT^'HHR_B
M1GX[V^Y_PW\3?)UJ>OX1OI3_`-_X:=*Z]5__U._C")A$PB81,(F$3")A$PB8
M103\SZF8Z52NZ"?((BXK$DH!>3`1059.(Y$`Y!,IP>`//IU'*`>HY"OJYBR6
MXO,L;TK"\^^KV?17?])'M4Q^E.2`=D\0]W6DK![J,?\`3]C]!4"<A)3,F$3"
M)A$PB810Q\E'W=M$%'`/(,X,70AZ<%4?OG"8E'UY`W0Q*(^@>@A_H@WU2N-^
M6Q]L#HRWW?2][A_(P*5N`P[<=>3TU?-3Z&M'\[BHY9&"SM,(F$3")A$PBKM7
MKDI<++7ZG!H&=3-FFHR!BFY0,85I"6>HL&A."%,;I,NN7D0`>`]<[V+QUUE\
MEC\591[KRYF9$P>U\C@UH_20NGD;ZWQ=A>Y*\?MM;>)\CS[&L:7.^H+J)_I=
MH?1V^M7H_IR_IKZ/:I='TAWO<^_Z>[Q[[W'\SC_7_-U<^N>H'_B_`TV[CM_A
MS\'IM'_+UKNZ_:KK[]:U7GA_Y#S-=U!7\=_%>I_UU*;>GV::>[2B_]7OXPB8
M1,(F$3")A$PB81,(F$5B[+IB&P*/8:HMVR*R3$PQZZH<E:RK4Q748Y$0_.4B
M;Q$G<Z>!,F)B_`1RR\AQ#,[AK_&/H'2,^$G]5XU8?H<!6G45'BKQ@,J_"9>Q
MR3*EL;_B`\6'1X^EI-/8:'P6F%\Q=QCUY&R#=5H^8.5V;QJL7H6;.FRID7""
MI?[JB2I!*(?M#-1IH9;::6WGC+9F.+7`]00:$'S!6UL,T5Q#%/`\.A>T.:1T
M((J"/(A>7.-<B81,(F$3"*`6]'WO=DS1`-U$8(1C$@^O'Y(]NX5*`"`<=+AR
M</V<AS^.:Y>H%QW^4WS0:MC;&P?U`X_6XJ:N'P]K`VAIJ\O<?ZQ`^H!8AS"U
MDZ81,(F$3")A%M`^V)HU>Y[0?[AF&0FK.LTU6D*JL0PHOKQ*M!21(ER()JC`
MPSE1PISR*2R[4P>H@(;/?EDX._,\GGYA>0UQF,!;&2-'7+VT%/`]J-Q>?V7.
MB*UZ_,'R]F*X]#Q:UE__`$,@0Z0#JVW8ZIK[.X\!H]K6R!;_`'-^EI4O_];L
M5H_E9-!"TZV[$@7J]0OL,PE$YJ!UI=J&UH#T])L&R9AA*O=B3`L=EUF&HM5E
M7I[#73BFK\N*FDQ45D&*9RK17#;O+B%IMJC8JRU&PU"&:0,[+7%S;W-$B7L.
M]/8-/537\4+EUL-K`QZ5VF]Q-$R/5W)T&BK<Z#L&P]U5N2BK;?RXUZ]:F>Q]
M=NT@V^1J3#=9JG3!2D5FDRG!2C*(55NJ24S$PKX5!=V=J9:DHHMUE/G0D((X
M2B]D=Y14MZ>96+&6-Y'PK)"R3SR.8PJS:CTH:)KJZ/K):7Q+0X:2;)BA?R"(
MPPOUEB-U_;H+IMS+J$HJ0OYCZP85UE8YB'N,$@_I<!LQM'32=/CY=;6=C@WT
M\QN[5FK<>B2;I-HEZFM$-3KV4BK-40C3)`50Q**HSVZ;P&O=>6NM5=DN]N$_
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MVI3":X;[5F)1&NTY2,;2CN1E',>X1C$7+E-B";E]`O9J(=]#Y4$069.7;181
M`Z*RB1BG,5%B[^L?Q@_]:*;_`-9>?]CPJT*@9Y1;;\<'<H38=1VQ4'?O^TWM
M$>T6=`HF[3)T-YLI/:E**;E,I4G'`!PH4IQZA4.(0EZD</GEN1GL7`7;Z"9K
M>H<-!)[B*!WF`==Q(F7T[Y9#%;G!Y.8-V5,+CX@]8_>#4M\B1IM`,'(?RQT#
M8-O0&BX/8#26V79JS(6V&A&,5.KM7,-&&?>Y.:;+&?)&[L$XMTH5!1P544VY
MAZ0ZD^N+Y./9B'&S9:6S+;&.0,<XEM0XTI\-=U-0*TI4^^DF1Y[$S9"+%Q78
M=>O87@`.H0*U^*E*Z'2M=/=6K[UDKY"1='EZC9XJ!B2;<TO#VUBO7'4G-S\'
M:MNTBJO(N'G26./95PBZ$T8'1U8Z2,X:]Q%/L'4!=/CQ++262[CN8'/D^6G<
MP[@&M<R&1X+F[27?9THYM#0FH%#R91]U$RVDMYVLC^8A#QM)+FNE8T@.W`-Z
MZU:ZHJ!2M1'C9^T++2).[6-W:]A([`KFSZVVK&LXZ#<.*;,ZG5G*DUD%0;&A
M2Q4E&R]9>/7+J>.]%S&2YQ:)*`HBFP5O-A8074=K`VWA-F^!Q=*7?&V;:\C7
M=4$.#0(]M',^(BA+Q9[V^FMGW,SIYOFV3M#8PT[#%N8#I2A!:7$OK5K_`(0:
M@,-9N5TWA0K#,O)N<5@HV:E]APT7,VU[K,NJX^%5<NI>BV2L-8T$M@I2.NM>
M1[F6L83QFS)XHP?((J+"K&F3XK:UQ5W#$V*+?(UL;BU@E[I=0-D:XG[NDDA#
M(^W5PW,)`I)7EN;G*6LTCI)=K'.D`+S'V@-2QS0/O*QQ@ODWT!VN`)JRDMJ1
M8ZY9ZVP?U:=-88ML4T2:0<*KGDO>Q7#)ZWFDWB3=^VFD5DA!RDX227*J(]9`
M$<QVZ@G@G>RXBV2'6@Z4.HVTJ"WV$$BBO]M-#/"Q\$N]@TKXU&AK6A!]M0#5
M:_+X^^976U/0'J(M/RH)#Z>J"3Q5%O\``3!SV$R_`1#-3^0W'S6=S$X/PNN9
M*>X.('U`+8;#0]C$XV*FH@97WEH)^LE6GEF5R3")A$PB817WK/7%JVU>*]KZ
MEL!?V"QOB-&Q3=96K-`H"J]E)%8A%!;1D6S(==PITF$J1!X`QN"C?>-<<RO+
M<YC^/X6#N9"Y?M'[+1U<]YUHQC07.-#0`T!-`;-R#/8WC.'OLWEIMEE`S<?:
MX]&L:-*O>XAK145)%2!4KJLTGJ.MZ-UI6=;5@O<9P33E_)'3!-U.3;H>_+S;
MP`,H(+2#TQC%)U&!!(")%'H3*`>J/"N)8[@_&L9QO&"L,#/B>11TLCM9)'==
M7NJ0*G:W:P?"T+SBY;R>_P"89_(9[(&DLSOA:#41QC1D;>FC6T!-!N=5QU<5
ME;,J6-K_U^]5*H5="/K42E7XDD93B(IU5@#%#VD`FA`/ZLBG%("04VA$ZW*.
M6(`0`#VJYT_X3"&$5JM=+:C8L7$8RUI2&D>Z!Z5PS;5J*0;*@_4JRBXG22:E
M)U$&C0A41XY;)P[$B/01HW*F1?);2.H5RF*IKBH"!F23$!+",TS)$04[R#IN
M=-,AVTL@MP<CY,2O2'*4P*@)2B!%Z/T:U-UQB@ZVI`FAGR$E$]5:B3!'OFK*
MMQ[9=H4S42HF;MJ9#]``'252)9*@'<:('3(O),Z,TY8F[-K.ZRI,NV85-"AM
M&\C7HYVBE2&K1\S;U`4ED#$5K**,BJ)6)P,V!7H4Z.XDD<A*E5>5U;KF;@(B
MK2]+KTA`0#L7\'&.8Y!1&&>G2>MEG<682]Y@X=LY-TW7.D8HKM72Z"G4DLJ0
MY%\F&I=7Q,DA,16OZA&2;4[=1H[CH"-9*,E&IT5$E&0-FZ1&9Q.U1%04@(*H
MMT>OJ[*?22J_KW4VLI%J\9O:)5EV\@YGWSL@PS,AEI&T6*(M\_*=U-(BQ):2
MM=?821W93`X*_8MURG*JBF8I*KQ#I3470"9-:TE%,L2S@TR-Z[&-B(QD='M8
MF-0;E;MTP;'C8ID@V;JI]*R#=%--,Q2$*`$5^0T+$UZ,:0T%&LHB*8D,FTCX
M]NFU:H%44.LJ)$4BE)UK+JF44-_$HH8QC")A$1(JGA%YW;1L_:N6+U!)TS>(
M*M739<A5$7#=<ADED54S`)3IJIF$#`/H(#G'+%'/%)#,P.B>TAP(J""*$$>(
M(7W%))#)'-$\ME:001H01J"#[05JDWYXTM]>6?\`4&&@&$E!]I>.CK"9@W<S
MU49R3@BRU><2:A%))*(<N4R"10#]I4P$*K_-Z1/KCS7AM[QYTUQ8E[N/R/!H
M"2(W'0->*Z@=&O/[I(=3=L-P[EUGGVQ6]Z&-ST;"*D`=QHZN8::$]7,'O`VU
MI%NUU6,N,6UB)8SHK5G9*;:DA9JD15&3HMP@KM"E.<Z2Q1:GF:\@"Y.`%1$3
ME`Q1$#!@-O<26TCI(Z;BQ[-?9(QS'?3M<:>:SJ>!EPQL<E=H>QVGM8]KV_15
MHKY*Q9?3S&<L:LM(W:_+5QS98*XO=<'DX-6EO++6E(EW#/Q7<5U:[,F365@&
M3TT:UF6\2LY0$RK4Y5G)%NU'DGQ0"-EK")PQS!)1V\-=4.'VMA)#G-W%A>`=
M'"C2.K)CFRS&1]S+V2]KS'5NPN;0@_9W@`M!VAX:2-6FIK5[CJRKWQZ[>V49
M-X96K.:K'HHO09$KZ+^68S<C,03AFBB_:6![(PL8I[DZRO8&+;B@5(3.!7X[
M;(3VC6M@VBD@>=*[J`M#75T+0'.TH*[C6OPTY+BQ@NG.=-N-6%HUIMJ0XEM-
M0XEK=:FFT4IK7VU6I1VO8:=5+)S%@DI60=VJU6>PJL%)RR3)(MA&?,9((:,B
M(9L9M!PC-DBBR9-6R+9HD0B0<"(]?(WYD8ZX?&UD,,1VM;7:UK=SB!4N=J2Y
MQ)+B22:E<]C9"-PA8]SY99`7.=3<YQHVIH&MT`:`````!1:XU53KJJ+*&ZE%
ME#JJ&_UCJ&$YS?Z3#FG;WND>Y[C5SB2?>5LJUH8UK6CX0*!?//E53")A$PBN
M:G4VT;`LL34*;"OK!8YMVFSC8N/2[BRRJA@`5%#B)46K1`O)UEU3$113*)U#
M%*41"YX?#9//Y*TQ&&LGW&1G>&L8P5))\3X-:.KG.(:T5+B`"5;\IE<=A+"Y
MRF5NV06$+2YSW&@`'@/$D]&M`+G&@`)("Z3/#_Q(@/&JK*/)$S2;VE8VB9+7
M8T1.HT9-@4!=.N5[O)I*)1+90I3+*B0JKQ<O6?@A44TO2'T@]);#TVQ;IK@L
MGY1<L`GF%2UHK40Q5`(C!H7.H'2.&XT`8UNA7JAZFWO/LBV*`.AX[`X]F(Z.
M<:4,LM"07D5#14AC30:ESG3+R9%%281?_]#OXPB81,(F$3")A$PB81,(F$3"
M)A%\'+9L];KM'C=!VT=(J-W+5RDFNW<(+$%-5!=%4IDUD54S"4Q3`)3`/`AG
MQ)''-&^*6,.B<"""`00=""#H01U!7W'))$]DL3RV5I!!!H01J""-00>A"@IM
MKQ,.91U/:N$G2;K7<5%VOT"4WQ,$$^7,)!`WQ!NX,4"^O2I_"F$+<H]+R727
MW&Z4ZF!Q_P!VX_W7$>3NC5,7&?4L!L=ER(&O03-'^\:/[S0?-O5RA!*Q$K!/
MEXR:CGL5(MC=*[*0;+-'*0_@)T5R$.!3!Z@/'!@]0Y#(;N;6YLIGVUW;OBN&
M]6N!:1]!4NVUU;7D++BTG9)`[HYI#@?I"IV<"YU9.R'WRZA6UUSTF^12#8AO
M3DJKY`S)(P<B7U!1P''[_P`!^&6'E%Q\KQW,RUH?EWM'O>-H^MRN^!A[^9QD
M=-.\T_0T[C]06MK-7%/281,(F$4I]!^'FY_(%TU<U^"4KM,4-RYOMF0<L(`$
M2FX4"(`4O=V%WP`@4C0ATP/P"JJ0#U!*?`O1_F?/Y8I,?8FWPQ/Q74P<V*GC
MV]-TKO8&`BNCG,&JCGFGJCQ3A,<D=[>"?*@:6\1#I*^&_7;$WVEY!IJUKCHN
M@+QT\6-9>-L$9I4V9I:U2+9)&QWF721-.RXEZ%%&K8"`9.%A`7*!DV:`]/Y2
M"L=90O='?ST[]+>,^F]B8L3"9<I(T":YD`[LGB6CPCCKJ(VZ:`O<]PW+2GG7
MJ-R#GMX),E*(L;&XF*W83VV>`)\9)*:%[O:=H8T[5)3))6`IA$PB_]'OXPB8
M1,(F$3")A$PB81,(F$3")A$PB818KVG^DGR@/U5^G/8]!_:_-?\`Q7C_`&GR
M?V?_`'YW?V^T_/Q\?3,9Y+_"WRO_`'-\OV:?#O\`M^?;V_>5_<U61\<_B;YK
M_MOO]ZNNS['^?N^[I^_HH&VFG^,[XZB]2VY)P!S`)@8R=3M4VR`WX)HK%A6#
MU!/C\3G<&Y_;\,A3)8KT[F+GXOE,D!_9?#-(WW`]MK@/>7%3+CLIZ@0AK,GQ
MF.8?M,FAC=[R.XYI/N#0H;^0M<BF6N+`6)O]7F&QE8KOJMV%W9JD;!+,Q_.B
M^J"``<RY2`($.8.DW(FX`0R'/4C'VT7&,B+7.6TL=8ZD-N&D-[C?!T`UK30$
MZ'KU4J<'O[F7.V1N<+<124?0%UNX5V.\6SG2E>H&HZ=%K2.4"'.0IRJE*8Q2
MJ$`X$4`HB`'("A$U`*<`Y#J*4W'Q`!],U<<`'$!P(!ZBM#YZT/Z0"I]!)`)!
M!IT]GZ*C]!50C&#5^J*;J:C(4@"4`<2:4PJD/('$1`L-$RR_!!(`#R0/4P<<
MAR(=BV@BG>6RWL4`]KQ(1X_X<<A^KQ'G3@N)I(6[H[224^QA8#_;>P?7X>ZL
M@Z5J;1#]9)38/E53JTSZBG40J^LMS6N0,0!Y,B89&BU5DW5.`<`<IW!2<\])
MN.D9`PO$^"3O8[D'JI9VT/B(++(SOI[/CMH&@GV@N`ZT/183EN2\RA8YN$].
M+JXE\#-=V,+??\-Q,XCRHTGI4=5L:\?Z[]L>N3D:T87Z.V#;S*%,TE=NQEDB
M88CGJ#I(W9V.KUJCI&%00[(.2KK@8`Z3B;-B^`8[\LN.OK:*#/QY#+D_"^_9
M-''7R;-##;#7[.\.=7HZJ@GFU]^8*_LYY9L+)8XL#XF63XGR4\W12RW!T^UL
MVMIU%%N(;>W]NW]GV?:=E+VOMNW[?V_;+V/;]K^5V>UQT=/Y>GCCTS<&+M]N
M/L[>SM&W;2E*:4II2G2FE%JY)OWO[M>[4UKUKXUKK6O6J^V?:^$PB81,(O_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>29
<FILENAME>g36434g95j25.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36434g95j25.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0JP4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````>P```(0````&`&<`.0`U
M`&H`,@`U`````0`````````````````````````!``````````````"$````
M>P`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"!0````!````<````&@`
M``%0``"(@```!_@`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!H`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U5)<LWZR=4(+F"FYFZSTRQCAZCZ_2%?3VM=9NJLS'V7?9<R[9[,6R
M[['Z2([ZP=5;7+:/6_6*&6V,J?%3;+/3R<1]>_U'Y-+/3_3>RK]8_25_H?TB
M4]*DHV6,J8;+"&L:))*P\WJ-N3+&S73^[W=_7_\`()F3((#7?LOAC,SIMW=#
M)ZMCTDMK_3/'[OT1\7_^16?;U3,LX>*V^#!_WYTJHDJLLLY=:\FS'%"/2_-D
MZVU_TWN=_6<3^59W5/IU?U3^57U0ZI].K^J?RJ#-\A^C-B^8-:O*RZOYJ^VO
M^J]P'^:#M6AC?67JE!`L<W)8.0\!KO\`MRO;_P!0LI)5XY9P^61'U9I8X2^:
M(/T>RZ?]8,'-<VIQ-%[M!6_@G_@[/HO_`.K6HO.2`1!U'@MGI'UANQ"VC,<;
M<;@6&2^O_OUE?_@BNX.>LB.7_''_`'34S<G7JQ_XG_>O6I*+'LL8U['!S'`%
MKAJ"#P0I*^TG_]#U5,2`).@"=9_6,GTZA0TPZWZ7DP<_Y_T4V<A&))Z+HQ,I
M`#JT.H9IRK8:?T+#[!XG_2'_`+XJJ22HRD9$D]6X``*'12222"5*AU3Z=7]4
M_E5]9_5/YRH?R2?Q4>;Y#]%^+YPU&5V6/%=;2][OHM:))^04VXV2][JV4V.?
M68>T-)+3_+'YJ)@L]2RQAM]&MU3A:06M<]A+9HJ=9[-]O\I7*WOLL<RQN/Z7
MJ5"VMUQ!;4QGI-L;>Q]?K;:_I6>^[UO\$H80!`)O4LLID$^`<TTW!K'&MP;;
M/IF##H^EL_>4%H57LM/IO>&L<XU4VZ-L<&-?739:YTLJL^S6?9Z[-FSU<GU?
MTGHJG>QE=KF,,M;'<.@P"^O>SV6>D_=5ZC/YQ-E$``@WT71D2:(=7ZO=7.)<
MW#O=^JVF&$_X-Y_]%V._Z:ZU><D`@@\'E=E]7NH'-P0RQVZ_']EA/)'^#L_M
M-_Z:O<CG)_52/C#_`+UI\YA'\Y'_``_^^?_1]57.YUWK9=CNP.QOP;I_U2Z!
M[MC'//#03]RY<$D`GDZGXE5^9.D1]6?EQK(_1=)))5FPI))))2EG]4_G:OZA
M_P"J6@L_JG\[5_4/_5*/-\A^C)B^8-)*!X))*JV%))))*4M3ZMY7H=48PGV9
M#36?ZP_25_\`4N:LM%QK/2RJ;?\`1V,?\FN#BG8Y<$XR[$%9DCQ0E'N"_P#_
MTO4,J?LMT<['1]Q7-CA=/8W>QS/W@1]ZY<2``>1H?B%6YG>/U;'+[2^BZ222
MKLZDDDDE*5?*Q#D/8X/#-K=L$3WW*PDA*(D**02#8:'[+=_I1_FE-^R[/]*W
M_-/]ZT$DSV8=OQ*_W9]W/_9=O^D9]Q2/3+>UC#]ZT$DO9AV_%7NR[N=^S+OW
MV?BF_9N1^\S[S_<M)3I;ONK9^\]K?O*7L0\?M5[LG__3]57.YU/HY=C>Q.]O
MP=K_`-4NB6?UC&]2D7M'NJ^EYL//^9])19X\4+_=U9<,JE7[VCC)))*FVE))
M))*4DDDDI22222E))))*4KG2J?4S`X_1J!<?B?:U4^-2MWIF*:,>7B++?<X>
M`_-:I<,>*8[#59EEPP/CH__4]53$`B#J"G224X'4,(XMLM'Z%Y]A\#_HS_WQ
M55T]E;+6&NP!S'"""L/-Z=;C2]LV4_O=V_U__)JIEQ&/JC\O_1;6++Q:2^;_
M`*342224+*I))))2DDDDE*22XU*OX72WW$67@LJYV\.=_P"08G1B9&@$2D(B
MRMTS!-SQ?8/T+#[0?SG#_OC5MIFM:UH:T0T"`!P`G5S'`0%#ZM2<S,W]C__5
M]527RJDDI^JDE\JI)*?IS)Z3CW$NK_0O/.WZ)^+/_(K/MZ7F5\,%@\6'_OKH
M7SFDJV3V;\?ZC8Q^[]/ZS]!NJM9]-CF_UFD?E45\_)*`UT9QXOT(VFY_T*WN
M^#259IZ3F6$;P*F^+C)_S6KYR23H>W^E:V7'^C3]/8O3,?'(>?TE@X<[M_5;
M^:KB^54E<AP5Z*KP:D^*_5=^+]5)+Y523EK_`/_9.$))300A``````!5````
M`0$````/`$$`9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P````$P!!`&0`
M;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<``@`#8`+@`P`````0`X0DE-!`8`
M``````<`"``!``$!`/_N``Y!9&]B90!D0`````'_VP"$``$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$"`@("`@("`@("`@,#
M`P,#`P,#`P,!`0$!`0$!`0$!`0("`0("`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`__``!$(`'L`A`,!$0`"$0$#
M$0'_W0`$`!'_Q`#.``$``@(#`0$!````````````"`D'"@0%!@,!`@$!``,`
M`P$!`0````````````8'"`($!0,!"1````4#`P$%`@D&"@L``````0(#!`4`
M$082$P<A,105%@@B%T%183(C,R0E-W0UM588"7&10E)B0S2%E;;24W.3TV34
M5:75&1$``0,"`P,&"`<+"P4``````0`"`Q$$$@4&(3$305%A(A0'<8&10F*"
M%192<I*R(U4V\*&QT3*BTE.#LQ?!X3-SHR0T5"4U"&.3TT08_]H`#`,!``(1
M`Q$`/P#?XHB41*(E$7X(@4!,80*4H"(B(@```!<1$1Z``!0D`$D[$`)(`&U1
MTY!]3G'>$G58QRY\QFDA,0[.#62&/;J%O[#R:,"C0@Z@$HE0!PH0P6,4M0#/
M>\;(,G+H8'F[O!YL9&$'TI-K>CJXB.4!3O).[[/<W#9IV"UM#YT@.(CT8]CO
ME80>0E1%RKU8\HSIE$X96,Q)F8!(4D6S3>/A(:_ULA*%=""H7MK130$/@Z]:
MJW,^\_4EZ7-M'1VL)^`T.=XW/KMZ6AJLW+N[73MF&NNFR7,OIN+6^)K*;.AQ
M<L'RV>YQ/&,:9R_)9/5VIO)N161*%Q-I30.X%!(@&&X%*4"A\50VZSO.;TDW
M>:W$E>1TCR/$*T`Z`%+[;)<HLP!:97;QT^#&T'QFE3X25@CF,1-QME9C")C&
M:M1$1$1$1&39"(B(]1$1J`ZW).ELX).W`W]XU3+2H`S_`"T`;,3OF.4`8R:F
M(547$-+2<2N(E$5HQ^Z8*B)`.4HBHU52.(E*J8`Z]`,/QC6<;:]O+)YDL[N6
M&3G8YS3R\K2.<^4JZ;BTM;MN"ZMHY6<SVAP\A!YAY%(/"O6%ZF,!624@^8LQ
M>()&+]@RA^&91YD@&YD"M<K3F"-TE`N`BCM'+>Y3%-80L#)>^#O+R%['6.L+
MQ[!YL[NT,IS89Q)0'T:$<A!VJ$YMW7:`SICFWFEK5KSYT+>`ZO/6$LJ1Z51S
M@C8IZ\3?O79=NJWCN:L`:R#41(FID^`',R?I%`2E%5UC,P[69OE#@(F.9%\T
M*6UBI#?I?.D_^5=W&Z.WUID#)(M@,UKU7#I=#(XM<>4ELC`.1AKLIC4O_&ZV
M>U\^D\Z<R3]5<]9IZ!*QH<T<@#HW]+@K6^*.<>*^;H<9GC3,8O(B(IIGD(U-
M0S2>AQ4Z`27@GA4)1@`J`)2J'2V51*(IG.7K6JM*:XTMK:S[9IK.(KAH`+V`
MX98Z_K(G4>S;L!+<+J'"2-JS?J32&H](W79<_P`KD@))POIBC?3X$C:L=LVD
M`XAYP!V++%2Q1I*(E$2B+__0V_C^OK'C98MQPWX.YI+RE*S&&1O'W'4JUP2`
MR+.6^<8US9FT0NZ),9NU0XUE28-Z><HFSQ.5FA948U%H8B!UW!V[<OVG2OW"
M/WB_`N=+Q,U'IY-&<33^.#,0G,LVA#M,1?RJ'`N*>IN1QL8E"8=9DV>L.%\P
M0DC.%(T&AW31XS*H+A)(JY*'QJ2/I\YLAO41Q-CW+<#CF4XA&Y#)YI%%QO-F
M36-RJ(>81G.28%*M9N/9/)!!B]\5QA8PH[QSIE,!3V.!@`A%#1>]S+-<;P&#
M<9!D\BFP8H^PD3H=V^<F`1391[4!!1V[5`HB!2]"E`3&$I"F,'F9MG&7Y'9O
MOLQG#(1L'*YQY&M&]SCS#<*DT`)'HY5E-_G5VRRR^`OF._X+1RN<=S6CG.\T
M`J2`:RN6O4-EO)*KB-9*+8YB(G,5*'9KB#F02#H52;>)Z#.A.'78+9N2X`('
M,4#CG75&O,TU"Z2WA<;?*Z[(VG:X<\CAOK\$=4<Q(Q+0.F=#Y9D#67$S1/F?
M*]PV-/-&T[OC'K'G`-%'VH*ILE$2B+&?,7X:Y5^2-/TFRJ*ZV^RV;_$;\]JD
M&EO]_P`N^,[YCE7A6:%>*41*(O18IEV3X-/,,GPZ?E<:R",5W6,O#/5V+U`>
MPZ>Z@<HJ-UR7(JD?4DJF(D.4Q1$!]'*LWS3([^#,\GOY;;,(C5LD;BUPYQ4;
MP=SFFK7"H<""0NCF669?G%G-E^:64=Q8R"CF/:'-/B.XC>"*$':""*J\7TE?
MO%HKD%>,X[YT5C\<S5R9%E"YPDFE'XSE#DVE))I,HETML<G71A`2G+HCW)Q$
MI0;&VDE-O]TW_(FTU`^UT]KE\=MG3J-CN0`R&=VX-D&Z&5W(12)YJ!PSA:[(
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MYJ#8A0,($3,</,S?-K/),OGS&^DPP,&[E<X[FM'*XG=S;S0`D>CE65WF=7\&
M7V3,4SSOY&M&]SCR`#:>?<*D@&NKD_D_(>4LA4FII38:(;B,-#(J&,RB&1C`
M.TE<"[SI;2`KKB`&5,`="D*0A<MZCU'?ZEOW7=V[#$VHCC!ZK&\PYW'SG;W'
MF``&F=/:>L=.V+;2T;64T,DA'6>[G/,!YK=S1SDDG&]1]>\E$2B)1%C/F+\-
M<J_)&GZ395%=;?9;-_B-^>U2#2W^_P"7?&=\QRKPK-"O%*(E$2B)1%=)^[^]
M:[IXYA>`^7)85U5@0B^-,ND5KKJJE#;:87-NUC?3**@!4XM8XZS'LU$3"9``
MV?W`]]4LTEEH+5MWB>:,L[AYVD[FVTCCO)V"!QVDTB)),864.^ONECBCN]::
M8ML+15]W"T;`-[IXVC<!OF:-@%9!0!Y5S-;)65$HB__2W^*(@B``(B-@#J(C
MT``#X1HBJD]17+*G(V7*1L6YUXCC2RS2)*D<10DWA1%-Y-F`/94WS`*;<>H`
MW*!@L*A[YDU]JAV?YHZWMI*Y5;DM93<]VYTG37<WT1787%:1T+IH9#EC9[B.
MF9W`#GUWL;O;'T4WN](TVAH4>*@:G"41*(E$2B+&?,7X:Y5^2-/TFRJ*ZV^R
MV;_$;\]JD&EO]_R[XSOF.5>%9H5XJ2>!\5<<9DQCX%')<E=9U(\>Y?G\E+1:
M$6?!<"#%V61R:,'EQ%B&E%"O(^"1,YD"+MDF*DBB0$5Q*.JR<BTKIS.8+>P9
MF5R[/9,ON+I\C`SLMKP6S/$5P",9Q,B:7RAS&Q&9C<$A!K`<YU'GV533WKK"
MW;D\=]!;,8\O[1<\9T3#)"0<`PND<&1EKS((G'$RNSN9?@.*@^/<<R=]&\EG
M<S>(8ME3_*&\=$*X%CC;+5D3,7LH1$'&1&A&;1VB59TF04Q<GV0,"H"F';N]
M!6MCI_+LSGMLR,D]G!.^<,C-K")R,+GTK+PFM<T.>!3&<`./JKJVNM+B\SN^
MR^&XL!'#=30MA+GBXE,(.)K*TBXCBUV%A-<`QTP]9<7D?@_%\..:19RDTC"Q
M;++59=K*R6-R$N^0AUHB,PK*(AQ`[\:GC_*,W.%3CT+NG+=JP>NM;ELD54WS
MU'HC*\G)N(;J8643)S(U[X72.$9C9;31F*K!%>RR@1-Z[V,BFEK)&T//UR'5
MV89H!!+;Q&[D?"&%C)6L:7A[YX7B2CS):1QDR.ZC7/DBCI'(XM$7:J]6&OZ(
M<Z1R*)G,FHF8ITU"&$AR'((&(<ARB!BF*8+@(=0&OUKG-<'-)#@:@C>"OP@.
M!:X`M(VA;*_H2]2Q^?N+O#<G?%7Y+P`&D1E!U#E!S/1RB9BPN5Z+W.I()HG1
M=B'8\1.<0(55,M?TG[BN\IVOM+]FS.<.U+E^&.>N^5A'T<].=X!;)_U&DT`>
MT+`O?'H`:*U%VC+X:9!>XGPTW1N!^DA\#20YGH.`VEKBIR5>"J!?_]/?XHBC
MYZE<_/@_&[U!BL*4UE1S0$<8@V50;KI&-+/26L)=EC=,I@$#$56(8.RH+WA9
MX<FT_,R%]+RY/"9S@$==WB;L!Y'.:5-M`Y*,WSZ%\S*VEL.([F)!ZC?&[:1R
MM:0JH*S$M)I1$HB41*(E$6+.:E11XQR@Y0`1%.+2L-[67FXQ$P]+=0*H(A\M
M1'7;RS2F;$#DC'EE8/Y5(])M#M09<#SO/DC>57O6;%=RDT7D[C$.*8CCIDGR
M7C'W5NYFGC0XF@QSW+`<O7:,EDTBJ4DY)PL=OHH,V"AQ:M4T`5(EWA114]F#
M4VF?=6TT["W,K4<*MP(>`&W4^)S@^9YI(^-E6MCB<<#`W&&\1SG&OSI[4'O)
M=9[,ZPN/I*0&7C%UM#1K2V)H^C9(ZCG/D`QO+L)=@#6C@Q')?&N*Q,Y,8O!Y
MFWS?).+'_&4A"2,BS>X0R4G<=;XQD>3M9)PZ<9`]3>LR+N6D4L@1)@]6(<CD
MR;9-(?A::ETUE=I?7F5V-ZW.[G*G63XWO:ZV:981#-,UY<97!S<3XX'-#8I'
M-+9"V-K3]KK(,_S&YL[7,;RT=E%OF+;MLC6N;<.$<IEBB+0!&TM=A8^9KB9(
MVD&,.D<X=7QCRI$<?&AVB2<^T;N$,B>9#/PA&2&3PV42$3+8]B^08DHJ\(@J
MXPB-?*+LS+*-5M^3?%(HB;N[A/JZ9U3::?-G$UMPR-S9G32QX1-'.^.2*"6`
MEU";9CBZ,N+'8IIPUS#PY&]C4.G+K.Q=2N,+GM,38HY,1B?"U[)9HY@&D@7#
MVAKPT/;ABA):\8V.\-RAEK#.<YF<FC&3IFS?)0[8AI`S<TK)JQ$%&0SK(IPS
M0`:#D&4NX\\E(;5TN^NU=`B6PCX>J,VM\\SR\S.VA<R%XC`QTQO,<3(W32X>
MKQ9W,,TN'9Q)'4J%[&G<LFR?)[3+[B5KY6%YZM<#`^1\@BCQ;>%"'"**NWAL
M;7:O`5X"]I26])'-B_`_..)9>JX,EC4BX+B^;)"?2BKBLVNW1>NE0N&HT(Y3
M1D$PN&I1J!1$"F&K*[I=:R:$UQE.;ODIELCN!<BNPP2$!SC_`%;@V4<Y8!6A
M*@'>;I)FLM(9GE;65OXV\:W/*)HP2T#^L!=&>8/)W@+:DW4]O>W";.C=W=9=
MO;TZMS7?3HT];WM:OZF8FX<>(8*5KR4YZ\R_G+A=BP83BK2G+7F7_]3?XHBK
M)]7>4GF.2&N.IG`6F)1#=`2`.H`DIDB4D\4[;!J9&:$$.T!3ZC\`9T[U,R-W
MJ".P:[Z*UB`IZ<E'N/R<`\2T%W8Y<+7(9+YS?I;F4FOH,JQH^5C/C44ZK-6.
ME$2B)1$HB418HYO_``OR?^Y?\PQ-0[7WV3S;]E^^C4ETC]H<O_:?NGJONLWJ
M[$HB41*(E$2B)1%?O^T@Y_\`FS[P.^F\W>3?='N[X]^\Q=_\B>)[_;XEX!][
MW[=7RUOC^(\O_P`W^\'&_P!7['V"M>MQL79<=?A\+Z?PK%ON''_'KV)P?],[
M5VVE.KPL/:,%/@\3Z'^9?__5W^*(J7.5949KDO.Y+7N$7RJ;(W/<IKM&K]9H
MRZE,<HV:($#H(A\0VK(FIKDWFH<ZN*U#KF2GQ0XM;^:`M7Z;MA:9!DUO2A;;
M1U^,6@N_.)7@*\->TE$2B)1$HB418HYO_"_)_P"Y?\PQ-0[7WV3S;]E^^C4E
MTC]H<O\`VG[IZK[K-ZNQ*(E$2B)1$HB412#]X[K]EGW4[ZNS[]O.NWN#;8\B
M>$]WM:_=^]?2Z-6C=]K3JZU8/O'+_"WW5XAP>W>TTKR=EX=/!BZU-V+;2NU0
MCV#'_$7WDP#'[&X%>GM&.OAILKOILK38O__6W^*(J+YI4Z\Q++*FU*+2;]50
MU@+J.HZ5.<UB@!0N8>P``*QA>.<^[NGN-7&1Q/A+BM@VC0RUMF-'5$;0/$`N
MMKKKL)1$HB41*(E$7@>3X&2R?!IR#ATB+R+WPWNZ2BR:!#]VEX]XK=54Q4R6
M0;F$+B%Q"U1S5F776:Z?S"PLF!US)@P@D`'#(QQVG9N!7M:>O;?+\XL[RZ<6
MP,QU(!.]CFC8-N\A1$]P_)7_`&=I_B\9_P!35+_P\U3_`))G_<9^DK/]\L@_
MS3OD/_$O@KP9R<F(`3'DUP$+B9*9A``!OV#O2*)K_P``"%<']W^JVD`9:'>"
M6+^5X7)NL-/D;;XCPLD_D:5\_<ARA^K'_FL>_P#;5P]P=6?5/]K#_P"1<O>[
M3WUA_9R_H+BCPYR6`B'E5UT$0Z/(L0Z?$(/A`0_@KY>Y&J1L]D/^5'^FOI[T
MY!]9-^2_]%?-3B#DE(HG-BCX0"W1-=@J;J-NA$G9SC_%TKB[16J&#$<GDIT%
MA^\'$KD-3Y"XT&9,KX'#\+5Q_=3R)^J4M_NTO^+7R]S]3?4TWD'XUS]Y,B^L
MXO*?Q+X*<9<@I&TFQ"=$;`-TV*BQ;#_32UDOT[+WKYNTIJ1AH<EN*]#"?P57
M-NH,D<*C-(?&X#\*^?NVS_\`4_(/\,<_Z%<?=;4?U)<_(=^)<O;V2_6D'RQ^
M-?_7W^*(J1,W8#%YGET88H$&/R:>9"4"%3*7NLHZ0L5,HF*0OL=``1``[!K'
M.<PFVS?-;<BA9<R-YMSW#<M<Y1,+C*LLN`:A]O&[GWL!7F*\Y>@E$2B)1$HB
M41*(E$2B)1$HB41*(E$7?>!K>6/,FE3N_CW@>K^JWO#^_P"GYOUFC^EV?!7=
M[$_V;[1H>'Q^'T5PXO*NGVQOM#L&S'P>)TTQ85__T-_BB*I?U+X\;'^8,D$"
M"1M.E99"T$0MK+(-RD>'#X!#Q5LX"_R?'>LO=X=@;'5>8&E(YL,K?6'6_/#E
MI;0%\+W2]@*UDAQ1'U3U?S"U8%J$J9I1$HB41*(E$2B)1$HB41*(E$2B)1%,
M+W=K?LD^+=V'OWFGSYHTCO\`<MWRQJO_`*CPO[3:^G1[5M56O[!?_"[M7#^F
M[3VGIPUX/DP=?FIMWJKO;C?XF=FQ_0]G[/T8J<7RX^ISUV;E_]'?XHBAAZQL
M*4D<<@LX9I:E<=<GBI82!<WA<JHGW-PH-OJVDD0$PZ]KK^*H^]C)W7%A99S$
MVKH'8'_$>1A)Z&OV>NK6[K,V$%_>9/*[JSMQL^.P'$!TN9M]15V50BO-*(E$
M2B)1$HB41*(E$2B)1$HB41=YC./O\JR&&QN,()WTU(M8]O8HF*F+A4I#KJ``
MA9%LF)E%!N`%(41$0`*[F76,^9W]IE]N*S32!HZ*G>>@#:>8`KJ9A>PY;8W5
M_<&D,49<>F@W#I)V#I(5T'E.(\G^2-G[C\N^6=FP7\-\.\,M_M.[_#VZNO;6
MNO9=K[*]C8/[GV?@T]#!@\M/OK*/M*Z]J>U\?]\X_%KZ6+'Y*_>7_]+?XHBZ
MB?@X_)825Q^51WXZ88.8]VGTU;+E(R8G3,(#H62$0.0W:0Y0$.H5U;ZS@S"S
MN;&Y;BMY6%KAT$4V=(W@\AVKM65Y/87=M>VSJ3Q/#FGI!KMYP=Q'*-BICSS#
M)/`,KF,5E2COQKDQ4'.@Q$G[!3Z1C((7Z"DZ;F*:P".@UR#[11`,CYWE%SD>
M9W>670Z\;MAY'-.UKAT.&WH-0=H*U7DV:V^=9;:YC;'J2-VCE:X;'-/2#LZ1
M0[B%Y"O*7J)1$HB41*(E$2B)1$HB41*(E$4\?2%QDH4SSD^6;B4IB.8G%B*D
MZF`P[4M+IB/4"V`S1,P=MU@'^2(W9W5Z<<#+J.Z9LH60U\CWC[[!Z_0J:[S]
M0-(BT];/VU#YJ>5C#\\^ITJ>-76J;7__T]_BB)1%'CU!\-)\GX^61B$TD\R@
M$%#19S6($JR`3*KPBZHV`HJ'$3MC&]DBPB`B4JAS!`]=:2;J.Q%Q:M`S>`'`
M=V-N\QD].]A.P.V;`XE3C1.JG:>O3!=.)RJ8C'RX';A(!T;G`;2W;M+0%56Z
M:N63EPS>-UFKMJLJW=-7"1T7#=PB<4UD%T5`*HDJDH42F*8`$!"PUF>2.2&1
M\,S"V5I(((H01L((.T$'>%HZ.2.6-DL3PZ)P!!!J"#M!!&P@C<5\*X+FE$2B
M)1$HB41*(E$2B)1%F7A7B*2Y6R4C807:8Q&*)+Y%+$+84T!$3$CF1S`)#23\
M"B4EP$$B:E#`8"@4TMTAI6XU/F`C(<W+HR#*\<@Y&MY,;MP^"*N(-*&*ZLU/
M;Z;L#("'9A("(F<Y^$[T&[SSFC016HMPC8UC#Q[**C&J+*.CFJ+-DT0+H1;-
MFZ94D44R]1TD(4`ZW$>T>M:DM[>&T@AMK:(,MXVAK6C<`!0`+,T\\UU/+<W$
MA?.]Q<YQWDDU)*YM?9?%?__4W^*(E$2B*,'._I[9\CD4R7&>[1F:H)`"Q3@5
M%ED:210*F@^4"P-Y!(A=*3D0$#%`$U/9TG2KC6NA(M0-=F&788\X:-O(V4#<
M''D</-?ZKME"VPM&ZWER$ML,PQ2923LY71$[RT<K3YS?6;MJ'5GS$-*X_).X
M>;CW47*,511=,GJ)D5TCAU`1*8/:34*(&(<MR'*(&*(@(#6=[NTNK"XEM+R!
MT=RPT<UPH1_,=X(V$;1L5_VMW;7UO'=6D[9+=XJ'--0?YQN(W@[#M765UUV$
MHB41*(E$2B)1$HBS=Q#P;D_*CY-R0BD1B;=;3(Y"ND.A308`491"1[=_?CU`
M1#Z)'M4,`Z2'F.E=&9CJ:9L@:8LK:>M*1OIO;&/.=^:WSC6@,1U/K#+].0NC
M)$N9N'5B!W<SGGS6_G.\T4J1:?B.(P.#P++',<9$8QK$G0.AEW*Y@#?>O5[`
M9R\<F"YSC\@``%`I0TME>5V6364.7Y?"&6[!XR>5SCRN/*?$*``+.>9YG>9O
M>37]_,7W#SX@.1K1R-'(/&:DDKTM>@N@E$7_U=_BB)1$HB418YY"XJPSDU@#
M3)HP#NT2&(PFF8E;3$<)AO\`9W8$,"B(B-Q15*HB(]=.H`$/`S[3.4:BAX68
MV]90.K(W9(WP.Y1Z+@6\M*[5[N1ZCS73\W$R^XI$3UHW;6.\+>0^DTAW338H
M"<@^E3/L5.L\QDH9K#%$QR^'I@A.-T[]"KQ!U#F="%P`!:G6,;J(D(%4?GO=
MGGF6E\N7#MEIZ(I(!TLKUO4+B=^$*Z<D[Q\ES$,BS`]DNO2-8R>A]-GKAH&Z
MI49G;-VP<*M'S5PR=(FT+-G:"K9PD;^:JBL4BB9OD$`JNI8I8)'131.9*-X<
M""/"#M"L"*6*9C989&OC.XM((/@(V%<>N"YI1$HB41>UQ'CK-L[<`ABN.24J
M77H4>)H[$8W-<`$',HY%&/0,%[Z3*`80`;`-J]?*L@SC.GX,LR^245VN`HP>
M%YHT>`FJ\G,\]RC)F8\ROXXS38TFKSX&"KCX0**;'&GI$BXM1O+<CODIQV30
MJ3'8TRR<.D</:*$@^$$74EI&UTR%12U!815(-JN'3O=9;6SH[K4$PFE&T1,J
M(P?2=L+_```-;SEP52Z@[SKFX$EMD,)AB.SBNH7GXK=H;X27'F#2IFM6K5BV
M09LFS=FT;)$1;-6J*;=LW13`"IHH()%(DDD0H6`I0``#LJW(HHX8V10QM9$T
M4#6@``#<`!L`',%5,DDDTCY9I'.E<:DDDDD[R2=I/25R*YK@E$2B+__6W^*(
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MGUA;]T\Z_=_?;?5;7\NUNM6-D'8.-%V7W;QXA7C=LQ;_`#>T=7%S4Y:*OL][
M=PI>T^\."AIP>R8=WG<#K8>>O)56/Q'YL8_F[^S)?FC\V?-#^P_\M_-^2M`6
KO^&A_H_R1^1^1ZO1S*A[K_$3?TGY1_+_`"_6Z>==C787P2B)1$HB41?_V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
