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Göran Gezelius to leave Atlas Copco

December 21, 2004

Stockholm, Sweden, December 21, 2004: Effective April 1, 2005, Göran Gezelius, Business Area Executive for Industrial Technique, will leave the Atlas Copco Group for a position as President and CEO for Swedish-based Gunnebo AB.

For further information please contact:
Annika Berglund, Senior Vice President Communications
+46 (0)8 743 8070 or +46 (0)70 322 8070

Atlas Copco is an international industrial Group with its head office in Stockholm, Sweden. In 2003, the Group had revenues of approximately BSEK 45 (BEUR 4.9), with 98% of revenues outside Sweden, and about 26 000 employees. The Group produces and markets compressed air equipment and generators, construction and mining equipment, electric and pneumatic tools, and assembly systems and offers related service and equipment rental. The Atlas Copco Group includes famous brands such as Atlas Copco, RSC, and CP Chicago Pneumatic. More information can be found on www.atlascopco-group.com.