ELEKTA INITIATES REPURCHASE OF OWN SHARES

PRESS RELEASE Stockholm, January 19, 2005

Elekta has on January 19, 2005, repurchased 20.000 B shares at an average price of SEK 219.04. Elekta’s current holding of own shares (treasury stock) amounts to 20.000 B shares. The total number of shares in Elekta is 31,567,454.

The repurchases currently being carried out are in line with the Board’s decision on December 14, 2004, to mandate executive management to implement the repurchase of shares amounting to SEK 50 M, corresponding to 20 percent of net profit in the 2003/04 fiscal year.

For information regarding implementation of additional purchases within this mandate, Elekta offers reference continually to www.elekta.com/investors or to www.stockholmsborsen.se.

Elekta’s dividend policy is to distribute 20 percent or more of net profit to the shareholders through dividends, share repurchases or comparable measure. The ongoing repurchase program is being carried out for the purpose of fulfilling the company’s dividend policy.

Purchases will be made on the Stockholm Stock Exchange and at a price within the registered price interval at the time of each purchase. Purchases may be made during the period until the next Annual General Meeting. Shares acquired in accordance with Elekta’s dividend policy will be cancelled.