Offer on SOL still attractive to Eniro in spite of Government's proposal

On November 20, 2001, Eniro AB (publ) ("Eniro") made a cash offer ("the Offer") to the shareholders of Scandinavia Online AB (publ) ("SOL").

Yesterday's information from the Government proposing restrictions in the right to deduct capital losses on shares in subsidiaries effective today is estimated to reduce expected positive tax effects in the year 2002 for Eniro from approx 160 MSEK originally to approx 60 MSEK in connection with the possible acquisition of SOL. Eniro still considers the acquisition of SOL to be industrially and financially very attractive. The new regulation is not expected to affect the realization of the Offer.

About Us

Eniro is a search company that aggregates, filters and organizes local information. Our growth is driven by users’ increasing mobility and multiscreen behavior, where we are at the forefront with modern technical solutions. For more than 100 years Eniro has helped people find local information and companies find customers. Today it is a multiscreen solution – our users search for information using their smart phones, tablets and desktops. Mobile advertising is today the fastest growing part of Eniro’s business. Eniro is the local search engine. A smart shortcut to what you need, no matter where you are or where you are going. Eniro is one of the largest search companies in the Nordic region and Poland. The company has approximately 2,000 employees and has been listed on NASDAQ Stockholm since 2000. During 2014, Eniro revenues amounted to SEK 3,002m and EBITDA was SEK 631m. Approximately 88 percent of Eniro advertising revenues come from multiscreen channels. The company’s headquarters are located in Stockholm, Sweden. More on Eniro at www.enirogroup.com. Eniro – Discover local. Search local.

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