Framfab's New Issue Fully Subscribed

Framfab's New Issue Fully Subscribed In Framfab's rights issue with preferential rights, which was concluded on June 19, 2001, shares in an amount of SEK 150 million were subscribed, of which 83.5% were subscribed on the basis of preferential rights. Accordingly, the new issue is now fully subscribed and successfully completed. In May, Framfab completed a directed issue of new shares in an amount of SEK 175 million, which was oversubscribed. Accordingly, the terms and conditions for both issues have been fulfilled, whereby the total proceeds for Framfab will amount to SEK 325 million, before issue expenses. Subscribers of the two issues include both institutional and private shareholders, such as Livförsäkringsaktiebolaget Skandia, Antfactory, Sven Skarendahl (Chairman of the Board of Framfab), Johan Wall (CEO of Framfab) and a number of other senior executives and founders of Framfab. "I am delighted by the level of support we have received from our shareholders and institutional investors," said Sven Skarendahl, Chairman of the Board of Framfab. "Our shareholders and clients will benefit from this, since it means that we can complete our structural change and achieve a tight focus on our core business, digital services based on Internet technology," said Johan Wall, CEO of Framfab. "We are already seeing the positive effects of this refinancing on the business. Since we announced that the new share issue was guaranteed, we have secured a number of new agreements with clients, including the already announced agreements with Orange Sweden and Packard Bell," said Johan Wall. In total, all the 149,841,219 shares offered in the rights issue were subscribed, whereby the number of Framfab shares after the new issue totals 474,682,438. For more information please contact: Mattias Söderhielm, Acting Press Officer, Framfab Phone: +46 70 94 121 12, mattias.soderhielm@framfab.se Sven Skarendahl, Chairman of the Board, Framfab, phone +46 8 545 258 00 Johan Wall, CEO, Framfab, phone +46 8 545 258 00 Framfab is a global Internet professional services company, delivering digital services based on Internet technology. Framfab has offices in Denmark, France, Germany, the Netherlands, Sweden and the UK. Many large global groups work with Framfab, including 3M, AstraZeneca, AXA, Bosch, Electrolux, Orange, I K E A, le Groupe Pernod Ricard, Kellogg's, Packard Bell, Nike Europe, SAAB, BT Ignite, Volvo Car Corporation and Volvo Group. Framfab is listed on the Stockholm Exchange's Attract 40 list (ticker FTID). For more information, please visit www.framfab.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.bit.se/bitonline/2001/06/25/20010625BIT00020/bit0001.doc http://www.bit.se/bitonline/2001/06/25/20010625BIT00020/bit0001.pdf

Subscribe