Framfab secures its financing

Framfab secures its financing Framfab announces that it has entered into underwriting arrangements with Ice Securities and Alfred Berg for a total MSEK 100, in addition to the commitments for MSEK 15 received from senior executives and founders of Framfab and Skandia as mentioned in the prospectus. The company announced on May 25, 2001 that Framfab's directed issue of new shares to strategic and institutional investors that took place between May 9 and May 24 had been oversubscribed. The directed issue of MSEK 175 becomes unconditional following completion of the preferential issue at a minimum level of MSEK 100. "This is very positive for Framfab, its employees, customers and shareholders that both new issues now are secured," said Sven Skarendahl, Chairman, Framfab. "We can now focus on strengthening our client relations further and at the same time build a profitable Framfab", said Johan Wall, CEO, Framfab and added: "I am also very grateful for the support from our employees. Their level of commitment over the last few months has been outstanding." The subscription period for the issue of new shares with preferential rights to existing shareholders is from June 5 through June 19, 2001. More information about the terms and conditions of Framfab's new share issues can be found in the press release of May 25, 2001. The prospectus is available at For more information, please contact: Leif Andersson, VP, Corporate Communications, Framfab, tel: +46 709 41 22 32, Johan Haeggman, CFO Framfab, tel +46 8 545 258 00 Sven Skarendahl, Chairman of the Board, Framfab, tel: +46 8 545 258 00 Johan Wall, CEO, Framfab, tel: +46 708 545 258 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, Carlsberg, Electrolux, France Telecom, the International Red Cross, I K E A, le Groupe Pernod Ricard, Kellogg's, Packard-Bell, Nike Europe, SAAB, SAS, Viag Interkom, Volvo Car Corporation and AB Volvo. Framfab is listed on the Stockholm Exchange's Attract 40 list (ticker FTID). For more information, please visit ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download: