LGP's holding in Allgon exceeds 90 percent

This press release may not be distributed or published in the United States of America, Australia, Japan or Canada. The offer is not being made to persons whose participation requires an additional prospectus, registrations or measures other than those prescribed by Swedish law. LGP's holding in Allgon exceeds 90 percent The public offer of LGP Telecom Holding AB ("LGP") to the shareholders of Allgon AB ("Allgon") has been accepted to such an extent that LGP holds 92.4 percent of the votes and 90.1 percent of the capital in Allgon on an undiluted basis. LGP intends to initiate a compulsory purchase of the remaining minority shares in Allgon. In addition, the intention is to apply for a de- listing of the Allgon shares from the Stockholm Exchange. In order to enable the remaining shareholders in Allgon to participate in the offer, LGP has decided to further extend the acceptance period until Friday April 11, 2003. · For every share of series B in Allgon, 0.7 newly issued share in LGP is offered For those who have already accepted LGP's offer, settlement is expected to begin on or about April 3, 2003. For those who accept the offer during the further extension of the acceptance period, settlement is expected to begin on or about April 22, 2003. Solna, March 28, 2003 LGP Telecom Holding AB For further information, please contact: Bengt Broman, CEO, LGP Telecom Holding AB Telephone: +46 705-70 10 30 E-mail: bengt.broman@lgp.se Claes Silfverstolpe, CFO, LGP Telecom Holding AB Telephone: +46 8-507 481 03 E-mail: claes.silfverstolpe@lgp.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/03/28/20030328BIT00030/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/28/20030328BIT00030/wkr0002.pdf