Adera to sell communications business

Adera to sell communications business As a final step in streamlining its operations, the Board of Directors of Adera has decided to sell the subsidiary Adera Kommunikation AB to key persons and members of the subsidiary's senior management. This transaction will generate a total liquidity increase for the parent company of SEK 6 million, but also a capital loss of approx. SEK 2 million. As a result of this transaction, Adera's resources will be concentrated solely to IT business activities. After the sale, the total number of employees in the Group will be just under 100 persons. The sale of the subsidiary is subject to the approval of a Special General Meeting of shareholders. A notice pertaining to this meeting will be issued in the next few days. For further information, please contact: Torbjörn Lindh, President and CEO Phone: +46 (0)70-92 73 085 Nils-Ove Andersson, Vice President Phone: (0)70-30 36 733 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/03/13/20020313BIT01060/wkr0001.doc http://www.waymaker.net/bitonline/2002/03/13/20020313BIT01060/wkr0002.pdf