New CEO & President

Allgon AB - new CEO & President The program laid out, when Torsten Körsell was appointed CEO & President for more efficient assets management and for an increased penetration in key markets is now essentially finalized. Torsten Körsell and the Board of directors have jointly concluded that the further development of the Allgon Group will require an in-depth knowledge of the telecom industry. The time is right to introduce a new CEO & President and the Board will, therefore, immediately initiate a search process. Torsten Körsell will continue to lead and further develop the Allgon Group until his successor is in place. Åkersberga, August 27, 1998 The Board