Press Release from the Annual General Meeting on March 16, 1999

[REMOVED GRAPHICS] ALLGON PRESS RELEASE March 16, 1999 Press Release from the Annual General Meeting on March 16, 1999 At today´s Annual General Meeting, the shareholders of Allgon AB (publ) approved the Board of Directors´proposed dividend of SEK 0.75 per share (last year: SEK 0.65). The record date for the right to the dividend is March 19, 1999.The dividend is expected to be sent out by Värdepapperscentralen VPC (the Swedish Securities Register Center) on March 26, 1999. The Annual General Meeting approved the authorization of the Board of Directors to decide on a new issue of a maximum of 1,000,000 Class B shares without preferential rights for the shareholders to utilize in connection with company acquisitions. Gunnar Bark, Jonas Kämpe, Mats Ljunggren, Ulf Saldell, Per Wejke and Per Welin were reelected as members of the Board of Directors. Jan Edhäll was elected as new member. Bertil Johanson was reelected and Lennart Danielsson was elected as auditors. At the meeting of the Board of Directors held following the Annual General Meeting, Gunnar Bark was reelected chairman. Jan Edhäll, President of Allgon AB, mentioned in his statement the passed year and emphasized Allgon's continued international expansion and investments in product development. He also commented on the start of 1999 in the following way: "The mobile telephone antenna business with mobile telephone antennas within Allgon Mobile Communications continues to develop positively. The demand from our customers within Allgon System has so far been on the same level as it was at the end of last year. Allgon has still not had any significant impact in the USA of the operators' simplified tariff structure. Our investments in radio link products and satellite antennas for mobile telephones will continue and will burden the result for the first half of 1999, whereas we, as planned, count on invoicing for these products during the second half of the year." For further information, please contact: Jan Edhäll, President and CEO Telephone: +46 8 540 822 31 Claes Silfverstolpe, Chief Financial Officer Telephone: +46 8 540 822 32 Upcoming financial information dates April 15 - Three-month interim report July 13 - Six-month interim report October 19 - Nine-month interim report ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/03/16/19990318BIT00240/bit0001.doc http://www.bit.se/bitonline/1999/03/16/19990318BIT00240/bit0002.pdf