Atle divests its final SPCS-Gruppen shares

Atle divests its final SPCS-Gruppen shares * Exit gains: SEK 35 m * Annual return: 105 % Atle AB has divested its remaining 4,264,470 shares in SPCS-Gruppen ASA, corresponding to 7.6% of SPCS's capital. This transaction generated exit gains of some SEK 35 m, and implies an average yearly return on Atle's investment in SPCS of 105 %, including the divestment effected coincident with the June 1997 IPO of Scandinavian PC Systems AB, SPCS. Atle acquired SPCS in 1995, and subsequently its strategy has been refined and concentrated. In June 1997, SPCS was floated on the Stockholm Stock Exchange's OTC list, with the acquisition of Akribigruppen- an enterprise that develops and sells support systems for large corporations- in the same year. In 1999, SPCS-Gruppen was formed through the merger of Scandinavian PC Systems AB of Sweden and Norway's PC-Systemer ASA. This transaction created a market leader in Sweden and Norway within support systems for small enterprises. Atle now considers that it has fulfilled its ownership issue role in SPCS- Gruppen; the sale is consistent with Atle's business concept of exiting holdings after completing its tasks. Stockholm, Sweden, 20 November 2000 Atle AB (publ) For more information, please contact: Bengt Paulsson, Chairman of Atle IT, +46 (0)70 591 7294. ATLE AB (Publ) BOX 7847 103 99 STOCKHOLM, SWEDEN, VISITING ADDRESS: BIRGER JARLSGATAN 25 TEL.+46 (0)8 506 10100 FAX. +46(0)8 506 21100 CORPORATE ID NO. 556454-8799 ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download: