Inter IKEA new main shareholder in Glocalnet via Catella IT

Inter IKEA new main shareholder in Glocalnet via Catella IT Catella IT has acquired 2 million shares in Glocalnet AB on behalf of Inter IKEA. The seller of the shares is the Norwegian investment company, Cognition AS. Following the acquisition, Catella IT and Inter IKEA will together own 20% of the fully diluted share capital in Glocalnet. Glocalnet is listed on the O list of the Stockholm Stock Exchange. "Glocalnet is Europe's most exciting challenger in the telecom industry and a world leader in commercial exploitation of the new IP-based communications technology. Now that Cognition AS chooses to decrease its shareholdings for strategic reasons, we are happy to take the opportunity of increasing our ownership together with Inter IKEA", says Urban Lindskog, CEO of Catella IT. For more information, please contact: Urban Lindskog, CEO Catella IT Phone: +46-(0)708-463 315 About Glocalnet Glocalnet develops and provides communication services sold directly to the end customer or alongside marketing partners. This year, Glocalnet intends to become Sweden's third largest fixed private telephony player. The company's vision is to become a leading operator of Internet-based services in Northern Europe. Glocalnet has strategic collaborations with corporations such as Cisco Systems and Portal Software. Glocalnet is headquartered in Stockholm, Sweden, and the company's stock is quoted on Stockholm Exchange's O list. About Catella IT Catella IT invests in and actively develops rapid growth companies within the IT-, Internet- and telecommunications sector. Catella IT regards an investment as an active and long-term partnership, aiming at maximising the potential of each portfolio company. The financial investment is in itself a way to share the portfolio company's risk and to eventually gain a reasonable return on the added value provided by Catella IT. Catella IT's investments are financed on a 50-50 basis by Catella Holding and Inter IKEA Finance SA. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/07/31/20000731BIT00310/bit0001.doc http://www.bit.se/bitonline/2000/07/31/20000731BIT00310/bit0002.pdf