Extraordinary General Meeting approves sale of French company

Extraordinary General Meeting approves sale of French company An extraordinary General Meeting of shareholders of Cell Network AB has today unanimously approved the transfer of all shares in Cell Network France S.A. to Linos Investments Holding S.A. On 31 July Cell Network communicated the sale of its French subsidiary. The buyer is a company owned by the leading officers of Cell Network France. Thus, the deal is covered by an act on private placements known as the Leo Act, meaning that it was conditional upon finding approval from a general shareholders' meeting of Cell Network, which it has done today. For further information, contact: Robert Karlsson, Director of Corporate Investor Relations, tel. +46 709- 565 141 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/09/10/20010910BIT00740/bit0001.doc http://www.waymaker.net/bitonline/2001/09/10/20010910BIT00740/bit0001.pdf