Effnet has decided to make a 5-1 stock split

Effnet has decided to make a 5-1 stock split The Board of Directors of Effnet Group AB (publ) has today decided to make a 5-1 stock split meaning that the number of shares will increase from 10 410 905 shares to 52 054 525 shares. The par value will be changed from 2,50 SEK to 0,50 SEK. The first trading day on Stockholm Stock Exchange New Market after stock split is May 10, 2000. Record day at Securities Register Centre will be May 12, 2000. For more information, please contact CEO Tomas Althén, phone +46 708 151615 or CFO Lars Lundeborg, phone +46 708 998603 Effnet develops, markets sells and distributes network products and network technologies designed to resolve bottlenecks in communications via the Internet, thereby creating maximum benefit to the customer. Effnet markets its technology in three ways: in the form of own-brand products, via OEM agreements and through licensing agreements to other operators in the network sector. During 1999, Effnet evolved from a specialist development company into a commercial operator in the network market. The Company is now entering a phase where marketing and sales are at the centre of focus. Effnet's long-term goal is to become one of the leading world players in solving current and future bottlenecks in Internet communications. Today, Effnet operates in four locations: Stockholm, Luleå, Boston and Mountain View, California. Shares in Effnet Group AB are quoted on the "New Market" List of the Stockholm Stock Exchange. The Group has 76 employees. To find out more about Effnet, please visit our Web site at: http://www.effnet.com/ ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/03/20000503BIT00830/bit0001.doc http://www.bit.se/bitonline/2000/05/03/20000503BIT00830/bit0002.pdf