Decision by the Board of Ericsson regarding a directed offer

Decision by the Board of Ericsson regarding a directed offer The Board of Telefonaktiebolaget LM Ericsson has on April 26, 2001, in accordance with an authorization given by the Annual General Meeting of Ericsson 2001, decided on a directed offer to Investor AB and Nordinvest AB, a subsidiary of AB Industrivärden, to acquire 155,000,000 C-shares at a price of SEK 1,005644. The directed offer is part of the implementation of Ericsson's Global Stock Incentive Program, comprising two parts - a Stock Option Plan and a Stock Purchase Plan. The Global Stock Incentive Program requires totally 155,000,000 shares, equaling 1.96 percent of the total number of issued shares. Together with earlier decided incentive programs, the total number of shares in such programs amount to 3.67 percent of the total number of issued shares. At present, Ericsson holds 1,804,000 own shares, acquired in accordance with a resolution by the AGM 2000. The directed offer is expected to be completed prior to the summer 2001 Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world. Read more at http://www.ericsson.com/press FOR FURTHER INFORMATION, PLEASE CONTACT Anna Surtevall, Corporate Legal Counsel, Incentive Programs Phone: +46 8 719 56 67, E-mail: anna.surtevall@lme.ericsson.se Pia Gideon, Vice President External Relations, Corporate Communications Phone: +46 8 719 28 64, E-mail: pia.gideon@lme.ericsson.se Gary Pinkham, Vice President, Investor Relations Phone: +1 212 685 4030; E-mail: investorrelations@ericsson.com