Ericsson's 1998 options program

Ericsson's 1998 options program Ericsson´s top management and key personnel will receive options. The options program was decided by the Board of Directors in August 1997 and covers approximately 500 people. The program is intended to enhance Ericsson´s share value and improve earnings per share. In addition the program is meant to attract and motivate top management and key personnel in this highly competitive industry. The option program grants participants selected in 1998 seven-year call options on Ericsson B shares. A total of 623 500 options have been acquired at market price for a total cost of SEK 125 million including social charges. The distribution of the options to participants amounts to 83,5 percent of the maximum for 1998 and is made based on developments of earnings per share and base salary and bonus category of the individual participant. The individual allocation will range between 300 and 7,000 options. The strike price for the options is SEK 220:42. The program will continue and cover 2,000 participants during 1999. Ericsson is the leading provider in the new telecoms world, with communications solutions that combine telecom and datacom technologies with freedom of mobility for the user. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for its customers - network operators, service providers, enterprises and consumers - the world over. Please visit Ericsson's Press Room at: http://www.ericsson.se/pressroom FOR FURTHER INFORMATION, PLEASE CONTACT Lars A. Stålberg, Senior Vice President, Corporate Communications Phone: +46 8 719 3162 Johan Fant, Senior Vice President, Corporate Financial Control Phone:+46 8 719 0737 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/02/16/19990216BIT00440/bit0001.doc http://www.bit.se/bitonline/1999/02/16/19990216BIT00440/bit0002.pdf