In compliance with the terms of the Ericsson 1997/2003 convertible

In compliance with the terms of the Ericsson 1997/2003 convertible debenture loan (convertibles), as amended by the Annual General Meeting (AGM) in Telefonaktiebolaget LM Ericsson (Ericsson) on March 31, 2000, AB Aulis, a wholly owned subsidiary of Ericsson has as of May 19, 2000, disposed of convertibles for an aggregate nominal amount of SEK 1,006 billion at the OM Stockholm Exchange. Further, as resolved by the AGM on March 31, 2000, and subsequently by the Ericsson Board of Directors, Ericsson has acquired 1,804,000 Ericsson B shares at the OM Stockholm Exchange for the purpose of hedging the Ericsson Group's 1999 incentive program in a cost efficient way. Ericsson is the leading communications supplier, combining innovation in mobility and Internet in creating the new era of Mobile Internet. Ericsson provides total solutions covering everything from systems and applications to mobile phones and other communications tools. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for customers all over the world. Read more at http://www.ericsson.com/pressroom FOR FURTHER INFORMATION, PLEASE CONTACT Pia Gideon, Vice President External Relations, Corporate Communications Phone: +46 8 719 2864, +46 70 519 2864 E-mail: pia.gideon@lme.ericsson.se Vidar Mohammar, Vice President & Corporate Treasurer Phone: +44 20 745 15401 E-mail: vidar.mohammar@tss.ericsson.se ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/22/20000522BIT00630/bit0001.doc http://www.bit.se/bitonline/2000/05/22/20000522BIT00630/bit0002.pdf