Framtidsfabriken's IPO Heavily Oversubscribed

Framtidsfabriken's IPO Heavily Oversubscribed When the subscription period expired on Friday June 11, the offering had been subscribed 14 times. Framtidsfabriken will be listed on the Stockholm Stock Exchange on June 23. The public in Sweden and Swedish and international investors were allocated shares. The interest from institutions in Germany, Great Britain, Sweden and the USA was particularly high. The offering amounted to 2,997,623 shares consisting of 1,500,000 new and 1,497,623 existing shares. An additional 500,000 shares may be issued if the over-allotment option is exercised in full. The total number of shares after the offering amounts to 12,553,426. The price per share was SEK 125 and the offering (including the overalottment option) corresponded to MSEK 437. Enskilda Securities acted as advisor to Framtidsfabriken in the IPO. For more information contact: Jonas Birgersson, CEO +46-46-286-3303, jonas.birgersson@framfab.se, or Johan Haeggman, CFO +46-8-506-12100, johan.haeggman@framfab.se. http://www.framfab.com Framtidsfabriken's business concept is to increase its clients' competitive strength and create new business opportunities in the growing network economy by producing digital and interactive services. Framtidsfabriken currently employs approximately 360 people at ten branch offices located in Gothenburg, Copenhagen, London, Lund, Malmö and Stockholm. Framtidsfabriken is the strategic provider of Internet services to Volvo Car Corporation, Vattenfall, IKEA and Electrolux. Other examples of clients are Astra, GE Capital Bank, the SAAB Group, Tele Danmark and Unibank. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/06/14/19990614BIT00160/bit0001.doc http://www.bit.se/bitonline/1999/06/14/19990614BIT00160/bit0002.pdf