Changes in Frango's ownership structure

Changes in Frango's ownership structure One of Frango's two principal shareholders, board member Guy Davison, has sold his shareholding interests in the company, comprising some 165,000 class A shares and 695,500 class B shares, which together represent 29.9% of the votes and 17.6% of the capital in the company after full conversion. Of the original shareholding a total of 18,000 class B shares remains. However, these class B shares are reserved for call options issued previously to board member Jonas Nyrén. Tom Löfstedt has acquired 165,000 class A shares from Guy Davison and sold 165,000 class B shares. In doing so, Tom Löfstedt has increased his share of the voting rights in Frango from 40.3 per cent to 59.2 per cent after full conversion. In terms of capital, his stake remains unchanged at 34.4 per cent after full conversion. The shares have now passed into the hands a number of Nordic institutional investors. Frango welcomes the increased interest from institutional investors, and believes this will contribute to improving the liquidity of the share. Based on the list of shareholdings as at 30 September 2001, the aforementioned changes in ownership will have the following implications for Frango's ownership structure after full conversion: Ownership No. of shares Proportion No. of Proportion, structure , in % of votes in % of votes capital Main owners 1,682,500 34.4% 4,652,500 59.2% Management and 560,728 11.5% 560,728 7.1% employees Institutions 1,539,610 31.5% 1,539,610 19.6% Other 1,102,162 22.6% 1,102,162 14.0% Total 4,885,000 100.0% 7,855,000 100.0% For further information, please contact: Roland Nilsson, Chairman of the Board, tel. +46 (0)8 517 350 00 or Magnus Larsson, President, tel. +46 (0)8 555 775 00 Frango is a leading company that specializes in the field of strategic financial control for complex organizations and groups. The company develops and supplies systems solutions and services through its international network of subsidiary companies and distributors. Frango, which is headquartered in Stockholm, Sweden, has operations in 15 countries. In Sweden, Frango's customer base includes some 80 listed companies. The Frango share is quoted on the 'O' list of Stockholmsbörsen. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/31/20011031BIT00310/bit0001.doc http://www.waymaker.net/bitonline/2001/10/31/20011031BIT00310/bit0001.pdf