Frontecs staff subordinated loan stock heavily oversubscribed

Frontec's staff subordinated loan stock heavily oversubscribed More than 500 of those entitled to subscribe have applied for the subordinated loan stock totalling SEK 20 million as resolved by the AGM in May. The stock can be converted at a price of SEK 61 in October 2001. The subordinated loan offer is a part of the HRD programme, which also includes staff stock options. This programme enables Frontec to offer attractive terms to skilled employees and to draw staff to the group. More details from: Lars Gärdestad, tel. +46 8 470 22 64, or Ann-Marie Fransson, tel. +46 8 470 21 16 (eng .doc)