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Interim Report for the Period Jan. 1, 2002 - Mar. 31, 2002

Interim Report for the Period January 1, 2002 - March 31, 2002 Highlights in the Period · Glocalnet's revenues grew by 4% quarter-on-quarter, to SEK 61.6 m. The increase was primarily an effect of the deregulation of local calls implemented in early February. The year-on-year increase in Glocalnet's revenues-through organic means-was 23%. · Expenses increased as a consequence of ongoing marketing initiatives, and are a prime explanation for the corporation's earnings downturn on the preceding quarter. However, compared to the corresponding period of the previous year, Glocalnet's deficit

Financial Statement 2001

Financial Statement 2001 Financial Summary 2001 Revenues amounted to SEK 217.3 m in 2001, an 88% increase, while gross margin expanded six percentage points to 25%. Network expenses consequently increased considerably less than revenues. Other expenses, excluding items affecting comparability of SEK 18.1 m, were down SEK 27.1 m, to SEK 115.0 m in 2001. These advances implied that operating losses excluding items affecting comparability virtually halved in 2001, to SEK -60.2 m. Highlights in the Period Fourth quarter: · Revenues grew to SEK 59.4 m, up 5% quarter-on-quarter; · Earnings

Interim Report for the Period January 1, 2001 - September 30, 2001

Interim Report for the Period January 1, 2001 - September 30, 2001 Highlights in the Period First quarter: · Glocalnet launched Internet and mobile services. · Extensive strategic and restructuring program initiated in March, including the division of operations into two business areas-Glocalnet Service Provider and Glocalnet Service Operator-the latter with a new operational focus. Second quarter: · Losses cut to less than half first-quarter levels due to direct effects of the restructuring program, revenues increase and further cost rationalizations achieved. · A new issue with

Interim report for the period 1 January - 30 June 2001

Interim report for the period 1 January - 30 June 2001 Important Events during the Period First quarter: · Internet and mobile services were launched during the first quarter. The sale of mobile services began at the beginning of March and is based on an agreement with Europolitan. · A strategic and structural change programme was launched in March involving, among other things, the division of operations into two business areas, one of which was into a new direction, the winding up of the Danish operation and a reduction of 11 in the number of employees in Sweden. Second quarter: ·

Glocalnet Completes New Issue

Glocalnet Completes New Issue Glocalnet AB (publ) has completed its previously announced new issue with preferential rights for existing shareholders. This issue encompassed 86,679,850 shares, raising SEK 73.7 m before issue expenses. Of the new issue, approximately 60% was subscribed through subscription rights, with the remaining approximately 40% underwritten by main owner Catella IT AB (Catella IT), pursuant to a guarantee agreement. Subsequent to the new issue, Catella IT and InterIKEA Finance S.A. (InterIKEA), own 47.7% of the votes and capital in Glocalnet. In a statement of March 30,

Vice President leaves Glocalnet - becomes CEO for Wavium

Vice President leaves Glocalnet - becomes CEO for Wavium Glocalnet's Vice President and former Chief Financial Officer, Mikael Hedlöf, has today announced that he has accepted an offer to become CEO for Wavium, supplier of optical networks, and will be leaving his position at Glocalnet. He will remain at Glocalnet until August, when he begins his new position at Wavium. "I have worked at Glocalnet since 1998. It has been a fantastic period and very exciting. For some time now, however, I have felt that I would like to take on total responsibility in the role of CEO. I have recently received

Over 7 000 mobile telephone customers

Over 7 000 mobile telephone customers Through cost efficient cross-selling to existing fixed-line telephony customers, Glocalnet has made significant progress within mobile telephony. The Company launched mobile telephony services in March of 2001, and the number of registered mobile telephony customers now exceeds 7 000. "I am pleased to say that our new business plan - with focus on cross- selling within the business area Glocalnet Service Provider - has quickly shown itself to be a success. We have in a short time and with very low acquisition costs gotten off to a great start on our

EGM Approved Preferential Rights Issue

EGM Approved Preferential Rights Issue Glocalnet's Extraordinary General Meeting on 2 May 2001 resolved to approve the Board's decision to carry out a new share issue of 86,679,850 shares in accordance with existing shareholders' preferential rights at a subscription price of SEK 0.85 per share. This raises SEK 73.7 m for the Company before issue expenses. Main owner Catella IT AB guarantees the issue in its entirety. The funds raised will be utilized to finance the corporation's operations until Glocalnet generates a positive cash flow. At the same time, the EGM, in accordance to the Board'

Interim Report for the Period January 1 - March 31, 2001

Interim Report for the Period January 1 - March 31, 2001 Highlights in the Period · The customer base expanded to approximately 91,000 active fixed telephony customers, up 65% in 12 months. · Glocalnet's revenues for Q1 2001 were SEK 47.4 m, up 127% on the corresponding period of 2000, and a quarter-on-quarter increase of 26%. This implies revenue gains of over 20% for the sixth consecutive quarter. · Gross margins improved to 23%, against 15% in the previous quarter, primarily due to lower discounting. · Glocalnet launched Internet services in mid January. · Glocalnet launched mobile

Catella IT Guarantees Preferential Rights Issue of 74 MSEK

Catella IT Guarantees Preferential Rights Issue of 74 MSEK The Board of Glocalnet AB (publ) has decided to propose that an Extraordinary General Meeting approves a new issue of 86,679,850 shares with preferential rights for existing shareholders, at a subscription price of SEK 0.85 per share. This would raise SEK 73.7 m for the corporation before issue expenses. Main owner Catella IT AB guarantees the issue in its entirety. The funds raised will be utilized to finance the corporation's operations until Glocalnet generates a positive cash flow. The Board will convene an EGM on May 2, 2001 in

General Assembly Authorizes New Share Issue

General Assembly Authorizes New Share Issue In accordance to recommendations made by the board, decisions were made by the General Assembly at the Annual General Meeting of Glocalnet AB (publ) on 29 March 2001 as follows: · Re-election of board members Andrin Bachmann, Stefan Klein, Stefan Krook, Urban Lindskog, Jan Prising and Ulf Öster. · Decision to change from two to one class of shares in the Articles of Association. · Decision to amend the terms for options rights issued on 29 September 1997, 18 October 1999, 20 December 1999 and 18 April 2000 (two issues on the same date), all of

Glocalnet - Fundamental Restructuring

Glocalnet-Fundamental Restructuring Glocalnet is undertaking a resolute strategy and restructuring program, intended to bring the enterprise to profitability earlier. By splitting operations into two business areas, Glocalnet will be able to exploit the market potential created when many large, renowned corporations start examining their possibilities of starting up as virtual telecom operators. Within its new business area-Glocalnet Service Operator- Glocalnet will offer turn-key solutions for telecom operations to such corporations. The second business area will be a pure service provider,

Glocalnet - Fundamental Restructuring

Glocalnet-Fundamental Restructuring Glocalnet is embarking a resolute strategy and restructuring program, intended to bring the enterprise to profitability faster. Operations will be split into two business areas, the first launching a new offering that will herald the partial restructuring of Sweden's telecom sector. Additionally, the Danish operations will be wound down, with Glocalnet's headcount in Sweden reduced by 11. Glocalnet's CEO will present this restructuring at a conference today at 1 p.m. at Industrihuset, Stockholm. Members of the press are welcome to attend. (Please indicate

Glocalnet launches mobile subscription and integrated services

Glocalnet launches mobile subscription and integrated services Stockholm, Sweden-March 1, 2001 - Glocalnet announces today the launch of mobile subscriptions for the residential market and with this introduction adds yet another communication service to the existing offering of fixed telephony and Internet. Customers will now receive single billing for these services. The mobile subscription is directed mainly to the residential market and offers Sweden's lowest minute price (SEK 0.30/min.), Sweden's lowest SMS price for residential customers (SEK 1.30/message) and a complete subscription

Proposal for new employee option program and authorization for new share issue

Proposal for new employee option program and authorization for new share issue Stockholm, Sweden-February 22, 2001- The Board of Directors of Glocalnet AB (publ) has decided on proposals for the agenda of the Annual General Meeting to be held on 29 March 2001 and has resolved to propose the following: · Re-election of the board members Andrin Bachmann, Stefan Klein, Stefan Krook, Urban Lindskog, Jan Prising and Ulf Öster. Franco Fedeli has declined re-election. The number of board members will thereby decrease by one. · A total board fee of SEK 450,000 to be distributed by the board among

Financial Statement 2000

Financial Statement 2000 Highlights in the Period Fourth quarter: @ Glocalnet's revenues for 2000 were SEK 115.5 m, a 277% increase. @ Fourth-quarter revenues were SEK 37.7 m, the fifth consecutive quarterly rise exceeding 20%. @ The net earnings for year 2000 were SEK -118.0 m, compared to SEK -62.1 m previous year. @ The customer base expanded to 118,000, up 90% in 12 months. @ Number of active customers increased to 86,500, also up 90%. Of these, 82,500 were pre-selection customers, which makes Glocalnet the third largest operator in the Swedish residential market. @ Glocalnet's brand

Glocalnet Extends Services Offering, Launches Internet Subscription

Glocalnet Extends Services Offering, Launches Internet Subscription Stockholm, Sweden-January 15, 2001 - Glocalnet is launching a further communication service today in addition to its fixed telephony offering- an Internet subscription for households. Customers will be able to choose between two subscriptions, for differing types of Internet usage. G-surf, the basic subscription, is targeted at light Internet users. Customers with Glocalnet telephony and Internet subscriptions gain access to this service for a zero monthly charge (normally SEK 10) and surf for a floating fee based on online

Europolitan and Glocalnet in cooperation on Service Provisioning

Europolitan and Glocalnet in cooperation on Service Provisioning Europolitan and Glocalnet have entered into an agreement on so-called Service Provisioning. According to the agreement, Glocalnet will buy capacity in Europolitan's GSM network in order to market mobile telecommunications services under its own brand. "For Europolitan, the agreement means that we will reach a wider and larger group of customers, " says Jon Risfelt, President and CEO of Europolitan. "This will provide us with new revenues and increased returns on our investments in infrastructure and systems. Through agreements

Interim Report for the Period Jan. 1 - Sep. 30, 2000

Interim Report for the Period Jan. 1 - Sep. 30, 2000 Highlights in the Period Third quarter: * Traffic revenues of SEK 81.4 m for the nine-month period, up 401% * Customer base reaches 100,000, a 150% increase in 12 months * Glocalnet links up to a consortium, which applies for a UMTS license * Glocalnet launches G-telephony-nationwide calls for a fixed monthly fee * New Internet-based customer care technology platform implemented First half-year: * Launch of new graphical profile * Distributor agreement with home electronics retail chain Expert * Two new issues totaling SEK 160.6 m *

Mobile agreement ready in Denmark

Mobile agreement ready in Denmark Stockholm, Sweden-October 26, 2000 - Glocalnet signed a service provider agreement today with the Danish GSM operator SONOFON. Glocalnet is now able to provide both fixed and mobile telecommunication services in Denmark. "With the signing of this agreement, Glocalnet is taking yet another step to offering a complete assortment of communication services to the consumer market", says Glocalnet's CEO, Stefan Krook. "The telecommunication market is developing towards integrated services and consumers are combining fixed and mobile services to a larger degree.

Management team and traffic agreement in place in Denmark

Management team and traffic agreement in place in Denmark Stockholm, Sweden-October 10, 2000 - The Glocalnet expansion is accelerating. Six people have recently been recruited for the start-up of the Danish business, including a Management Team with a long combined experience from mobile and fixed line service operators. Mr. Flemming Kluge, previously Division Manager at Sonofon, the Danish mobile service operator, has been hired as new Manager of the Danish business. "Glocalnet's objective is to introduce mobile services in the near future. Mr. Kluge strengthens Glocalnet both with

Glocalnet cancels call charges for private telephony

Glocalnet cancels call charges for private telephony Stockholm, Sweden-September 25, 2000 - "Our customers can now ring each other without paying any call charges." A quote from Stefan Krook, CEO of the teleoperator Glocalnet. From 1 October, all customers who have selected Glocalnet as their primary operator can ring each other without paying any call charges. "Ring as often as you like, and talk as long as you like with other Glocalnet customers for only SEK 19 a month!" the offer states. With this offer to its customers, Glocalnet has become the first operator on the market to cancel

Birka Energi agreement not to be extended

Birka Energi agreement not to be extended Stockholm, Sweden-August 31, 2000 - Glocalnet and Birka Energi have mutually decided not to extend their two-year collaboration agreement that is in effect until September 3, 2000. The collaboration started in 1998 and contributed to Glocalnet's customer growth in connection with the introduction of the pre- selection reform in September of 1999. Since the beginning of 2000, no significant collaborative marketing activities have been carried out. The collaboration has only generated a few new customers this year and has consequently not contributed

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