60,000 Customers Following Own Campaign

60,000 Customers Following Own Campaign Stockholm, Sweden-December 20, 1999 - For the first time, Glocalnet has implemented a marketing campaign on its own. Following this successful campaign, the company has now more than 60,000 subscribers. "This proves that our brand name is so well-known that we can act on our own when we judge it more effective than working together with partners, which is our main strategy. This gives us more freedom of choice and strengthens us in negotiations with new partners", says Glocalnet's CEO, Stefan Krook. "This campaign has also resulted in Glocalnet establishing itself in new, regional markets such as Malmö, Helsingborg, Umeå, Luleå and Östersund. This strengthens us on the way to becoming the third largest telecom operator with focus on the residential market in Sweden. We are growing quickly now and estimate that Glocalnet will have between 62,000 - 65,000 subscribers by the turn of the year. This is almost double our forecast of 35,000. In addition, we now have more than 3,000 business customers", says Stefan Krook. Glocalnet AB's stock is listed on the Reuters page of Aragon, a Swedish investment bank and is a next-generation telecommunications company. The Company markets its services together with local marketing partners such as Birka Energi, with which Glocalnet has close cooperation. Glocalnet's headquarters are located in Stockholm, Sweden. For further information please contact: Mr. Stefan Krook Chief Executive Officer Glocalnet AB P.O. Box 6896 SE-113 86 Stockholm Visiting address: Västmannagatan 44 A Tel: +46 8 566 34 100 Fax: +46 8 566 34 141 E-mail: info@glocalnet.com Home page: www.glocalnet.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/20/19991220BIT00370/bit0001.doc http://www.bit.se/bitonline/1999/12/20/19991220BIT00370/bit0002.pdf