Date Set for Share Split

Date Set for Share Split Stockholm, Sweden-May 9, 2000 -A decision was made at Glocalnet's Annual General Meeting on April 18, 2000 to carry out a split of the share 10:1, which changes the share's nominal value from 50 öre to 5 öre. The date for the split has now been set: Record day: May 16, 2000 First day for trade with split: May 12, 2000 Glocalnet develops and produces communication services sold direct to end- customers or alongside marketing partners. Glocalnet intends to become Sweden's third largest fixed private telephony player this year. The company's vision is to become a leading northern European operator within Internet-based services. Glocalnet has strategic collaborations with players such as Cisco Systems and Portal Software. Glocalnet is headquartered in Stockholm, Sweden; the Glocalnet share is quoted on Nya Marknaden. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/09/20000509BIT00760/bit0001.doc http://www.bit.se/bitonline/2000/05/09/20000509BIT00760/bit0002.pdf