SEK 53m to be repaid to IBS in surplus pension funds

SEK 53m to be repaid to IBS in surplus pension premium funds The Swedish life and pension insurance company SPP has informed its client IBS about a refund of surplus collective reserves of SPP policyholders funds. The total amount due to the IBS Group's Swedish operations is some SEK 53m. The allocation of these funds, as well as the accounting for them in the IBS financial statements, have not yet been determined. For further information, please contact: Christina Wågström Investor Relations +46-8-627 2460 +46-70-6272460 Björn Bontin Financial Director+46-8-627 2402 +46-70-6272402 IBS AB, with headquarters in Stockholm, is listed at the Stockholm Stock Exchange. The IBS Group is a world leading international supplier of business systems and professional services. IBS, with an estimated revenue of some SEK 2.7bn, has 2,300 employees and more than 4,500 customers in more than 40 countries. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/11/01/19991101BIT00180/bit0001.doc http://www.bit.se/bitonline/1999/11/01/19991101BIT00180/bit0002.pdf