Information Highway moves EGM and suggests change of split terms

Information Highway moves EGM and suggests change of split terms Due to the recent increase in the share price, Information Highway today withdrew the previous proposition for a 4:1 split and proposed a 8:1 split. The Extraordinary General Meeting has therefore been moved from 14th December to Monday 10th January, 2000. Information Highway's activities to strengthen its market position during the last two months has been positively received by the market with the share price increasing by more than 450 SEK. The Information Highway board now believes that the conditions for the 4:1 split proposal have changed sufficiently to warrant an alternative split ratio. The board's earlier proposal was based on an expected share price of 100 SEK following the share split, leading to an increased liquidity in the shares. This ambition remains, resulting in a proposal to change the split ratio to 8:1. "The new proposal will set the share price at the expected level following the split, which we believe will be well received by the market"said Information Highway's President Göran Wågström. The consequence of the new proposal is that the EGM on 14 December has been moved to Monday 10th January, 2000. The EGM will be published in the customary manner via an announcement in the Swedish Official Gazette, as well as in the Swedish daily broadsheet Svenska Dagbladet. Sundbyberg, Sweden 7 December 1999, 8:30 a.m. Information Highway AB (publ) For more information, please contact: Göran Wågström, President, +46 (0)8 635 1520, goran.wagstrom@infohwy.se Katarina Nyberg, CFO, +46 (0)70 666 9897, Ulf Karnell, VP, Corp. Comm., +46 (0)70 514 1739. Information Highway assists companies to exploit the business opportunities presented by the new network economy. We consolidate our clients' competitiveness, making them successful in the digital arena, by providing Internet-based solutions characterised by business expertise, creativity and specialist technology skills. Information Highway was founded in 1994 and currently employs over 400 people in its Business, Interactive and Technology Consulting business areas in nine locations in Sweden, as well as in Norway, Denmark, Finland and the UK. The company is quoted on the Stockholm Stock Exchange's O-list. Göran Wågström is the group CEO. Information Highway has a client base of about 200 businesses, and provides solutions for ABB, Ericsson, Telia, ATG, Fondex, SAS, Stadium, SMHI and Locus Medicus. [More information is available at http://www.infohwy.se] ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/07/19991207BIT00020/bit0001.doc http://www.bit.se/bitonline/1999/12/07/19991207BIT00020/bit0002.pdf