JCE Group presents cash offer of SEK 38 per share in Cybercom

This press release is not and may not, directly or indirectly, be distributed or made public in the United States of America, Australia, Japan or Canada or any other country where such distribution requires registration or any other measures than those required by Swedish law. The Offer is not being made to persons in those jurisdictions or elsewhere, whose participation requires further documentation, filings or other measures in addition to those required by Swedish law.

JCE Group AB ("JCE") hereby announces a public offer to the shareholders of Cybercom Group Europe AB ("Cybercom") to tender all shares in Cybercom to JCE (the "Offer"). The Cybercom share is listed on the OMX-list (the Nordic list) on the Stockholm Stock Exchange. Summary of the Offer • JCE offers SEK 38 per share in Cybercom, which represents a total Offer value of SEK 468 million. • JCE and its wholly owned subsidiary, Consafe IT AB, own 1 784 945 shares in Cybercom, which represents 14.5 per cent of the capital and the votes in Cybercom. Affiliated shareholders of JCE with holdings representing 22.7 per cent of the capital and the votes have committed themselves to accept the Offer. • The Offer represents a premium of 23.5 per cent compared with the average share price of Cybercom on the Stockholm Stock Exchange during the last three month-period prior to the announcement of the Offer. • The acceptance period for the Offer is expected to begin on 30 October and end 21 November 2006. • JCE has today also made a public offer to the shareholders of Semcon AB ("Semcon"). The offers for Semcon and Cybercom are conditional upon each other. • JCE was founded in 1971 by J Christer Ericsson and is the parent company in a group with operations within several industries in both Sweden and internationally. The JCE group has operations within the following areas: the offshore, forestry, bioenergy, IT, industrial manufacturing as well as financial investments in both listed and unlisted companies. "The intention is that the merged companies Semcon and Cybercom shall maintain an active role in the consolidation of the Nordic IT-consultancy sector and thereby form an exciting and interesting company for employees and management within the respective company. Such a consolidation is expected to be best executed as a privately held company. We have already at this point identified several possible acquisition candidates which could fit into the new merged group. With these plans completed, our IT-division will eventually once again be well-suited for a listing on the stock exchange" says J Christer Ericsson, Chairman of the Board and CEO of JCE. For further information, contact: CEO, Consafe IT AB: Per Edlund, tel: +46 (0) 8 792 95 00; +46 (0) 708 28 93 56 Chairman and CEO, JCE Group AB: J Christer Ericsson, tel: +46 (0) 31 759 55 00; +46 (0) 708 19 91 30. Background to and reasons for the Offer in summary Cybercom is today an important player on the Swedish IT-consultancy market with main focus on the telecom sector. JCE and its wholly owned subsidiary, Consafe IT AB, is today the main shareholder in Cybercom with 14.5 per cent of the capital and the votes. JCE’s ownership has its origin in the acquisition of Consafe Infotech by Cybercom from JCE in 2003, a transaction that was partly financed by payment in the form of a new issue of Cybercom shares. An acquisition of Cybercom and Semcon is the first step in the creation of a new IT/technical-consultancy group with the potential of becoming one of the largest in the Nordic market and the expansion of which shall be supported by an aggressive and systematic acquisition strategy. JCE’s ambition is to once again list the new merged group on the stock exchange when the market conditions are deemed suitable for this. JCE identifies improved possibilities for both Cybercom’s and Semcon’s future development as parts in a larger and more diversified IT/technical-consultancy group. Cybercom and Semcon are deemed to complement each other well and will as a merged company be less dependent upon individual customers and industries and have better opportunities to take on larger projects with new and existing customers. During 2005, the companies had a combined turnover of SEK 1 977 million and an operating result of SEK 128 million. The Offer JCE is offering SEK 38 in cash for each share in Cybercom. The Offer is subject to adjustment corresponding to the value of any dividends or other distributions made by Cybercom prior to settlement of the Offer. With support in a statement made by the Securities Council (Sw: Aktiemarknadsnämnden), the Offer does not incorporate existing option programs in Cybercom. JCE’s intention is to by discussing with the management of Cybercom reach a solution with the purpose of assuring all option holders an equivalent treatment as well as a fair compensation. Compared to Cybercom’s average share price on the Stockholm Stock Exchange during the last three months until 29 September 2006 of SEK 30.77, the Offer represents a premium of 23.5 per cent . Compared to Cybercom’s average share price on the Stockholm Stock Exchange during the last twenty trading days until 29 September 2006 of SEK 32.88, the Offer represents a premium of 15.6 per cent1. Compared to the last registered share price on the Stockholm Stock Exchange on 29 September 2006, the last trading day prior to the announcement of the Offer, of SEK 36.60 per share, the Offer represents a premium of 3.8 per cent. Cybercom’s share price has since its closing price of 25 September 2006 until the closing price of 29 September 2006 increased by 11.6 per cent, from SEK 32.80 to SEK 36.60. JCE observes that Cybercom’s share price has increased significantly during the previous week, meaning that, according to JCE’s opinion, the premium based on the mentioned period does not represent an accurate and fair picture of the Offer. Based on the total number of outstanding shares in Cybercom, the total value of the Offer amounts to SEK 468 million . No commission will be charged in connection with the Offer. JCE and its wholly owned subsidiary, Consafe IT AB, own 1 784 945 shares in Cybercom, which represents 14.5 per cent of the capital and the votes in Cybercom. Commitments from certain shareholders J Christer Ericsson, Henriksbergs Fastighets AB and Per Edlund who as of today together own 2 800 328 shares, representing a holding of 22.7 per cent of the capital and the votes in Cybercom, have committed themselves to accept the Offer. J Christer Ericsson is the main shareholder in JCE. Henriksbergs Fastighets AB is owned by family members of J Christer Ericsson. Both parties are acting together with JCE in the execution of the Offer. Per Edlund, who is the CEO and also member of the board in Consafe IT AB, is today also a member of the board in Cybercom. Per Edlund has not and will not participate in any board preparations or board resolutions in Cybercom relating to the Offer. Per Edlund has in his capacity as an employee in the JCE Group participated in the preparation of the Offer. Conditions for the Offer Completion of the Offer is conditional upon: (i) that the Offer is accepted to the extent that JCE becomes the owner of more than 90 per cent of the total number of shares in Cybercom, before as well as after any dilution resulting from exercise of options issued by Cybercom; (ii) that all conditions for the offer regarding Semcon, except the condition that the Offer regarding Cybercom is completed, are fulfilled or that JCE otherwise has determined to complete the offer regarding Semcon; (iii) that no other party announces an offer to acquire shares in Cybercom on terms which are more favourable for the shareholders in Cybercom than the terms of the Offer; (iv) that all regulatory, governmental or similar clearances, approvals, decisions or other measures, including from competition authorities, required for the Offer and the acquisition of Cybercom have been granted on terms acceptable to JCE; (v) that neither the Offer nor the acquisition of Cybercom, is wholly or partly prevented or materially adversely affected by any legislation or other regulation, court decision, public authority decision or similar circumstance, which is actual or could reasonably be anticipated, outside the control of JCE and which JCE could not reasonably have foreseen at the time of the announcement of the Offer; (vi) that, save as publicly announced by Cybercom prior to the date the Offer was announced or as otherwise disclosed to JCE in writing by Cybercom prior to that date, JCE does not discover that any information publicly disclosed by Cybercom or otherwise made available to JCE is materially inaccurate or misleading or that any material information which should have been publicly disclosed by Cybercom has not been so disclosed; (vii) that there are no circumstances, which JCE did not have knowledge about at the time of the announcement of the Offer, that have occurred that have a material adverse effect or can be reasonably foreseen to have such negative adverse effect upon Cybercom’s business, sales, results, liquidity or equity; and (viii) that Cybercom does not take any measures that typically are intended to impair the prerequisites for the implementation of the Offer. JCE reserves the right to withdraw the Offer in the event that it is clear that any of the above conditions is not fulfilled or can not be fulfilled. However, with regard to conditions (ii) and (iv) – (viii), such withdrawal will only be made provided that the defective fulfilment of such condition is of material importance to JCE’s acquisition of shares in Cybercom. JCE reserves the right to waive, in whole or in part, one or more of the conditions above in accordance with applicable laws and regulations, including, with respect to condition (i) above, to complete the Offer at a lower level of acceptance. In case the Offer is completed at a lower level of acceptance than the stated 90 per cent, JCE reserves the right to take actions for a merger with Cybercom, in accordance with applicable laws and valid customs on the Swedish stock market. Description of JCE JCE was founded in 1971 by J Christer Ericsson and is the parent company in a group with operations within several industries in both Sweden and internationally. The JCE group has interests within the following areas: offshore, forestry, bioenergy, IT, industrial manufacturing as well as financial investments in both listed and unlisted companies. JCE has its domicile and headquarters in Gothenburg. JCE’s profit after financial items amounted to SEK 1 317 million for the split financial year 2005/2006 ending 30 June 2006. JCE’s total assets amounted to SEK 2 739 million at the end of the period and the equity/assets ratio was 72 per cent. JCE’s IT-holdings include besides Cybercom, also the subsidiaries Consafe Logistics AB and Docteq AB as well the associated companies PipeChain AB and Smarteq AB (publ). JCE operates in an international environment and a large part of the group activities are located outside Sweden in countries such as Denmark, Latvia, Mexico, the Netherlands, Norway, Poland, the United Kingdom, Germany and the United States. JCE is owned by J Christer Ericsson with family who also has ownership interests in Chile and Brazil within the following industries: construction business with land and real estate development, private hospitals, forestry, sawmills and bioenergy as well as industrial retail. The Financing The Offer can in its entirety be financed through equity capital. Also the offer for Semcon can in its entirety be financed through equity capital. Offer document and indicative timetable The Offer document is expected to be made public on 26 October 2006 and be distributed to the shareholders of Cybercom around 27 October 2006. The acceptance period is expected to run from 30 October until 21 November 2006. Settlement is expected to begin about the 28 November 2006. JCE reserves the right to extend the acceptance period, as well as to postpone the settlement date. Compulsory redemption and de-listing Subject to that the Offer is accepted to the extent that JCE becomes the owner of more than 90 per cent of the total number of shares, JCE intends to call for compulsory redemption of the remaining number of shares in accordance with the applicable regulations in the Swedish Companies Act. Subsequent to a completion of the Offer, JCE intends to initiate a de-listing of the Cybercom share from the Stockholm Stock Exchange. Applicable law and disputes Prior to the publication of the Offer, JCE has in relation to the Stockholm Stock Exchange committed itself, and is in relation to the shareholders of Cybercom committing itself, to comply with the rules regarding takeover offers established by the Stockholm Stock Exchange (the “Takeover Rules”) and is submitting itself to any sanctions imposed by the Stockholm Stock Exchange upon breach of these rules. The Swedish Securities Council’s rulings regarding interpretation and application of the Takeover Rules as well as the Swedish Industry and Commerce Stock Exchange Committé’s (Sw. Näringslivets Börskommitté) former rules regarding takeover offers apply in relation to the Offer in applicable parts. The Offer shall be governed by and construed in accordance with the laws of Sweden, without taking into consideration any applicable international private law rules. The courts of Sweden shall have exclusive jurisdiction over any dispute arising out of or in connection with the Offer and the City Court of Stockholm (Stockholms Tingsrätt) shall be the court of first instance. Advisors Kaupthing Bank is acting as financial advisor and Mannheimer Swartling Advokatbyrå is acting as legal adviser to JCE in connection with the Offer. Gothenburg, 2 October 2006 JCE Group AB The Board For further information, please contact: CEO, Consafe IT AB: Per Edlund Tel: +46 (0) 8 792 95 00 Mobil: +46 (0) 708 28 93 56 Chairman of the board and CEO, JCE Group AB: J Christer Ericsson Tel: +46 (0) 31 759 55 00 Mobil: +46 (0) 708 19 91 30