Lagercrantz Group acquires Frontyard Communications, thereby strengthening its position in the area of Digital Image Tr

Lagercrantz Group AB has concluded an agreement with Frontyard AB’s estate in bankruptcy to acquire all shares outstanding in Frontyard Communications AB, a subsidiary.

The acquisition of Frontyard Communications is made in the focal area of Digital Image Transmission in Lagercrantz Group. This area is believed to offer substantial growth and is since October 1, 2004 organized as a business area consisting of subsidiaries STV Video Data and ISG Systems. STV Video Data is the market leader in Sweden in sales of solutions for video conferencing. The acquisition of Frontyard Communications further strengthens the Lagercrantz Group’s position in this area. In addition hereto, Lagercrantz Group gains access to so-called operator services under the established SmartMeeting trademark. The acquisition includes Frontyard Communications AB and its subsidiaries in Norway and Denmark. The Frontyard Communications group had 2003 revenues of MSEK 48. Possession of the shares in Frontyard Communications AB will be taken with immediate effect. The acquisition is expected to have a positive impact on Lagercrantz Group’s earnings per share for the current financial year. Stockholm, November 22, 2004. Lagercrantz Group AB (publ) For further information, contact: Per Ikov, CEO, Lagercrantz Group AB, telephone +46 8 700 66 70. Niklas Enmark, CFO, Lagercrantz Group AB, telephone +46 8 700 66 70.