Framfab's Directed Share Issue Oversubscribed

Framfab's Directed Share Issue Oversubscribed Framfab's directed issue of new shares to strategic and institutional investors that took place between May 9 and May 24, 2001 has been oversubscribed. The issue amounts to SEK 175 million. "It is very positive for Framfab, its employees and customers that the investors have shown such confidence in us. This great willingness to subscribe paves the way for the rights issue to Framfab's existing shareholders," said Sven Skarendahl, Chairman, Framfab. The directed issue of new shares has been subscribed by strategic and institutional investors. No single investor has subscribed for shares for more than SEK 40 million. Framfab's strategic partner Antfactory has subscribed in the issue. The directed share issue is conditional upon the subscription of shares in the rights issue amounting to at least SEK 100 million. The directed issue will provide Framfab with SEK 175 million before costs related to the issue. The subscription price is SEK 1. The shares that were subscribed in the directed issue correspond to approximately 36,9 percent of the share capital and votes in Framfab, provided that the rights issue is fully subscribed. Rights issue In accordance with the decision at the shareholders' meeting on May 22, the board has decided to offer Framfab's existing shareholders the opportunity to participate in a new share issue with preferential rights for existing shareholders. This can provide Framfab with up to SEK 150 million. The subscription period for these shares will run from June 5 through June 19, 2001. The Shareholders have the right to subscribe to one share at the issue price of SEK 1 for every registered share. A prospectus is scheduled to be published on May 30, 2001. The prospectus and application forms will be distributed to the shareholders beginning around June 1, 2001. This issue is conditional upon a subscription amounting to at least SEK 100 million. The Swedish insurance company Livförsäkringsaktiebolaget Skandia, Sven Skarendahl, the Chairman of Framfab, Johan Wall, the CEO of Framfab, and a number of leading corporate officers and founders of Framfab have announced their intention to subscribe to more than 15 million shares in the rights issue, corresponding to approximately 10 percent of the shares in the rights issue at full subscription. The new share issue with preferential rights for existing shareholders will increase the company's share capital with at least SEK 10,000,000 and at most SEK 14,984,121.90 through the issue of at least 100,000,000 shares and at most 149,841,219 shares, each with a nominal value of SEK 0.10. The new share issue with preferential rights for existing shareholders is conditional upon a subscription of shares amounting to at least SEK 100 million. If subscription does not occur to this extent, the issue will not be implemented and payment for subscribed shares will be refunded. However, no refund will be made to those who acquired subscription rights on the market. No interest will be paid on the paid- in amount. Summary of Terms and Conditions New share issue with preferential rights for existing shareholders Subscription rights Each Framfab share gives the owner one subscription right. One subscription right is necessary to subscribe to one new share in the company. Issue price SEK 1 per share Subscription period June 5-19, 2001 Trading in June 5-14, 2001 subscription rights The record date for participation in the new share issue with preferential rights for existing shareholders is May 29, 2001. The last day for trading in the Framfab share with subscription rights in the new share issue with preferential rights for existing shareholders therefore was May 23, 2001. The prospectus and application forms will be distributed to the company's shareholders beginning around June 1, 2001. Both issues of new shares will under the conditions stated above in total provide Framfab with approximately SEK 275-325 million before costs associated with the issues. The number of shares will after the issues amount to 474,682,438 at full subscription. For more information, please contact: Sven Skarendahl, Chairman of the Board, Framfab Tel: +46 8 545 258 00 Johan Haeggman, Chief Financial Officer, Framfab Tel: +46 708 545 258 00, johan.haeggman@framfab.se Mattias Söderhielm, Framfab Telefon +46 70 370 84 70, mattias.soderhielm@framfab.se Framfab is a global Internet professional services company, delivering digital services based on Internet technology. Framfab has offices in Denmark, France, Germany, the Netherlands, Sweden and the UK. Many large global groups work with Framfab, including 3M, AstraZeneca, AXA, Bosch, Carlsberg, Electrolux, France Telecom, I K E A, the International Red Cross, le Groupe Pernod Ricard, Kellogg's, Packard-Bell, Nike Europe, SAAB, SAS, Viag Interkom, Volvo Car Corporation and AB Volvo. Framfab is listed on the Stockholm Exchange's Attract 40 list (ticker FTID). For more information, please visit www.framfab.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/25/20010525BIT00020/bit0001.doc http://www.bit.se/bitonline/2001/05/25/20010525BIT00020/bit0001.pdf