Framfab's Extraordinary General Meeting approved new stock issues

Framfab's Extraordinary General Meeting approved new stock issues Today, an Extraordinary General Meeting of Framfab decided to approve the Board's decision concerning a new stock issue comprising 175 million new shares with a nominal value of SEK 0.10 each - and without preferential rights for existing shareholders. Should this directed stock issue be fully subscribed, it will generate SEK 175 million through the subscription to 175 million new shares, and will raise the company's share capital by SEK 17.5 million. This new stock issue is directed at strategic and institutional investors. The issue price for the new shares will be SEK 1 per share. In conjunction with the decision to implement the new stock issue, the Board of Framfab have shortened the application period by three days. The application period now runs from 9 through 24 May 2001, instead of 27 May 2001, which was the terminal date stated previously. The reason for this is that it will be possible to trade in the Framfab shares without subscription rights as from and including 25 May 2001. The General Meeting also decided to approve the Board's decision concerning a new stock issue with preferential rights for existing shareholders, in which each old share will entitle the holder to subscribe for one new share. Should this stock issue be fully subscribed, it will generate SEK 150 million through the subscription to no more than 149,841,219 new shares, and will raise the company's share capital by approximately SEK 15 million. The issue price for the new shares will be SEK 1 per share. The subscription period for these shares will run from 5 through 19 June 2001. The preferential stock issue is conditional upon at least 100 million of the shares issued being initially subscribed by shareholders exercising their preferential rights, or, secondly, by others without preferential rights. In addition, this stock issue is conditional upon all 175 million of the shares in the directed stock issue being subscribed by strategic and institutional investors. The directed stock issue is conditional upon the subscription of all 175 million of the shares, and upon the subscription of at least 100 million of the shares in the preferential stock issue. The General Meeting also decided to sell 51 per cent of the share capital in Framfab Bulgaria back to its management, which already owns 49 per cent of the share capital in this company. For more information, please contact: Sven Skarendahl, Chairman of the Board of Framfab Phone: +46 8 545 258 00 Johan Haeggman, CFO of Framfab Phone: +46 8 545 258 00 Leif Andersson, VP Corporate Communications, Framfab. Phone: +46 709 41 22 32 Framfab is a global Internet consultancy company whose business philosophy is to supply digital services based on Internet technology. Framfab has offices in Bulgaria, Denmark, France, Italy, Great Britain, the Netherlands, Norway, Spain, Sweden, Switzerland, Germany, the United States and Austria. Framfab's customers include a number of well-known global companies, 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 Attract 40 list of the OM Stockholm Stock Exchange (ticker FTID). For additional information, call in at 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/2001/05/22/20010522BIT01220/bit0002.doc http://www.bit.se/bitonline/2001/05/22/20010522BIT01220/bit0002.pdf