Framfabs Board withdraws proposed non-cash issue in Framfab Labs AB

Framfab's Board withdraws proposed non-cash issue in Framfab Labs AB Framfab's Board of Directors decided today to withdraw the proposal, that was intended for todays Annual General Meeting, for a non-cash issue of shares in its subsidiary, Framfab Labs AB. The reason for the withdrawal is that there appears to be very limited opportunities for obtaining external financing for Framfab Labs. For further information, please contact: C W Ros, Chairman Tel: +46 8 545 258 00 Framfab is a global internet consultancy, delivering digital services based on internet technology. Framfab has offices in Austria, Bulgaria, Denmark, France, Germany, Italy, the Netherlands, Norway, Spain, Switzerland, Sweden, the UK and the US. 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 OM Stockholm Stock 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/2001/05/04/20010504BIT00860/bit0001.doc http://www.bit.se/bitonline/2001/05/04/20010504BIT00860/bit0001.pdf