Press release from ORESA Ventures (publ.) and Ledstiernan AB (publ.)

Press release from ORESA Ventures (publ.) and Ledstiernan AB (publ.) ORESA Ventures is making an investment commitment of totally MUSD 3 in the Polish venture capital company i-Start. The company which is wholly-owned by ORESA Ventures will focus on the rapidly growing TIME sector in Poland. i-Start is lead by President Jerzy Kalinowsky and Vice President Lezek Wronski, both recruited from the listed Polish computer company Optimus, where they were a part of the company management. Ledstiernan has assisted with strategic advisory and support in the start- up phase of i-Start. Ledstiernan and its portfolio companies, above all within Mobile Communication, will cooperate with i-Start with respect to the fast growing market in Poland and the rest of Central Europe. For more information, please contact: Fredrik Rågmark, Managing Director ORESA Ventures +32 475 75 19 64 Johan Wactmeister, CEO Ledstiernan, +46 8 545 035 00 ORESA Ventures is an investment company with the mission to generate significant returns for its shareholders through long-term investments in private growth companies in Central & Eastern Europe. The shares in ORESA Ventures are, via depositary receipts, traded on the O-list of the OM Stockholm Stock Exchange since 1997. Ledstiernan is building the leading European seed- and venture-capital company with a special focus on Mobile Communication. Traded on the O-list of the OM Stockholm Stock Exchange since April 2000. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/12/15/20001215BIT00550/bit0001.doc http://www.bit.se/bitonline/2000/12/15/20001215BIT00550/bit0002.pdf