The Annual General Meeting of The Empire AB voted unanimously in favour of the Board€s proposal to reach an agreement wi

The Annual General Meeting of The Empire AB voted unanimously in favour of the Board's proposal to reach an agreement with Ledstiernan. The stock market will have shares in a Seed and Venture Capital company that concentrates specifically on Mobile Communication. A well attended AGM resolved in favour of all the Board's proposals, thereby approving the agreement with Ledstiernan which will involve changing the company's name to Ledstiernan AB (publ), the election of a new board, and other related proposals on the agenda. It still remains for OM Stockholmsbörsen to give its consent to the listing of Ledstiernan's shraes, which can take place no earlier than on April 12 2000. The listing of Ledstiernan will, among other things, enable private and institutional investors to invest in unlisted companies within the fast growing TIME sector (Technology, Internet, Media and Entertainment) and with a particular focus on Mobile Communication. The new board, which was elected unanimously, consists of the following: Lars Berg, Mannesmann, Frankfurt, Germany; Thomas Isaksson, Vodafone Airtouch, San Francisco, USA; Birgitta Klasén, Pharmacia Corporation, New York, USA; Kaj-Erik Relander, Sonera, Helsinki, Finland; Jan Carlzon, chairman of Ledstiernan; and Per Lundberg, Ledstiernan and Olof Stenhammar, Ledstiernan, together with Marcus Bäcklund from Cell Network as a deputy member. The new Board was also authorised to decide on the issue of new shares. A prospectus with complete conditions and instructions regarding the share issue will be published in May. "We are proud to have a board with such great aggregate experience and expertise in our areas of main interest with the geographical dispersion necessary for creating networks, not only with regard to investment opportunities but also with financial markets, to the benefit of all our shareholders," said Jan Carlzon chairman of Ledstiernan, at the AGM. In an address, made immediately after The Empire's AGM, Johan Wachtmeister, President of Ledstiernan, confirmed that Ledstiernan's investment organisation had now been strengthened and that half of all new investments will be earmarked for investment in the Mobile Communication sector. "We are now in the serious business of creating Europe's leading Seed and Venture Capital company focusing on the TIME sector in general and on Mobile Communications in particular," said Johan Wachtmeister. For further information please contact: Jan Carlzon, Chairman, Ledstiernan, telephone: +46 8 545 035 05, or Johan Wachtmeister, President, Ledstiernan, phone +46 8 545 035 10. Ledstiernan AB is creating Europe's leading Seed and Venture Capital company within the TIME sector, with a particular focus on Mobile Communications. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/11/20000411BIT01250/bit0001.doc http://www.bit.se/bitonline/2000/04/11/20000411BIT01250/bit0002.pdf