LGP€s offer to Allgon€s shareholders unchanged

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LGP's offer to Allgon's shareholders unchanged Having gone through yesterday's offer by Remec, Inc. to the shareholders of Allgon AB, LGP Telecom maintains the opinion that LGP's recent offer is the best solution for Allgon, its shareholders, employees and other stakeholders. LGP also finds that the two offers are roughly on the same level. Both from a revenue growth and earnings perspective, LGP' offer is the best solution for Allgon. The revenue growth for LGP was 58 percent during the first six months of this year and the EBIT margin was 14.6 percent. According to financial information provided by Remec, Remec did not experience any revenue growth between January 1997 and January 2000, in spite of several acquisitions. Remec's revenue growth during the first six months this year was 32 percent and the EBIT margin was 2.9 percent. A merger with LGP secures the future of Allgon's employees. The corporate headquarters will remain in Sweden and considerable R&D investments will be pursued. Previous foreign acquisitions of Swedish corporations have usually led to a decrease in the Swedish resources, contrary to initial promises. Remec is reported to consider a listing of the company's share at the OM Stockholm Exchange. The liquidity of the share can be expected to be limited, which has been the case for other foreign companies with the same company structure that have been listed in Stockholm. The delay in closing the transaction, brought about by Remec's offer, causes risks for Allgon's shareholders concerning both stock prices and foreign currency. For more information, please contact: Mikael Gottschlich, CEO, LGP Telecom Holding AB, tel. +46-8-624 43 00 or +46- 70-590 34 81 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/09/29/20000929BIT01120/bit0001.doc http://www.bit.se/bitonline/2000/09/29/20000929BIT01120/bit0002.pdf