New exercise period for options in Cell Network

New exercise period for options in Cell Network On April 20, 2000, the offer by Mandator for Cell Network was declared unconditional as Mandator had received acceptances in excess of 90% of the total number of outstanding shares in Cell Network. On the same date the acceptance period was extended until May 23, 2000. Compulsory redemption of outstanding shares not tended under the offer The Board of Directors of Mandator has previously announced its intention to compulsory redeem all remaining shares in accordance with the Swedish Companies Act should the offer be accepted by shareholders representing more than 90% of the total number of outstanding Cell Network shares. Given that this has been achieved, the Board of Directors of Mandator declares its intention to commence the process of compulsory redemption of all remaining shares in Cell Network after the expiry of the extended acceptance period. Early exercise period for options Pursuant to the terms of the options in Cell Network, and as described in the offer prospectus, a new exercise period for the options in Cell Network shall be determined by the Board of Directors of Cell Network following a declaration of the Board of Directors that it intends to commence the compulsory redemption of the shares. The Board of Directors of Cell Network has resolved to establish the early exercise period to be four weeks from the time of the declaration by the Board of Directors of Mandator. The new four week exercise period runs until May 23, 2000 and replaces all original exercise periods for all outstanding Cell Network options. Two ways for holders of options to participate in the offer As described in the offer prospectus, holders of options in Cell Network can participate in the offer in two ways: 1) Holders of options can until May 23, 2000 directly participate in the offer by tendering their options for new Mandator shares in accordance with the terms of the offer: or 2) Holders of options can until May 23, 2000 subscribe to new Cell Network shares by exercising their options and subsequently until May 23, 2000, tender their Cell Network shares for new Mandator shares in accordance with the terms of the offer. If a holder of options has not by May 23, 2000, either directly tended his options for new Mandator shares or subscribed to new Cell Network shares by exercising his options his options will be worthless. Stockholm, April 25, 2000 Mandator AB (publ) The Board of Directors For further information, please contact: Gunilla Rudebjer, Chief Financial Officer, Mandator, tel. +46 8 402 31 83, mobile: +46 709 84 38 36 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/25/20000425BIT01210/bit0001.doc http://www.bit.se/bitonline/2000/04/25/20000425BIT01210/bit0002.pdf