Mind AB to list shares on OM Stockholm Exchange

Mind AB to list shares on OM Stockholm Exchange The Board of Directors of Mind AB ("Mind") has applied to list the company's shares on the O-List of the OM Stockholm Exchange in connection with an offer to the public and institutional investors to acquire company shares. The Listing Committee of the Exchange voted on May 3, 2000 to accept Mind for inclusion on the O-List provided that the requirement governing broadening of ownership of the company's shares is met. The offer to purchase company shares will be described in detail in a prospectus to be released on or about May 12, 2000. The application period for the public in Sweden is expected to extend from May 17 through May 29, 2000. The book-building period for institutional investors is expected to extend from May 17 through May 30, 2000. The selling price of the shares will be set through a book-building procedure among institutional investors. A preliminary range for the selling price is expected to be announced May 12, 2000, and the final selling price on May 31, 2000. Alfred Berg Fondkommission AB is the lead manager for the offer. EPO.com is participating in the sale to the public. Preliminary timetable: * May 12 Prospectus is released * May 17-29 Application period for public * May 17-30 Book-building period for institutions * May 31 Final selling price is announced * June 9 Settlement date * June 13 Expected first day of listing of Mind shares on O-List of the OM Stockholm Exchange For additional information, please contact: Stefan Wigren, Board Chairman, Phone: +46 8 406 63 00 Jörgen Larsson, CEO, Mind, Phone: +46 8 406 63 00 Maria Andark, Investor Relations, Phone: +46 8 406 63 00 Alfred Berg Fondkommission AB, Peter de Jounge, Phone: +46 8 723 58 00 Mind AB Mind is an Internet consulting company that specializes in developing and building portals, and which offers services linked to them. Mind currently has operations in Sweden, Norway and France. Business concept and objectives Mind seeks to be one of the players that will achieve a profitable position as a fourth-generation Internet consulting company. Mind's business concept is to make its clients market leaders in the network society through services based on business creativity, an experience-based perspective and implementation-power. Mind today is giving priority to growth and its objective is to be one the leading European Internet consulting companies with a global approach. Mind's objective is also to have growth in excess of 100 percent per year in the years immediately ahead. When Mind's market matures, the Board of Directors' objective is that the company should achieve an operating margin on approximately 20 percent before amortization of goodwill. Growth power Mind has grown substantially - both organically and through a large number of acquisitions - during 1999 and 2000. During 1999 Mind grew from 60 persons at the beginning of the year to 178 at the end; 17 of the latter number were added through acquisitions. As of March 31, 2000, Mind had 376 employees, representing an increase of 198 - including 106 through acquisitions - in 2000. The total number of contracted employees on that date was 437. Mind's organic growth in sales in 1999 amounted to 135 percent. Mind is assigning priority to continuing strong growth, both organically and through acquisitions. The company's entire structure and organization are designed to promote growth and to make it possible to disseminate the business concept, expertise and experience within the Group. Portal concept Mind is focusing on one client offering: to, with a high degree of value- added, develop and build portals and offer services linked to them. Strategic advisory services, management of change, traffic management and support are examples of supplementary services. Mind's line of portals, which has resulted in many client assignments, is based on interaction between Mind's four areas of expertise: Process, Human, Design & Communications, and Technology. This interaction results in creative solutions and in the implementation-power that is required to realize customers' potentials in the network society. The focus on portals has enabled Mind to develop a structured working method and to create reusable components as a means of generating higher processing value-added and customer-value in each assignment. Mind is also investing in platforms and processes that are designed to create a technology base that can be applied in many individual solutions. Mind applies various forms of pricing and payment, depending on the nature of the assignment and client preferences. At the present time the most common form of contract in the industry, and for Mind, calls for ongoing billing. But participations and target-related pricing are alternatives that Mind intends to apply to a greater extent. Customers Mind's objective is to have relationships with clients who are seeking to become leaders in their respective markets, internationally as well as locally. To strengthen client relationships and to ensure the quality and combativeness of products delivered, Mind is focusing on the "TIME" (Telecom/IT/Media/Entertainment), finance, tourism and transportation, and network pioneers segments - Internet businesses based on new business models. This strategy results in broad, in-depth understanding of the businesses conducted by Mind's customers. Mind's clients include such large established companies as MeritaNordbanken, Kredikassen, Telia, Ericsson, Nokia, European Leisure Group and SälenStjärnan, as well as a number of start-up companies -- mainly in the network pioneer segment -- including Wideyes, Dressmart, Voice Magazine and Oppido. Key data Pro forma 1998 Pro forma 1999 Sales, SEK M 95,1 184,6 Average number of full-time employees 97 198 Number of employees at end of period 136 279 Mind AB The Board of Directors May not be published in the United States, Canada, Australia or Japan. For further information, please contact: Stefan Wigren, Board Chairman, Phone: +46 8 406 63 00 Jörgen Larsson, CEO, Mind, Phone: +46 8 406 63 00 Maria Andark, Investor Relations, Phone: +46 8 406 63 00 Alfred Berg Fondkommission AB, Peter de Jounge, Phone: +46 8 723 58 00 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/05/20000627BIT00470/bit0001.doc http://www.bit.se/bitonline/2000/05/05/20000627BIT00470/bit0002.pdf