The redemption procedure in Neonet AB

The Swedish Companies Registration Office has today registered the reduction of Neonet AB’s share capital of approximately SEK 2,168,870.47 through redemption of 65 066 114 redemption shares of series 1 (ILA 1) and 65 066 114 redemption shares of series 2 (ILA 2). Further, an increase in the company's share capital of approximately SEK 2,168,870.47 has been registered following a bonus issue. The redemption procedure will be executed on 12 June 2008 when the holders of ILA 1 receive the redemption price of SEK 1 in cash, and the holders of ILA 2 receive the redemption price in the form of a subordinated debenture with a nominal value of SEK 1.10.

The subordinated debentures will be listed on the OMX Nordic Exchange Stockholm’s list for subordinated debentures as from 12 June 2008. To create a well adapted trading, the subordinated debentures will be traded in consolidated blocks with a nominal value of SEK 11 and with ISIN-code SE0002386508. When applicable, excess subordinated debentures (amounts not evenly divisible by 10) will be consolidated and sold on behalf of the holders by Nordea. The payment for these odd lots is estimated to be made to the holders on 18 June 2008 through Nordea.

Neonet discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.



For further information, please contact:

Niclas Lilja
Deputy Head of Communications
+46 8 454 15 82