Annual General Meeting

[REMOVED GRAPHICS] FOR IMMEDIATE RELEASE Thursday, May 20, 1999 Stockholm - May 20, 1999 - NetCom AB, the leading alternative provider of telecommunications services in Scandinavia announced today at its Annual General Meeting the Board of Directors´ decision that no dividend should be paid in respect of the 1998 Financial Year. The Company announced the re-election of the following Members of the Board, Marc Beuls, Vigo Carlund, Håkan Ledin, Stig Nordin, Sven Hagströmer, Jan H. Stenbeck and Lars Wohlin. Anders Björkman was elected a New Director of the Board. Björkman is the Chairman and CEO of SEC (Socitété Européenne de Communication) and used to be the President and CEO of NetCom AB. Hans Karlsson and Pål Wingren was re-elected as the company´s auditors. Carl Lindgren and Christine Rankin-Johansson was re-elected as deputy auditors. Stockholm, 20 May, 1999 For further information, contact NetCom Mediaservice (24 hours) +46 8 5626 46 26. NetCom AB, formed in 1993, is a leading telecommunications company in Scandinavia. It is engaged in the GSM cellular business operating using the brand names of Comviq and Tele2Mobil in Sweden, NetCom ASA in Norway and through subsidiary Ritabell (Q GSM) in Estonia. In the areas of public telecommunications, data communication services and Internet, NetCom operates Tele2 in Sweden, Tele2 A/S in Denmark and Tele2 Norge AS in Norway. NetCom also operates, NätTeknik and Datametrix, specialising in systems integration and Kabelvision, a Swedish cable TV services company. NetCom is listed both on the Stockholm Stock Exchange under the symbols NCOMA and NCOMB and on the Nasdaq Stock Market under the symbol NECS. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/05/20/19990520BIT00340/bit0001.doc http://www.bit.se/bitonline/1999/05/20/19990520BIT00340/bit0002.pdf