Invitation to the Annual General Meeting

PRESSRELEASE FOR IMMEDIATE RELEASE Friday April 30, 1999 Shareholders in NetCom AB areherewith invited to the Annual General Meeting on Thursday May 20, 1999 at 1:00 p.m. at Gamla Stans Bryggeri, Tullhus 2, Skeppsbron, Stockholm. Notification Shareholders who wish to participate in the Annual General Meeting shall: @ Be recorded in the share register maintained by the Swedish Securities Register Center (VPC) not later than Monday, May 10, 1999. @ Submit notification of their intent to participate not later than 1:00 pm Monday, May 17, 1999. The notification shall include name, security number/organization number address and telephone number and be submitted to NetCom AB, Box 2094, 103 13 Stockholm, by e-mail bolagsstamma99@netcom.se or telephone +46 8 562 000 60. Shareholders whose shares are held in trust must temporarily re-register their shares in their own name to be entitled to participate in the Meeting. Such registration must be completed at VPC by Monday, May 10, 1999. This means that shareholders must in adequate time prior to this date inform trustees in this respect. Agenda @ Election of a Chairman for the Meeting. @ Preparation and approval of the voting list. @ Approval of the agenda. @ Election of one or more Minutes Checkers. @ Determination of whether the Meeting has been duly convened. @ Submission of the Company's Annual Report and the Report of the Auditors. @ Adoption of Income Statement and Balance Sheet. @ Decision in connection with the Company's profit according to the adopted Balance Sheet. @ Decision regarding discharge from liability for the members of the Board of Directors and President. @ Determination of the number of Board Members, Board Deputies, Auditors and Auditor Deputies. @ Determination of the fees for Board Members and Auditors. @ Amendments of the Articles of Association primary due to changes in the Companies Act. @ Election of the Board Members and Auditors. @ Closing of the Annual Meeting. Dividend The Board of Directors proposes that no dividend for 1998 shall be issued. Amendments of Articles of Association The Board of Directors proposes the following amendments to the Articles of Association. § 1 The Company name is NetCom AB. The Company is public (publ). § 7 Auditors appointment is regulated by law to a duration of four years, therefore the article regulating length of appointment is proposed to be excluded in the Articles of Association. § 9 Approval of the agenda is added to the matters that shall be addressed at the Annual General Meeting and matters of election of Board of Directors deputies, Auditors and Auditor Deputies is amended to be discussed only where appropriate and not during every General Annual Meeting. § 10 Notice of a General Meeting of Shareholders will be changed to between six and four weeks at Ordinary General Meeting of Shareholders and Extraordinary General Meetings where issue of amendment of the Articles of Association will be dealt with, and between six and two weeks at other Extraordinary General Meeting. Furthermore an amendment of notice to shareholders shall be made through announcement in the Swedish Official Gazette and Svenska Dagbladet or other daily nation-wide newspaper. § 11 The article regulating the notification to a General Meeting is amended so that the last day may not occur earlier than five weekdays prior to the General Meeting. A new amendment of accompanying assistants to shareholders may only be brought to a General Meeting if the shareholder has notified the Company in advance. Other propositions Board of Directors and Auditors To the Board of Directors a re-election of Marc Beuls, Vigo Carlund, Sven Hagströmer, Håkan Ledin, Stig Nordin, Jan H. Stenbeck and Lars Wohlin and election of Anders Björkman is proposed. As Auditors re-election of Pål Wingren and Hans Karlsson and re-election of Deputy Auditors Carl Lindgren and Christine Rankin-Johansson is proposed. Behind the proposition are shareholders representing more than 50 % of the votes in the company. Stockholm Friday April 30, 1999 NetCom AB Board of Directors This is a translation of the Swedish invitation. NetCom AB was formed in 1993 and is a leading alternative provider of telecommunications services in Scandinavia. The company operates in the GSM mobile telephony market under the brand names of Comviq, Tele2 in Sweden and through its listed affiliate, NetCom ASA in Norway and its affiliate Ritabell in Estonia. The Group has operations in the areas of public telecommunications, Internet and data communications services, where the group operates under the brand name of Tele2, in Sweden and its subsidiaries Tele2 A/S in Denmark and Tele2 Norge AS in Norway. The group also operates in the cable-TV service sector. The company 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/1999/04/30/19990430BIT00270/bit0001.doc http://www.bit.se/bitonline/1999/04/30/19990430BIT00270/bit0002.pdf