Restated interim report january - june 1999

NETCOM AB SUPPLEMENTS PREVIOUSLY RELEASED INTERIM REPORT FOR THE QUARTER ENDED JUNE 30, 1999 RESTATED INTERIM REPORT JANUARY - JUNE 1999 New York and Stockholm - August 24, 1999 - NetCom AB ("NetCom", "the Group") (Nasdaq Stock Market: NECS), the leading alternative provider of telecommunication services in the Nordic countries, the Baltic region and Poland, today restated its consolidated results for the quarter ended June 30, 1999 to incorporate the results of its associate company NetCom ASA for the same period. NetCom ASA published its Interim Report on August 23, 1999. NetCom AB is restating its Interim Report released on August 17, 1999 as at that time NetCom ASA in which NetCom AB has a 25% proportional interest had not published second quarter results. It was therefore necessary for accounting purposes to derive a notional contribution from NetCom ASA for the three months ended June 30, 1999 by assuming the same result as for three months ended March 31, 1999. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/08/24/19990826BIT00710/bit0001.doc http://www.bit.se/bitonline/1999/08/24/19990826BIT00710/bit0002.pdf