The shareholders in Netcom AB (nasdaq: necs) are hereby invited to attend the extraordinary general meeting

THE SHAREHOLDERS IN NETCOM AB (Nasdaq: NECS) ARE HEREBY INVITED TO ATTEND THE EXTRAORDINARY GENERAL MEETING, THURSDAY AUGUST 10, 2000 AT 10.00 A.M. AT GAMLA STANS BRYGGERI, TULLHUS 2, SKEPPSBRON, STOCKHOLM. Notice Shareholders who intend to attend the extraordinary general meeting must: be recorded in the share register maintained by VPC AB (the Swedish Securities Register Center) ("VPC") on Monday July 31, 2000; and give notice to the company of his or her intention to attend not later than Monday August 7, 2000 at 1.00 p.m. (Swedish local time). Notice shall be made to the address, in writing, NetCom AB, Box 2094, SE-103 13 Stockholm, by e-mail, extrabolagsstamma00@netcom.se or by telephone +46 (0)8 562 00060. In providing such notice the shareholder shall state name, civic registration number or corporate identification number, address, telephone number, registered number of shares held and the number of assistants, if any. Shareholders who have trustee-registered shares must temporarily have their shares registered in their own name in order to be able to participate in the extraordinary general meeting. Such registration, so- called voting-right registration, must be completed on July 31, 2000. Therefore the shareholders should request such registration by their trustees well in advance of said date. Shareholders' representatives and representatives of legal entities are asked to submit documentation certifying their respective authorisation to represent the principal before the general meeting of shareholders. Matters at the general meeting of shareholders Election of the chairman of the meeting. Preparation and approval of the list of shareholders entitled to vote at the meeting. Approval of the agenda proposed by the board of directors. Election of one or two minutes-checkers. Determination of whether the meeting has been duly convened. Decision regarding authorisation to the board of directors to offer all the shareholders of Société Européenne de Communication S.A. (SEC) to transfer their shares to NetCom AB. Closing of general meeting of shareholders. The board's of directors proposal Item 6 The board of directors proposes the general meeting of shareholders to authorise the board of directors to complete the offer given to all shareholders of SEC to transfer their shares in SEC to NetCom. The board of directors shall execute the necessary measures and changes required in order to complete the acquisition of the outstanding shares in SEC. The complete proposal from the board of directors will be held available at the company's office from Thursday July 27, 2000 and can be ordered via telephone +46 8 562 000 60. Stockholm in July 2000, The Board of Directors This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares of Société Européenne de Communication S.A. At the time NetCom AB (publ) commences its offer, it will file a registration statement, including a prospectus, with the U.S. Securities and Exchange Commission. THE PROSPECTUS AND RELATED OFFER DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION THAT SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE OFFER. The registration statement will be made available to all shareholders of Société Européenne de Communication S.A. at no expense to them. The registration statement, which includes the prospectus, and related offer documents filed with the Commission will also be available for free at the Commission's website at www.sec.gov. This press release contains forward-looking statements that involve inherent risks and uncertainties. We have identified certain important factors that may cause actual results to differ from those contained in such forward-looking statements. See "Description of Business - Risk Factors" in the Annual Report of NetCom AB (publ) on Form 20-F filed with the U.S. Securities and Exchange Commission as updated with other filings from time to time. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/07/26/20000725BIT00390/bit0001.doc http://www.bit.se/bitonline/2000/07/26/20000725BIT00390/bit0002.pdf