New Wave Group sets terms for rights offering

New Wave Group sets terms for rights offering - 25 A- or B-shares entitles the holder to receive a right to subscribe for two new B-share at a price of 130 SEK per share - Total offering amounts to approximately 151 MSEK - Offering open to all shareholders of record date as of 3 May 2004 - Subscription and payment period runs from 6 - 21 May 2004 - The main owner of New Wave Group, Torsten Jansson, guarantees that he will subscribe for his whole allocation in the rights offering which means that approximately 55 MSEK of the rights offering is guaranteed. Terms of the rights offering Based on the authorization granted by the meeting of shareholders on 28 May 2003, the board of New Wave Group has now set the terms of the rights offering. 25 A- or B-shares in New Wave Group, held as of the record date of 3 May 2004, carries the right to subscribe for 2 new B-shares. The subscription price is 130 SEK per share. New Wave Group currently has 5,536,920 A-shares and 8,963,288 B-shares outstanding, which means that a maximum of 1,162,000 new B-shares will be issued. Subscription will be possible on a non-preferential basis for shares not taken up by shareholders exercising preferential rights. The offering will raise approximately 151 MSEK, before expenses. Underwriting and subscription commitments The main owner and CEO of New Wave Group, Torsten Jansson, representing approximately 36.2 percent of the share capital and 80 percent of the votes, has undertaken to subscribe for his whole allocation in the rights offering. Timetable New Wave Group estimates that the rights offering will follow the timetable below. 28 April The last day on which New Wave Group's shares will be traded inclusive of the right to participate in the offering. 29 April The first day on which New Wave Group's shares will be traded exclusive of the right to participate in the offering. 3 May Record date for participation in the rights offering, i.e. shareholders registered as owners on this day will obtain B-share rights to participate in the offering. 6 May First day for subscription and payment of B-shares and first day for trading in B-share rights. 17 May Last day for trading in B-share rights. 21 May Last day for subscription and payment of B-shares. Offering documentation will be sent to shareholders registered as owners as of the record date around the time of the start of the subscription period. Advisors FöreningsSparbanken (Swedbank Markets) Ytterby, Sweden on 5 April 2004 New Wave Group AB (publ) Göran Härstedt dCEO For more information, please contact: Torsten Jansson CEO, New Wave Group Tel: +46 (0)708-99 80 50, +46 (0)303-24 65 01 Göran Härstedt dCEO, New Wave Group Tel: +46 (0)708-99 80 17, +46 (0)303-24 65 02 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/04/05/20040405BIT00480/wkr0001.doc http://www.waymaker.net/bitonline/2004/04/05/20040405BIT00480/wkr0002.pdf