Merita Real Estate reduces its share capital

Merita Real Estate Ltd reduces its share capital The Extraordinary General Meeting of Shareholders of Merita Real Estate Ltd held on November 12, 1998 passed a resolution to approve the lowering of the Company's share capital from FIM 10,610 million to FIM 2,652.5 million as proposed by the Board of Directors and as announced in June 1998. The purpose of this change is to adjust the company's solvency ratio to its future operations. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1998/11/13/19981113BIT00210/bit0001.pdf http://www.bit.se/bitonline/1998/11/13/19981113BIT00210/bit0002.doc