Resco carries out directed new issue for SEK 166.5M

Resco carries out directed new issue for SEK 166.5M On 22 March 2000, The Board of Directors of Resco AB (publ), subject to the approval by an Extraordinary General Meeting, decided to carry out a new issue of up to 500,000 shares with departure from the shareholders' right of preference. The objective of the issue is to contribute funds for continued expansion to the Company and to increase the institutional ownership. The issue was directed at a number of large Swedish and foreign institutional investors. The subscription price of SEK 333 per share has been set via a bid procedure. The issue contributes SEK 166.5M to the Company before issue costs. The directed new issue was carried out by H&Q Technology. "The contributed capital means that the foundation has been laid for our international expansion. We are now able to expand more rapidly and at the same time market our services to a broader extent than before," says Torstein Johansen, President of Resco AB. For further information, please contact: Kjell Jacobsson, Chairman +46 708-90 30 50 Torstein Johansen, Managing Director +46 706-65 65 10 Switchboard, Resco +46 8-51 90 30 00 www.resco.se Brief information about Resco Resco is one of the largest full-range Internet consulting companies in the Nordic countries. The company combines the ability of the modern web bureau to communicate with extensive and comprehensive expertise within business development, business systems and system integration. Resco currently consists of around 400 specialists within IT, market communication, design, web technology and training. Resco was established in 1982 and was quoted on the O list of the OM Stockholm Exchange in 1996. In 1999, Resco acquired the web bureau, Reference Interactive, which at that time was the most award-winning bureau in Sweden. In January 2000, Resco acquired the web bureau, Intra Kommunikation, which was recently ranked as one of the top ten web bureaux in Sweden. In March 2000, the Gothenburg office was strengthened through the acquisition of Canopus. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/23/20000323BIT00670/bit0001.doc http://www.bit.se/bitonline/2000/03/23/20000323BIT00670/bit0002.pdf