Commencement of Compulsory acquisition, SOL-Share to be delisted, and Extraordinary general meeting

Commencement of Compulsory acquisition, SOL-Share to be delisted, and Extraordinary general meeting Eniro AB (publ) ("Eniro") has commenced compulsory acquisition of the remaining shares in Scandinavia Online AB (publ) ("SOL") (OMSE:SCOL; OSE:SCO). The Board of Directors have applied for delisting of the SOL- share from Stockholmsbörsen with January 15, 2002 as the last day of trading and decided to convey an Extraordinary General Meeting ("EGM") on January 17, 2002 at 5.00 p.m. in the company's premises at Kungsgatan 28 in Stockholm. The EGM is proposed to decide upon the election of new members of the Board of Directors and delisting of the company's shares from Oslo Børs. Compulsory acquisition Eniro has notified the Board of Directors of SOL that Eniro owns more than 90 per cent of the shares and 90 per cent of the voting rights for all the shares in SOL. Eniro has therefore pursuant to the Swedish Companies Act submitted a written request to the Board of Directors of SOL that the dispute concerning the shares in SOL not owned by Eniro is referred to arbitration (compulsory acquisition). Delisting In light of the acquisition of Eniro of approximately 90 per cent of the shares and voting rights in SOL by way of a public offer and Eniro's commencement of compulsory acquisition, the Board of Directors of SOL have applied for delisting of the company's shares from Stockholmsbörsen with January 15, 2002, as the last day of trading. SOL's shares are also listed on Oslo Børs and the shares will be delisted as soon as possible after the decision on the EGM, see below. The trading of the SOL-share at OSE could be halted before the delisting take place. EGM The EGM on January 17, 2002, is proposed to elect Lars Guldstrand, President and Chief Executive Officer of Eniro, Lennart Bernard, Chief Financial Officer of Eniro and Mats Eklund, Senior Vice President of Market and Business Development as new members of the Board of Directors. The current board members Daniel Johannesson, Sverre Munck, Ingemar Olsson, Hannu Bergholm, Bjørn Brenna, Franco Fedeli and Lars Jonsson and Trond Beger (deputy member) will resign from the Board of Directors at the same time. The EGM is also asked, in the light of what has been stated above, to decide upon the de-listing of the company's shares from Oslo Børs. In order to participate on the EGM, the shareholder must be registered with the Swedish Securities Registration Center (VPC) as of Monday, January 7, 2002 and notify the Company the intention to participate at the EGM no later than Thursday, January 10, 2002 at 16.00. The notification of participation and of any assistant should be submitted to the Company at the address Box 1388, 111 93 STOCKHOLM, or by telephone +46 8 58 78 10 00 or by fax +46 8 58 78 10 40. In the notification of participation, please state name, social security number/company registration number, address, telephone number and registered holding. Documentation of eligibility, such as powers of attorney, company certificates, etc, should be enclosed to the notification of participation. Shareholders that hold their shares through a custodian must have their shares re-registered in their own name in the Swedish Securities Registration Center (VPC) in order to have the right to participate at the EGM. Such re-registration must be completed Monday, January 17, 2002, and accordingly, the custodian must be promptly notified. Shareholders that have their shares in the company registered with Verdipapirsentralen (VPS) in Norway are not registered as shareholders with the Swedish Securities Registration Center (VPC). Such shareholders must contact Den norske Bank, Grethe Nes, telephone +47 22 94 94 93, facsimile +47 22 94 90 20, at latest on Friday, January 4, 2002, at. 12.00 a.m, to have their shares re-registered in their own name in the Swedish Securities Registration Center (VPC) in order to have the right to participate at the EGM. A notice convening the EGM will be made in accordance with the Articles of Association on January 3, 2002. For more information, please contact: Birger Steen (CEO), +46 709 35 28 18, birger.steen@scandinaviaonline.se This press announcement is a translation from the Swedish language. In the event of any discrepancy between the Swedish version and the English version, the Swedish version shall prevail. Scandinavia Online is the leading Internet media company in the Nordic region. The online network has more than 8 million monthly unique users and consists of the portals passagen.se, sol.no, sol.dk and suomi24.fi and the search engines Evreka.com, Evreka.fi, kvasir.no and kvasir.dk. For the financial year 2000, total revenues amounted to SEK 221 million and as of September 30, 2001, the group had 188 employees. Scandinavia Online's shares are listed on the OM Stockholm Exchange (SCOL) and on the Oslo Stock Exchange (SCO). Scandinavia Online AB (publ) Box 1388 111 93 Stockholm Sweden Tel: +46 8 587 810 00 Fax: +46 8 587 810 40 www.scandinaviaonline.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/12/28/20011228BIT00520/bit0001.DOC http://www.waymaker.net/bitonline/2001/12/28/20011228BIT00520/bit0001.pdf