SOL - ACQUIRES BILGUIDEN

SOL - ACQUIRES BILGUIDEN Scandinavia Online AB (publ) ("SOL") (OMSE:SCOL; OSE:SCO) acquires Bilguiden Skandinavia AS ("Bilguiden") and integrates the company's services into its core operation. Currently, SOL owns 53% of outstanding shares and 49% of votes in Bilguiden. SOL has entered into an agreement to acquire other owners' loans to the company, which also enables SOL to acquire another 22% of the shares in Bilguiden free of charge. SOL will also submit an offer to the minority shareholders to tender all their outstanding shares. Total consideration to be paid for all owners' loans and shares in the company is expected to amount to SEK 5.5 million. Bilguiden offers online automotive services, such as classified ads, insurance and financing, in Sweden (www.bilweb.se), Norway (www.bilguiden.no) and Denmark (www.bilguiden.dk). In year 2000, total revenues amounted to SEK 21 million. For more information, please contact: Thomas Ranje, CFO, +46 709 41 54 94, thomas.ranje@scandinaviaonline.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.bit.se/bitonline/2001/06/25/20010625BIT00600/bit0001.doc http://www.bit.se/bitonline/2001/06/25/20010625BIT00600/bit0001.pdf