SOL - acquisition of Netlogin approved by SOL board

SOL - ACQUISITION OF NETLOGIN APPROVED BY SOL BOARD On the Board meeting on November 8, 2000, the Board of Directors of Scandinavia Online AB ("SOL") (OMSE:SCOL; OSE:SCO), decided to approve the acquisition of Netlogin and to issue 440,000 shares to the shareholders of Netlogin as full consideration for all outstanding shares in the company. The issue was decided by the Board of Directors based on the resolution by the Extraordinary General Meeting on July 25, 2000, to authorize the Board of Directors to decide to issue of up to 4,000,000 shares with deviation from the shareholders' preemptive rights. Following the issue, 2,847,410 additional shares may be issued under the authorization. For more information, please contact: Thomas Ranje (CFO), +46 709 41 54 94, thomas.ranje@scandinaviaonline.se ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/12/13/20001213BIT00370/bit0001.doc http://www.bit.se/bitonline/2000/12/13/20001213BIT00370/bit0002.pdf