SOL - decisions on the extraordinary general meeting

SOL - DECISIONS ON THE EXTRAORDINARY GENERAL MEETING The Extraordinary General Meeting of shareholders ("EGM") of Scandinavia Online AB ("SOL" or the "Company") (OMSE:SCOL; OSE:SCO) today unanimously decided to elect Daniel Johannesson as a new Director of the Board and to adjust the exercise price of the existing employee stock option program. Daniel Johannesson is General Director for Statens Järnvägar (Swedish Railroads) and has previuously been Managing Director for Telenor Bedrift (Oslo, 1997-98) Telenordia (Stockholm, 1995-97), Industriförvaltnings AB Kinnevik (Stockholm, 1983-92), Fagersta AB (Fagersta, 1982-83) and Halmstads Järnverk (Halmstad, 1979-83). It was decided to adjust the exercise price in accordance with the Board's proposal to a level determined by the volume weighted average trading price ("Average Price") of the SOL share price on the OM Stockholm Exchange and the Oslo Stock Exchange during the ten trading days in the period February 15-28, 2001. The Average Price has been calculated to SEK 27 per share. It was decided that the exercise price for the options granted to employees will be set at the Average Price for the first third of the vesting options, the second third at 115% of the Average Price and the last third at 130% of the Average Price. Accordingly, the exercise prices has been calculated to SEK 27, SEK 31 and SEK 35 per share, respectively. All other terms of the option program will remain unchanged. 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/2001/03/16/20010316BIT00580/bit0002.doc http://www.bit.se/bitonline/2001/03/16/20010316BIT00580/bit0002.pdf