SOL - EGM approves authorization

SOL - EGM APPROVES AUTHORIZATION The Extraordinary General Meeting of Scandinavia Online AB ("SOL" or the "Company") (OMSE:SCOL; OSE:SCO) today decided to authorize the Board of Directors to decide on issues of up to 4,000,000 shares with deviation from the shareholders' preemptive rights. In accordance with the proposal from the Board of Directors, the EGM on July 25, 2000 decided upon a resolution to authorize the Board of Directors to, until the next Annual General Meeting of shareholders, at one or more occasions, in order to facilitate acquisitions of companies or operations, decide upon a total increase in the share capital of the Company of up to SEK 4,000,000 through issue of up to a total of 4,000,000 shares, each with a par value of SEK 1 with deviation from the shareholders' preemptive rights. The issue price shall be decided to an amount close to the market price of the Company's shares. 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/2001/05/28/20010528BIT00690/bit0001.doc http://www.bit.se/bitonline/2001/05/28/20010528BIT00690/bit0001.pdf