Extra General Meeting approves decision on rights issue

Extra General Meeting approves decision on rights issue An Extra General Meeting of the shareholders in Sifo Group has today approved the Board of Directors' decision on a rights issue. Shareholders in Sifo Group will be entitled to subscribe for three new shares for every five shares held, at an issue price of SEK 40 per share. The record date of the rights issue is January 10, 2000. The Board of Directors of Sifo Group decided on December 12, 1999, subject to approval by the Extra General Meeting, on a new share issue with preferential rights for existing shareholders of not more than 11,223,742 Series A shares and not more than 9,592,673 Series B shares, each with a par value of SEK 1.50. For every five shares of Series A and Series B held, shareholders are entitled to subscribe for three new Series A and Series B shares, respectively, at an issue price of SEK 40 per share. The share capital of Sifo Group AB will thereby increase by not more than SEK 31,224,622.50 to not more than SEK 83,265,663. The issue will raise the number of shares in Sifo Group AB from 34,694,027 to not more than 55,510,442. An Extra General Meeting of the shareholders in Sifo Group has today approved the Board of Directors' decision on a rights issue as outlined above. Sifo Group's principal shareholder, Investment AB Bure, is positive to the acquisition of Romeike Group and has announced its intention to subscribe for its full allotment of shares in the rights issue. Bure is Sifo Group's largest shareholder, with 49,5 percent of the shares, representing 63,9 percent of the voting rights. The subscription period for the rights issue is tentatively scheduled for January 13-26, 2000. A prospectus is expected to be received by shareholders of Sifo Group by the beginning of the subscription period. The record date for the rights issue is January 10, 2000. For more information regarding this press release, please contact: Robert Lundberg, President and CEO, telephone +46 8 625 15 43, e-mail robert.lundberg@sifogroup.se Jan-Erik Jansson, CFO, telephone +46 8 625 15 42, e-mail jan-erik.jansson@sifogroup.se Per Blixt, Chief Communications Officer, telephone +46 8 625 15 51, mobile +46 70 549 28 08, e-mail per.blixt@sifogroup.se Carnegie is financial adviser to Sifo Group. This press release is also accessible online at www.sifogroup.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/29/19991229BIT00250/bit0001.doc http://www.bit.se/bitonline/1999/12/29/19991229BIT00250/bit0002.pdf