Handelsbanken in Norway chooses Song Networks

Handelsbanken in Norway chooses Song Networks Song Networks Holding AB (NASDAQ: SONW, Stockholm Stock Exchange: SONW) announced today that Handelsbanken has become one of Song Networks AS' new customers in Norway. A four-year agreement has been signed with the Norwegian branch of the Swedish Handelsbanken Group to provide communication services. The contract is worth NOK 2.6 million per year, or NOK 10.4 million in total. Handelsbanken has 27 offices in Norway, and ranks as one of the country's six largest commercial banks. All of the bank's departments will have services supplied by Song Networks. " We have chosen to focus on the corporate market as suppliers of data and telecommunication services. The bank places high demands on security and stability from its suppliers and that it has chosen to work with us puts a hallmark of quality on our services," says Pål Eivind Vegard, MD of Song Networks' Norwegian organization. The agreement includes the possibility of a four-year extension. Further information, please contact: Song Networks AS Song Networks AS Pål Vegard,ManagingDirector Lill Jakobsen,PRManager Phone: +47 2150 2101 Phone: +47 2150 2402 Mobile: +47 4000 0101 Mobile: +47 4000 0402 E-mail:pal.vegard@songnetworks.no E-mail: lill.jakobsen@songnetworks.no Song Networks Holding AB Petra Asteson, Investor Relations Assistant Phone: +46 8 5631 0344 Mobile: +46 701 810 344 E-mail: petra.asteson@songnetworks.se About Song Networks, former Tele1 Europe, (NASDAQ: SONW, OM Stockholm Stock Exchange: SONW) Song Networks is a rapidly expanding data, internet and telecommunications operator with activities in Sweden, Denmark, Finland and Norway. The company provides broadband solutions for data, internet and voice, to large and mid-range businesses in the Nordic region. Song Networks is currently the only pan Nordic data, internet and telecommunications operator investing in local access networks with broadband capacity. The company is constructing networks in the 80 largest cities in the Nordic region. The access networks, which are linked by a long-distance network, will be one of Europe's fastest data and internet super-highways with an initial capacity for customers of up to one gigabit. The company was founded in 1995 and has approximately 1,000 employees. The head office is in Stockholm and there are an additional 24 offices located in the Nordic region. For further information, please visit our website at www.songnetworks.net Certain statements contained in this press release contain "forward- looking statements" within the meaning of the U.S. federal securities law. Such statements are based on the current expectations of the management of Song Networks Holding AB only, and performance is subject to risks, uncertainties and other factors that could cause actual results to differ materially from these statements. Such risks include, but are not limited to, adverse regulatory, technological or competitive developments; decline in demand for the company's services or products; inability to timely develop, introduce and market new technologies, products and services; pricing pressures resulting from competition; unforeseen construction delays; and the inability to successfully manage systems failures or shutdowns and service interruptions or reduced services to customers. For a more detailed discussion of such risks and uncertainties affecting the company, please refer to Song Networks Holding AB's reports that are filed from time to time with the U.S. Securities and Exchange Commission, including the company's annual report on Form 20-F and reports on Form 6-K. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/07/20010807BIT00220/bit0001.doc http://www.waymaker.net/bitonline/2001/08/07/20010807BIT00220/bit0001.pdf