Novestra acquires 8.6% of connova

NOVESTRA ACQUIRES 8.6% OF CONNOVA Novestra BK, a wholly-owned subsidiary of Novestra, has acquired 380,000 shares for an amount of MSEK 3.72 in ConNova Group AB, listed on the Stockholm Exchange's O-List, corresponding to 8.6% of the total number of outstanding shares. Novestra previously had an ownership and a Board representation in ConNova and were i.a. involved in the purchase of part of the company from Dutch Philips B.V. and in the listing of ConNova on the Stockholm Exchange. In connection with the close down of Novestra's engagement, Novestra sold its holding of 250,000 shares in ConNova for MSEK 34 in January of 2000. "At present, ConNova is valued low and we believe there are good chances that the company can develop positively both as regards its business and as regards the market value," Novestra's President, Thomas Åkerman comments. For further information please contact Thomas Åkerman, President, AB Novestra phone No. +46 8 545 017 50 For more information regarding AB Novestra, please see Novestra is one of the leading venture capital investment firms in the Nordic countries, primarily with a focus on companies providing enabling services to the network economy. Novestra's portfolio of companies includes B2 Bredband AB, Comintell Holding AB, Continuum Group Ltd, Fanglobe Inc, Iquity Systems Inc, Mobilestop Inc, Netsurvey AB, PowerNet AB and Qbranch AB. Novestra's shares are listed on the O-List of the OM Stockholm Exchange. ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download:

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