Novestra secures possibility to acquire additional shares in B2 bredband

NOVESTRA SECURES POSSIBILITY TO ACQUIRE ADDITIONAL SHARES IN B2 BREDBAND AB Novestra has now achieved approval from the other shareholders in B2 Bredband AB for taking over part of Peter Ekelund's shareholding in B2. In connection thereto, the previous agreement between Novestra and Peter Ekelund concerning acquisition of Novestra shares in exchange for shares in B2 has been renegotiated securing a possibility for Novestra to acquire a total of 1,625,000 shares up to December 31, 2002. Of the total number of shares in the agreement, 1,125,000 B2 shares may be acquired in exchange for 413,095 Novestra shares and the remaining 500,000 B2 shares in exchange for 367,195 Novestra shares. "A continued support from the main shareholders has made it possible for B2 to proceed with its operations and significantly increase the number of installations and customers in the past months. Further, the company has achieved a very interesting opportunity through the UMTS licence together with Orange. Despite a very difficult situation on the capital markets, we believe that B2 has a good opportunity to create a positive development in value for its shareholders in the future. The agreement with Peter Ekelund is satisfactory as it is up to Novestra to finally decide whether the transaction shall be concluded or not and as we have up to the end of next year to take such a decision," Novestra's chairman, Theodor Dalenson, says. For further information, please contact Mr Thomas Åkerman, President, AB Novestra, phone No. +46 8 545 017 50 About Novestra AB Novestra is one of the leading independent venture capital investment companies in the Nordic region with focus on companies providing enabling services and technologies for the communications industry. Novestra's portfolio of companies includes B2 Bredband AB, Comintell Holding AB, Continuum Group Ltd, Fanglobe Inc, Iquity Systems Inc, Multilet AB, Netsurvey AB, PowerNet AB and Qbranch AB. Novestra's shares are listed on the O-List of the OM Stockholm Exchange. For information regarding AB Novestra, please see ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download:

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About STRAXSTRAX is a global company specializing in mobile accessories and connected devices. STRAX is listed on the Nasdaq Stockholm Stock Exchange. STRAX offers proprietary, licensed,partner branded accessories and connected devices. The proprietary brands include XQISIT, GEAR4, Urbanista, THOR, AVO+ and FLAVR. The company furthermore represents over 30 brands. The company sells to a wide channel landscape ranging from telecom operators, specialized mobile and consumer electronics retailers to online, lifestyle, convenience stores and supermarkets. STRAX was founded in Miami and Hong Kong in 1995 and has since grown significantly across the globe. STRAX has 200 employees in 12 countries and its operational HQ and logistics center is based in Germany.