Proposal for Board of Directors of Song Networks Holding AB

At the Annual General Meeting, to be held March 24, 2004, the following proposal presented by the nominating committee will be submitted for election of the members of the Board of Directors, the number of directors and compensation to the Board of Directors. Number of directors Seven directors and no deputies. Compensation to the Board of Directors The fee proposed to the Chairman of the Board is SEK 325,000. The fee proposed to individual board members is SEK 135,000. Election of the Members of the Board of Directors Kjell Nilsson is proposed as Chairman of the Board. Re-election of Märtha Josefsson, Lars Grönberg, Raj Raithatha and Tomas Franzén as members of the Board. Election of Bo Wahlström, born 1949, Chairman of the Board of Metroland BV. Election of Martin Svalstedt, born 1963, managing director of Stena Adactum AB and board member of Ballingslöv Int. and Gunnebo AB. Chairman of the Board Roger Holtback has declined re-election due to extensive work required by other assignments and commitments. Shareholders who jointly represent more than 10 percent of the voting rights for all shares in the company have declared their intention to vote for the proposal. Song Networks Holding AB is listed on Stockholmsbörsen (SONW). For information, please contact: Song Networks Holding AB Tomas Franzén, CEO Tel: +46 8 5631 01 11 Mobile: +46 701 81 01 11 E-mail: tomas.franzen@songnetworks.net Song Networks Holding AB Jenny Moquist, IR Manager Tel: +46 8 5631 02 19 Mobile: +46 701 810 219 E-mail: jenny.moquist@songnetworks.net