Telia AB and Morgan Stanley Dean Witter announce the exercise of the Over-Allotment Option in Eniro's IPO

Telia AB and Morgan Stanley Dean Witter announce the exercise of the Over- Allotment Option in Eniro's IPO Stockholm, November 7, 2000 - Telia and Morgan Stanley Dean Witter announce that the over-allotment option granted in connection with the initial public offering of Eniro AB was exercised in respect of 1,250,000 shares. After the exercise of the over-allotment option, Telia holds 49.1% of the company's shares. Eniro is listed on the O-List of the OM Stockholm Exchange, under the symbol ENRO. For further information journalists can contact: Telia Michael Grant Tel: +46 8 713 6070 Morgan Stanley Dean Witter Donal Quigley Tel: + 44 20 7513 5706 Telia is the leading Nordic Internet and communication company challenging technology to liberate you in life and business. In 1999, Telia's sales totalled SEK 52,121 million and the number of employees was approximately 30,600. Telia is quoted on the A-list of the Stockholm Stock Exchange. Eniro AB is the leading Nordic directories company, offline and online. The Company's 1999 revenues were SEK2,649 million and has approximately 2,000 employees in nine countries - in the Nordic Region, the Baltic States and Eastern Europe. Eniro's brand names in Sweden are Gula Sidorna, Emfas and Din Del. In total, Eniro publishes 700 titles distributed in 24 million copies. The number of visitors on the Company's web pages in 1999 amounted to 11.4 million. The information contained herein is not for publication or distribution in or into the United States of America, Canada or Japan. This press release does not constitute an offer of securities for sale in the United States; the securities may not be offered or sold in the United States absent registration or an exemption from registration; and any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management as well as financial statements. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/11/07/20001107BIT00120/bit0001.doc http://www.bit.se/bitonline/2000/11/07/20001107BIT00120/bit0002.pdf