Extraordinary general meeting for Utfors AB (publ)

Extraordinary general meeting for Utfors AB (publ) At an extraordinary general meeting for Utfors AB today, it was decided that the board of directors will be authorised to issue up to 3.5 million new shares with or without preferential right for present shareholders. "This authorisation is to be viewed as a step towards Utfors AB's future expansion. This means extending Utfors's network in Sweden including the coastal area of the northern Swedish province, Norrland, and the area of Dalarna. The expansion also entails extending the network throughout the Nordic region, as well as Utfors's plans to apply for UMTS licenses for mobile telephony and mobile Internet," says Managing Director, Jan Werne. Managing Director, Jan Werne, also informed of Utfors AB's plans to apply for an official listing of the company's shares in the second half of this year. Utfors was the first company to offer free Internet subscriptions and to launch local call rates for the whole of Sweden. The company is a leading Swedish data and telephony operator with its own infrastructure. It provides IP based (Internet Protocol) high-speed services to companies and private customers in the Nordic region. In 2000, Utfors will be setting up a 6,000 km long broadband network for data and telephony that will connect 75 of the largest cities in Sweden as well as Oslo, Copenhagen, other large Danish cities and Helsinki. Utfors employs approximately 130 people in Stockholm, Uppsala and Överkalix and currently has over 200,000 telephony and Internet customers. Utfors AB's principal owners are Norsk Vekst and Litorina Kapital, as well as a number of institutional investors. For more information, please contact: Jan Werne, Managing Director Tel: +46 8 5270 2000 or +46 70 848 25 40 e-mail: jan.werne@utfors.se John Stuart, Chief Financial Officer Tel: +46 8 5270 2000 or +46 70 848 25 27 e-mail: johan.stuart@utfors.se www.utfors.se ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/08/20000308BIT00910/bit0001.doc http://www.bit.se/bitonline/2000/03/08/20000308BIT00910/bit0002.pdf