Proposed new board members for Utfors AB

Proposed new board members for Utfors AB The following new ordinary board members will be proposed at the Annual General Meeting of Utfors AB (publ) on 26 May 2000: - Daniel Hesse, who has for some months been President and CEO of Seattle- based TeraBeam Networks, which operates in the field of optical solutions for wireless high-speed access to telecoms and datacoms services. Daniel Hesse was formerly President and CEO of AT&T Wireless Services. - Thomas Axén, Managing Director of Bonnier Morgontidningar AB and Chairman of the Board of Dagens Nyheter, Sydsvenska Dagbladet and Marieberg International. "In preparation for the planned stock market listing later this year, we are now strengthening Utfors' Board of Directors by adding spearhead expertise in certain crucial areas," says Harold Kaiser, member of the board of Utfors and Senior Partner at Litorina Kapital. Daniel Hesse has considerable experience of the operator business and held several prominent positions at AT&T for 23 years. Hesse is a very well known name in the US, having, amongst other things, successfully built AT&T's mobile operator business into the US leader. TeraBeam Networks' new wireless broadband access technology has also generated considerable international interest, and Utfors now has ongoing access to Hesse's experience of technological development within the access area. Thomas Axén has long-standing experience of the content field, having held a number of prominent positions within the Marieberg group. Axén also has considerable experience of branding strategies and consumer marketing through his previous positions at Proctor & Gamble and McKinsey. Öyvind Aasbö, Harold Kaiser, Tom Bryant-Meisner and Sven-Christer Nilsson are proposed for re-election, whilst Anders Lönnqvist and Greger Eriksson have declined re-election. Shareholders representing 48.5% of the votes of Utfors AB support the proposal. For more information, please contact: Jan Werne, Managing Director, tel: +46 8 5270 2000 or +46 708 48 25 40 e-mail: jan.werne@utfors.se Johan Stuart, Chief Financial Officer, tel: +46 8 5270 2000 or +46 708 48 25 27 e-mail: johan.stuart@utfors.se Harold Kaiser, Senior Partner, Litorina Kapital, tel: + 46 8 545 181 80, +46 708 54 38 00 Utfors AB was the first company to offer free Internet subscriptions and to launch local call rates throughout Sweden. The company is a leading Swedish datacoms and telecoms operator with its own infrastructure, supplying IP (Internet Protocol) based high-speed services to companies and private customers in the Nordic region. In 2000, Utfors will be completing 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 major Danish cities and Helsinki. Utfors employs approximately 170 people in Stockholm, Uppsala, Gothenburg and Överkalix and currently has over 250,000 telephony and Internet customers. Utfors AB's principal owners are Norsk Vekst and Litorina Kapital, as well as a number of institutional investors. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/27/20000427BIT00980/bit0001.doc http://www.bit.se/bitonline/2000/04/27/20000427BIT00980/bit0002.pdf