Vattenfall over 90 per cent in Arrowhead. Offer prolonged

Vattenfall over 90 per cent in Arrowhead. Offer prolonged The notification period for Vattenfall AB's (publ) ("Vattenfall") offer to shareholders in Arrowhead AB (publ) ("Arrowhead") expired on 16 May 2001. It can be noted that today Vattenfall controls shares in Arrowhead equivalent to 91.3 per cent of all shares and 91.3 per cent of the voting rights. Reporting of payment for the shares in Arrowhead surrendered before 16 May 2001 is expected to begin around 29 May 2001. Vattenfall has decided to prolong the offer up to and including 1 June 2001. With regard to shareholders in Arrowhead who surrender shares during the prolonged notification period, reporting of payment is expected to begin around 14 June 2001. Vattenfall reserves the right to acquire further shares in Arrowhead by means of the stock market. Vattenfall intends to begin compulsory purchase of outstanding shares in the near future. The offer is not directed at persons whose participation presupposes a further prospectus, registration measures or measures other than those that follow from Swedish law. Thus no offer is implied through this press release, either directly or indirectly, in the USA, Canada or Japan. The press release may not be distributed to countries where the distribution or the offer either require measures in accordance with the previous paragraph or contravene regulations in such countries. Issued by Vattenfall's Press Office, telephone +46 8 739 50 10. For further information, please contact: Mats Fagerlund, Executive Vice President, Corporate Legal Affairs and M&A, Vattenfall, telephone: +46-8-739 76 42. Knut Leman, Senior Vice President, Corporate Communications, Vattenfall, telephone: +46-8-739 50 31. Vattenfall's vision is to be a leading European energy company. The Nordic region, Poland and Germany are its domestic markets. Today, Vattenfall generates power and supplies energy solutions to 2.2 million customers in the Nordic region and northern Europe. The largest electricity customers are industrial plants and energy companies. Vattenfall's main products are electricity, heat and natural gas, as well as network, consulting and maintenance services. Vattenfall's net sales in 2000 amounted to almost SEK 32 billion. Sales included 83 TWh electricity and 17 TWh heat ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/05/21/20040817BIT20880/wkr0001.pdf