Extraordinary General Meeting of Wallenstam approves redemption

Extraordinary General Meeting of Wallenstam approves redemption The Extraordinary General Meeting, which was held on 24 January, adopted the Board's proposal. Briefly, the proposal means that Wallenstam's share capital will be reduced by SEK 9,396,690 by redeeming 939,669 Series B shares. The Meeting also voted in favour of reducing Wallenstam's reserve fund by SEK 79,871,865. The purpose of the reduction in share capital and the reserve fund is the repayment to the shareholders of SEK 95 in cash for each redeemed Series A and Series B share in Wallenstam. On condition that the terms of the redemption offer are satisfied, payment of the redemption amount is estimated to take place in about May, 2000. Pending the district court's decision to grant the necessary permit for the reduction in the company's share capital and reserve fund, the redemption shares will be traded on the Stockholm Stock Exchange from the beginning of February, 2000, to about May, 2000. Lennart Wallenstam Byggnads AB Gothenburg, 25 January, 2000 For further information, please contact Thomas Dahl, Director of Marketing and Information, phone +46 (0)31 200 000 or +46 705 171 142. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/01/25/20000124BIT00530/bit0001.doc http://www.bit.se/bitonline/2000/01/25/20000124BIT00530/bit0002.pdf