Hi3G Hires Chairman, CEO

Hi3G appoints Chris Bannister as deputy chairman of the board and Shlomo Liran as chief executive officer

October 27, 2003

1 Min Read

STOCKHOLM -- Hi3G Access AB announced today that Mr. Chris Bannister will be appointed as Deputy Chairman of the company's Board. Mr. Shlomo Liran, currently CEO of the satellite multi-channel TV company Yes in Israel, has been appointed CEO of Hi3G. Hi3G operates 3 in Scandinavia. The appointments will take effect in January 2004.

After over two years as CEO of Hi3G, Chris Bannister has successfully turned the company from a developmental phase to an operational business. In his future capacity as Deputy Chairman, he will be assisting the new CEO through the initial period and will be involved in the development of the company's Nordic business. Commenting on the above appointments, Chairman of the Board Bjorn Svedberg stated:

"These changes reflect the transition of 3's businesses from development to an operating stage. Chris has successfully built up the company, which has commenced offering services in two countries. As Deputy Chairman of the Board, Chris will work on a strategic level as well as securing a smooth transition. I would also like to take the opportunity to welcome Shlomo Liran to Scandinavia. His successful track record as a chief executive, and thus a leader for more than 15 years, will be most valuable in developing 3. "

Hi3G Access AB

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