Ericsson Owners Discuss Voting Rights

STOCKHOLM -- In connection with the upcoming B-share rights offering, Ericsson'stwo largest shareholders, Investor AB and AB Industrivärden, as wellas other large owners Alecta, Robur Fonder, Nordeas fonder, AMFPension, Skandia, Fjärde AP-fonden, SEB Fonder, Första AP-fonden,Andra AP-fonden, Handelsbanken Fonder, SEB Trygg Liv, TredjeAP-fonden, SPP Livförsäkring AB, Handelsbankens Pensionsstiftelse andPensionskassa, Sjätte AP-fonden are in agreement on the following:We are in agreement that business interests are the key determiningfactor for participation in the rights offering.However, with respect to the importance of the question of votingrights for all share holders and with regard to compensation forA-shareholders, the above-named major owners and large owners wish toexamine how a leveling of the difference in voting rights from athousand to one to ten to one can be accomplished.Therefore the above named shareholders have assigned Ericsson'sChairman of the Board Michael Treschow to lead the task to find formsfor leveling the differences in voting rights. Major owners Investorand Industrivärden and the above named large owners will be involvedin the process. A proposal is to be presented in good time prior tothe AGM's of Ericsson, Investor and Industrivärden in 2003."Now, the most important issues are the legal conditions,compensation to A-shareholders and that, the question of votingrights is not mixed up with the ongoing process of the rightsoffering," said Ericsson's Chairman of the Board Michael Treschow.Ericsson AB