STOCKHOLM -- Shares and subscription rights representing 98.2% of the shares and 98.9% of the votes in Netwise have been submitted in Ericsson's cash offer to the shareholders and subscription rights holders in Netwise.

On 5 June 2006 Telefonaktiebolaget LM Ericsson ("Ericsson") announced a public offer ("the Offer") directed at the shareholders and subscription rights holders in Netwise AB (publ) ("Netwise"). On 4 August 2006 Ericsson announced that they had fulfilled the Offer and stated that the acceptance period was extended to 25 August inclusive.

During the extended acceptance period 71,761 additional shares were submitted following the Offer. Thus it can be established that valid acceptances corresponding to 4,948,093 shares and 169,0001 subscription rights in Netwise have been submitted due to the Offer, representing 98.2% of all shares and 98.9% of all votes in the company calculated according to the utilisation of all subscription rights in Netwise.

The Offer will not be extended further.

Settlement for the extended acceptance period is estimated to begin on September 5, 2006. As previously announced, Ericsson has demanded compulsory purchase of outstanding shares in Netwise.

Ericsson AB (Nasdaq: ERIC)