Ericsson

The Board of Ericsson decides about a directed offer for the Stock Purchase Plan 2003

Pressmeddelande   •  Apr 28, 2003 00:00 CEST

In accordance with previous decisions at the AGM Ericsson expands its
treasury stock in order to provide shares to the Stock Purchase Plan
2003 for employees.

The Board of Telefonaktiebolaget LM Ericsson has today decided, in
accordance with an authorization given by the Annual General Meeting
on April 8, 2003, on a directed offer for the acquisition of shares
to the subscribers of C-shares in Ericsson, i.e. Nordinvest AB, a
subsidiary to AB Industrivärden, and Investor AB. The offer is part
of the implementation of Ericsson's Stock Purchase Plan 2003 for
employees and includes all 158 million C-shares, which Ericsson has
issued. Acquisitions shall be made during the period April 28 - May
15, 2003. Payment for acquired shares shall be made in cash with SEK
1.00275416667 per share. Ericsson currently holds 152,324,933 own
shares.

Nordinvest AB and Investor AB both have informed Ericsson that they
intend to accept the offer.

Ericsson is shaping the future of Mobile and Broadband Internet
communications through its continuous technology leadership.
Providing innovative solutions in more than 140 countries, Ericsson
is helping to create the most powerful communication companies in the
world.

FOR FURTHER INFORMATION, PLEASE CONTACT
Media
Peter Olofsson, External Relations, Ericsson Corporate Communications
Phone: +46 8 719 18 80, +46 70 267 34 45
E-mail: press.relations@lme.ericsson.se

Investors and financial analysts
Anna Dimert, Investor Relations, Ericsson Corporate Communications
Phone: +46 8 719 44 14
E-mail: investor.relations@lme.ericsson.se