Deliver Your News to the World

Ericsson completes its public offer to shareholders and holders of warrants in Netwise


WEBWIRE

August 4, 2006, Ericsson completes its public offer to shareholders and holders of warrants in Netwise
Shares and warrants representing 96.8% of the share capital and 98.1% of the voting rights in Netwise have been committed in Ericsson’s cash offer to shareholders and holders of warrants in Netwise. Ericsson is completing the offer and the acceptance period has been extended up to and including August 25, 2006.

On June 5, 2006, Telefonaktiebolaget LM Ericsson (“Ericsson”) announced a public offer (“Offer”) to shareholders and holders of warrants in Netwise AB (“Netwise”).

The acceptance period for Ericsson’s Offer to shareholders and holders of warrants in Netwise ended on August 2, 2006. Calculation of the total commitment to the Offer has not been completed yet, but it can be already established that valid acceptances representing 4,874,732 shares and 169,1001 warrants in Netwise have been committed in the Offer, which represents 96.8% of the share capital and 98.1% of the voting rights in the company, based on the exercise of all warrants in Netwise.

All the terms of the Offer have been fulfilled, which is why the Offer is being completed. For those shares and warrants that were committed in the Offer by August 2, 2006 at the latest, the settlement date is estimated to begin on August 11, 2006.

To facilitate further acceptance within the framework of the Offer, Ericsson is extending the acceptance period up to and including August 25, 2006, at 5 pm (CET). This gives shareholders and holders of warrants in Netwise, who have not yet committed their shares and/or warrants to the Offer, the opportunity to accept the Offer. Settlement for this extended acceptance period is estimated to begin on September 5, 2006.

Ericsson intends soon to request compulsory purchase of the outstanding shares and warrants in Netwise.


1 Including 107,900 warrants owned by Netwise Finans AB, a wholly owned subsidiary to Netwise AB.

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

Read more at www.ericsson.com



WebWireID17971





This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.