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Statement regarding ongoing legal matters

May 20, 2022

We understand that shareholders and others have questions about the company’s conduct in Iraq and certain ongoing investigations. Ericsson remains committed to providing shareholders and the public updates on matters relating to its ongoing interactions with the Department of Justice. As Ericsson previously announced, we are continuing to cooperate with the DOJ in relation to its notices that the company was in breach of its Deferred Prosecution Agreement by failing to provide certain documents and information and to adequately disclose its internal investigation into conduct in Iraq.

In connection with Ericsson’s cooperation, since the annual general meeting, our representatives have been engaging with representatives of the DOJ. We will continue to cooperate with the DOJ and other law enforcement authorities in this process and remain committed to operating ethically. Ericsson is also continuing to strengthen its internal controls, governance, risk management and compliance program. Ericsson has strengthened the senior management team to ensure that it has the necessary expertise to drive change and strengthen its governance and operations.

We will continue to provide updates on the organizational and compliance improvements at quarterly earnings. In the view of Ericsson and its counsel, it remains the best practice not to comment on the details of a pending legal or law enforcement investigation. In order to protect the integrity and preserve the confidentiality of the review and ongoing government investigations, it is important that we complete our process before we discuss these issues in more detail.