Not to be distributed in Australia, Canada or Japan.

At Ericsson's Extraordinary General Meeting today it was resolved to authorize the Board of Directors to decide upon the rights offering, during the period until the Annual General Meeting of Shareholders in 2003.

The issuance of shares will give preferential rights for the shareholders whereby shares, regardless of class of shares, shall carry right to subscribe to shares of series B.

At the Extraordinary General Meeting it was confirmed that the Board of Directors intend to finalize the rights offering as soon as the Board so finds suitable.


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FOR FURTHER INFORMATION, PLEASE CONTACT
Media
Pia Gideon, Vice President, External Relations
Phone: +46 8 719 2864, +46 70 519 2864
E-mail: pia.gideon@lme.ericsson.se

Investors and analysts
Gary Pinkham, Vice President, Investor Relations
Phone: +46 8 719 0858, +46 730 371 371
E-mail: gary.pinkham@ericsson.com