Ericsson completes funding plan

Press release
Jun 21, 2007 10:48 (GMT +00:00)
Ericsson ( NASDAQ:ERIC)  has successfully priced a multi-currency bond issue program.
The transaction comprised a EUR 875 million dual-tranche Eurobond, consisting of a EUR 375 million seven-year floating rate note and a EUR 500 million ten-year fixed rate note, as well as a SEK 3 billion five-year note.

Ericsson intends to use the proceeds of the offering for the refinancing of existing loans. The bond issues will materially lengthen Ericsson's average debt maturity profile. The mandated joint lead managers for the Eurobonds were Citi, Goldman Sachs International and JP Morgan and for the SEK bonds Nordea and Swedbank. Ericsson last accessed the Eurobond market in 2001.

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.

Ericsson Media Relations
Phone: +46 8 719 6992

Ericsson Investor Relations
Phone: +46 8 719 46 31

These materials are not an offer for sale of securities in the United States of America (including its territories and possessions, any State of the United States and the District of Columbia ).   This announcement does not constitute or form part of an offer or a solicitation of an offer to purchase or subscribe for securities in the United States or any other jurisdiction.   Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.   The issuer of any securities referred to herein has not registered, and does not intend to register, any portion of the offering in the United States, and does not intend to conduct a public offering of any securities in the United States.
This release is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "relevant persons").   The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons.   Any person who is not a relevant person should not act or rely on this release or any of its contents.
This release is an advertisement and is not a prospectus for the purposes of Directive 2003/71/EC (such directive, together with any applicable implementing measures in the United Kingdom under such Directive, the "Prospectus Directive").  The Base Prospectus for this Programme can be obtained in accordance with the Prospectus Directive. Investors should not subscribe for any securities referred to in this document except on the basis of information contained in the base prospectus read together with the final terms relating to these securities.