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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?


To: Yaacov who wrote (1521)4/28/1998 10:13:00 PM
From: P2V  Read Replies (1) | Respond to of 5390
 
It's in here, Yaacov !

Monday April 13, 12:28 pm Eastern Time

Company Press Release

Ericsson 1-For-1 Bonus Issue - New Conversion Price for Ericsson
American Depositary Debentures

NEW YORK--(BUSINESS WIRE)--April 13, 1998--Details of the LM Ericsson (NASDAQ:ERICY - news) 1-for-1 bonus
stock issue approved March 30, 1998 are announced today. ADR holders will receive a stock distribution of one new share
for each existing American Depositary Share. The bonus issue will not effect the par value of shares.

The record date for the bonus issue will be May 27, 1998. The ex-date will be May 22, 1998. The payable date will be May
29, 1998.

As a result of the bonus issue, the conversion price of Ericsson's American Depositary Debenture (ADD) (NASDAQ:ERICZ -
news) has changed. A holder wishing to convert ADDs into B Shares or American Depositary Shares (ADS) will be required
to deliver 3.61 ADDs to receive one B share or one ADS (representing one B Share).

Previously, a holder wishing to convert ADDs into B shares or ADSs was required to deliver 7.21 ADDs to receive one B
share or one ADS.

Ericsson's 100,000 employees are active in more than 130 countries. Their combined expertise in fixed and mobile networks,
mobile phones and infocom systems makes Ericsson a world-leading supplier in telecommunications.

Contact:

Margo Tighe
Investor Relations
212/685-4030

Regards,
Mardy