STOCKHOLM, Sweden, Jan. 14, 2002 (PRIMEZONE) -- Shareholders in Scandinavia Online AB (publ) ("SOL") representing 99.2 percent of the capital and the voting rights have now accepted the offer from Eniro AB (publ) ("Eniro"), which after extension expired on January 11, 2002. Settlement for those shareholders who have accepted the offer during the extended acceptance period is expected to be commenced on or about January 18, 2002. Eniro has initiated a compulsory acquisition process of the remaining shares in SOL. The Board of Directors of SOL has requested a delisting of SOL's shares from Stockolmsborsen and the Oslo Bors. Delisting is expected to take effect as of January 16, 2002, as a result of which the last listing day is expected to be January 15, 2002. Eniro may purchase shares in the market up until this date.
Eniro is Northern Europe's leading provider of directory services online and offline. The Eniro Group had a turnover of SEK 3 billion and showed an operating profit before depreciation (EBITDA) of SEK 891 million in 2000. Eniro has operations in 23 countries with approximately 4,000 employees.
This press release may not be distributed to or within the U.S., Canada, Australia and Japan or in any other country in which distribution conflicts with the regulations of such country or requires additional measures than those stipulated under Swedish law. No offer is being made to persons whose participation in the Offer requires an additional prospectus, registration or other measures than those required under Swedish law.
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