Framfab's extraordinary general meeting


STOCKHOLM, Sweden, Aug. 8, 2003 (PRIMEZONE) -- Framfab's extraordinary general meeting of shareholders of August 8, 2003 reached the decision to: Authorize the board to, on one or more occasions until the next annual general meeting, issue a total of no more than 130,000,000 new shares.

Deviating from the preferential rights of shareholders, a limited number of strategic or financial investors shall be entitled to subscribe for the shares. Determination of the subscription price shall be based on the market value of the Company's stock at the time of each issue.

The purpose of the authorization is to strengthen the Company's financial position and provide greater security for its clients. If the issue is fully subscribed for, the Company's share capital and votes will be diluted by approximately 20%.

For more information please contact:

Sven Skarendahl, Chairman , Framfab AB +46 8 41 00 10 00, sven.skarendahl@framfab.se

Anders Ekman, CEO, Framfab AB +46 8 41 00 10 00, anders.ekman@framfab.se

Christian Luiga, CFO, Framfab AB +46 8 41 00 10 00, christian.luiga@framfab.se

Framfab is a leading provider of consulting services and business solutions based on Internet technology. Most of Framfab's customers are big international companies, including 3M, AXA, the Coca-Cola Company, Danske Bank, Electrolux, Ericsson, Hydro Texaco, IKEA, Kellogg's, Maersk Sealand, NEC Packard-Bell, Nike, Observer, Postbank, SAAB, Volvo Car Corporation and UBS. Framfab operates in Denmark, Germany, the Netherlands and Sweden. The company is quoted on the O list of the Stockholm Stock Exchange (ticker symbol FRAM). For more information, please visit www.framfab.com.

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The following files are available for download:

http://www.waymaker.net/bitonline/2003/08/08/20030808BIT00290/wkr0001.doc

http://www.waymaker.net/bitonline/2003/08/08/20030808BIT00290/wkr0002.pdf