Eniro to concentrate development and production resources

Eniro will be concentrating the company’s development and production resources
to Sweden and Poland. The aim is to further improve efficiency and thereby
accelerate development and launches of Eniro’s products and services. The change
will be carried out during the autumn and will entail a total reduction of 70
positions. The annual cost savings will amount to SEK 50 M, with full effect in
2016.
The change entails that large parts of the company’s development and production
resources will be moved to Sweden and Poland. However, Eniro will keep resources
in all countries to quality-assure content, product management and marketing at
the local level. These functions must be near the local business activities in
the respective countries. Union negotiations have been initiated.

“It is always unfortunate to have to give notice to employees, but we must
become even more efficient,” comments Stefan Kercza, Acting President and CEO of
Eniro. “We work in a highly competitive market and need short lead times to
create new offerings for our users and customers.”

Union negotiations have been initiated. The change will entail a reduction of
resources in Denmark, Norway, Poland and Sweden. At the same time, Eniro will
need to create new positions in Poland and Sweden, as new functions will be
established in these two countries. Among other things, a new service center
will be set up in Malmö. The change will entail a total reduction of 70
positions. Eniro will provide assistance to the affected employees in finding
new jobs, among other things through the new positions that will be created.

The annual cost savings will amount to SEK 50 M and will have full effect in
2016. The cost savings will take gradual effect and are expected to amount to
approximately SEK 40 M in 2015.

After the changes, more than 100 people continue to work on product development
with a focus on both customers and users. Each week Eniro Group has eight
million unique visitors searching for local information.
For more information, please contact:

Stefan Kercza, Acting President and CEO, Tel +46 8 553 310 00

Christer Lundin, Head of Corporate Communications, Tel: +46 72 888 18 16,
christer.lundin@eniro.com

Cecilia Ketels, Acting Head of Investor Relations, 46 721 572 907, email:
cecilia.ketels@eniro.com
This information is such that Eniro AB (publ) is required to disclose in
accordance with the Swedish Financial Instruments Trading Act and/or the Swedish
Securities Market Act. The information was submitted for publication at 09:00
CET, September 23, 2014.

Eniro is a search company that aggregates, filters and organizes local
information. Our growth is driven by users’ increasing mobility and multiscreen
behavior, where we are at the forefront with modern technical solutions. For
more than 100 years Eniro has helped people find local information and companies
find customers. Today it is a multiscreen solution – our users search for
information using their smart phones, tablets and desktops. This creates great
business opportunities for us as the local search company. Mobile advertising is
today the fastest growing part of Eniro’s business. Eniro is the local search
engine. A smart shortcut to what you need, no matter where you are or where you
are going.

Eniro is one of the largest search companies in the Nordic region and Poland.
The company has approximately 2,800 employees and has been listed on NASDAQ OMX
Stockholm since 2000. During 2013, Eniro’s revenues amounted to SEK 3,660 M and
EBITDA was SEK 849 M. More than 80 percent of Eniro’s advertising revenues come
from multiscreen channels. The company’s headquarters are located in Stockholm,
Sweden. More on Eniro at www.enirogroup.com.

Eniro – Discover local. Search local.