Decision from the Exchange’s Disciplinary Committee

Nasdaq Stockholm’s Disciplinary Committee has rendered its decision in two
matters referred to the Committee by Nasdaq OMX Stockholm (the “Exchange”). The
Disciplinary Committee has found that Eniro has contravened certain items of the
Exchange’s member rules and that Eniro therefore shall pay a fine to the
Exchange equal to three annual fees to the Exchange.

In the matter regarding the incorrect accounting that was caused by the former
CEO, which the company discovered and corrected during 2014, the Disciplinary
Committee has concluded that the disclosures and financial reporting of the
company has been incorrect as a result of the errors. At the same time, the
Disciplinary Committee stresses that Eniro, as a consequence of the CEO’s
actions, was put in a distressing situation and that the error related to a
question of periodization and a relatively limited amount. In September 2014,
Eniro reported its former CEO to the police authority.

In the matter regarding Eniro’s adjustment in May 2015 of its full-year
forecast, the Disciplinary Committee emphasizes that it has not been argued that
Eniro knowingly published an incorrect forecast. Nor does the Disciplinary
Committee question the statement that a rapid and unexpected negative trend
occurred soon after the report for the first quarter was published. Thus, the
matter merely related to a question of judgement in which the Disciplinary
Committee has found that Eniro should have made a different assessment and
adjusted its forecast already on 24 April when the report for the first quarter
2015 was published.

̶ Eniro has come to the same conclusion as the Exchange in relation to the
incorrect accounting. The company therefore adjusted its accounting already in
2014 and reported the former CEO to the police authority. As regards the
adjustment of the forecast, we note that the Disciplinary Committee sees no
reason to doubt that the board of Eniro has spent considerable time and gravity
on the forecast issue and emphasizes that the company has not knowingly
published an incorrect forecast. Further, the disciplinary committee does not
question that a rapid and unexpected negative trend occurred soon after the
report for the first quarter was published, notes Eniro’s chairman of the board
Lars-Johan Jarnheimer.

For further information, please contact:
Lars-Johan Jarnheimer, chairman, tel. +46 8 553 310 00
Stefan Kercza, President and CEO, tel. +46 8 553 310 00

This information is such that Eniro AB (publ) is obligated to disclose pursuant
to the Financial Instruments Trading Act and/or the Securities Market Act.
Submitted for publication on June 29, 2015, at 8.30 a.m. CET.

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. 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 local search companies in the Nordic region. The
company has approximately 2,300 employees and has been listed on Nasdaq OMX
Stockholm since 2000. During 2014, Eniro’s revenues amounted to SEK 3,002 M and
EBITDA was SEK 631 M. Approximately 88 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.