STOCKHOLM, Sweden, June 20, 2002 (PRIMEZONE) -- Stockholmsborsen has today received a writ from 20 banks and brokerages concerning a demand for the refund of value added tax paid during the years 1993-2000.
In the opinion of Stockholmsborsen, the claims made by the banks and brokerages lack foundation because, among other considerations, the banks and brokerages in question had already received compensation for the increased cost represented by the payment of VAT. Accordingly, Stockholmsborsen rejects all of the claims.
In total, the claims made by the banks and brokerages amount to approximately SEK 180 million plus interest. At the present time, the writ does not warrant the posting of any provisions in the financial accounts of OM, Stockholmsborsen's Parent Company.
For further information or comments, please contact: Maria Andark, Corporate Communication, +46 70 597 52 76 Stockholmsborsen Anna Eriksson, Vice President, Corporate +46 70 554 52 06 Communication, OM
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2002/06/20/20020620BIT00640/wkr0001.doc http://www.waymaker.net/bitonline/2002/06/20/20020620BIT00640/wkr0002.pdf