Framfab Concludes General Agreement with the Volvo Group


STOCKHOLM, Sweden, Aug. 14, 2002 (PRIMEZONE) -- The two-year general agreement that Framfab has concluded with the Volvo Group involves all Volvo companies. The contract, which covers web services, also includes a renewal clause.

For a number of years, Framfab has provided many companies in the Volvo Group with Internet-related services. The fact that the current general agreement involves all the companies sets the stage for clear and common terms while facilitating collaboration with both old and new clients in the Volvo Group.

According to CEO Christian Haeger of Framfab Sverige AB, "Volvo is taking advantage of the opportunity to generate goodwill through highly developed web services. We are both proud and enthusiastic about the growing trust that the Volvo Group is placing in us."

Framfab and the Volvo Group are now in a position to further develop their existing collaboration, while expanding it to companies not previously covered by a general agreement.

For more information, please contact:

Christian Haeger, CEO, Framfab Sweden +46 709 412147, christian.haeger@framfab.se

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

Tobias Bulow, Group Communications Manager, Framfab AB +46 709 73 75 16, tobias.bulow@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, Quelle Versicherungen, SAAB, Volvo Car Corporation, Volvo Group and UBS. Framfab operates in Denmark, France, Germany, the Netherlands and Sweden. The company is quoted on the O list of the Stockholm Stock Exchange (ticker symbol FTID). For more information, please visit www.framfab.com.

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