STOCKHOLM, Sweden, Oct. 14, 2002 (PRIMEZONE) -- Shareholders in Song Networks Holding AB (publ) ("Song" or the "company") (Other OTC:SONWY), are hereby summoned to an extraordinary general meeting to be held at 15:00 on Monday, 11 November 2002 at City Conference Centre, Folkets Hus, Barnhusgatan 12-14, Stockholm.
NOTIFICATION
A shareholder who wishes to participate in the general meeting must be registered in the share register maintained by VPC AB on Friday, 1 November 2002, and notify the company of its intention to attend the general meeting not later than 12 noon on Wednesday, 6 November 2002 to the address: Song Networks Holding AB (publ), attention Lena Ekedahl, Box 501, 182 15 Danderyd or by fax 08-56 310 101. The notification should also contain the number of assistants (not more than two) who will accompany the shareholder. The notification should also state name, address, social security/company registration number, telephone number and the number of shares represented.
A shareholder whose shares are registered in the name of a nominee must, to be entitled to attend the general meeting, temporarily re-register the shares in its own name in due time prior to 1 November 2002.
A shareholder represented by a representative shall issue a power of attorney. The power of attorney should be dispatched to the company to the address mentioned above in due time prior to the general meeting. If a power of attorney is issued by a legal entity, a copy of a registration certificate for that legal entity must be enclosed.
MATTERS AND PROPOSED AGENDA
Opening of the general meeting. Election of a chairman for the general meeting. Preparation and approval of voting list. Approval of agenda. Election of one or two persons to certify the minutes. Determination of whether the general meeting has been duly convened. Information regarding the proposed restructuring of Song. The board of directors' proposed resolution to amend the articles of association. Presentation of documentation pursuant to Ch. 4, Sec. 4 and 6, and Ch. 5, Sec. 3 of the Companies Act. The board of directors' proposed resolutions to issue new shares and convertible debentures. The board of directors' proposed resolution to amend previous adopted option conditions. Closing of the general meeting.
About Song Networks, formerly Tele1 Europe, (Stockholm:SONW) Song Networks is a data and telecommunications operator with activities in Sweden, Finland, Norway and Denmark. The Company's business concept is to offer the best broadband solution for data communication, Internet and voice to businesses in the Nordic region. This means that Song Networks supplies communication solutions that are attractively customized for each corporate customer. Song Networks is currently the only pan Nordic operator investing in local access networks with broadband capacity. The Company has built local access networks in the largest cities in the Nordic region. The access networks, which are linked by a long-distance network is one of the fastest data and Internet super-highways in Europe, with an initial capacity for customers of up to one gigabit. The Company was founded in 1995 in Sweden and has approximately 1,000 employees. The head office is located in Stockholm and there are an additional 34 offices located in the Nordic region. For further information, please visit our website at www.songnetworks.net
Certain statements contained in this press release contain "forward-looking statements" within the meaning of the U.S. federal securities law. Such statements are based on the current expectations of the management of Song Networks Holding AB only, and performance is subject to risks, uncertainties and other factors that could cause actual results to differ materially from these statements. Such risks include, but are not limited to, adverse regulatory, technological or competitive developments; decline in demand for the company's services or products; inability to timely develop, introduce and market new technologies, products and services; pricing pressures resulting from competition; unforeseen construction delays; and the inability to successfully manage systems failures or shutdowns and service interruptions or reduced services to customers. For a more detailed discussion of such risks and uncertainties affecting the company, please refer to Song Networks Holding AB's reports that are filed from time to time with the U.S. Securities and Exchange Commission, including the company's annual report on Form 20-F and reports on Form 6-K.
This document is essentially a translation of the Swedish language version. In the event of any discrepancies between this translation and the original Swedish document, the latter shall prevail.
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