Eniro received a positive ruling regarding German tax losses carried forward

Eniro received a positive ruling regarding German tax losses carried forward

The Swedish Supreme Administrative Court has confirmed the positive decision
from the Board for Advance Tax ruling regarding Eniro's use of the German tax
losses carried forward. The decision means that the German tax losses may be
used to offset taxable income and gains in Sweden. 

After the sale of the German operations Wer Liefert Was? (WLW) in 2007, Eniro
has no longer any operations in Germany. Eniro therefore applied to the Board
for Advance Tax ruling in Sweden for a tax ruling regarding the possibilities to
utilize the German tax losses carried forward in Sweden. The losses, mainly
attributable to the close down of Windhager, amounts to approximately EUR 160 M.


The value of the tax losses is approximately SEK 475 M based on the current
exchange rates. The tax losses have to date not been recorded in the accounts.
As a consequence of the decision from the Swedish Supreme Administrative Court,
Eniro expects to start using the tax losses in 2010 and will therefore not pay
any tax in Sweden for the coming years. 


For more information, please contact: 
Jan Johansson, CFO, tel. 08-55 33 10 15, mobile 070-575 89 72
Åsa Wallenberg, Head of IR & Communications, tel. +46 8 553 310 66, mobile +46
70 361 34 09

www.eniro.com


Eniro is the leading directory and search company in the Nordic media market.
Eniro's search database connects sellers to buyers and makes it easy to find
people using Online, Voice and Offline Media channels. Eniro has operations in
Sweden, Norway, Finland, Denmark and Poland.

Eniro is listed on the Stockholm Stock Exchange and has some 5,000 employees. In
2008, revenues amounted to SEK 6,645 M, with Operational EBITDA (Operating
income before depreciation but excluding capital gains and restructuring costs)
of SEK 2,037 M