STOCKHOLM, Sweden, April 22, 2004 (PRIMEZONE) -- Based on the authorization granted by the Annual General Meeting 2004, the Board of Framfab AB (publ) has decided to carry out a settlement issue of 35,000,000 shares, increasing the company's capital stock by 1,750,000 SEK. All shares are subscribed for by SBI Scient Inc. and are issued as the final additional purchase price for the acquisition of SBI and Company UK Ltd. (under change of name to SBI Framfab Ltd.). The total settlement amount is 15,050,000 SEK. SBI Scient Inc's total shareholdings in Framfab will, after subscription of the newly issued shares, amount to 16.4% of the total number of shares and votes in the Company.
Framfab is a leading European communications specialist in digital media and interactive solutions based on Internet technology. Most of Framfab's customers are large international companies, including 3M, American Express, AXA, Carlsberg Breweries, Cheltenham and Gloucester Building Society, the Coca-Cola Company, Danske Bank, DuPont, Ericsson, Hydro Texaco, Kellogg's, Kraft Food International, Lloyds TSB, Nike, Nobel Biocare, Observer, Philip Morris International, Philips, Postbank, SAAB, Sara Lee Douwe Egberts, Vodafone, Volvo Car Corporation, Volvo Group and UBS. Framfab operates in Denmark, Germany, the Netherlands, Switzerland, Sweden and the United Kingdom. The company is quoted on the O list of the Stockholm Stock Exchange (ticker symbol FRAM). For additional information, see www.framfab.com
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