Ericsson reaches more than 90 percent of Tandberg Television shares

In the voluntary public cash offer to acquire all outstanding shares
in Tandberg Television (OSE:TAT), Ericsson (NASDAQ:ERIC) has received
acceptances and purchased shares representing more than 90 percent of
Tandberg Television.

With the received acceptances and the 15,108,197 shares already
purchased, Ericsson has reached the 90 percent acceptance and
ownership threshold.

Ericsson intends to complete the voluntary public cash offer in
accordance with the conditions in the offer document as soon as
possible, provided no material adverse change occurs prior to
completion and that the antitrust clearance condition has been
satisfied or waived.

Assuming completion of the voluntary cash offer, Ericsson will, as
soon as practically possible, proceed with a mandatory offer for the
remaining outstanding shares in Tandberg Television as required under
Chapter 4 of the Norwegian Securities Trading Act.

In parallel, Ericsson plans to resolve a forced transfer of the
remaining shares in Tandberg Television in accordance with paragraph
4:25 of the Norwegian Public Limited Companies Act. Such forced
transfer of shares is expected to take effect soon after the
announcement of the mandatory offer. In addition, Ericsson intends to
arrange for a delisting of the Tandberg Television share from the
Oslo Stock Exchange. Such delisting will likely take effect soon
after settlement of the mandatory offer.

Ericsson is shaping the future of Mobile and Broadband Internet
communications through its continuous technology leadership.
Providing innovative solutions in more than 140 countries, Ericsson
is helping to create the most powerful communication companies in the
world.

Read more at: http://www.ericsson.com

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Media Relations
Phone: +46 8 719 6992
E-mail: press.relations@ericsson.com

Ericsson Investor Relations
Phone: +46 8 719 4631
E-mail: investor.relations.se@ericsson.com