STOCKHOLM, Sweden, March 20, 2002 (PRIMEZONE) -- Please find enclosed an English translation of the summons to attend Song Networks Holding AB's (Nasdaq:SONW) (Stockholm Stock Exchange:SONW) AGM on Wednesday, April 17, 2002 at 2pm in the City Conference Center, Norra Latin, Drottninggatan 71b, Stockholm.
The summons is being advertised in Post- och Inrikes Tidningar and Dagens Industri on Wednesday March 20, 2002.
Enclosure: Advertisement of summons to attend AGM
Enclosure:
The shareholders of Song Networks Holding AB, 556512-7031, are herewith summoned to an AGM on Wednesday 17 April 2002 at 2pm in the City Conference Center, Norra Latin, Drottninggatan 71b, Stockholm.
Notification etc.
Shareholders wishing to participate in the AGM must firstly be registered in the share register kept by VPC AB at the latest by Friday 5 April 2002, and secondly notify the company at the latest by Friday 12 April 2002 12pm. Notification of participation can be made in writing to Song Networks Holding AB, f.a.o.: Lena Ekedahl, Box 501, SE-182 15 Danderyd, by e-mail to lena.ekedahl@songnetworks.net, by fax on +46 (0)8-5631 01 01 or by phone on +46 (0)8-5631 00 00, whereby the number of accompanying assistants must also be notified. The notification should be accompanied by a copy of any power of attorney.
In order to be allowed to participate in the AGM, shareholders who have their shares registered in the name of an authorised agent through a bank's trustee department or other administrator must request temporary entry in the share register at VPC. Shareholders must inform the administrator of this well in advance of April 5, 2002.
Proposed Agenda
1 Opening of the meeting
2 Election of chairman of the meeting
3 Perception and approval of list of voters
4 Approval of agenda
5 Election of one or two minutes-checkers
6 Confirmation that the meeting has been duly and properly
convened
7 Presentation of submitted annual report and auditor's report
and of consolidated accounts and consolidated auditor's
report
8 Decision regarding
a) adoption of profit/loss statement and balance sheet and
of group profit/loss and consolidated balance sheet
b) allocations in connection with the company's profit/loss
in accordance with the adopted balance sheet
c) freedom of liability for board members and the managing
director
9 Setting of the board's and the auditor's fees
10 Election of board and any board deputies
11 The board's proposed change to articles of association
12 Conclusion of meeting
The annual report and the auditor's report for the financial year 2001 will be made available at the company's office at Svardvagen 19, Danderyd as from April 3, 2002, and will be presented at the meeting. Copies of these documents will also be sent to the shareholders who so request and who stipulate their postal address.
Proposed Decision
Allocation of the Company's Loss (Item 8b)
The board proposes that the accumulated loss is carried forward.
Election of Board and Fees for the Board and the Auditor (Items 9 and 10)
Shareholders, representing approx. 25 percent of the total number of votes, have made the following proposals:
-- Fees for board and auditor: Unchanged amounts, i.e. SEK 300,000 to
the chairman and SEK 125,000 to the other members who are not
employed within the group. It is proposed the auditor's fee be
paid in accordance with an approved invoice.
-- Election of board: Re-election of Tommy Ekstrom, Lars Grpnberg,
Lennart Lubeck, Viesturs Vucins and Lars Windfeldt.
Change in Articles of Association (Item 11)
The board proposes that Item 5 in the articles of association be should read as follows: "The company's share capital shall be not less than SEK 8,000,000 and not more than SEK 32,000,000."
About Song Networks, the former Tele1 Europe, (Nasdaq:SONW), (Stockholmsborsen:SONW)
Song Networks is a rapidly expanding data and telecommunications operator with activities in Sweden, Denmark, Finland and Norway. The Company provides holistic solutions for data, internet, hosting and voice, to businesses in the Nordic region. 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 1,100 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.
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