STOCKHOLM, April 9, 2003 (PRIMEZONE) -- At the annual general meeting with the shareholders in Song Networks Holding AB (publ) ("Song") (Other OTC:SONWF) held at 3.00 pm today at Citykonferensen Ingenjorshuset in Stockholm the following resolutions, among others, were passed.
- The board of directors was elected in accordance with the proposal set out in the notice: Re-election of Lars Gronberg (director in Song since 2000) and election of Tomas Franzen (CEO in Song and director in Grin AB, Allgon AB, BTS AB, Epsilon AB, OEM International AB and ProAct AB), Roger Holtback (CEO in Holtback & Partner and director in Capio AB, Gunnebo AB, Nordic Capital, S.A.T.S Holding AB, Stena Group and TBG.N.V), Marta Josefsson (previously Chief Investment Officer of among others DnB Asset Management), Kjell Nilsson (previously CEO of Boliden AB and Trelleborg AB and director in Active Capital AB, Koenigsegg Automative AB, Radius Technology AB, Simonsen AB, Syntagma AB, Boliden AB, Carl Bro A/S and Rorvik AB), Lennart Asander (executive positions within Vattenfall AB and director in Kraftdragarna AB, Compeer AB, Arlanda Express AB, Vaxtriket Utveckling AB and Home Solution AB) and Raj Raithatha (CEO in Versatel International).
- The profit and loss statement and the balance sheet for the year 2002 were adopted.
- The company's profit/loss was allocated in accordance with the managing director's and the board of directors' proposal.
- The board of directors and the managing director were discharged from liability.
- It was resolved to amend the articles of association in accordance with the board of directors' proposal, resulting in an increase of the share capital limits of the company.
- It was resolved to assign the board of directors to appoint a compensation committee and an audit committee. It was resolved not to appoint a nominating committee.
CEO Tomas Franzen described Song's development during 2002 in his speech.
At the first meeting of the board of directors, Roger Holtback was appointed chairman of the board.
For information, please contact: Song Networks Holding AB Tomas Franzen, Chief Executive Officer Phone: +46 8 5631 0111 Mobile: +46 701 810 111 tomas.franzen@songnetworks.net
About Song Networks, (Stockholmsborsen: 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. The Company has built local access networks in the largest cities in the Nordic region. The Company was founded in 1995 in Sweden and have approximately 975 employees per September 30. The head office is located in Stockholm and there are an additional 34 offices located in the Nordic region.www.songnetworks.net
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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