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3 Awarded 3G Licence

3rd September 2003

Europe : The Norwegian Government today announced that Hi3G Access Norway AS, a wholly owned subsidiary of Hi3G Access AB, has been awarded a licence to offer 3G services in Norway. Under the brand 3, the company will provide the Norwegian population with world-leading mobile video communication and other mobile telecom services.

“3 brings a strong mobile video communication offering to the Norwegian market. We have started providing services in Sweden and will soon do so also in Denmark, which together with the rest of the global 3 network gives us a strong position to offer innovative services at competitive prices in Norway”, says Chris Bannister ( INSET ), CEO for 3 in Scandinavia.

3 already has 520 000 customers (as per 21 August) in Australia, Austria, Italy, Sweden and the UK. In addition, 3 services will be introduced in Hong Kong, Ireland and Israel.

The price for the licence amounted to 62 MNOK. As holder of a licence, Hi3G is requested to provide at least 30 % of the Norwegian population with 3G coverage within six years. The following information is being provided in connection with today's announcement that Hi3G has been awarded a license for the provision of third-generation mobile services in Norway:

Considering the build-out requirements, the other terms for the Norwegian license and the potential synergistic effects for Hi3G's two other third-generation mobile companies in Scandinavia (Sweden and Denmark), Investor AB estimates that its total shareholder's
contribution to Hi3G still remains within the previously reported investment range of SEK 4-5 billion.

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