Telefon.Lm Ericsson

Stmnt re Directed Offer

Telefonaktiebolaget Lm Ericsson
27 April 2001

Decision by the Board of Ericsson regarding a directed offer

The  Board of Telefonaktiebolaget LM Ericsson has on April 26, 2001,  in
accordance with an authorization given by the Annual General Meeting  of
Ericsson 2001, decided on a directed offer to Investor AB and Nordinvest
AB,  a  subsidiary of AB Industrivarden, to acquire 155,000,000 C-shares
at  a  price  of  SEK  1,005644.  The directed  offer  is  part  of  the
implementation of Ericsson's Global Stock Incentive Program,  comprising
two parts - a Stock Option Plan and a Stock Purchase Plan.

The  Global Stock Incentive Program requires totally 155,000,000 shares,
equaling  1.96  percent of the total number of issued  shares.  Together
with  earlier decided incentive programs, the total number of shares  in
such  programs  amount  to 3.67 percent of the total  number  of  issued
shares.  At  present, Ericsson holds 1,804,000 own shares,  acquired  in
accordance with a resolution by the AGM 2000.

The directed offer is expected to be completed prior to the summer 2001

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.



Anna Surtevall, Corporate Legal Counsel, Incentive Programs
Phone: +46 8 719 56 67, E-mail: [email protected]

Pia Gideon, Vice President External Relations, Corporate Communications
Phone: +46 8 719 28 64, E-mail: [email protected]

Gary Pinkham, Vice President, Investor Relations
Phone: +1 212 685 4030; E-mail: [email protected]