Friday, October 18 2002

 The Ericsson board has authorized the President and CEO to apply for and execute de-listing of the Ericsson B-share from Euronext (Paris),

the German Stock Exchanges (Düsseldorf, Frankfurt and Hamburg) and the Swiss Exchange.

Today, more than 99 percent of trading in Ericsson is on the OM Stockholmsbörsen, Nasdaq and the London Stock Exchange. In France, Germany and Switzerland the trading volumes are insignificant and do not justify the costs associated with the listings.

The de-listing timeline is expected to differ for each exchange, with the process beginning immediately.

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/press

FOR FURTHER INFORMATION, PLEASE CONTACT

Investors

Gary Pinkham, Vice President, Investor Relations

Phone: +46 8 719 0858, +46 730 371 371

E-mail: investor.relations@ericsson.com

Media

Åse Lindskog, Director, Media Relations

Phone: +46 8 719 9725, +46 730 244 872

E-mail: ase.lindskog@lme.ericsson.se

Mads Madsen, Director, Media Relations

Phone: +46 8 719 0626, +46 70 666 2903