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The Public Offer For Conversion Rights In Ericsson; Acceptance Period Now Closed -- 36 363 982 Rights Have Been Acquired

STOCKHOLM, Sweden, Oct. 27, 2004 -- By way of a press release on 21 July 2004, the undersigned shareholders in Telefonaktiebolaget LM Ericsson ("Ericsson") made a public offer (the "Offer") to the future holders of so-called conversion rights in Ericsson to sell such rights to us for SEK 1.10 in cash per conversion right. The acceptance period for the Offer was 20 September -- 20 October 2004. Since the acceptance period is now closed, it is hereby announced that we have acquired 36 363 982 conversion rights under the Offer, which entitle us to convert 36 363 982 B-shares in Ericsson to a corresponding number of A-shares in the company. This number of A-shares corresponds to 1,3 % of the total number of votes in Ericsson, assuming that all issued conversion rights will be exercised. The 36 363 982 conversion rights that we have acquired under the Offer, as described above, will be distributed among us as indicated below:

                           No of conversion rights
 Alecta Pensionsforsakring, omsesidigt                  2 509 115
 Andra AP-fonden                                        2 654 571
 Arbetsmarknadsforsakringar, pensionsforsakrings-       4 763 682
 aktiebolag
 Fjarde AP-fonden                                       2 872 755
 Forsta AP-fonden                                       3 090 938
 Gamla Livforsakringsaktiebolaget SEB Trygg Liv         1 963 655
 Handelsbanken Fonder                                   2 072 747
 Handelsbanken Liv Forsakrings AB                         109 092
 Nordea's funds in Sweden and Luxembourg                3 418 214
 Robur funds                                            6 690 972
 SEB funds                                              3 127 302
 SPP funds                                                763 644
 Tredje AP-fonden                                       2 327 295
                                                       36 363 982
 Total

Our holdings of shares and votes in Ericsson as of 20 October 2004 following the acquisition of conversion rights and conversion are indicated in the table below (once more it is assumed that all issued conversion rights will be exercised).

                                             Capital       Votes
                                                 %            %
 Alecta Pensionsforsakring, omsesidigt         1,51          0,95
 Andra AP-fonden                               1,14          0,94
 Arbetsmarknadsforsakringar,                   1,97          1,29
 pensionsforsakringsaktiebolag
 Fjarde AP-fonden                              1,19          0,78
 Forsta AP-fonden                              1,18          0,92
 Gamla Livforsakringsaktie-                    0,53          1,20
   bolaget SEB Trygg Liv
 Handelsbanken Fonder                          0,80          0,48
 Handelsbanken Liv Forsakrings AB              0,01          0,04
 Nordea's funds in Sweden and                  1,47          0,96
 Luxembourg
 Robur funds                                   2,37          1,58
 SEB funds                                     1,22          0,82
 SPP funds                                     0,37          0,21
 Tredje AP-fonden                              1,08          0,84
 Total                                         14,84        11,01

Payment of the proceeds for the conversion rights acquired by us under the Offer will commence on 29 October 2004.

                        Stockholm, 27 October 2004

 Alecta Pensionsforsakring, omsesidigt
 Andra AP-fonden
 Arbetsmarknadsforsakringar, pensionsforsakringsaktiebolag
 Fjarde AP-fonden
 Forsta AP-fonden
 Gamla Livforsakringsaktiebolaget SEB Trygg Liv
 Handelsbanken Fonder
 Handelsbanken Liv Forsakrings AB
 Nordea's funds in Sweden and Luxembourg
 Robur funds
 SEB funds
 SPP funds
 Tredje AP-fonden

This information was brought to you by Waymaker http://www.waymaker.net

The following files are available for download:

http://www.waymaker.net/bitonline/2004/10/27/20041027BIT20330/wkr0010.pdf

CONTACT:
 Marianne Nilsson, Robur, Tel: +46 (0)8-58 59 24 15
 Peter Rudman, Nordea's funds in Sweden and Luxembourg, Tel: +46
 (0)733-57 70 23
 Mats Guldbrand, AMF Pension, Tel: +46 (0)8-696 31 24
 Bjorn Lind, SEB Fonder, Tel: +46 (0)705-57 28 66