Cell Network On the Offensive in Europe With an Acquisition in Germany.

Business Editors & High Tech Writers

STOCKHOLM, Sweden--(BUSINESS WIRE)--Aug. 22, 2000

By acquiring German Internet company, Aperto Multimedia GmbH, with its 125 employees, Cell Network is significantly consolidating its foothold on the German market. The company also intends to apply for listing on the German Stock Exchange, Neuer Market. At the same time, the issue of new shares has also been proposed to underpin this rapid expansion in Europe.

Cell Network aims to acquire all the shares in the German Internet company, Aperto Multimedia GmbH. 51% of the shares are acquired at once, and the remaining shares within short. The fixed purchase price amounts to MSEK 205. In addition to this a variable purchase price depending on the future growth and results of Aperto will be paid. In conjunction with its expansionist offensive in Germany, Cell Network is set to become one of the first companies on the "O List" of OM Stockholm's Stock Exchange to apply for dual listing. To help raise the capital to fund a continued intensive campaign in Europe, the Board of Cell Network considers to propose the issue of new shares, available to all investors - not just in Sweden, but throughout the world.

"By acquiring Aperto, Germany's best Internet company, we are creating a strong expansionist base in one of Europe's most important markets. This acquisition will allow us to continue to pursue our strategy for Germany, whilst providing a rapid consolidation of further strategic expertise at the highest level," says Niklas Flyborg, President and CEO of Cell Network.

Aperto Multimedia is a well-managed Internet full service-provider founded in 1995 by its MD, Dirk Buddensiek. The company is the first within the industry to receive ISO 9000 certification.

Since 1997, the company has gradually been changing direction: once concentrating mainly on the development of creative solutions for the advertising industry, it has now become an one-stop supplier for Internet services. Today, Aperto offers not only strategic consulting in e-business, but also the development of front and back end solutions, and has been awarded a string of important major contracts from German industry. Notable customers include Siemens, Coca-Cola, Deutsche Bank and the Discovery Channel.

Aperto employs 125 members of staff in Berlin. The company has also recently started up an operation in San Francisco. The biggest investors are Dirk Buddensiek, Sebastian Turner, Thomas Heilmann, Bernd Hardes and Dominik Fassl.

"The merger with Cell Network will give us access to a very wide, global pool of expertise, enabling us to expand our business offer. Together we secure a position as on of the European top players within e-business," adds Dirk Buddensiek, MD at Aperto.

For more information please contact: Ellinor Bollman, Dir. Corporate Communcations, Cell Network, [phone], Arvid Liepe, Dir. Investor Relations, Cell Network, tel. [phone] Anke Sinnigen, Press Relations, Aperto Multimedia, tel. [phone]

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