Ericsson resolves on a directed offer for C shares for LTV 2008

STOCKHOLM, SWEDEN, Jul 23 (MARKET WIRE) --

In accordance with the resolution by the Annual General Meeting 2008,
Ericsson (NASDAQ: ERIC) expands its treasury stock in order to provide
shares for the Long-Term Variable Compensation Program (LTV) 2008 for
employees in Ericsson.

The Board of Directors of Ericsson has today resolved, by virtue of an
authorization given by the Annual General Meeting on April 9 2008, to
direct an offer to all holders of C shares, i.e. AB Industrivaerden and
Investor AB, to acquire these shares.

The offer is part of the financing of Ericsson's Long-Term Variable
Compensation Program 2008 and includes all 19,900,000 C shares which
Ericsson has previously decided to issue for the program. Acquisition
shall be made during the period July 28 - August 14, 2008. Payment for
acquired shares shall be made in cash with SEK 5.01 per share. Ericsson
currently holds 43,375,290 shares as treasury stock.

AB Industrivaerden and Investor AB have informed Ericsson that they
intend to accept the offer.

Once all 19,900,000 C shares have been acquired by Ericsson, the Board
intends to convert them to B shares. After the conversion, the number of
B shares on issue will amount to 2,984,595,752.

Ericsson is the world's leading provider of technology and services to
telecom operators. The market leader in 2G and 3G mobile technologies,
Ericsson supplies communications services and manages networks that serve
more than 195 million subscribers. The company's portfolio comprises
mobile and fixed network infrastructure, and broadband and multimedia
solutions for operators, enterprises and developers. The Sony Ericsson
joint venture provides consumers with feature-rich personal mobile
devices.

Ericsson is advancing its vision of 'communication for all' through
innovation, technology, and sustainable business solutions. Working in
175 countries, more than 70,000 employees generated revenue of USD 27.9
billion (SEK 188 billion) in 2007. Founded in 1876 and headquartered in
Stockholm, Sweden, Ericsson is listed on OMX Nordic Exchange Stockholm
and NASDAQ.

For more information, visit www.ericsson.com or www.ericsson.mobi.

FOR FURTHER INFORMATION, PLEASE CONTACT

Media
Ericsson Media Relations
Phone: +46 8 719 69 92
E-mail: press.relations@ericsson.com

Investors
Ericsson Investor Relations
Phone: +46 8 719 00 00
E-mail: investor.relations.se@ericsson.com

Ericsson resolves on a directed offer for C shares for LTV 2008 (pdf):
http://hugin.info/1061/R/1237912/264657.pdf

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