NeoNet Makes Early Redemption of Debenture Loan

Stockholm - 25 October 2006

NeoNet’s Board of Directors has decided to exercise the right to redeem the debenture loan of SEK 50.6 m in advance of due date for payment. The debentures, which were offered to shareholders in 2004, amount to SEK 50.6 m and are subject to interest at 10% per annum. The loan will be redeemed in connection to payment of interest on 30th December 2006.

“Through an early redemption of the debenture loan we will increase the possibility to improve the net interest expense during 2007,” said Simon Nathanson, CEO of NeoNet.

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