Information to the shareholders of Telefonaktiebolaget LM Ericsson in
connection with the extraordinary general meeting of shareholders on
31 August 2004 with regard to a proposal to change the difference in
                        voting rights between
              A-shares and B-shares from 1000:1 to 10:1
 
This document has been prepared to provide information to the
shareholders in Telefonaktiebolaget LM Ericsson prior to a resolution
to be adopted at the extraordinary general meeting of shareholders on
31 August 2004. If the general meeting of shareholders resolves in
favour of the proposal, a separate information brochure and an
application form will be sent to the A-shareholders after the
meeting. The information brochure will describe the procedure of
converting B-shares to A-shares and the sale of conversion rights.
 
Extraordinary shareholders' meeting
An extraordinary general meeting of shareholders in Ericsson will be
held in Berwaldhallen, Dag Hammarskj�� v䧠3, Stockholm, Sweden, on
Tuesday 31 August 2004, at 5:30 p.m.
 
Proposal for a resolution at the shareholders' meeting
A number of major shareholders in Ericsson have presented a proposal
to be resolved upon by the shareholders' meeting. The proposal
entails the difference in voting rights between the A-share and the
B-share being changed from 1000:1 to 10:1 by way of increasing the
voting rights attached to the B-share from 1/1000 of a vote to 1/10
of a vote. In addition, it is proposed that A-shareholders be
allotted one conversion right for each A-share. Each conversion right
entitles the holder to convert one B-share to one A-share during the
period 20 September - 10 December 2004.
 
Participation in the shareholders' meeting
Only those shareholders, who have been entered into the transcription
of the share register as of Saturday 21 August 2004, kept by VPC AB
(the Swedish Securities Register Centre) are entitled to participate
in the meeting, provided notice of attendance has been given. Since
said date will fall on a Saturday, shareholders must be registered
with VPC AB on Friday 20 August 2004. Shareholders, whose shares are
registered in the name of a nominee, must be temporarily entered into
the share register in order to be entitled to participate in the
meeting. The shareholder is requested to inform the nominee well
before Friday 20 August 2004, when such registration must have been
effected. Please observe that this procedure may also be applicable
for shareholders who are using a custody account with a bank and/or
trading via the Internet.
 
Notice of attendance
Shareholders who would like to attend the extraordinary general
meeting shall give notice hereof to the Company not later than 4 p.m.
on Wednesday 25 August 2004 via Ericsson's web site

www.ericsson.com/investors

 or by phone no. +46 (0)8 775 01 99 between
10 a.m. and 4 p.m. weekdays, or by facsimile no. +46 (0)8 775 80 18.
Notice may also be given within the prescribed time by mail to
Telefonaktiebolaget LM Ericsson, Group Function Legal Affairs,
Box 47021, SE-100 74 Stockholm, Sweden. When giving notice of
attendance, please indicate name, date of birth, address, telephone
no., and number of attending assistants.
 
Shareholders who are represented by proxy shall issue a power of
attorney for the representative. To a power of attorney issued by a
legal entity, a copy of the certificate of registration of the legal
entity shall be attached. The documents must not be older than one
year. In order to facilitate the registration at the meeting, powers
of attorney in its original, certificates of registration and other
documents of authority should be sent to the Company at the address
above so as to be available by Friday 27 August 2004.
 
Contents
1.  Background and reasons........ 2
2.  Change in the voting rights and creation of conversion
rights.......3
3.  Tax issues in Sweden...............4
4.  Ownership if the proposal is implemented.......6
5.  Information about the Offer......7
6.  What happens after the general meeting of shareholders?.........8
7.  Proposed amendment of the articles of association.....9
 
Certain definitions
"Ericsson" or the "Company" refers to Telefonaktiebolaget
LM Ericsson.
 
The "Offerors" refers to the group of major Swedish[1] institutional
shareholders making the Offer (see page 7).
 
The "Offer" refers to the offer made by the Offerors to holders of
conversion rights to acquire conversion rights for a price of SEK
1.10 in cash per conversion right (see page 7).
 
 
+-------------------------------------------------------------------+
| This document does not constitute a prospectus, and no offer is   |
| made hereunder. The Offer, which is made by the Offerors and to   |
| which reference is made in this document, is not made, directly   |
| or indirectly, to persons in the United States of America,        |
| Australia, Japan or Canada, or to persons whose participation     |
| requires additional prospectuses, registration measures or other  |
| measures in addition to those required under Swedish law. This    |
| document is a translation of a Swedish document. In the event of  |
| any differences between this translation and the Swedish          |
| original, the Swedish document shall prevail.                     |
+-------------------------------------------------------------------+
 
[1] Certain Luxembourg-based funds are also included in this group.
 
Background and reasons
In accordance with Ericsson's present articles of association, each
A-share confers one vote and each B-share 1/1000 of a vote. In
connection with the B-share rights issue in Ericsson in 2002, the
principal owners, Investor AB and AB Industriv䲤en, together with a
group of other major Swedish shareholders announced that the chairman
of the board of Ericsson would head a working group consisting of
representatives of the A-shareholders and the B-shareholders. The
working group was to investigate ways to change the difference in
voting rights between A-shares and B-shares from 1000:1 to 10:1,
taking into account the importance of the voting rights issue for all
shareholders and the A-shareholders' wish for compensation.
 
On 19 February 2004 the working group2 proposed a solution. The
proposal has now been submitted to the extraordinary general meeting
of shareholders in Ericsson by the shareholders who were members of
the working group. The proposal entails the voting rights attached to
the B-share being changed from 1/1000 of a vote to 1/10 of a vote and
all A-shareholders receiving a separate right, a conversion right,
for each A-share. Each conversion right entitles the holder to
convert one B-share to one A-share during a period of approximately
three months. The conversion right is also intended to be listed on
Stockholmsb��n (the Stockholm Exchange).
 
As of 28 May 2004, the shareholders represented in the working group
held A-shares representing, in total, approximately 87.1% of the
votes and approximately 3.6% of the shares in Ericsson, corresponding
to approximately 89.1% of all the A-shares in the Company. Further,
the shareholders represented in the working group held B-shares
representing in total approximately 0.5% of the votes and
approximately 20.4% of the shares, corresponding to approximately
21.3% of all B-shares in the Company. The shareholders represented in
the working group held approximately 24.1% of the total number of
shares in Ericsson.
 
The proposal is conditional on approval at the extraordinary general
meeting of Ericsson. In addition,
completion of the proposal was subject to certain other conditions,
all of which have now been met.
 
One condition was that the Swedish Securities Council
(Aktiemarknadsn䭮den) would state that the proposal was not in
conflict with good practice on the securities market. This condition
was met on 15 March 2004 when the Swedish Securities Council stated
that the proposal is consistent with good practice on the Swedish
securities market and that it can be assumed to be in the best
interest of the Company and therefore in the interest of all
shareholders. Another condition was the approval of the proposal at
the general meetings of Investor AB and AB Industriv䲤en. Such
approvals were given on 22 and 29 March 2004, respectively. The final
condition involving certain tax issues was met on 1 July 2004 when
the Supreme Administrative Court (Regeringsr䴴en) confirmed an
advance tax ruling previously ruled by the Council for Advance Tax
Rulings (Skatter䴴sn䭮den) implying that the reduction of the
voting rights difference to 10:1 and the conversion from B-shares to
A-shares do not trigger tax liability (see also page 4).
 
The proposal also envisaged that a cash offer to acquire conversion
rights for SEK 1.10 per conversion right be made to allow smaller
A-shareholders an opportunity to sell free of commission their
conversion rights. The offer, which is made by a number of major
Swedish institutional shareholders in Ericsson, was made public on 21
July 2004.
 
Ericsson's board of directors and management have pointed out that it
is important to the Company that the difference in voting rights
between the A-shares and the B-shares in the Company is changed from
1000:1 to 10:1. The current difference in voting rights has been
criticized by many Swedish and foreign shareholders. Ericsson's board
of directors and management are of the opinion that it is of benefit
to Ericsson and its shareholders that the difference in voting rights
is changed in accordance with the proposal.
 
[2] The working group consisted of representatives of the major
A-shareholders in Ericsson including Investor AB, AB Industriv䲤en,
Handelsbankens Pensionsstiftelse, Handelsbankens Pensionskassa and
Svenska Handelsbankens Personalstiftelse along with the majority of
the larger B-shareholders: Alecta Pensionsf��kring, ��sidigt,
Arbetsmarknadsf��kringar, pensionsf��kringsaktiebolag, F��a
AP-fonden, Andra AP-fonden, Tredje AP-fonden, Fj䲤e AP-fonden,
Livf��kringsaktiebolaget Skandia, Nordea funds in Sweden and
Luxembourg, Robur funds, Gamla Livf��kringsaktiebolaget SEB Trygg
Liv, SEB funds, SEB Trygg Liv AB, Handelsbanken funds, Handelsbanken
Liv F��krings AB and SPP funds.
 
Change in the voting rights and creation of conversion rights
 
The proposal
The proposal, to be resolved upon by the extraordinary general
meeting, entails the following.
 
* The voting rights attached to each B-share are changed from 1/1000
  of a vote to 1/10 of a vote by amendment of the articles of
  association. The voting rights attached to A-shares will remain one
  vote per A-share. In this way, the relationship between the voting
  rights attached to A-shares and B-shares respectively becomes 10:1.
* Those who are registered as holders of A-shares on 10 September
  2004 will for each A-share receive one conversion right, entitling
  the holder to convert one B-share to one A-share.
* The conversion rights will be created by means of a resolution of
  the extraordinary general meeting of shareholders that conversion
  rights be issued to A-shareholders. Moreover, Ericsson's articles
  of association will be supplemented with a provision to the effect
  that one conversion right entitles the holder to convert one
  B-share to one A-share during the period 20 September - 10 December
  2004.
 
The resolutions are to be adopted as a unit and are consequently
conditional upon each other. The proposed new wording of the articles
of association appears on page 9.
 
Majority requirement
The proposal entails a change of Ericsson's articles of association
to the effect that the number of votes attached to the B-shares is
increased. This requires
approval by shareholders representing 2/3 of the votes cast (A-shares
and B-shares) as well as the shares represented at the general
meeting (A-shares and B-shares). In addition, the proposal must be
approved by holders of half of all A-shares in the Company and 9/10
of the A-shares represented at the general meeting.
 
Shareholders who have undertaken to vote in favour of the proposal
The shareholders who submitted the proposal have also undertaken to
vote in favour of it at the general meeting. As of 28 May 2004 these
shareholders together represented approximately 87.6% of the total
number of votes in the Company and 24.1% of the total number of
shares in the Company and approximately 89.1% of the total number of
A-shares in the Company.
 
The purpose of the conversion rights
The purpose of allowing conversion of a limited number of B-shares to
A-shares during a certain period and allotting transferable
conversion rights to the A-shareholders, is to give A-shareholders
the option either to sell the conversion rights, or to exercise the
conversion rights and in the latter case be able to double their
holdings of A-shares.
 
Purchase and sale of conversion rights
The conversion rights are intended to be listed for trading on
Stockholmsb��n during a limited period of time. In addition, the
Offerors have made an offer for acquisition of conversion rights for
SEK 1.10 per conversion right (see also page 7).
 
approval by shareholders representing 2/3 of the votes cast (A-shares
and B-shares) as well as the shares represented at the general
meeting (A-shares and B-shares). In addition, the proposal must be
approved by holders of half of all A-shares in the Company and 9/10
of the A-shares represented at the general meeting.
 
Shareholders who have undertaken to vote in favour of the proposal
The shareholders who submitted the proposal have also undertaken to
vote in favour of it at the general meeting. As of 28 May 2004 these
shareholders together represented approximately 87.6% of the total
number of votes in the Company and 24.1% of the total number of
shares in the Company and approximately 89.1% of the total number of
A-shares in the Company.
 
The purpose of the conversion rights
The purpose of allowing conversion of a limited number of B-shares to
A-shares during a certain period and allotting transferable
conversion rights to the A-shareholders, is to give A-shareholders
the option either to sell the conversion rights, or to exercise the
conversion rights and in the latter case be able to double their
holdings of A-shares.
 
Purchase and sale of conversion rights
The conversion rights are intended to be listed for trading on
Stockholmsb��n during a limited period of time. In addition, the
Offerors have made an offer for acquisition of conversion rights for
SEK 1.10 per conversion right (see also page 7).
 
Tax issues in Sweden
The following description of certain Swedish tax regulations is based
on an advance ruling confirmed by the Supreme Administrative Court in
response to specific tax issues arising from this particular
situation and from other regulations now in effect. This summary is
intended to be used as information only by those persons holding
shares in Ericsson and who have an unlimited tax liability in Sweden.
Each shareholder should consult a tax adviser in order to ensure the
proper application of these regulations in a given context.
 
 
+-------------------------------------------------------------------+
| The Supreme Administrative Court has assessed the tax issues      |
| regarding the proposed transaction. The change in Ericsson's      |
| articles of association and the issue of conversion rights do not |
| trigger a tax liability. Instead, the tax base of the A-shares    |
| entitling to the conversion right will be allocated between those |
| shares and the conversion rights. No taxation takes place when    |
| the conversion rights are exercised. Taxation takes place first   |
| if the conversion rights are sold. In such a case, taxation will  |
| occur on the basis of capital gains or loss regulations applying  |
| to shares and other similar securities (participation rights).    |
+-------------------------------------------------------------------+
 
 
Receipt of conversion rights
The change in Ericsson's articles of association resulting in a
decrease in the difference in voting rights between the Company's
A-shares and B-shares does not imply that one or the other of the
shares is considered to have been sold.
 
When a conversion right is received on the basis of ownership of an
A-share, the market value of the conversion right is not taxable as
such. Instead, the tax base of the A-shares entitling to the
conversion rights is allocated between those shares and the
conversion rights. The tax base generally means the acquisition cost,
including commissions, calculated according to the average method.
 
Sale of conversion rights
If a conversion right is sold, the difference between the sales price
less sales expenses and the tax base (as referred to above) is
reported as a capital gain or capital loss. The conversion right
shall be considered to have been acquired for an amount equivalent to
that portion of the tax base of the A-share, immediately prior to the
issuance of the conversion right, comprised of the difference between
the market value of the conversion right, at issuance, and the market
value of the A-share prior to such issuance (of the conversion
right).
 
The acquisition cost for a conversion right purchased in the market
is the purchase price paid.
 
The so-called standard method, according to which the tax base is to
be determined as 20% of the net sales price, may not be applied. For
examples of the calculation of capital gains/capital losses, see
below.
 
A conversion right shall be treated as a participation right, that
is, as a security, which, in principle, is taxed in the same manner
as a share.
 
Exercise of a conversion right for conversion
The conversion of a B-share to an A-share does not comprise a sale.
Conversion does, therefore, not give rise to taxation for capital
gains/capital losses. The A-shares converted to B-shares are to be
considered to have been acquired for a compensation equivalent to the
tax base of the converted B-shares. As the conversion takes place by
the exercise of a conversion right, the tax base of the conversion
right shall be added to the tax base of the B-shares.
                          ________________
 
The Company intends to request that the Swedish Tax Agency, on the
basis of recommendations, approve the method by which the tax base is
to be allocated between the shares and conversion rights,
respectively.
 
Three examples of calculations of capital gains/capital losses with
the sale of conversion rights.
 
Assumptions:
 
1.  A-shares in Ericsson are traded at SEK 20 immediately prior to
the issuance of the conversion right.
2.  Immediately after the issuance of the conversion right the
conversion right is listed at SEK 1.10.
3.  The tax base of an A-share is SEK 15 (pursuant to alternative 1),
SEK 20 (pursuant to alternative 2) or SEK 30 (pursuant to alternative
3).
4.  The conversion right is sold for SEK 1.10.
5.  Expenses for the sale, commissions, etc. have not been
considered.
 
Calculations:
The sale of a conversion right results in a capital gain/capital loss
according to the following alternatives: 3
 
Alternative 1 (A-share purchased for SEK 15)
 
Sales price of the conversion right         1.10
Less tax base 5.5% of SEK 15  (rounded off) -0.83
Capital gain                                0.27
 
 
The remaining tax base of the A-share is
SEK 15 - SEK 0.83 = SEK 14.17.
 
Alternative 2 (A-share purchased for SEK 20)
 
Sales price of the conversion right 1.10
Less tax base 5.5% of SEK 20        -1.10
Capital gain                        0.00
 
 
The remaining tax base of the A-share is
SEK 20 - SEK 1.10 = SEK 18.90.
 
Alternative 3 (A-share purchased for SEK 30)
 
Sales price of the conversion right 1.10
Less tax base 5.5% of SEK 30        -1.65
Capital loss                        -0.55
 
 
The remaining tax base of the A-share is
SEK 30 - SEK 1.65 = SEK 28.35.
 
[3] In all of the examples it is assumed that the Swedish Tax Agency
will approve, on the basis of forthcoming general recommendations,
the distribution of the tax base to 5.5% (SEK 1.10/SEK 20= 5.5%),
that is, that portion of the conversion right's market value at the
point of issuance of the right, compared to the market value of the
A-share prior to the issuance of the conversion right (see under
"Receipt of conversion rights" on page 4).
 
Ownership if the proposal is implemented
The total number of A-shares in Ericsson currently represents
approximately 97.7% of the voting rights in Ericsson. Following the
change in the voting rights attached to the B-shares, the proportion
of voting rights attached to the current A-shares will be reduced to
approximately 29.7%, if no conversion rights are exercised. If all
the conversion rights are exercised for conversion, the number of
A-shares will be doubled and their proportion of the voting rights
will (everything else equal) be approximately 46.9%.
 
Assuming all conversion rights are exercised Ericsson's largest
shareholders based on voting rights will hold the following
proportion of voting rights.4
 
 
 
+-------------------------------------------------------------------+
| Shareholders                     | Before         | After         |
|                                  | amendment of   | amendment of  |
|                                  | the articles   | the articles  |
|                                  | of association | of            |
|                                  | and            | association   |
|                                  | conversion5    | and full      |
|                                  |                | exercise of   |
|                                  |                | all           |
|                                  |                | conversion    |
|                                  |                | rights        |
|----------------------------------+----------------+---------------|
| 1.        Investor AB            | 38.29%   (1)   | 19.43%        |
|----------------------------------+----------------+---------------|
| 1. AB Industriv䲤en            | 27.72%   (2)   | 13.28%        |
|----------------------------------+----------------+---------------|
| 1. Handelsbankens               | 7.21%    (3)   | 3.00%         |
|     Pensionsstiftelse            |                |               |
|----------------------------------+----------------+---------------|
| 1. Fidelity funds [6]           | 0.12%   (14)   | 2.92%         |
|----------------------------------+----------------+---------------|
| 1. Livf��kringsaktiebolaget   | 4.45%     (5)  | 2.63%         |
|     Skandia                      |                |               |
|----------------------------------+----------------+---------------|
| 1. Handelsbankens Pensionskassa | 4.72%     (4)  | 2.27%         |
|----------------------------------+----------------+---------------|
| 1. Gamla                        | 1.95%     (6)  | 1.36%         |
|     Livf��kringsaktiebolaget   |                |               |
|     SEB Trygg Liv                |                |               |
|----------------------------------+----------------+---------------|
| 1. Robur funds                  | 0.06%   (16)   | 1.34%         |
|----------------------------------+----------------+---------------|
| 1. Nordea's funds in Sweden and | 0.04%   (17)   | 0.86%         |
|     Luxembourg                   |                |               |
|----------------------------------+----------------+---------------|
| 1. Handelsbanken / SPP funds    | 0.18%   (12)   | 0.77%         |
+-------------------------------------------------------------------+
 
 
AB Industriv䲤en, Handelsbankens Pensionsstiftelse, Handelsbankens
Pensionskassa and Svenska Handelsbankens Personalstiftelse have
announced that they intend to exercise all conversions rights
allotted to them for conversion. Investor AB has announced that it
will not tender any conversion rights in the Offer and has also
undertaken not to dispose of any conversion rights in a manner
permitting them being tendered in the Offer. Each Offeror and
Livf��kringsaktiebolaget Skandia have undertaken not to tender
conversion rights in the Offer to the extent the number of such
conversion rights correspond to the number of A-shares held by each
party as of 18 February 2004 (which is the day before the press
release of the working group's proposal was made).
 
[4] Based on share holdings as per 28 May 2004 according to
information from VPC AB.
[5] The numbers in parenthesis indicate the shareholders' order of
precedence based on each shareholder's share of the total voting
rights.
[6] Fidelity funds' share of the voting rights is based on the most
recent available information, which is of 31 December 2003.
 
Information about the Offer
Below follows a summary of the features of the Offer to future
holders of conversion rights by a group of major Swedish
institutional shareholders in Ericsson (i.e. the Offerors). The
description of the Offer in this section is intended as general
information only from the Offerors. For further details on the Offer,
reference is made to the information brochure that will be prepared
in connection with the issuance of conversion rights and the Offer
and which will be sent to A-shareholders in Ericsson and made
available as described under "Additional information and application
form" on page 8.
 
The Offer
By way of a press release on 21 July 2004, certain major Swedish
institutional shareholders, that were members of the working group,
formally made an offer to the future holders of conversion rights in
Ericsson to acquire their conversion rights for SEK 1.10 in cash per
conversion right. No commission will be charged.
 
Acceptance period
The estimated acceptance period for the Offer is 20 September - 20
October 2004.
 
Shareholders making the Offer
The Offerors are Alecta Pensionsf��kring, ��sidigt, Andra
AP-fonden, Arbetsmarknadsf��kringar, pensionsf��kringsaktiebolag,
Fj䲤e AP-fonden, F��a AP-fonden, Gamla Livf��kringsaktiebolaget
SEB Trygg Liv, Handelsbanken funds, Handelsbanken Liv F��krings AB,
Nordea's funds in Sweden and Luxembourg, Robur
funds, SEB funds, SPP funds and Tredje AP-fonden.
 
The scope of the Offer
AB Industriv䲤en, Handelsbankens Pensionsstiftelse, Handelsbankens
Pensionskassa and Svenska Handelsbankens Personalstiftelse have
announced that they intend to exercise all conversion rights allotted
to them for conversion. Investor AB has announced that it will not
tender any conversion rights in the Offer and has also undertaken not
to dispose of any conversion rights in a manner permitting them being
tendered in the Offer. Each Offeror and Livf��kringsaktiebolaget
Skandia have undertaken not to tender conversion rights in the Offer
to the extent the number of such conversion rights corresponds to the
number of A-shares held by each party as of 18 February 2004.
Accordingly, the Offer does not include conversion rights as now
stated. Additionally, the Offer does not include conversion rights
held by persons in the United States of America, Australia, Japan or
Canada, or by persons whose participation requires additional
prospectuses, registration measures or other measures in addition to
those required under Swedish law.
 
Payment
It is estimated that the proceeds for the conversion rights tendered
in the Offer will be paid out on or about 29 October 2004.
 
What happens after the general meeting of shareholders?
Provided that the general meeting of shareholders resolves in favour
of the proposal to change the difference in voting rights between
A-shares and B-shares from 1000:1 to 10:1 and to issue conversion
rights, the following will happen after the meeting.
 
Change in the voting rights attached to the B-share
The Company will register the amended articles of association with
the Swedish Companies Registration Office (Bolagsverket) in the
beginning of September following which the voting rights attached to
each B-share will have been changed from 1/1000 of a vote to 1/10 of
a vote.
 
Allotment of conversion rights
Shareholders registered with VPC AB (the Swedish Securities Register
Centre) for A-shares in Ericsson on 10 September 2004 will
automatically receive one transferable conversion right for each
A-share held in Ericsson. The ex-rights date for trading will be 8
September 2004. This means that, if a person buys A-shares on or
after 8 September 2004, such person will not receive conversion
rights for these shares. If a person sells A-shares before 8
September 2004, such person will not receive conversion rights for
these shares.
 
Trading on Stockholmsb��n
It is intended that the conversion rights will be traded on
Stockholmsb��n under the symbol "ERIC SR". Trading is expected to
take place during the period 20 September - 7 December 2004. Banks
and stockbrokers will assist in the purchase and sale of conversion
rights. Commission may be charged.
 
Exercise of conversion rights
During the period 20 September - 10 December 2004 the holder of a
conversion right may convert one B-share to one A-share. To be able
to exercise conversion rights one B-share must be held for the
exercise of each conversion right. A request for conversion must be
made on a separate application form that will be sent to
A-shareholders and made available as described below under
"Additional information and application form".
 
Ericsson will apply for registration of requested conversions of
B-shares to A-shares with the Swedish Companies Registration Office
once every month during the period September - December 2004. Each
conversion round will be implemented following registration and the
making of an entry in Ericsson's share register. Conversion rights
that have not been exercised will be invalid and therefore without
value.
 
The Offer
The Offer from the Offerors to acquire conversion rights for SEK 1.10
kronor per conversion right is estimated to be open during the period
20 September - 20 October 2004 (see also page 7).
 
Nominee-registered shares
With respect to persons whose A-shares are registered in the name of
a nominee, all documentation will be sent to the nominee. Application
for exercise of conversion rights and acceptance of the Offer should
in this case be made in accordance with instructions from the
nominee.
 
Additional information and application form
On or about 17 September 2004 those who are registered as
A-shareholders in Ericsson on 10 September will receive (i) a
pre-printed application form for the conversion of B-shares to
A-shares and acceptance of the Offer, and (ii) an information
brochure with further information on the procedure for those who want
to exercise conversion rights, on the trading in conversion rights on
Stockholmsb��n and on the Offer. The information brochure and blank
application forms will also be available on Ericsson's website

www.ericsson.com

 as well as in the branch offices and on the web
sites of Handelsbanken and SEB.
 
Proposed amendment of the articles of association
 
                           Present wording
                                 § 6
Shares may be issued in three series, A, B and C. If Shares are
issued in different series, Shares of series A may be issued to a
total amount of no more than ninety-nine hundred parts and no less
than one hundredth part of the total Share Capital of the Company.
Shares of series C may be issued to a maximum amount of 158,000,000.
In voting at a General Meeting each Share of series A confers one
vote and each Share of series B and C, respectively, one thousandth
part of one vote.
 
 
                          Proposed wording
                                 § 6
Shares may be issued in three series, A, B and C. If Shares are
issued in different series, Shares of series A may be issued to a
total amount of no more than ninety-nine hundred parts and no less
than one hundredth part of the total Share Capital of the Company.
Shares of series C may be issued to a maximum amount of 158,000,000.
In voting at a General Meeting each Share of series A confers one
vote, each Share of series B one tenth part of one vote and each
Share of series C one thousandth part of one vote.
 
During the period from 20 September up to and including 10 December
2004, a Share of series B may be converted to a Share of series A by
holders of such a special conversion right as was resolved upon at an
Extraordinary General Meeting on 31 August 2004.
 
Request for conversion shall be addressed to the Company within the
above-mentioned period and shall specify the number of Shares of
series B that shall be converted to Shares of series A. The request
shall be made in writing on a separate form and cannot be revoked.
 
The Company shall apply for registration of the conversion once a
month in the period September - December 2004, and the conversion is
effected following a registration and an entry in the Company's Share
Register.
 
Paragraphs two, three, four and five of this section will expire on
31 January 2005 and will thereafter no longer be subject of
registration. Application in this respect shall be made by the
Company.