The information in this press release is not intended for distribution, publication or public release, directly or indirectly, in or into, Australia, Canada, Japan, the United States or any other jurisdiction where the publication or distribution of this press release may be unlawful. Please see the important notice at the end of this announcement.

Eltel publishes prospectus

Eltel publishes prospectus

The prospectus relating to Eltel AB’s (publ) (“Eltel”) rights issue of approximately SEK 1,500 million has been approved and registered by the Swedish Financial Supervisory Authority.

The prospectus and application forms for subscription without preferential right can be obtained from Eltel, Danske Bank and SEB and are available at Eltel’s website, www.eltelgroup.com, at Danske Bank’s website, www.danskebank.se/prospekt and at SEB’s website for prospectuses, www.sebgroup.com/prospectuses. The prospectus and a pre-printed issue statement will also be sent by mail to Eltel’s directly registered shareholders.

Financial and legal advisors

Danske Bank A/S, Danmark, Sverige Filial, OP Corporate Bank plc and Skandinaviska Enskilda Banken AB are financial advisors and Hannes Snellman Attorneys is legal advisor to Eltel in connection with the rights issue.

For more information:

Ingela Ulfves
VP – IR and Group Communications
Tel: +358 40 311 3009, ingela.ulfves@eltelnetworks.com

About Eltel

Eltel is a leading Northern European provider of technical services for critical infrastructure networks – Infranets – in the segments Power, Communication and Other, with operations throughout the Nordics, Poland and Germany. Eltel provides a broad and integrated range of services, spanning from maintenance and upgrade services to project deliveries. Eltel has a diverse contract portfolio and a loyal and growing customer base of large network owners. In 2016, Eltel net sales amounted to EUR 1.4 billion. The current number of employees is approximately 9,500. Since February 2015, Eltel is listed on Nasdaq Stockholm.

Important notice

The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, subscription rights or other securities in Eltel. Any invitation to the persons concerned to subscribe for shares in Eltel will only be made through the prospectus which Eltel makes public via this press release.

This press release may not be released, published or distributed, directly or indirectly, in or into Australia, Japan, Canada, the United States or any other jurisdiction where participation would require additional prospectuses, registration or measures besides those required by Swedish law. Nor may this press release be distributed in or into such countries or any other country or jurisdiction in which distribution requires such measures or otherwise would be in conflict with applicable regulations. Any failure to comply with the restrictions described may result in a violation of applicable securities regulations.

The subscription rights, paid subscribed shares and shares in Eltel have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or the securities legislation of any state or other jurisdiction in the United States and no subscription rights, paid subscribed shares or shares may be offered, subscribed for, exercised, pledged, sold, resold, granted, delivered or otherwise transferred, directly or indirectly, in or into the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements under the Securities Act and in compliance with the securities legislation in the relevant state or any other jurisdiction of the United States. There will be no public offering of such securities in the United States.

The securities referred to herein have not been approved or disapproved by the US Securities and Exchange Commission, any state securities commission or other regulatory authority in the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the rights issue or the accuracy or adequacy of this announcement. Any representation to the contrary is a criminal offence in the United States.

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Elin Otter +46 72 595 46 92

elin.otter@eltelnetworks.se