Ericsson's Board of Directors proposes a reverse split 1:5 of the company's shares

[Ericsson discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.
The information was submitted for publication at 3.45 pm CET on
February 22, 2008.]

Ericsson's (NASDAQ: ERIC) Board of Directors proposes that the Annual
General Meeting April 9, 2008 resolves on a reverse split 1:5,
implying that five A shares and five B shares respectively will be
consolidated into one A share and one B share respectively.

As a result of the rights issue in 2002, the number of shares in the
company increased from approximately 8 billion shares to more than 16
billion shares. Further, the ratio between the B share and an
American Depositary Share (ADS), traded on NASDAQ, was changed from
1:1 to 10:1. In connection with the reverse split, the ratio will be
changed back to 1:1.

These measures are intended to increase transparency as to the
pricing of the Ericsson B share and ADS respectively, and will at the
same time result in a number of shares more suitable for the company.
The record date for the reverse split is proposed to be June 4, 2008.
The last day of trading in the company's shares on the OMX Nordic
Exchange Stockholm before the reverse split is estimated to be May
30, 2008. The first day of trading on OMX Nordic Exchange Stockholm
with the consolidated shares is estimated to be June 2, 2008. The
first day of trading on NASDAQ with ADSs with ratio 1:1 to the
consolidated shares is estimated to be June 10, 2008.

For those shareholders who on the record date June 4, 2008 do not
hold a number of A shares and B shares respectively equally divisible
by five, the surplus shares will be sold at the company's expense and
the proceeds of the sale will be distributed among those shareholders
around 19 June 2008.
A brochure with information on the reverse split and the B share/ADS
ratio change will be available on the company's web site as from the
publication of the Notice of the Annual General Meeting.

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 185 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 189 billion) in 2007. Founded in 1876 and
headquartered in Stockholm, Sweden, Ericsson is listed on the
Stockholm, London and NASDAQ stock exchanges.

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@ericsson.com