Eniro has received a tax reassessment notice from the Norwegian Tax Authorities

Eniro has received a tax reassessment notice from the Norwegian Tax
Authorities

Eniro has received a tax reassessment notice from the Norwegian Tax
Authorities regarding the years 2001-2005 for its subsidiary Findexa A/S
(acquired by Eniro in 2005), detailing an increase of taxable income,
potentially leading to increased tax costs of NOK 231 million (including
accrued interest of NOK 19 million).

Eniro will provide a response to the notice, contesting potential
claims, by the end of July. However, should the notice result in a firm
opinion, Norwegian regulation require immediate payment of the tax, even
if the claim is appealed. Such an outcome would affect cash flow
negatively and increase the net debt.

In addition, the company would like to inform that the trend from the
first quarter prevails into the second quarter, with a lag in the number
of deals closed. For the full year, management's view is that the
organic revenue growth could be slightly below the previously stated
guidance of -5 to -10 per cent.

As a consequence, Eniro has informed its lending banks and will initiate
a discussion on how to increase headroom to covenants.

For more information, please contact:
Jesper Kärrbrink, CEO, at +46 (0)8 553 31001
Jan Johansson, CFO, at +46 (0)8 553 31015
Birgitta Henriksson, Acting Head of IR, at +46 (0)70 812 86 39

The above information has been made public in accordance with the
Securities Market Act and/or the Financial Instruments Trading Act. The
information was published at 08.00 CET on 1 June, 2010.

Eniro is the leading directory and search company in the Nordic media
market. Eniro´s search database connects sellers to buyers and makes it
easy to find people using Eniro´s distribution channels Online, Printed
directories, Voice and mobile. Eniro has operations in Sweden, Norway,
Finland, Denmark and Poland.
Eniro is listed on the Stockholm Stock Exchange and has some 5,000
employees. In 2009, revenues amounted to SEK 6,581 M, with EBITDA SEK
1,807 M