Merrill Lynch International, on behalf of the Global Managers of the Sonera Offering, has informed that it will exercise fully the over-allotment option of 18,850,000 shares. Thus the number of shares sold in the Global Offering increases to 119,000,000 shares. The settlement will take place on November 17,1998.
After the exercise of the over-allotment option the size of the Global Offering is 119,000,000 shares. In addition, 39,000,000 shares will be sold in the Finnish Retail Offering. The offering
price is FIM 45 per share.
After the Global Offering, Finnish Retail Offering and the Employee Offering, the ownership of the Finnish State in Sonera Group Plc is 77,8 percentage.
This information contained herein is not for publication or distribution in or into the United States of America. This press release does not constitute an offer of securities for sale in the United States; the securities may not be offered or sold in the United States absent registration or an exemption from registration; and any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.
Further information:
Ministerial Councellor Samuli Haapasalo, +358 9160 2472
Consultant Councellor Kalevi Alestalo, +358 9 160 2467
