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Ericsson: First Joint Meeting for Russian-Swedish Business Council Held in Moscow

STOCKHOLM, SWEDEN — (Marketwired) — 08/15/13 —

* Leading executives from companies in Sweden, Russia discussed trade and
investments

* Ericsson President and CEO Hans Vestberg co-chaired the meeting with
Vladimir Dmitriev, chair of Russia-s Vnesheconombank

Ericsson (NASDAQ: ERIC) President and CEO Hans Vestberg co-chaired the
first
joint meeting of the Russian-Swedish Business Council (RSBC) in Moscow on
August
15, 2013. RSBC brings together Swedish and Russian CEO-s of the leading
companies of both countries.

The purpose of the non-governmental, non-profit Council is to grow
bilateral
trade and investments by stimulating cooperation between Russian and
Swedish
companies and by providing advice to the two governments on the policy
environment.

The Swedish members are made up of representatives from 16 leading Swedish
companies and organizations with a significant presence in the Russian
market.
Hans Vestberg agreed to be the Swedish co-chair at the launch of RSBC in
Stockholm in April 2011.

Hans Vestberg said: “I see a strong commitment from the Swedish members to
engage in the RSBC and to develop their business in Russia. I-m proud to
lead
the Swedish side and we see a similar strong interest to develop trade and
investment from the Russian companies and organizations.”

The Council meeting took place at Vnesheconombank, whose chairman Vladimir
Dmitriev is also the Russian co-chair of the RSBC.

His Royal Highness Prince Daniel of Sweden attended the meeting, as well as
high-level representatives of the two governments.

“We are honored by the presence of Prince Daniel,” said Vestberg. “We also
feel
the strong support from the two governments, who look forward to receiving
the
input from RSBC on how trade and investments between the two countries
could be
further developed.

“Ericsson has been in Russia for more than 130 years. Still, we can always
improve global trade by enabling more business cooperation around the
world, and
we look forward to sharing our experience with other companies and with the
two
governments,” concluded Vestberg.

The other Swedish members of the RSBC are: Atlas Copco, East Capital, EKN,
IKEA,
Investor AB, Oriflame, SAS, SCA, Scania, TeliaSonera, Tetra Pak, Vinnova,
Volvo
Group, Vostok Nafta, and ÅF.

NOTES TO EDITORS

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Ericsson is a world-leading provider of communications technology and
services.
We are enabling the Networked Society with efficient real-time solutions
that
allow us all to study, work and live our lives more freely, in sustainable
societies around the world.

Our offering comprises services, software and infrastructure within
Information
and Communications Technology for telecom operators and other industries.
Today
40 percent of the world-s mobile traffic goes through Ericsson networks and
we
support customers- networks servicing more than 2.5 billion subscriptions.

We are more than 110,000 people working with customers in more than 180
countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden.
In
2012 the company-s net sales were SEK 227.8 billion (USD 33.8 billion).
Ericsson
is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.

First Joint Meeting for RSBC:

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Source: Ericsson via Thomson Reuters ONE

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