At Telefonaktiebolaget LM Ericsson's (NASDAQ: ERIC) Annual GeneralMeeting (AGM) of Shareholders the proposals by the Board of Directorsand the Nomination Committee were approved.

Dividend

The proposed dividend of SEK 0,50 was adopted. The record day was setto Monday, April 14, 2008. Payment from VPC is expected to take placeon Thursday, April 17, 2008.

Adoption of the Profit and Loss Statement and the Balance Sheet

The AGM resolved to adopt the Profit and Loss Statement and theBalance Sheet for the Parent Company as well as the ConsolidatedProfit and Loss Statement and the Consolidated Balance Sheet for theGroup for 2007. The members of the Board of Directors and thePresident were discharged from liability for the fiscal year 2007.

Board of Directors

In accordance with the proposals by the Nomination Committee, MichaelTreschow was re-elected Chairman of the Board of Directors and SirPeter L. Bonfield, Börje Ekholm, Ulf J. Johansson, SverkerMartin-Löf, Nancy McKinstry, Anders Nyrén, Carl-Henric Svanberg, andMarcus Wallenberg were re-elected to the Board. Roxanne Austin waselected new Board member.

Reverse Split

In accordance with the proposal of the Board of Directors, the AGMresolved on a reverse split of shares 1:5, to the effect that fiveshares of series A and five shares of series B, respectively, areconsolidated into one share of series A and one share of series B,respectively. The record date for the reverse split is June 4, 2008.

Board of Directors' Fees

The AGM approved the Nomination Committee's proposals for yearly feesto the non-employed members of the Board to be SEK 3 750 000 to theChairman and SEK 750 000 to each of the other Board members.

Committee work fees to the non-employed members were approved asfollows: SEK 350 000 to the Chairman of the Audit Committee, SEK 250000 to each of the other members of the Audit Committee and SEK 125000 to the Chairmen and to each of the other members of the Finance-and Remuneration Committee, respectively.

The AGM approved the proposal to pay part of the fees to theDirectors, in respect of the Board assignment, in the form ofsynthetic shares on the terms and conditions described in the noticeto the AGM.

The AGM also approved the proposals for the procedure on appointingthe members and the assignment to the Committee.

Principles for Remuneration

In accordance with the Board of Directors' proposals, the AGMresolved to approve the principles for remuneration and otheremployment terms for the top executives.

Long-Term Variable Compensation Programs (LTV)

In accordance with the Board of Directors' proposals, the AGMresolved as follows.

Completion of LTV 2007

- Transfer of 13.6 million B shares during the period May 2008 -November 2011, free of consideration to employees covered by theterms of the LTV 2007.

- Transfer of 3.4 million B shares prior to the AGM 2009 on the OMXNordic Exchange Stockholm at a price within the, at each time,prevailing price interval for the share to cover payments for socialsecurity charges.

LTV 2008, directed issue of shares, directed acquisition offer andtransfer of shares

- Implementation of LTV 2008 including the Stock Purchase Plan forall employees, the Key Contributor Retention Plan for keycontributors and the Executive Performance Stock Plan. Costs forcompensation, social security and administration are estimated toMSEK 1 062 -1 909.

- A directed issue of 99.5 million C shares to AB Industrivärden and/or Investor AB at a subscriptions price corresponding to the ratiovalue of the share, i.e. SEK 1.

- Authorization for the Board of Directors to decide on a directedacquisition offer of the 99.5 million C shares at a price per shareof no less than SEK 1 and no more than SEK 1.05. Following theacquisition, the C shares will, in accordance with the articles ofassociation, be converted to B shares, which thereafter can betransferred to employees and on an exchange.

- Transfer of 82.3 million B shares during the period November 2008 -November 2012, free of consideration, to employees covered by theterms of the LTV 2008.

- Transfer of 17.2 million B shares prior to the Annual GeneralMeeting in 2009 on the OMX Nordic Exchange Stockholm at a pricewithin the, at each time, prevailing price interval for the share, tocover payments for social security charges.

Transfer of treasury stock for previously decided LTV programs

Transfer of approximately 71 million shares to cover certainpayments, mainly social security charges, that may occur in relationto the Global Stock Incentive Program 2001, the Stock Purchase Plan2003, the Long-Term Incentive Plans 2004, 2005, 2006 and theLong-Term Variable Compensation Program 2007.

Dilution

The Company has approximately 16 billion shares issued. As per today,the Company holds approximately 225 million shares in treasury. The17 million B shares allocated for LTV 2007 and the 99.5 million Bshares allocated for LTV 2008 corresponds to approximately 0.1percent and 0.62 percent respectively of the total number ofoutstanding shares.

The number of shares, the subscription price and the acquisitionprice will be recalculated as a result of the reverse split of shares1:5.

Proposal on voting rights

The AGM resolved not to approve Einar Hellbom's proposal that eachshare shall carry one vote.

Ericsson is the world's leading provider of technology and servicesto telecom operators. The market leader in 2G and 3G mobiletechnologies, Ericsson supplies communications services and managesnetworks that serve more than 185 million subscribers. The company'sportfolio comprises mobile and fixed network infrastructure, andbroadband and multimedia solutions for operators, enterprises anddevelopers. The Sony Ericsson joint venture provides consumers withfeature-rich personal mobile devices.

Ericsson is advancing its vision of 'communication for all' throughinnovation, technology, and sustainable business solutions. Workingin 175 countries, more than 70,000 employees generated revenue ofUSD 27.9 billion (SEK 188 billion) in 2007. Founded in 1876 andheadquartered in Stockholm, Sweden, Ericsson is listed on theStockholm, London and NASDAQ stock exchanges.

For more information including complete proposals to the AGM, visitwww.ericsson.com or www.ericsson.mobi.

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