Observer AB signs long term financing agreement

6/27/2002 6:30 AM EST

for USD 175 million

Observer AB has strengthened its long-term financing by raising a USD
175 million Multi-Currency Revolving Credit Facility. The financing has
a final maturity of 5 years and the transaction was arranged and
syndicated by Nordea and SEB Merchant Banking with Svenska Handelsbanken
as Senior Co-Arranger.

"The agreement provides us with effective long-term financing. This and
the Rights Issue completed in April strengthens Observer's financial
ability to continue our international growth strategy" says Robert
Lundberg, Observer's CEO.

The bank syndicate providing the financing comprises Nordea, SEB,
Svenska Handelsbanken, Nykredit Bank, Bank of Nova Scotia and HVB Bank
Ireland.

For further information, please contact:

Anders Lundmark, Chief Financial Officer, telephone:
+46 8 507 417 23/+46 70 333 29 77,
e-mail:  

Per Blixt, Senior VP Corporate Communications, telephone:
+46 8 507 410 12/+46 70 549 28 08,
e-mail:  

David Roberts, Nordea tel: +46 8 614 7709

Torbjorn Jansson, SEB Merchant Banking tel: +46 8 506 23233

Facts about Observer AB
Observer AB, quoted on the O-list (Attract 40) of Stockholm Stock
Exchange, operates in the field of business and communication
intelligence, with media and market monitoring, analysis and
communication evaluation, target group identification and distribution
of information for PR and IR purposes. Observer AB has annual sales of
nearly SEK 1.9 billion and around 2,500 employees in the U.S, UK,
Sweden, Canada, Germany, Norway, Finland, Denmark, Portugal, Ireland,
Estonia, Latvia and Lithuania.

This press release is also available online at www.observergroup.com