Rights issue in Observer fully subscribed

4/22/2002 8:07 AM EST

The rights issue in Observer approved by an extraordinary general
meeting on March 18, 2002 has been 100-percent subscribed, providing
Observer with proceeds of approximately SEK 400 million after issue
expenses.

The rights issue raises the number of shares in Observer by 11,194,276
to 67,165,658 shares. Following the issue, the share capital amounts to
SEK 100,748,487.

The newly issued shares are expected to be available for trading on
Stockholmsbörsen from on or about May 22, 2002

Observer AB (publ)

Carnegie is financial adviser to Observer.

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:  

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 an annual
turnover of nearly SEK 1.9 billion and around 2,700 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