The Swedish fair trade authorities approve GTIEs acquisition of Emil
Lundgren

On December 14, 1999 Compagnie Génerale de Travaux et d'Ingérierie
Électriques S.A. ("GTIE") concluded an agreement ("the Agreement") with
the largest shareholders of Emil Lundgren AB (publ) ("Emil Lundgren")
covering the acquisition of shares of Emil Lundgren, amounting to 52.7
percent of the share capital and 82.5 percent of the voting rights. The
Agreement was subject to approval of the Swedish fair trade authorities.
The approval was received on January 5, 2000 whereby the Agreement became
binding and unconditional.

In connection with the announcement of the Agreement, GTIE announced their
intention to make a public offer ("the Offer") to the other Emil Lundgren
shareholders who are offered SEK 78.50 per series B share. No commission
is being charged. The Offer is unconditional. The Offer is being made by
GTIE Sweden AB,...