Lagercrantz Group sells a business and concentrates on its strategic orientation

3/8/2002 3:00 AM EST

Lagercrantz Group sells a business and concentrates on its strategic
orientation

The Lagercrantz Group sells its business in information and payment
systems to an international group of companies, PC-PoS (Europe) Ltd. The
business sold has annual revenues of about MSEK 100 and a staff of about
20 in the Nordic Region. Selling the business will have no effect on
Lagercrantz Group earnings.

PC-Pos is an international producer and distributor focusing solely on
the market for information and payment systems. In our judgment, PC-PoS
possesses excellent opportunities of developing the business further in
the Nordic Region.

Chief Executive Jan Friis says in a comment:

"The sale should be seen in the context of our long-term strategy of
concentrating the Group's business to core operations. This will enhance
future opportunities for profitable growth in the priority areas of
electronics and communication."

Stockholm, March 8, 2002

Lagercrantz Group AB (publ)

Jan Friis, President, +46-8-700 66 70 or Per Ikov, Executive Vice
President, +46-8-700 66 70, will be glad to answer questions.