Restructuring Scandinavia Online AS, Published 16/09/1998 00:00:00

As a result of the restructuring of SOL AS the company has implemented a reduction in the staff. The restructuring is due to the financial situation at the company. The losses for the first six months of 1998 were approximately NOK 35 million. Through lay-offs the staff will be reduced from 85 to 60. The staff reductions will not have any significant impact on the 1998 results but the savings for 1999 is estimated to NOK 10 million.

Oslo, 16 September 1998

Stein Yndestad
Investor Relations Officer