Miscellaneous

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TRANSLATION
Minutes kept at the Annual General Meeting of Shareholders of
Telefonaktiebolaget LM Ericsson Tuesday, April 8, 2003, beginning at
4.30 p.m. at the Globe Arena, Stockholm.






Present:

Shareholders according to the shareholders' voting list, enclosure A.

                                 § 1

Michael Treschow, Chairman of the Board, opened the Annual General
Meeting (AGM).

Claes Beyer was elected Chairman of the AGM.

It was recorded that Carl Olof Blomqvist had been appointed to take
the Minutes of the AGM.

The AGM resolved to let four high school classes and representatives
of the press and other media be present at the AGM but without being
authorized to take photographs or make TV, video or tape recordings
at the AGM and to approve the Company to record the AGM on video film
and to take photos for internal use and to give media access to video
recordings and photos from presentations made by the President and
other company officers.

                                 § 2

The attached list of attending shareholders, representatives and
assistants and of the shares and votes represented by shareholders
and representatives was presented and approved to be valid as the
voting list of the AGM, enclosure A,.

                                 § 3

The AGM resolved to approve the agenda proposed by the Board of
Directors.

                                 § 4

Notice to the AGM had been published in Post- och Inrikes Tidningar,
Dagens Nyheter and Svenska Dagbladet on March 10, 2003. Further, a
condensed notice had been published in the Frankfurter Allgemeine
Zeitung on March 10, in the Financial Times on March 11 and in
La Tribune on March 12 pursuant to certain rules in Germany, UK and
France. Further, with regard to item 17 of the agenda, written notice
had been sent, during the period March 10 to 11, 2003, to those
shareholders who were listed with a postal address in the share
register dated February 25, 2003.

The AGM resolved that the meeting had been properly summoned.

                                 § 5

Peter Rudman and William af Sandeberg were appointed jointly with the
Chairman to approve the Minutes of the AGM.

                                 § 6

The annual report and the consolidated balance sheet for 2002 and the
auditors' report for 2002, enclosure B, were presented.

Olof Herolf, Authorized Public Accountant, accounted for the audit
work performed during 2002 and presented the contents of the
auditors' report. Sverker Martin-Löf, Chairman of the Audit Committee
of the Board of Directors, accounted for the Committee work performed
during 2002.

The President & CEO, Kurt Hellström, presented the Group's market
position and financial development.

Thereafter the President & CEO and the Chairman answered questions
from the shareholders.

                                 § 7

The AGM resolved to approve the parent company income statement for
2002 and the parent company balance sheet as per December 31, 2002,
as well as the consolidated income statement for 2002 and the
consolidated balance sheet as per December 31, 2002.

With regard to the fact that the Chairman, Michael Treschow, in a
group of major shareholders, had chaired a work aiming at reducing
the voting difference between shares of series A and B and that it
has been envisaged that the work would result in a proposal for
leveling the voting difference prior to the AGM 2003, Thorwald
Arvidsson requested that the company auditors should express their
opinion on the work performed by the working group and motioned that
the Chairman should not be discharged from liability for year 2002 as
no proposal had been presented by the working group in due time prior
to the AGM.

Olof Herolf, Authorized Public Accountant, stated that the assignment
of the auditors comprises review of the annual report, the
consolidated income statement and the management performed by the
Board of Directors and the President, that the auditors had
recommended the Board of Directors and the President be discharged
from liability for year 2002, that the work aiming at reducing the
voting difference between series of shares is a matter for the
shareholders and falls outside the management of the company and also
outside the auditors' assignment and therefore, the auditors had not
reviewed the work performed by the working group.

On the Chairman's question, Arvidsson stated that he maintained his
motion that the Chairman of the Board would not be discharged from
liability.

The Chairman stated that the Company's Act stipulates for not
discharging the Chairman of the Board from liability pursuant to
Arvidsson's motion that holders of at least one tenth of all shares
in the Company at the AGM vote against the motion to discharge from
liability and that according to the voting list approved by the AGM,
31,845 per cent of all the company's shares were represented at the
AGM. In these circumstances, the Chairman proposed a voting procedure
that the shareholders would be asked how they vote in the matter of
discharging the Board of Directors and the President from liability
in the order they were listed in the voting list and by this
procedure, the Chairman would be able to establish whether holders of
sufficient number of shares had voted against the motion to discharge
the Board of Directors and the President from liability.

The AGM resolved to apply the voting procedure proposed by the
Chairman.

Based on the fact that holders of 23,398 per cent of all the
company's shares and 73,47 per cent of all the shares represented at
the AGM had voted in favor of the motion to discharge the Board of
Directors and the President from liability, the Chairman concluded
that Arvidsson's motion was not supported by holders of at least one
tenth of all the company's shares and, as a consequence, the AGM had
resolved to discharge the Board of Directors and the President from
liability for the accounting year 2002.

Thorwald Arvidsson stated that he wished to register a reservation to
the minutes.

According to the Board of Directors' report, the Board of Directors
and the President have proposed on the disposition of the
non-restricted equity available for distribution, i.e.
14,401,459,586. The Board and the President had proposed no dividend
be paid and the total amount, i.e. SEK 14,401,459,586 be carried
forward to the new account.

The AGM resolved to approve the Board's and the President's proposal.

                                 § 8

The AGM resolved that the Board would consist of nine members and no
deputy member elected by the meeting.

                                 § 9

After a presentation of the proposal for Board of Directors' fee
pursuant to the proposal in the notice to the AGM, some shareholders
motioned against the proposal for an extra fee to the Chairman of the
Board for year 2002 and 2003, respectively.

The AGM first resolved that the ordinary Board of Directors' fee
should remain unchanged, that is amount to maximum SEK 8,000,000, to
be distributed by the Board among its members.

The Chairman stated that a valid resolution regarding extra fee to
the Chairman of the Board requires simple majority, that is more than
50 per cent of votes cast, that the Chairman would first motion to
the AGM the proposal for an extra fee of SEK 5,5 million to the
Chairman of the Board for 2002 against a motion for the rejection of
the proposal, then the Chairman would motion to the AGM the proposal
for an extra fee of SEK 5,5 million to the Chairman of the Board for
2003 against a motion for the rejection of the proposal and further
that the Chairman advised the shareholders, who had a dissenting
opinion from the resolution passed by and who wished to have his/her
dissenting opinion recorded in the minutes, should on the voting card
write "item 9" along with a note on how he/she would vote on the two
issues and that those shareholder should leave the voting card to any
of the functionaries at the AGM.

The AGM resolved to apply the voting procedure proposed by the
Chairman.

The AGM resolved in favor of the proposal for an extra fee to the
Chairman of the Board of SEK 5,5 million for year 2002.

The AGM resolved in favor of the proposal for an extra fee to the
Chairman of the Board of SEK 5,5 million for year 2003.

The shareholders, who wished to have his/her deviating meaning on the
two issues recorded in the minutes according to the voting procedure
resolved by the AGM, have been listed in enclosure C.
                                § 10

Peter Bonfield, Sverker Martin-Löf, Eckhard Pfeiffer, Peter
Sutherland, Lena Torell, Michael Treschow and Marcus Wallenberg were
re-elected Directors of the Board and Arne Mårtensson and Carl-Henric
Svanberg were elected Directors of the Board.

                                § 11

The AGM resolved that the number of deputy auditors should be three.

                                § 12

The AGM resolved that the fee to the auditors should be paid with
regard to the auditing work performed, that is on account.

                                § 13

Carl-Eric Bohlin and Thomas Thiel were re-elected statutory auditors
and Bo Hjalmarsson was elected statutory auditor. Stefan Holmström
and Jeanette Skoglund were re-elected deputy auditors and Peter
Clemedtson was elected deputy auditor.

                                § 14

Re-elected members of the Nomination Committee were Claes Dahlbäck,
Investor; Anders Ek, Robur; Anders Nyrén, Industrivärden; Lars
Otterbeck, Alecta; and Michael Treschow, convener and Chairman of the
Committee.

                                § 15

The AGM resolved in accordance with the Board's proposal that had
been presented in the notice to the meeting, enclosure D, that the
company shall have the right to transfer, prior to the Annual General
Meeting 2004, a maximum of 30,491,465 shares of series B, for the
purpose of covering certain payments, primarily social security
charges that may occur in relation to the company's Global Stock
Incentive Program 2001. Transfer of the shares shall be affected at
Stockholmsbörsen at a price, at each time, within the registered
price interval for the share.


                                § 16

The AGM resolved in accordance with the Boards' proposal that had
been presented in the notice to the meeting, enclosure E, to
establish a stock purchase plan 2003 comprising 158 million shares of
series B and, as a consequence hereof, to amend the Articles of
Association, make a directed stock issue, authorize the Board to
resolve on a directed offer to acquire shares and to transfer own
stock.

Further, the AGM resolved to authorize the President to make the
minor adjustments of the proposal for amendment of the Articles of
Association as are deemed necessary in conjunction with the
registration at the Swedish Patent and Registration Office.

It was recorded that the AGM stated the resolution to be unanimous.

                                § 17

The AGM resolved against Einar Hellbom's motion to grant A and B
shares equal voting power.

                                § 18

It was recorded that Markus Larsson, representative of Robert
Österbergh at the AGM, withdrew the proposal noted in the notice to
the AGM to establish an ethic code as the Company already has such a
code.

The AGM resolved against Robert Österbergh's proposals for

*         an independent ethical audit;
*         accounting of the Board members' possible participation in
  lobby groups;
*         accounting of the Company's possible contributions to lobby
  groups; and
*         accounting of possible contributions to foreign politicians
  or political parties.


                                § 19

The Chairman thanked the participants of the AGM for their interest
and closed the Meeting.

            As above
            Carl Olof Blomqvist

Approved:

Claes Beyer

William af Sandeberg

Peter Rudman



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