Ericsson Nikola Tesla d.d.

Capital/Financing Update • Oct 10, 2016

Ericsson Nikola Tesla and beCloud provide Belarusian users with LTE services

Ericsson Nikola Tesla, in cooperation with beCloud company, will provide Belarusian users with LTE services. The contract is worth over MHRK 76.

It concerns the second phase of introducing LTE technology in three regions of Belarus, and the project will be implemented till the end of 2017. In cooperation with beCloud, Ericsson Nikola Tesla will deliver and put into operation LTE network, as well as ensure related services.

"Ericsson is our strategic partner in the implementation of major innovative projects in the Republic of Belarus. During last year beCloud brought to Belarus many unique solutions which have no analogues in the country, and the success of many projects wouldn't be possible without such a reliable partner as Ericsson. We appreciate our cooperation and we are aimed at long-term partnership. LTE technology is already in high demand in the capital, therefore its implementation in regions is more than timely. And thanks to Ericsson this project will be possible."- stated Sergey Poblagouev, CEO beCloud JLLC.

President of Ericsson Nikola Tesla, Gordana Kovačević, MSc, commented on the new contract: "I am glad that Belarus users will be provided an access to this powerful mobile technology. Ericsson actively participates in LTE development, which is acknowledged by continuous improvements regarding the new possibilities this technology offers, thus responding to the needs of the growing number of users using smartphones and other smart communication devices. The significant experience of our experts and their dedicated work on LTE projects worldwide, is a guarantee that the citizens across Belarus will soon use many LTE advantages."

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Ericsson is the driving force behind the Networked Society - a world leader in communications technology and services. Ericsson long-term relationships with every major telecom operator in the world allow people, businesses and societies to fulfil their potential and create a more sustainable future.

Ericsson services, software and infrastructure - especially in mobility, broadband and the cloud - are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities. With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world's mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions - and our customers - stay in front. Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2015 were SEK 246.9 billion (USD 29.4 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.

Ericsson Nikola Tesla is an associated company of the Ericsson Group which leads and supports modern communications. The company's activities include marketing and sales, research and development, design of the total communications solution, services in the multi-service and mobile networks area including the mobile Internet and complex system integration in all business areas. The company provides innovative ICT solutions that constantly improve people's life and create new value. Shares of Ericsson Nikola Tesla are traded in the Regular Market of the Zagreb Stock Exchange under the stock exchange symbol ERNT-R-A.

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CONTACT: Snježana Bahtijari Company Communication Director Ericsson Nikola Tesla Tel.: + 385 1 365 4556 E-mail: snjezana.bahtijari@ericsson.com