Ericsson’s financial disclosure policies are designed to give transparent, informative and consistent communication with the investment community on a fair and equal basis, which will re- flect in a fair market value for Ericsson shares. We want our shareholders and potential investors to have a good understanding of how our Company works, our operational performance, what our prospects are and the risks we face that these opportunities may not be realized.

To continue to achieve these goals, our financial reporting and disclosure must be:

• Transparent – our disclosure should enhance understanding of the economic drivers and operational performance of our business, hence building trust and credibility.
• Consistent – we aim for consistent and comparable disclosure within and between reporting periods.
• Simple – information should be provided in as simple a manner as possible, so readers gain the appropriate level of understanding of our business operations and performance.
• Relevant – we focus our disclosure on what is relevant to Ericsson’s stakeholders or required by regulation or listing agreements, to avoid information overload.
• Timely – we utilize well-established disclosure controls and procedures to ensure that all disclosures are complete, accurate and performed on a timely basis.
• Fair and equal – we publish all material information via press releases to ensure everyone receives the information at the same time. ¨
• A reflection of best practice – we strive to ensure that our disclosure is in line with industry norms.

Ericsson has controls and procedures in place to make sure that information to be disclosed under the Securities Exchange Act of 1934, and under Ericsson’s agreements with the Stockholm and London Stock Exchanges and NASDAQ is done so on time, and that such information is provided to management, including the CEO and CFO, so that timely decisions can be made regarding required disclosure.

To assist managers in fulfilling their responsibility with regard to disclosures made by the Company to its security holders and the investment community, a Disclosure Committee was established in 2003. One of the main tasks of the Disclosure Committee is to monitor the integrity and effectiveness of the company’s disclosure controls and procedures.

Further, Ericsson has investments in certain entities that Ericsson does not control or manage. Accordingly, our disclosure controls and procedures with respect to such entities are necessarily substantially more limited than those we maintain with respect to our subsidiaries.