Sony Ericsson has earlier announced (June 24, 2003) the decision to increase its focus on

GSM/EDGE/UMTS and Japanese standards. Further to the phase-out of Sony Ericsson’s

American CDMA business and GSM R&D activities in Munich, total restructuring costs are

estimated to approximately Euro 70 million of which Euro 58 million has been recognized in

the second quarter. The restructuring activities are well underway and are projected to

generate yearly run-rate savings of approximately Euro 120 million when completed, with

some benefit in the second half of 2003.

Sony Ericsson is expected to be profitable in the second half of 2003 as a result of the

increasing momentum in the company’s new GSM and Japanese product portfolio. However,

Sony Ericsson will not be profitable for the full year 2003 due to restructuring costs and

losses incurred in the first half of the year.

Sony Ericsson Mobile Communications AB offers mobile communications products for people who

appreciate the possibilities of powerful technology. Established in 2001 by Telefonaktiebolaget LM

Ericsson and Sony Corporation, the joint venture continues to build on the success of its two

innovative parent companies. Sony Ericsson creates value for its operator customers by bringing new

ways of using multimedia communications while mobile. The company’s management is based in

London, and has 4,000 employees across the globe working on research, development, design, sales,

marketing, distribution and support.

CONTACTS:

Investors/Analysts

Ericsson Investor Relations

Gary Pinkham, Vice President +46 8 719 0000

Sony Investor Relations

Yukio Ozawa, Vice President (Tokyo) +81 3 5448 2180; or

Chris Hohman, Senior Manager (London) +44 20 7444 9711

Press/Media

Ericsson External Relations

Pia Gideon, Vice President +46 8 719 2864

Sony Corporate Communications

Kei Sakaguchi, General Manager (Tokyo) +81 3 5448 2200

Gerald Cavanagh, (Tokyo) +81 3 5448 2200

Georges Gerard, General Manager (London) +44 207 444 9722

Sony Ericsson Corporate Communications

Nina Eldh, Corporate Vice President +44 (0) 7774 125 638

Corporate Communications Dept. +44 208 762 5858

E-mail: info@SonyEricsson.com