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Release Oslo, Norway - September 6, 2000 On Friday, September 1, Comuniq ASA finalized a private placement which totaled MNOK 22,56 (MUSD 2,5), equally 470.000 shares at a price of NOK 48 (USD 5.25). Participants in the private placement were a selection of private and institutional investors. Prior to placement, a guarantee consortium was established, guaranteeing for a total of MNOK 15, or 312.500 shares. The subscription period was initially set to four days, but closed the first day due to tremendous interest and substantial over subscription. A total of 625.255 shares were subscribed representing an over subscription of 100%. As a result, a "green-shoe" of 157.500 shares was used by the Placement Manager, DnB Markets. The new capital will mainly be used to launch new technology and strengthen marketing activity. ***************************************************************** Comuniq develops and markets tomorrows telephony solutions based on the open standards of the computer industry. Solutions provided by Comuniq facilitate the integration process for development companies and system integrators that provide solutions for segments such as Call Centers, Virtual Private Networking, IP-telephony , Unified Messaging and intelligent network services. More information about Comuniq is available at www.comuniq.com or contact: Morten Ruud, VP Finance Comuniq ASA Corporate Offices |