Asking bondholders to further defer interest payments

Reference is made to earlier press-releases on the matter, the latest on 3 July, 2009.

The Company has today issued a new summons to a bondholders meeting to be held 15 July 2009 in which the bondholders are asked to further defer the interest payment dates until 17 July 2009 for the USD 175 million second lien bond loan and to 21 July 2009 for the USD 75 million convertible bond. A standstill has been agreed with the banks until 15 July 2009. Accordingly, the banks have agreed to refrain from declaring any potential default under the loan agreement during the same period. This will give the Company more time to continue the discussions with its banks and bondholders in order to seek a solution to its challenges related to the delivery of Nexus 1.