Telefonaktiebolaget LM Ericsson

As Agent Bank, please be advised of the following rate determined on: 08-Jan-2004

Issue               : Telefonaktiebolaget LM Ericsson - Series 16
                      SEK 245,000,000 (MTN)FRN due July 2004
ISIN Number         : XS0132579060
Issue Nomin     SEK : 245,000,000.00
Period              : 12-Jan-2004 to 13-Apr-2004          Payment Date 13-Apr-2004
Number of Days      : 92
Rate                : 3.862
Denomination    SEK : 1,000,000.00

Amount Payable 
per Denomination    : 9,869.56

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 7438