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Ericsson Racing Team (STO:ERIC) ERICSSON 3 ARRIVES ON COCHIN IN THIRD PLACE

Ericsson Racing Team (STO:ERIC) COCHIN, India (Dec. 1, 2008) - Ericsson Racing Team's two yachts in the Volvo Ocean Race placed in the top three on Leg 2 when Ericsson 3, skippered by Sweden's Anders Lewander, finished third this afternoon at 1300 local, 07:36 GMT.

The Nordic crew completed Leg 2, 4,450 nautical miles from Cape Town, South Africa, in 15 days, 20 hours, 16 minutes and 45 seconds. They collected 9.5 points on the leg, 6 points for third place and 3.5 points for second at the scoring gate, and have 14.5 points total, likely good for fifth place on the leaderboard.

"We feel really good," said Lewander, the 45-year-old skipper from Stockholm. "We have some confidence starting to grow. It's a special confidence. We challenged the Indian Ocean in a good way, kept going for four days in cold, miserable conditions. We had some big situations, but we managed to go through."

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Ericsson Racing Team

http://www.ericssonracingteam.com

ISIN: SE0000108656

Stock Identifier: SSE.ERICR

US: ERICY

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