The total sales revenue increased by 87% year-over-year as a result of the revenue growth in both the CIS and Ericsson markets. Sales in the domestic and regional markets witnessed a decrease, mainly due to the unfavorable economic trends, political instability in the markets of the region, but also due to postponed customer investments.

MSc Nedžad Rešidbegović, Director General of BH Telecom and MSc Gordana Kovačević, President of Ericssona Nikola Tesla, signed contracts on the extension of radio part of the mobile network related to GSM/UMTS technologies as well as the expansion of fixed BH Telecom network. The total value of the contracts amounts to MHRK 81.

Vipnet has chosen Ericsson Nikola Tesla as a strategic partner for upgrading its network to latest 4G technology, LTE. With this contract, Ericsson Nikola Tesla becomes a solo vendor of the state-of-the-art Single Radio Access Network for Vipnet. The contracted business is a part of the broader five-year strategic contract between Ericsson and A1 Telekom Austria group, concerning the modernization and upgrade of Austrian and Croatian mobile networks to LTE technology.

Ericsson Nikola Tesla d.d. hereby notify that it has acquired 2,218 own shares which represent 0.17% of the Company's share capital.

Gordana Kovačević, the President of Ericsson Nikola Tesla commented on the Company’s performance: “The Company’s focus on strategic projects, leadership in technology and partnership with customers has opened new business opportunities, primarily in export markets. The total sales revenue increased by 44.4% year-over-year as a result of the revenue growth in both the CIS and Ericsson markets. Sales in the domestic and regional markets witnessed a decrease, mainly due to the unfavorable economic trends, political instability in the markets of the region, but also due to cautious approach of customers to capital investments."

Rostelecom, the country’s fourth-largest national operator with a presence in all Russian regions, and a longtime partner of Ericsson Nikola Tesla, part of the Ericsson Group, has recently chosen this Croatian company for equipment delivery of a new cutting edge Mobile and Content Delivery Networks.

Pursuant to the Decision on dividend payment passed by the General Assembly of the joint stock company Ericsson Nikola Tesla we notify the shareholders that the dividend for the business year 2011 will be paid out on June 28, 2012.

Ericsson Nikola Tesla shareholder's annual assembly was held on Tuesday, June 5, 2012, with the represented equity capital of HRK 85,273,300 that is 64.04 % of the total share capital of the Company. Thus the prerequisites for lawfully convened and eligible operation of the assembly were met.

Ericsson Nikola Tesla made a new contract on the extension of the existing mobile network HT Mostar, in 2G and 3G segment. Under the signed contract, Ericsson Nikola Tesla will deliver to HT Mostar radio base stations of the latest generations and open to future technologies, and the corresponding software, as well as services of installation and integration into HT Mostar network. The contract value amounts to MHRK 36, and the realization is to start immediately.

“During Q1 the Company was strongly focused on several strategic projects and activities, bearing in mind all business challenges, and opportunities, as well as the need for fast adjustment to business environment. New business opportunities appeared, both in the domestic and foreign markets, primarily in the Commonwealth of Independent States (CIS)", says Gordana Kovačević, the President of Ericsson Nikola Tesla.

Pursuant to the Company Law, Art. 277, sections 2 and 3, the Managing Director of the joint stock company Ericsson Nikola Tesla d.d., Zagreb, Krapinska 45, made the decision on April 13, 2012 on the convocation of the Annual Shareholders’ Assembly that will take place at the registered office of the Company in Zagreb, Krapinska 45, on June 5, 2012 at 4.00 p.m.

Nedžad Rešidbegović, MSc, the general manager of BH Telecom, the leading telecom operator in Bosnia and Herzegovina and Gordana Kovačević, MSc, the president of Ericsson Nikola Tesla, the leading regional supplier for information and communication technology solutions, signed on March 12, 2012 in Zagreb the contract related to the support and maintenance of fixed and mobile BH Telecom technologies, in the coming period.

Ericsson Nikola Tesla signed a contract with the Kosovo operator Ipko, amounting to MHRK 20. It is about the contract covering the use of the latest software versions in Ericsson network elements, implemented into Ipko network, for the next two and a half year period.

The Annual Shareholders Meeting will take place on June 5, 2012. The dividend shall be paid out to all shareholders who seven days prior to the Annual Shareholders Meeting (i.e. on May 29, 2012) have Company shares registered on their securities account in the Central Depository&Clearing Company.

At the press conference held in Ericsson Nikola Tesla on Feb. 21, 2012, the business results achieved in 2011 and the forecast for 2012 were announced. The gathering was attracted by numerous journalists from newspapers, radio and TV, as well as the representatives of investors and financial analysts.

Ericsson Nikola Tesla d.d.(ERNT-R-A) will announce its 2011 results on February 21, 2012.