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                                                          Enclosure D
This is a non-official translation of the Swedish original wording.
In case of differences between the English translation and the
Swedish original, the Swedish text shall prevail.

                              Item 15
The Board's proposal regarding resolution on transfer of own stock in
relation to the resolution on the Global Stock Incentive Program 2001
________________________________________________________________________



Background
The Annual General Meeting of shareholders 2001 in
Telefonaktiebolaget LM Ericsson ("Ericsson") resolved to approve
transfer of own stock in relation to the introduction of a Global
Stock Incentive Program. The resolution comprised, inter alia, a
right for the company to transfer a maximum of 31,000,000 shares of
series B to cover certain payments, mainly for social security
charges that may occur in relation to the Program. According to the
resolution by the Annual General Meeting, transfer should take place
prior to the Annual General Meeting 2002. No such transfer had been
made pursuant to the resolution prior to the Annual General Meeting
2002, at which the Meeting made a new resolution that the company
should be able to transfer own stock as described above prior to the
Annual General Meeting of share 2003. In accordance with the
resolution, 460,535 shares have been transferred up to March 4, 2003.


Proposal
Therefore, the Board of Directors proposes the Annual General Meeting
of shareholders to resolve that Ericsson shall have the right to
transfer, prior to the Annual General Meeting 2004, a maximum of
30,539,465 shares of series B, or the lower number of shares of
series B, which as per March 25, 2003, remains of the original
31,000,000 shares, for the purpose of covering certain payments,
primarily social security charges that may occur in relation to the
company's Global Stock Incentive Program 2001. Transfer of the shares
shall be effected at Stockholmsb�rsen at a price within the, at each
time, registered price interval for the share.



                      Stockholm, March 4, 2003

                              The Board



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