Ericsson Racing Team (STO:ERIC) CAPE TOWN, South Africa (Nov. 15, 2008) - Ericsson Racing Team's two yachts in the Volvo Ocean Race are the early pacesetters on Leg 2, a 4,450-nautical-mile jaunt to Cochin, India.

Team observers reported that Ericsson 4, skippered by Brazilian Torben Grael, and Ericsson 3, led by Sweden's Anders Lewander, were running 1-2 as they cleared Camps Bay slightly more than two hours after the start, with Green Dragon third.

The start occurred in glorious conditions, even though it was delayed by about 20 minutes due to the spectator fleet crowding the start line. The wind built from around 10 knots at the time of postponement to 15 to 20 knots by the time the fleet cleared out of Table Bay.

Footage will be available at www.r2prod.net/ERT from 1700h GMT.

Footage also available from the Ericsson Broadcast Room at www.thenewsmarket.com/ericsson

ENDS

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Ericsson Racing Team

http://www.ericssonracingteam.com

ISIN: SE0000108656

Stock Identifier: SSE.ERICR

US: ERICY

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