The Fermats was formed by Markus Magnuson, Leo Nathorst-Böös and Anna Jansson during the summer of 2002. Later that year they release their first EP on cassette, called Waffle Breakfast With The Fermats, which among other songs contained a cover version of the song Electronic Renaissance by Belle and Sebastian. During 2003 they recorded their second release, called Six or Seven Ways To Spend Your Summer EP, abandoning the cassette format in favor of CD.

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