Morphic Placed on Observation List

Nasdaq/OMX Stockholm (the Stock Exchange) has announced that Morphic will be placed on the Observation List with effect from Tuesday September 22, 2009. The reason is that the one-year review of Morphic’s Stock Exchange listing pointed to a number of failures to comply with the listing requirements. The Stock Exchange Listing Committee has also recommended that a case against Morphic be initiated in the exchange’s Disciplinary Committee.

“We see this as a stage in the cleansing process initiated by the Board immediately upon its appointment in May 2009, which is designed to turn Morphic into a company that complies in every respect with all the requirements that are made of a listed company. We have studied the exchange auditors’ report on their one-year review of Morphic following its listing in March 2008. The exchange’s decision to initiate a case in the Disciplinary Committee is something that we have been expecting, and we have no objection to it,” Attorney Jan Rynning and a Morphic Director, says.

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Amasten is a property company focusing on residential properties and commercial premises, but also owns offices and social services properties. Amasten acquires, manages and develops properties in small and midsize towns with high property yields, favourable growth prospects and a stable rental market.

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