Schibsted’s CFO proposed as new chairman of the Aspiro board

The Aspiro Election Committee has informed the company of its intention to propose the Annual General Meeting on May 19 2011, the re-election of the board members Peter Pay, Lars Boilesen, Åsa Sundberg and Gisle Glück Evensen. The Election Committee will also propose that Trond Berger, representing Schibsted ASA will be elected as new board member. Further, Trond Berger will be proposed as chairman of the board.

Aspiro’s main owner Schibsted ASA has through the Election Committee’s work declared its intention to become a significantly more active shareholder in Aspiro. Correspondingly, Schibsted aims to increase its representation in the Aspiro board with one person, who will also be suggested as chairman.

Trond Berger, who will be proposed as new chairman of the board, is born in 1957. Mr. Berger is a B.Sc (Econ.) and is CFO of Schibsted ASA. He has previously worked for among others Nycomed ASA and Arthur Andersen.

The Election Committee for the AGM 2011 consists of Gisle Glück Evensen (chairman) representing Schibsted, Björn Franzon representing Swedbank Robur Fonder and private investor Odd Winger.

The complete proposal of the Election Committee will be stated in the notice convening the AGM and will be available on Aspiro’s Website, www.aspiro.com, as of the publishing of the notice.

This information is mandatory for Aspiro AB (publ) to publish pursuant to the Swedish Securities Exchange and Clearing Operations Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication at 12.30 p.m. on 7 April 2011.

For questions or further information, please contact:
Gisle Glück Evensen, Chairman of the Election Committee
Tel: +47 918 00 566, gisle.gluck.evensen@schibsted.no

Aspiro in Brief
Aspiro has unique positioning as the world's only provider of both streaming music and TV services delivered as a complete hosted white label service to partners. Aspiro also delivers music streaming service WiMP directely to consumers in Scandinavia. Aspiro utilize over ten years mobile technology and retail experience, delivering its premium services to companies worldwide including Deutsche Telekom, Telefónica O2, Telenor, 3, TeliaSonera, BBC, Aftonbladet, mBlox, TVNorge, Entel and VG. Aspiro is listed on the Nasdaq OMX Stock Exchange in Stockholm. 2010 sales for continuing operations were SEK 266 m and the company has some 115 employees.

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Aspiro is a media technology company on the forefront in the ongoing redefinition of music consumption. Through its subscription services WiMP and TIDAL, the company offers a complete music experience with HiFi quality audio and integrated editorial, magazine and video. In parallel, Aspiro is a content provider to the online media industry through RADR, helping its partners to attract and retain visitors on their web sites. See more on www.aspiro.com

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