Diamyd, Inc., and Diarect AG settles dispute

In a press release of November 27, Diamyd Medical wrote that it "won" a dispute over Diarect, and that the judge had "decided" in favor of Diamyd. As recommended by Diarect, Diamyd is now modifying this wording in this corrective press release: Diamyd, Inc., and Diarect AG settles dispute Diamyd Medical AB (listed on the Swedish Stock Exchange, O-list) develops a treatment for insulin dependent diabetes, Diamyd(TM). There has been an ongoing dispute since one year between a subsidiary, i.e. Diamyd, Inc., Akron, Ohio, USA and Diarect AG, Freiburg, Germany, regarding the termination by Diarect of a distribution agreement concerning Diamyd's right to market products from Diarect on the North American market. In a court hearing in Freiburg the judge expressed the opinion, that Diarect may indeed wrongfully have terminated the agreement, and recommended a settlement which should include a compensation in favour of Diamyd. The parties thereafter agreed that Diarect would pay US$ 35,000 to Diamyd and that all other claims from the respective parties are withdrawn. The outcome of the dispute will affect Diamyd's earnings positively with approximately US$ 35,000 for the first quarter. For further information, contact Anders Essen-Möller, Diamyd Medical AB (publ), Phone: +46 8-661 00 26, 661 12 25, fax: +46 8-661 63 68 or email: info@diamyd.com, web site: www.diamyd.com No guarantee is given or implied for the accuracy of any statements on present, historical or future results. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/12/08/20031207BIT00030/wkr0001.doc http://www.waymaker.net/bitonline/2003/12/08/20031207BIT00030/wkr0002.pdf

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Mertiva AB (former Diamyd Medical) primarily consists of holdings in liquid assets and holdings in Protein Sciences Corporation and Mercodia AB. Mertiva (former Diamyd Medical) shares are listed on Nasdaq OMX (segment Small Cap) in Stockholm (ticker: DIAM B) and on OTCQX in the US (ticker: DMYDY) administered by the Pink OTC Markets and the Bank of New York Mellon (PAL).

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