ReadSoft carries out new issue

ReadSoft carries out new issue ReadSoft AB announces today that the Board of Directors has passed a resolution concerning a new issue that will provide the company with proceeds amounting to approximately SEKm 20. The new issue has been subscribed by H&Q Technology for further sales to institutional investors. ReadSoft's Board of Directors has decided to carry out a new issue of 1.403.509 shares series B, based on an authorization from the extraordinary meeting November 12, 2001. The new issue is not pertaining the equity financing agreement earlier announced with Hagströmer & Qviberg Fondkommission on October 25, 2001. The subscription price was fixed via a tender process to 14,25 per share, and the new issue provides ReadSoft with gross proceeds amounting to approximately SEKm 20. The new issue has been subscribed by H&Q Technology for further sales to Swedish and international institutional investors. The purpose of the new issue is to strengthen ReadSoft's market position and finances. The total nominal value of the newly issued shares amounts to SEK 140.351, which means that ReadSofts total share capital increases to SEK 3.046.677. After of the new issue ReadSoft will have a total of 30.466.769 shares, divided in 1.706.100 shares series A and 28.760.669 shares series B. For more information, please contact: ReadSoft AB Jan Andersson, MD ReadSoft, Pho: +46-(0)708 - 37 66 00 Olof Engvall, Head of Information, Pho: +46-(0)708 - 37 66 70 E-mail: olof.engvall@readsoft.com www.readsoft.com ReadSoft is the market leader in the development and sales of software for automatic data capture, which is software that automatically registers and interprets data on forms and invoices in paper or electronic format. Since its establishment in 1991,ReadSoft has evolved into a global corporation with thirteen subsidiaries in Sweden, Norway, Denmark, Germany, France, Spain, Italy, The UK, The US, Mexico, Chile, Brazil and Australia. The annual growth, for the last five years, has been approximately 70%. In 2000 the turnover was 31 MUSD. In early May the Swedish business magazine Veckans Affärer awarded ReadSoft the title "IT-Company of the year 2001. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/11/26/20011126BIT00100/bit0001.doc http://www.waymaker.net/bitonline/2001/11/26/20011126BIT00100/bit0001.pdf

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ReadSoft is the worldwide market leader in the development and sales of forms processing software, that is, software for the automatic registration and interpretation of data on forms and invoices in paper or electronic format.

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