Management and board increase their ownership in Novestra after acquisition of a total of 1 million shares from Lennart

MANAGEMENT AND BOARD INCREASE THEIR OWNERSHIP IN NOVESTRA AFTER ACQUISITION OF A TOTAL OF 1 MILLION SHARES FROM LENNART TENGROTH In all, eight persons within Novestra's management and Board have acquired a total of 1,000,000 Novestra shares from Board member Lennart Tengroth, whose holding after the transfer amounts to 1,071,505 shares corresponding to 4.6% of the total amount of outstanding shares. The main purpose of the transaction has been to provide key persons in the company with the possibility to increase their ownership through a transaction structure which links the price of the shares to the future development in value of the Novestra share. About Novestra AB Novestra is one of the leading independent venture capital investment companies in the Nordic region with focus on companies providing enabling services and technologies for the communications industry. Novestra's portfolio of companies includes B2 Bredband AB, Comintell Holding AB, Continuum Group Ltd, Fanglobe Inc, Iquity Systems Inc, Multilet AB, Netsurvey AB, PowerNet AB and Qbranch AB. Novestra's shares are listed on the O-List of Stockholmsborsen. For information regarding AB Novestra, please see www.novestra.com . ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/04/18/20010418BIT00430/bit0001.doc http://www.bit.se/bitonline/2001/04/18/20010418BIT00430/bit0002.pdf

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About STRAXSTRAX is a global company specializing in mobile accessories and connected devices. STRAX is listed on the Nasdaq Stockholm Stock Exchange. STRAX offers proprietary, licensed,partner branded accessories and connected devices. The proprietary brands include XQISIT, GEAR4, Urbanista, THOR, AVO+ and FLAVR. The company furthermore represents over 30 brands. The company sells to a wide channel landscape ranging from telecom operators, specialized mobile and consumer electronics retailers to online, lifestyle, convenience stores and supermarkets. STRAX was founded in Miami and Hong Kong in 1995 and has since grown significantly across the globe. STRAX has 200 employees in 12 countries and its operational HQ and logistics center is based in Germany.

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