Reduction of the share premium reserve

Reduction of the share premium reserve In order to facilitate future dividends to the shareholders, the Board of Directors has today decided to propose the ordinary general meeting May 14, 2003, to approve a reduction of the share premium reserve of SEK 291.6 million, of which SEK 35.3 million will be used to cover retained losses, and SEK 256.3 million will be transferred to the company's unrestricted equity. The company's unrestricted equity amounts to SEK - 35.3 million. The company's restricted equity amounts to SEK 482.6 million, constituting of SEK 18.4 million in share capital and SEK 464.2 million in share premium reserve. After the reduction, the company's equity will be made up as follows: Share capital of SEK 18.4 million, Share premium reserve of SEK 172.6 million and unrestricted equity of SEK 256.3 million. The transfer to unrestricted equity can not be executed without approval from the district court, which is expected during August, 2003. Gothenburg Mars 10, 2003 The Board of Directors, Vitrolife AB For further information, please contact: Acting CEO, Dr. Magnus Nilsson Phone: + 46 31 721 80 00 Mobile phone: + 46 708 22 80 61 CFO, Margareta Fischer Phone: + 46 31 721 80 00 Mobile phone: + 46 708 22 80 13 www.vitrolife.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/03/10/20030310BIT01270/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/10/20030310BIT01270/wkr0002.pdf

About Us

Vitrolife is an international medical device Group. The Fertility product area develops, produces and markets medical devices for assisted reproduction. Work is also carried out to enable the use and handling of stem cells for therapeutic purposes. Vitrolife has approximately 330 employees and the company’s products are sold in about 110 markets. The company is headquartered in Gothenburg, Sweden, and there are also offices in USA, Australia, France, Italy, United Kingdom, China, Japan, Hungary and Denmark. The Vitrolife share is listed on NASDAQ OMX Stockholm, Mid Cap.

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