Acquisition of WiMP Music AS complete

The acquisition of WiMP Music AS is now completed through a new share issue of 13,406,901 shares in Aspiro AB to Platekompaniet AS. The share issue was completed at a rate of 1.20 SEK, representing the volume weighted average share price on November 2. Issue will increase the share capital by 13,406,901 SEK. Contribution in kind, equivalent to 60,000 shares of WiMP Music AS will be carried at an amount of 16,103,979 SEK in the company’s balance sheet. The shares were admitted to trading on 9 November 2011. Aspiro thus have complete control over the music service WiMP in all markets and consolidates all revenues generated by WiMP from November 2011. Platekompaniet will obtain a 6.5% participating interest in Aspiro after the new share issue. The amount of shares after the share issue is 206,260,016.

This is information that Aspiro AB (publ) is required to disclose under the Securities Exchange and Clearing Operations Act and or the Act on trading in financial instruments. It was released for publication on November 9 at 2:10 p.m.

For more information, please contact: Kristin Castillo Eldnes, Head of Corporate communication and IR of Aspiro, +47 908 07 389, kristin.eldnes@aspiro.com or Gunnar Sellæg, CEO of Aspiro, +47 901 81 528, gunnar.selleg@aspiro.com.

About Aspiro
Aspiro has unique positioning as the world’s only provider of complete TV and music streaming services for partners that want to put their own branding on the service. Aspiro also provides the music streaming service WiMP directly to consumers on selected markets. Aspiro has over ten years’ experience in mobile technology and retail in northern Europe, and delivers services to partners worldwide like Deutsche Telekom, Telenor, 3, TeliaSonera, the BBC, Entel and Canal Digital. Aspiro is listed on Nasdaq OMX Nordic Exchange Stockholm.

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