Announcement of Aspiro's prospectus for new share issue

The Board of Directors of Aspiro AB (publ) has, as earlier announced, decided to carry out a new share issue with preferential rights for shareholders, which was approved by the extraordinary general meeting. For this purpose, the Board has drawn up a prospectus, which was approved by Finansinspektionen (the Swedish Financial Supervisory Authority) on December 20, 2002. The prospectus, which is in Swedish, will be sent to all known shareholders in Sweden. From December 30, 2002, the prospectus will be available at Aspiro's website www.aspiro.com, at JP Nordiska's website, www.nordiska.com and at Aspiro's head office in Malmö. An English summary of the prospectus will be available at the same sites no later than January 7, 2003. In order to adjust the company to present market conditions, Aspiro adopted a comprehensive plan of action, during the autumn of 2002, aimed at retaining its delivery capacity despite a reduction of employees. Total monthly cost savings from these measures are estimated at SEK 1,600 thousand. The program is calculated to reach full effect during the first quarter of 2003. After that, Aspiro's monthly operating costs will amount to approximately SEK 2,500 thousand. The payment from the present new share issue, an accomplished cost saving program and a successful composition procedure within the frames of Aspiro's reconstruction process, are measures which will together bring Aspiro to a positive operating result during the end of 2003.