Aspiro + Mobilehits = true

· Aspiro and Mobilehits intend to merge by Aspiro making an offer for all shares in Mobilehits. · Mobilehits is the market leader within the area of music related content for mobile phones. · More than 50 percent of Mobilehits’ shareholders have committed themselves to accept the offer. · Aspiro’s shareholders will own 54 -57 percent of the merged company. · In order to gain administrative advantages, the merger is synchronized with a new share issue with preferential rights in Mobilehits. This entails Aspiro’s annual general meeting being postponed for one week, to Friday May 23 2003, at 1.00 p.m.

Background & motive Aspiro AB (publ) (”Aspiro”) has met an agreement regarding a merger with Melody Interactive Solutions AB (publ) (”Mobilehits”). The two companies have since the summer of 2002 cooperated and complement each other both in terms of products and customers. Mobilehits is market leading within the area of music related content for mobile phones. By analysing the customers’ interactivity between Internet portals and mobile phones, through in-house developed measuring tools, Mobilehits has gained extensive knowledge of the new generation of mobile phone-users. The Boards and major owners of Aspiro and Mobilehits experience that the telecom operators have started demanding solutions and offers targeted at specific customer groups. With a merged product portfolio and customer base, and the ability of offering the telecom operators solutions targeted at specific customer groups, the Board believes that the merged company will gain a more prominent position on the market for mobile services. The merged company will deepen its business relations and eventually get more attractive commercial conditions with the telecom operators. Aspiro’s major owner, Erik Mitteregger, has bound himself to vote in favour of the merger. Mobilehits Today, Mobilehits is the leading producer and supplier of music and entertainment related mobile services on the European markets. Apart from Mobilehits’ own Internet-sites, with more than 1.1 million members (http://www.mobilehits.com/), the company has some 30 customers, for example TeliaSonera, Vodafone Live! and Djuice. By its close cooperation with the music industry, the company has gained a unique position supplying new mobile services, attracting the new generation of mobile phone users. Mobilehits has developed tools which analyse their web-site visitors’ preferences and behaviour patterns, which makes it possible to optimise the quality of the services and hence create an increased customer loyalty. Today, Mobilehits can show that the results of the analyses give the operators increased revenues per customer. In 2002, Mobilehits’ revenues amounted to SEK 12.2 million, to be compared with SEK 3.5 million in 2001. The company, situated in Stockholm, employs 12 people. The major owners are Livförsäkringsbolaget Skandia, Per Aronsson, Ulf Hubendick, Predictive Capital AB and Per Mosseby. More than 50% of Mobilehits’ shareholders have bound themselves to accept the Aspiro offer and the Board of Directors of Mobilehits has decided to recommend all shareholders to accept the offer. Shares and dilution effects Mobilehits will carry through a new share issue with preferential rights May 20 until June 3. The new share issue of, at the most, SEK 9.4 million is guaranteed by Skandia Liv by at least SEK 5 million. Depending on the final result of Mobilehits’ new share issue, Aspiro’s present stockholders’ share of share capital and number of votes will amount to 54-57 percent, provided full support for the offer. The dilution of share capital and votes thereby amounts to 43-46 percent. Organisation Håkan Persson, CEO at Aspiro and Robin Rutili, CEO at Mobilehits will lead the integration work. Aspiro’s Board of Directors, until the merger with Mobilehits has been completed, is suggested to consist of present member Johan Lenander and new election of Erik Mitteregger and Håkan Persson (CEO). Tomas Althén and Sven-Åke Bergkvist have declined re-election. The exchange and conditions for the merger The stockholders of Mobilehits will receive 67 Aspiro shares for each share in Mobilehits. The exchange period coincides partly with the subscription period for the new share issue in Mobilehits and is concluded on June 13 2003. The merger is conditional upon that · necessary decisions are taken at the annual general meeting of Aspiro, · more than 90 percent of the shareholders in Mobilehits accept the offer, · when the acquisition is completed, Aspiro’s accountants will approve the evaluation of Mobilehits by issuing an auditor's certificate, · the new share issue with preferential rights in Mobilehits provides the company with at least SEK 5 million, and · prior to the accomplishment, it does not occur anything that fully or partly makes it impossible or substantially obstructs the merger or influences the evaluation of Mobilehits in any material way. Timetable · Annual general meeting at Aspiro AB, May 23 2003 · Information Memorandum is available around May 20 2003. · Record date for the stockholders of Mobilehits regarding the new share issue with preferential rights, May 20 2003. · Subscription period for Mobilehits new share issue, May 20 – June 3 2003. · Acceptance period for the exchange of Mobilehits shares for Aspiro shares, May 20 – June13 2003. Malmö April 14 2003 Aspiro AB (publ) Board of Directors For further information, please contact: Aspiro AB (publ) CEO Håkan Persson Ph. +46-708-36 81 30 hakan.persson@aspiro.com Melody Interactive Solutions AB (publ) CEO Robin Rutili Ph. +46-709-18 17 02 robin@mobilehits.com Member of the Aspiro Board of Directors Johan Lenander Ph. +46-708-21 80 01 Johan.lenander@aspiro.com