Aspiro’s reorganisation process continues:

Organizational focusing on the core business

In order to entirely concentrate on development and sales of mobile applications, Aspiro has decided to wind up all its subsidiaries not necessary for the core business. The company has also sold its shares in LunarWorks. The board of directors has been reduced in number of members. With the aim of focusing all its time and resources on its core business, and to reduce the complexity of Aspiro’s organization, and hence the administration, Aspiro has decided to wind up all engagements, which do not support the business handling development and sales of mobile applications. Aspiro has decided to declare four subsidiaries bankrupt, in order to expedite liquidation. The subsidiaries are InfoCreator i Höganäs AB, Aspiro Development AB, Mgage Systems Finance AB (in liquidation) and Aspiro Advox AB (in liquidation). Today no business, which is supporting Aspiro’s core business, is run in these subsidiaries. The decision does not influence any employees. Aspiro has also decided to sell its subsidiary Midab Data AB. Aspiro’s affiliated company in the USA, Aspiro Inc. will be closed down. Aspiro’s American customers will from now on be handled from Sweden and via an agent who is based in San Francisco. After that, the Aspiro group consists of five legal units; the parent company Aspiro AB and the subsidiaries Aspiro Innovation AB, Aspiro International S.A. (based in Luxembourg), Mgage Systems AB and Picofun AB. Aspiro has sold its shares in LunarWorks AB to members of the top management and present owners of LunarWorks. The shares fetched SEK 2 million, which constitutes an important contribution to Aspiro’s liquidity under the present circumstances. Lars H. Bruzelius, Lars Jarnryd, France, and Fadi Pharaon, China, have resigned from the board of directors of Aspiro AB. For more information, please contact: Håkan Persson, CEO, Aspiro AB, ph: +46-708-36 81 30, e-mail: hakan.persson@aspiro.com Tomas Althén, Chairman of the Board, ph: +46-708-15 16 15, e-mail: tomas.althen@pba.se Helena Gynnerstedt, Head of Information, Aspiro AB, ph: +46-40-630 03 18, e-mail: helena.gynnerstedt@aspiro.com