Aspiro to carry out a new share issue

The Board of Directors of Aspiro AB (publ) has decided to carry our a new share issue with preferential rights for the company’s shareholders. A full subscription will add SEK 29,8 million to the company before issue costs. The full subscription amount is already secured by guarantees and subscription commitments. The conditions of subscription are 3:1 at an issue price fixed at SEK 1.50 per share.

On August 28, 2003, Aspiro’s Board of Directors decided to carry out a new share issue with preferential rights for shareholders, by utilizing the authorization given by the extra general meeting of shareholders on August 8, 2003. One old share will give the right to buy three new shares at an issue price fixed at SEK 1.50 per share. The record day at the Securities Register Centre for all shareholders with right to subscribe for the new shares will be the October 1, 2003 and the last day of trading in Aspiro shares inclusive of subscription rights will be September 26, 2003. The prospectus will be published on September 30, 2003 and the subscription will take place from October 6 to 21, 2003. The new share issue implies that a maximum of 19,877,484 new shares will be issued. A full subscription will add SEK 29,8 million to the company before issue costs. The full subscription amount is already secured by guarantees (96%) and subscription commitments (4%). The issue is conditioned upon that the extraordinary general meeting of shareholders, on September 26, decides on a proposed change in the Articles of Association. The funds from the new share issue is intended to finance Aspiro's operations until positive cash flow is achieved. Aspiro intends to make certain aggressive investments in order to achieve an income increase by the end of the year. Inter alia there are efforts to extend the portal business of Mobilehits, which will give a more direct contact with the end users. Another incentive for a new share issue is to strengthen the company’s financial position at prospective acquisitions in the future. Aspiro is continuously discussing co-operation and structural transactions with other branch companies. In order to provide for the new share issue regarding the share capital, the Board has called for an extraordinary general meeting in order to increase the share capital. Please view the notice to attend the extra general meeting of shareholders, below. The Board of Directors’ complete proposal for the above questions are available at the company. For more information: Johan Lenander, Chairman of the Board, Aspiro, ph: +46-708-21 80 01, e-mail: johan.lenander@aspiro.com Håkan Persson, CEO, Aspiro; ph: +46-708-36 81 30, e-mail: hakan.persson@aspiro.com Extra general meeting of stockholders of Aspiro AB (publ) The Board of Aspiro AB (publ), 556519-9998, hereby convenes an extra general meeting of stockholders on September 26, at 9.30 a.m., at Aspiro's head office, Gråbrödersgatan 2, Malmö. Stockholders wishing to participate in the Annual General Meeting must be entered as stockholders in the share register maintained by VPC AB (Swedish Securities Register Center) no later than Tuesday, September 16, 2003. In addition, stockholders must notify the company of their intention to attend the meeting by 4.00 p.m., Monday September 22, 2003, at the following address: Aspiro AB, "Extraordinary General Meeting", Gråbrödersgatan 2, 211 21 Malmö, Sweden. Or by fax on +46 40 579771, or e-mail to shareholdersmeeting@aspiro.com. When giving notification, stockholders should state name, personal identity number (Swedish nationals only), address and telephone number. Persons attending the meeting on behalf of a stockholder must present a valid power of attorney to the company before the meeting. Stockholders whose shares are registered with a trustee must arrange through the trustee for any such shares to be registered temporarily in their own name prior to September 16, 2003 in order to be able to participate in the meeting. Such stockholders should advise their trustee of this in good time before the meeting. Proposed Agenda 1. Election of Chairman of the meeting. 2. Preparation and approval of voting list. 3. Approval of the agenda. 4. Election of persons to approve the minutes. 5. Examination of whether the meeting has been properly convened. 6. Approval of the change in the Articles of Association (raise of share capital) In order to provide for a planned new share issue with preferential rights for the shareholders, the Board suggests to the extraordinary general meeting to change the wording of § 4 of the Articles of Association meaning that the share capital shall be not less than SEK 20,000,000 and not more than SEK 80,000,000. Malmö August 2003 The Board of Directors