Extraordinary General Meeting in Aspiro AB (publ)

At an extraordinary general meeting in Aspiro AB (publ) today it was resolved that the share capital shall be reduced for the purpose of allocation to a non-restrictive reserve and to introduce a call option programme and to transfer shares in Rubberduck Media Lab AS and Rubberduck Media Lab, Inc.

Reduction of the share capital for the purpose of allocation to a non-restrictive reserve
In accordance with the proposal of the Board of Directors, the general meeting resolved to reduce the share capital with an aggregate amount of SEK 144,808, 976.40 without calling in shares and without repayment to the shareholders. The share capital will be reduced by decreasing the quota value to SEK 0.76. After the implementation of the reduction each share will have a quota value of SEK 1 (one) and the share capital will amount to SEK 190,538,115. The purpose of the reduction of the share capital is that the reduction amount will be allocated to a non-restrictive reserve to be used subsequently according to the resolution by the general meeting. A prospective distribution proposal is intended to be submitted in connection with the year-end report.

Issue of call options and transfer of shares in Rubberduck Media Lab AS and Rubberduck Media Lab, Inc.
In accordance with the proposal of the Board of Directors, the general meeting further resolved to issue call options for shares in the subsidiary companies Rubberduck Media Lab AS and Rubberduck Media Lab, Inc. to employees in each company. The proposal implies that the managing director, senior executives and key employees of Rubberduck Media Lab AS will receive call options amounting to 9.9 per cent of the shares in the company and the managing director of Rubberduck Media Lab, Inc. will receive a call option for five (5) per cent of the shares in the company. The call options will entitle the employees to acquire shares in Rubberduck Media Lab AS at 125 per cent of the assessed market value of the shares at the time of issuance of the options, respectively 120 per cent for Rubberduck Media Lab, Inc. In Rubberduck Media Lab AS, the call options can be exercised after the expiry of three years and in Rubberduck Media Lab, Inc. with 20, 30 and 50 per cent apportioned over three years. The exercise of the option is conditional upon the option holder still being employed when exercising the option and the relevant company having reached a certain revenue. The costs of the company is estimated not to exceed MSEK 4.5 during the period 2008-2012.

Stockholm, 11 December 2008
Aspiro AB (publ)

For more information, please contact:

Ann Charlotte Svensson
Head of Corporate Communications and IR
Tel: +46 709 91 80 10
e-mail: ann.charlotte.svensson@aspiro.com

Gunnar Sellæg
CEO
Tel: +47 901 81 528
e-mail: gunnar.selleg@aspiro.com


Aspiro discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 4.30 p.m. on 11 December.