Main points from Aspiro AB's Annual General Meeting

Main points from Aspiro AB's Annual General Meeting Aspiro AB (publ), who are listed on the Nya Marknaden of the OM Stockholm Stock Exchange, held its Annual General Meeting on May 18, 2000. The AGM approved the Board of Directors proposals and passed the following decisions: The re-election of Board Members Tomas Althén, Sven-Åke Bergkvist, Lars Bruzelius, Klas Hallqvist and Stig Herbern. The election of Ingvar Ganestam, Ernst & Young, as the company's auditor. No fees will be paid to members of the Board of Directors. The auditors will be remunerated in accordance with their billing. The AGM approved a 5 to 1 stock split, This means that every stockholder in exchange for one old share with a par value of SEK 0.10 will receive five new shares each with a par value of SEK 0.02. The last day of trading with the old number of shares will be Thursday, May 25, 2000. The first day of trading with the new shares will be Friday, May 26, 2000. The record day at the Securities Register Center will be May 30, 2000. The AGM also authorized the Board of Directors to, at some time before the next AGM, make a decision regarding a new share issue of no more than 10,000,000 shares after a split at the prevailing market price. The reason for this authorization is to give the company a sound financial foundation and prepare it for future investments and acquisitions. The AGM passed a resolution to adjust the terms of the company's warrants program, 1999/2001:2, so that each warrant will give the holder the right to subscribe for 3 1/3 new shares for every 1 (one) share held. The dilution effect after adjustment for the warrants program and if fully subscribed will be equal to 4.29 percent of the company's present share capital and votes. The adjustment has been carried out in order to reflect the terms of the warrants programs that have previously been transferred. The AGM also approved the transfer of previously issued warrants to employees in Aspiro's American subsidiary, Aspiro Inc. Finally, certain changes were made in the Articles of Association. These were chiefly editorial in nature. For further information, please contact: Jörgen Adolfsson, CEO, Aspiro AB, tel: +46 709 918003 Stefan Lindquist, CFO, Aspiro AB, tel: +46 708 36810 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/25/20000525BIT00390/bit0001.doc http://www.bit.se/bitonline/2000/05/25/20000525BIT00390/bit0002.pdf