Report from Annual General Meeting

Disposition of accumulated deficit The annual general meeting adopted the board of directors' proposal that the Company's accumulated loss as stated in the balance sheet shall be covered by a transfer from the share premium reserve. No dividend shall be paid for the financial year 2002. Board of directors At the annual general meeting, Johan Lenander was re-elected to the board. Erik Mitteregger and Håkan Persson were elected as new members of the board. Tomas Althén and Sven-Åke Bergkvist have declined re-election. At the board meeting following the election, Johan Lenander was appointed board chairman. After the completed acquisition of Mobilehits, additional members are expected to be elected to the Board. Authorization for the Board to adopt a resolution regarding a non-cash share issue The annual general meeting authorized the Board, to resolve, before September 1, 2003, to increase the company’s share capital by a maximum of 674,235,070 shares representing a dilution of the share capital of about 43-46 percent depending on level of acceptance. The right to subscribe for the new shares shall be given to the stockholders of Melody Interactive Solutions AB (“Mobilehits”). The share value of the new shares shall be determined based on the value of the Aspiro shares at Stockholmbörsen's closing on the date when the subscription of shares takes place. Payment for the new shares shall be made in kind through the contribution in kind of at least 90 percent of all shares in Mobilehits. The new shares shall, with regards to dividends and other similar matters, carry the same rights as the former shares in Aspiro AB. The new shares also include the right to a distribution of profits (if such should occur) as of the financial year 2003. The purpose of the non-cash share issue is to make the acquisition of Mobilehits possible by payment in Aspiro shares. Issuing of warrants for the subscription of new shares The annual general meeting decided to issue a promissory note with a nominal value of SEK 100 connected to 1,400,000 detachable warrants for the subscription of new shares in Aspiro. Each warrant gives the right to subscribe for one new share in Aspiro at a nominal value of SEK 0.02 per share before May 15, 2006. The subscription rate shall amount to SEK 0.30 per share. The right to subscribe to the instrument shall, with disregard to the stockholders' preferential rights, be offered to the CEO of Aspiro, Håkan Persson. The subscription price for the instrument shall correspond to its nominal value plus the theoretical value of the warrants calculated in accordance with the Black & Scholes valuation model. Information regarding the value and the calculations on the date of transfer of warrants will be given to shareholders on request. The warrants shall be comprised by customary pre-emption. Upon full exercise of the warrants, the share capital may increase with at the most SEK 28,000, which corresponds to about 0.2 percent of current share capital after full dilution and about 0.1 percent after the acquisition of Mobilehits. The CEO does not participate in any other incentive programmes of the company. The dilution does not affect key ratio earnings per share, nor the key ratio shareholders' equity, other than marginally. Nomination-, remuneration- and audit committees The annual general meeting elected a nomination committee consisting of Johan Lenander, Erik Mitteregger, Ulf Hubendick and Per Bragee. Further, the Board of Directors was given the assignment to elect an audit committee as well as a remuneration committee. For more information, please contact: Helena Gynnerstedt, Head of Information, Aspiro AB, tel: +46 40 630 03 18, e-mail: helena.gynnerstedt@aspiro.com