Report from extra general meeting of stockholders of Aspiro AB

Share issue with preferential rights for the company's shareholders At Aspiro's extra general meeting of stockholders on December 20 2002, a resolution was approved to carry out a new share issue with preferential rights for shareholders, who for one old share will be given the right to buy six new shares at an issue price fixed at SEK 0.05 per share. The record day at the Securities Register Centre for all shareholders with right to subscribe for the new shares will be the 30th December 2002 and the last day of trading in Aspiro shares inclusive of subscription rights will be the 20th December 2002. The prospectus will be published on the 30th December 2002 and the subscription will take place from the 7th to the 22nd January 2002. The new share issue implies that the share capital increases by maximum SEK 11,759,977 via new issue of maximum 587,998,866 shares, each with a nominal value of SEK 0.02. A full subscription will add SEK 29,4 million to the company before issue costs. Of the subscription amount there are guarantees and subscription commitments amounting to SEK 10 million. The guarantee consortium includes Erik Mitteregger and JP Nordiska, among others. If the share issue does not add at least SEK 20 million before expenses, the Board of Directors will cancel the issue and already made payments will be repaid. Within the company's reconstruction process, Aspiro aims to reach an agreement with its creditors in order to adjust its costs to present circumstances. This agreement is required in order to carry out the new share issue. Change in the Articles of Associations At Aspiro's extra general meeting of stockholders authorization was also given to a change in the Articles of Association, which means that the limits of Aspiro's share capital will be increased by minimum SEK 8 million and maximum SEK 32 million. Authorization to the Board At Aspiro's extra general meeting of stockholders it was also approved to give the Board authorisation to take a decision about new share issues of up to 300 million shares without preferential rights, of which 150 million shares under certain circumstances shall be assigned to the guarantee consortium in conjunction with the new share issue with preferential rights at an issue price fixed at SEK 0.05 per share and of which 150 million shares will provide a possibility for the company to, before next annual general meeting, secure possible further needs for funding or to carry through acquisitions. For more information, please contact: Tomas Althén, Chairman of the Board, Aspiro AB, 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