Report from Extraordinary General Meeting

The Shareholders of Aspiro AB took the following decisions at the Extraordinary General Meeting of Shareholders ("the Meeting") on Friday August 8, 2003:

New share issue Due to the proposal to consolidate shares, the Meeting decided, intending to equalize the share capital to a number equally divisible with 200, to issue 114 new shares at par value to those main shareholders giving additional shares to other shareholders in connection with the consolidation. Consolidation of shares The Meeting resolved to amend § 5 of the Articles of Association so that the par value of a share is increased from SEK 0.02 to SEK 4.00, meaning a consolidation of shares (reverse split) in the proportion 200:1, whereby 200 existing shares are consolidated into one (1) new share. For the validity and execution of the resolution, it is presumed that shareholders whose shareholdings are not equally divisible with 200, will, free of charge, obtain additional shares from larger shareholders up to the nearest higher 200 number of shares. Erik Mitteregger and Johan Lenander have undertaken to provide the number of share required for this purpose. The consolidation is expected to be executed on 22 August 2003. The resolution was supported by shareholders holding more than two-thirds of the shares voted as well as two-thirds of all shares present or represented at the Meeting. Amendment of the Articles of Association regarding limits of the share capital The Meeting resolved to amend § 4 of the Articles of Association meaning that the share capital shall be not less than SEK 15,000,000 and not more than SEK 60,000,000. Reduction of the share capital The Meeting resolved to amend § 5 of the Articles of Association so that the par value of a share is reduced from SEK 4.00 to SEK 2.50. The amendment will lead to a reduction of the share capital by SEK 9,938,742, after an accomplished issue in kind to the shareholders of Mobilehits (resolved by the Board of Directors on 8 July 2003) and after an accomplished new issue and consolidation of shares according to the above. The reduction shall be effected by allocation of a corresponding amount to the statutory reserve and be accomplished by reducing the par value of the shares, according to the above, without any repayment to the shareholders. The resolution was supported by shareholders holding more than two-thirds of the shares voted as well as two-thirds of all shares present or represented at the Meeting. Authorization for the Board to decide upon new issue of shares with preferential rights for the shareholders The Meeting authorized the Board of Directors to decide, on one or several occasions during the period up to and including the next Annual General Meeting of Shareholders, that the share capital of the Company shall be increased by new issue of shares at a total issue amount of approximately SEK 30,000,000 (thirty million). The shareholders shall have preferential rights to the issue. Payment for the new shares shall be made in cash. The new shares shall as regards dividend and in all other respects carry the same right as the previously issued shares in the Company. The Board of Directors shall have the right to determine the other terms and conditions for the issue. New election of members of the Board of Directors Ulf Hubendick and Göran Strandberg were elected as new members of the Board of Aspiro. As previously announced, Håkan Persson will resign from the Board of Directors in connection with the new election of Hubendick and Strandberg. Johan Lenander and Erik Mitteregger will remain members of the Board. For more information: Johan lenander, Chairman of the Board, Aspiro, ph: +46-708-21 80 01, e-mail: johan.lenander@aspiro.com Helena Gynnerstedt, Head of Information, Aspiro, ph: +46-709-91 80 18, e-mail: helena.gynnerstedt@aspiro.com