Report from Extraordinary General Meetings of Shareholders

The Shareholders of Aspiro AB took the following decisions at the two Extraordinary General Meetings of Shareholders ("the Meeting") on Thursday March 11, 2004:

Amendment of the Articles of Association regarding limits of the share capital The Meeting resolved to change the wording of § 4 of the Articles of Association meaning that the share capital shall be not less than SEK 40 million and not more than SEK 160 million. New share issue The Meeting approved the decision of the Board of Directors of Aspiro to carry out a new share issue, of 8 million shares, directed at a number of major institutional investors. The new issue involves a dilution of about 23.2 percent. The issue price is SEK 3.00 per share, which is equivalent to a stock-exchange rate, which is less than the average rate during the trading days of February 4-6 2004 with 3 percent. New election of a member of the Board of Directors Marie Persson Björkman was elected as new member of the Board of Aspiro. Mrs Björkman, 43 years old, is today employed by Vodafone Sweden as director of BA Service Provision. She is a member of the commercial management team and responsible for the commercial launch of 3G. Mrs Björkman has previously held several positions within the WM-data Group, e.g. CEO of WM-data Life Science. She has also been working as Technical Attaché covering the IT- and telecom sectors and entrepreneurship in Silicon Valley, USA. Today, mrs Björkman is member of the Board in The Interactive Institute and in Ongame, and is also holding commissions of trust in IVA and earlier also in the IT-commission, an advisory institution appointed by the Swedish government. Marie Persson Björkman does not own any shares in Aspiro. Göran Strandberg resigns from the Board of Directors as of March 11, 2004. Non-cash issue of shares The Meeting approved the decision of the Board of Directors of Aspiro to issue at the most 5,664,133 new shares to the shareholders and option owners of Emode AS. The dilution effect on Aspiro’s share capital will be approximately 18 percent before the implementation of the directed share issue, which the Board has decided upon earlier (please see above). The shares will be paid for in kind with about 86 percent of all shares/options in Emode. The issue price for the new shares has been fixed at SEK 3.582 per share, which corresponds to Aspiro's average market value during the period February 9-20, 2004. The new shares will carry the same rights as previous shares in Aspiro. The purpose of the non cash issue is to make the acquisition of Emode possible with a part payment in Aspiro-shares. The remaining shares in Emode will be acquired with a cash sum and an additional purchase price corresponding the profit that Emode will generate during 2004.