Report from General Meeting of Aspiro AB (publ)

At Aspiro’s Annual General Meeting, which took place on May 14th 2004, the following resolutions were taken:

Allocations The Company's accumulated loss of SEK 30,014,916.06, as stated in the balance sheet, shall be covered by a transfer from the share premium reserve. Election of the Board and fees payable to the Board Johan Lenander, Erik Mitteregger, Ulf Hubendick and Marie Persson Björkman were re-elected and Alf Rasmussen was newly elected as member of the Board. The Board proposes that the fees payable to the Board amounts to SEK 250,000 to be divided among the members according to the resolution of the Board. Election of the auditors As auditor of the Company, certified accountant Ingvar Ganestam, Ernst & Young AB, was re-elected. As deputy auditor, certified accountant Johan Thuresson, Ernst & Young AB, was newly elected until the time of the ordinary general meeting of shareholders 2008. The fees payable to the auditors shall be paid on current account. Nomination committee The annual general meeting elected a nomination committee consisting of Johan Lenander, Erik Mitteregger, and a representative to be elected by Robur. Reduction of share capital The Meeting resolved that the share capital shall be reduced by an amount of SEK 29,706,1744.46 by a reduction of the par value of the share by SEK 0.74, from SEK 2.50 to SEK 1.76, in order to cover a part of the Company's accumulated loss. The resolution includes a change of § 5 of the Articles of Association, saying that the par value of a share will be SEK 1,76. The reduction of the par value will be registered in the systems of VPC on June 1st 2004. Changes in the Articles of Association Some changes in the Articles of Associatio were resolved. Call for General Meetings shall be made by advertisement in Post- och Inrikes Tidningar and one more newspaper with a nationwide coverage. Ordinary- and Extraordinary General Meetings will held in Malmö or Stockholm. The limits of the share capital shall at least SEK 60 m and at the most SEK 240 m. The altered Articles of Association are available at the company’s website. Issuing of warrants for the subscription of new The Meeting resolved that Chairman of the Board, Johan Lenander, who is also employed by the company, will be allowed to sign for a promissory note with a nominal value of SEK 100 connected to 1,00,000 detachable warrants for the subscription of new shares in Aspiro. The promissory note shall be transferred at a fair market price in accordance with the Black & Schole’s valuation model. Subscription of the promissory note must be made at the latest September 15th 2004. Subscription of new shares can be made during a period of 24 months from the signing of the promissory note at a subscription value corresponding to 150 percent of the company’s share value which is calculated as the volume weighted average value during ten days before the day of the signing of the promissory note. Upon full exercise of the warrants, the share capital may increase with at the most SEK 1,750,000, which corresponds to about 2.4 percent of current share capital after full dilution and reduction. The Swedish Shareholders' Association voted against the proposal and made a reservation against the resolution of the Meeting. Authorization for the Board to adopt a resolution regarding new share issue The Annual General meeting authorized the Board, to, at one or more occasions before the next Annual General Meeting, resolve a new share issue without preferential rights for the shareholders, for cash payment or by offset or non-cash. The authorization shall include 4,000,000 shares, which is a dilution of less than 10 percent, and may be utilized when acquiring a business or company.