Report from the Annual General Meeting Of Aspiro AB (publ)

The proposals from the Board of Directors and Election Committee were approved by Aspiro’s Annual General Meeting (AGM), which was held today.

Appropriations
The AGM resolved to balance the loss to carry forward of SEK –27 836 573,48.

Resolutions on the Board of Directors and Directors’ Fees
In accordance with the Election Committee’s proposal, Lars Boilesen, Peter Pay, Gisle Glück Evensen and Åsa Sundberg were re-elected, and Trond Berger was elected as new Board member. Trond Berger was elected as Chairman of the Board of Directors. Directors’ fees will amount to a total of SEK 750,000, of which SEK 250,000 to the chairman and SEK 125,000 to each of the other Board members.

Resolution on Guidelines for Remuneration of Senior Executives
The AGM approved the Board of Directors’ proposed guidelines for remuneration to senior executives. The proposed guidelines were mainly in accordance with the guidelines approved by the AGM of 2010. The AGM approved the new employment contract with the CEO, Gunnar Sellæg, entered by the Board of Director's on 17 February 2011, involving remuneration on termination totaling 18 months’ salary with a division of a six-month notice period and 12 months’ severance pay.

This information is mandatory for Aspiro AB (publ) to publish pursuant to the Swedish Securities Exchange and Clearing Operations Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication at 2.50 p.m.

For more information, please contact: Kristin Castillo Eldnes, Head of Corporate communication and IR of Aspiro, 47 908 07 389, kristin.eldnes@aspiro.com or Gunnar Sellæg, CEO of Aspiro, 47 901 81 528, gunnar.selleg@aspiro.com.

About Aspiro
Aspiro has unique positioning as the world’s only provider of complete TV and music streaming services for partners that want to put their own branding on the service. Aspiro also offers its music streaming service WiMP direct to consumers on selected markets. Aspiro has over ten years’ experience in mobile technology and retail in northern Europe, and delivers services to partners worldwide like Deutsche Telekom, Telefónica O2, Telenor, 3, TeliaSonera, the BBC, Aftonbladet, mBlox, TVNorge, Entel and VG. Aspiro is listed on Nasdaq OMX Nordic Exchange Stockholm. Sales for continuing operations in 2010 were SEK 262m and the company has some 115 employees.

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