Report from Annual General Meeting 2009

Press Release,

April 23, 2009

The shareholders of AudioDev AB (publ) have today, April 23, 2009, held their AGM in Malmö, Sweden.

The AGM adopted the annual report and consolidated accounts and decided in accordance with the Board and CEO's proposal that no share dividend be paid for 2008. The AGM approved the discharge from liability for Board members and CEO for the financial year.

In his report, AudioDev’s CEO, Christer Sjöström gave an account of business activities for 2008. He then presented the interim report for the first quarter of the year. In the presentation he stressed the importance of continuing development work in the thin film business – in which the company has focused on the three business areas flat panel displays, solar cells and OLED lighting - as a way of expanding the market for AudioDev's technology. The market for thin film measurement is assessed as being extremely important for AudioDev's future growth. In addition to that, he also stated that AudioDev is well prepared to meet an increased demand of BD-products.

A resolution was passed for the Board to be made up of five ordinary members without any deputies. The elected chairman was Jan Barchan, and the other Board members Göran Barsby, Per Ludvigsson, Thomas Vonheim and Sigrun Hjelmquist were all re-elected. Remuneration was set at SEK 200,000 to the chairman and SEK 150,000 to each of the Board members.

A resolution was passed on guidelines for remuneration to leading officials in line with the proposal from the Board. The proposal has been published in full in the Directors' Report section of the annual report.

For more information please contact:
Christer Sjöström, CEO, Tel: +46 (0)40-690 49 00

AudioDev discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 6.15 p.m. on April 23 2009.

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