DISCLOSURE NOTICE

Deccan Value Advisors Fund L.P., A/D Value Fund L.P., Y/D Value Fund L.P., and Deccan Value Advisors Fund, Ltd., represented by Deccan Value Advisors L.P (“Deccan Value Advisors”), have on 22 December 2006 acquired an aggregate of 1 457 000 shares of class A and 3 000 000 shares of class B in IBS AB (publ) (the “Company”), representing 5.35 per cent of the Company’s share capital and 15.85 per cent of the number of votes in the Company, in accordance with the following:• Deccan Value Advisors Fund L.P. (Federal Tax ID 56-2478603, c/o Deccan Value Advisors L.P., 15 Valley Drive, Greenwich,