Tripep’s EGM approved resolution on a rights issue

At Tripep’s Extraordinary General Meeting yesterday it was resolved to approve the resolution by the Board of Directors on May 23, 2005 to carry through a new share issue with preferential rights to existing shareholders. The new share issue is fully guaranteed through subscription commitments and issue guarantees. Tripep will issue up to 5,083,333 new shares. Three existing shares entitle the holder to subscribe to one new share to the subscription price SEK 5.50 per share. For every share subscribed and paid for, two warrants will be received free of compensation; one per series F and series G respectively. Four series F warrants grant the right to subscribe to a new share in the period August 1, 2005 – January 31, 2006 at the subscription price of SEK 8.00 per share. Four series G warrants grant the right to subscribe to a new share in the period August 1, 2005 – August 31, 2006 at the subscription price of SEK 12.00 per share. Through the new share issue, the company raises approximately SEK 28 million before transaction costs. Full subscription of the warrants implies that additional funds of approximately SEK 25.4 million are raised. The Board of Directors was also authorised by the Meeting, on one or more occasion, to decide on a new share issue not exceeding a total of 2 million shares, and at that to decide on diversion from the shareholders preferential rights. Timetable for the new share issue - Last day of trading of shares including subscription rights: June 13, 2005 - Record date: June 16, 2005 - Publication of prospectus: approximately June 17, 2005 - Trading of subscription rights: June 22 – July 1, 2005 - Subscription period: June 22 – July 6, 2005 For more information, please contact: Rolf L. Nordström, Chairman, Tripep AB Tel: +44 20 7839 8686, mobile phone: +44 7776 137 400 E-mail: rolf.l.nordstrom@btinternet.com Jan Nilsson, CEO, Tripep AB Tel: +46 8 449 84 80, mobile phone: +46 70 466 31 63 E-mail: jan.nilsson@tripep.se