GENOVIS IMPLEMENTS CONVERSION TO ONE CLASS OF SHARES AND ISSUES WARRANTS

According to the resolution of the Annual General Meeting on April 17, 2008, conversion to one class of shares will take place as of the cut-off date of June 2, 2008, after which the company will have 10,886,233 shares.

According to the resolution at the 2008 Annual General Meeting the company will issue 187,000 warrants for subscription by the CEO, senior executives, and other employees on equal terms. The warrants may be exercised for subscription of shares between February 28, 2012 and May 31, 2012. When all warrants are fully exercised the company's share capital will increase by a total of SEK 74,800 through the issue of 187,000 shares, with a par value of SEK 0.40. If the warrants are fully exercised the new shares will constitute 1.7 % of capital and votes.