GIPS: Extraordinary General Meeting on July 23, 2010

San Francisco - July 6, 2010 - Global IP Solutions (GIPS) Holdings AB

(publ) announces that, following a request from Google Acquisition Holdings Inc, the board of directors of GIPS has today resolved to convene an extraordinary general meeting to be held on July 23, 2010. The general meeting shall inter alia make elections to the board of directors and consider approving the board of directors application to the Oslo Stock Exchange to de-list GIPS’ shares from trading. The notice to convene the general meeting is appended to this notice.

At today’s board meeting, the board of directors furthermore resolved to file an application for a de-listing of GIPS’ shares from Oslo Stock Exchange. The board of directors’ application is subject to shareholder approval at the extraordinary general meeting.

William Scharninghausen, CFO. Tel: +1 415.397.2555

John Gallagher, Investor Relations. Tel: +1 415.746.1155