Global IP Solutions Announces $10 Million in Pre-Emptive Share Offering and Reports Third Quarter 2007 Financial Results

(Reported in thousands of U.S. Dollars and thousands of Swedish Krona; unaudited)

STOCKHOLM – November 6, 2007 - Global IP Solutions (GIPS) Holding AB, the leading provider of embedded media processing technologies, announced today a pre-emptive share offering for up to $10 million in ordinary shares. Kistefos AS, a privately owned investment company and the largest shareholder of GIPS, has agreed to guarantee up to $ 8.0 million of the offering. The Board of Directors of GIPS has made the decision to raise additional equity to ensure that the company has the financial resources necessary to correct the deficiencies exposed in its third quarter results and to execute its business strategy through Fiscal 2008 and beyond. An extra ordinary General Assembly will be called for in order to issue the share offering. All current shareholders will have the opportunity to participate in the offering. The subscription price will be established at a later date. It is the intention of the board to price the issue at a small discount to market value, creating a relatively low value on the rights.