IBS’ Board decides on repurchase of own shares

The Board of Directors of IBS has decided to utilize the authorization the Board received from the Annual General Meeting to repurchase shares in the company.

The Annual General Meeting on May 9, 2006 resolved to authorize the Board to decide on one or more occasions, during the period until the next Annual General Meeting, to take decision on acquisition of the company’s own shares. The authorization is subject to the restriction that the company’s holding of treasury shares may not at any given time exceed 10 percent of all shares in the company. The objective of this authorization is in part to allow the Board of Directors to adjust the capital structure, thereby creating added value for the company’s shareholders. Based on the strong financial position the Board has decided to mandate the executive management to initiate on appropriate occasions the repurchase of shares in an amount of a maximum of SEK 50 m during the time until December 31 2006. The shares will be purchased on the Stockholm Stock Exchange (Stockholmsbörsen) at a price within the registered share price interval on each occasion. For further information, please contact Per-Arne Sendrén, Executive VP & CEO, IBS AB Mobile: +46 (0)70 627 23 60 per-arne.sendren@ibs.net John Womack, VP Communications & IR Mobile: +46 (0)70-678 24 99 john.womack@ibs.net