Notice of Annual General Meeting of IBS AB

The shareholders of IBS AB (publ) are hereby invited to attend the Annual General Meeting (AGM) to be held on Monday 9 May, 2005 at 6 p.m. at Näringslivets Hus, Storgatan 19, Stockholm. The meeting will be preceded by a light meal, which will be served from 5 p.m. onwards.

A.PARTICIPATION Shareholders intending to participate in the AGM must give notice of their participation no later than Monday 2 May, 2005 at 12.00 noon in writing to IBS AB, Att: Helena Magnusson, P.O. Box 1350, SE-171 26 Solna, Sweden, by telephone on +46 (0)8-627 23 98, or by e-mail at helena.magnusson@ibs.net. The notification must include name, personal/corporate identity number, address and number of registered shares held. Shareholders wishing to be represented through power of attorney should submit a written and dated power of attorney, granting authorisation to a specified person, together with the notice of participation. Shareholders representing a legal entity must present a copy of the certificate of incorporation or a similar document showing the authorised signatories. Shareholders who have given notice to attend and are registered in the share register kept by VPC AB (the Swedish Securities Register Centre) on Friday 29 April, 2005 are entitled to participate in the AGM. Shareholders who have their shares registered in the name of a trustee must, in order to participate in the AGM, register their shares in their own name with VPC by this date. Such registration, which can be made on a temporary basis, should be requested from the trustee well in advance of this date. Please note that this procedure also encompasses shareholders who utilise a shareholders’ deposit account in a bank, or who trade via the Internet. Financial accounts and audit reports (Item 7) will be available at the company’s Head Office, Hemvärnsgatan 8, Solna from and including Friday 22 April, 2005. Documents will also be available for access on the company’s website (www.ibs.net) as well as at the venue of the AGM. B.PROPOSED AGENDA FOR THE AGM 1.Opening of the AGM 2.Election of Chairman of the meeting 3.Election of one or two persons to verify the minutes 4.Preparation and approval of the voting list 5.Establishment of whether the AGM has been duly convened 6.Presentation and approval of the Board of Directors’ proposed agenda 7.Presentation of the Annual Report, Auditor’s Report and the Consolidated Annual Report and the Auditor’s Report on the Consolidated Annual Report 8.The Managing Director addresses the AGM 9.Resolutions in respect of: a)adoption of the Income Statement and Balance Sheet and the Consolidated Income Statement and Consolidated Balance Sheet b)appropriation of the company’s earnings in accordance with the adopted Balance Sheet. c)discharge from liability for the members of the Board and the Managing Director. 10.Determination of the number of Board Members and Deputy Board Members 11.Determination of Board and Auditor fees 12.Election of Directors 13.Any other business 14.Closing of the AGM. C.DECISION ITEMS The proposal of the Board regarding appropriation of the Company’s earnings according to the adopted Balance Sheet The Board of Directors and the President/CEO propose that no dividend be paid for the financial year 2004. Non-restricted equity in the Parent Company Balance Sheet amounts to SEK 25 751 955, and the Board and President/CEO propose that this amount be transferred to profit carried forward. The Group’s non-restricted equity amounts to SEK 81.6 million. No transfer to restricted assets is proposed for the Group. The Board has been informed that “the Owner Group” consisting of Catella Holding, Catella Fonder, Didner and Gerge Aktiefond, Per Lindberg, Electro medicinska AB, Gunnar Rylander (including company holdings) and Staffan Ahlberg (including family holdings), together representing over 50 per cent of the total number of votes in the company, have agreed to approve the following proposals under Items 10, 11 and 12 of the agenda. Determining the number of Board members and Deputy Board Members (Item 10 on the agenda) The Owner Group proposes eight Members and no Deputy Members. Fees to the Board of Directors and Auditors (Item 11 on the agenda): At present, a sum of SEK 1 200 000 is paid in Board fees with SEK 200 000 to the Chairman of the Board and SEK 100 000 to each Board member, as well as additional fees totalling max. SEK 300 000 to be distributed to the members of the Audit Committee and Remuneration Committee in accordance with the decision of the Board. The Owner Group proposes an increase to a total of SEK 1 850 000, with SEK 500 000 to the Chairman of the Board and SEK 150 000 to other members, and unchanged additional fees totalling SEK 300 000 to be distributed among members of committees. It is proposed that remuneration to the Auditors be paid on the basis of a separate account, as previously. Election of Directors (Item 12 on the agenda) Following a customary dialogue with the Chairman of the Board, the Owner Group proposes the following election of the Board: Re-election of the members Staffan Ahlberg, Elisabet Annell, Johan Björklund, Kai Hammerich, Sigrun Hjelmquist, Lars V Kylberg and Stig Nordfelt. The Chairman of the Board Gunnar Rylander has declined re-election. It is proposed that Lars Nyberg be appointed the new Chairman of the Board of IBS AB. Lars Nyberg has an impressive list of qualifications and long international experience in the field of IT as Chairman and CEO of NCR in the USA for many years, and now as Chairman. Other directorships include the post of Chairman of Micronic and Board memberships of Sandvik, Autoliv and Snap On. The Board of Directors has a Remuneration Committee with three Board members, an Acquisition Committee with three Board members and an Audit Committee with two Board members. Stockholm, April 2005 The board of Directors