Report from IBS' AGM on 3 May, 2001

Report from IBS' Annual General Meeting, 3 May, 2001: Continued and increasing interest in IBS' business software - considerable improvement of operating profit expected At IBS' Annual General Meeting on 3 May, CEO Staffan Ahlberg confirmed that interest in investing in new Internet-based supply chain and CRM software continues to grow. - Many companies are experiencing weaker demand and now wish to exploit new technology to reduce costs and improve their competitiveness. Even if our April figures are not yet finalised, indications are that our operative result for the second quarter will be significantly better than the equivalent period 2000, said Staffan Ahlberg. - IBS plans to continue its acquisition strategy. We can now benefit from our strong financial position, at a time when price tags are reasonable and there are many interesting objects for sale, said Ahlberg, who also reported that US operations, which caused IBS a larger non-budgeted loss during the first quarter, will not be abandoned. - We lost a lot of money in the US during the first quarter, and the issue is being discussed. However, the conclusion must be that even if the situation in the US is tough and costs us, there is little point in withdrawing only to return later. Looking back, we have earned a lot of money in the US, and many of our target market companies are based there, said Ahlberg. IBS continues its successful strategy of focusing the ASW business software, oriented towards sales, logistics and Supply Chain Management. Functionality for the new type of e-business based on collaboration between supply chain partners is integrated in the software. IBS is using IBM's WebSphere development environment for certain parts of new functionality being added to the ASW product range, and the new Virtual Enterprise software has been very well-received in the market. Elisabet Annell and Johan Björklund were elected as new members of the Board, replacing Sigrun Hjelmquist and Kåre Gilstring, who had declined re-election for personal reasons. The following members were re-elected: Kai Hammerich, Lars V Kylberg, Stig Nordfelt, Gunnar Rylander and Staffan Ahlberg. The AGM also approved the Annual Report as presented and agreed to discharge the Board of Directors and the Managing Director from liability for the financial year 2000. At the Board Meeting following the AGM, Gunnar Rylander was re-appointed Chairman of the Board. Furthermore, the AGM decided to adopt the Board's proposal that no dividend be paid for 2000, as well as the proposal of authorisation for the Board to perform one or several directed new issues, corresponding to approximately ten per cent of the share capital before dilution. Following the latter decision, the number of shares/convertible debt instruments/warrants will increase by a maximum 7,9 million until the time of the next AGM. The number of shares has developed as follows: 2001-01-01 79,150,000 (whereof 3,150,000 A shares and 76,000,000 B shares) 2001-05 500,000 (non-cash issue of B shares) Total 79,650,000 (whereof 3,150,000 A shares and 76,500,000 B shares) In addition, there are 10 million warrants, issued in two programs of 5 million warrants each. For more information, please contact: Staffan Ahlberg, CEO, IBS Group Tel: +46 8 627 2420, eller +46 70 627 2420 email: staffan.ahlberg@ibs.se Magnus Wastenson, VP Global Marketing, IBS Group Tel: +46 8 627 2515 eller +46 70 627 2515 email: magnus.wastenson@ibs.se IBS AB, with headquarters in Stockholm, is listed on the Stockholm Stock Exchange. The IBS Group is a world-leading international supplier of web- enabled business and supply chain management software and professional services for large and mid-sized companies. IBS has some 2,300 employees and 5,000 customers in more than 40 countries. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/04/20010504BIT00850/bit0003.doc http://www.bit.se/bitonline/2001/05/04/20010504BIT00850/bit0003.pdf