BIOLIGHT SELLS SHAREHOLDING IN COREM AND GIVES NOTICE OF ITS AGM

(NGM: BIOL MTF)

Biolight has now sold all its shares in Corem Property Group AB, acquired in connection with the conversion of old Biolight International AB to the property company Corem Property Group AB. This transaction provides Biolight with approximately SEK 8 million.

Biolight also gives notice of its General Annual Meeting, to be held on May 8 at 1 p.m.

“The disposal of our holding in Corem Property Group,” comments Biolight President Claes Holmberg, “completes the hiving-off of the old Biolight International operations into a new Biolight with a stronger balance sheet. The transaction provides us with approximately 8 million SEK and creates an excellent basis for an interesting 2008.”

For further information, please visit Biolight’s web site at www.biolight.se or contact

Claes Holmberg, President of Biolight AB, +46 8 622 52 70, +46 708 25 45 47, e-mail: claes.holmberg@biolight.se