Micronic's Board of Directors proposes

Contact: Staffan Junel, President & CEO Micronic's Board of Directors proposes that the Extraordinary General Meeting on October 5, 1998, decides on authorising the Board of Directors to decide on a rights issue, and on a new options programme for employees The Board of Directors of Micronic Laser Systems AB (publ.) ("Micronic") decided on September 14, 1998 to call an Extraordinary General Meeting on October 5, 1998. It is proposed that the general meeting should decide to authorise the Board of Directors to take a decision on a rights issue of a maximum of 3,000,125 shares, on one or more occasions during the period up to the next annual general meeting. The Board of Directors should be able to decide on a rights issue without having to follow the preferential right for shareholders. The subscription price is to be fixed within an interval of SEK 30-50 per share. If the authorisation is utilised to the full, Micronic's share capital will be increased by a maximum of SEK 3,000,125 to a maximum total of SEK 15,000,625 and the number of shares would amount to a maximum of 15,000,625, each share at the nominal price of SEK 1. The Board of Directors has also proposed that the Extraordinary General Meeting should decide on a new options programme for employees. The options programme would cover 120,000 options with the right to subscription for the same amount of new shares. Each option gives the holder the right to subscribe for one new share at a share price of SEK 55. If all of the options are exercised, the dilution effect would be around one per cent of the share capital and votes. Micronic already has an options programme comprising 600,000 options. If both options programmes are fully exercised, the dilution effect will be around six per cent of the share capital and votes. Micronic Laser Systems in brief Micronic Laser Systems is a Swedish high-tech company engaged in the development, manufacturing and marketing of a series of extremely accurate laser writers for the production of photomasks. The technology involved is known as microlithography. Micronic's systems are used by the world's leading electronics companies in the manufacturing of television and computer displays, semiconductor circuits and semiconductor packaging components. Micronic is an expanding company. In September 1997 Micronic was awarded the prestigious "Sweden - Japan Trade Award 1996" by The Swedish Trade Council. The prize is presented to companies whose activities and operations have shown the most significant business improvements and outstanding performance in the extremely competitive Japanese market. Micronic is situated in Täby, north of Stockholm and has at present three service offices: Japan, Taiwan and the US.