Notice of Annual General Meeting in Micronic Laser Systems AB (publ.)

Shareholders in Micronic Laser Systems AB (publ.) are hereby given notice to attend the Annual General Meeting (AGM), to be held on Tuesday, April 5, 2005, at 5 pm at Näsby Slott (Room: Gallerian), Djursholmsvägen 30, Täby, Sweden

Participation Shareholders, who wish to participate in the AGM, must be recorded in the register of shareholders held by VPC AB (the Swedish Securities Register Centre) by March 24, 2005 and must notify the Company of their intention to participate in the AGM in writing to Micronic Laser Systems AB (publ), P.O. Box 3141, SE-183 03 Täby, Sweden, or by telephone +46 (0) 8 638 54 64, or by e-mail: ankie.jorgne@micronic.se, no later than 12 pm on Friday April 1, 2005. When doing so, shareholders shall state their name, address, telephone number, personal ID or registration number and the number of shares held. Shareholders who are represented by proxy shall include a power of attorney when they notify the Company. Representatives of legal entities will be required to present a copy of a registration certificate or equivalent document which shows who is authorized to sign for the legal entity. Shareholders who wish to bring a counsel to the AGM must notify the Company in the manner stated above. To be entitled to exercise their right to vote at the AGM, shareholders whose shares are registered in the name of a nominee through the trust department of a bank or in the name of another nominee, must temporarily register the shares in their own name with VPC. Shareholders must notify their nominee to re-register their shares well before March 24, 2005, as the re-registration must be effected by this date. Agenda for the AGM 1. Election of Chairman for the AGM. 2. Preparation and approval of the voting listfor the AGM. 3. Approval of the agenda for the AGM. 4. Election of one or two persons to approve the minutes. 5. Consideration of whether the AGM has been duly convened. 6. Speech by the Chief Executive Officer. 7. Presentation of submitted Annual Report and Auditor’s Report and of Consolidated accounts and Auditor’s Report on Consolidated accounts. 8. Resolutions (i) on the adoption of the income statements and balance sheets for the parent company and the group, (ii) on the disposition of accumulated loss as set out in the adopted balance sheet (see below), (iii) on the discharge of liability of the Board of Directors and Chief Executive Officer for the financial year. 9. Determination of fees to be paid to the Board of Directors and Auditors (see below). 10. Election of the Board of Directors (see below). 11. Election of Auditor (see below). 12. Resolution regarding a nomination committee (see below). Proposed resolutions Item 8 (ii): Proposed appropriation of accumulated loss The Board of Directors and the Chief Executive Officer propose that the accumulated loss, SEK 252,328,478 be carried forward. Item 9: Proposed remuneration to the Board of Directors and Auditors The nomination committee represented by the four largest shareholders as at the end of 2004, Industrifonden (Lars Öjefors), Robur (Göran Villner), Fjärde AP Fonden (Annika Andersson) and Investor (Håkan Jansson) proposes that the remuneration to the Board of Directors amount to SEK 1,275,000 for the period running until the end of the next AGM, to be distributed between the Directors upon the Board's own decision. In addition, the nomination committee proposes that the remuneration to the Directors with an assignment in the remuneration committee and auditing committee amount to maximum SEK 300,000 to be distributed with SEK 50,000 per Director and assignment for the period running until the end of the next AGM. The nomination committee also proposes that the auditors’ fee for the period running until the end of the next AGM is taken on current account. Item 10: Election of Board members The nomination committee proposes re-election of the Board Members Jörgen Centerman, Hans Fletcher, Sven Löfquist, Göran Malm, Lars Nyberg, Lena Thorell, Christer Zetterberg and Lars Öjefors for the period running until the end of the next AGM. No deputy Board Member is proposed for election. Shareholders representing approximately 32 percent of the capital and votes in the Company have notified the Company that they intend to support the proposal of the nomination committee regarding election of board members at the AGM. Item 11: Election of Auditor The nomination committee proposes re-election of the authorized public accountant Per Fridolin for the period running until the end of the AGM 2009. Item 12: Nomination committee Shareholders representing approximately 32 percent of the capital and votes in the Company propose that the Company shall have a nomination committee. The main contents of the proposal, which in its entire wording will be available at the Company at Nytorpsvägen 9 in Täby (Sweden) at least one week before the AGM, reads as follows. The task of the nomination committee of the Company shall be to propose (i) chairman for the AGM, (ii) chairman and other members of the board, (iii) remuneration to the board of directors divided between chairman and other members of the board and remuneration for assignments in committees and (iv) election of and remuneration to the auditors of the Company. The nomination committee shall consist of representatives of the four largest shareholders as at the end of September and the Chairman of the Board. ________________________ The annual report and the auditor’s report will be available at the Company at Nytorpsvägen 9 in Täby (Sweden) as from March 22, 2005 and will be sent to those shareholders who so request and who leave their mailing addresses to the Company. Täby, Sweden, March, 2005 Micronic Laser Systems AB (publ) The Board of Directors