Annual general meeting in New Wave Group AB (publ)

At the annual general meeting in New Wave Group AB today, the following was decided, among other things: - Dividend to the shareholders of SEK 1.50 per share with 17 May 2005 as record date. - Re-election of Håkan Thylén, Torsten Jansson, Lennart Bohlin and Hans Johansson as board members. - Reduction of the shares par value from SEK 6 to SEK 3 (Split 2:1) with 10 August 2005 as record date, meaning that 8 August 2005 will be the first trading day applying the new par value - Authorization of the board to make a new issue of up to 6 000 000 shares of class B in the company with a par nominal value of SEK 3, with or without shareholders subscription privilege and with or without stipulation of capital contributed in kind, setoff or other stipulation as mentioned in Chapter 4 § 6, first paragraph, in the Companies Act. - A loan up to a limit of SEK 25 will be raised through the issue of debentures to the subsidiary New Wave Retailing Stockholm AB coupled with 1 500 000 separable share option rights for subscription up to a limit of 1 500 000 new B-shares having a par value of SEK 3 in the company. Also the further transfer of the separated share option rights from New Wave Group Incetives AB to employees in leading positions within the group were approved. Complete documentation regarding the issues mentioned above is available at the company. Borås, 12 May 2005 New Wave Group AB (publ) The Board For more information, please contact: Torsten Jansson CEO, New Wave Group Tel: +46 (0)708 99 80 50, +46 (0)303 24 65 01 Göran Härstedt dCEO, New Wave Group Tel: +46 (0)708 99 80 17, +46 (0)303 24 65 02