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 0.90 per share with 1 June 2006 as record date - Re-election of Håkan Thylén, Torsten Jansson and Hans Johansson as board members and new-election of Maria Andark as board member - Changes in the company’s articles of association, mainly consisting of possibility to have shareholders’ meetings on several places and adjustments to the new rules in the new Companies Act - Authorization of the board to make a new issue of up to 6 000 000 shares of class B in the company, with or without shareholders subscription privilege and with or without stipulation of capital contributed in kind, setoff or other stipulation as mentioned in Chapter 13 § 5 item 6 in the Companies Act - Authorization of the board to take up financing of a kind that is covered by the rules in Chapter 11 § 11 in the Companies Act Complete documentation regarding the issues mentioned above is available at the company. Borås, 29 May 2006 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