The extraordinary general meeting of New Wave Group AB

The extraordinary general meeting of New Wave Group AB (publ) approved the proposal of the Board of Directors, today authorising an issue of new shares in conjunction with New Wave's offer to the shareholders of Texet AB (publ). The extraordinary general meeting of New Wave Group AB (publ) ("New Wave") today authorised an issue of new shares in connection with New Wave's public offer for the acquisition of shares of Texet AB (publ) ("Texet"). This decision means that New Wave will issue up to 556,994 Series B shares, each of which will have a par value of 2 SEK. This new issue will increase the number of Series B shares to a maximum of 2,095,168. The increase in share capital will require that (1) the Company succeeds in obtaining more than 90 percent of the total number of shares and votes in Texet (subject to right of the Board of New Wave to decide to issue the shares even at with a lower percentage of acceptance), (2) that the Company's acquisition of shares in Texet through the new issue is not wholly or partially made impossible or unfeasible as the result of legislation, judicial action, government decision, or other similar reasons, in Sweden or abroad, which exists or is expected at the time of the decision, and (3) that no dividend is declared by Texet for the 1999 fiscal year. For additional information, please contact: Torsten Jansson, Managing Director, 0708-99 80 50, +46 33-22 58 55 or Jörgen Bender, Financial Manager, 0708-99 80 55, +46 33-22 58 54. Borås, April 3, 2000 New Wave Group AB (publ) Torsten Jansson Managing Director ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/03/20000403BIT00570/bit0001.doc http://www.bit.se/bitonline/2000/04/03/20000403BIT00570/bit0002.pdf