Announcement from Technology Nexus AB (publ) Annual General Meeting on 5th of May 2009

The Shareholders of Technology Nexus AB (publ), held the Annual General Meeting on Tuesday 5th of May 2009, in Stockholm, Sweden. This is a summary of the most important decisions made by the Annual General Meeting.

Annual report
The annual report and the auditor’s report as well as the consolidated annual report and the auditor’s group report were presented. The income statement and the balance sheet for both the parent company and the consolidated group were accepted by the Meeting.

Discharge from liability
The Meeting discharged the members of the Board and the CEO from liability.

Fees
The fees to be paid to the Board of Directors were set by the Meeting at a total of SEK 500,000 (preceding year: 750,000), with SEK 200,000 to the chairman and SEK 100,000 to each of the other members. It was resolved that the fees to the accountants would be paid in accordance with approved invoices.

Board of Directors
The Meeting decided to re-elect Göran Öjersson and to elect Michael Olsson, Thomas Jonsson and Sven Rasmusson as new members of the Board. Michael Olsson was elected new Chairman of the Board.

Accountant
The Meeting decided to re-elect Deloitte AB in Stockholm as accounting firm with the chartered accountant Kent Åkerlund as head accountant.

Nomination Committee
The Meeting resolved to establish a Nomination Committee for the next Annual General Meeting. The three largest shareholders in the company will appoint one representative each, who together with the Chairman of the Board shall comprise the Nomination Committee. The composition of the Nomination Committee shall be communicated six months at the latest before the Annual General Meeting in 2010.

Guidelines for remuneration of the senior management
The Meeting approved the guidelines proposed by the Board regarding remuneration to the President and other leading officials in the senior management.

Authorization to decide on new issues
The Meeting resolved to authorise the Board, for the period until the next Annual General Meeting, at one or more occasions, to increase the company’s share capital by issuing shares, convertible loans and/or warrants, to a maximum total of SEK 500,000, equivalent to a maximum of 500,000 new shares.

Conditional amendment of the articles of association
The Meeting decided, as proposed by the board, to adjust the articles of association as regards notices of general meetings to new regulations expected to come into force before the AGM 2010. The adjustment is however conditioned by such legislation taking effect. According to the new rules, notice of general meeting can be advertised in Post och Inrikes Tidningar and on the company’s web site.

Presentation by the CEO
In his presentation, Technology Nexus’ CEO, Peter Gille, reported on the Group’s development during the fiscal year of 2008 and including the Q1 report, 2009.

Stockholm, May 5, 2009
Technology Nexus’ AB (publ)