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  • Ponderus Technology AB controls approximately 65.6 percent of the shares in Technology Nexus AB (publ) and further extends the acceptance period

Ponderus Technology AB controls approximately 65.6 percent of the shares in Technology Nexus AB (publ) and further extends the acceptance period

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The Offer is not being made (nor will any tender of shares be accepted from or on behalf of holders) in any jurisdiction in which the making of the Offer or the acceptance of any tender of shares therein would not be made in compliance with the laws of such jurisdiction or where the completion or acceptance of the Offer requires any further offer document, filings or other measures in addition to those required under Swedish law. The Offer is not being made, directly or indirectly, in or into the United States of America, Australia, New Zealand, Canada, Japan or South Africa. This document is an English translation of the Swedish language press release announced on 9 June 2009. In case of any discrepancies between the Swedish language press release and this English translation, the Swedish language press release shall prevail.

In accordance with the rules on mandatory offers in the Swedish Act on Public Takeover Offers on the Stock Market (Sw. lag (2006:451) om offentliga uppköpserbjudanden på aktiemarknaden), Ponderus Technology AB (“Ponderus Technology”) announced on 3 April 2009 a mandatory cash offer to the shareholders of Technology Nexus AB (publ) (“Nexus”) to transfer all their shares in Nexus to Ponderus Technology (“the Offer”). During the initial and extended acceptance periods, that has run from and including 28 April 2009 until and including 4 June 2009, the Offer has been accepted by shareholders of 567,810 shares in Nexus, corresponding to approximately 11.9 percent of the shares and votes in Nexus. At the end of the extended acceptance period, Ponderus Technology’s total holding of shares in Nexus, including shares from acceptances in the Offer and shares that have been acquired by other means than through the Offer, amounted to approximately 3,137,058 shares in Nexus, corresponding to approximately 65.6 percent of the shares and votes in Nexus. In order to offer the shareholders in Nexus who have not yet accepted the Offer the opportunity to participate in the Offer, Ponderus Technology has decided to further extend the acceptance period until 30 June 2009, 5:00 p.m. (CET). Settlement for the shareholders who have accepted the Offer during the extended acceptance period ending on 4 June 2009 is expected to commence on or about 12 June 2009. In a press release dated 7 May 2009, the interest organization the Swedish Shareholders’ Association (Sw. Aktiespararna) recommended its members to accept the Offer. On 28 April 2009, the board of directors of Nexus published its statement in relation to the Offer. The statement has been distributed to the directly registered shareholders in Nexus and is available on www.fi.se, www.carnegie.se, and http://nordic.nasdaqomxtrader.com/trading/equities/PonderusTechnology. As previously communicated Ponderus Technology intends to promote a de-listing of the Nexus share from OMX provided such de-listing may be made in accordance with applicable rules and regulations. If Ponderus Technology becomes the owner of more than 90 percent of the shares in Nexus, Ponderus Technology might initiate a compulsory acquisition procedure under the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)) to acquire all remaining shares in Nexus. Ponderus Technology may also acquire further shares in Nexus on the stock market.

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