Ahead of the Annual General Meeting in Precise Biometrics AB

The Annual General Meeting will be held at 4 p.m. on Wednesday April 27, 2011, at Precise Biometrics premises, Scheelevägen 30 in Lund, Sweden.

An agenda containing the matters that are proposed to be brought before the Meeting is included in the official notice to attend the Meeting, which is appended this press release and which will be published on March 30, 2011 in Post- och Inrikes Tidningar and at Precise Biometrics web page.  A notice that such advertisement has been made will be published in Svenska Dagbladet on March 30, 2011.

As will be seen from the notice, inter alia the following proposals are submitted regarding matters at the Meeting:

• The Meeting is proposed to approve the resolution of the decision of the Board to a new share issue with preferential rights for the shareholders.

• The Meeting is proposed to approve the proposal for an incentive program to management and key-employees by the issue of warrants.

• The Board proposes that the Meeting resolves on guidelines for remuneration to management in accordance with the Board’s proposal, which main terms are set out in the notice.

• The Nomination Committee proposes, as regards the board, re-election of Marc Chatel, Torbjorn Clementz, Eva Maria Matell, Lisa Thorsted and Lena Widin Klasén, with Lisa Thorsted as the Chairman.

• The Meeting is proposed to approve the resolution of the Board to resolve upon an increase of the share capital, with deviation from the shareholders’ preferential rights, with a maximum of SEK 5, 4 million by issuing a maximum of 13, 5 million shares, which at full exercise is equivalent to a dilution of 10 %. The purpose of the authorisation and the reason for the deviation from the shareholders’ preferential rights is to enable the company to effect payment of company acquisitions by the company’s own shares and/or convertible bonds and to obtain capital contributions from new owners that are strategically important.The further terms and conditions are set forth in the notice.

• As regards other proposals, please be referred to the appended notice.

For more information
Patrik Norberg, CFO
Precise Biometrics AB Tel: 46 46 31 11 47 or 46 734 35 11 47
E-mail: patrik.norberg@precisebiometrics.com

Precise Biometrics is a market-leading provider of products and solutions for fingerprint recognition. The technology proves people's identities in a fast and secure way, while it reduces costs related to password management, identity theft and fraud. 

Precise Biometrics serves business and government organizations throughout the world and its technology is licensed to close to 100 million users. Precise Biometrics is listed on NASDAQ OMX Stockholm small cap list (PREC).

For more information, please visit www.precisebiometrics.com

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