Annual General Meeting – Pricer AB 2005

Pricer´s Annual General Meeting was held April 15, 2005. The following decisions were taken. Election of Board of Directors Jan Forssjö, Salvatore Grimaldi, Michael S Juuhl, Göran Lindén and Margareta Norell Bergendahl were unanimously re-elected as board members. At the board meeting following election Salvatore Grimaldi was elected as Chairman of the Board. Adoption of new Articles of Association The Annual General Meeting amended the company’s Articles of Association to state that the Company’s share capital shall be not less than SEK 50,000,000 and not more than SEK 200,000,000. Issue of shares with the right of preference for the shareholders The Annual General Meeting approved the Board of Directors’ decision on 17 February 2005 to increase Pricer’s share capital by not more than SEK 18,681,161.30 through a new issue of not more than 186,811,613 B shares at a nominal value of SEK 0.10 each. The Company’s shareholders shall have the right of preference to subscribe to new shares. The rule for this is that shareholders shall be entitled to subscribe to one (1) new B share for every three shares regardless of class of share. The issue price shall be SEK 0.50 per share. Subscription of shares with the right of preference shall be made in cash during the period 25 April – 10 May 2005. The record day for participation in the new issue shall be 20 April 2005. Issue of shares without the right of preference for the shareholders The Annual General Meeting decided in accordance with the Board of Directors proposal that Pricer’s share capital will be increased by not more than SEK 134,766.70 through a new issue of not more than 1,347,667 B shares at a nominal value of SEK 0.10 each. The right to subscribe to shares shall, with a departure from the shareholders’ right of preference, solely be due to Sagri Development AB. The issue price was set to SEK 1.04. Subscription of shares shall be made in cash or through set-off not later than 31 May 2005. The share issue shall be directed at members of the consortium which has guaranteed that the rights issue stated above is fully subscribed. The guarantors have undertaken to accept payment in the form of newly issued B shares in compensation for the provided guarantees. Authorisation of issues The Annual General Meeting decided in accordance with the board´s Proposal that the AGM authorises the board to make decisions, on one or several occasions, to issue not more than 12,500,000 series B shares during the period until 30 June 2005. The Board should be able to decide on a new issue with a departure from the shareholders’ right of preference with or without a provision for a set-off or otherwise with conditions. The authorisation is intended to be utilised to direct issues of shares to the other members of the consortium which has guaranteed that the rights issue stated above is fully subscribed. The guarantors have undertaken to accept payment in the form of newly issued B shares in compensation for the provided guarantees. The issue price shall be set taking into account the current share price at the end of the subscription period. In addition, The Annual General Meeting decided in accordance with the board´s Proposal that the AGM authorises the board to make decisions, on one or several occasions, to issue not more than 20,000,000 series B shares until the date of the next Annual General Meeting. The Board should be able to decide on a new issue with a departure from the shareholders’ right of preference with or without a provision for a non-cash issue. The reason for a departure from the right of preference and non-cash issue is to enable the Company to issue shares in connection with the acquisition of companies, operations and rights. For further information, please contact: Jan Forssjö, President and CEO, Pricer AB: +46 8 505 582 00