Notice of Extraordinary General Meeting in SCN

The Board of Scandinavian Clinical Nutrition AB (SCN) today decided to propose an Extraordinary General Meeting to offer the holders of the convertible bonds issued in May 2008 and one of the company’s major creditors to buy shares in Scandivir AB through a settlement of claims.

As previously communicated, SCN has initiated an extensive program designed to reduce the company’s costs and risks compared to previous years, to counter the current financial crisis and prepare the company for future challenges. An important part of the program is to reduce the company’s debt load. If all the creditors accept the offer, it will decrease SCN’s debt load and increase the capital base substantially.

The notice in full to the Extraordinary General Meeting can be found in the attached pdf file, which also will be available on the company’s website www.scnutrition.com from March 17 onwards. The pdf file also contains an attendance form and a proxy form.