PAYNOVA ANNOUNCES SEK 29M RIGHTS ISSUE

Thu, Apr 14, 2005 09:54 CET

* New financing strategy – announces SEK 29m rights issue

* Issue fully underwritten through subscription commitments and guaranties

* Rights issue with conditions (1:1) to SEK 2

* Trending higher in Q1

* Paynova employee incentive program

* New date for AGM: Wednesday, May 18, 2005

The entire press release is enclosed.