Extraordinary general meeting of AB Novestra has today approved issue of bonus shares and 5:1 share split

EXTRAORDINARY GENERAL MEETING OF AB NOVESTRA HAS TODAY APPROVED ISSUE OF BONUS SHARES AND 5:1 SHARE SPLIT An Extraordinary General Meeting of AB Novestra today unanimously approved the Board's proposal of May 3, 2000 for an issue of bonus shares, to be carried out by transferring capital from restricted reserves to share capital, resulting in an increase in the nominal value of each share from SEK 2.30 to SEK 5. In addition, the Extraordinary General Meeting unanimously decided to approve the Board's proposal to change the company's limits on share capital to a minimum of SEK 20,000,000 and a maximum of SEK 80,000,000 and to implement a 5:1 split in the company's share by changing the nominal value of the shares (following the issue of bonus shares) from SEK 5 to SEK 1 per share. The exact date of implementation of the 5:1 split will be notified around June 15, 2000. Novestra is one of the leading venture capital investment firms in the Nordic countries, primarily with a focus on companies providing enabling services to the network economy. Novestra's portfolio of companies includes Bredbandsbolaget, Continuum Group Ltd, Fanglobe Inc, IQUITY Systems, Mobilestop.com, NetSurvey, PowerNet and Qbranch. Novestras shares are traded on the OM Stockholm Exchange New Market. For further comments please contact Theodor Dalenson phone No. +46 8 545 017 50. For more information regarding AB Novestra, please refer to www.novestra.com. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/06/05/20000605BIT00930/bit0001.doc http://www.bit.se/bitonline/2000/06/05/20000605BIT00930/bit0002.pdf

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About STRAXSTRAX is a global company specializing in mobile accessories and connected devices. STRAX is listed on the Nasdaq Stockholm Stock Exchange. STRAX offers proprietary, licensed,partner branded accessories and connected devices. The proprietary brands include XQISIT, GEAR4, Urbanista, THOR, AVO+ and FLAVR. The company furthermore represents over 30 brands. The company sells to a wide channel landscape ranging from telecom operators, specialized mobile and consumer electronics retailers to online, lifestyle, convenience stores and supermarkets. STRAX was founded in Miami and Hong Kong in 1995 and has since grown significantly across the globe. STRAX has 200 employees in 12 countries and its operational HQ and logistics center is based in Germany.

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