Extra General Meeting May 2008

Report from Extraordinary General Meeting in IBS AB on May 20th

At an Extraordinary General Meeting (EGM) in IBS AB on May 20, 2008, the following was unanimously decided:

Decision regarding rights issue with preferential rights for the shareholders
The company’s share capital shall be increased by not more than SEK 8,360,803 through an issue of not more than 1,575,000 class A shares and 40,229,015 class B shares.

The shareholders shall be entitled to subscribe for new shares with preferential rights, whereby two class A shares shall entitle to subscription for one new class A share and two class B shares shall entitle to subscription for one new class B share (primary preferential rights). Shares not subscribed for with primary preferential rights shall be offered to all shareholders for subscription (secondary preferential rights). Any remaining shares shall be allocated to the underwriters of the issue, Deccan Value Advisors Fund L.P., A/D Value Fund L.P., Y/D Value Fund L.P. and Deccan Value Advisors Fund Ltd (“Deccan”) (or any other entity controlled by Deccan).

The record day for participation in the issue shall be June 5, 2008. The subscription for shares shall be made during the period June 10 – 27, 2008. The subscription price shall be SEK 9.50 per share.

Authorization for the Board of Directors to decide on the issue of new shares
The EGM also decided to authorize the Board, with deviation from the shareholders’ preferential rights, to issue new class B shares as payment of commission for guarantees issued by the underwriters in the proposed rights issue. Payment for shares shall be possible through set-off. The authorization shall be valid until the next Annual General Meeting of the company.

The complete minutes from the Meeting will be available on IBS corporate website, www.ibs.net/investors

For more information, please contact:

Camilla Moore, Information Director, IBS AB
Tel : +46-70-555 12 39

IBS (OMX Nordic Exchange STO: IBS) is a leading provider of specialized business systems for specific industries such as publishing and book distribution, pharmaceutical distribution, electronics, paper, food and the automotive industry. IBS focuses on large and mid-sized companies within supply chain management, demand-driven manufacturing, customer administration and financial control. For further information, visit www.ibs.net


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