Nocom issues new shares for expansion

Nocom is conducting a new share issue valued at SEK 18.0 million directed primarily to institutional investors. The emission is in accordance with a decision by Nocom's board of directors from May 3, 2004 and by authority of the annual general meeting, April 26, 2004. The directed emission is being made to finance the acquisition of the Danish company Tempest A/S and to strengthen ownership composition. The new issue concerns 3,757,000 series-B shares and entails dilution of 9.1 percent for votes and 11.7 percent for capital. After the new issue, there will be 1,000,000 A-shares and 31,045,504 B-shares. "That Nocom is a stable and profitable company has created the prerequisites for expansion. The new share issue and acquisition lay the foundation for further growth without jeopardizing our goal of long-term profitability," says Stefan Skarin, CEO, Nocom. "It is very satisfying that Nocom is attracting new institutional investors. The strengthened ownership composition is very positive for Nocom and for the shareholders," says Christer Magnusson, Nocom's Chairman of the Board. Kaupthing Bank Sverige is Nocom's financial advisor for the transaction. For more information, please contact: Stefan Skarin, CEO, Nocom cell: +46 708 65 10 05 e-mail: Christer Magnusson, Chairman of the Board, Nocom cell: +46 708 - 55 34 77 e-mail: