Anoto Group — M&A Activity 2011

Jul 26, 2011

PRE SS RELEASE 201 1 - 0 7 - 2 6

Anoto establishes a Joint Venture in Asia for product and business development

Lund, July 26, 2011 – Anoto has established a joint venture, Pen Generations Inc., in Asia together with TStudy, a subsidiary of TStone Corp. and Amicus Wireless Technology, a subsidiary of SOLiD Technologies Inc. traded on the Seoul Stock Exchange. Pen Generations Inc. will be head quartered in Seongnam, Korea.

Pen Generations Inc. will develop digital pens, components and other products based on Anoto technology that primarily will be sold through Anoto and TStudy. The joint venture will also develop Anoto's business in Asia and sell products based on Anoto technology direct to customers and partners. TStudy's license to develop digital pens is transferred to Pen Generations Inc.

• This is a milestone in developing and growing Anoto's business, says Torgny Hellström, CEO Anoto Group AB. Anoto gets access to all the influences from one of the most vivid technology centers in the world and a stronger presence in Asia. With the financial resources of our joint venture partners, the pace in product development will increase significantly. We expect more new products to come out.
• Through Pen Generations, Anoto will be able to advance business development in one if the fastest growing technology markets but also add customer oriented education and consumer application software to its business, says Stanley Park, CEO TStudy.
• We see tremendous opportunities utilizing Anoto functionality outside present application areas such as forms solutions and education, for instance within the telecom sector, says Dr. Joon Chung, CEO SOLiD Technologies.

Anoto licenses its technology to Pen Generations Inc. and will initially hold 19% of the shares in the company. TStudy and Amicus Wireless Technology will initially each hold 40,5% of the shares. TStudy and Amicus Wireless Technology will finance Pen Generations Inc. and its operations. Anoto has a call option to acquire shares from TStudy and Amicus Wireless Technology in 2014 to increase its ownership to 51% of the shares in Pen Genrations Inc.

Anoto Group AB may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 11.45 on July 26, 2011.

For more information please contact:

Torgny Hellström, CEO Anoto Group AB Tel: +46 (0)733 45 13 00

About Anoto Group

Anoto Group is the company behind and world leading in the unique technology for digital pen and paper, which enables fast and reliable transmission of handwritten text into a digital format. Anoto operates through a global partner network that focuses on user-friendly solutions for efficient capture, transmission and storage of data within different business segments, e.g. healthcare, bank and finance, transport and logistics and education. The Anoto Group has around 80 employees, offices in Lund (head office), Boston and Tokyo. The Anoto share is traded on the Small Cap list of OMX Nordic Exchange in Stockholm under the ticker ANOT. For more information: www.anoto.com.

About TStudy

TStudy is an integrated education technology company. In addition to various online education software platforms, TStudy's products incorporate Anoto's digital pen and dot pattern technology to turn traditional one-way lecture based learning environments into truly interactive learning environments. TStudy's products are currently sold in Asia, Europe and the US both in public and private schools. For more information: www.tstudycorp.com

About SOLiD Technologies

SOLiD Technologies (KOSDAQ: A050890) is a leading communication system provider in Korea for various wireless networks, including GSM, CDMA, WCDMA, digital multimedia broadcasting (DMB), and Mobile WiMAX. With over 120,000 units deployed, SOLiD Technologies is now becoming the major system provider for wireless and broadcasting operators in Japan, U.S.A, and Europe. For more information: http://www.st.co.kr