NOTE — AGM Information 2011

May 26, 2011

Invitation to an Extraordinary General Meeting of NOTE AB (publ) on 21 June 2011

As part of the structural measures completed during UAB, Lithuania, was transferred to other units in the group. The operations in Tauragé were closed at year-end 2010/2011. In order to speed up the closure of the legal entity, an agreement has been signed to sell all shares in NOTE Tauragé UAB. which the manufacturing previously was conducted. Virginijus Liepis, Managing Director of the company positive impact on NOTE's operating profit. is caused due to chapter 16 of the Swedish Companies Act, the so 2010, manufacturing in NOTE Tauragé , end res UAB. The company owns he conducted. The buyers are two individuals, one being company. The divestment will have a limited Consequently, the Extraordinary General Meeting called Lex Leo. owns the property in Leo.

Shareholders are hereby invited to an Extraordinary General Meeting (EGM) of NOTE AB (publ), corporate identity number 556408 office, Vendevägen 85 A, Danderyd, Sweden. ity 556408-8770, at 11:00 am on Tuesday 21 June 2011 at NOTE's head

Rights for participation at the Meeting

Shareholders that wish to participate in the Meeting should - firstly, be included on the share register maintained by , by Euroclear Sweden AB as of 15 June 2011 ar 2011,

• secondly, notify the company of their intention to participate at the Meeting at the following address: NOTE AB, Box 711, 182 17 Danderyd, Sweden, or by telephone on + info@note.eu by no later than Wednesday 15 June 2011 corporate names, personal or corporate identification numbers, number of shares and addresses and telephone numbers. 46 (0)8 568 2011. Notifications should state personal or 568 99000, or by e-mail: . registered through the

For entitlement to participate at the Meeting, shareholders with nominee temporarily re-register their shares in their own name in good time before agency of their nominee. ent nominee-registered holdings should register 15 June 2011

Shareholders that wish to bring one or tw and manner applying to shareholders. two assistants should notify the company thereof in the time

The number of shares and votes of the company amounts to 28,872,600 as of this date.

Proxy

Shareholders represented by proxy shall issue the power of attorney is issued by a legal entity, a certified copy of the certificate of incorporation or corresponding documentation for the legal entity should be attached. The may not be more than six months incorporation should be submitted by mail to the company before the Meeting. dated powers of attorney for their representatives. If certificate of incorporation old. The original power of attorney and potential certificate of o ney ertificate

Business of the Meeting

• 1. Opening the Meeting.
• 1. Electing the Chairman and Secretary of the Meeting.
• 1. Preparing and approving the voting list.
• 1. Approval of the Board of Directors' proposed agenda.
• 1. Election of one or two persons to verify the minutes.
• 1. Consideration of whether the Meeting has be been duly convened.
• 1. Approval of the Board of Directors' proposal to sell all shares in NOTE Tauragé UAB.
• 1. Closing the Meeting.

Approval of the Board of Directors' proposal to sell all shares in NOTE Tauragé UAB UAB (point 7)

As part of the structural measures completed during 2010, manufacturing in NOTE Tauragé Lithuania, was transferred to other units in the group. The operations in Tauragé were closed at year end 2010/2011. Tauragé UAB, year-

In order to speed up the closure of the legal entity, an agreement has NOTE Tauragé UAB. The company owns the property in which the manufacturing previously was conducted. The buyers are two individuals, one being Virginijus Liepis, Managing Director of the company. His employment within NOTE been signed to sell all shares in . terminates during the second quarter 2011.

The divestment will have a limited positive impact on NOTE's operating profit. of the Board, the proposed divestment Tauragé UAB, and the divestment of the property. As per the assessment , divestment is the most cost-efficient way to complete the closure of of NOTE

Consequently, the Extraordinary General Meeting is caused due to chapter 16 of the Swedish Companies Act, the so called Lex Leo.

Documentation of the Meeting

The complete decisions of the Board of Directors and other documentation required according to the Swedish Companies Act will be available from the company at Vendevägen 85A, Danderyd, Sweden from 31 May 2011 onwards. Documentation will be sent to those sh state their personal or e-mail address. , shareholders that request this and mail areholders

The Board of Directors NOTE AB (publ) Danderyd, Sweden, May 2011

_____________________

For more information, please contact:

Peter Laveson, CEO and President, tel. +46 (0)8 568 Henrik Nygren, CFO, tel. +46 (0)8 568 99003, +46 (0)70 977 0686 99006, +46 (0)70 433 9999

About NOTE

NOTE is one of the leading manufacturing partners for outsourced electronics production Nordics. NOTE produces PCBs, whole product lifecycle, from design to after the UK, Estonia and China. In 2010, net sales were SEK 1,211 million; the group has approximately 1,000 employees. NOTE is listed please go to www.note.eu. sub-assemblies and box-build products. NOTE's offering co after-sales. NOTE has a presence in Sweden, Norway, Finland, TE listed on the NASDAQ OMX Stockholm Exchange. For more information, production in the . covers the