NOTE — AGM Information 2011

Mar 28, 2011

Press Release, Danderyd, Sweden, 28 March 201 2011

Invitation to the Annual General Meeting of 28 April 2011 Shareholders of NOTE AB (publ),

The shareholders of NOTE AB (publ), corporate attend the Annual General Meeting of Shareholders at 11:00 am on T Spårvagnshallarna, Birger Jarlsgatan 57A, Stockholm, Sweden. identity number 556408-8770, are hereby invited to Thursday, 28 8770, April 2011 at

Entitlement to participate in the Annual General Me Meeting

Shareholders wishing to participate at the Annual General Meeting of Shareholders shall:

• be registered in the share register maintained by Euroclear Sweden AB by no later than Wednesday, 20 April 2011,

• notify their intention to participate at t 711, 182 17 Danderyd, Sweden or by telephone on +46 (0)8 568 99000, or e no later than 4:00 pm on Wednesday, 2 names, personal or corporate identity numbers, number of shares and address and telephone numbers. the Annual General Meeting of Shareholders to NOTE AB, Box e-mail: info@note.eu, by 20 April 2011. Notifications shall include personal or corporate he mail: . nominee-registered

For entitlement to participate in the Annual General Meeting, shareholders with nominee holdings should temporarily re-register their shares in th agency of the nominee in good time prior to 2 ames, register their own name in the share register through the 20 April 2011.

Shareholders wishing to bring one or two assistants must notify the company thereof in the time and manner applicable for shareholders.

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

Representatives, power of attorney etc , etc.

Shareholders represented by proxy must issue such power of attorney is issued by a legal entity, certified copies of the certificate of registration or equivalent authorisation must be submitted. Powers of attorney and registration certificates ma be more than one year old. Original powers of attorney and registration certificates should be submitted to the company by mail prior to the Annual General Meeting of Shareholders. a dated power of attorney for the representative. If eir 00 may not

A form power of attorney is available for download at the company's w website, www.note.eu ebsite, www.note.eu.

PROPOSED AGENDA

• 1. Opening the Meeting.
• 1. Electing a Chairman and a person to keep the minutes of the Meeting.
• 1. Preparation and approval of the voting list.
• 1. Approval of the Board of Directors' proposed agenda.
• 1. Election of one or two people to verify the minutes.
• 1. Consideration of whether the Meeting has been duly convened.
• 1. Report on the work of the Board of Directors.

• Submission of the annual accounts, audit report, consolidated accounts and the consolidated audit 9. Resolutions report.

a) on the adoption of the Income Statement and Balance Sheet and the Consolidated Income Statement and Consolidated Balance Sheet

• b) on the appropriation of the company's profits or losses in accordance c) on discharging the members of the Board of Directors and the Chief Executive Officer from liability. with the adopted Balance Shee Sheet
• 1. Establishing the number of Board Members to be elected by the Annual General Meeting.
• 1. Establishing remuneration to the Board of Directors and auditors.
• 1. Election of the Board of Directors Directors.
• 1. Establishing the guidelines for for remunerating senior executives.
• 1. Resolution on amendment of the Articles of Association.
• 1. Other business due at the Meeting according to the Swedish Companies Act or the Articles of Association.
• 1. Closing the Meeting.

Nomination Committee

The Nomination Committee of NOTE has consisted of Öresund and Chairman of NOTE AB and board member of NOTE AB Strömsten (representing Catella Fondförvaltning been Ulf Strömsten. Stefan Charette (representing Investment AB AB (publ)), Bruce Grant (representing Garden Growth (publ)), Christer Sandberg (representing CLS Holdings plc Fondförvaltning). The Chairman of the Nomination Committee Capital LLC plc), and Ulf Committee has

Nomination Committee proposals ( (items 2, 10, 11 and 12)

1. Stefan Charette is proposed as Chairman of the Meeting Meeting.

2. The Board of Directors is proposed to consist of 11. Proposed directors' fees for the period until the end of the next Annual General Meeting are a total of SEK 660,000, which is SEK 100,000 less than last year fees is as follows: fees for the Chairman SEK 200,000 member. Additionally, SEK 60,000 is proposed for allocation between members of Committees pursuant to the Chairman of the Board's decision. Board members employed by the company will not receive Directors' fees. Overall, this implies that the proposed fee levels per member are unchanged in comparison with the previous year 12. Re-election of the following Board members is proposed Bruce Grant and Henry Klotz. Election of Stefan Johansson is proposed. as Chairman. tors five ordinary members without deputies. , year. The proposal for allocating the Directors' 200,000 and fees for other members verall, year. Auditors' fees are proposed according to open account. election proposed: Kjell-Åke Andersson, . Stefan Charette . ees SEK 100,000 per Åke Stefan Charette, Charette is proposed

Board of Directors' proposal (item 1 13)

1. The Board is proposing that the guidelines for remunerating senior executives as adopted AGM 2010 are adopted without amendment for 201 . 2011. by the

Resolution to amend the Articles of rticles Association (item 14)

1. The Board of Directors propose effect that the rules for convening the shareholders' meeting is adjusted in order to comply with the changes of the Companies Act (Sw. to convene a shareholders' meeting shall be Inrikes Tidningar) and on the company' Dagbladet that a shareholders' meeting has been convened. general update and a change of the time to convene an E the changes in the Companies Act. proposes an amendment in section 8 of the Articles of Aktiebolagslagen). The proposed change implicates that be published in the Official Swedish Gazette ( company's website, and that a notice shall be published convened. The proposed change also include ange Extraordinary General Meeting to comply with Act. rticles Association, with a notice (Post- och shed in Svenska includes a eeting

The Board of Directors proposes that section 8 shall be as follows follows:

Apart from the location of the registered office, part a shareholders' meeting may be held held in Stockholm.

Notice of an Annual General Meeting and amendment of the Articles of Association will be considered at latest four weeks before the meeting. issued at earliest six weeks and at latest three weeks before the meeting. eeting and of an Extraordinary General Meeting whe ssociation considered, shall be issued at earliest six weeks and atest Notice of other Extraordinary General Meeting d meeting. eeting where the issue of an d eetings shall be

Notice to convene a shareholders' meeting shall be och Inrikes Tidningar) and on the publish a notice in Svenska Dagbladet Svenska Dagbladet cease to be a Dagens Industri. be published in the Official Swedish Gazette the company's website. In connection herewith, the Dagbladet that a shareholders' meeting has been convened. a national newspaper, the announcement shall be pu Gazette (Postwith, company shall convened. Should published in

A shareholder shall, in order to be entitled to attend at the transcript from the shareholder register as of five as notify the company at latest at 4 a Sunday, public holiday, Saturday, Midsummer Eve, Christmas Eve or New Year earlier than five weekdays before the shareholders' meeting , shareholders' meeting, weekdays before the shareholders' meeting as well 4:00 pm on the day that follows from the notice. This day may not be meeting. be listed on a Year's Eve, and not be

Assistants to shareholders may be brought to the shareholders' meeting only if the shareholder has notified the company of the number of assistants, the maximum being two, no later than the day specified in the notice.

Documentation for the Meeting

The accounting records, Audit Report, the Board's complete proposals and other documentation required according to the Swedish Compani company at Vendevägen 85 A, Danderyd, Sweden documentation will be sent to those shareholders that so request and provide their postal or e address. Companies Act will be available as of 7 April 201 Sweden and at the company's website, www.note.eu 2011 from the www.note.eu. The e-mail

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

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About NOTE

NOTE's business concept is to offer production and logistics services in electronics NOTE has a presence in Sweden, No were SEK 1,211 m; the group has approximately 1,000 employees. For more information, go to www.note.eu. Norway, Finland, the UK, Estonia and China. In 20 electronics-based products. 2010, net sales