NOTE — Share Issue/Capital Change 2010

May 11, 2010

NOT FOR DISTRIBUTION TO USA, CANADA, JAPAN, HONG KONG, NEW ZEELAND, AUSTRALIA OR SOUTH AFRICA

Press Release Danderyd, Sweden, 11 May 2010

NOTE's rights issue oversubscribed

NOTEs new share issue with preferential rights for NOTE's shareholders has been oversubscribed. Totally 19 059 178 shares, or some 99.0 percentage of the offered shares, were subscribed using subscription rights. Additionally, 9 797 133 shares have been subscribed for without preferential rights. Consequently, the new share issue is oversubscribed with some 49.9 percentage, and the underwriting commitments do not have to be engaged.

Granting of shares subscribed without preferential rights will be according to principles described in the prospectus. Accounting slips confirming granting of such shares will be sent out around 11 May 2010. Only those who receive granting will be notified. The new share issue will raise NOTE some SEK 86.6 million before deducting issue costs.

Signed, fully paid, shares (BTA) received at subscription using subscription rights, is expected to be reregistered as shares at Euroclear Sweden on 17 May 2010.

Through the new share issue, the number of NOTE shares will increase with 19 248 400 shares and the share capital will increase with SEK 9 624 200. After the new share issue, the share capital will amount to SEK 14 436 300 and the number of shares to 28 872 600 shares. Shares subscribed with preferential rights is expected to be available for trading at NASDAQ OMX Stockholm as from around 17 May 2010. Shares subscribed without preferential rights are expected to be available for trading during the second half of May 2010.

Financial and legal advisers

HQ Bank is financial adviser and Advokatfirman Vinge is legal adviser to NOTE in connection with the issue.

For more information, please contact: Göran Jansson, acting CEO and President, tel. +46 (0)8 568 99006, +46 70 698 8572 Henrik Nygren, CFO, tel. +46 (0)8 568 99003, +46 (0)70 977 0686

About NOTE

NOTE's business concept is to offer services in the production and logistics of electronics-based products. NOTE has a presence in Sweden, Norway, Finland, the UK, Estonia, Lithuania, Poland and China. In 2009, net sales were SEK 1,200 m; the group has approximately 1,000 employees. For more information, please go to www.note.eu.

This press release contains information that is mandatory for NOTE to publish pursuant to the Swedish Financial Instruments Trading Act and/or the Swedish Securities Markets Act. This information was submitted for publication on 11 May 2010 at 8:30 a.m. CEST.

IMPORTANT NOTICE

In certain jurisdictions, the publication or distribution of this press release may be subject to legal restrictions and persons in those jurisdictions where this press release has been published or distributed should inform themselves about and abide by such legal restrictions.

This press release is not directed at persons located in the United States, Canada, Japan, Hong Kong, New Zeeland, Australia, South Africa or in any other country where the offer or sale of the subscription rights, interim shares or new shares is not permitted.

This press release may not be published or distributed, directly or indirectly, in or into the United States, Canada, Japan, Hong Kong, New Zeeland, Australia, South Africa or any other country where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, other offer documentation, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in such a manner that contravenes such restrictions or would require such additional prospectuses, other offer documentation, registrations or other actions.

This press release does not contain or constitute an invitation or an offer to acquire, sell, subscribe for or otherwise trade in shares, subscription rights or other securities in NOTE AB (publ). Any invitation to the persons concerned to subscribe for shares in NOTE AB (publ) will only be made through the published prospectus.

No subscription rights, BTAs (interim shares) or new shares will be registered under the United States Securities Act of 1933, as amended ("Securities Act"), or any provincial act in Canada and may not be transferred or offered for sale in the United States or Canada or to persons resident in Canada or on account of such persons other than pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act or in such exempt cases that do not require registration in accordance with any provincial act in Canada, respectively.