NOVESTRA: POSITIVE EFFECT ON RESULT FROM SALE OF C MORE GROUP

AB Novestra has had a minor holding of shares and options in C More Group AB originating from Novestra acting as advisor in the transaction between Baker Capital, Nordic Capital and Vivendi Universal in connection with the acquisition of C More Group AB. Following today’s announcement of SBS Broadcasting’s acquisition of C More Group AB, the transaction is expected to have a positive effect on Novestra’s result for 2005 of approximately MSEK 10.

“The C More transaction has been a good deal for all parties and, even though Novestra’s holding is very modest, the sale will have a positive impact on this year’s result. In general, this year has started very positively for our portfolio companies and we are optimistic about 2005,” Novestra’s Managing Director, Peter Ekelund, says.

For further information please contact Mr Peter Ekelund, Managing Director, phone No. +46 8 545 017 50.

About AB Novestra
Novestra is an independent investment company with a portfolio of small cap private as well as public companies. Novestra focuses on investing in companies with substantial growth or value potential.

Novestra’s portfolio of companies consists of i.a. Bytek Systems AB, Explorica, Inc., IBS AB (publ), inWarehouse AB (publ), Lagercrantz Group AB (publ), MyPublisher, Inc., Netsurvey AB,
Pergo AB (publ), Qbranch AB and Strax Holdings, Inc. as well as Speedera Networks, Inc. through the co-investment vehicle Continuum Group Ltd. The Novestra shares are listed on the O List of the Stockholm Stock Exchange.
For further information regarding AB Novestra, please see www.novestra.com .

Comments are closed.