Annual General Meeting in IBS AB

Annual General Meeting in IBS AB

At the annual general meeting in IBS AB today the following was
resolved.

  · The meeting elected Dr. Pallab Chatterjee, Arvid Carlsen, Rene
Svendsen‑Tune and JT Treadwell new members of the board of directors,
and re-elected Christian Paulsson. Dr. Pallab Chatterjee was elected new
chairman of the board of directors

Dr Pallab Chatterjee is born in 1950 and has Master's and PhD degrees in
electrical engineering from the University of Illinois, USA. He has held
several executive positions at Texas Instruments, he has been Chief
Executive Officer at i2 Technologies Inc, and is currently Managing
Director and Operating Partner at Symphony Technology Group. Dr Pallab
Chatterjee served as member of the board of directors and chairman of
the board in IBS AB between 2007 and 2010.

Arvid Carlsen is born in 1956 and has an MBA from Thunderbird in USA. He
has been Executive Vice President for ABT/SBT/Exenel Industries in Saudi
Arabia, Management Consultant with Nordic Management, Founding Partner
of Enskilda Strategy, Managing Director and Head of Corporate Finance at
Enskilda Securities, and Managing Director and Chairman of Access
Partners.

JT Treadwell is born in 1974 and holds a dual Bachelor's degree in
Ethics, Politics & Economic History from Yale University. He has worked
as a consultant at Boston Consulting Group, associate at Bessemer
Venture Partners and as Director of Marketing and Strategic Planning at
Qiva, and is currently Managing Director at Symphony Technology Group
where he joined in 2003.

Rene Svendsen‑Tune is born in 1955 and is a Graduate from Technical
University of Copenhagen and started his career in the Danish IT
industry. After that he has held various executive positions at Nokia
Networks, and is currently President and CEO at Teleca, where he joined
in 2006.

  · The meeting resolved on remuneration to the board of directors in
accordance with the following. Remuneration shall be paid with SEK 0 to
the chairman of the board and with SEK 375,000 to each of the other
board members. It was resolved that the auditor shall receive
compensation according to approved invoice.

  · The meeting resolved on alteration of the articles of association
mainly in accordance with the following. The four year term of office of
the auditor is regulated in the articles of association, a complete
notice to convene a general meeting shall be issued only through
announcement in The Official Swedish Gazette and at the company's
website, the specified timing for registration of participation in a
general meeting is removed from the articles of association, and the
heading of § 10 is altered.

  · The meeting adopted the income statements and balance sheets in the
annual report, resolved in accordance with the board of director's
proposal not to pay any dividends for the financial year of 2010, and
discharged all members of the board of directors and the CEO from
liability, with the exception of Christian Paulsson.

For more information, please contact:

Jeanette C Lind
VP of Corporate Marketing
IBS AB
46 70 860 25 73
jeanette.lind@ibs.net (jeanette.lind@ibs.net)