Olicom, correction of announcement published on 14 March 2008 regarding rights issue


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|                                      |             Copenhagen, 17 March 2008 |
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| Correction                                                                   |
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Olicom A/S - Rights Issue                                                       

The following ISIN code will be admitted to trading on OMX Nordic Exchange      
Copenhagen A/S with effect from 25 March 2008:                                  

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| ISIN                 | Name                                                  |
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| DK0060131985         | Olicom, T-ret                                         |
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As at the same date, ISIN code DK0010237056 will be traded exclusive of T-ret   
(subscription rights).                                                          

Olicom carries through a rights issue of up to 347,328,320 new shares, each     
bearing a face value of DKK 0.25 at a price of DKK 0.25. The new shares are     
subscribed for in the proportion of 1:20. The new shares carry in full any      
dividend for 2007. Subscription period: 28 March 2008 to 10 April 2008          

Please note:                                                                    
Subscription of new shares will take place in a temporary ISIN (DK0060132017)   
which is expected to be admitted to trading on 15 April 2008.                   

Also with effect from15 further new shares are expected to be admitted to       
trading and official listing in a temporary ISIN (DK0060133338). The new shares 
are issued due to a non-cash contribution and conversion of debt. Dependent on  
the result of the rights issue, a minimum of 513,305,264 new shares and maximum 
529.154.328  new shares are expected to be admitted to trading and official     
listing.                                                                        


For further information, please see the prospectus.                             

For further information, please contact: Asta Jepsen, Surveillance, tel. +45 33 
93 33 66                                                                        
ISIN: DK0010237056 (VP: 1023705)                                                

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| Name:                                 | Olicom                               |
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| Volume:                               | 17,366,416 shares (DKK 4,341,604)    |
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| Face value:                           | DKK 0.25                             |
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| Short name:                           | OLI                                  |
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| Share type:                           | AKTIE                                |
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SUBSCRIPTION RIGHTS ISIN: DK0060131985 (VP: 6013198)                            

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| Name:                                 | Olicom, T-ret                        |
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| Proportion:                           | 1:20                                 |
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| Trade in subscription rights (both    | 25 March 2008 - 7 April 2008         |
| days included):                       |                                      |
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| Face value:                           | DKK 0.0125                           |
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| Short name:                           | OLI T                                |
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| Share type:                           | T-RET                                |
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GENERAL INFORMATION	:                                                           

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| Name/bearer                           | Name                                 |
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| Voting rights on listed shares:       | Full                                 |
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| Financial year:                       | 1 January - 31 December              |
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| Unlisted capital:                     | DKK 0                                |
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| Capital increase registered:          | No                                   |
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| Issuing bank:                         | Capinordic Bank A/S                  |
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| Changed trading lot:                  | 25,000                               |
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| CBR no.:                              | 76 80 00 14                          |
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| GICS:                                 | 45201020                             |
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| Type:                                 | 1                                    |
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Attachments

olicom - t-ret - ske -correction - uk.pdf