SEK 132 MILLION DIRECTED SHARE ISSUE SUCCESSFULLY PLACED

SEK 132 MILLION DIRECTED SHARE ISSUE SUCCESSFULLY PLACED

In a new issue directed to new Swedish institutional investors Morphic
Technologies AB has successfully raised SEK 132 million. In total 13.1 million
series B shares were issued at a price per share of SEK 10.1, corresponding to
the closing price on May 19 2008. 

The new issue was executed without preferential rights for existing shareholders
in accordance with the authorization given by the general meeting on October 19,
2007. The new issue will increase the number of shares by 13,100,000 from
150,772,022 to 163,872,022, of which the new issued shares represent 7.99%. 

ABG Sundal Collier AB has acted as financial advisor to Morphic Technologies in
connection with the new share issue.



For more information please contact:
Johannes Falk, Director of Investor Relations, Morphic Technologies AB
Tel +46 (0) 706 76 73 93, e-mail: johannes.falk@morphic.se

This is Morphic
Morphic Technologies is a growing Swedish industrial group with operations in
fuel cells, wind power, energy systems and production technology. It conducts
operations in Sweden, Japan, Greece, Italy and Switzerland. It currently employs
about 170 people. Morphic's B shares have been listed on the OMX Nordic Exchange
since March 4, 2008. Its shareholders number approx. 22,000. The company applies
a non-calendar financial year, lasting from May 1 to April 30.