Final result in Morphic's rights issue

Final result in Morphic's rights issue 

This press release may not be distributed, directly or indirectly, in the United
States of America, Australia, Japan, New Zealand or Canada. The offer is not
aimed at persons whose participation would necessitate additional prospectuses,
or registration or other measures pursuant to Swedish law.

The final result in Morphic Technologies AB's (”Morphic”) rights issue shows
that 121,321,458 shares, corresponding to 74.0 percent of the offered shares,
were subscribed for with subscription rights. 8,297,563 shares, corresponding to
5.1 percent of the offered shares, were subscribed for without subscription
rights, in accordance with the principles described in the prospectus. The
remaining part of the rights issue, 34,253,001 shares, corresponding to 20.9
percent of the offered shares, have been subscribed by the syndicate of
underwriters which have been communicated in connection to the rights issue.
Taken together, the rights issue is fully subscribed and Morphic will receive
approximately SEK 393.3 million before issue costs.

The terms of the rights issue implied that shareholders, with preferential
right, could subscribe for one new share for each existing share held. The issue
price was SEK 2.40 per share. Last day for subscription was 13 October 2008.
Through the rights issue the number of shares is increased by 163,872,022 shares
to 327,744,044 shares, of which 11,968,000 A-shares and 315,776,044 B-shares.
The share capital is increased by approximately SEK 6.6 million to approximately
SEK 13.1 million. The newly issued shares which have been subscribed for with
subscription rights are scheduled to be delivered to shareholders and to be
traded on the OMX Nordic Exchange Stockholm starting 21 October 2008.      

Those who have subscribed without subscription rights will be allotted shares
according to the principles described in the prospectus published in connection
with the rights issue. Information of allotment of shares subscribed without
subscription rights are made by issue of contract note, which was made 20
October 2008. After registration of payment for the shares, the shares will be
delivered to the shareholders' accounts as soon as possible. No message will be
sent to those who have not received any allotment. 

All underwriters have chosen underwriting remuneration in form of cash
compensation.  Thus, no new shares will be issued through offset issue in
connection with the rights issue.

For more information, please contact:
Johannes Falk, IR-chef, Morphic Technologies AB
Tel: +46 (0)70-676 73 93 
E-mail: johannes.falk@morphic.se

This is Morphic
Morphic is a Swedish engineering group operating in the areas of fuels cells,
wind power, fuel cell energy systems and engineering technology. The Group has
about 230 employees and conducts operations in six countries - Sweden, Norway,
Japan, Greece, Italy and Switzerland. The Group is currently building up sales
organizations in China and the United States. Morphic Technologies' B shares
have been listed on the OMX Nordic Exchange since March 4, 2008, and the number
of shareholders is about 25,400.