Q-Med AB forms an Independent Board Committee and appoints financial and legal advisors

Q-Med AB forms an Independent Board Committee and appoints financial and legal
advisors  

A public offer was presented on 3 November 2008 by Ivytan AB (“Ivytan”),
indirectly owned by EQT V (“EQT”) and Lyftet Holding B.V. (“Lyftet”), one of
Bengt Ågerup's (“Ågerup”) controlled companies, for the acquisition of all
shares in Q-Med AB (publ) (“Q-Med”) for 39 SEK cash per share.  

Following the announcement, the Board of Q-Med has decided today in an
extraordinary meeting to establish an independent Board Committee consisting of
the following Board members: Pia Rudengren, Chairman of the Board, Håkan
Edström, Bertil Hult, Anders Milton, Åsa Rödén and Pernilla Ström. The
Independent Board Committee shall evaluate all aspects of Ivytan's offer and
make such decisions that the situation may require.  

The Independent Board Committee has retained Morgan Stanley as financial advisor
and Södermark Law Firm as legal advisor.  
”Q-Med is a profitable company with strong brand names and successful products.
The company has financed its growth out of stable operating cash flow. In
addition, the company has a strong financial position with net cash and
virtually no external debt, which is a strength not least in today's turbulent
financial markets. The Board believes that Q-Med has excellent potential”, says
Pia Rudengren, Chairman of the Board of Q-Med.  

“We and our advisors will now evaluate the offer and explore all possibilities
to maximize the value for all the shareholders of Q-Med” says Pia Rudengren.

Queries should be addressed to: 
Pia Rudengren, Chairman of the BoardMobil: +46 (0)706 242041
Q-Med AB is a rapidly growing and profitable biotechnology/medical device
company. The company develops, manufactures, markets, and sells primarily
medical implants. The majority of the products are based on the company's
patented technology, NASHA™, for the production of stabilized non-animal
hyaluronic acid. The product portfolio today contains: Restylane® for filling
lines and folds, contouring and creating volume in the face, Macrolane™ for body
contouring, Durolane™ for the treatment of osteoarthritis of the hip and knee
joints, Deflux® for the treatment of vesicoureteral reflux, VUR, (a malformation
of the urinary bladder) in children, and Solesta™ for the treatment of fecal
incontinence. Sales are made through the company's own subsidiaries or
distributors in over 70 countries. Q Med today has just over 700 coworkers, with
close to 500 at the company's head office and production facility in Uppsala,
Sweden. Q-Med AB is listed in the Mid Cap segment of the OMX Nordic Exchange in
Stockholm.


Q-Med AB (publ), Seminariegatan 21, SE-752 28 Uppsala, Sweden. Corporate
identity number 556258-6882.
Tel: +46(0)18-474 90 00. Fax: +46(0)18-474 90 01. E-mail: info@q-med.com. Web:
www.q-med.com.

In USA, Q-Med AB's affiliate is the wholly-owned subsidiary Q-Med Scandinavia,
Inc.