The prospectus for Oasmia's new share issue 2009 is now available

PRESS RELEASE

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in or to the United States of America, Canada, Japan, Australia, New Zealand,
or any other country where such action is wholly or partially subject to legal
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reproduced or disclosed in such a manner that contravenes such restrictions.
This press release does not contain or constitute an invitation or an offer to
acquire, subscribe for or otherwise trade in shares, subscription rights or
other securities in Oasmia Pharmaceutical AB (publ) (“Oasmia”). 

The prospectus for Oasmia's new share issue 2009 is now available

As previously announced, Oasmia has resolved to carry-out a new share issue of
approximately SEK 59.8 million with preferential right for Oasmia's current
shareholders (the “Rights Issue”). Oasmia's Board of Directors has prepared a
Swedish prospectus with respect to the Rights Issue, which has been approved
and registered by the Swedish Financial Supervisory Authority on 31 July 2009. 

The prospectus is as of today available on www.oasmia.se and www.ohman.se. 
The prospectus can be obtained free of charge from E. Öhman J:or Fondkommission
AB, Berzelii Park 9, SE-103 91 Stockholm, Sweden, phone +46-8-402 51 32. 

The prospectus can also be obtained from Oasmia Pharmaceutical AB (publ),
Vallongatan 1, SE-752 28 Uppsala, Sweden, phone +46-18-50 54 40. Shareholders
in Oasmia who on the record day 31 July 2009 were direct registered in the, by
Euroclear Sweden AB, kept shareholder register will receive the prospectus by
mail. Nominee registered shareholders should contact their nominee for
information and instructions regarding participation and subscription in the
Rights Issue. 

The prospectus contains forward-looking statements which reflect the Board of
Directors current view regarding future events as well as operational and
financial information. For instance does this apply to Oasmia's plan for
development of, and investments in the product candidates Paccal® Vet and
Paclical®, the expected capital need and new financial targets for Oasmia. In
the prospectus a number of risk factors are presented which can affect Oasmia's
future development. Potential investors and participants in the Rights Issue
should consider these risk factors as well as all other information in the
prospectus which can affect an investment decision. 

Uppsala, 3 August 2009 Oasmia Pharmaceutical AB (publ)

For further information, please contact: Julian Aleksov, CEO Phone: +46-18-50
54 40 


For more information, please contact: Maria Lundén, Head of Public Relations,
Oasmia Pharmaceutical AB. E-mail: press@oasmia.com Phone: +46 (0) 18 50 54 40.
Information is also available at www.ngm.se and www.oasmia.com