Notice of the 2011 Annual General Meeting, BioPhausia AB

This is a translation of the original Swedish notice. In the event of
discrepancies between the Swedish version and this translation, the Swedish
version shall prevail.

Notice of the 2011 Annual General Meeting

Shareholders of BioPhausia AB (publ) are hereby invited to attend the Annual
General Meeting on Tuesday, 10 May 2011, at 14.00 o' clock, at Radisson Blu
Strand Hotel, Nybrokajen 9, Stockholm. The meeting premises opens for
registration at 13.30 o' clock.

Notification

Shareholders who wish to attend must:

firstly

, be registered in the register of shareholders kept by Euroclear Sweden AB on
Wednesday, 4 May 2011,

and

secondly,

notify the company of their intention to participate no later than Wednesday, 4
May 2011, under address: BioPhausia AB (publ), Blasieholmsgatan 2, 111 48
STOCKHOLM or by fax on +46 (0) 8-407 64 39, alternatively by e-mail
arsstamma@biophausia.se. Upon notification, the shareholder's name,
personal/corporate identity number, address and telephone number as well as
registered shareholding should be stated.

Shareholders' rights at the Annual General Meeting may be exercised through an
authorized representative. Such authorization shall be in writing. Proxies,
registration certificates and other documents of authorization should be
received by the company under the above mentioned address no later than
Wednesday, 4 May 2011. Please note that the original documents of authorization
must be sent or brought to the Annual General Meeting. Proxy forms are available
at the company's website, www.biophausia.se. Shareholders who wish to exercise
the right to bring assistants, a maximum of two, to the Annual General Meeting
shall notify this with a statement of the number of assistants, at the same time
as the aforementioned notification. It is not available for shareholders to vote
or in any other manner participate in the Annual General Meeting by distance.

Shareholders whose shares are registered in the name of a nominee must
temporarily re-register the shares in their own name with Euroclear Sweden AB in
order to have the right to participate in the meeting. Such re-registration, so-
called registration of voting rights, must be effected on Wednesday, May
4, 2011, and the nominee should thus be notified of this well in advance of this
date.


[HUG#1504505]