Annual General Meeting Pricer AB

Uppsala, SWEDEN

UPPSALA, Sweden, May 23, 2003 (PRIMEZONE) -- Pricer's (Other OTC:PCRBF) Annual General Meeting was held May 22, 2003.

The following decisions were taken:

Election of Board of Directors

Mr. Jan Forssjo, Mr. Salvatore Grimaldi, and Mr. Goran Linden were unanimously re-elected as board members. Mr. Martin Bjaringer and Mrs. Margareta Norell Bergendahl were elected to the Board. Mr. Arve Kristoffersen is leaving the Board after declining re-election. At the board meeting following election Mr. Salvatore Grimaldi was elected as Chairman of the Board.

Ammendment of Articles of Associations

The Annual General Meeting amended the company's Articles of Associations to state that the registered office has moved to Sollentuna. The Annual General Meeting can also be held in Stockholm or Upplands Vasby.

Authorisation of issue

The Annual General Meeting decided in accordance with the board's Proposal that the AGM authorises the board to make decisions, on one or several occasions, to issue not more than 30,000,000 series B shares until the date of the next Annual General Meeting. The board should be able to decide on a new issue with a departure from the shareholders' right of preference with or without a provision for a non-cash issue.

For further information, please contact:
Jan Forssjo, President and CEO, Pricer AB: +46 8 505 582 00

Pricer AB (publ), founded in 1991 in Uppsala, has the world's leading position as a supplier of electronic display and information systems to the retail industry. Pricer offers electronic information systems that improves significantly customer profitability and productivity.

With the largest product range on the market, Pricer ESL System is installed in more than 300 stores in three continents. Among others, the second largest retailer in Europe and some of the largest retailers in Japan are customers to Pricer. Pricer, in cooperation with highly competent partners, offer a totally integrated solution together with the supplementary products, applications and services.

Pricer AB (publ) is quoted on the O-list of Stockholm Exchange. For further information, please visit Pricer's website

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