DynaWind and Wasa Kredit offer unique leasing solution for wind turbines

Press Release
Morphic Technologies AB (publ)                                              
Karlskoga, December 18, 2007


DynaWind and Wasa Kredit offer unique leasing solution for wind turbines

Morphic Technologies' DynaWind AB and Länsförsäkringar's finance company Wasa
Kredit AB have jointly developed a unique solution for financing wind power
stations. Under the partnership, Wasa Kredit will fund individual wind turbines
and smaller wind-parks from DynaWind up to a value of SEK 80m through leasing
arrangements. The goal is to employ all available means to make investments in
wind turbines from DynaWind as simple, profitable and trouble-free as possible. 

Investments in new wind power capacity have increased sharply in the last few
years. The investors include big energy companies, local wind power
associations, projectors and private investors. Wasa Kredit will fund individual
DynaWind projects up to a value of SEK 80m under leasing arrangements that will
cover several wind turbines from DynaWind. 

The advantage is that the investor only needs to put down 20 percent. Wasa
Kredit then provides the rest, using the turbine as collateral. If, for example,
a landowner forms a company, which leases the land in return for a certain
percentage of the 
earnings, our financing solution becomes self-sustaining. Any additional profits
generated by the company will be a ‘bonus'. 

Another advantage is that, because the turbine is used as collateral and is
placed in a company, the landowner does not need tie up other collateral and
thus potentially limit his room for maneuver in other business activities. The
repayment schedule can be customized to suit each borrower's earnings situation.
This type of financing is also suitable in cases where assets are transferred to
another party, e.g. in case of a sale or inheritance.

“We have noticed a very significant increase in interest from investors to
invest in our wind turbines, not least from private individuals. Through this
partnership with Wasa Kredit, we can offer an end-to-end solution that covers
funding, delivery, erection and operation of a complete wind turbine, including
service and maintenance. This will strengthen our offer in this area”, Anders
Sjögren, DynaWind AB's CEO says. 

“Wind power is a new area of finance for us. The market for wind power is
growing very rapidly, and we look forward to helping to ensure a continued
strong growth in Swedish wind power together with DynaWind”, Jesper Holmberg at
Wasa Kredit says. 

The rate of growth is expected to increase further. In late November the Swedish
Energy Agency proposed that Sweden's national planning target for electricity
production from wind power be raised to 30 TWh in 2020. This represents a higher
level of ambition than the current target of 10 TWh in 2015. An increase to 30
TWH will, depending on the effect and wind conditions, require an increase from
800 wind power stations at present to 3,000-6,000 stations, both on-shore and
off-shore. According to Morphic's calculations, this will require investments of
SEK 150-200bn. 

More information about DynaWind AB
Under an exclusive licensing agreement with Finnish WinWinD Oy, DynaWind offers
complete wind turbine parks as well as individual turbines in Sweden in the 1 MW
and 3 MW categories. WinWinD provides the technological solution while DynaWind
is responsible for sales, delivery, production, assembly, commissioning and
servicing of the turbines. 
DynaWind's wind turbines offer the market's highest rate of use, good
operational access and minimal servicing requirements. These benefits are the
result of a modern, patented construction in which the generator operates at a
low variable RPM. This results in a low rate of wear, long economic life and
good profitability compared with traditional turbines. In DynaWind/WinWinD's
construction the gearbox has been replaced by an energy-absorbing bearing and a
planet gear that is insensitive to imbalances in energy transmission. Since
December 2006, 19 wind turbines have been sold to customers in Sweden. 

More information about Wasa Kredit AB
Wasa Kredit is a credit market company that is wholly owned by Länsförsäkringar
Bank. The company currently has about 180 employees and is represented in
Stockholm, Gothenburg, Malmö, Umeå and Örebro. Wasa Kredit offers leasing and
loan finance through partners in the automotive, computer/office equipment,
machinery and equestrian sectors as well as directly to corporate clients.  Wasa
Kredit also offers loans and credit card finance to private individuals. Wasa
Kredit has a credit volume of SEK 8bn, divided among 168,000 corporate and
private agreements, with 159,000 customers. Wasa Kredit is a member of the
Association of Swedish Finance Houses.

Johannes Falk, Information and Investor Relations Manager, Morphic Technologies
AB
Phone: +46 (0)706- 76 73 93, E-mail: johannes.falk@morphic.se.


Morphic Technologies is a Swedish industrial group that specializes in energy
systems for renewable electricity production as well as resource-light
production techniques for efficient component manufacture. The operations are
located in Sweden (Karlskoga, Filipstad, Kristinehamn and Göteborg) as well as
in Greece and Italy. The Company's class B shares are listed on the Stockholm
Stock Exchange's trading site, First North, with Remium Securities as Certified
Advisor. For more information, see www.morphic.se

DISCLAIMER: THIS DOCUMENT IS A TRANSLATION FROM THE SWEDISH ORIGINAL. NO
GUARANTEES ARE MADE THAT THE TRANSLATION IS FREE FROM ERRORS.