Notice of Extra General Meeting of IBS AB (publ)

Notice of Extra General Meeting of IBS AB (publ)

The shareholders of IBS AB (publ) (the “Company") are hereby invited to attend
the Extra General Meeting of Shareholders at 8 am on Thursday, December 6 2007.
The meeting will be held at IBS Corporate Headquarters, Hemvärnsgatan 8, Solna,
Sweden.

Registration
Shareholders who wish to attend the meeting must:

- must be listed in the register of shareholders maintained by VPC AB (the
Swedish Securities Register Center) as of Friday, November 30 2007, and

- notify the Company of their intent to participate in the meeting not later
than 12 AM on Monday, December 3, 2007.  This should be done either by writing
to IBS AB, Box 1350, SE-171 26 Solna, by facsimile +46 8 29 16 60, by e-mail:
xbolagsstämma@ibs.net or by telephone +46 8 627 45 10. Notice shall include full
name, personal or company registration number, address, daytime telephone number
and, if applicable, information regarding representative, replacement and
assistant. To facilitate registration at the meeting, powers of attorney in
original, and certificates of registration and other documents of authority
should be sent to the Company at the address above so as to be available in good
time.

In order to attend the shareholders meeting, any shareholder whose shares are
registered on a custody account must request temporary entry in the
transcription of the share register kept by VPC AB. The shareholder must inform
the custody to that effect well in advance of Friday, November 30, 2007, at
which time the register entry must have been made.

Agenda
1. Opening of the meeting
2. Election of the chairman of the meeting
3. Preparation and approval of the voting list
4. Presentation and approval of the agenda of the meeting
5. Appointment of two persons to approve the minutes in addition to the chairman
6. Determination whether the meeting has been properly convened
7. Determination of the number of members of the Board of Directors
8. Election of members of the Board of Directors


Item 2, chairman of the meeting 
Attorney at Law Örian Odenbro is suggested to be chairman of the meeting 

Items 7 and 8. Election of members of the Board of Directors, etc.
As has previously been notified, the previous chairman of the Board of
Directors, Lars Nyberg, resigned from the Board of Directors in October 2007.
The member of the Board of Directors Johan Björklund, was on October 25, 2007
appointed to be acting chairman of the Board of Directors. Due to the fact that
Catella now has divested most of its shares in the company, Johan Björklund has
given notice that he, in connection with the extra general meeting, wishes to
resign from the Board of Directors. 

The Board of Directors thereafter consists of Vinit Bodas, Pallab Chatterjee,
Gunnel Duveblad and Jan Jacobsen.

Due to the above described changes the nominating committee of the Company has
prepared the issue regarding election of new members of the Board of Directors.
The nominating committee consists of the following members: George Ho
(chairman), Deccan Value Advisors, Henrik Strömbom, Case Asset Management,
Rikard Svensson, Arvid Svensson Invest, Henrik Jonsson, Catella Investments and
Johan Björklund.

Proposal 
The Board of Directors is proposed to consist of six ordinary members and no
deputy members. Bertrand Sciard and Fredrik Svensson are proposed to become new
members of the Board of Directors. Pallab Chatterjee is proposed to become
Chairman of the Board of Directors. Jan Jacobsen is proposed to become
Vice-Chairman of the Board of Directors.  

Therefore, the proposed board composition will be: 

Pallab Chatterjee (Chairman) - independent 
Jan Jacobsen (Vice Chairman) - independent 
Gunnel Duveblad - independent 
Bertrand Sciard - independent 
Vinit Bodas - independent from the company. Related to major shareholder.
Fredrik Svensson - independent from the company. Related to major shareholder.

Bertrand Sciard was born in 1953. He is the CEO and President of Aldata Solution
Oyj, listed on the OMX Nordic Exchange in Helsinki. Previous positions include
CEO and President of Intentia, Executive Vice President of GEAC, European MD of
JBA Plc, President and CEO of Presys as well as several senior roles at IBM. 

Fredrik Svensson was born in 1961. He is the managing director of AB Arvid
Svensson. Fredrik Svensson is chairman of the Board of Directors in Case
Investment AB,and ordinary member of the Board of Directors in Broström AB,
Balder AB, Dagon AB, Klövern AB, Ramnäs Bruk AB and United Logistics AB. 

Number of shares and votes
The total number of outstanding shares amounts to 83 608 030 shares of which 80
458 030 are B-shares and  3 150 000 are A-shares. The total number of votes
amounts to 111 958 030 votes. 


Stockholm, Sweden, November 2007
The Board