Net Proceeds of at Least 6.50 SEK per Share Expected


Net Proceeds of at Least 6.50 SEK per Share Expected

- The company expects wind-down activities to yield net proceeds of at least
6.50 SEK per share.

- Increase in the estimate from previous announcements is attributable to
favorable developments during the post-closing period.

- Net proceeds do not include any value that could be attributed to the
company's Swedish tax losses of approximately 785m SEK.

Following a presentation from management at today's Board Meeting, the Board has
decided to announce an upward revision of its estimate of net proceeds to at
least 6.50 SEK per share. The proceeds arise from the sale of Scribona's
business to Tech Data and the consequent wind-down of activities.

Since the company first announced the sale of its business to Tech Data in March
of this year, estimated net proceeds to shareholders have increased from a
preliminary range of 4.40 -5.10 SEK per share, which was announced by the
previous Board in early March, to the current level of at least 6.50 SEK per
share.The increase is attributable to the favorable resolution of matters
connected to the closing of the deal and initial wind-down activities, including
performance-related price adjustments from Tech Data, the final valuation of
assets transferred, collection of receivables, sales and margin during the
closing period, post-closing adjustments, the termination and transfer of
employees, and the termination of key third party service contracts.

As indicated in the company's previous press release (May 19, 2008), net
proceeds per share are still not precisely known and depend upon factors such as
wind-down activity costs, disposition of office leases, recovery on remaining
assets, resolution of all liabilities, and 2009 performance related payments
from Tech Data. Many of these factors cannot be known with certainty at this
time, and, for example, in the case of possible performance payments from Tech
Data, may not be known before June 2009. The Board is confident, however, based
on management's estimates, that shareholders can expect net proceeds of at least
6.50 SEK per share based on reasonably conservative assumptions about future
events. Furthermore, this estimate of net proceeds does not take into account
the possible value of the company's tax assets, which consist of Swedish tax
losses of approximately 785m SEK.
As stated in the previous press release, the company plans to give some
indication of its future strategic direction during the month of August when 2nd
quarter results are announced.

For additional information contact:
Lorenzo Garcia, President and CEO of Scribona, +46 737 083 888
David E. Marcus, Chairman of Scribona, +1 908 378 2888

Visit also: www.scribona.com
Scribona, quoted on the Small Cap list of the OMX Nordic Exchange, was a leading
provider of IT products in the Nordic market and is now winding down its
activities following the sale of its business operations in May 2008. 

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