Symphony Technology Group holds 94.91 percent of the shares in IBS

Symphony Technology Group holds 94.91 percent of the shares in IBS

Symphony Technology Group's (“STG”) offer to the shareholders of IBS AB
(publ) (“IBS”) has been accepted by shareholders representing
approximately 94.91 percent of the total number of shares in IBS. STG
intends to shortly initiate a compulsory acquisition procedure under the
Swedish Companies Act to acquire all remaining IBS shares.

The offer referred to in this press release is not being made, and this
press release may not be distributed, directly or indirectly, in or
into, nor will any tender of shares be accepted from or on behalf of
holders in, Australia, Canada, Japan, New Zealand or South Africa, or
any other jurisdiction in which the making of the offer, the
distribution of this press release or the acceptance of the offer would
contravene applicable laws or regulations or require further offer
documents, filings or other actions in addition to those required under
Swedish law.

On May 17, 2011 STG, through Sweden Acquisition Corp.[1], announced an
offer to acquire all shares of IBS (the “Offer”). The IBS board has
recommended the Offer.

Based on irrevocable undertakings to accept the Offer from shareholders
representing approximately 88 percent of the total number of shares in
IBS, STG announced on June 1, 2011 that all conditions to the Offer had
been waived and that the Offer is thus unconditional.

At the end of the acceptance period on June 28, 2011, 4,725,000 shares
of series A and 113,225,494 shares of series B had been tendered, which
corresponds to approximately 94.91 per cent of the shares and
approximately 96.21 of the votes in IBS.[2] Neither STG nor any of its
affiliates has acquired any shares in IBS outside of the Offer or holds
or controls any other shares or securities of IBS.

For those shareholders who have accepted the Offer during the acceptance
period settlement will commence on or around July 1, 2011.

As envisaged in the press release announcing the Offer, Sweden
Acquisition Corp. has, after announcement of the Offer, been substituted
as acquisition vehicle by STG IBS Holding S.à.r.l., an entity controlled
by STG.[3]

As STG holds more than 90 per cent of the shares of IBS, STG intends to
shortly initiate a compulsory acquisition procedure under the Swedish
Companies Act to acquire all remaining IBS shares. In connection
therewith, STG intends to promote a de-listing of the IBS shares from
NASDAQ OMX First North.

For additional information about the offer, please contact J.T.
Treadwell, Managing Director at STG, on +1 650-935-9529.

The information was submitted for publication at 1.00 p.m. (CET) on June
29, 2011.

[1]   Sweden Acquisition Corp. is a Delaware corporation, wholly owned
by the Symphony Technology Group funds STG III, L.P. and STG III-A,
L.P., both being Delaware limited partnerships.

[2] 2,303,800 treasury shares of class B have been excluded from the
calculation.

[3]   STG IBS Holding S.à.r.l. is wholly owned by the Symphony
Technology Group funds STG III, L.P. and STG III-A, L.P. Sweden
Acquisition Corp. remains jointly and severally liable in all respects
in relation to the Offer.

För mer information, vänligen kontakta:

Jeanette Cronstedt Lind
VP Corporate Marketing, IBS AB
46 70 860 25 73
jeanette.lind@ibs.net (jeanette.lind@ibs.net)