IFS continues repurchasing own shares

IFS continues repurchasing own shares

In addition to previously communicated repurchases, the board of
directors of Industrial and Financial Systems, IFS AB (“IFS”), (XSTO:
IFS), has decided, on the basis of the authorization received from the
annual general meeting, to further repurchase a maximum of 140,000 B
shares in IFS, which corresponds to approximately 0.5 percent of all
shares in the company, for a maximum aggregate consideration of SKr 15
million.

The purpose of the repurchase is to accord the board a greater
possibility to adjust the company's capital structure and thereby
contribute to increased stockholder value. The repurchase will be made
on Nasdaq OMX Stockholm pursuant to applicable rules at a share price
that falls within the registered range between the highest bid price and
the lowest asking price at the time of acquisition, provided the price
does not exceed the higher of the price of the last independent trade
and the highest current independent bid price. Repurchases will be made
as soon as possible, during the period from July 28 up to December 20,
2011, subject to prevailing legal provisions.

The total number of outstanding shares of all series in IFS currently
amounts to 26,456,922. As per July 27, 2011, IFS held 759,149 B shares
in own custody, of which 500,000 are subject to cancellation as resolved
by the annual general meeting 2011.

Contact Information
Anne Vandbakk
Telefon: 46 8 58 78 45 00
Corporate Communications Director
anne.vandbakk@ifsworld.com (anne.vandbakk@ifsworld.com)

Jesper Alwall
Phone: 46 8 58 78 45 00
General Counsel
jesper.alwall@ifsworld.com (jesper.alwall@ifsworld.com) (frederic.guigue
s@ifsworld.com)