Opcon: Board proposes preferential share issue

Opcon: Board proposes preferential share issue

The Board of Opcon, the energy and environmental technology Group, has
decided to call an Extra General Meeting on 6 October 2011 to decide
upon a preferential share issue.

Background
In connection with the publication on 24 August of the financial report
for the first six months of 2011, the Board of Opcon AB announced its
intention to call an Extra General Meeting to decide upon a preferential
share issue.

The background is that the company over a period has worked to speed up
the industrialization and internationalization phase within the
Renewable Energy business area where the market potential for the
company's technology for production of electricity from waste heat is
considered to have great potential. Among other areas, the focus is on
development of marine applications, where Opcon has decided to
strengthen its capability for further initiatives. This has taken place
after the company has performed resource-intensive development of Opcon
Powerbox for operation at sea, with a first reference installation now
installed on board a Wallenius vessel that is in production. Opcon has
also started collaboration with a number of major companies concerning
marine applications of Opcon Powerbox.

Opcon is also working to introduce the technology on the Chinese market.
The Board has also decided to initially develop Boxpower's business,
which involves sales of electricity from Opcon Powerbox, within the
Opcon Group in order to better safeguard the long term interests of
Opcon's shareholders. This business can initially be developed quicker
through improved access to financing.

In parallel with the aforementioned, the company needs additional
operating capital to secure growth and activities in the ongoing
business until the completed savings programme has produced its full
effects, which is expected at the beginning of 2012.

Within bioenergy Opcon intends to acquire the remaining 25% of the
shares in Saxlund International GmbH and increase its holding in Saxlund
International Ltd. in the UK, which is expected to facilitate expansion
in the growing European market. Both companies are profitable and have
expanding orderbooks. In Germany, Saxlund International GmbH is expected
to capitalize on the conversion of energy systems that is expected in
Germany following the decision to decommission nuclear power.

To further refine the business and strengthen the company's financial
position Opcon has initiated the sale of the Engine Efficiency business
area. Considering the uncertainty on financial markets the Board wishes
to ensure that Opcon has enough time and freedom of action to safeguard
a sales process that will achieve a fair value for the business while
ensuring that the company will not be forced to perform for liquidity
reasons a transaction that is not optimum for shareholders.

Consequently, the Board has made the assessment that the company needs
to raise capital to strengthen the company's financial position and
secure access to operating capital.

Timetable
Notification of the Extra General Meeting will be published on 8
September 2011. The subscription period is expected to begin on 17
October 2011 and run to 31 October 2011.

The reconciliation date is expected to be 13 October 2011. The final day
for trading in the company's shares including the right to receive
subscription rights is expected to be 10 October 2011 and the first day
excluding the right to receive subscription rights is expected to be 11
October 2011.

Trading in subscription rights is expected to start on 17 October 2011
and be concluded three days prior to the end of the subscription period.
Trading with BTA will take place from 17 October 2011 until the date
when the Swedish Companies Registration Office has registered the share
issue.

The Board's proposal
The Board has decided to call an Extra General Meeting on 6 October 2011
to decide upon a new share issue with preferential rights for existing
shareholders. It is proposed that the Extra General Meeting shall
authorise the Board to take a decision by 6 October 2011 at the latest
concerning the complete conditions for the share issue.

The proposal is conditional on the Extra General Meeting deciding to
reduce the company's share capital and changing the limits for share
capital and number of shares contained in the articles of association.

The Board's proposal concerning the complete conditions for the share
issue will be published at a later date and instructions together with
more detailed information about how it is intended, inter alia, that the
raised capital will be used, will be published in a prospectus in
connection with the start of the subscription period at the latest.

Erik Penser Bankaktiebolag has been appointed to advise Opcon.

For further information, please contact
Niklas Johansson, vice president, Investor Relations, tel. 08-466 45 00,
070-592 54 53
Opcon AB, Box 15085, 104 65 Stockholm
Tel. 08-466 45 00, fax 08-716 76 61
e-post: info@opcon.se (info@opcon.se)

www.opcon.se (http://www.opcon.se/)

The Opcon Group

Opcon is an energy and environmental technology Group that develops,
produces and markets systems and products for

eco-friendly, efficient and resource-effective use of energy.

Opcon has activities in Sweden, China, Germany and the UK. There are
around 400 employees. The company's shares are listed on Nasdaq OMX
Stockholm. The Group comprises two business areas:

Renewable Energy focuses on the following areas: electricity generation
based on waste heat, bioenergy-powered heating and CHP plants, pellets
plants, drying of biomass, handling systems for biomass, sludge and
natural gas, industrial cooling, flue gas condensation, treatment of
flue gases and air systems for fuel cells.

Engine Efficiency focuses on energy-efficient solenoid technology and
ignition systems for combustion engines including ethanol, natural gas
and biogas engines.

The information in this report is such that Opcon is obliged to disclose
in accordance with Swedish securities markets law and/or Swedish law on
trading in financial instruments. This information was released for
publication on 6 September 2011, at 11.30 a.m. (CET)

IMPORTANT INFORMATION

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jurisdictions may be restricted by law and persons in those
jurisdictions where this press release is published or distributed
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a violation of the United States Securities Act of 1933 ("Securities
Act") or applicable laws of other jurisdictions.
This press release does not constitute an invitation or offer to
acquire, subscribe for or otherwise deal in shares, warrants or other
securities in Opcon. Invitation to interested persons to subscribe
for shares in Opcon will only be made through the prospectus that
Opcon intends to publish around the middle of October 2011.
Neither the subscription rights, paid-for subscribed shares or new
shares will be registered under the Securities Act or any provincial law
in Canada and may not be offered or sold in the U.S. or Canada or to a
resident there, or on behalf of such persons other than in exceptional
cases that do not require registration under the Securities Act or any
provincial law in Canada.