Europeinvestment A/S (formerly Live Networks Holding A/S) CVR no. 10435013 c/o Inwema ApS Kongevejen 53, DK-2840 Holte Telephone 0046 8 545 00140 Stock Exchange Notification 2007-11-09 Re.: Change in the Board of Directors, and new unfounded charges Change in the Board of Directors Europeinvestment A/S has been notified by Jørgen Sejling that he steps down from the Board of Directors. This will be reported to the Commerce and Companies Agency today. The Board thereafter consists of Hans Birkholm, Kenneth Dundas, Castro Khatib and Ole Vestergaard. Jørgen Sejling has informed the remaining Board of Directors of Europeinvestment A/S that he does not step aside due to any conflicts in the Board and that he does not want to escalate any conflicts. It may be noted that Jørgen Sejling since his appointment to the Board on 27 August 2007 has participated in all board meetings, except for one meeting where he was ill and where he after receipt of the board minutes did not make any comments to the decisions made by the remaining Board of Directors. He has not during any of the board meetings given any criticism or dissents in the Board's deliberations and discussions and he has not criticised the management of the Company. During the time he served on the Board, all Board decisions have been made unanimously. His decision to step down from the Board of Directors thus comes as a surprise to the remaining Board of Directors. When stepping down from the Board of Directors, he has informed the Board that he has had misgivings in relation to Castro Khatib's role on the Board, due to the fact that Castro Khatib is also a representative of Aladdin Investment Services Ltd. The remaining Board believes that the relationship between Aladdin Investment Services Ltd. and Europeinvestment A/S has been handled correctly and would feel that it was natural for a member of the Board of Directors to address any issues as and when they arose. New unfounded charges On 6 November 2007, the Board of Europeinvestment A/S received an email from a shareholder who threatened the Company that he would involve the police unless the plan to convert the loan from Aladdin Investment Services Ltd. into shares was dropped by the Board. The Company decided not to respond to such a threat. The shareholder has in the past made similar threats. Europeinvestment A/S has been informed that the shareholder yesterday has reported the Board of Directors of Europeinvestment A/S to the police. In addition to repeating the charges already made by the police (cf. the Company's notification dated 24 August 2007), the shareholder alleges that the notification of 18 April 2007 regarding the Loan Facility Agreement made with Aladdin Investment Services Ltd. was incorrect. The allegation is based on an assumption that the Board had on 18 April 2007 already agreed to allow Aladdin Investment Services Ltd. to demand a conversion into shares at market price prior to the final repayment date of the Loan (30 August 2007). The shareholder's allegation is unfounded. When the notification of 18 April 2007 was made, Aladdin Investment Services Ltd. did not have the right to demand a conversion into shares at market price. However, the loan facility agreement was entered into as a consequence of the decision for Europeinvestment A/S to become an active investment company. When the Board decided not to pursue these plans for the time being, Aladdin Investment Services Ltd. informed the Board that it wanted to convert its receivable into shares as a precondition for its continued financing of Europeinvestment A/S. The Board of Directors decided at a meeting held on 1 October 2007 to accept in principle that a conversion into shares at market price could be carried out prior to the final repayment date. Aladdin Investment Services Ltd. thereafter on 26 October 2007 requested Europeinvestment A/S to convene an extraordinary general meeting to implement a decrease of the nominal share capital, which caused the Board of Directors on 31 October 2007 to call for such an extraordinary general meeting. Europeinvestment A/S will consider what actions shall be taken against the shareholder making these false accusations. Questions may be made to managing director Castro Khatib at telephone 0046 8 545 00140. Europeinvestment A/S