SwitchCore AB (publ): The shareholders meeting of SwitchCore has decided that the company shall not go into liquidation

At the annual general meeting held 14 June 2007, a balance sheet  for
liquidation purposes was  presented, showing that  more than half  of
the company's share capital  had been consumed.  By reduction of  the
share capital and the sale of the company's operations to eSilicon in
accordance  with  the  resolutions   adopted  by  the   extraordinary
shareholders meeting held  18 December  2007, the  shortage of  share
capital has been remedied. The Board prepared a new balance sheet for
liquidation purposes as per  31 December 2007  and proposed that  the
shareholders meeting  resolve  that the  company  shall not  go  into
liquidation. The shareholders meeting resolved in accordance with the
Board's proposal.

Lund, Sweden, 12 February 2008

For further information, please contact:
Erwin Leichtle, President & CEO SwitchCore AB (publ)
Email: erwin.leichtle@switchcore.se
Phone: +46 70 338 93 00

About SwitchCore
SwitchCore's headquarters are in Lund, Sweden. The company is  listed
on the  OMX Nordic  Exchange Stockholm  (Small Cap)  (ticker:  SCOR).
Since the company's  decision, in the  spring of 2007,  to draw up  a
balance sheet for liquidation purposes,  the company has been  placed
on the observation  list. For further  information about  SwitchCore,
please visit www.switchcore.se.

The information  in this  press release  is such  that SwitchCore  AB
(publ) may be required  under the Securities Markets  Act to make  it
public. The information was submitted for publication at [11:00] [am]
CET on 12 February 2008.