Invitation to an Extraordinary General Meeting of NOTE AB (publ) on 21 June 2011

Invitation to an Extraordinary General Meeting of NOTE AB (publ) on 21
June 2011

As part of the structural measures completed during 2010, manufacturing
in NOTE Tauragé UAB, Lithuania, was transferred to other units in the
group. The operations in Tauragé were closed at year-end 2010/2011. In
order to speed up the closure of the legal entity, an agreement has been
signed to sell all shares in NOTE Tauragé UAB. The company owns the
property in which the manufacturing previously was conducted. The buyers
are two individuals, one being Virginijus Liepis, Managing Director of
the company. The divestment will have a limited positive impact on
NOTE's operating profit. Consequently, the Extraordinary General Meeting
is caused due to chapter 16 of the Swedish Companies Act, the so called
Lex Leo.

Shareholders are hereby invited to an Extraordinary General Meeting
(EGM) of NOTE AB (publ), corporate identity number 556408-8770, at 11:00
am on Tuesday 21 June 2011 at NOTE's head office, Vendevägen 85 A,
Danderyd, Sweden.

Rights for participation at the Meeting
Shareholders that wish to participate in the Meeting should
- firstly, be included on the share register maintained by Euroclear
Sweden AB as of 15 June 2011,

- secondly, notify the company of their intention to participate at the
Meeting at the following address: NOTE AB, Box 711, 182 17 Danderyd,
Sweden, or by telephone on + 46 (0)8 568 99000, or by e-mail:
info@note.eu by no later than Wednesday 15 June 2011. Notifications
should state personal or corporate names, personal or corporate
identification numbers, number of shares and addresses and telephone
numbers.

For entitlement to participate at the Meeting, shareholders with
nominee-registered holdings should temporarily re-register their shares
in their own name in good time before 15 June 2011 through the agency of
their nominee.

Shareholders that wish to bring one or two assistants should notify the
company thereof in the time and manner applying to shareholders.

The number of shares and votes of the company amounts to 28,872,600 as
of this date.

Proxy
Shareholders represented by proxy shall issue dated powers of attorney
for their representatives. If the power of attorney is issued by a legal
entity, a certified copy of the certificate of incorporation or
corresponding documentation for the legal entity should be attached. The
certificate of incorporation may not be more than six months old. The
original power of attorney and potential certificate of incorporation
should be submitted by mail to the company before the Meeting.

Business of the Meeting
1. Opening the Meeting.
2. Electing the Chairman and Secretary of the Meeting.
3. Preparing and approving the voting list.
4. Approval of the Board of Directors' proposed agenda.
5. Election of one or two persons to verify the minutes.
6. Consideration of whether the Meeting has been duly convened.
7. Approval of the Board of Directors' proposal to sell all shares in
NOTE Tauragé UAB.
8. Closing the Meeting.

Approval of the Board of Directors' proposal to sell all shares in NOTE
Tauragé UAB (point 7)
As part of the structural measures completed during 2010, manufacturing
in NOTE Tauragé UAB, Lithuania, was transferred to other units in the
group. The operations in Tauragé were closed at year-end 2010/2011.

In order to speed up the closure of the legal entity, an agreement has
been signed to sell all shares in NOTE Tauragé UAB. The company owns the
property in which the manufacturing previously was conducted. The buyers
are two individuals, one being Virginijus Liepis, Managing Director of
the company. His employment within NOTE terminates during the second
quarter 2011.

The divestment will have a limited positive impact on NOTE's operating
profit. As per the assessment of the Board, the proposed divestment is
the most cost-efficient way to complete the closure of NOTE Tauragé UAB,
and the divestment of the property.

Consequently, the Extraordinary General Meeting is caused due to chapter
16 of the Swedish Companies Act, the so called Lex Leo.

Documentation of the Meeting
The complete decisions of the Board of Directors and other documentation
required according to the Swedish Companies Act will be available from
the company at Vendevägen 85A, Danderyd, Sweden from 31 May 2011
onwards. Documentation will be sent to those shareholders that request
this and state their personal or e-mail address.

The Board of Directors
NOTE AB (publ)
Danderyd, Sweden, May 2011

For more information, please contact:
Peter Laveson, CEO and President, tel. +46 (0)8 568 99006, +46 (0)70 433
9999
Henrik Nygren, CFO, tel. +46 (0)8 568 99003, +46 (0)70 977 0686

 
About NOTE
NOTE is one of the leading manufacturing partners for outsourced
electronics production in the Nordics. NOTE produces PCBs,
sub-assemblies and box-build products. NOTE's offering covers the whole
product lifecycle, from design to after-sales. NOTE has a presence in
Sweden, Norway, Finland, the UK, Estonia and China. In 2010, net sales
were SEK 1,211 million; the group has approximately 1,000 employees.
NOTE is listed on the NASDAQ OMX Stockholm Exchange. For more
information, please go to www.note.eu (http://www.note.eu/).