Catella issues options to leading executives in NOTE

Catella issues options to leading executives in NOTE

NOTE's primary owner, Catella, in cooperation with the Board of Directors of
NOTE, has decided to issue options to leading executives in NOTE within the
framework of a new incentive program. The program is based on a maximum of
500,000 NOTE-shares from the Catella fund's holdings, and includes more than 50
leading executives in NOTE. The options have a term of a little over three years
and expire in August 2011. Valuation and sales of the call options have been
made on market-based conditions. 

In connection with NOTE's interim report for Q3, a proposed incentive program
was reported based on subscription options equivalent to 500,000 shares, which
should be able to result in a maximum dilution of 5%. The new program, based on
Catella's shareholdings, is equivalently structured for participants but result
in no dilution in the number of shares. Due to the changed structure of the
incentive program, the planned Extraordinary General Meeting of Shareholders to
be held in Stockholm on November 29 has been cancelled.

''We are major shareholders in NOTE and are following the company's development
closely. We have a positive outlook on growth possibilities within outsourcing
and a strong belief in NOTE's management and strategy. Therefore, it feels
natural that we contribute to the development of NOTE in this way,” says Ulf
Strömsten, shareholder representative at Catella Capital Management.

''NOTE is a company in a strong growth phase. With this autumn's acquisitions
and establishments in Poland and China, we have laid the foundation for
long-term, aggressive efforts within the framework for our strategy,
NearsourcingTM. It is extremely positive that Catella stands behind our strategy
and is actively contributing towards launching an incentive program for our
executive management,” says Arne Forslund, CEO and President of NOTE.


For further information, please contact:  
Arne Forslund, CEO and President, tel. +46 (0)8 568 990 07, +46 (0)70 547 74 77
Henrik Nygren, CFO, tel. +46 (0)8 568 990 03, +46 (0)70 977 06 86
Ulf Strömsten, shareholder representative, Catella Capital Management, tel. +46
(0)8 614 25 77

About NOTE 
“Our business concept is to produce electronics from design to after-market in
close co-operation with our customers.”
NOTE is one of the Nordic region's leading contract manufacturers of electronics
and is established in Sweden, Finland, Norway, the UK, Estonia, Lithuania,
Poland and China. Net sales for 2006 totalled SEK 1,742 m, and the NOTE group
has approximately 1,100 employees. Read more at: www.note.se