Morphic Releases Prospectus for Preferential Rights Issue

Morphic Releases Prospectus for Preferential Rights Issue

This press release may not be distributed, directly or indirectly, in the United
States of America, Australia, Japan, New Zealand or Canada. The offer is not
aimed at persons whose participation would necessitate additional prospectuses,
or registration or other measures pursuant to Swedish law. This document is an
English translation. In the event of any discrepancies between the original
Press Release in Swedish and this translation, the former shall have precedence.
The prospectus referred to in this Press Release is only available in Swedish
language and may not be distributed, directly or indirectly, in the United
States of America, Australia, Japan, New Zealand or Canada.

• Information about subscriptions by holders of class A-shares

Morphic Technologies AB (publ) (“Morphic”) will today release a prospectus for
the issue of new shares with pre-emption rights for existing shareholders
announced by the Board of Directors in a press release on September 19, 2008
(the “Rights Issue”). The prospectus is available on the company's website,
www.morphic.se, and on Nordea's website, www.nordea.se/placera, and will be
distributed to shareholders who were registered in the company's register of
shareholders on the record date, September 26, 2008. The subscription period for
the Rights Issue is September 30 to October 13, 2008.

Subscriptions by holders of class A-shares in the Rights Issue
There are currently six holders of class A-shares in Morphic, of which five are
private individuals and one is Mariegården Investment AB owned by a limited
number of private individuals. Holders of class A-shares include founders of
Morphic and individuals who have financially supported Morphic's development
since the company's founding. All holders of class A-shares in Morphic have
undertaken to use their full entitlement to subscribe for new class A-shares in
the Rights Issue. A number of holders of class A-shares have also undertaken to
use their entitlement to subscribe for new class B-shares. A number of holders
of class A-shares may need to sell portions of their existing holdings of class
B-shares or portions of their allocated subscription rights for class B-shares
to fund their subscription of new shares in the Rights Issue. Any such sale will
be carried out in the most advantageous manner possible for Morphic and the
Rights Issue.

Commitments and underwritings equal to 100% of the Rights Issue
The above-mentioned subscription commitments from holders of class A-shares,
subscription commitments from certain holders of class B-shares, statements of
intent on subscriptions from a number of institutional owners and underwriting
agreements together make up 100 percent of the Rights Issue, as announced
previously. Subscription commitments correspond to 8 percent in total,
statements of intentions to subscribe to 15 percent and underwriting agreements
to 77 percent of the Rights Issue amount. For more information, see the
prospectus for the rights issue that is released today.
Company presentations
During the subscription period Morphic will arrange company presentations for
shareholders at which management will present the business. These meetings will
be held as follows:

Stockholm, October 2, 2008, at 5:30 pm
Address: Nordea, Smalandsgatan 17, SE-10571 Stockholm

Gothenburg, October 6, 2008, at 5:30 pm
Address: Hotel Riverton, St. Badhusgatan 16, SE-411 21 Gothenburg

Shareholders wishing to attend a meeting are invited to register at Morphic's
website, www.morphic.se.


For more information, please contact:
Johannes Falk, Executive Director, Investor Relations, Morphic Technologies AB
Phone: +46 (0)70-676 73 93
E-mail: johannes.falk@morphic.se

This is Morphic
Morphic is a Swedish engineering group operating in the areas of Fuels Cells,
Wind Power, Energy Systems based on Fuel Cells and engineering technology. The
Group has about 230 employees and conducts operations in six countries - Sweden,
Norway, Japan, Greece, Italy and Switzerland. Morphic Technologies' B shares
have been listed on the OMX Nordic Exchange since March 4, 2008, and the number
of shareholders is about 25,400.