Report from the Annual General Meeting Of Aspiro AB (publ)

Report from the Annual General Meeting Of Aspiro AB (publ)

The proposals from the Board of Directors and Election Committee were approved
by Aspiro's Annual General Meeting (AGM), which was held on Thursday, 20 May
2010.

Appropriations
The AGM resolved to balance the result of SEK -20,261,519.49 against
non-restricted reserves and to carry forward disposable means of SEK
14,996,790.05.

Resolutions on the Board of Directors and Directors' Fees
In accordance with the Election Committee's proposal, Mats Alders (chairman),
Lars Boilesen, Peter Pay and Nils Petter Tetlie were re-elected, and Gisle Glück
Evensen and Åsa Sundberg were elected as new Board members. Directors' fees will
amount to a total of SEK 875,000, of which SEK 250,000 to the chairman and SEK
125,000 to each of the other Board members.

Resolution on Guidelines for Remuneration of Senior Executives
The AGM approved the Board of Directors' proposed guidelines for remuneration to
senior executives. The proposed guidelines were mainly in accordance with the
guidelines approved by the AGM of 2009.

Authorization for the Board of Directors to Decide on a New Share Issue
The AGM approved the Board of Directors' proposal to authorize the Board of
Directors to decide, on one or several occasions before the next AGM, on new
share issues without preferential rights of existing shareholders against cash
payment, set-off or contribution in kind. This authorization involves 19 million
shares, or equivalent to approximately 10 % of the share capital at full
exercise. The purpose of the authorization and the reason to deviate from the
preferential rights of existing shareholders, is to enable acquisitions of
operations or companies through payment in shares, but also capital
contribution, mainly in connection with acquisitions of operations or companies
but also for other purposes. A share issue may only be made at market price.
Other conditions are decided by the Board of Directors, but must be adjusted to
the conditions of the market.

Staff Stock Options
The AGM resolved on the proposal of the Board of Directors on the third and last
phase of the ongoing staff stock option plan, involving decision on the issue of
warrants and approval of the transfer of warrants and/or shares to employees.

The staff stock option plan will involve a maximum of 5 million options, with
the Chief Executive Officer receiving 30 % of the options and other members of
the corporate management each receiving up to 17.5 % of the options. These
options will be granted free of charge and will entitle their holders to acquire
the corresponding number of Aspiro shares at a price corresponding to 115 % of
the share's volume-weighted average price ten trading days after the AGM,
however, not less than the quotient value of the share, at present SEK 1.00.
Redemption is permitted by 50 % from the first anniversary of the date of
allotment, and the remaining 50 % from the second anniversary of the date of
allotment, providing the holder remains an employee of the group and that the
group's net turnover for the financial years of 2010 and of 2011, each compared
to the previous financial year, has increased by a minimum of 5 % per year. To
ensure due fulfillment of the company's commitments relating to the staff stock
option plan, the meeting resolved to issue a maximum of 5 million warrants to
the wholly owned subsidiary Aspiro Innovation AB on basically the equivalent
terms as the staff stock options.

This information is mandatory for Aspiro AB (publ) to publish pursuant to the
Swedish Securities Exchange and Clearing Operations Act and/or the Swedish
Financial Instruments Trading Act. This information was submitted for
publication at 3 p.m. on 20 May 2010.

For more information, please contact:

Kristin Breivik Eldnes
Head of Corporate communications and IR
Tel: +47 908 07 389
e-mail: kristin.eldnes@aspiro.com 

Gunnar Sellæg 
CEO
Tel: +47 901 81 528
e-mail: gunnar.selleg@aspiro.com

Aspiro in Brief
Aspiro has unique positioning as the world's only provider of complete TV and
music streaming services for partners that want to put their own branding on the
service. As the northern European market leader in mobile entertainment, Aspiro
has over ten years' experience in mobile technology and retail, delivering
services to partners worldwide like T-Mobile, Telefónica O2, Telenor, 3,
TeliaSonera, Tele2, the BBC, Aftonbladet, mBlox, TVNorge, Entel and VG. Aspiro
is listed on Nasdaq OMX Nordic Exchange Stockholm and has a local presence in
all the Nordic and Baltic countries, as well as the US. Sales in 2009 were SEK
441 m and the company has some 150 employees.