Release from ReadSoft AB's Annual General Meeting 2011

Release from ReadSoft AB's Annual General Meeting 2011

Jan Andersson, ReadSoft's President and CEO, concluded in his
presentation at the Annual General Meeting that the result from 2010 was
one of ReadSoft's strongest ever. The market gradually improved during
the year which contributed to a 93% increase of the EBITDA-result.
Profit before and after tax increased manifold over the previous year. A
stronger Swedish krona concealed ReadSoft's real growth which amounted
to 6% in local currencies. All markets where ReadSoft has subsidiaries
grew in 2010 and in the latter half of the year ReadSoft also showed
accelerating license sales. ReadSoft's new products were very well
received by both the company's existing and new customers. Overall, this
has created a platform for continued growth.
Jan Andersson also introduced the first quarter results for 2011 where
he described a continued positive market. He noted that ReadSoft has
laid a good foundation for 2011 by delivering 12% growth in local
currencies; improved performance across the board and a very strong cash
flow from operating activities.

At ReadSoft AB's annual meeting today, the following resolutions were
among those passed:
Election of Board of Directors
The Directors Göran E Larsson (chairman), Lennart Pihl, Anna Söderblom,
Lars Appelstål, Håkan Valberg and Peter Gille were re-elected for a new
period.  Jan Andersson was elected new Director of the Board.
Election of auditor
The annual meeting elected Öhrlings PricewaterhouseCoopers AB as auditor
until the end of the annual meeting 2012. 
Dividend
The annual meeting decided on a dividend of SEK 0,25 per share with May
6, 2011 as the day of record for dividend.
Nomination committee
The meeting decided that a nomination committee shall be appointed with
the assignment in connection with next year's annual meeting to submit
proposals, among others, with respect to election of the Board of
Directors, compensation to the Board and the auditors and election of an
election committee. The chairman of the Board shall invite minimum four
of the largest shareholders as per 30 September 2011 to appoint one
representative each and to together with the chairman comprise the
Nomination Committee.
Incentive program
The meeting decided to approve the resolution from the board on an
incentive program for employees. Right to subscribe to the convertibles
shall be leading employees and key employees in the ReadSoft group. The
program will consist of maximum 350,000 convertibles and one convertible
may be conversed to one B-share. Conversion to B-shares may be made from
June 23, 2014 to November 28, 2014. The conversion price shall
correspond to 125 % of the average price paid for the B -share in the
company on the Stockholm stock exchange's official list during the
period May 4, 2011 - May 10, 2011. At full conversion the company's
share capital will increase with SEK 35,000 and the dilution will be
approximately 1.1 percent of the share capital and 0.8 percent of the
votes.
Authorization of the Board to decide on new issues of shares
The meeting decided to authorize the Board of Directors to, at one or
several occasions, up to the next annual meeting 2012, execute new
issues of shares with maximum 3,200,000 shares, series B. The new shares
may be issued with deviation of shareholders' preferential rights. The
reasons for the Board to be able to deviate from shareholders'
preferential rights are that financing may be required in connection
with future acquisitions with payment in shares and/or issue of new
shares with payment in capital contributed in kind.
Purchase and transfer of own shares
The meeting decided to authorize the Board of Directors, at one or
several occasions, up to the next annual meeting 2012, decide on
purchase and transfer of own shares. Purchase may be made of maximum a
number of shares so that the company's possession of shares at each
point in time does not exceed ten % of the total number of shares in the
company. Transfer may be made without the shareholders preferential
rights on NASDAQ OMX Stockholm and to third parties in connection with
acquisition of companies or businesses. The purpose of the authorization
is to give the Board of Directors possibility to adjust the company's
capital structure and to enable acquisition financing through use of own
shares.
This information is such that ReadSoft AB (publ) is to publish in
accordance with the Swedish Securities Markets Act and/or the Financial
Instruments Trading Act. The information was submitted for publication
on May 3, 2011 at 17:30 CET.

For additional information, please contact:
ReadSoft
AB                                                                      
                                  
Jan Andersson, President and CEO                                       
Phone: +46 708 37 66 00
Lars Hörberg, Legal Counsel
Phone: +46 42 - 490 21 26 alt. +46 708 37 66 53
E-mail: lars.hoerberg@readsoft.com (lars.hoerberg@readsoft.com)
Johan Holmqvist, Vice President, Corporate Communications
Phone: +46 708 37 66 77
Email: johan.holmqvist@readsoft.com (johan.holmqvist@readsoft.com)