Press release from the annual general meeting of PartnerTech AB (publ), May 5, 2011

Press release from the annual general meeting of PartnerTech AB (publ),
May 5, 2011

Among the resolutions passed by the meeting were:

  · All of the company's unappropriated earnings of SEK 127,017,784 are
to be carried over to new account, as the result of which no dividend
will be payable for fiscal year 2010 (SEK 0/share for fiscal year 2009).

  · The members of the board and the CEO were discharged from liability
for fiscal year 2010.

  · The income statement and balance sheet, as well as the consolidated
income and consolidated balance sheet, were adopted.

  · The board fee was set to remain at SEK 320,000 for the chairman and
SEK 160,000 for other members who are not employees of the company.

  · Patrik Tigerschiöld, Petter Stillström, Thomas Thuresson, Henrik
Lange, Andreas Bladh and Lotta Stalin were reelected as members of the
board. Rune Glavare declined reelection and was thanked for his
services. Mr. Tigerschiöld was reelected as Chairman of the Board.
Deloitte was elected as the company's accounting firm with Per-Arne
Petersson as principal auditor. It was resolved that audit fees will be
payable in accordance with approved invoices.

  · Proposed guidelines were adopted governing remuneration for
management. For full terms and conditions, please go to
www.partnertech.com

  · The proposed incentive program for the CEO, senior executives, plant
managers and other key employees was adopted. The program will consist
of no more than 379,950 warrants, which are expected to have a maximum
dilutive effect of just under 3% of share capital upon full
subscription.

  · Whether with or without departure from the preferential rights of
shareholders, the meeting authorized the board to reach decisions
concerning one or more issues prior to the next annual general meeting
totaling no more than 1,266,490 new shares, representing dilution of
just under 10% of share capital and total number of votes. The purpose
of the authorization is to enable acquisitions.

President and CEO Leif Thorwaldsson presented PartnerTech's sales and
earnings figures for 2010 and the first quarter of 2011. He noted that
both sales and earnings steadily improved in 2010 and that the company
reported a profit in the fourth quarter after various measures and
changes had made an impact at the same time as sales increased. The
trend continued in the first quarter. He also referred to the fact that
the company made significant investments in 2010 that further strengthen
the competitiveness of its customers. The biggest investment was the new
plant in Myslowice, Poland, one of Europe's most modern and highly
automated facilities for sheet metal working and systems integration. As
a result of the investment, the unit in Sieradz, Poland was streamlined
to a highly efficient electronics plant with new production equipment.
Customers have exhibited great interest and see many advantages of this
complete production base in Eastern Europe.

Mr. Thorwaldsson emphasized that the company's main focus in 2011 will
be sustainable profitability in all markets, and that activities that
promote internal efficiency and capital tied-up will thereby continue to
receive top priority. He concluded by remarking that PartnerTech's broad
offering, industrial structure and unwavering focus provide good
prospects for continued growth.

For additional information, please call:
Leif Thorwaldsson, President and CEO, +46 40-10 26 41
Marielle Noble, Communications and Investor Relations Manager, +46 40-10
26 43