Jeeves Board Decides to Buy Back Shares

On August 28, 2007, the Board of Jeeves Information Systems AB decided to, within the framework of the authorization from the annual general meeting of May 15, 2007, provide execution management for the buyback of own shares in the company. The buyback of own shares will total no more than 5 percent of the total number of shares in the company. The purpose is to enable an adaptation of the company's capital structure based on the company's capital needs, thereby helping to increase shareholder value.

The acquisition will be at the Stockholm Stock Exchange at a price within registered interval between the highest buy price and the lowest sell price at that time. Acquisition will be from August 31, 2007 up to the annual general meeting of 2008. There will, however, be no acquisition for 30 days prior to publication of the quarterly report, including the day of publication.

Jeeves Information System currently does not hold any own shares. The total number of issued shares is currently 2,987,864 and the highest number of shares for the buyback is 149,393. Shares that are bought back will be invalidated.


 

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