Director's report The share

The Cybercom Share

• Cybercom
• OMX Stockholm IT Services
• OMX Stockholm All Share
• Shares traded in thousand, including post-notification

On 1 December 1999, Cybercom's share was quoted on the Stockholm stock exchange (now OMX Nordic Exchange, Stockholm). During 2007, Cybercom implemented a preferential rights issue for which 5 existing shares gave shareholders the right to 4 new shares, adjusted for the share price of SEK 58 on 29 December 2007 (76% increase). The share is traded under the CYBE designation. A round lot consists of 200 shares.

Share capital

Due to the share issue, on 31 December 2007, Cybercom's share capital rose during the year to SEK 22.4 million (12.3), distributed over 22,384,362 shares (12,321,757). All shareholders have equal right to a share of the company's assets and profits. The share's quotient value is 1.

In early 2007, there were 115,000 outstanding warrants, comparable to the same number of shares. Of these 115,000 warrants, 114,000 were exercised during the year, and 1,000 were not exercised and expired. In addition to these, at the start of 2007, Cybercom had 85,000 custodial warrants that were not exercised during the year. There were no outstanding warrants at year-end.

Share price trend and sales

In 2007, Cybercom's share price rose 76% - a considerable increase compared to OMX Stockholm IT Services (which includes Cybercom's share), which fell 19% during the same period. OMX Stockholm All-Share (the exchange's general index) also fell in 2007 but not as much - only 6%.

At year-end, Cybercom's share was worth SEK 58. Its highest price during the year was SEK 67.00 (11 October) and its lowest was SEK 31.42 (5 January and 10 January, rate adjusted for share issue).

At year-end 2007, Cybercom's market value was SEK 1,298 million (505). In 2007, 12,926,852 (8,336,018) shares were traded, which is equivalent to a value of SEK 723 million (300). On average, 51,707 shares (33,613) were traded each day, which translates to SEK 2.9 million (1.2) per trading day. During the year, 13,304 Cybercom share transactions (6,215) were completed. The annual turnover rate was 84.0% (67.6).

Shareholders

At year-end there were 3,191 (2,863) registered shareholders, of whom 60% (71) owned 500 or fewer shares.

Swedish institutional shareholders owned 76.8% (70.2); Swedish private shareholders, 12.6% (18.1); and company executives, 1.0% (0.7).

Foreign shareholders owned 9.6% (11.7), of whom 9.4% were institutional and 0.2% private shareholders.

Authorising the board to buy back Cybercom shares

The 2007 AGM participants authorised the board - on one or more occasions in the period until the next AGM - to decide on (1) increasing Cybercom's share capital via new issues of at most 12,500,000 shares and (2) buying back shares that correspond to a maximum of 10% of Cybercom's share capital. The board did not exercises its mandate to buy back shares during the year.

Dividend policy

The board intends to secure Cybercom's growth. The Group's investment needs and financial position will always be considered before dividend-related decisions are made. The board proposes to the AGM that no dividend be issued for the 2007 financial year.

Shareholder structure on 31 December 2007:

Ownership

• Institutions, Swedish 76.8%
• Private owners, Swedish 12.6%
• Institutions, foreign 9.4%
• Executives 1.0%
• Private owners, foreign 0.2%