An agreement on the buy-out of the capital shares was signed on 24th November 2008 between SAF TEHNIKA AS and a company registered in Sweden named PROCOTECH AB (under the name change to TREBAX HOLDING AB) which represents the current management of SAF Tehnika Sweden AB. Under the agreement PROCOTECH AB has acquired 100% of the capital shares of SAF Tehnika Sweden AB. SAF Tehnika Sweden AB will operate as an independent company but it will continue to provide services for SAF TEHNIKA AS on development of data transmission equipment. By completing the design of CFQ product line in 2008, primary aim of the establishment of SAF Tehnika Sweden AB is reached and these new relationships will provide for a greater flexibility between both enterprises.

Aira Loite, CFO

+371 67 046 833

Aira.Lote@saftehnika.com