Nocom announces compulsory purchase of shares of IAR Systems AB

Nocom’s public offer to the shareholders in IAR Systems AB (publ) has, at the expiry of the extended acceptance period March 18, 2005, been accepted by shareholders representing 4,633,409 shares, corresponding approximately to 20.3 percent of the votes and capital of IAR Systems AB. Along with TurnIT AB’s ownership share of approximately 74.9 percent which Nocom controls, with the inclusion of the finalization of the offer to TurnIT’s shareholders Nocom controls approximately 95.1 percent of the capital and votes in IAR Systems. All perquisites for the acquisition offer have been met, and the Board of Directors decided March 10, 2005 to finalize the offer. On March 29, 2005 Nocom announced the compulsory purchase for the purpose of acquiring all shares of IAR Systems. Norcom will proceed with the procedures for a delisting of IAR Systems’ shares on the Stockholm Stock Exchange, which is expected to occur during April 2005. IAR Systems no longer meets the relevant listing requirements of the Stockholm Stock Exchange concerning diversity of ownership. In connection with this, the Stockholm Stock Exchange placed the trading of the shares in IAR Systems on the O List, under observation, on March 16, 2005. In order to make acceptance of the offer possible for the remaining shareholders in IAR Systems, the acceptance period has been extended to April 1, 2005. The acceptance may occur until 3 p.m. Friday April 1, 2005. Notice of the payment to those who accepted Nocom’s offer during the new extension period is expected to begin on or about April 6, 2005. For more information, please contact: Stefan Skarin CEO, Nocom cell: +46 708 65 10 05 e-mail: stefan.skarin@nocom.se