Report from general meeting

4/29/2004 5:39 AM EST

Report from the ordinary general meeting

Effnet Group AB (publ) adopted the following resolutions at the ordinary
general meeting on April 23, 2004:

· to adopt the income statement and balance sheet as well as the
consolidated income statement and consolidated balance sheet;
· to grant the members of the Board and the CEO discharge from
personal liability for 2003;
· to approve unchanged remuneration of SEK 600,000 to the Board and
the payment of the auditor's fees in line with the approved expense
statement;
· to re-elect the current Board, consisting of Magnus Ryde, Svante
Carlsson, Göran E. Larsson, and Hans Runesten;
· to authorize the Board to resolve on new issues of stocks and/or
debentures according to proposition from the Board; and
· to consider the report from the special review according to the
decision of the ordinary general meeting of last year as duly submitted.

Magnus Ryde was re-elected as Chairman of the Board at the statutory
meeting held after the annual meeting.

For further information, please contact
Hans Runesten, CEO, +46 (0)8 564 605 50, +46 (0)702 80 26 26
Krister Moberger, CFO, +46 (0)8 564 605 50, +46 (0)8 564 611 02

About the Effent Group
The Effnet Group consists of the parent company Effnet Group AB (publ)
and three wholly-owned subsidiaries: Effnet AB, Factum Electronics AB
and Wkit Security AB. Effnet AB develops and sells Header Compression
software that increases efficiency, speed and reliability of Internet
Protocol (IP) traffic in fixed, mobile and satellite networks. Factum
Electronics AB develops and sells components and systems for digital
radio, DAB, and components for digital stereo sound in television
broadcasting, NICAM. Wkit Security AB sells its in-house developed CD
ROM copy protection software, Don't Bother Burn (DBB).
Effnet Group AB (publ) is traded on Stockholm Stock Exchange's New
Market under the EFFN ticker. For more information, visit
www.effnetgroup.se, www.effnet.com and www.factum.se.