Proposal regarding split presented to Extraordinary
General Meeting of Shareholders

The Board of Directors of SkiStar AB (publ) have resolved to propose a
share split 2:1 of the SkiStar share at an Extraordinary General Meeting
of shareholders. The split entails that each shareholder shall receive
two new shares for every one old share. The share split shall take place
in order to improve the liquidity of the company's share. In addition,
it will be possible for a greater number of shareholders to utilise
SkiStar's favourable shareholder discounts. The shareholder discount
implies that shareholders, with a holding of a minimum of 200 shares in
SkiStar, shall receive a 15% discount on ski passes, ski hire and ski
schooling at all of SkiStar's destinations: Sälen, Åre, Vemdalen and
Hemsedal.

It is proposed that the Extraordinary General Meeting of shareholders
shall be held on 20 April 2004. Notice of the...