Getupdated carry out new share issue of 67.8 million Skr to power continued growth

•  New share issue of 67.8 million Skr with preferential rights for shareholders in Getupdated
•  The share issue is fully ensured through subscription obligations and guarantees
•  New share issue terms 1:3
•  Share issue rate of 10 Skr per share
•  Subscription period 8-23 April
•  The company’s three biggest shareholders and CEO are subscribing for their share allocation
 
Background and reasoning
Getupdated Internet Marketing AB (publ) ("Getupdated" or "the Company") is a fast growing full-service provider in the market for Internet marketing and online communications. During 2007 the company carried out a number of strategic acquisitions within Internet marketing and is now thereby one of the leading players within the segment of organic search marketing with approximately 340 employees and business activities in Sweden, Great Britain, France, Norway and the USA. The company displayed robust turnover growth of more than 200% to 214 million Skr (68.1 million Skr). Operating profits increased simultaneously to 25.1 million Skr (-1.2 million Skr).
 
In the opinion of the board the financial situation must be further strengthened in order to fully exploit the Company’s opportunities for growth and profitability. This new share issue will be used to improve the Company’s liquidity in a phase of strong expansion and be used to finance the additional acquisition costs due from the corporate acquisitions which have been carried out.

Share offer Getupdated’s board has in accordance with the authorization obtained from the extraordinary shareholder’s meeting on 26th October, 2007, decided to carry out a new share issue with preferential rights to Getupdated shareholders of at most 6 781 119 shares to be subscribed at the rate of 10 Skr per share. Possession of a share gives one (1) subscription right, and three subscription rights gives the right to subscribe to one (1) new share. When the new share issue has been fully subscribed the Company will have received approximately 67.8 million Skr before costs for the share issue, and the number of shares will have increased to 27 124 475. The dilution effect for the shareholders who do not choose to exercise their rights to subscribe will amount to 25 percent. The share issue has been fully ensured through subscription obligations from larger shareholders and through share issue guarantees. The company’s three largest shareholders and the CEO are subscribing for their share allocation.
 
The decision for the new share issue is on the condition that no circumstances come into play causing the Board of Getupdated to deem the share issue to be unsuitable.
 
Timeframe
Last day for trading of the share with the right to participate in the share issue 31 March 2008
Reconciliation day for participation in the share issue                             3 April 2008
Prospectus is made public                                                                       4 April 2008
Trading with the subscription rights                                                   8-18 April 2008
Subscription period                                                                             8-23 April 2008
 
Financial Advisor
Erik Penser Fondkommission AB is the financial advisor for Getupdated in connection to the preferential rights share issue.
 
Stockholm, 27 March 2008
 
The Board in Getupdated Internet Marketing AB (publ)
 
For further information please contact:
Johan Kadar, CEO Getupdated
johan.kadar@getupdated.com
Tel: 070-887 52 32     
 
This information is of a nature which Getupdated Internet Marketing AB (publ) is obligated to make public in accordance with the law on the securities market and/or on trading using financial instruments. The information is being submitted for publication on 27 March, 2008 at 8.30 am.
 
About Getupdated Internet Marketing
Getupdated is a rapidly growing full-service provider on the market for Internet marketing and  online communications. The company delivers products and services for marketing on the Internet in infrastructure, branding, traffic generation and conversion of visitors to real business. Getupdated can increase the profitability of your Internet investment using Internet strategies, communication, concept development, web and portal development, business systems, web design, e-commerce, communities, content management systems, advertising on the Internet, search engine optimization,  affiliate networks and web hosting.
 
Getupdated Internet Marketing’s clients are companies and organisations who want to reach out to their clients and do business on the Web. Since 1999 the company has helped many companies develop their web presence such as Tele2, Unibet, Intrum Justitia, Gustavsberg and JLindeberg.
 
Getupdated Internet Marketing has in total approximately 340 employees in Sweden, Norway, Great Britain, France and the USA.  Getupdated Internet Marketing is listed on First North and has Mangold Fondkommission as certified advisor. For more information please visit www.getupdated.com.