NOVESTRA INCREASES OWNERSHIP IN MYPUBLISHER

AB Novestra has made a substantial additional investment, whereby it has increased its ownership in U.S. based myPublisher, Inc. Novestra has converted debt and executed rights to increase its stake in the company from 12.6% to 19.9%. In addition, Novestra has an option to increase its stake in myPublisher to approx. 30%.

“We have had a great collaboration with myPublisher so far and we are just starting to see the results from the efforts that the company has made in order to penetrate the digital photo market with its unique product category,” says Novestra’s Executive Vice President and CFO, Nils Bengtsson.
For further information please contact Nils Bengtsson, AB Novestra, phone No. +46 8 545 017 50.

About myPublisher, Inc.
myPublisher has developed a proprietary software which enables individuals and businesses to turn their digital photographs and other memorabilia into high-quality coffee table books and other printed products quickly and easily at affordable prices via the Internet. The company has its own production facility in Westchester, N.Y., USA and expects to launch its products in Europe and Asia during the later part of 2002.

For information regarding myPublisher, Inc., please see www.mypublisher.com

About AB Novestra
Novestra is an independent venture capital investment company with focus on investments in growth companies providing enabling network technologies and services for the communications industry. Novestra’s portfolio of companies includes B2 Bredband AB, Continuum Group Ltd, myPublisher, Inc., Netsurvey AB, Qbranch AB and Strax Holdings, Inc. Novestra’s shares are listed on the O-List of Stockholmsbörsen.
For information regarding AB Novestra, please see www.novestra.com.