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Stockholmsbörsen imposes certain fundamental requirements on issuers seeking to list their shares at the Exchange such as shareholder distribution, management, the composition of the board of directors, financial controls and the issuer´s capacity for providing information to the stock market. In the event that the issuer materially fails to fulfil the applicable requirements for listing, the Exchange´s Board of Directors may resolve to delist the issuer´s traded securities. Determinations by the Board of Directors of the Exchange from 1990 up until today are available below.

2004

Minutes 2004-09-29 Fastighets AB Tornet

The company was placed on the O-list under observation since the company no longer fulfilled the continuous listing requirement regarding ownership concentration stating that at least 25 percent of the shares of a company shall be held by the general public. The company had explained that the company would not be able to satisfy the Exchange's diversification requirement and the Stockholm Stock Exchange Board therefore concluded that the company no longer satisfies the conditions for remaining on the O-list.

Minutes 2004-09-29 ACH Securities S.A.

The member company did not provided Stockholm Stock Exchange with certain information on request, and did not demonstrated that it could provide such information in the future. This meant that the company did not fulfill the requirements for exchange membership. The Stockholm Stock Exchange Board decided therefore to terminate the exchange membership of the member company. The complete determination is available in Swedish only.

2004 - Fastighets AB Tornet

2004 - ACH Securities S.A.

2002

Minutes 2002-10-17 Cellpoint AB

The company was placed on the O-list's observation segment owing to the fact that major uncertainties existed concerning the company's financial position. Since the uncertainties subsisted notwithstanding that more than seven months had elapsed and that the company had been unable to fulfil the requirements concerning financial management and stock market information applicable to listed companies, the board of directors of Stockholmsbörsen decided to delist the company. The complete determination is available in Swedish only.

2002 - Cellpoint Inc

2001

Minutes 2001-10-01 Columna Fastigheter AB

On 16 March 2000, the company was placed on the O-list's observation segment following the company's decision to change its operational focus. Approximately six months later, the decision was reviewed and the company intended to return to its original operational flows. However, the Exchange considered that the uncertainty concerning the company remained. Taking into account the large number of shareholders and that a credible plan had been presented in order to facilitate a return to the O-list, the Exchange accepted continued listing whilst placing the company under observation. At this time, the company had been under observation for over a year. However, four months later, the company's board of directors announced that they had decided to suspend certain activities in the plan which was to facilitate a return to the O-list. Since the company had now been on the observation segment for over a year and six months, and ambiguities still existed regarding the board of directors and the management, the board of directors of Stockholmsbörsen resolved to delist the company. The complete determination is available in Swedish only.

2001 - Columna Fastigheter AB

2000

Minutes 2000-06-28 Autofill AB

The company was placed on the O-list's observation segment as a result of ambiguities regarding the company's long-term financing and organisation. Since the ambiguities had not been rectified notwithstanding that more than eight months had elapsed, the board of directors of Stockholmsbörsen resolved to delist the company. The complete determination is available in Swedish only.

2000 - Autofill AB

1998

Minutes 1998-10-20 Solitair Kapital AB

As a consequence of changes in the board of directors of the company and uncertainty regarding its future direction, an investigation was undertaken for the purpose of determining whether the company fulfilled applicable listing requirements. The investigation shoved that the company did not fulfil applicable requirements in respect of the composition of the board of directors and the company's ability to provide external stock market information. Since the company no longer fulfilled the applicable listing requirements (Listing Agreement, section 4), the board of directors of the Exchange resolved to delist the company. The complete determination is available in Swedish only.

1998 - Solitair Kapital AB

1994

Minutes 1994-10-27 Fermenta AB

In conjunction with a change of ownership in the company, its operations were altered and the Exchange found that uncertainty prevailed in respect of the significance of the changes. The Exchange appointed an examiner to monitor the situation. Following additional events, the examiner concluded that the company's management and board of directors did not fulfil the requirements imposed on a listed company. The stated omissions were so significant that the board of directors of the Exchange resolved to delist the company. The complete determination is available in Swedish only.

Minutes 1994-10-06 Hoist International AB

Given that the company's operations were on a minor scale and being wound up, and due to the fact that the company did not fulfil the requirements pertaining to share distribution the board of directors of the Exchange resolved to delist the shares. The complete determination is available in Swedish only.

1994 - Hoist International AB

1994 - Fermenta AB

1992

Minutes 1992-09-11 Bilspedition AB

The company provided incomplete and untimely information regarding the costs of its property transactions. In addition, on a subsequent occasion, the company failed to adjust an overly optimistic forecast in a timely manner. In addition, the Board of Directors of the Exchange was of the opinion that the company did not provide correct information in respect of a guarantee undertaking. Following these repeated omissions, the company was ordered to pay a fine equal to eight times the annual fee. The complete determination is available in Swedish only.

1992 - Bilspedition AB

1991

Minutes 1991-10-16 Nobel Industrier AB

The company failed to publish material problems relating to a number of agreements. One of the agreements was even deemed to violate the Listing Agreement's rules concerning agreements with closely-affiliated parties. The company was ordered to pay a fine equal to seven times the annual fee. The complete determination is available in Swedish only.

1991 - Nobel Industrier AB

1990

Minutes 1990-11-07 Independent AB (formerly Infina)

As a consequence of the company's failure to publish a very significant "profit warning" in a timely manner, the company was ordered to pay a fine equal to five times the annual fee. The complete determination is available in Swedish only.

Minutes 1990-10-08 Nyckeln Holding AB

The Board of Directors of the Exchange resolved to delist the company as a consequence of the company's suspension of payments. The complete determination is available in Swedish only.

Minutes 1990-06-07 Finnveden Invest AB

By exaggerating the value of a property portfolio following an agreement in principle and, in subsequent communication, failing to correct the error, the company was ordered to pay a fine equal to five times the annual fee. The complete determination is available in Swedish only.

1990 - Nyckeln Holding AB

1990 - Independent AB

1990 - Finnveden Invest AB

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