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Prevas expands in the Oresund Region through merger with Glaze

The merger was carried out by Prevas acquiring Glaze Holding AB and its subsidiaries. Glaze is a
consultancy firm with offices in Malmö, Copenhagen and Aalborg, specialising in the development
of intelligent products.

Glaze supplies consultancy services in the area of product development of intelligent products. In
addition to complete turnkey projects, Glaze also offers specialist consultancy within software,
hardware and engineering. Glaze is expanding quickly and has 35 employees based at its offices in Malmö, Copenhagen and Aalborg and expects turnover to reach approx. SEK 25 million in 2005.

Prevas has previously had customers such as Autoliv, Alfa Laval, Findus and others in the region.
Glaze brings new customers such as Panasonic, Axis Communications, Sony Ericsson Mobile
Communications, Novo Nordisk, Precise Biometrics, Texas Instruments and more into the fold.
An acquisition contract has been signed effective 3 January 2006. The fixed purchase price is
comprised of 350,000 newly issued Prevas B-shares, which on the day were estimated to be worth approx. SEK 7 million. The transaction will result in a dilution of 4% and a supplementary purchase price linked to Glaze´s results in 2006 and 2007 may also be realised. The total purchase price including the supplement cannot exceed SEK 20 million, however. Glaze´s business will be integrated into the Prevas Group and the projected positive effect on the result is expected to be in the range of SEK 3-4 million per year, and will reach its full effect in the second half of 2006. Glaze will be fully integrated into Prevas´ group accounts system in Q1 of 2006.

The board intends to issue new Prevas shares using the authority given it at the ordinary general
meeting held on 17 March 2005.

“The acquisition of Glaze is the start of expansion in the Öresund Region within the field of product
development. Prevas´ existing successful and fast-growing business in Malmö markets and supplies industrial systems, but what we now have is significantly increased capacity in the dynamic Öresund Region and Aalborg, and can offer customers services within Prevas´ entire business area", says Anders Englund, Managing Director of Prevas.

“Ever since its start in 2000, Glaze has experienced high levels of growth. By merging with Prevas
we are better equipped to continue our expansion in the Öresund region.
Prevas´ corporate culture, size and good track record means that Glaze´s activities will fit in
extremely well", states Lars Israelsson, Managing Director and one of the main shareholders of
Glaze.

About Prevas

Prevas develops intelligence in products and industrial systems. Prevas is a project-oriented, hi-tech IT company. We offer consultancy services, products and customer support to companies developing products with a large IT content, or that need to streamline or automate their business. Prevas solutions are renowned for reliable delivery and quality. Prevas is listed on the Stockholm Stock Exchange.
See also www.prevas.se

About Glaze

Glaze AB is a development company offering supply-focused specialist competence for the development of intelligent products. We are a complete supplier within product development with cutting-edge competence in software, hardware and engineering. Glaze offers a complete range of services from pilot studies, system design, construction and test/verification to certification/trials and prototype production. Glaze has offices in Malmo, Copenhagen and Aalborg.
See also www.glaze.se.

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