The second year of the employee stock option programme 2010-2013 ended on 15 December 2011. Can you please inform if the employees subscribed for shares according to the original agreements or if the Board compensated the employees with cash, as authorised by the shareholders at the 2011 AGM? 

The Board of Directors used the authorisation given at the 2011 AGM to compensate the employees in cash instead of exercising the options for 60,000 new shares in the stock market.  In consideration of the current market conditions and the daily turnover, coupled with the dilution effects and administrative costs, the Board preferred to follow the AGM authorisation and to compensate the employees in cash. The cash alternative resulted in a cost of SEK 0.3 million, including social contributions. The costs will be accounted for during the fourth quarter of 2011.