Press release
Kista, 23. October 2006




The new share issues are fully signed

The board of directors at CellPoint Connect AB (Publ) announces that the new share issues are fully signed. The precedence new share issue was guaranteed by a number of loan givers. The two direct new share issues are also fully signed.

A total of 12 538 773 new shares at a market price of SEK 5 have been signed resulting in approximately 20 new shareholders.

Including the new share issues, CellPoints number of total shares is 17 616 319.

The board of Directors
For further information please contact:
Michael Mathiesen, President, +45 40 45 33 32 or +46 8 633 11 96
Katarina Henriksson, Financial Director, +46 8 633 11 97

CellPoint Connect AB - Isafjordsgatan 21, 164 40 Kista - Sweden, Tel: +46 (0)8 633 11 80, Fax: +46 (0)8 633 11 81,
Post Address: Box 1280, 164 29 Kista - Sweden