Share capital development

Year	Type of Change	Change in share capital	Par value per share	Total share capital	Number of shares issued	Total number of shares issued
1995	Incorporation	50,000.0	500.0	50,000.0	100	100
1998	Split 1:50	0.0	10.0	50,000.0	0	5,000
1999	Employee issue and split 1:100	2,965.0	0.1	52,965.0	29,650	529,650
1999	Employee issue	100.0	0.1	53,065.0	1,000	530,650
2000	Split 1:10	0.0	0.0	53,065.0	0	5,306,500
2000	Private placement of new shares	4,028.1	0.0	57,093.0	402,814	5,709,300
2000	Bond conversion	1,271.9	0.0	58,365.0	127,186	5,836,500
2000	Increase in share cap. Transfer from co. funds	1,108,935.0	0.2	1,167,300.0	0	5,836,500
2000	Employee issue	4,068.0	0.2	1,171,368.0	20,340	5,856,840
2000	New issue related to acquisition of Hern Labs	18,741.8	0.2	1,190,109.8	93,709	5,950,549
2001	Private placement of new shares	30,000.0	0.2	1,220,109.8	150,000	6,100,549
2001	Split 1:10	0.0	0.02	1,220,109.8	0	61,005,490
2002	Warrents	12,718.6	0.02	1,232,828.4	635,930	61,641,420
2003	Private placement of new shares	305,000.0	0.02	1,537,828.4	15,250,000	76,891,420
2003	Private placement of new shares	28,826.6	0.02	1,566,655.0	1,441,330	78,332,750
2003	Conversion of loan	126,399.9	0.02	1,693,054.9	6,319,997	84,652,747
2004	Initial Public Offering	250,000.0	0.02	1,943,054.9	12,500,000	97,152,747
2004	Employee options	7,150.0	0.02	1,950,204.94	357,500	97,510,247
2004	Employee options	29,855.0	0.02	1,980,059.94	1,492,750	99,002,997
2004	Employee options	5,250.0	0.02	1,985,309.94	262,500	99,265,497
2005	Employee options	30,165.0	0.02	2,015,474.94	1,508,250	100,773,747
2005	Warrents	41,066.66	0.02	2,056,541.60	2,053,333	102,827,080
2005	Employee options	5,750.0	0.02	2,062,291.60	287,500	103,114,580
2005	Employee options	10,500.0	0.02	2,072,791.60	525,000	103,649,500
2005	Warrents	85,333.32	0.02	2,158,124.92	4,266,666	107,906,246
2006	Increase in capital	130,000	0.02	2,288,124.92	6,500,000	114,406,246
2006	Employee options	43,440	0.02	2,331,564.92	2,172,000	116,578,246
2006	Increase in capital	7,000	0.02	2,338,564.92	350,000	116,928,246
2007	Increase in capital	10,000	0.02	2,348,564.92	500,000	117,428,246

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