(April 21, 2009) T&#196BY, Sweden &#151 Micronic Laser Systems AB intends to acquire MYDATA automation AB. In the proposed transaction, Micronic would acquire MYDATA from Skanditek Industrif&#246rvaltning and the minority shareholders against payment in the form of newly issued shares in Micronic. Combining Micronic and MYDATA will create large potential within the market for electronic packaging using Micronic’s and MYDATA’s complementary imaging and deposition technologies.

Following the transaction, Skanditek Industrif&#246rvaltning will be the largest shareholder in Micronic, owning approximately 38% of the capital and votes. The transaction is expected to result in operational synergies as well as reduced financial volatility for the combined company, according to Micronic, and would have annual sales of SEK 1.2 billion based on 2008 performance, approximately 640 employees, and operations in 11 countries. MYDATA, headquartered in Bromma, Sweden, has approximately 290 employees. Operations such as development and manufacturing are conducted in Sweden. The company also has sales and service operations in the U.K., Germany, France, the Netherlands, the U.S., Japan, Singapore, and China. In 2008, MYDATA reported sales of SEK 625 million and an operating loss of SEK 31 million under Swedish GAAP.

Combining Micronic and MYDATA will create large potential within the growing market for electronic packaging using Micronic’s and MYDATA’s complementary knowledge and experience in this market, according to Micronic. Micronic sees an opportunity to develop new products within the field of electronic packaging in PCBs. Micronic has technology with superior precision and data handling for image formation in the area of advanced electronic packaging. MYDATA has a strong PCB industry history and the MY500 product for direct write or jetting of solder paste. Micronic plans to develop these technologies into products for silicon circuits through finished PCB markets.

Micronic Laser Systems AB is a Swedish high-tech company engaged in the development, manufacture and marketing of a series of extremely accurate laser pattern generators for the production of photomasks. The technology involved is known as microlithography. Micronic’s product offering also includes metrology systems for display photomasks. MYDATA designs, manufactures, and markets SMT process equipment based on a modular hardware and software design for high-mix/high-yield production. The company’s products are focused on faster changeovers and set ups, and on achieving the lowest possible cost per mounted component.

The companies are similar enough to already today benefit from synergies by coordinating sourcing, R&D efforts, and administrative functions, Micronics asserts. There will also be cooperation benefits by a more optimal use of the two organizations’ production facilities. The two companies are today operating on somewhat different geographical markets, Micronics adds, stating that the acquisition would create opportunities for MYDATA to strengthen its presence in markets where Micronic is strong such as Japan, South Korea, Taiwan, and China.

Micronic operates on a market with low short-term demand visibility and high cyclicality that makes the company’s sales and profits volatile. MYDATA’s markets are also cyclical, but with a business cycle that is more stable than Micronic’s. MYDATA’s business is based on a structure with a large number of small customers, which differs from Micronic’s structure based on small number of large customers. Combining Micronic with MYDATA is thereby expected to reduce the overall volatility in sales and profitability. Given the relatively small size of both Micronic and MYDATA, a combination of the two companies would likely have a positive effect in the capital markets.

Based on Micronic’s closing share price on NASDAQ OMX Stockholm on April 20, 2009, of SEK 13.50, the market capitalization of Micronic totaled SEK 529 million, implying a value of MYDATA of SEK 352 million. Based on Micronic’s average closing share price on NASDAQ OMX Stockholm over the preceding 30 trading days of SEK 9.96 per share, the corresponding values totaled SEK 390 million and SEK 260 million for Micronic and MYDATA respectively. Skanditek will have the right to appoint two of five (or corresponding ratio) board members in connection with Micronic’s extraordinary general meeting to be held on July 2, 2009.

Due diligence will take place immediately, concluding on May 12. A prospectus will be made public on June 16. The newly issued shares, should the acquisition proceed as indicated, will be included in trading on NASDAQ OMX Stockholm on July 13. The transaction is conditional upon, inter alia, that an extraordinary general meeting (EGM) in Micronic approves the new share issue of approximately 26.1 million shares with payment in kind as well as an amendment of the articles of association in order to enable the new share issue, which requires support of shareholders representing not less than 2/3 of the votes cast as well as of the shares represented at the EGM. The Board of Directors of Micronic intends to summon an EGM once a binding share purchase agreement has been entered into between Micronic and Skanditek.

Carnegie is acting as financial adviser and Advokatfirman Vinge is acting as legal adviser to Micronic in connection with the Transaction.

A conference call will be held this afternoon at 15:30 CET where investors, analysts, and media will be given the opportunity to ask questions. Persons interested in participating on the conference call can email [email protected] or call +46 8 638 54 64 before 13.00 CET.

For more information, visit www.micronic.se.