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

2007

Increase in capital

34,530

0.02

2,383,084.92

1,726,500

119,189,276

2007

Increase in capital

7,750

0.02

2,390,844.92

387,500

119,543,246

2008

Increase in capital

650.72

0.02

2,391,495.64

32,536

119,574,782