Owner Options to Board Members and Management in NovaCast Technologies AB

STOCKHOLM, Sweden--Regulatory News:

NovaCast Technologies AB (STO:NCASB)

Rudolf Sillén converts Class A shares to Class B shares

Hans Svensson, Rudolf Sillén and Mariegĺrden Investment AB have released 115.000 new options on existing shares to Board members and management in the NovaCast group. At the same time, all 315.000 options released earlier have been cancelled, with the exception of 20.000 released to previous Chairmen of the Board, Göran Kroon and Peter Augustsson. Owners have released a total number of options on 135.000 Class B shares. Hans Svensson privately and through wholly-owned companies has released options on 85.000 shares, Rudolf Sillén on 20.000 and Mariegĺrden on 30.000. The total number of released options has been distributed in the following way:

Number of shares

Bo Hedenström, Chairman of the Board 20.000
Jan Erik Dantoft, Board member 10.000
Hans Wikman, Board member 10.000
Lars-Olof Strand, Board member 10.000

Rolf Mastenstrand, CEO, Camito AB 15.000
Janni Dimovski, CEO, CTC and SwePart 20.000
Peter Vomacka, CEO NovaCast Foundry Solutions 15.000
Kent Bengtsson, CFO for group 15.000

Previous Chairmen of the Board, Göran Kroon and Peter Augustsson own 10.000 each with a duration until 20100630.

Each new option entitles the acquisition of one share with a duration until 20120701. Exercising the right to buy shares is dependent on how the NovaCast shares develop and whether the concerned party continues to be involved within NovaCast.

NovaCast’s founder and previous Board member, Rudolf Sillén, has converted all of his 97.028 Class A shares to Class B shares. The total number of A Class shares in NovaCast will thereafter be 1.770.111 and the number of Class B shares will be 11.837.050.

NovaCast Technologies, listed on the OMX Nordic Exchange (NCAS B), develops and markets enhanced castings for the production of car body parts, as well as software for methoding, simulating and process control for more efficient production processes to the global automotive industry and its subcontractors. With the Camito technology enhanced castings are manufactured in one solid piece for the production of dies for forming stamping automotive body components in a considerably shorter time than traditional dies. Through die manufacturer SwePart the group has expertise within the whole value chain for the production and sales of stamping dies.

More information is available on www.novacast.se

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