Doro has raised SEK 16 million in a directed share issue

Press releaseLund, Sweden, November 16, 2009Doro has raised SEK 16 million in a directed share issueBased on shareholder's authorization following the Annual General Meeting onMarch 26, 2009, the Board of Directors of Doro AB (publ) (“Doro”) has resolvedupon a directed share issue comprising a total of 1,700,000 shares. Doro hasraised SEK 16,150,000, before issuing costs, in the directed share issuing. Thesubscription price was set at SEK 9.50 per share. The share capital of thecompany increase as a result from the directed share issue with SEK 1,700,000to a total of SEK 19,107,631. The share issue was carried out after the NASDAQ OMX Nordic Exchange closed onNovember 13, 2009 and was directed to a limited group of institutional andother major investors. The reason for the deviation from the preferentialrights of the shareholders is that the company wants to procure funds forcontinued expansion without the delays and costs associated with such shareissue. In order to facilitate the deal, Doro's largest owner, Originat AB, is lending1,700,000 shares to Erik Penser Bankaktiebolag that will be forwarded to thesubscribing investors and institutions as freely tradeable shares, pendingregistration of the share issue by the Swedish Companies Registration Office. After the share issue is registered, the total number of issued shares in Dorowill be 19,107,631, entailing a dilution effect for the existing shareholderswith 8.9 percent post issue. Background and rationaleIn the last years, Doro has developed the business unit Care Electronics frombeing a small part of the group to become a major part and a fast growingbusiness segment with particular success in the user friendly GSM phones forseniors.In 2009, Doro has raised the activities and investments in this sectorand managed to close major new partnerships with leading operators anddistributors in several geographical markets. The management has also secured quality of the organization and the products,one major demonstration of it being the success in passing the high demandingcertification for mobile phones in the US.“We now want to accelerate theexpansion and further secure Doro's position as category leader in the GSMniche that we have been part of developing. In 2010, we plan to expand into newmarkets and develop our offering further in existing and new markets”, saysJérôme Arnaud, CEO of Doro. The Board of Directors in Doro supports the proposed growth strategy and hasdecided to strengthen Doro's capital base by raising equity in this shareissue. For further information, please contact:President and CEO Jérôme Arnaud, +46 70 918 55 42 orCFO Annette Borén, +46 70 630 00 09This is information that Doro AB (publ) is required to publish in accordancewith the Swedish Securities Markets Act and/or the Swedish Financial TradingAct. This information was submitted for publication on November 16, 2009 at08.00 am CET. About Doro With over 30 years' experience in telephony Doro is todaycharacterized by innovative and user-friendly consumer electronics products.The company develops, markets and sells a wide range of products in twobusiness units: Care Electronics and Home Electronics. The company's productsare sold in more than 30 countries worldwide through a variety of retailoutlets, including electronics stores, online stores and specialized channels.The company had sales of SEK 363 million in 2008. Doro's shares are quoted onthe OMX Nordic Exchange Stockholm, Nordic list, Small companies. Read moreabout Doro at www.doro.com. Erik Penser Bankaktiebolag is Certified Adviser.


Doro AB
Jörgen Kocksgatan 1 B
211 20  Malmö
Phone 0046 46 280 50 00

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