Karolinska Development New Share Issue Completed - Raising 380 MSEK (36 MEUR)

STOCKHOLM, December 21 - Karolinska Development has successfully completed a new share issue
raising 380 MSEK (approximately 36 MEUR). This will secure Karolinska
Development's continued active investment strategy in its portfolio
companies.

"The significant interest in this share issue shows confidence in the
strength of our business model and will enable us to pursue our long term
investment strategy. I am also pleased that we have attracted 450 new
shareholders giving Karolinska Development a total of around 750
shareholders. This further broadens our ownership base ahead of our planned
IPO which we intend to carry out in 2010", said Conny Bogentoft, CEO of
Karolinska Development.

The new issue covered 6 146 431 series B shares at an issue price of 62
SEK, corresponding to 19 percent of the capital. Five of the largest
shareholders in Karolinska Developments, The Third Swedish National Pension
Fund, Östersjöstiftelsen, Näsudden Investeringar AB, Foundation Asset
Management and Praktikerinvest signed for shares corresponding to 55 MSEK.

SEB Enskilda led the share issue with EFG Bank and Singer Capital Markets
as co-leads.

Karolinska Development manages one of the largest portfolios of life
science companies in Europe. Using a unique, highly cost-efficient business
model, the management team guides the commercialization of world-class life
science innovations, helping to shape the next-generation pharma industry.
Since 2003, Karolinska Development has built a portfolio of some 40
companies; among the company's projects 12 compounds are undergoing clinical
trials. The portfolio also includes a total of 19 potential
first-in class products.

www.karolinskadevelopment.com

    For more information, please contact:
    Gunnar Casserstedt, CFO, Karolinska Development AB
    Phone: +46-(0)73-068-3700, e-post:
    gunnar.casserstedt@karolinskadevelopment.com

For more information, please contact: Gunnar Casserstedt, CFO, Karolinska Development AB Phone: +46-(0)73-068-3700, e-post: gunnar.casserstedt at karolinskadevelopment.com