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Number of shares and voting rightsMar 23, 2009 (Hugin via COMTEX) -- Constellation Growth Capital exercise warrants and receives new class B shares in Net Insight 23 March, 2009 Stockholm, Sweden - Number of shares and voting rights: Constellation Growth Capital exercise warrants and receives new class B shares in Net Insight Constellation Growth Capital has exercised warrants equal to 10 042 440 number of Net Insight shares of class B. Constellation made its first investment in Net Insight in 2004 including a subscription of warrants and is a major shareholder of Net Insight. As of March 23, 2009 the total number of shares in the Company is 389 933 009, of which 1 300 000 are class A shares and 388 633 009 are class B shares. One class A-share entitles the holder to 10 votes and one class B share to one vote. The total number of votes in Net Insight is 401 633 009. Constellation Growth Capital's holdings are approximately 12% of the shares and votes. "Constellation invested in Net Insight at a critical point in our development," says Fredrik Tragardh, CEO of Net Insight. "With their broad industry competence, professional network as well as hands on contributions they have been key to our positive development." "Our continued investment in Net Insight is a vote of confidence in the company management and Net Insight's long term prospects," says Clifford H. Friedman, Senior Managing Director at Constellation Growth Capital. For more information, please contact: Fredrik Tragardh, CEO of Net Insight AB, +46 8 685 04 69, [email protected] Clifford H. Friedman, Senior Managing Director, Constellation Growth Capital, +1 212 287-6792, [email protected] The information in this press release is such information that Net Insight is required to publicly disclose pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 23 February, 2009 at 9.00 am CET. About Net Insight Net Insight delivers the world's most efficient and scalable optical transport solution for Broadcast and Media, Digital Terrestrial TV, Mobile TV and IPTV/CATV networks. Net Insight products truly deliver 100 percent Quality of Service with three times improvement in utilization of bandwidth for a converged transport infrastructure. Net Insight's Nimbra(TM) platform is the industry solution for video, voice and data, reducing operational costs by 50 percent and enhancing competitiveness in delivery of existing and new media services. World class customers run mission critical video services over Net Insight products for more than 100 million people in more than 30 countries. Net Insight is quoted on the Stockholm Stock Exchange. For more information, visit www.netinsight.net About Constellation Growth Capital For more information, please visit www.constellationventures.com This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement. SOURCE: Net Insight AB |