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( p u b l ) ,

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2 6 ,

B i o r a

A B

2 0 0 3

2 / 0 3 F O R

I M M E D I A T E

R E L E A S E C h a n g e s

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T h e B i o r a B o a r d w a s a d v i s e d t o d a y t h a t a t t h e c o m p a n y ´ s A n n u a l G e n e r a l M e e t i n g o n A p r i l 2 9 , 2 0 0 3 , J a n K v a r n s t r ö m a n d L e n n a r t Jacobsson will decline to seek re-election as Directors. J a n K v a r n s t r ö m h a s b e e n a m e m b e r o f the B o a r d s i n c e J a n u a r y 2 0 0 2 a n d L e n n a r t J a c o b s s o n h a s b e e n t h e d e p u t y B o a r d m e m b e r since 1987. Both directors are declining reelection to Biora´s Board due to their i n c r e a s i n g w o r k l o a d . D u e t o t h e C o m p a n y ´ s c u r r e n t s t r a t e g y a n d broad experience of the other six Directors the Biora Board, there are no plans to no m i n e w D i r e c t o r s a t t h i s t i m e . A d e p u t y b o a r d m e m b e r w i l l b e e l e c t e d a t t h e A n n u a l G e n e M e e t i n g .

t h e on n a t e r a l

T h e A n n u a l G e n e r a l M e e t i n g o f B i o r a A B ( p u b l ) w i l l t a k e p l a c e o n T u e s d a y , A p r i l 2 9t h, 2 0 0 3 a t 4 : 0 0 p m a t E u r o p a p o r t e n i n M a l m ö , S w e d e n . T h e N o t i c e o f B i o r a ´ s A n n u a l G e n e r a l is attached to this press release.

M e e t i n g

Biora develops manufactures and sells biotechnology-based products to dentists. Its principal product, Emdogain® Gel, which is approved for sale in Europe, North America and Japan among others, naturally regenerates tooth-supporting structure that the tooth has lost due to periodontitis. Biora’s shares are listed on the "O-list" of the Stockholm Stock Exchange in Sweden.

This press release may contain certain forward- looking statements that relate to future events or future business and financial performance. Such statements can only be predictions and the actual events or results may differ from those discussed. The Company cautions that these statements are subject to important factors that could cause actual results to differ materially from those expressed or implied in such forward looking statements and are more fully discussed in periodic reports filed with Securities and Exchange Commission.

__________________________________________________________ For further information, please contact: -

T o m m i e J o h a n s s o n , C o r p o r a t e C o m m u n i c a t i o n s a n d I n v e s t o r R e l a t i o n s , B i o r a + 4 6 7 0 3 2 2 1 3 6 5 D o n n a J a n s o n , P r e s i d e n t a n d C E O o f B i o r a , t e l : + 4 6 - 4 0 - 3 2 1 2 2 8

http://www.biora.com

-

Notice of the Annual General Meeting of Biora AB (publ) S n b o p p

h a r e h o l d e r s o f B i o r a A B ( p u b l ) a r e h e r e b y otified that the Annual General Meeting will e h e l d a t E u r o p a p o r t e n 2 5 , M a l m ö , S w e d e n n T u e s d a y , A p r i l 2 9th, 2 0 0 3 a t 4 : 0 0 p . m . A l l articipants must register no later than 3.45 m.

Registration

S h a r e h o l d e r s w h o w i s h t o a t t e n d t h e A n n u a l G e n e r a l M e e t i n g m u s t : - be registered in the share register of the S e c u r i t i e s R e g i s t e r C e n t e r , V P C A B , n o t later than by Thursday, April 17, 2003. S h a r e h o l d e r s w h o h a v e r e g i s t e r e d t h e i r h o l d i n g s t h r o u g h a n i n v e s t m e n t m a n a g e r m u s t r e q u e s t t e m p o r a r y s h a r e r e g i s t r a t i o n in their own na m e w i t h V P C w e l l b e f o r e A p r i l 1 7 , 2 0 0 3 . - notify the co m p a n y o f t h e i r p a r t i c i p a t i o n n o later than 4:00 p. m . o n W e d n e s d a y , A p r i l 2 3 , 2 0 0 3 . S h a r e h o l d e r s m a y r e g i s t e r b y : - letter, to Biora AB, Attention Jessica N y s t r ö m , M e d e o n S c i e n c e P a r k , 2 0 5 1 2 M a l m ö , S w e d e n - t e l e p h o n e , t o + 4 6 - 4 0 - 3 2 1 3 6 9 . - f a x , t o + 4 6 - 4 0 - 3 2 1 3 5 5 ( A t t e n t i o n J e s s i c a N y s t r ö m ) - Internet, at Biora’s website at “ w w w . b i o r a . c o m” W h e n r e g i s t e r i n g , - their na m e - their social in r e g i s t r a t i o n n - t h e i r a d d r e s s - t h e i r s h a r e h o l

S h a r e h o l d e r s

m u s t

s t a t e :

surance, social security u m b e r a n d t e l e p h o n e n u m b e r d i n g s

or

S h a r e h o l d e r s r e p r e s e n t e d b y p r o x y m u s t s u b mit a s i g n e d p r o x y f o r m b e f o r e t h e m e e t i n g . Representatives of legal entities (corporations, partnerships, etc.) shall sub mit a copy of the certificate of incorporation or corresponding proof of authority. Proposed agenda

1 .

O p e n i n g

o f

t h e

A n n u a l

G e n e r a l

M e e t i n g .

2. 3. 4. 5. 6.

E l e c t i o n o f C h a i r m a n f o r t h e M e e t i n g . Preparation and approval of the voting list. Election of persons to verify the Minutes. A p p r o v a l of the Agenda. C o n s i d e r a t i o n o f w h e t h e r t h e M e e t i n g h a s b e e n d u l y c o n v e n e d . 7. P r e s e n t a t i o n o f t h e A n n u a l R e p o r t a n d t h e A u d i t o r s’ Report for the parent co m p a n y a n d t h e G r o u p . 8. R e s o l u t i o n t o a d o p t t h e i n c o m e s t a t e m e n t s and balance sheets of the parent co m p a n y a n d t h e G r o u p . 9. R e s o l u t i o n r e g a r d i n g t h e d i s p o s i t i o n o f t h e a c c u m u l a t e d l o s s e s . 10. R e s o l u t i o n t o d i s c h a r g e t h e m e m b e r s o f t h e Board and the President from liability. 11. D e t e r m i n a t i o n o f f e e s f o r t h e B o a r d o f Directors. 12. Election of Directors. 13. R e s o l u t i o n t o a m e n d t h e A r t i c l e o f A s s o c i a t i o n . 14. R e s o l u t i o n s r e g a r d i n g (a) No m i n a t i o n c o m m ittee, and (b) R e m u n e r a t i o n c o m m i t t e e 15. Clo sin g o f th e M e e t i n g .

P r o p o s e d a p p r o p r i a t i o n o f t h e a c c u m u l a t e d l o s s (item 9) T h e G r o u p d o e s n o t h a v e a n y r e s t r i c t e d r e t a i n e d e a r n i n g s a n d t h e r e f o r e , n o d i v i d e n d s a r e p r o p o s e d . T h e B o a r d o f D i r e c t o r s p r o p o s e s t h a t t h e a c c u m u l a t e d l o s s o n t h e P a r e n t C o m p a n y ´ s b a l a n c e s h e e t b e c o v e r e d b y c h a r g i n g t h e s h a r e p r e m i u m r e s e r v e . B o a r d o f D i r e c t o r s a n d t h e i r f e e s ( i t e m s 1 1 - 1 2 ) S h a r e h o l d e r s , w h o j o i n t l y h o l d a p p r o x i m a t e l y 2 0 % o f the voting rights, propose that the Board of Directors shall consist of the following six directors: Re-election of the following Directors: P e r W a h l s t r ö m , N i l s B o h l i n , L a r s I n g e l m a r k , P e r L ö j d q u i s t , L a r s S p o n g b e r g a n d C h r i s t e r T e s t é n . T h e D i r e c t o r J a n K v a r n s t r ö m a n d t h e d e p u t y D i r e c t o r L e n n a r t J a c o b s s o n h a v e d e c l i n e d r e election.

Prior to the meeting, an additional proposal the election of one deputy Director will be m a d e . It D i t o of

is proposed r e c t o r s s h o b e d i v i d e d Directors s

that th u l d b e a m o n g hall de

for

e total fee to the Board of u n c h a n g e d , S E K 8 0 0 , 0 0 0 , t h e d i r e c t o r s a s t h e B o a r d termine.

It is noted that KP M G , with senior partner Alf S v e n s s o n a s c h i e f r e s p o n s i b l e p a r t n e r , h a s b e e n elected as the Auditor of the Co m p a n y u n t i l t h e A n n u a l G e n e r a l M e e t i n g i n 2 0 0 4 , a n d t h a t t h e auditors shall be paid for work performed as i n v o i c e d . A m e n d m e n t (ite m 1 3 )

o f

t h e

A r t i c l e s

o f

A s s o c i a t i o n

The Board of Directors propose that the A n n u a l G e n e r a l M e e t i n g s h a l l r e s o l v e t o amend the Articles of Association so that notices of extraordinary general meetings only b e m a d e t h r o u g h a p u b l i c a n n o u n c e m e n t a n d n e e d n o t t o b e m a i l e d t o s h a r e h o l d e s .

C o m m i t t e e s (ite m 14) T h e S w e d i s h S h a r e h o l d e r s ’ A s s o c i a t i o n ( Aktiespararna ) h a s m a d e a p r o p o s a l t h a t t h e A n n u a l G e n e r a l M e e t i n g s h a l l e s t a b l i s h a N o m i n a t i o n C o m m i t t e e a n d d i r e c t t h e B o a r d of Directors to establish an Audit C o m m ittee and a Re m u n e r a t i o n C o m m i t t e e , unless already provided for. It is noted that the Board of Directors established an Audit C o m m ittee directly follo w i n g t h e C o m p a n y ´ s i n i t i a l p u b l i c o f f e r i n g i n 1 9 9 7 . T h e c o m p a n y h a s b e e n i n f o r m e d t h a t c e r t a i n o t h e r s h a r e h o l d e r s i n t e n d s t o p r o p o s e t h a t t h e A G M shall resolve to establish a N o m i n a t i o n C o m m i t t e e , c o m p o s e d o f t h e C h a i r m a n o f t h e B o a r d o f D i r e c t o r s (convening) as well as by one representative fro m each of the co m p a n y’s two m a j o r shareholders as of the last day of the third calendar quarter for each financial year. The tasks of the No m i n a t i o n C o m m i t t e e s h a l l b e to present proposals, before the upco m i n g A G M s, regarding the election of me m b e r s of the Board of Directors and the

d e t e r m i n a t i o n Directors. A v a i l a b l e

o f

f e e s

t o

t h e

B o a r d

o f

d o c u m e n t s

F i n a n c i a l S t a t e m e n t s a n d t are available at the Co m p a d o c u m e n t s w i l l b e s e n t t o r e q u e s t t h e m . T h i s N o t i c e Meeting is also available a

h e A u d i t o r s ’ R e p o r t n y’s offices. The S h a r e h o l d e r s w h o o f A n n u a l G e n e r a l t w w w . b i o r a . c o m.

W e l c o m e ! M a l m ö , M a r c h , 2 0 0 3 B o a r d o f D i r e c t o r s B i o r a A B ( p u b l )