Gert Schyborger new acting CEO
after Lars Taflin, who steps down

October 3, 2008

• Liquidity crisis of Vision Digital is still unresolved
• The interest on the company's convertible loans unpaid
• Gert Schyborger appointed acting CEO
• Lars Taflin resigns, but remains member of the Board

The background is the following
As shown by the company's press release from September 24, 2008, Digital Vision has fallen under an acute financial crisis. During the last two weeks intensive efforts have been applied in order to eliminate the acute liquidity shortage and being in longer-term financing. Interest to invest in the company is not missing, but time constraints and concerns in financial markets means that no satisfactory solution has yet been found. Liquidity has also further deteriorated.

Digital Vision is funded, inter alia, through a convertible loan of about 40 million Swedish Krona. In accordance with the terms, VPC pay interest to the holders of conversion loan at the interest due date on September 30. It appears that VPC has not received the paid amount of interest due to lack of coverage from Digital Vision's bank, interest has therefore been recovered from the convertible holders. The company's behavior in this regard is reprehensible.

It is also the Board's assessment that the CEO of the company Lars Taflin has underestimated the company's operating risk, and his assumption that the company would be able to handle this financial risk has been proven wrong. Hence, Lars Taflin as CEO no longer has the confidence of the board, and he must resign immediately. Gert Schyborger, the chairman of the Board will take the position as CEO for a transition period and the new chairman of the board will be Per-Erik Mohlin. Lars Taflin remains on the board, to assist with the restructuring.

Timetable and forecast for continued work
Efforts to solve the liquidity problems of Digital Vision will be conducted promptly, but no guarantee of a successful outcome can be provided. Investments in the company's shares are therefore subject to considerable risk. New information is anticipated to be presented not later than Tuesday October 7.

About Digital Vision
Digital Vision provides innovative image restoration, enhancement, colour correction and data conforming systems that major movie studios, television networks and post-production facilities use to produce and enhance feature films, TV programs and commercials.  The company’s Nucoda product line provides a strong suite of products for tapeless and non linear grading of HD broadcast and 2K/4K digital intermediate productions. The company’s award-winning products are a standard of the media & entertainment industry and are deployed at top facilities and broadcasters around the world.

Digital Vision AB was founded in 1988 and is headquartered in Stockholm, Sweden, with three wholly owned subsidiaries, Digital Vision US in Los Angeles, California, Digital Vision UK in London, England, and Digital Vision in Hong Kong, China.  The company maintains its global presence through a network of qualified distributors.  Digital Vision is listed on the Stockholm stock exchange.  For further information, go to www.digitalvision.se.

All trademarks used herein, whether recognised or not, are the properties of their respective companies.

For more information, please contact:

For further information please contact:
Gert Schyborger, mobile: +46 733 764 500
Digital Vision AB (publ), Solna Strandväg 98, SE-171 54 Solna

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