FREDRIK LINDGRENAPPOINTED NEW PRESIDENT AND CEO FOR KARO BIO AB

STOCKHOLM, March 29, 2010. Karo Bio AB (publ) (Reuters: KARO.ST) today announced that the Karo Bio Board of Directors has appointed Fredrik Lindgren as new President and CEO. Fredrik Lindgren succeeds Per Olof Wallström who, as previously announced in a press release on February 16, has resigned and is leaving the company.

Fredrik Lindgren, who earned an LLC in company and tax law from Lund University in 1994, has since taken on positions of increasing responsibility at five Swedish companies in the following sectors: corporate finance, consumer healthcare, medical devices, and biotechnology. Particularly relevant is his experience as deputy CEO of Active Biotech AB from 1995-1998, and his work as CEO of Biolin Scientific AB from 2005 to the present.

“I extend a warm welcome to Fredrik Lindgren on behalf of the Karo Bio Board of Directors”, said Dr. Leon Rosenberg, Chair of the Board. ”He has the vision, experience and energy to lead Karo Bio as it addresses its many opportunities and challenges.”

“I am delighted to get the opportunity to work with Karo Bio” said Fredrik Lindgren.

Lindgren will assume the presidency of Karo Bio on April 23, 2010.