Notice of EGM

RNS Number:8939R
Jumpit ASA
08 April 2008

Jumpit ASA


("Jumpit" or the "Company")


Notice of Extraordinary General Meeting

The board of Jumpit ASA (the "Board"), awaiting registration of its name change
to MultiPower ASA, has today sent shareholders a notice of Extraordinary General
Meeting ("EGM") to be convened for 10 a.m.  Central European Time on 22 April
2008 at the Company's offices, Martin Linges vei 15-25, 1367 Snaroya, Norway.

The Board is calling an EGM in accordance with Norwegian law in order to
preserve its right to seek compensation from former directors and board members
of the Company in relation to an ongoing internal investigation, the findings of
which could, potentially, lead to claims being made as a result of acts of
negligence or wilful misconduct.

The Board wish to emphasise that no action is being sought at this time. The
period of time allowed for the Company to pursue a claim is soon to expire and
the Board wishes to seek an extension to this statutory period while it
continues its investigations into certain past events and transactions which
have been made at the request of certain shareholders in the Company.

An unofficial English translation of the notice sent to shareholders is here set
out in full:

To the shareholders of MultiPower ASA (formerly Jumpit ASA)


                    NOTICE OF EXTRAORDINARY GENERAL MEETING

Notice is given of an extraordinary general meeting of Multipower ASA (formerly
Jumpit ASA) to be held on

                        22 April 2008 at 10.00 hours CET

in the company's offices at Martin Linges vei 15-25, 1367 Snaroya.


The following matters will be dealt with:

1.  Opening of the meeting by the Chairman and registration of shareholders
    represented in the meeting

2.  Election of persons to chair the meeting and to co-sign the minutes

3.  Approval of the notice and the agenda
    
4.  Resolution to preserve the right to claim for damages against certain former
    directors and/or former managing directors


Following requests from certain of the company shareholders, the board proposes
that the general meeting passes a resolution as set out below. Facts which may
result in liability for damages are currently being investigated, and adoption
of the proposed resolution is required in order to file complaints with the
court of conciliation to prevent the possible statute of limitations from
running. The board will decide upon whether a final claim for damages shall be
advanced when the facts have been finally assessed.


"The company shall be entitled to make a claim for damages against certain
former directors and/or managing director for loss incurred by the company
resulting from negligence or wilful misconduct by such persons in their capacity
as directors/managing director, cf. Sections 17-1 and 17-3 of the Public Limited
Liability Companies Act. Each of the Chairman of the Board and the CEO shall be
authorized to act on behalf of the company in relation to the matter, cf.
section 18-1 of the Public Limited Liability Companies Act."


The facts which will constitute the basis for a possible lawsuit launched by the
company are being investigated. This relates, inter alia, to dispositions made
by the company's representatives in connection with acquisitions and other
related transactions.


Further investigations of the facts will be made prior to the extraordinary
general meeting, and if appropriate, the results of which will be presented in
the meeting.




Jumpit                       Morten Hansson                     + 47 67 82 70 40
                             Chief Executive Officer

Hanson Westhouse Limited     Bill Staple / Martin Davison      + 44 20 7601 6100









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            The company news service from the London Stock Exchange
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