Notice of EGM

RNS Number:4978I
Jumpit ASA
26 November 2007


Jumpit ASA

("Jumpit" or the "Company")


Notice of Extraordinary General Meeting


Further to the announcement dated 20 November 2007 regarding the lapse of the
offer from Springfield AS ("Springfield") the board of Jumpit today gives notice
of an Extraordinary General Meeting ("EGM") of the Company to  be held at the
Company's offices in Martin Linges vei 15-25, 1367 Snaroya on Friday 7 December
2007 at 10.00 a.m. Oslo time. The notice of the EGM has today been sent to
shareholders.

On 20 November 2007 it was also announced that Springfield had agreed to
underwrite a placing of up to #1 million of new shares conditional upon the
purchase, by Springfield, of shares held by J. Chr. Borchgrevink and Motivator,
a company controlled by Petter Sorlie, representing in aggregate 20.8% of the
Company. The purchase of these shares has now been completed and the purpose of
the EGM will be to convene a new board of the Company to oversee the next period
of the Company's growth.


Mr J. Chr. Borchgrevink and Mr Petter Sorlie will be resigning as directors of
the Company at the EGM. The other board members and senior management thank
Messrs Borchgrevink and Sorlie for the contributions they have made to the
Company and wish them well with their future endeavours.

The appointment of the following new directors will be proposed:


Oystein Kvarme (Proposed Chairman of the Company)


Mr Kvarme who is currently CEO of 3g3m has extensive management experience from
leading international companies in the IT and Telecom industries.  Recent
positions include Vice President Telenor, Managing Director Telenor Deutschland
GmbH, CEO IPdrum AS. Mr Kvarme holds  an M.B.A from The University of Chicago
GSB and a B.A (Sc) from Nantes Graduate School of Business in France.


Thomas A. Kielland (Proposed Non-executive Director of the Company)


Thomas A. Kielland is a partner with Jens M. Teigen who is Chairman of
Springfield AS, in IT-Venture AS (the largest shareholder of Telelink Holding
AS). He has administrative responsibility for the investment portfolio, and
handles financial and legal issues for the group. Mr. Kielland has a business
degree from Boston University, and more than 10 years experience in banking.


Karin Juel Teige and Sissel Edvardsen will continue to act as Non-executive
directors of the Company and Morten Hansson will continue as Chief Executive
Officer, a non-board position as is customary for Norwegian companies.


If appointed, the new Board will, immediately after its election, call for a new
EGM (the "Second EGM") primarily to propose a placing of up to #1 million to
finance the Company's trading objectives. The placing of up to #1 million will
be underwritten by Springfield.


The details of the placing will be set out in the notice of the Second EGM to be
posted following the EGM.



As part of the Company's continuing review of its cost base the board have also
proposed the appointment of Inter Revisjon Oslo AS as the Company's auditors.



Enquiries:

Jumpit                 Morten Hansson                   + 47 67 82 70 40

                       Chief Executive Officer


HansonWesthouse        Bill Staple                      020 7601 6100

                       Martin Davison



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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