Thalamus Networks' Semiannual Report January 1 - June 30, 2000

Thalamus Networks' Semiannual Report January 1 - June 30, 2000 * Net sales rose, from SEK 9,972 thousand to SEK 15,529 thousand, representing an increase of 56% year-on-year. * First delivery of a local broadband portal was completed. * Efforts to fortify the brand and broadband portal continued. * Shares were quoted on the Nya Marknaden list in July, an application was submitted to move to the OM Stockholm Exchange's O list. The Company has made substantial investments in marketing, the stock exchange listing, investment in technology, and building up the organization, which has given good response. The market for the Company's main business developed favorably, particularly in the Internet segment. In a telemarketing campaign conducted by the Company during the spring, the Company found keen interest throughout Sweden on the part of large housing cooperations owned by municipalities as well as individual property owners. "We can establish that the interest for broad band services is still high, and that the media and market has a more composed and analyzing attitude, says Jan Tidelius, CEO of Thalamus Networks. This is something we welcome and which we benefit from, both in the short and long run. It confirms our view on for example security, integrity, operations and support, and also supports our exclusive position as a technology independent supplier." During the first half, the Company has put special efforts into product development. One project was to develop www.thalamus.nu, one of the first localized broad band portals in Europe. An e-commerce platform intended for users' purchase of on-demand services in the portal, will be completed by the end of the year. The telephony trials started in April with good results and the service will be launched in the third quarter. The interim report can be collected on Thalamus Networks' homepage: www.thalamus.se, and it can be ordered via telephone on: +46 8 691 09 00. Facts Thalamus Networks AB (www.thalamus.se) is an independent player in the rapidly growing field of broadband. The Company offers the market's most extensive broadband service called Thalamus®. It includes Internet access that meets the requirements of the regular surfer as well as the most advanced remote access worker. At the same time Thalamus Networks is the only company that can meet the landlords' needs for energy management, information, media and telephony. Thalamus® is delivered over optical fibre, cable-TV and Ethernet (LAN), and in a near future also over wireless solutions. Thalamus Networks AB are currently in a strong phase of expansion, and today has offices in Ängelholm, Malmö, Halmstad, Göteborg and Stockholm. The Company has provided services to Sweden's landlords since the start in 1987. Thalamus Networks AB's net sales are approximately SEK 40 million and the company employs 37 persons. For further information please contact Jan Tidelius, CEO Thalamus Networks. Tel +46 8-691 09 09, Mobile +46 705- 525626, e-mail jan.tidelius@thalamus.se Thomas Rebermark, Marketing Director Thalamus Networks. Tel +46 8-691 09 07, Mobile +46 703-240193, e-mail thomas.rebermark@thalamus.se ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/08/22/20000822BIT01240/bit0001.doc http://www.bit.se/bitonline/2000/08/22/20000822BIT01240/bit0002.pdf The full report

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