Interim report for the period from January 1 to September 30, 2001

INTERIM REPORT FOR THE PERIOD FROM JANUARY 1 TO SEPTEMBER 30, 2001 Third quarter - recession and uncertain world · Sales during the period amounted to SEK 155.1 M (207.6), which was 25% lower than in the preceding year. The decrease was attributable to Sweden, where the market is currently restrained, as well as to Norway, where the preceding year's figures included a single order of SEK 27 M. In other markets, sales increased or remained unchanged. · During the third quarter, sales amounted to SEK 45.1 M (75.1). The third quarter is normally the year's weakest but showed exceptionally high sales during the preceding year. The decrease in sales this year was primarily attributable to Sweden and the US. · A loss after net financial items of SEK 59.8 M (profit: 7.5) was reported for the period, of which the loss during the third quarter amounted to SEK 15.0 M (profit: 4.0). Cost levels were reduced by 20% during the third quarter, compared with the two preceding quarters. About 6% of the reduction was lower costs for salaries as an effect of vacations. · Liquidity, including unutilized credit facilities, amounted to SEK 152 M (179) at the end of the period. Equity amounted to SEK 160 M (216), resulting in an equity/assets ratio of 70% (78%). · Important events during the third quarter · Pointsec in the US received an order in September from the IRS, the US tax authority, for Pointsec® for PC and Pointsec® for Palm OS security software. The order value amounted to slightly more than SEK 3 M. · During the period, Protect Data entered a partnership with the US antivirus manufacturer Sybari. Through this partnership, Protect Data will become a distributor of the Antigen virus control system, world- leading in virus control of e-mail databases. · Pointsec signed a contract during the quarter with Alstom Power Sweden AB for delivery of Pointsec® security software. The order value amounted to about SEK 1 M, of which one third relates to deliveries during 2001. · In July, Douglas Chalmers was appointed as the new president of Pointsec Mobile Technologies, Inc. in the US. · In August, Marcus Jensen was appointed as the new president of Protect Data's Finnish subsidiary Oy Protect Data Ab. · Events after the closing date · In October, Protect Data's subsidiary Pointsec launched its second security software product for handheld computers, Pointsec® for Pocket PC. In so doing, Pointsec became a Microsoft launch partner. · On October 15, Magnus Söderlind was appointed as the new president of the Swedish subsidiary Protect Data Sverige AB, as well as vice president of the Parent Company with overall responsibility for Protect Data's Solutions business area. Magnus Söderlind worked most recently at Silicon Graphics, where he was president for the Swedish and Finnish subsidiaries. · In October, Pointsec received an order from WM-data in Denmark. The order, which is for licenses to be used internally, amounted to slightly more than SEK 2 M. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/11/08/20011108BIT00160/bit0001.pdf The full report

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