Aspiro AB (publ): Interim Report, January-March 2004

· Net sales totalled SEK 11.7 m (SEK 3.7 m). Emode’s net sales of SEK 2.1 m during March is included. · Net result amounted to SEK - 5.8 m (SEK - 6.2 m). · Earnings per share amounted to SEK - 0.19 (SEK - 2.10). · Earnings before interest, tax and amortisation (EBITA) amounted to SEK - 3.7 m (SEK - 6.0 m). · Net cash from operating activities amounted to SEK - 6.0 m (SEK - 19.3 m). · Aspiro adheres to its prognosis of achieving positive cash flow on a monthly basis during the year. · Liquid assets amounted to SEK 35.1 m (SEK 17.2 m). · A directed new share issue was completed in March, adding SEK 24 m to the company before issue expenses. · Mobil service supplier Emode was acquired, adding a new distribution channel for the company i.e. the channel print media. Emode is a part of Aspiro as of March. · The demand for mobile entertainment services has substantially increased during the period. · During the period, Aspiro signed 12 (10) new sales agreements, with its direct channels, i.e. operators in Europe and USA. At the end of the period, Aspiro's customer base included 34 (31) mobile telecom operators and portals. · Marie Persson Björkman was elected as ordinary member of the Aspiro Board of Directors at an extraordinary general meeting in March. · At present, Aspiro is conducting far-reaching negotiations regarding the acquisition of a north European company within the same line of business.

About Us

Aspiro is a media technology company on the forefront in the ongoing redefinition of music consumption. Through its subscription services WiMP and TIDAL, the company offers a complete music experience with HiFi quality audio and integrated editorial, magazine and video. In parallel, Aspiro is a content provider to the online media industry through RADR, helping its partners to attract and retain visitors on their web sites. See more on www.aspiro.com

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