Aspiro AB (publ): Interim Report April-June 2008

Focus on core business—search business sold to Norwegian directory inquiries operator Opplysningen 1881 for some SEK 170 m

Reporting Period April – Jun 2008

• Net sales were SEK 105.9 m (SEK 98.5 m), with this increase mainly attributable to higher sales in Norway and the Baltic states.
• EBITDA was SEK 11.5 m (SEK 10.1 m). Earnings after tax were SEK 5.4 m (SEK 5.8 m) and basic and diluted earnings per share were SEK 0.03 (SEK 0.03).
• The net sales of Aspiro’s continuing operations after the divestment of the search business, which was completed after the end of the period, were SEK 90.5 m (SEK 83.7 m). EBITDA was a deficit of SEK –3.3 m (SEK –0.2 m) and earnings after tax were a deficit of SEK –5.3 m (SEK –1.6 m).
• The Board of Directors decided on a rationalization package to cut annualized costs by SEK 20 - 25 m. Non-recurring expenses for this package of SEK 10 - 15 m will be charged to third-quarter earnings. The majority of this package is scheduled to exert its impact from the fourth quarter onwards.

After the End of the Period

• Aspiro sold its search operations subsidiary to Norwegian directory inquiries operator Opplysningen 1881 for NOK 145 m (some SEK 170 m). Opplysningen is taking over this company effective 1 November 2008 onwards. This transaction will generate an estimated goodwill impairment loss of some SEK 150 m.
• Aspiro acquired the remaining shares of Mobile Entry for NOK 4.25 m. Mobile Entry’s customers and technology platform strengthen Aspiro’s Business Solutions segment.
• Rubberduck launched mobile TV for Sonofon in Denmark.
• After divesting its search business, Aspiro’s continuing operations are to generate positive EBITDA at the latest by the second quarter 2009.

This information is mandatory for publication by Aspiro AB (publ) pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication at 8:30 a.m. on 15 August 2008.