Aspiro AB (publ): Year-end Report 2005

Fourth Quarter: EBITDA up 30% on Q3

• Fourth-quarter net sales were SEK 124.7 m (SEK 52.1 m), of which the acquisition of Boomi contributed SEK 16.7 m. • EBITDA in the fourth quarter was SEK 14.8 m (SEK 3.6 m), against the third-quarter figure of SEK 11.4 m. In its Third-quarter Interim Report, Aspiro indicated that it expected that as in previous years, fourth-quarter earnings would be below the third quarter. Successful activities across all sales channels resulted in fourth-quarter EBITDA was 30% higher than the third quarter. • The closing balance of consolidated liquid funds was SEK 89.4 m (SEK 37.0 m). Fourth-quarter cash flow from operating activities before change in working capital was SEK 9.9 m (SEK -0.4 m). • Net sales for the full year 2005 were SEK 407.9 m (SEK 129.5 m); full-year EBITDA was SEK 35.6 m (SEK -6.0 m). • Aspiro acquired Finnish mobile services provider Mobile Avenue for some SEK 28 m cash after the end of the period. In annualized terms, Aspiro expects this acquisition to contribute sales of some SEK 28 m and EBITDA of some SEK 3 m, excluding synergies. Mobile Avenue will be consolidated from 1 January 2006. • The Board’s objective for 2006 is for the company, in today’s structure, to achieve a minimum EBITDA of SEK 55 m. Seasonality implies the third and fourth quarters being stronger in earnings terms than the first and second quarters, and the Board anticipates more than half of year-2006 EBITDA being generated in the latter half-year. KEY FIGURES, Oct - Dec 2005 Net sales, SEK m: 124.7 (52.1) EBITDA, SEK m: 14.8 (3.6) Operating profit/loss, SEK m: 12.0 (1.3) Earnings after tax, SEK m: 8.6 (1.5) Earnings per share, SEK: 0.05 (0.01) Figures in brackets are for the corresponding period of the previous year. KEY FIGURES, Jan - Dec 2005 Net sales, SEK m: 407.9 (129.5) EBITDA, SEK m: 35.6 (-6.0) Operating profit/loss, SEK m: 24.8 (-60.1) Earnings after tax, SEK m: 18.0 (-59.9) Earnings per share, SEK: 0.11 (-0.89) Figures in brackets are for the corresponding period of the previous year.