Boss Media receives SEK 22.5 million in supplemental purchase payment for shares in Essnet Interactive

In conjunction with the business in the former partly owned Essnet Interactive AB being divided between the owners, Boss Media and EssNet AB agreed, among other points, on a supplemental purchase payment for Boss Media’s shares in EssNet Interactive. The supplemental payment was based on the results of EssNet Interactive’s deliveries to Norsk Tipping. However, the deliveries have been postponed on several occasions and it is currently uncertain if and when Norsk Tipping will order the gaming terminals on which the supplemental purchase consideration is based. In conjunction with EssNet AB selling most of its assets and operations to Scientific Games in January 2006, negotiations were initiated with Boss Media about the possibility for EssNet to settle the supplemental purchase price already in 2006. These negotiations have resulted in an agreement in which Boss Media receives a supplemental purchase payment of SEK 22.5 million. The amount, to be paid in May 2006, is in principle a risk-weighted present value calculation of the maximum future amount of the supplemental purchase consideration. Combined with the SEK 25 million that Boss Media was paid for its shares in EssNet Interactive during 2005, Boss Media has received a total of SEK 47.5 million for its shares in Essnet Interactive. Boss Media has also agreed with Essnet Interactive on the purchase of certain assets and discontinuation of certain undertakings between the parties, whereby Boss Media shall pay an amount of SEK 5 million to Essnet Interactive. “We are highly pleased with the result of the negotiations,” says Johan Berg, President of Boss Media. The supplemental purchase payment is linked to Norsk Tipping’s possibilities to deliver gaming terminals, a transaction that increasing appears more uncertain as each day passes. Boss Media can now put this business in the past and focus on the future.” After completion of both of these agreements, Boss Media and EssNet no longer have any contractual commitments or demands between them. For further information, please contact: Johan Berg, President and CEO, Boss Media AB (publ), telephone: +46 (0)470 70 30 01 or +46 (0)733 70 30 25, e-mail: johan.berg@bossmedia.se