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INTERIM REPORT January - September 2004

INTERIM REPORT January - September 2004 · Net sales for the period July-September 2004 increased to MSEK 6.9 (same period 2003 pro forma* 2.7). For the period January-September 2004 net sales increased by 8 per cent to pro forma MSEK 18.8 (17.4). · Operating result for the third quarter improved to MSEK -1.5 (-4.4) and for the nine-month period to pro forma MSEK -6.5 (-9.0). The result after financial items for the third quarter was MSEK -1.4 (-2.0) and for the nine-month period pro forma MSEK -4.9 (-4.8) or SEK -0.04 per share. · The strong growth within Digital Broadcasting continued and

KDDI buys Header Compression test license from Effnet

KDDI buys Header Compression test license from Effnet The Japanese company KDDI R&D Laboratories Inc. has bought a test license for Effnet ROHC®, a Header Compression software developed by Effnet. KDDI R&D Laboratories Inc., a subsidiary of the second largest Japanese mobile network operator KDDI Corporation and one of the world's leading mobile telecom research organisations, is active in a broad range of research within communications and develops new technologies and services for mobile networks. "This is a considerable break through for us. It is the first time that a CDMA2000 mobile

New DMB orders from South Korea to Factum Electronics

New DMB orders from South Korea to Factum Electronics Factum Electronics AB, a subsidiary of Effnet Holding AB (publ), has in the last three months been awarded contracts from KBS, Korean Broadcasting Systems, EBS, Educational Broadcasting Systems, and MBC, Munhwa Broadcasting CO. Ltd. to supply DMB systems. The systems are based on Factum Electronics' modular architecture, including audio encoders, data inserters, service and ensemble multiplexers and management systems. Factum Electronics has previously supplied digital radio solutions to customers in Australia, Canada, Denmark, Hungary,

Yet another Italian DAB-order for Factum Electronics

Yet another Italian DAB-order for Factum Electronics Factum Electronics AB, a subsidiary of Effnet Holding AB (publ), has once again been awarded a contract to supply equipment for digital radio in Italy. Club DAB Italia, a radio broadcasting consortium formed by the major Italian national radio networks, with more than 20 million listeners, is now speeding up the roll out of digital radio. This contract is yet a considerable step forward for the digitalization of commercial radio in Italy. It is also a confirmation that Factum's solutions are state-of-the-art and highly competitive on the

INTERIM REPORT January - June 2004

INTERIM REPORT January - June 2004 - Net sales for the period April-June 2004 amounted to MSEK 6.9 (9.7). For the period January- June 2004 net sales amounted to MSEK 11.9 (14.7). - Operating result for the second quarter amounted to MSEK -1.3 (-1.4) and the result after financial items was MSEK -0.6 (-0.6). Operating result for the period January-June amounted to MSEK -5.0 (-4.6) and the result after financial items was MSEK -3.5 (-2.8) or SEK -0.07 (-0.05) per share. - Net sales as well as order intake of Digital Broadcasting was stronger during the period January-June 2004 compared to

Harris orders NICAM from Factum Electronics

Harris orders NICAM from Factum Electronics The American company Harris Broadcasting Corporation has ordered NICAM encoders (digital stereo sound for analogue TV) from Factum Electronics AB. The total value of the order is estimated at around SEK 1,8 million. Factum Electronics is today the world-leading company within the NICAM area and has supplied equipment to customers in over 30 countries worldwide. Factum Electronics offers a full range of NICAM encoding and decoding system components and end-to-end solutions for both complex broadcasting environments and local cable-TV systems. "

BBC has chosen "DAB by Factum"

BBC has chosen "DAB by Factum" The British Broadcasting Corporation, BBC, has chosen to order a complete, DAB head end system with full redundancy from Factum Electronics AB. The BBC has been heavily involved in the Eureka 147 DAB (Digital Audio Broadcasting) standard since its inception. The total value of the order is estimated at around SEK 4 million. Factum Electronics will deliver systems based on its modular architecture, including its unique dynamic range controller, audio encoders, data transmissions, multiplexers, and management systems. Factum Electronics has previously supplied

Factum Electronics supplies equipment for DAB to the Danish Radio

Factum Electronics supplies equipment for DAB to the Danish Radio Factum Electronics AB has been awarded a contract to supply equipment for digital radio (DAB) to the Danish Broadcasting Corporation. In 1995 the Danish Radio started its first DAB service and has ever since been on air with DAB. During 2004, Denmark will be the first country in the world where 100 % of the population will be able to receive DAB. The total value of the order is estimated at around SEK 3,5 million and the equipment will be used for two DAB regions. Factum Electronics AB will deliver systems based on its

Report from general meeting

Report from the ordinary general meeting Effnet Group AB (publ) adopted the following resolutions at the ordinary general meeting on April 23, 2004: · to adopt the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet; · to grant the members of the Board and the CEO discharge from personal liability for 2003; · to approve unchanged remuneration of SEK 600,000 to the Board and the payment of the auditor's fees in line with the approved expense statement; · to re-elect the current Board, consisting of Magnus Ryde, Svante Carlsson, Göran

Interim report January-March 2004

Effnet Group AB (publ) INTERIM REPORT January - March 2004 * Net sales for the period January-March 2004 amounted to MSEK 5.0 (5.0). Sales were weaker than expected while operating expenses developed as planned. * Operating result for the first quarter amounted to MSEK -3.7 (- 3.2). The result after financial items was MSEK -2.9 (-2.2) or SEK -0.05 (-0.04) per share. * Liquid assets at the close of the period totaled MSEK 103.5 (107.8) or SEK 1.88 (1.96) per share. Stockholders' equity at the close of the period amounted to MSEK 101.3 (104.2) or SEK 1.85 (1.90) per share. * Kenneth Lundgren

Cooperation PrairieComm-Effnet

New Cooperation between Effnet AB and PrairieComm, Inc. At the opening of the 3GSM exhibition, Effnet AB and PrairieComm, Inc. announced a new technology relationship. As of now Effnet's Header Compression technology is available on PrairieComm's PCI5110 UMTS/GPRS/GSM chipsets, PCI5210 UMTS/EDGE/GPRS/GSM chipsets, and all FronTier reference phone platforms. "We are extremely pleased to announce this groundbreaking cooperation. PrairieComm's FronTier platform based on their leading baseband chipsets and communications software is an excellent platform for integration of our Header

DAB-order from Italy

The Italian EuroDAB consortium develops innovative services with digital radio equipment from Factum Electronics Factum Electronics AB, a wholly owned subsidiary of Effnet Group AB (publ), has been awarded a contract to supply equipment for digital radio to the Italian radio broadcasting consortium EuroDAB. Italy is now speeding up implementation of digital radio and this contract is a major step forward for the digitalization of commercial radio. It is also a confirmation that Factum's solutions are state-of-the-art and highly competitive on the world market. RTL 102.5 Hit Radio, one of

YEAR-END REPORT January - December 2003

YEAR-END REPORT January - December 2003 · Net sales for the period January-December amounted to MSEK 20.8 (9.9). The Group's sales include revenues generated by Factum Electronics AB, a subsidiary acquired at the end of the previous year. · The result after financial items for the full financial year improved by almost SEK 50 million to MSEK -7.0 (-55.4). The loss for the year after financial items was MSEK 6.9 (55.4) or SEK 0.12 (1.01) per share. · Sales were weak during the fourth quarter and net sales totaled MSEK 3.4 (6.4). · The result after financial items for the fourth quarter

Factum Electronics appoints new Managing Director

Factum Electronics AB appoints new Managing Director Kenneth Lundgren has been appointed Managing Director of Factum Electronics AB, a member of the Effnet Group. On January 20, 2004, Lundgren will succeed Johan Ericsson, who will become deputy Managing Director and concentrate on marketing and sales. Kenneth Lundgren, M.Sc. in electronics, has a long and broad experience from international business. He has held senior positions within marketing and sales as well as been the Managing Director of a number of technology companies. Kenneth Lundgren comments: "Factum Electronics has managed to

Order from Teracom to Factum

Factum Electronics supplies equipment for digital radio to the Swedish network operator Teracom Factum Electronics AB, a company in the Effnet Group, has supplied equipment for digital radio according to the DAB standards to Teracom AB. The equipment, a signaling chain for broadcasting of digital radio, includes audio encoders, service multiplexer and management system. Teracom has bought the equipment in order to offer Swedish Radio a more flexible handling of their digital radio services. Factum Electronics has previously sold similar solutions for digital audio broadcasting to customers

Interim Report January-September 2003

INTERIM REPORT January - September 2003 · Net sales for the period January-September amounted to MSEK 17.4 (3.5). The increase in the Group's sales is primarily due to that sales for this year also includes revenue generated by Factum Electronics AB, a subsidiary acquired at the end of last year. · The Group's result after financial items for the nine-month period improved by more than SEK 30 million to MSEK -4.8 (-35.0), or SEK -0.09 (-0.64) per share. · Sales were very weak during the third quarter and net sales totaled MSEK 2.7 (1.0).3 · The result after financial items for the third

Interim Report January-June 2003

INTERIM REPORT January - June 2003 ·Net sales for the second quarter amounted to MSEK 9.7 (0.7), and to MSEK 14.7 (2.5) for the period from January to June. The Group's significant sales growth is due to the fact that the sales figures now include sales generated by Factum Electronics, which was acquired at the close of 2002, and to the Group's new strategy of intensified sales activities as well as to normal seasonal fluctuations. ·Sales of the subsidiary Effnet AB continued to grow according to plan. After undergoing extensive quality audits by some of the world's leading

Breakthrough order for DAB in Korea

Effnet subsidiary Factum Electronics breaks into Korean market with digital radio equipment order Up against stiff, international competition, Factum Electronics AB has been commissioned to supply equipment to a major Korean TV and radio broadcasting company. "The Korean order is very prestigious. Digital radio is much more than traditional radio in Korea, where the focus is on developing computer services like video distribution via digital radio," says Johan Ericsson, CEO of Factum Electronics. "This order is another important reference for our continued efforts within the digital radio

Effnet calls a general meeting

Effnet calls a General meeting The stockholders of Effnet Group AB (publ) are hereby called to an ordinary general meeting at 10:00 am on Wednesday 30 April, 2003 at Gustafs Konferenscenter, Gustavslundsvägen 151 G, Alviksstrand, Bromma, Sweden. Entitlement to attend the meeting Stockholders who wish to attend the meeting must first be entered in the stock register maintained by VPC AB ("VPC") as of Thursday 17 April, 2003, second give the company notice of their intention to attend the meeting no later than 4:00 pm on Friday 25 April, 2003. In order to be entitled to attend the meeting,

Year-end Report January - December 2002

Effnet Group AB (publ) Year-end Report January - December 2002 * In October, Effnet Group AB (publ) acquired Factum Electronics AB from Teracom AB. Factum develops and sells systems for digital radio (DAB) and digital stereo sound for television according to the NICAM principle. Factum's sales totaled SEK 19,689,000 between January and December 2002 and personnel numbered 12 full-time employees by year's end. * During the year, Effnet Group implemented substantial cost- cutting measures to bring expenses in line with revenues. * The board of directors adopted a new strategy for the Group -

Effnet enters Satellite Market with Comtech EF Data Deal

Effnet enters Satellite Market with Comtech EF Data Deal Stockholm, Sweden (December 10, 2002) Effnet Group AB announced that Comtech EF Data Corporation, a subsidiary of Comtech Telecommunications Corporation (NASDAQ: CMTL), has selected Effnet's CRTP (Compressed Real- time Transport Protocol) and IPHC (IP Header Compression) products, which improves the efficiency of transmitting Internet Protocol (IP) traffic over wired and wireless networks. Comtech EF Data's Vice President of Network Products, Daniel Enns, said "For our customers, efficient utilization of satellite space segment is a

Effnet expands effort in 3G market with Interdigital contract

Effnet expands effort in 3G market with InterDigital Communications contract Effnet, a leading provider of Header Compression technology for 3G networks, announced that InterDigital Communications Corporation (NASDAQ: IDCC) has selected Effnet's IPHC (IP Header Compression) product for integration with InterDigital's FDD protocol stack product in order to improve the efficiency of transmitting Internet Protocol (IP) traffic over wireless networks and thereby lower the cost of IP feature services for wireless operators. InterDigital's FDD mobile terminal software product is being designed to

Postitive signs for Effnets ROHC

Positive signs for Effnet's ROHC Effnet recently participated in "ROHC in the City", the fourth ROHC interoperability test together with Ericsson, Acticom, ICR and IRISA hosted by Acticom in Berlin. After one week of intensive testing, it is clear that Effnet's ROHC implementation is of very high standard. Previous interoperability tests were: "ROHC Bay Cough" at Roke Manor hosted by Siemens, "ROHC in the Desert" in Tucson hosted by Effnet and "Arctic ROHC" in Luleå hosted by Ericsson. Other attendees at these tests have been Nokia and Panasonic. Effnet has attended all four

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