Year-end report 2008

Fourth quarter
• Revenues increased by 47% to SEK 133.7 million (90.8)
• The result after tax for the period was SEK -19.9 million (2.0 after adjustment for one-off costs) (3.3)
• The result per share amounted to SEK -0.24 (0.01)
• The operating result excluding one-off costs amounted to SEK 4.2 million (1.0)
• The operating result (EBITA) for the clinics amounted to SEK 20.9 million (20.9)

Full year 2008
• Revenues increased by 45% to SEK 400.4 million (276.2)
• The result after tax was SEK -41.6 million (-11.6 after adjustment for one-off costs) (-12.8)
• Result per share amounted to SEK -0.71 (-0.29).
• The operating result excluding one-off costs amounted to SEK -2.5 million (-16.8)
• The operating result (EBITA) for the clinics amounted to SEK 51.9 million (32.9)

• Global Health Partner entered into a unique partnership in May 2008 in the ablation field with Södersjukhuset hospital in Stockholm where new treatment options are being established through an investment in a specialist high volume clinic.
• Improved cash flow from operating activities despite costs for relisting from AIM in the UK to NASDAQ OMX Stockholm where the share was listed on 3 October 2008.
• In connection with the listing, a new share issue was implemented amounting to SEK 74.2 million before issue costs.
• Central cash reserves amounted to SEK 145.3 million at year-end

Significant events after the end of the period
• Three new clinics within Service Line Bariatrics have been started in the UK, Norway and Egypt.


Comments from Per Båtelson, CEO:
“It is pleasing to be able to note that growth for Global Health Partner during 2008 exceeded our externally communicated target. The underlying profitability in our business is good and the clinics have in many cases exceeded last year’s results.

For the fourth quarter, demand for the care services provided by the clinics remained strong and the ongoing financial crisis and the incipient recession have not been significantly reflected in a decline in volumes. Despite increased sales, the overall development of income in the clinics is on a par with the previous year. Global Health Partner has had considerable costs for projects, new clinics and one-time expenses during the period.

On October 3, 2008 Global Health Partner changed its listing and domicile from AIM in London to NASDAQ OMX Stockholm. The listing and the new share issue that accompanied it were executed successfully, despite the turbulence on the capital market.

During the fourth quarter intensive efforts were also underway in preparation for the launch of a number of new clinics in 2009, mainly within Service Line Bariatrics, where three new clinics are in the process of being launched and more clinics are well underway.
Global Health Partner has a strong financial position with a debt-free Parent Company and a strong cash position. This provides the business with the capacity to continue its expansion strategy in accordance with set targets. The current financial crisis, however, provides for a more cautious approach to capital intensive acquisitions.”

Gothenburg, 20 February 2009

The Board