IBS Interim Report January - June 2009,

IBS reports strong license revenue growth, and positive net earnings in the second quarter.

• Second quarter new license revenue grew by 64% to SEK 72 m (44). For the first half year the new license revenue was SEK 97 m (67). • Second quarter total license revenue grew by 33% to SEK 146 m (110). For the first half year total license revenue was SEK 236 m (194). • Total second quarter revenue down 7% to SEK 480 m (516), driven by professional services revenue down by 13% to SEK 251 m (287) and hardware and other revenue down 30% to SEK 83 m (119). Total revenue for the first half year was down 7% to SEK 931 m (1 000), professional services revenue down by 11% to SEK 524 m (586) and hardware and other revenue down by 22% to SEK 171 m (220). • Second quarter EBITDA* up to SEK 47 m (9). EBITDA* for first half year was SEK 59 m (-14). • Second quarter net earnings SEK 6 m ( 25). First half year net earnings SEK -84 m (-71). • Improvements in profitability despite decrease in total revenues due to reductions in costs and headcount resulting from restructuring program. • Cash flow from operating activities amounted to SEK -9 m (-10) for the second quarter. Excluding restructuring effect of SEK 53 m (0), operating cash flows were SEK 44 m ( 10). Cash flow from operating activates for the first six months amounted to SEK -76 m (-46). • Major contracts signed during the second quarter in the US and Europe contributing new license revenue of SEK 10 m and SEK 16 m respectively. • The last day of trading in the IBS B share on NASDAQ OMX Nordic was May 8 and the first day of trading on the NASDAQ OMX First North was May 11