Interim report, January-March 2006

Continued strong development for Framfab

# Net sales for January-March were SEK 146.8 million (87.6), an increase of 68% over the first quarter 2005. Net sales per employee on an annual basis grew by 23% from the first quarter of 2005 to SEK 1.297 thousand (1.058). # Profit after tax for January-March increased by 120% to SEK 12.3 million (5.6) over the first quarter 2005. # Earnings per share for January-March amounted to SEK 0.01 (0.00). Earnings per share for the first quarter on an annualized basis were SEK 0.04 (0.02). # On 21th March the boards of directors of Framfab AB and LB Icon AB announced the intention to merge their business operations to create the leading Digital and Interactive Agency in Europe. The proposal is subject to approval by Framfab’s Extraordinary General Meeting and LB Icon’s Annual General Meeting on 30th May 2006. The boards of directors of both companies unanimously recommend the merger to their shareholders and urge them to approve the merger plan. # Cash flow from operating activities for January-March was SEK 8.3 million (6.2). Cash flow for the quarter was SEK 4.2 million (5.8). Liquid assets were SEK 65.9 million as of 31 March.