Highlights January - June 2004

Highlights January - June 2004 - Revenue for the second quarter amounted to E 10.1 million (E 8.8 million), representing a 15 percent (0 percent) growth versus the corresponding period last year. - Revenue for the first 6 months amounted to E 19.8 million (E 17.7 million), a 12 percent (0 percent) growth versus last year. - Constant currency growth versus last year for the first 6 months amounted to 21 percent (15 percent excluding Nova Medical acquisition), up from 18 percent prior quarter and 13 percent at year end. - The robust membership growth continued for the second quarter with 4,600 new members and for the first half 9,600, bringing the total member-base by mid year to 126,600, a 19 percent (7 percent) increase versus the prior year period. - The operating loss (EBIT) for the second quarter amounted to E 0.1 million (E 0.3 million) and for the first half to E 0.3 million (E 0.5 million). - The operating profit before depreciation and amortization (EBITDA) amounted to E 0.6 million or 6.4 percent of revenue ( E 0.5 million or 5.1 percent of revenue) for the quarter and to E 1.3 million or 6.5 percent of revenue ( E 1.0 million or 5.5 percent of revenue) for the 6 months. - The loss after tax for the quarter amounted to E 0.5 million (E 0.5 million) and for the 6 months amounted to E 0.7 million (E 0.9 million). The loss per share was E 0.04 for the quarter (E 0.04) and E 0.06 for the 6 months (E 0.08). - After the end of the reporting period, Medicover acquired a Polish laboratory company, adding to the existing Nova Medical operation in Poland. Investors relations contacts Fredrik Rågmark Managing Director Phone: +32 2 357 55 77 E-mail: info@medicover.com Joe Ryan Financial Director Phone: +32 2 357 55 77 E-mail: info@medicover.com Medicover Address: c/o Belro Medical S.A., Waterloo Office Park, Building O, Drève Richelle 161, B-1410 Waterloo, Belgium Phone: +32 2 357 55 77 Fax: +32 2 357 55 05 www.medicover.com E-mail: info@medicover.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/08/25/20040825BIT20020/wkr0001.pdf The full report