Highlights January - September 2004

- Revenue for the third quarter amounted to €10.9 million (€ 9.4 million) representing 16 percent (12 percent) revenue growth versus the corresponding period last year. Excluding acquisitions the revenue growth was 12 percent. - Revenue for the first 9 months amounted to € 30.7 million (€ 27.1 million), a 13 percent revenue growth (4 percent) versus last year. - Constant currency growth versus last year for the 9 months amounted to 18 percent, excluding acquisitions 14 percent. - The robust membership growth continued in the third quarter with 5,800 new members (4,700) and 15,400 for the first 9 months (7,300). Total members by end of September increased 19 percent versus last year to 132,400. - The third quarter was the first quarter with operating (EBIT) break-even (loss € 0.3 million). The operating loss for the nine month amounted to € 0.3 million (€ 0.9 million). - The operating profit before depreciation and amortization (EBITDA) amounted to € 0.8 million or 7.6 percent of revenue (€ 0.5 million or 4.8 percent of revenue) for the third quarter and to € 2.1 million or 6.9 percent of revenue (€ 1.4 million or 5.2 percent of revenue) for the nine month. - The loss after tax for the quarter amounted to € 0.1 million (€ 0.5 million) and € 0.8 million (€ 1.4 million) for the nine month. The loss per share was € 0.009 for the quarter (€ 0.04) and a loss of € 0.067 per share (€ 0.118) for the nine month. Investor Relations Contacts Fredrik Rågmark - Managing Director - Phone: +32 2 357 55 77 - E-mail: fredrik.ragmark@medicover.com Joe Ryan - Financial Director - Phone: +32 2 357 55 77 - E-mail: joe.ryan@medicover.com