INTERIM REPORT JANUARY–SEPTEMBER 2009

Sales increased by 1 percent to MSEK 5,660 (5,620) and the organic sales growth amounted to -10 percent (4). Sales of services increased by 13 percent to MSEK 2,459 (2,186). Operating income (EBIT) increased by 24 percent and amounted to MSEK 402 (325), which resulted in an operating margin (EBIT) of 7.1 percent (5.8). Income before tax increased by MSEK 632 to MSEK 381 (-251). Foreign exchange rate effects impacted financial net by MSEK 23 (-6). Net income increased by MSEK 589 to MSEK 265 (-324) and earnings per share increased to SEK 0.72 (-0.89). The operating cash flow amounted to MSEK 593 (360). COMMENTS FROM THE CEO, JUAN VALLEJO, The market situation continues to be weak with low demand and high price pressure, particularly within implementation projects. It is gratifying to see that sales of services continue to rise and the share of services amounted to 46 percent during the third quarter. The restructuring program which commenced during the fourth quarter 2008 is proceeding as planned. We will continue to adapt the organization depending on how demand develops on the various markets. In addition to this, we see further opportunities to improve efficiency. The cash flow was strong during the third quarter and significantly better compared with the same quarter of the previous year. We are continuing to focus on refinement of the service offering with recurring income and improving cost efficiency while at the same time prioritizing margins over growth. All of the measures initiated create a stable basis for continued development. Press conference A press conference will be held at Niscayah's head office at Lindhagensplan 70 in Stockholm on November 3, 2009, at 10.30 a.m., CET. 10.30. To follow the press conference by telephone (and ask questions), please call: Sweden: + 46 (0) 8 50 520 270 UK: + 44 (0) 208 817 9301 US: + 1 718 354 1226